| Product Code: ETC5165109 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
Latvia`s automotive gears import market saw significant growth with a high concentration of top exporters like Czechia, Italy, and Germany in 2024. Despite a decline in growth rate from 2023 to 2024, the impressive CAGR of 26.96 over the period from 2020 to 2024 indicates a strong overall upward trend. The market is experiencing some consolidation with the Herfindahl-Hirschman Index (HHI) showing a shift from very high concentration in 2023 to high concentration in 2024, suggesting a more competitive landscape. This indicates potential opportunities and challenges for both domestic and international players in the Latvian automotive gears 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 Gears Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Automotive Gears Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Automotive Gears Market - Industry Life Cycle |
3.4 Latvia Automotive Gears Market - Porter's Five Forces |
3.5 Latvia Automotive Gears Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia Automotive Gears Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.7 Latvia Automotive Gears Market Revenues & Volume Share, By Material, 2021 & 2031F |
4 Latvia Automotive Gears Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fuel-efficient vehicles driving the need for advanced automotive gears. |
4.2.2 Technological advancements in automotive gear manufacturing leading to improved performance and durability. |
4.2.3 Growth in the automotive industry in Latvia, leading to higher demand for automotive gears. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices impacting the cost of production of automotive gears. |
4.3.2 Stringent regulations related to emissions and safety standards increasing manufacturing costs. |
4.3.3 Economic uncertainties affecting consumer purchasing power and overall demand for vehicles. |
5 Latvia Automotive Gears Market Trends |
6 Latvia Automotive Gears Market Segmentations |
6.1 Latvia Automotive Gears Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Automotive Gears Market Revenues & Volume, By Transmission, 2021-2031F |
6.1.3 Latvia Automotive Gears Market Revenues & Volume, By Differential, 2021-2031F |
6.1.4 Latvia Automotive Gears Market Revenues & Volume, By Steering System, 2021-2031F |
6.1.5 Latvia Automotive Gears Market Revenues & Volume, By Other, 2021-2031F |
6.2 Latvia Automotive Gears Market, By Product Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Automotive Gears Market Revenues & Volume, By Planetary, 2021-2031F |
6.2.3 Latvia Automotive Gears Market Revenues & Volume, By Bevel, 2021-2031F |
6.2.4 Latvia Automotive Gears Market Revenues & Volume, By Rack & Pinion, 2021-2031F |
6.2.5 Latvia Automotive Gears Market Revenues & Volume, By Hypoid, 2021-2031F |
6.2.6 Latvia Automotive Gears Market Revenues & Volume, By Worm, 2021-2031F |
6.2.7 Latvia Automotive Gears Market Revenues & Volume, By Helical, 2021-2031F |
6.2.8 Latvia Automotive Gears Market Revenues & Volume, By , 2021-2031F |
6.2.9 Latvia Automotive Gears Market Revenues & Volume, By , 2021-2031F |
6.3 Latvia Automotive Gears Market, By Material |
6.3.1 Overview and Analysis |
6.3.2 Latvia Automotive Gears Market Revenues & Volume, By Metallic, 2021-2031F |
6.3.3 Latvia Automotive Gears Market Revenues & Volume, By Non-Metallic, 2021-2031F |
7 Latvia Automotive Gears Market Import-Export Trade Statistics |
7.1 Latvia Automotive Gears Market Export to Major Countries |
7.2 Latvia Automotive Gears Market Imports from Major Countries |
8 Latvia Automotive Gears Market Key Performance Indicators |
8.1 Average fuel efficiency improvement in vehicles using advanced automotive gears. |
8.2 Adoption rate of new technologies in automotive gear manufacturing processes. |
8.3 Percentage increase in the number of vehicles produced in Latvia. |
8.4 Number of new product developments and innovations in automotive gears. |
8.5 Rate of compliance with emissions and safety standards in automotive gear manufacturing. |
9 Latvia Automotive Gears Market - Opportunity Assessment |
9.1 Latvia Automotive Gears Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia Automotive Gears Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.3 Latvia Automotive Gears Market Opportunity Assessment, By Material, 2021 & 2031F |
10 Latvia Automotive Gears Market - Competitive Landscape |
10.1 Latvia Automotive Gears Market Revenue Share, By Companies, 2024 |
10.2 Latvia Automotive Gears Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |