Latvia Aluminum Forging Market (2025-2031) | Size & Revenue, Trends, Industry, Share, Forecast, Value, Segmentation, Growth, Analysis, Outlook, Companies, Competitive Landscape

Market Forecast By Forging Type (Open Die Forging, Close Die Forging, ARing Rolled Forging), By End-user Industry (Aerospace and Defense, Automotive and Transportation, Industrial Machinery, Construction, Other End-User Industries) And Competitive Landscape
Product Code: ETC7904337 Publication Date: Sep 2024 Updated Date: Nov 2025 Product Type: Market Research Report
Publisher: 6Wresearch Author: Sumit Sagar No. of Pages: 75 No. of Figures: 35 No. of Tables: 20

Latvia Aluminum Forging Market Top 5 Importing Countries and Market Competition (HHI) Analysis

In 2024, Latvia continued to see significant imports of aluminum forgings, with top suppliers including China, Lithuania, Germany, Poland, and Sweden. The market remained highly concentrated, as indicated by the high Herfindahl-Hirschman Index (HHI). Despite a slight decline in growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the 2020-2024 period was robust at 19.85%. This suggests a steady demand for aluminum forgings in Latvia, with key importing countries playing a crucial role in meeting this demand.

Latvia Aluminum Forging Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Key Highlights of the Report:

  • Latvia Aluminum Forging Market Outlook
  • Market Size of Latvia Aluminum Forging Market, 2024
  • Forecast of Latvia Aluminum Forging Market, 2031
  • Historical Data and Forecast of Latvia Aluminum Forging Revenues & Volume for the Period 2021- 2031
  • Latvia Aluminum Forging Market Trend Evolution
  • Latvia Aluminum Forging Market Drivers and Challenges
  • Latvia Aluminum Forging Price Trends
  • Latvia Aluminum Forging Porter's Five Forces
  • Latvia Aluminum Forging Industry Life Cycle
  • Historical Data and Forecast of Latvia Aluminum Forging Market Revenues & Volume By Forging Type for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Aluminum Forging Market Revenues & Volume By Open Die Forging for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Aluminum Forging Market Revenues & Volume By Close Die Forging for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Aluminum Forging Market Revenues & Volume By ARing Rolled Forging for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Aluminum Forging Market Revenues & Volume By End-user Industry for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Aluminum Forging Market Revenues & Volume By Aerospace and Defense for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Aluminum Forging Market Revenues & Volume By Automotive and Transportation for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Aluminum Forging Market Revenues & Volume By Industrial Machinery for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Aluminum Forging Market Revenues & Volume By Construction for the Period 2021- 2031
  • Historical Data and Forecast of Latvia Aluminum Forging Market Revenues & Volume By Other End-User Industries for the Period 2021- 2031
  • Latvia Aluminum Forging Import Export Trade Statistics
  • Market Opportunity Assessment By Forging Type
  • Market Opportunity Assessment By End-user Industry
  • Latvia Aluminum Forging Top Companies Market Share
  • Latvia Aluminum Forging Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Aluminum Forging Company Profiles
  • Latvia Aluminum Forging Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Latvia Aluminum Forging Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Aluminum Forging Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com

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 Aluminum Forging Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Aluminum Forging Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Aluminum Forging Market - Industry Life Cycle

3.4 Latvia Aluminum Forging Market - Porter's Five Forces

3.5 Latvia Aluminum Forging Market Revenues & Volume Share, By Forging Type, 2021 & 2031F

3.6 Latvia Aluminum Forging Market Revenues & Volume Share, By End-user Industry, 2021 & 2031F

4 Latvia Aluminum Forging Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for lightweight and high-strength components in automotive and aerospace industries

4.2.2 Growing focus on sustainable manufacturing practices and the use of recyclable materials

4.2.3 Technological advancements in aluminum forging processes leading to improved efficiency and product quality

4.3 Market Restraints

4.3.1 Fluctuating prices of raw materials impacting production costs

4.3.2 Intense competition from other materials like steel and composites

4.3.3 Regulatory challenges related to environmental standards and emissions control

5 Latvia Aluminum Forging Market Trends

6 Latvia Aluminum Forging Market, By Types

6.1 Latvia Aluminum Forging Market, By Forging Type

6.1.1 Overview and Analysis

6.1.2 Latvia Aluminum Forging Market Revenues & Volume, By Forging Type, 2021- 2031F

6.1.3 Latvia Aluminum Forging Market Revenues & Volume, By Open Die Forging, 2021- 2031F

6.1.4 Latvia Aluminum Forging Market Revenues & Volume, By Close Die Forging, 2021- 2031F

6.1.5 Latvia Aluminum Forging Market Revenues & Volume, By ARing Rolled Forging, 2021- 2031F

6.2 Latvia Aluminum Forging Market, By End-user Industry

6.2.1 Overview and Analysis

6.2.2 Latvia Aluminum Forging Market Revenues & Volume, By Aerospace and Defense, 2021- 2031F

6.2.3 Latvia Aluminum Forging Market Revenues & Volume, By Automotive and Transportation, 2021- 2031F

6.2.4 Latvia Aluminum Forging Market Revenues & Volume, By Industrial Machinery, 2021- 2031F

6.2.5 Latvia Aluminum Forging Market Revenues & Volume, By Construction, 2021- 2031F

6.2.6 Latvia Aluminum Forging Market Revenues & Volume, By Other End-User Industries, 2021- 2031F

7 Latvia Aluminum Forging Market Import-Export Trade Statistics

7.1 Latvia Aluminum Forging Market Export to Major Countries

7.2 Latvia Aluminum Forging Market Imports from Major Countries

8 Latvia Aluminum Forging Market Key Performance Indicators

8.1 Scrap rate percentage in aluminum forging processes

8.2 Energy consumption per unit of output

8.3 Percentage of recycled aluminum used in forging operations

8.4 Percentage of defect-free products manufactured

8.5 Average turnaround time from order placement to product delivery

9 Latvia Aluminum Forging Market - Opportunity Assessment

9.1 Latvia Aluminum Forging Market Opportunity Assessment, By Forging Type, 2021 & 2031F

9.2 Latvia Aluminum Forging Market Opportunity Assessment, By End-user Industry, 2021 & 2031F

10 Latvia Aluminum Forging Market - Competitive Landscape

10.1 Latvia Aluminum Forging Market Revenue Share, By Companies, 2024

10.2 Latvia Aluminum Forging Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Pricing
  • Single User License
    $ 1,995
  • Department License
    $ 2,400
  • Site License
    $ 3,120
  • Global License
    $ 3,795
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Thought Leadership and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Related Reports

Industry Events and Analyst Meet

Whitepaper

Read All