| Product Code: ETC5893132 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia`s balance shaft import market saw a shift in concentration, with top exporting countries being Sweden, South Africa, Germany, Lithuania, and China. The Herfindahl-Hirschman Index (HHI) reflected high concentration in 2023 but decreased to low concentration in 2024, indicating a more diversified import market. Despite a slight CAGR of 1.79% from 2020-2024, there was a notable decline in growth rate from 2023-2024 at -9.96%. This changing landscape suggests a dynamic market environment for balance shaft imports in Latvia, with opportunities for both domestic and international suppliers to explore.

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 Balance Shaft Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Balance Shaft Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Balance Shaft Market - Industry Life Cycle |
3.4 Latvia Balance Shaft Market - Porter's Five Forces |
3.5 Latvia Balance Shaft Market Revenues & Volume Share, By Engine Type, 2021 & 2031F |
3.6 Latvia Balance Shaft Market Revenues & Volume Share, By Manufacturing Process, 2021 & 2031F |
4 Latvia Balance Shaft Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fuel-efficient vehicles driving the need for advanced engine technologies like balance shafts. |
4.2.2 Growing automotive industry in Latvia leading to higher production of vehicles requiring balance shafts. |
4.2.3 Technological advancements in balance shaft manufacturing improving efficiency and performance of vehicles. |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting the production cost of balance shafts. |
4.3.2 Intense competition among balance shaft manufacturers leading to pricing pressures. |
4.3.3 Regulatory requirements and environmental concerns impacting the design and production processes of balance shafts. |
5 Latvia Balance Shaft Market Trends |
6 Latvia Balance Shaft Market Segmentations |
6.1 Latvia Balance Shaft Market, By Engine Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Balance Shaft Market Revenues & Volume, By Inline-3 Cylinder, 2021-2031F |
6.1.3 Latvia Balance Shaft Market Revenues & Volume, By Inline-4 Cylinder, 2021-2031F |
6.1.4 Latvia Balance Shaft Market Revenues & Volume, By Inline-5 Cylinder, 2021-2031F |
6.1.5 Latvia Balance Shaft Market Revenues & Volume, By V-6 Cylinder, 2021-2031F |
6.2 Latvia Balance Shaft Market, By Manufacturing Process |
6.2.1 Overview and Analysis |
6.2.2 Latvia Balance Shaft Market Revenues & Volume, By Forged , 2021-2031F |
6.2.3 Latvia Balance Shaft Market Revenues & Volume, By Cast Balance Shaft, 2021-2031F |
7 Latvia Balance Shaft Market Import-Export Trade Statistics |
7.1 Latvia Balance Shaft Market Export to Major Countries |
7.2 Latvia Balance Shaft Market Imports from Major Countries |
8 Latvia Balance Shaft Market Key Performance Indicators |
8.1 Average lead time for balance shaft production. |
8.2 Percentage of market share held by local manufacturers. |
8.3 Rate of adoption of advanced balance shaft technologies by automotive OEMs. |
8.4 Number of patents filed for innovative balance shaft designs. |
8.5 Customer satisfaction index for balance shaft quality and performance. |
9 Latvia Balance Shaft Market - Opportunity Assessment |
9.1 Latvia Balance Shaft Market Opportunity Assessment, By Engine Type, 2021 & 2031F |
9.2 Latvia Balance Shaft Market Opportunity Assessment, By Manufacturing Process, 2021 & 2031F |
10 Latvia Balance Shaft Market - Competitive Landscape |
10.1 Latvia Balance Shaft Market Revenue Share, By Companies, 2024 |
10.2 Latvia Balance Shaft Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |