| Product Code: ETC5393736 | 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`s import of manual socket wrenches in 2024 saw a diverse range of top exporting countries, including Poland, Germany, Lithuania, China, and Estonia. The market displayed moderate concentration levels with a stable HHI in 2024. Despite a positive CAGR of 3.83% from 2020 to 2024, there was a slight decline in growth rate from 2023 to 2024 at -3.98%. This data suggests a steady but slightly decelerating trend in the import market for manual socket wrenches 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 Manual Socket Wrench Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Manual Socket Wrench Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Manual Socket Wrench Market - Industry Life Cycle |
3.4 Latvia Manual Socket Wrench Market - Porter's Five Forces |
3.5 Latvia Manual Socket Wrench Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Manual Socket Wrench Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Manual Socket Wrench Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for manual socket wrenches due to growth in the construction and automotive industries in Latvia. |
4.2.2 Rising DIY (do-it-yourself) trend among consumers, leading to higher sales of manual socket wrenches. |
4.2.3 Technological advancements in manual socket wrench design, making them more efficient and user-friendly. |
4.3 Market Restraints |
4.3.1 Competition from power tools and electric wrenches impacting the growth of the manual socket wrench market. |
4.3.2 Economic fluctuations affecting consumer spending on non-essential tools like manual socket wrenches. |
4.3.3 Limited awareness and availability of specialized manual socket wrench brands in the Latvian market. |
5 Latvia Manual Socket Wrench Market Trends |
6 Latvia Manual Socket Wrench Market Segmentations |
6.1 Latvia Manual Socket Wrench Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Manual Socket Wrench Market Revenues & Volume, By 1/4", 2021-2031F |
6.1.3 Latvia Manual Socket Wrench Market Revenues & Volume, By 3/8", 2021-2031F |
6.1.4 Latvia Manual Socket Wrench Market Revenues & Volume, By 1/2", 2021-2031F |
6.2 Latvia Manual Socket Wrench Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Manual Socket Wrench Market Revenues & Volume, By Construction, 2021-2031F |
6.2.3 Latvia Manual Socket Wrench Market Revenues & Volume, By Automotive, 2021-2031F |
6.2.4 Latvia Manual Socket Wrench Market Revenues & Volume, By Industrial, 2021-2031F |
6.2.5 Latvia Manual Socket Wrench Market Revenues & Volume, By Others, 2021-2031F |
7 Latvia Manual Socket Wrench Market Import-Export Trade Statistics |
7.1 Latvia Manual Socket Wrench Market Export to Major Countries |
7.2 Latvia Manual Socket Wrench Market Imports from Major Countries |
8 Latvia Manual Socket Wrench Market Key Performance Indicators |
8.1 Average time spent by consumers in researching manual socket wrench products online. |
8.2 Number of DIY workshops or events held in Latvia promoting the use of manual socket wrenches. |
8.3 Percentage increase in the utilization of manual socket wrenches in industrial applications in Latvia. |
8.4 Customer satisfaction score related to the durability and performance of manual socket wrenches purchased in Latvia. |
8.5 Number of educational campaigns conducted to educate consumers on the benefits of using manual socket wrenches. |
9 Latvia Manual Socket Wrench Market - Opportunity Assessment |
9.1 Latvia Manual Socket Wrench Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Manual Socket Wrench Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Manual Socket Wrench Market - Competitive Landscape |
10.1 Latvia Manual Socket Wrench Market Revenue Share, By Companies, 2024 |
10.2 Latvia Manual Socket Wrench Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |