| Product Code: ETC7905390 | 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 |
In 2024, Latvia saw a steady rise in automotive plastic fastener imports, with top exporters being Germany, Poland, China, Lithuania, and Italy. Despite the diverse sources, the market remains highly competitive with a low Herfindahl-Hirschman Index (HHI) indicating minimal concentration. The compound annual growth rate (CAGR) from 2020-24 stood at a healthy 7.82%, although there was a slight downturn in the growth rate from 2023-24 at -11.37%. This data suggests a dynamic market landscape with opportunities for both local as well as international suppliers to tap into Latvia`s automotive sector.

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 Plastic Fasteners Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Automotive Plastic Fasteners Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Automotive Plastic Fasteners Market - Industry Life Cycle |
3.4 Latvia Automotive Plastic Fasteners Market - Porter's Five Forces |
3.5 Latvia Automotive Plastic Fasteners Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.6 Latvia Automotive Plastic Fasteners Market Revenues & Volume Share, By Function, 2021 & 2031F |
3.7 Latvia Automotive Plastic Fasteners Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Latvia Automotive Plastic Fasteners Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing adoption of lightweight materials in automotive manufacturing to enhance fuel efficiency and reduce emissions |
4.2.2 Growing automotive industry in Latvia, leading to higher demand for automotive plastic fasteners |
4.2.3 Rising focus on sustainability and recyclability, driving the use of plastic fasteners over traditional metal fasteners |
4.3 Market Restraints |
4.3.1 Volatility in raw material prices impacting the production cost of plastic fasteners |
4.3.2 Stringent regulations related to plastic usage and recycling, affecting the market growth |
4.3.3 Intense competition from metal fasteners and alternative joining technologies |
5 Latvia Automotive Plastic Fasteners Market Trends |
6 Latvia Automotive Plastic Fasteners Market, By Types |
6.1 Latvia Automotive Plastic Fasteners Market, By Application |
6.1.1 Overview and Analysis |
6.1.2 Latvia Automotive Plastic Fasteners Market Revenues & Volume, By Application, 2021- 2031F |
6.1.3 Latvia Automotive Plastic Fasteners Market Revenues & Volume, By Interior, 2021- 2031F |
6.1.4 Latvia Automotive Plastic Fasteners Market Revenues & Volume, By Exterior, 2021- 2031F |
6.1.5 Latvia Automotive Plastic Fasteners Market Revenues & Volume, By Electronics, 2021- 2031F |
6.1.6 Latvia Automotive Plastic Fasteners Market Revenues & Volume, By Powertrain, 2021- 2031F |
6.1.7 Latvia Automotive Plastic Fasteners Market Revenues & Volume, By Chassis, 2021- 2031F |
6.1.8 Latvia Automotive Plastic Fasteners Market Revenues & Volume, By Wire harnessing, 2021- 2031F |
6.2 Latvia Automotive Plastic Fasteners Market, By Function |
6.2.1 Overview and Analysis |
6.2.2 Latvia Automotive Plastic Fasteners Market Revenues & Volume, By Bonding, 2021- 2031F |
6.2.3 Latvia Automotive Plastic Fasteners Market Revenues & Volume, By NVH, 2021- 2031F |
6.3 Latvia Automotive Plastic Fasteners Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Automotive Plastic Fasteners Market Revenues & Volume, By Passenger cars, 2021- 2031F |
6.3.3 Latvia Automotive Plastic Fasteners Market Revenues & Volume, By LCVs, 2021- 2031F |
7 Latvia Automotive Plastic Fasteners Market Import-Export Trade Statistics |
7.1 Latvia Automotive Plastic Fasteners Market Export to Major Countries |
7.2 Latvia Automotive Plastic Fasteners Market Imports from Major Countries |
8 Latvia Automotive Plastic Fasteners Market Key Performance Indicators |
8.1 Percentage increase in the use of plastic fasteners in new vehicle models |
8.2 Number of partnerships or collaborations between automotive manufacturers and plastic fastener suppliers |
8.3 Percentage growth in the recycling rate of plastic fasteners in the automotive sector |
8.4 Adoption rate of innovative plastic fastener technologies in the automotive industry |
8.5 Rate of investment in research and development for new plastic fastener solutions in Latvia |
9 Latvia Automotive Plastic Fasteners Market - Opportunity Assessment |
9.1 Latvia Automotive Plastic Fasteners Market Opportunity Assessment, By Application, 2021 & 2031F |
9.2 Latvia Automotive Plastic Fasteners Market Opportunity Assessment, By Function, 2021 & 2031F |
9.3 Latvia Automotive Plastic Fasteners Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Latvia Automotive Plastic Fasteners Market - Competitive Landscape |
10.1 Latvia Automotive Plastic Fasteners Market Revenue Share, By Companies, 2024 |
10.2 Latvia Automotive Plastic Fasteners Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |