Latvia Automotive Wheel Market (2025-2031) | Trends, Value, Analysis, Outlook, Growth, Size, Share, Industry, Forecast, Revenue, Segmentation & Companies

Market Forecast By Rim Size (13-15, 16-18, 19-21, >21 inch), By Material (Steel, Alloy, Carbon Fiber), By Off-highway (Construction & Mining, Agriculture Tractors) And Competitive Landscape
Product Code: ETC5870256 Publication Date: Nov 2023 Updated Date: Oct 2025 Product Type: Market Research Report
Publisher: 6Wresearch No. of Pages: 60 No. of Figures: 30 No. of Tables: 5

Latvia Automotive Wheel Market Top 5 Importing Countries and Market Competition (HHI) Analysis

Latvia`s automotive wheel import shipments in 2024 saw a diverse range of top exporting countries including Germany, Turkey, Poland, Estonia, and Sweden. Despite the varied sources, the market remained competitive with low concentration indicated by the Herfindahl-Hirschman Index (HHI). The compound annual growth rate (CAGR) from 2020 to 2024 was a promising 11.17%, although there was a slight decline in growth rate from 2023 to 2024 at -1.22%. This data suggests a dynamic and evolving market landscape for automotive wheels in Latvia.

Key Highlights of the Report:

  • Latvia Automotive Wheel Market Outlook
  • Market Size of Latvia Automotive Wheel Market, 2024
  • Forecast of Latvia Automotive Wheel Market, 2031
  • Historical Data and Forecast of Latvia Automotive Wheel Revenues & Volume for the Period 2021-2031
  • Latvia Automotive Wheel Market Trend Evolution
  • Latvia Automotive Wheel Market Drivers and Challenges
  • Latvia Automotive Wheel Price Trends
  • Latvia Automotive Wheel Porter`s Five Forces
  • Latvia Automotive Wheel Industry Life Cycle
  • Historical Data and Forecast of Latvia Automotive Wheel Market Revenues & Volume By Rim Size for the Period 2021-2031
  • Historical Data and Forecast of Latvia Automotive Wheel Market Revenues & Volume By 13-15 for the Period 2021-2031
  • Historical Data and Forecast of Latvia Automotive Wheel Market Revenues & Volume By 16-18 for the Period 2021-2031
  • Historical Data and Forecast of Latvia Automotive Wheel Market Revenues & Volume By 19-21 for the Period 2021-2031
  • Historical Data and Forecast of Latvia Automotive Wheel Market Revenues & Volume By >21 inch for the Period 2021-2031
  • Historical Data and Forecast of Latvia Automotive Wheel Market Revenues & Volume By Material for the Period 2021-2031
  • Historical Data and Forecast of Latvia Automotive Wheel Market Revenues & Volume By Steel for the Period 2021-2031
  • Historical Data and Forecast of Latvia Automotive Wheel Market Revenues & Volume By Alloy for the Period 2021-2031
  • Historical Data and Forecast of Latvia Automotive Wheel Market Revenues & Volume By Carbon Fiber for the Period 2021-2031
  • Historical Data and Forecast of Latvia Automotive Wheel Market Revenues & Volume By Off-highway for the Period 2021-2031
  • Historical Data and Forecast of Latvia Automotive Wheel Market Revenues & Volume By Construction & Mining for the Period 2021-2031
  • Historical Data and Forecast of Latvia Automotive Wheel Market Revenues & Volume By Agriculture Tractors for the Period 2021-2031
  • Latvia Automotive Wheel Import Export Trade Statistics
  • Market Opportunity Assessment By Rim Size
  • Market Opportunity Assessment By Material
  • Market Opportunity Assessment By Off-highway
  • Latvia Automotive Wheel Top Companies Market Share
  • Latvia Automotive Wheel Competitive Benchmarking By Technical and Operational Parameters
  • Latvia Automotive Wheel Company Profiles
  • Latvia Automotive Wheel Key Strategic Recommendations

Frequently Asked Questions About the Market Study (FAQs):

6Wresearch actively monitors the Latvia Automotive Wheel 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 Wheel 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 Wheel Market Overview

3.1 Latvia Country Macro Economic Indicators

3.2 Latvia Automotive Wheel Market Revenues & Volume, 2021 & 2031F

3.3 Latvia Automotive Wheel Market - Industry Life Cycle

3.4 Latvia Automotive Wheel Market - Porter's Five Forces

3.5 Latvia Automotive Wheel Market Revenues & Volume Share, By Rim Size, 2021 & 2031F

3.6 Latvia Automotive Wheel Market Revenues & Volume Share, By Material, 2021 & 2031F

3.7 Latvia Automotive Wheel Market Revenues & Volume Share, By Off-highway, 2021 & 2031F

4 Latvia Automotive Wheel Market Dynamics

4.1 Impact Analysis

4.2 Market Drivers

4.2.1 Increasing demand for lightweight and durable automotive wheels due to improved fuel efficiency and performance.

4.2.2 Growing focus on customization and aesthetics in the automotive industry, leading to higher demand for stylish wheels.

4.2.3 Expansion of the automotive industry in Latvia, driving the need for more vehicles and hence, automotive wheels.

4.3 Market Restraints

4.3.1 Fluctuating raw material prices impacting the production cost of automotive wheels.

4.3.2 Strict government regulations related to emissions and vehicle safety standards, affecting the design and production of wheels.

4.3.3 Competition from substitute materials like carbon fiber or aluminum alloys, challenging the traditional steel wheel market.

5 Latvia Automotive Wheel Market Trends

6 Latvia Automotive Wheel Market Segmentations

6.1 Latvia Automotive Wheel Market, By Rim Size

6.1.1 Overview and Analysis

6.1.2 Latvia Automotive Wheel Market Revenues & Volume, By 13-15, 2021-2031F

6.1.3 Latvia Automotive Wheel Market Revenues & Volume, By 16-18, 2021-2031F

6.1.4 Latvia Automotive Wheel Market Revenues & Volume, By 19-21, 2021-2031F

6.1.5 Latvia Automotive Wheel Market Revenues & Volume, By >21 inch, 2021-2031F

6.2 Latvia Automotive Wheel Market, By Material

6.2.1 Overview and Analysis

6.2.2 Latvia Automotive Wheel Market Revenues & Volume, By Steel, 2021-2031F

6.2.3 Latvia Automotive Wheel Market Revenues & Volume, By Alloy, 2021-2031F

6.2.4 Latvia Automotive Wheel Market Revenues & Volume, By Carbon Fiber, 2021-2031F

6.3 Latvia Automotive Wheel Market, By Off-highway

6.3.1 Overview and Analysis

6.3.2 Latvia Automotive Wheel Market Revenues & Volume, By Construction & Mining, 2021-2031F

6.3.3 Latvia Automotive Wheel Market Revenues & Volume, By Agriculture Tractors, 2021-2031F

7 Latvia Automotive Wheel Market Import-Export Trade Statistics

7.1 Latvia Automotive Wheel Market Export to Major Countries

7.2 Latvia Automotive Wheel Market Imports from Major Countries

8 Latvia Automotive Wheel Market Key Performance Indicators

8.1 Average selling price (ASP) of automotive wheels in Latvia.

8.2 Adoption rate of advanced wheel technologies (e.g., forged wheels, carbon fiber wheels) in the market.

8.3 Percentage of vehicles in Latvia opting for aftermarket wheel upgrades.

8.4 Number of new vehicle registrations in Latvia, indicating potential growth in the automotive wheel market.

8.5 Environmental sustainability metrics in wheel manufacturing processes (e.g., carbon footprint, recycling rates).

9 Latvia Automotive Wheel Market - Opportunity Assessment

9.1 Latvia Automotive Wheel Market Opportunity Assessment, By Rim Size, 2021 & 2031F

9.2 Latvia Automotive Wheel Market Opportunity Assessment, By Material, 2021 & 2031F

9.3 Latvia Automotive Wheel Market Opportunity Assessment, By Off-highway, 2021 & 2031F

10 Latvia Automotive Wheel Market - Competitive Landscape

10.1 Latvia Automotive Wheel Market Revenue Share, By Companies, 2024

10.2 Latvia Automotive Wheel Market Competitive Benchmarking, By Operating and Technical Parameters

11 Company Profiles

12 Recommendations

13 Disclaimer

Pricing
  • Single User License
    $ 1,995
  • Department License
    $ 2,400
  • Site License
    $ 3,120
  • Global License
    $ 3,795
6Wresearch Support

Any Query

Call: +91-11-4302-4305
Email us: sales@6wresearch.com
Any Query? Click Here

Related Reports

Industry Events and Analyst Meet

Our Clients

Airtel
Canon
Contec
HoneyWell
Kriloskar
Pwc Logo
Samsung
Tata Teleservices

Whitepaper

Read All