| 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`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.
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 |