| Product Code: ETC7908132 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sumit Sagar | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia saw an increase in commercial vehicle switches & relays import shipments from top exporting countries including Hungary, Poland, Estonia, Germany, and Lithuania. Despite a low Herfindahl-Hirschman Index (HHI) indicating low market concentration, the industry experienced a negative Compound Annual Growth Rate (CAGR) of -9.37% from 2020 to 2024. However, there was a positive growth rate of 7.69% from 2023 to 2024, suggesting a potential rebound in the market. This data highlights the dynamic nature of the commercial vehicle switches & relays import market 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 Commercial Vehicle Switches & Relays Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Commercial Vehicle Switches & Relays Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Commercial Vehicle Switches & Relays Market - Industry Life Cycle |
3.4 Latvia Commercial Vehicle Switches & Relays Market - Porter's Five Forces |
3.5 Latvia Commercial Vehicle Switches & Relays Market Revenues & Volume Share, By Switch Type, 2021 & 2031F |
3.6 Latvia Commercial Vehicle Switches & Relays Market Revenues & Volume Share, By Relay Type, 2021 & 2031F |
4 Latvia Commercial Vehicle Switches & Relays Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for commercial vehicles in Latvia |
4.2.2 Technological advancements leading to the adoption of advanced switches and relays |
4.2.3 Growing focus on vehicle safety and efficiency |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting production costs |
4.3.2 Intense competition among market players |
4.3.3 Economic uncertainties impacting consumer spending |
5 Latvia Commercial Vehicle Switches & Relays Market Trends |
6 Latvia Commercial Vehicle Switches & Relays Market, By Types |
6.1 Latvia Commercial Vehicle Switches & Relays Market, By Switch Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Commercial Vehicle Switches & Relays Market Revenues & Volume, By Switch Type, 2021- 2031F |
6.1.3 Latvia Commercial Vehicle Switches & Relays Market Revenues & Volume, By Knob, 2021- 2031F |
6.1.4 Latvia Commercial Vehicle Switches & Relays Market Revenues & Volume, By Button, 2021- 2031F |
6.1.5 Latvia Commercial Vehicle Switches & Relays Market Revenues & Volume, By Touchpad, 2021- 2031F |
6.1.6 Latvia Commercial Vehicle Switches & Relays Market Revenues & Volume, By Lever, 2021- 2031F |
6.2 Latvia Commercial Vehicle Switches & Relays Market, By Relay Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Commercial Vehicle Switches & Relays Market Revenues & Volume, By PCB, 2021- 2031F |
6.2.3 Latvia Commercial Vehicle Switches & Relays Market Revenues & Volume, By High Voltage, 2021- 2031F |
6.2.4 Latvia Commercial Vehicle Switches & Relays Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Commercial Vehicle Switches & Relays Market Import-Export Trade Statistics |
7.1 Latvia Commercial Vehicle Switches & Relays Market Export to Major Countries |
7.2 Latvia Commercial Vehicle Switches & Relays Market Imports from Major Countries |
8 Latvia Commercial Vehicle Switches & Relays Market Key Performance Indicators |
8.1 Adoption rate of advanced switch and relay technologies in commercial vehicles |
8.2 Number of commercial vehicle registrations in Latvia |
8.3 Rate of innovation and product development in the switches and relays market segment |
8.4 Percentage of commercial vehicles equipped with safety features utilizing switches and relays |
8.5 Customer satisfaction levels with the quality and performance of switches and relays in commercial vehicles |
9 Latvia Commercial Vehicle Switches & Relays Market - Opportunity Assessment |
9.1 Latvia Commercial Vehicle Switches & Relays Market Opportunity Assessment, By Switch Type, 2021 & 2031F |
9.2 Latvia Commercial Vehicle Switches & Relays Market Opportunity Assessment, By Relay Type, 2021 & 2031F |
10 Latvia Commercial Vehicle Switches & Relays Market - Competitive Landscape |
10.1 Latvia Commercial Vehicle Switches & Relays Market Revenue Share, By Companies, 2024 |
10.2 Latvia Commercial Vehicle Switches & Relays Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |