| Product Code: ETC5713981 | 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 |
The Latvia composite bearings import market experienced a notable shift in concentration from moderate to high in 2024, with top exporting countries being Sweden, Germany, Finland, Ukraine, and Lithuania. The negative Compound Annual Growth Rate (CAGR) of -8.1% from 2020 to 2024 and a significant growth rate decline of -43.04% from 2023 to 2024 indicate a challenging market environment. Stakeholders should closely monitor these trends and adapt their strategies to navigate the evolving landscape in the composite bearings industry.

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 Composite Bearings Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Composite Bearings Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Composite Bearings Market - Industry Life Cycle |
3.4 Latvia Composite Bearings Market - Porter's Five Forces |
3.5 Latvia Composite Bearings Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Composite Bearings Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Composite Bearings Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for lightweight and durable bearings in various industries such as automotive, aerospace, and industrial machinery |
4.2.2 Growing focus on reducing maintenance costs and improving operational efficiency driving the adoption of composite bearings |
4.2.3 Technological advancements leading to the development of high-performance composite materials for bearings |
4.3 Market Restraints |
4.3.1 Higher initial cost compared to traditional bearings may hinder adoption among cost-sensitive industries |
4.3.2 Limited awareness and understanding of the benefits of composite bearings among end-users |
4.3.3 Challenges related to the recyclability and disposal of composite materials impacting sustainability considerations |
5 Latvia Composite Bearings Market Trends |
6 Latvia Composite Bearings Market Segmentations |
6.1 Latvia Composite Bearings Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Composite Bearings Market Revenues & Volume, By Metal Matrix, 2021-2031F |
6.1.3 Latvia Composite Bearings Market Revenues & Volume, By Fiber Matrix, 2021-2031F |
6.2 Latvia Composite Bearings Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Composite Bearings Market Revenues & Volume, By Construction & Mining, 2021-2031F |
6.2.3 Latvia Composite Bearings Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Latvia Composite Bearings Market Revenues & Volume, By Agriculture, 2021-2031F |
6.2.5 Latvia Composite Bearings Market Revenues & Volume, By Aerospace, 2021-2031F |
6.2.6 Latvia Composite Bearings Market Revenues & Volume, By Marine, 2021-2031F |
7 Latvia Composite Bearings Market Import-Export Trade Statistics |
7.1 Latvia Composite Bearings Market Export to Major Countries |
7.2 Latvia Composite Bearings Market Imports from Major Countries |
8 Latvia Composite Bearings Market Key Performance Indicators |
8.1 Average order value of composite bearings in Latvia |
8.2 Percentage of market share held by composite bearings compared to traditional bearings in key industries |
8.3 Number of research and development initiatives focused on enhancing composite bearing performance and durability |
9 Latvia Composite Bearings Market - Opportunity Assessment |
9.1 Latvia Composite Bearings Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Composite Bearings Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Composite Bearings Market - Competitive Landscape |
10.1 Latvia Composite Bearings Market Revenue Share, By Companies, 2024 |
10.2 Latvia Composite Bearings Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |