Latvia Passenger Vehicle Steel Wheel Market (2025-2031) | Segmentation, Supply, Competitive, Strategy, Drivers, Share, Pricing Analysis, Outlook, Trends, Analysis, Revenue, Challenges, Opportunities, Consumer Insights, Size, Demand, Strategic Insights, Growth, Industry, Segments, Competition, Forecast, Investment Trends, Companies, Value, Restraints
Market Forecast By Type (Standard Steel, Alloy Steel), By Material (High-Strength Steel, Aluminum Alloy), By Vehicle Type (Hatchback, Sedan), By Application (Standard Driving, Performance), By End Use (OEM, Aftermarket) And Competitive Landscape
| Product Code: ETC13078261 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 | |
Latvia Passenger Vehicle Steel Wheel Market Top 5 Importing Countries and Market Competition (HHI) Analysis
Latvia`s passenger vehicle steel wheel import shipments in 2024 continued to showcase a strong growth trend, with a notable Compound Annual Growth Rate (CAGR) of 20.09% from 2020 to 2024. The top exporting countries to Latvia in 2024 were Sweden, Poland, Denmark, Estonia, and Germany. Despite the diverse sources, the market remained concentrated with a high Herfindahl-Hirschman Index (HHI). The growth rate from 2023 to 2024 surged by 24.54%, indicating a robust momentum in the import market for passenger vehicle steel wheels in Latvia.
Key Highlights of the Report:
- Latvia Passenger Vehicle Steel Wheel Market Outlook
- Market Size of Latvia Passenger Vehicle Steel Wheel Market,2024
- Forecast of Latvia Passenger Vehicle Steel Wheel Market, 2031
- Historical Data and Forecast of Latvia Passenger Vehicle Steel Wheel Revenues & Volume for the Period 2021-2031
- Latvia Passenger Vehicle Steel Wheel Market Trend Evolution
- Latvia Passenger Vehicle Steel Wheel Market Drivers and Challenges
- Latvia Passenger Vehicle Steel Wheel Price Trends
- Latvia Passenger Vehicle Steel Wheel Porter's Five Forces
- Latvia Passenger Vehicle Steel Wheel Industry Life Cycle
- Historical Data and Forecast of Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume By Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume By Standard Steel for the Period 2021-2031
- Historical Data and Forecast of Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume By Alloy Steel for the Period 2021-2031
- Historical Data and Forecast of Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume By Material for the Period 2021-2031
- Historical Data and Forecast of Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume By High-Strength Steel for the Period 2021-2031
- Historical Data and Forecast of Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume By Aluminum Alloy for the Period 2021-2031
- Historical Data and Forecast of Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume By Vehicle Type for the Period 2021-2031
- Historical Data and Forecast of Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume By Hatchback for the Period 2021-2031
- Historical Data and Forecast of Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume By Sedan for the Period 2021-2031
- Historical Data and Forecast of Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume By Application for the Period 2021-2031
- Historical Data and Forecast of Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume By Standard Driving for the Period 2021-2031
- Historical Data and Forecast of Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume By Performance for the Period 2021-2031
- Historical Data and Forecast of Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume By End Use for the Period 2021-2031
- Historical Data and Forecast of Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume By OEM for the Period 2021-2031
- Historical Data and Forecast of Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume By Aftermarket for the Period 2021-2031
- Latvia Passenger Vehicle Steel Wheel Import Export Trade Statistics
- Market Opportunity Assessment By Type
- Market Opportunity Assessment By Material
- Market Opportunity Assessment By Vehicle Type
- Market Opportunity Assessment By Application
- Market Opportunity Assessment By End Use
- Latvia Passenger Vehicle Steel Wheel Top Companies Market Share
- Latvia Passenger Vehicle Steel Wheel Competitive Benchmarking By Technical and Operational Parameters
- Latvia Passenger Vehicle Steel Wheel Company Profiles
- Latvia Passenger Vehicle Steel Wheel Key Strategic Recommendations
Frequently Asked Questions About the Market Study (FAQs):
6Wresearch actively monitors the Latvia Passenger Vehicle Steel Wheel 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 Passenger Vehicle Steel Wheel Market, allowing our clients with actionable intelligence and reliable forecasts tailored to emerging regional needs.
