Latvia Electric Power Steering Market (2025-2031) | Companies, Segmentation, Growth, Outlook, Trends, Size, Industry, Value, Forecast, Analysis, Share & Revenue
Market Forecast By Type (CEPS, PEPS, REPS), By Mechanism (Collapsible, Rigid), By Off-Highway (Construction, Agricultural), By Components (Steering column, Sensors, Steering gear, Mechanical rack and pinion, Electronic control unit, Electric motor, Bearing), By Electric Motor‚ (Brush motor, Brushless motor), By Application (Passenger Cars (PC), Commercial Vehicles (CV)) And Competitive Landscape
| Product Code: ETC5894462 | 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 |
Latvia Electric Power Steering Market Top 5 Importing Countries and Market Competition (HHI) Analysis
The import shipments of electric power steering in Latvia saw a significant increase in 2024, with top exporting countries being Poland, Germany, Lithuania, India, and Italy. The market concentration, as measured by the HHI, shifted from high to moderate in 2024, indicating a more diversified market landscape. The impressive CAGR of 16.51% from 2020 to 2024 demonstrates a consistently growing demand for electric power steering in Latvia. Moreover, the remarkable growth rate of 22.01% from 2023 to 2024 suggests a rapid acceleration in import activity, reflecting a positive outlook for the industry in the coming years.
Key Highlights of the Report:
- Latvia Electric Power Steering Market Outlook
- Market Size of Latvia Electric Power Steering Market, 2024
- Forecast of Latvia Electric Power Steering Market, 2031
- Historical Data and Forecast of Latvia Electric Power Steering Revenues & Volume for the Period 2021-2031
- Latvia Electric Power Steering Market Trend Evolution
- Latvia Electric Power Steering Market Drivers and Challenges
- Latvia Electric Power Steering Price Trends
- Latvia Electric Power Steering Porter`s Five Forces
- Latvia Electric Power Steering Industry Life Cycle
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By CEPS for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By PEPS for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By REPS for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Mechanism for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Collapsible for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Rigid for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Off-Highway for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Construction for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Agricultural for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Components for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Steering column for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Sensors for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Steering gear for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Mechanical rack and pinion for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Electronic control unit for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Electric motor for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Bearing for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Electric Motor? for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Brush motor for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Brushless motor for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Passenger Cars (PC) for the Period 2021-2031
- Historical Data and Forecast of Latvia Electric Power Steering Market Revenues & Volume By Commercial Vehicles (CV) for the Period 2021-2031
- Latvia Electric Power Steering Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Mechanism
- Market Opportunity Assessment By Off-Highway
- Market Opportunity Assessment By Components
- Market Opportunity Assessment By Electric Motor?
- Market Opportunity Assessment By Application
- Latvia Electric Power Steering Top Companies Market Share
- Latvia Electric Power Steering Competitive Benchmarking By Technical and Operational Parameters
- Latvia Electric Power Steering Company Profiles
- Latvia Electric Power Steering Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Electric Power Steering Market and publishes its comprehensive annual report, highlighting emerging trends, growth drivers, revenue analysis, and forecast outlook. Our insights help businesses to make data-backed strategic decisions with ongoing market dynamics. Our analysts track relevent industries related to the Latvia Electric Power Steering Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
Yes, we provide customisation as per your requirements. To learn more, feel free to contact us on sales@6wresearch.com
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 Electric Power Steering Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Electric Power Steering Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Electric Power Steering Market - Industry Life Cycle |
