| Product Code: ETC7905271 | Publication Date: Sep 2024 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia`s automotive heating, ventilation, and air conditioning (HVAC) import shipments in 2024 saw significant contributions from top exporters such as China, Lithuania, Sweden, Estonia, and Belgium. With a moderate concentration level indicated by the Herfindahl-Hirschman Index (HHI), the market appears to be relatively competitive. The impressive compound annual growth rate (CAGR) of 13.43% from 2020 to 2024 reflects a strong upward trend in demand for HVAC products in the Latvian automotive sector. Although the growth rate slowed slightly in 2024 to 1.02%, the overall market outlook remains positive for both domestic and international suppliers.
ventilation
and air conditioning (hvac) 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 Heating, Ventilation, and Air Conditioning (HVAC) Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market - Industry Life Cycle |
3.4 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market - Porter's Five Forces |
3.5 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenues & Volume Share, By Technology, 2021 & 2031F |
3.6 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.8 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for comfort and convenience features in vehicles |
4.2.2 Growing automotive industry in Latvia |
4.2.3 Rising disposable income leading to higher spending on automotive HVAC systems |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting manufacturing costs |
4.3.2 Stringent government regulations on emissions and energy efficiency standards |
4.3.3 Competition from alternative cooling technologies such as electric vehicles |
5 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Trends |
6 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market, By Types |
6.1 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market, By Technology |
6.1.1 Overview and Analysis |
6.1.2 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenues & Volume, By Technology, 2021- 2031F |
6.1.3 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenues & Volume, By Manual, 2021- 2031F |
6.1.4 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenues & Volume, By Automatic, 2021- 2031F |
6.2 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenues & Volume, By Passenger Vehicle, 2021- 2031F |
6.2.3 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenues & Volume, By Commercial Vehicle, 2021- 2031F |
6.2.4 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenues & Volume, By Light Commercial Vehicles, 2021- 2031F |
6.2.5 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenues & Volume, By Heavy Commercial Vehicles, 2021- 2031F |
6.2.6 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenues & Volume, By Electric Vehicle, 2021- 2031F |
6.3 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market, By Component |
6.3.1 Overview and Analysis |
6.3.2 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenues & Volume, By Compressor, 2021- 2031F |
6.3.3 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenues & Volume, By Evaporator, 2021- 2031F |
6.3.4 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenues & Volume, By Receiver, 2021- 2031F |
6.3.5 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenues & Volume, By Condenser, 2021- 2031F |
6.3.6 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenues & Volume, By Others, 2021- 2031F |
6.4 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market, By Distribution Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenues & Volume, By OEMs, 2021- 2031F |
6.4.3 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenues & Volume, By Aftermarket, 2021- 2031F |
7 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Import-Export Trade Statistics |
7.1 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Export to Major Countries |
7.2 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Imports from Major Countries |
8 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Key Performance Indicators |
8.1 Adoption rate of advanced HVAC technologies in new vehicles |
8.2 Average age of vehicles in Latvia equipped with HVAC systems |
8.3 Number of HVAC system installations in commercial vehicles in Latvia |
9 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market - Opportunity Assessment |
9.1 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Opportunity Assessment, By Technology, 2021 & 2031F |
9.2 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.3 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Opportunity Assessment, By Component, 2021 & 2031F |
9.4 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market - Competitive Landscape |
10.1 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Revenue Share, By Companies, 2024 |
10.2 Latvia Automotive Heating, Ventilation, and Air Conditioning (HVAC) Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |