Latvia Automotive in Wheel Motors Market (2025-2031) | Outlook, Segmentation, Value, Forecast, Size & Revenue, Industry, Companies, Analysis, Share, Growth, Competitive Landscape, Trends
Market Forecast By Component (Suspension, Rotor and Stator, Wheel Bearings, Regenerative Braking System), By Cooling Type (Air Cooling, Liquid Cooling), By Motor Type (Axial Flux Motor, Radial Flux Motor), By Power Output (Up to 60 KW, 60-90 KW, Above 90 KW), By Propulsion Type (Battery Electric Vehicle (BEV), Fuel Cell Electric Vehicle (FCEV), Hybrid Electric Vehicle (HEV), Plug-In Hybrid Electric Vehicle (PHEV)), By Vehicle Type (Passenger Cars, Light Commercial Vehicles (LCVs), Heavy Commercial Vehicles (HCVs)) And Competitive Landscape
| Product Code: ETC7905543 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Vasudha | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
Latvia Automotive in Wheel Motors Market Top 5 Importing Countries and Market Competition (HHI) Analysis
Latvia`s automotive in-wheel motor import shipments saw significant growth in 2024, with key exporting countries being China, Germany, USA, Lithuania, and Poland. The market concentration, as measured by the HHI, shifted from low to moderate concentration, indicating a changing competitive landscape. The compound annual growth rate (CAGR) for the period 2020-2024 was 2.12%, while the growth rate from 2023 to 2024 stood at an impressive 10.03%. These trends suggest a rising demand for automotive in-wheel motors in Latvia, driven by imports from a diverse range of countries.
Key Highlights of the Report:
- Latvia Automotive in Wheel Motors Market Outlook
- Market Size of Latvia Automotive in Wheel Motors Market, 2024
- Forecast of Latvia Automotive in Wheel Motors Market, 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Revenues & Volume for the Period 2021- 2031
- Latvia Automotive in Wheel Motors Market Trend Evolution
- Latvia Automotive in Wheel Motors Market Drivers and Challenges
- Latvia Automotive in Wheel Motors Price Trends
- Latvia Automotive in Wheel Motors Porter's Five Forces
- Latvia Automotive in Wheel Motors Industry Life Cycle
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Component for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Suspension for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Rotor and Stator for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Wheel Bearings for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Regenerative Braking System for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Cooling Type for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Air Cooling for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Liquid Cooling for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Motor Type for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Axial Flux Motor for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Radial Flux Motor for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Power Output for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Up to 60 KW for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By 60-90 KW for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Above 90 KW for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Propulsion Type for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Battery Electric Vehicle (BEV) for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Fuel Cell Electric Vehicle (FCEV) for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Hybrid Electric Vehicle (HEV) for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Plug-In Hybrid Electric Vehicle (PHEV) for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Vehicle Type for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Passenger Cars for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Light Commercial Vehicles (LCVs) for the Period 2021- 2031
- Historical Data and Forecast of Latvia Automotive in Wheel Motors Market Revenues & Volume By Heavy Commercial Vehicles (HCVs) for the Period 2021- 2031
- Latvia Automotive in Wheel Motors Import Export Trade Statistics
- Market Opportunity Assessment By Component
- Market Opportunity Assessment By Cooling Type
- Market Opportunity Assessment By Motor Type
- Market Opportunity Assessment By Power Output
- Market Opportunity Assessment By Propulsion Type
- Market Opportunity Assessment By Vehicle Type
- Latvia Automotive in Wheel Motors Top Companies Market Share
- Latvia Automotive in Wheel Motors Competitive Benchmarking By Technical and Operational Parameters
- Latvia Automotive in Wheel Motors Company Profiles
- Latvia Automotive in Wheel Motors Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Automotive in Wheel Motors 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 Automotive in Wheel Motors 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 Automotive in Wheel Motors Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Automotive in Wheel Motors Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Automotive in Wheel Motors Market - Industry Life Cycle |
3.4 Latvia Automotive in Wheel Motors Market - Porter's Five Forces |
3.5 Latvia Automotive in Wheel Motors Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.6 Latvia Automotive in Wheel Motors Market Revenues & Volume Share, By Cooling Type, 2021 & 2031F |
3.7 Latvia Automotive in Wheel Motors Market Revenues & Volume Share, By Motor Type, 2021 & 2031F |
3.8 Latvia Automotive in Wheel Motors Market Revenues & Volume Share, By Power Output, 2021 & 2031F |
3.9 Latvia Automotive in Wheel Motors Market Revenues & Volume Share, By Propulsion Type, 2021 & 2031F |
3.10 Latvia Automotive in Wheel Motors Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Latvia Automotive in Wheel Motors Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for electric vehicles in Latvia |
4.2.2 Government initiatives promoting sustainable transportation solutions |
4.2.3 Technological advancements in automotive in-wheel motors |
4.3 Market Restraints |
4.3.1 High initial costs of implementing in-wheel motors in vehicles |
4.3.2 Limited availability of charging infrastructure for electric vehicles in Latvia |
5 Latvia Automotive in Wheel Motors Market Trends |
6 Latvia Automotive in Wheel Motors Market, By Types |
6.1 Latvia Automotive in Wheel Motors Market, By Component |
6.1.1 Overview and Analysis |
6.1.2 Latvia Automotive in Wheel Motors Market Revenues & Volume, By Component, 2021- 2031F |
6.1.3 Latvia Automotive in Wheel Motors Market Revenues & Volume, By Suspension, 2021- 2031F |
6.1.4 Latvia Automotive in Wheel Motors Market Revenues & Volume, By Rotor and Stator, 2021- 2031F |
6.1.5 Latvia Automotive in Wheel Motors Market Revenues & Volume, By Wheel Bearings, 2021- 2031F |
6.1.6 Latvia Automotive in Wheel Motors Market Revenues & Volume, By Regenerative Braking System, 2021- 2031F |
6.2 Latvia Automotive in Wheel Motors Market, By Cooling Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Automotive in Wheel Motors Market Revenues & Volume, By Air Cooling, 2021- 2031F |
6.2.3 Latvia Automotive in Wheel Motors Market Revenues & Volume, By Liquid Cooling, 2021- 2031F |
6.3 Latvia Automotive in Wheel Motors Market, By Motor Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Automotive in Wheel Motors Market Revenues & Volume, By Axial Flux Motor, 2021- 2031F |
6.3.3 Latvia Automotive in Wheel Motors Market Revenues & Volume, By Radial Flux Motor, 2021- 2031F |
6.4 Latvia Automotive in Wheel Motors Market, By Power Output |
6.4.1 Overview and Analysis |
6.4.2 Latvia Automotive in Wheel Motors Market Revenues & Volume, By Up to 60 KW, 2021- 2031F |
6.4.3 Latvia Automotive in Wheel Motors Market Revenues & Volume, By 60-90 KW, 2021- 2031F |
6.4.4 Latvia Automotive in Wheel Motors Market Revenues & Volume, By Above 90 KW, 2021- 2031F |
6.5 Latvia Automotive in Wheel Motors Market, By Propulsion Type |
6.5.1 Overview and Analysis |
6.5.2 Latvia Automotive in Wheel Motors Market Revenues & Volume, By Battery Electric Vehicle (BEV), 2021- 2031F |
6.5.3 Latvia Automotive in Wheel Motors Market Revenues & Volume, By Fuel Cell Electric Vehicle (FCEV), 2021- 2031F |
6.5.4 Latvia Automotive in Wheel Motors Market Revenues & Volume, By Hybrid Electric Vehicle (HEV), 2021- 2031F |
6.5.5 Latvia Automotive in Wheel Motors Market Revenues & Volume, By Plug-In Hybrid Electric Vehicle (PHEV), 2021- 2031F |
6.6 Latvia Automotive in Wheel Motors Market, By Vehicle Type |
6.6.1 Overview and Analysis |
6.6.2 Latvia Automotive in Wheel Motors Market Revenues & Volume, By Passenger Cars, 2021- 2031F |
6.6.3 Latvia Automotive in Wheel Motors Market Revenues & Volume, By Light Commercial Vehicles (LCVs), 2021- 2031F |
6.6.4 Latvia Automotive in Wheel Motors Market Revenues & Volume, By Heavy Commercial Vehicles (HCVs), 2021- 2031F |
7 Latvia Automotive in Wheel Motors Market Import-Export Trade Statistics |
7.1 Latvia Automotive in Wheel Motors Market Export to Major Countries |
7.2 Latvia Automotive in Wheel Motors Market Imports from Major Countries |
8 Latvia Automotive in Wheel Motors Market Key Performance Indicators |
8.1 Average battery range of electric vehicles using in-wheel motors |
8.2 Number of public charging stations in Latvia |
8.3 Adoption rate of electric vehicles with in-wheel motors in the automotive market |
9 Latvia Automotive in Wheel Motors Market - Opportunity Assessment |
9.1 Latvia Automotive in Wheel Motors Market Opportunity Assessment, By Component, 2021 & 2031F |
9.2 Latvia Automotive in Wheel Motors Market Opportunity Assessment, By Cooling Type, 2021 & 2031F |
9.3 Latvia Automotive in Wheel Motors Market Opportunity Assessment, By Motor Type, 2021 & 2031F |
9.4 Latvia Automotive in Wheel Motors Market Opportunity Assessment, By Power Output, 2021 & 2031F |
9.5 Latvia Automotive in Wheel Motors Market Opportunity Assessment, By Propulsion Type, 2021 & 2031F |
9.6 Latvia Automotive in Wheel Motors Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Latvia Automotive in Wheel Motors Market - Competitive Landscape |
10.1 Latvia Automotive in Wheel Motors Market Revenue Share, By Companies, 2024 |
10.2 Latvia Automotive in Wheel Motors Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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