3.4 Latvia Electric Power Steering Market - Porter's Five Forces |
3.5 Latvia Electric Power Steering Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Electric Power Steering Market Revenues & Volume Share, By Mechanism, 2021 & 2031F |
3.7 Latvia Electric Power Steering Market Revenues & Volume Share, By Off-Highway, 2021 & 2031F |
3.8 Latvia Electric Power Steering Market Revenues & Volume Share, By Components, 2021 & 2031F |
3.9 Latvia Electric Power Steering Market Revenues & Volume Share, By Electric Motor? , 2021 & 2031F |
3.10 Latvia Electric Power Steering Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Electric Power Steering Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for fuel-efficient vehicles |
4.2.2 Growing emphasis on reducing greenhouse gas emissions |
4.2.3 Technological advancements in electric power steering systems |
4.3 Market Restraints |
4.3.1 High initial costs associated with electric power steering systems |
4.3.2 Limited availability of skilled technicians for maintenance and repairs |
4.3.3 Concerns regarding the reliability and durability of electric power steering systems |
5 Latvia Electric Power Steering Market Trends |
6 Latvia Electric Power Steering Market Segmentations |
6.1 Latvia Electric Power Steering Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Electric Power Steering Market Revenues & Volume, By CEPS, 2021-2031F |
6.1.3 Latvia Electric Power Steering Market Revenues & Volume, By PEPS, 2021-2031F |
6.1.4 Latvia Electric Power Steering Market Revenues & Volume, By REPS, 2021-2031F |
6.2 Latvia Electric Power Steering Market, By Mechanism |
6.2.1 Overview and Analysis |
6.2.2 Latvia Electric Power Steering Market Revenues & Volume, By Collapsible, 2021-2031F |
6.2.3 Latvia Electric Power Steering Market Revenues & Volume, By Rigid, 2021-2031F |
6.3 Latvia Electric Power Steering Market, By Off-Highway |
6.3.1 Overview and Analysis |
6.3.2 Latvia Electric Power Steering Market Revenues & Volume, By Construction, 2021-2031F |
6.3.3 Latvia Electric Power Steering Market Revenues & Volume, By Agricultural, 2021-2031F |
6.4 Latvia Electric Power Steering Market, By Components |
6.4.1 Overview and Analysis |
6.4.2 Latvia Electric Power Steering Market Revenues & Volume, By Steering column, 2021-2031F |
6.4.3 Latvia Electric Power Steering Market Revenues & Volume, By Sensors, 2021-2031F |
6.4.4 Latvia Electric Power Steering Market Revenues & Volume, By Steering gear, 2021-2031F |
6.4.5 Latvia Electric Power Steering Market Revenues & Volume, By Mechanical rack and pinion, 2021-2031F |
6.4.6 Latvia Electric Power Steering Market Revenues & Volume, By Electronic control unit, 2021-2031F |
6.4.7 Latvia Electric Power Steering Market Revenues & Volume, By Electric motor, 2021-2031F |
6.5 Latvia Electric Power Steering Market, By Electric Motor? |
6.5.1 Overview and Analysis |
6.5.2 Latvia Electric Power Steering Market Revenues & Volume, By Brush motor, 2021-2031F |
6.5.3 Latvia Electric Power Steering Market Revenues & Volume, By Brushless motor, 2021-2031F |
6.6 Latvia Electric Power Steering Market, By Application |
6.6.1 Overview and Analysis |
6.6.2 Latvia Electric Power Steering Market Revenues & Volume, By Passenger Cars (PC), 2021-2031F |
6.6.3 Latvia Electric Power Steering Market Revenues & Volume, By Commercial Vehicles (CV), 2021-2031F |
7 Latvia Electric Power Steering Market Import-Export Trade Statistics |
7.1 Latvia Electric Power Steering Market Export to Major Countries |
7.2 Latvia Electric Power Steering Market Imports from Major Countries |
8 Latvia Electric Power Steering Market Key Performance Indicators |
8.1 Average fuel efficiency improvement in vehicles equipped with electric power steering |
8.2 Adoption rate of electric power steering systems by major automobile manufacturers in Latvia |
8.3 Number of training programs conducted for technicians on electric power steering system maintenance and repair |
9 Latvia Electric Power Steering Market - Opportunity Assessment |
9.1 Latvia Electric Power Steering Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Electric Power Steering Market Opportunity Assessment, By Mechanism, 2021 & 2031F |
9.3 Latvia Electric Power Steering Market Opportunity Assessment, By Off-Highway, 2021 & 2031F |
9.4 Latvia Electric Power Steering Market Opportunity Assessment, By Components, 2021 & 2031F |
9.5 Latvia Electric Power Steering Market Opportunity Assessment, By Electric Motor? , 2021 & 2031F |
9.6 Latvia Electric Power Steering Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Electric Power Steering Market - Competitive Landscape |
10.1 Latvia Electric Power Steering Market Revenue Share, By Companies, 2024 |
10.2 Latvia Electric Power Steering Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |
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