| Product Code: ETC7908481 | 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 saw a continued influx of continuously variable transmission systems imports in 2024, with top exporting countries being Czechia, Italy, Germany, Lithuania, and Finland. The market concentration, as measured by the HHI, remained high in 2024. Despite a negative growth rate in 2024 compared to the previous year, the overall compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 24.71%. This indicates a dynamic market for continuously variable transmission systems in Latvia, with fluctuating trends potentially influenced by various economic factors.

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 Systems Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Continuously Variable Transmission Systems Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Continuously Variable Transmission Systems Market - Industry Life Cycle |
3.4 Latvia Continuously Variable Transmission Systems Market - Porter's Five Forces |
3.5 Latvia Continuously Variable Transmission Systems Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.6 Latvia Continuously Variable Transmission Systems Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.7 Latvia Continuously Variable Transmission Systems Market Revenues & Volume Share, By Fuel, 2021 & 2031F |
3.8 Latvia Continuously Variable Transmission Systems Market Revenues & Volume Share, By Capacity, 2021 & 2031F |
3.9 Latvia Continuously Variable Transmission Systems Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Continuously Variable Transmission Systems Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fuel-efficient vehicles |
4.2.2 Growing automotive industry in Latvia |
4.2.3 Technological advancements in continuously variable transmission systems |
4.3 Market Restraints |
4.3.1 High initial investment required for implementing continuously variable transmission systems |
4.3.2 Limited consumer awareness about the benefits of continuously variable transmission |
4.3.3 Competition from traditional automatic and manual transmission systems |
5 Latvia Continuously Variable Transmission Systems Market Trends |
6 Latvia Continuously Variable Transmission Systems Market, By Types |
6.1 Latvia Continuously Variable Transmission Systems Market, By Vehicle Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Continuously Variable Transmission Systems Market Revenues & Volume, By Vehicle Type, 2021- 2031F |
6.1.3 Latvia Continuously Variable Transmission Systems Market Revenues & Volume, By Passenger cars, 2021- 2031F |
6.1.4 Latvia Continuously Variable Transmission Systems Market Revenues & Volume, By Light commercial vehicles, 2021- 2031F |
6.1.5 Latvia Continuously Variable Transmission Systems Market Revenues & Volume, By Heavy commercial vehicles, 2021- 2031F |
6.1.6 Latvia Continuously Variable Transmission Systems Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Continuously Variable Transmission Systems Market, By Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Continuously Variable Transmission Systems Market Revenues & Volume, By Hydrostatic, 2021- 2031F |
6.2.3 Latvia Continuously Variable Transmission Systems Market Revenues & Volume, By Toroidal, 2021- 2031F |
6.2.4 Latvia Continuously Variable Transmission Systems Market Revenues & Volume, By Cone, 2021- 2031F |
6.2.5 Latvia Continuously Variable Transmission Systems Market Revenues & Volume, By Variable geometry, 2021- 2031F |
6.2.6 Latvia Continuously Variable Transmission Systems Market Revenues & Volume, By Variable diameter, 2021- 2031F |
6.2.7 Latvia Continuously Variable Transmission Systems Market Revenues & Volume, By Others, 2021- 2031F |
6.3 Latvia Continuously Variable Transmission Systems Market, By Fuel |
6.3.1 Overview and Analysis |
6.3.2 Latvia Continuously Variable Transmission Systems Market Revenues & Volume, By Gasoline, 2021- 2031F |
6.3.3 Latvia Continuously Variable Transmission Systems Market Revenues & Volume, By Diesel, 2021- 2031F |
6.3.4 Latvia Continuously Variable Transmission Systems Market Revenues & Volume, By Hybrid, 2021- 2031F |
6.4 Latvia Continuously Variable Transmission Systems Market, By Capacity |
6.4.1 Overview and Analysis |
6.4.2 Latvia Continuously Variable Transmission Systems Market Revenues & Volume, By Up to 1.5 L, 2021- 2031F |
6.4.3 Latvia Continuously Variable Transmission Systems Market Revenues & Volume, By 1.5 L to 3.0 L, 2021- 2031F |
6.4.4 Latvia Continuously Variable Transmission Systems Market Revenues & Volume, By Above 3.0 L, 2021- 2031F |
6.5 Latvia Continuously Variable Transmission Systems Market, By End User |
6.5.1 Overview and Analysis |
6.5.2 Latvia Continuously Variable Transmission Systems Market Revenues & Volume, By OEM, 2021- 2031F |
6.5.3 Latvia Continuously Variable Transmission Systems Market Revenues & Volume, By Aftermarket, 2021- 2031F |
7 Latvia Continuously Variable Transmission Systems Market Import-Export Trade Statistics |
7.1 Latvia Continuously Variable Transmission Systems Market Export to Major Countries |
7.2 Latvia Continuously Variable Transmission Systems Market Imports from Major Countries |
8 Latvia Continuously Variable Transmission Systems Market Key Performance Indicators |
8.1 Average fuel efficiency improvement in vehicles using continuously variable transmission systems |
8.2 Number of new car models in Latvia equipped with continuously variable transmission |
8.3 Percentage increase in adoption rate of continuously variable transmission systems in the automotive market |
9 Latvia Continuously Variable Transmission Systems Market - Opportunity Assessment |
9.1 Latvia Continuously Variable Transmission Systems Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.2 Latvia Continuously Variable Transmission Systems Market Opportunity Assessment, By Type, 2021 & 2031F |
9.3 Latvia Continuously Variable Transmission Systems Market Opportunity Assessment, By Fuel, 2021 & 2031F |
9.4 Latvia Continuously Variable Transmission Systems Market Opportunity Assessment, By Capacity, 2021 & 2031F |
9.5 Latvia Continuously Variable Transmission Systems Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Continuously Variable Transmission Systems Market - Competitive Landscape |
10.1 Latvia Continuously Variable Transmission Systems Market Revenue Share, By Companies, 2024 |
10.2 Latvia Continuously Variable Transmission Systems 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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