| Product Code: ETC7915805 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Dhaval Chaurasia | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
In 2024, Latvia`s mobile car import market continued to show steady growth with a CAGR of 9.03% from 2020 to 2024. Despite a slight decline in growth rate from 2023 to 2024 (-2.4%), the market remained stable. Top exporting countries to Latvia included Germany, Estonia, Poland, Sweden, and Finland, indicating diversified sources for mobile car imports. The low concentration of the Herfindahl-Hirschman Index (HHI) in 2024 suggests a competitive market landscape, benefiting both consumers and industry players 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 Mobile Carm Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Mobile Carm Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Mobile Carm Market - Industry Life Cycle |
3.4 Latvia Mobile Carm Market - Porter's Five Forces |
3.5 Latvia Mobile Carm Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Mobile Carm Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Mobile Carm Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for connected car technologies |
4.2.2 Rising consumer interest in smart mobility solutions |
4.2.3 Government initiatives to promote electric and hybrid vehicles |
4.3 Market Restraints |
4.3.1 High initial costs associated with mobile car solutions |
4.3.2 Limited infrastructure for charging electric vehicles |
4.3.3 Concerns over data privacy and cybersecurity in connected cars |
5 Latvia Mobile Carm Market Trends |
6 Latvia Mobile Carm Market, By Types |
6.1 Latvia Mobile Carm Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Mobile Carm Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Mobile Carm Market Revenues & Volume, By Mini C-arms, 2021- 2031F |
6.1.4 Latvia Mobile Carm Market Revenues & Volume, By Full Size C-arms, 2021- 2031F |
6.1.5 Latvia Mobile Carm Market Revenues & Volume, By Others, 2021- 2031F |
6.2 Latvia Mobile Carm Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Mobile Carm Market Revenues & Volume, By Cardiology, 2021- 2031F |
6.2.3 Latvia Mobile Carm Market Revenues & Volume, By Gastroenterology, 2021- 2031F |
6.2.4 Latvia Mobile Carm Market Revenues & Volume, By Neurology, 2021- 2031F |
6.2.5 Latvia Mobile Carm Market Revenues & Volume, By Orthopedics, 2021- 2031F |
7 Latvia Mobile Carm Market Import-Export Trade Statistics |
7.1 Latvia Mobile Carm Market Export to Major Countries |
7.2 Latvia Mobile Carm Market Imports from Major Countries |
8 Latvia Mobile Carm Market Key Performance Indicators |
8.1 Average number of new connected car subscriptions per month |
8.2 Adoption rate of electric and hybrid vehicles in the market |
8.3 Percentage increase in usage of mobile car apps for navigation and vehicle management |
9 Latvia Mobile Carm Market - Opportunity Assessment |
9.1 Latvia Mobile Carm Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Mobile Carm Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Mobile Carm Market - Competitive Landscape |
10.1 Latvia Mobile Carm Market Revenue Share, By Companies, 2024 |
10.2 Latvia Mobile Carm 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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