| Product Code: ETC5840198 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s aircraft gearbox import market in 2024 continued to see significant concentration, with top exporting countries including Czechia, Lithuania, Finland, China, and Sweden. Despite a steep decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) for the period of 2020-2024 remained strong at 25.6%. This data indicates a stable demand for aircraft gearboxes in Latvia, with key suppliers maintaining their positions in the market. The industry is likely to continue evolving as these trends shape the import landscape.

1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Latvia Aircraft Gearbox Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Aircraft Gearbox Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Aircraft Gearbox Market - Industry Life Cycle |
3.4 Latvia Aircraft Gearbox Market - Porter's Five Forces |
3.5 Latvia Aircraft Gearbox Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia Aircraft Gearbox Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Latvia Aircraft Gearbox Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Aircraft Gearbox Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for air travel in Latvia |
4.2.2 Growth in the aviation industry in Europe |
4.2.3 Technological advancements in aircraft gearbox manufacturing |
4.3 Market Restraints |
4.3.1 Regulatory challenges and compliance requirements |
4.3.2 Fluctuating raw material prices |
4.3.3 Competition from international aircraft gearbox manufacturers |
5 Latvia Aircraft Gearbox Market Trends |
6 Latvia Aircraft Gearbox Market Segmentations |
6.1 Latvia Aircraft Gearbox Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Aircraft Gearbox Market Revenues & Volume, By Engine, 2021-2031F |
6.1.3 Latvia Aircraft Gearbox Market Revenues & Volume, By Airframe, 2021-2031F |
6.2 Latvia Aircraft Gearbox Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Aircraft Gearbox Market Revenues & Volume, By Reduction, 2021-2031F |
6.2.3 Latvia Aircraft Gearbox Market Revenues & Volume, By Accessory, 2021-2031F |
6.2.4 Latvia Aircraft Gearbox Market Revenues & Volume, By Actuation, 2021-2031F |
6.2.5 Latvia Aircraft Gearbox Market Revenues & Volume, By Tail Rotor, 2021-2031F |
6.2.6 Latvia Aircraft Gearbox Market Revenues & Volume, By APU, 2021-2031F |
6.3 Latvia Aircraft Gearbox Market, By End User |
6.3.1 Overview and Analysis |
6.3.2 Latvia Aircraft Gearbox Market Revenues & Volume, By OEM, 2021-2031F |
6.3.3 Latvia Aircraft Gearbox Market Revenues & Volume, By Aftermarket, 2021-2031F |
7 Latvia Aircraft Gearbox Market Import-Export Trade Statistics |
7.1 Latvia Aircraft Gearbox Market Export to Major Countries |
7.2 Latvia Aircraft Gearbox Market Imports from Major Countries |
8 Latvia Aircraft Gearbox Market Key Performance Indicators |
8.1 Average lead time for aircraft gearbox production |
8.2 Percentage of aircraft gearbox failures in the Latvian aviation industry |
8.3 Adoption rate of innovative aircraft gearbox technologies in Latvia |
9 Latvia Aircraft Gearbox Market - Opportunity Assessment |
9.1 Latvia Aircraft Gearbox Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia Aircraft Gearbox Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Latvia Aircraft Gearbox Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Aircraft Gearbox Market - Competitive Landscape |
10.1 Latvia Aircraft Gearbox Market Revenue Share, By Companies, 2024 |
10.2 Latvia Aircraft Gearbox Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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