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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 Passenger Vehicle Steel Wheel Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Passenger Vehicle Steel Wheel Market - Industry Life Cycle |
3.4 Latvia Passenger Vehicle Steel Wheel Market - Porter's Five Forces |
3.5 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume Share, By Material, 2021 & 2031F |
3.7 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
3.8 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.9 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume Share, By End Use, 2021 & 2031F |
4 Latvia Passenger Vehicle Steel Wheel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for passenger vehicles in Latvia |
4.2.2 Cost-effectiveness of steel wheels compared to alloy wheels |
4.2.3 Growing automotive industry in Latvia |
4.3 Market Restraints |
4.3.1 Competition from alloy wheels in the market |
4.3.2 Fluctuating raw material prices affecting steel wheel manufacturing costs |
5 Latvia Passenger Vehicle Steel Wheel Market Trends |
6 Latvia Passenger Vehicle Steel Wheel Market, By Types |
6.1 Latvia Passenger Vehicle Steel Wheel Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume, By Standard Steel, 2021 - 2031F |
6.1.4 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume, By Alloy Steel, 2021 - 2031F |
6.1.5 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume, By Heavy-Duty Steel, 2021 - 2031F |
6.1.6 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume, By Lightweight Steel, 2021 - 2031F |
6.2 Latvia Passenger Vehicle Steel Wheel Market, By Material |
6.2.1 Overview and Analysis |
6.2.2 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume, By High-Strength Steel, 2021 - 2031F |
6.2.3 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume, By Aluminum Alloy, 2021 - 2031F |
6.2.4 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume, By Carbon Steel, 2021 - 2031F |
6.2.5 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume, By Magnesium, 2021 - 2031F |
6.3 Latvia Passenger Vehicle Steel Wheel Market, By Vehicle Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume, By Hatchback, 2021 - 2031F |
6.3.3 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume, By Sedan, 2021 - 2031F |
6.3.4 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume, By SUV, 2021 - 2031F |
6.3.5 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume, By Commercial Vehicle, 2021 - 2031F |
6.4 Latvia Passenger Vehicle Steel Wheel Market, By Application |
6.4.1 Overview and Analysis |
6.4.2 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume, By Standard Driving, 2021 - 2031F |
6.4.3 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume, By Performance, 2021 - 2031F |
6.4.4 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume, By Off-Roading, 2021 - 2031F |
6.4.5 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume, By Fuel Efficiency, 2021 - 2031F |
6.5 Latvia Passenger Vehicle Steel Wheel Market, By End Use |
6.5.1 Overview and Analysis |
6.5.2 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume, By OEM, 2021 - 2031F |
6.5.3 Latvia Passenger Vehicle Steel Wheel Market Revenues & Volume, By Aftermarket, 2021 - 2031F |
7 Latvia Passenger Vehicle Steel Wheel Market Import-Export Trade Statistics |
7.1 Latvia Passenger Vehicle Steel Wheel Market Export to Major Countries |
7.2 Latvia Passenger Vehicle Steel Wheel Market Imports from Major Countries |
8 Latvia Passenger Vehicle Steel Wheel Market Key Performance Indicators |
8.1 Average selling price of steel wheels |
8.2 Number of passenger vehicles sold in Latvia |
8.3 Rate of adoption of steel wheels by automotive manufacturers in Latvia |
9 Latvia Passenger Vehicle Steel Wheel Market - Opportunity Assessment |
9.1 Latvia Passenger Vehicle Steel Wheel Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Passenger Vehicle Steel Wheel Market Opportunity Assessment, By Material, 2021 & 2031F |
9.3 Latvia Passenger Vehicle Steel Wheel Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
9.4 Latvia Passenger Vehicle Steel Wheel Market Opportunity Assessment, By Application, 2021 & 2031F |
9.5 Latvia Passenger Vehicle Steel Wheel Market Opportunity Assessment, By End Use, 2021 & 2031F |
10 Latvia Passenger Vehicle Steel Wheel Market - Competitive Landscape |
10.1 Latvia Passenger Vehicle Steel Wheel Market Revenue Share, By Companies, 2024 |
10.2 Latvia Passenger Vehicle Steel Wheel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
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