| Product Code: ETC7908133 | 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 |
Latvia`s import shipments of commercial vehicle tire pressure monitoring systems in 2024 saw significant contributions from top exporters like Germany, Poland, Finland, Belgium, and Canada. With a low Herfindahl-Hirschman Index (HHI) indicating market concentration, the industry remains competitive. The impressive compound annual growth rate (CAGR) of 12.19% from 2020-2024 underscores the increasing demand for these systems. Although there was a slight decline in growth rate from 2023 to 2024 at -2.22%, the overall positive trend points towards a promising market for commercial vehicle tire pressure monitoring systems 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 Tire Pressure Monitoring Systems Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market - Industry Life Cycle |
3.4 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market - Porter's Five Forces |
3.5 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
3.6 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market Revenues & Volume Share, By Type, 2021 & 2031F |
4 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing emphasis on road safety regulations and standards in Latvia |
4.2.2 Growing awareness about the benefits of tire pressure monitoring systems in commercial vehicles |
4.2.3 Rising demand for fuel-efficient and eco-friendly transportation solutions |
4.3 Market Restraints |
4.3.1 High initial costs associated with installing tire pressure monitoring systems in commercial vehicles |
4.3.2 Lack of standardization and interoperability among different tire pressure monitoring system manufacturers |
5 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market Trends |
6 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market, By Types |
6.1 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market, By Sales Channel |
6.1.1 Overview and Analysis |
6.1.2 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market Revenues & Volume, By Sales Channel, 2021- 2031F |
6.1.3 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market Revenues & Volume, By OEM, 2021- 2031F |
6.1.4 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market Revenues & Volume, By Aftermarket, 2021- 2031F |
6.2 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market Revenues & Volume, By Direct TPMS, 2021- 2031F |
6.2.3 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market Revenues & Volume, By Indirect TPMS, 2021- 2031F |
7 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market Import-Export Trade Statistics |
7.1 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market Export to Major Countries |
7.2 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market Imports from Major Countries |
8 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market Key Performance Indicators |
8.1 Percentage increase in the adoption rate of tire pressure monitoring systems in commercial vehicles in Latvia |
8.2 Average reduction in fuel consumption and carbon emissions achieved by commercial vehicles using tire pressure monitoring systems |
8.3 Number of road accidents prevented or minimized due to the use of tire pressure monitoring systems in commercial vehicles |
9 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market - Opportunity Assessment |
9.1 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
9.2 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market Opportunity Assessment, By Type, 2021 & 2031F |
10 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market - Competitive Landscape |
10.1 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market Revenue Share, By Companies, 2024 |
10.2 Latvia Commercial Vehicle Tire Pressure Monitoring Systems Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |