| Product Code: ETC5868660 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
The automotive engine and engine mounts import shipments to Latvia in 2024 continued to be dominated by top exporting countries such as Germany, Poland, Lithuania, Estonia, and Italy. The High Herfindahl-Hirschman Index (HHI) indicates a high concentration of imports in the market. With a compound annual growth rate (CAGR) of 4.55% from 2020 to 2024, the industry shows steady growth. The growth rate from 2023 to 2024 at 6.5% signifies a positive momentum in the market, reflecting a favorable outlook for the automotive engine and engine mounts import industry in Latvia.
engine mounts market
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 Automotive Engine , Engine Mounts Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Automotive Engine , Engine Mounts Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Automotive Engine , Engine Mounts Market - Industry Life Cycle |
3.4 Latvia Automotive Engine , Engine Mounts Market - Porter's Five Forces |
3.5 Latvia Automotive Engine , Engine Mounts Market Revenues & Volume Share, By Fuel Type, 2021 & 2031F |
3.6 Latvia Automotive Engine , Engine Mounts Market Revenues & Volume Share, By Engine Type, 2021 & 2031F |
3.7 Latvia Automotive Engine , Engine Mounts Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Latvia Automotive Engine , Engine Mounts Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growing demand for fuel-efficient vehicles driving the need for advanced automotive engines and engine mounts. |
4.2.2 Technological advancements in automotive engines leading to increased replacement and upgrades of engine mounts. |
4.2.3 Increasing focus on reducing vehicle noise and vibration enhancing the demand for high-quality engine mounts. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the manufacturing cost of engine mounts. |
4.3.2 Stringent emission regulations leading to higher production costs for automotive engines and engine mounts. |
4.3.3 Economic uncertainties affecting consumer spending on automotive products. |
5 Latvia Automotive Engine , Engine Mounts Market Trends |
6 Latvia Automotive Engine , Engine Mounts Market Segmentations |
6.1 Latvia Automotive Engine , Engine Mounts Market, By Fuel Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Automotive Engine , Engine Mounts Market Revenues & Volume, By Gasoline, 2021-2031F |
6.1.3 Latvia Automotive Engine , Engine Mounts Market Revenues & Volume, By Diesel, 2021-2031F |
6.1.4 Latvia Automotive Engine , Engine Mounts Market Revenues & Volume, By Natural Gas, 2021-2031F |
6.1.5 Latvia Automotive Engine , Engine Mounts Market Revenues & Volume, By Hybrid, 2021-2031F |
6.2 Latvia Automotive Engine , Engine Mounts Market, By Engine Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Automotive Engine , Engine Mounts Market Revenues & Volume, By L4, 2021-2031F |
6.2.3 Latvia Automotive Engine , Engine Mounts Market Revenues & Volume, By L6, 2021-2031F |
6.2.4 Latvia Automotive Engine , Engine Mounts Market Revenues & Volume, By V6, 2021-2031F |
6.2.5 Latvia Automotive Engine , Engine Mounts Market Revenues & Volume, By V8, 2021-2031F |
6.3 Latvia Automotive Engine , Engine Mounts Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Automotive Engine , Engine Mounts Market Revenues & Volume, By PC, 2021-2031F |
6.3.3 Latvia Automotive Engine , Engine Mounts Market Revenues & Volume, By LCV, 2021-2031F |
6.3.4 Latvia Automotive Engine , Engine Mounts Market Revenues & Volume, By HCV, 2021-2031F |
6.3.5 Latvia Automotive Engine , Engine Mounts Market Revenues & Volume, By Two-Wheeler, 2021-2031F |
7 Latvia Automotive Engine , Engine Mounts Market Import-Export Trade Statistics |
7.1 Latvia Automotive Engine , Engine Mounts Market Export to Major Countries |
7.2 Latvia Automotive Engine , Engine Mounts Market Imports from Major Countries |
8 Latvia Automotive Engine , Engine Mounts Market Key Performance Indicators |
8.1 Average age of vehicles in Latvia (indicating potential market size for engine mounts replacement). |
8.2 Number of new vehicle registrations (reflecting the demand for automotive engines). |
8.3 Adoption rate of electric and hybrid vehicles (impacting the demand for engine mounts). |
9 Latvia Automotive Engine , Engine Mounts Market - Opportunity Assessment |
9.1 Latvia Automotive Engine , Engine Mounts Market Opportunity Assessment, By Fuel Type, 2021 & 2031F |
9.2 Latvia Automotive Engine , Engine Mounts Market Opportunity Assessment, By Engine Type, 2021 & 2031F |
9.3 Latvia Automotive Engine , Engine Mounts Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Latvia Automotive Engine , Engine Mounts Market - Competitive Landscape |
10.1 Latvia Automotive Engine , Engine Mounts Market Revenue Share, By Companies, 2024 |
10.2 Latvia Automotive Engine , Engine Mounts 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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