| Product Code: ETC7908480 | 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 a shift in the concentration of continuously variable transmission imports, moving from moderate to low concentration. The top countries exporting to Latvia included Germany, Lithuania, Sweden, South Africa, and China. Despite a negative compound annual growth rate of -0.69% from 2020 to 2024 and a significant decline in growth rate of -19.31% from 2023 to 2024, the market still remains diverse with multiple key players contributing to the import shipments. This indicates a stable market with potential for further expansion and diversification in the future.

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 Continuously Variable Transmission Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Continuously Variable Transmission Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Continuously Variable Transmission Market - Industry Life Cycle |
3.4 Latvia Continuously Variable Transmission Market - Porter's Five Forces |
3.5 Latvia Continuously Variable Transmission Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Continuously Variable Transmission Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.7 Latvia Continuously Variable Transmission Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.8 Latvia Continuously Variable Transmission Market Revenues & Volume Share, By Fuel, 2021 & 2031F |
3.9 Latvia Continuously Variable Transmission Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
4 Latvia Continuously Variable Transmission Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fuel-efficient vehicles |
4.2.2 Technological advancements in automotive industry |
4.2.3 Government regulations promoting environment-friendly technologies |
4.3 Market Restraints |
4.3.1 High initial cost of vehicles equipped with continuously variable transmission |
4.3.2 Lack of awareness and understanding among consumers |
4.3.3 Limited availability of skilled technicians for maintenance and repair of CVT systems |
5 Latvia Continuously Variable Transmission Market Trends |
6 Latvia Continuously Variable Transmission Market, By Types |
6.1 Latvia Continuously Variable Transmission Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Continuously Variable Transmission Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Continuously Variable Transmission Market Revenues & Volume, By Hydrostatic, 2021- 2031F |
6.1.4 Latvia Continuously Variable Transmission Market Revenues & Volume, By Toroidal, 2021- 2031F |
6.1.5 Latvia Continuously Variable Transmission Market Revenues & Volume, By Cone, 2021- 2031F |
6.1.6 Latvia Continuously Variable Transmission Market Revenues & Volume, By Variable Geometry, 2021- 2031F |
6.1.7 Latvia Continuously Variable Transmission Market Revenues & Volume, By Variable Diameter, 2021- 2031F |
6.2 Latvia Continuously Variable Transmission Market, By Vehicle Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Continuously Variable Transmission Market Revenues & Volume, By Passenger Cars, 2021- 2031F |
6.2.3 Latvia Continuously Variable Transmission Market Revenues & Volume, By Light Commercial Vehicles, 2021- 2031F |
6.2.4 Latvia Continuously Variable Transmission Market Revenues & Volume, By Heavy Commercial Vehicles, 2021- 2031F |
6.2.5 Latvia Continuously Variable Transmission Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Continuously Variable Transmission Market, By Product |
6.3.1 Overview and Analysis |
6.3.2 Latvia Continuously Variable Transmission Market Revenues & Volume, By Chain-Driven Transmission, 2021- 2031F |
6.3.3 Latvia Continuously Variable Transmission Market Revenues & Volume, By Belt-and-Pulley Transmission, 2021- 2031F |
6.4 Latvia Continuously Variable Transmission Market, By Fuel |
6.4.1 Overview and Analysis |
6.4.2 Latvia Continuously Variable Transmission Market Revenues & Volume, By Gasoline, 2021- 2031F |
6.4.3 Latvia Continuously Variable Transmission Market Revenues & Volume, By Diesel, 2021- 2031F |
6.4.4 Latvia Continuously Variable Transmission Market Revenues & Volume, By Hybrid, 2021- 2031F |
6.5 Latvia Continuously Variable Transmission Market, By Capacity |
6.5.1 Overview and Analysis |
6.5.2 Latvia Continuously Variable Transmission Market Revenues & Volume, By Up to 1.5 L, 2021- 2031F |
6.5.3 Latvia Continuously Variable Transmission Market Revenues & Volume, By 1.5 L to 3.0 L, 2021- 2031F |
6.5.4 Latvia Continuously Variable Transmission Market Revenues & Volume, By Above 3.0 L, 2021- 2031F |
7 Latvia Continuously Variable Transmission Market Import-Export Trade Statistics |
7.1 Latvia Continuously Variable Transmission Market Export to Major Countries |
7.2 Latvia Continuously Variable Transmission Market Imports from Major Countries |
8 Latvia Continuously Variable Transmission Market Key Performance Indicators |
8.1 Average fuel efficiency improvement in vehicles using CVT technology |
8.2 Adoption rate of CVT-equipped vehicles in Latvia |
8.3 Number of training programs for technicians on CVT maintenance and repair |
9 Latvia Continuously Variable Transmission Market - Opportunity Assessment |
9.1 Latvia Continuously Variable Transmission Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Continuously Variable Transmission Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.3 Latvia Continuously Variable Transmission Market Opportunity Assessment, By Product, 2021 & 2031F |
9.4 Latvia Continuously Variable Transmission Market Opportunity Assessment, By Fuel, 2021 & 2031F |
9.5 Latvia Continuously Variable Transmission Market Opportunity Assessment, By Capacity, 2021 & 2031F |
10 Latvia Continuously Variable Transmission Market - Competitive Landscape |
10.1 Latvia Continuously Variable Transmission Market Revenue Share, By Companies, 2024 |
10.2 Latvia Continuously Variable Transmission 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.
To discover high-growth global markets and optimize your business strategy:
Click Here