| Product Code: ETC5876507 | 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 saw a continued influx of connected motorcycle imports, with top exporters being Austria, Estonia, Germany, China, and Poland. The market concentration, as measured by the HHI, escalated from high to very high in just one year, indicating a more consolidated market. Despite a slight decline in growth rate from 2023 to 2024, the impressive compound annual growth rate (CAGR) of 10.08% over the period from 2020 to 2024 suggests a steady expansion in the connected motorcycle 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 Connected Motorcycle Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Connected Motorcycle Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Connected Motorcycle Market - Industry Life Cycle |
3.4 Latvia Connected Motorcycle Market - Porter's Five Forces |
3.5 Latvia Connected Motorcycle Market Revenues & Volume Share, By Hardware, 2021 & 2031F |
3.6 Latvia Connected Motorcycle Market Revenues & Volume Share, By Communication Type, 2021 & 2031F |
3.7 Latvia Connected Motorcycle Market Revenues & Volume Share, By Network Type, 2021 & 2031F |
4 Latvia Connected Motorcycle Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for smart, connected technologies in motorcycles |
4.2.2 Growing awareness about the benefits of connected motorcycles in terms of safety and convenience |
4.2.3 Government initiatives promoting the adoption of connected vehicles |
4.3 Market Restraints |
4.3.1 High initial cost of connected motorcycle technology |
4.3.2 Concerns regarding data security and privacy |
4.3.3 Limited infrastructure for connected vehicles in Latvia |
5 Latvia Connected Motorcycle Market Trends |
6 Latvia Connected Motorcycle Market Segmentations |
6.1 Latvia Connected Motorcycle Market, By Hardware |
6.1.1 Overview and Analysis |
6.1.2 Latvia Connected Motorcycle Market Revenues & Volume, By Embedded, 2021-2031F |
6.1.3 Latvia Connected Motorcycle Market Revenues & Volume, By Tethered, 2021-2031F |
6.2 Latvia Connected Motorcycle Market, By Communication Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Connected Motorcycle Market Revenues & Volume, By V2V, 2021-2031F |
6.2.3 Latvia Connected Motorcycle Market Revenues & Volume, By V2I, 2021-2031F |
6.3 Latvia Connected Motorcycle Market, By Network Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Connected Motorcycle Market Revenues & Volume, By C-V2X, 2021-2031F |
6.3.3 Latvia Connected Motorcycle Market Revenues & Volume, By DSRC, 2021-2031F |
7 Latvia Connected Motorcycle Market Import-Export Trade Statistics |
7.1 Latvia Connected Motorcycle Market Export to Major Countries |
7.2 Latvia Connected Motorcycle Market Imports from Major Countries |
8 Latvia Connected Motorcycle Market Key Performance Indicators |
8.1 Adoption rate of connected motorcycle features by consumers |
8.2 Number of partnerships between motorcycle manufacturers and technology providers in Latvia |
8.3 Level of government support and funding for connected vehicle initiatives |
9 Latvia Connected Motorcycle Market - Opportunity Assessment |
9.1 Latvia Connected Motorcycle Market Opportunity Assessment, By Hardware, 2021 & 2031F |
9.2 Latvia Connected Motorcycle Market Opportunity Assessment, By Communication Type, 2021 & 2031F |
9.3 Latvia Connected Motorcycle Market Opportunity Assessment, By Network Type, 2021 & 2031F |
10 Latvia Connected Motorcycle Market - Competitive Landscape |
10.1 Latvia Connected Motorcycle Market Revenue Share, By Companies, 2024 |
10.2 Latvia Connected Motorcycle Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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