| Product Code: ETC7905303 | 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 |
The import shipments of automotive key blanks to Latvia in 2024 show a notable increase in concentration compared to the previous year, with key exporting countries being Poland, Italy, Spain, Lithuania, and Germany. The industry experienced a steady growth rate with a CAGR of 0.18 from 2020 to 2024, and a remarkable growth spurt of 46.18 from 2023 to 2024. This data indicates a dynamic market landscape and a growing demand for automotive key blanks in Latvia, potentially driven by technological advancements and evolving consumer preferences.

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 Key Blanks Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Automotive Key Blanks Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Automotive Key Blanks Market - Industry Life Cycle |
3.4 Latvia Automotive Key Blanks Market - Porter's Five Forces |
3.5 Latvia Automotive Key Blanks Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Automotive Key Blanks Market Revenues & Volume Share, By Material Type, 2021 & 2031F |
3.7 Latvia Automotive Key Blanks Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.8 Latvia Automotive Key Blanks Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Latvia Automotive Key Blanks Market Revenues & Volume Share, By Distribution Channel, 2021 & 2031F |
4 Latvia Automotive Key Blanks Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for automotive key replacement due to rising car ownership in Latvia |
4.2.2 Technological advancements in key blank manufacturing leading to higher quality and precision |
4.2.3 Growing focus on vehicle security and anti-theft measures driving the need for advanced key blanks |
4.3 Market Restraints |
4.3.1 Price volatility of raw materials impacting production costs |
4.3.2 Competition from alternative security technologies such as keyless entry systems |
4.3.3 Economic fluctuations affecting consumer spending on key replacement services |
5 Latvia Automotive Key Blanks Market Trends |
6 Latvia Automotive Key Blanks Market, By Types |
6.1 Latvia Automotive Key Blanks Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Automotive Key Blanks Market Revenues & Volume, By Product Type, 2021- 2031F |
6.1.3 Latvia Automotive Key Blanks Market Revenues & Volume, By Plastic and Metal Head, 2021- 2031F |
6.1.4 Latvia Automotive Key Blanks Market Revenues & Volume, By Transponder Technology, 2021- 2031F |
6.2 Latvia Automotive Key Blanks Market, By Material Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Automotive Key Blanks Market Revenues & Volume, By Brass, 2021- 2031F |
6.2.3 Latvia Automotive Key Blanks Market Revenues & Volume, By Nickel Silver, 2021- 2031F |
6.2.4 Latvia Automotive Key Blanks Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Automotive Key Blanks Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Automotive Key Blanks Market Revenues & Volume, By Passenger Vehicle, 2021- 2031F |
6.3.3 Latvia Automotive Key Blanks Market Revenues & Volume, By Light Commercial Vehicle, 2021- 2031F |
6.3.4 Latvia Automotive Key Blanks Market Revenues & Volume, By Heavy Commercial Vehicle, 2021- 2031F |
6.4 Latvia Automotive Key Blanks Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Automotive Key Blanks Market Revenues & Volume, By Compact Cars, 2021- 2031F |
6.4.3 Latvia Automotive Key Blanks Market Revenues & Volume, By Mid-Size Cars, 2021- 2031F |
6.4.4 Latvia Automotive Key Blanks Market Revenues & Volume, By SUVs, 2021- 2031F |
6.4.5 Latvia Automotive Key Blanks Market Revenues & Volume, By Luxury Cars, 2021- 2031F |
6.4.6 Latvia Automotive Key Blanks Market Revenues & Volume, By LCVs, 2021- 2031F |
6.5 Latvia Automotive Key Blanks Market, By Distribution Channel |
6.5.1 Overview and Analysis |
6.5.2 Latvia Automotive Key Blanks Market Revenues & Volume, By Original Equipment Manufacturer (OEM), 2021- 2031F |
6.5.3 Latvia Automotive Key Blanks Market Revenues & Volume, By Aftermarket, 2021- 2031F |
7 Latvia Automotive Key Blanks Market Import-Export Trade Statistics |
7.1 Latvia Automotive Key Blanks Market Export to Major Countries |
7.2 Latvia Automotive Key Blanks Market Imports from Major Countries |
8 Latvia Automotive Key Blanks Market Key Performance Indicators |
8.1 Average selling price of key blanks |
8.2 Rate of adoption of key blank technology upgrades by locksmiths and automotive dealerships |
8.3 Number of new car registrations in Latvia as an indicator of potential key blank demand |
9 Latvia Automotive Key Blanks Market - Opportunity Assessment |
9.1 Latvia Automotive Key Blanks Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Automotive Key Blanks Market Opportunity Assessment, By Material Type, 2021 & 2031F |
9.3 Latvia Automotive Key Blanks Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.4 Latvia Automotive Key Blanks Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Latvia Automotive Key Blanks Market Opportunity Assessment, By Distribution Channel, 2021 & 2031F |
10 Latvia Automotive Key Blanks Market - Competitive Landscape |
10.1 Latvia Automotive Key Blanks Market Revenue Share, By Companies, 2024 |
10.2 Latvia Automotive Key Blanks Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |