| Product Code: ETC13115701 | Publication Date: Apr 2025 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Sachin Kumar Rai | No. of Pages: 65 | No. of Figures: 34 | No. of Tables: 19 |
In 2024, Latvia`s import shipments of pneumatic casters were primarily sourced from Poland, China, Germany, UK, and Lithuania. Despite a negative CAGR of -14.61% from 2020 to 2024 and a further decline in growth rate by -16.19% from 2023 to 2024, the Herfindahl-Hirschman Index (HHI) indicated a moderate level of concentration in the market. This data suggests a challenging landscape for pneumatic caster imports in Latvia, with potential implications for market players to strategize and adapt to changing dynamics.

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 Pneumatic Caster Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Pneumatic Caster Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Pneumatic Caster Market - Industry Life Cycle |
3.4 Latvia Pneumatic Caster Market - Porter's Five Forces |
3.5 Latvia Pneumatic Caster Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Pneumatic Caster Market Revenues & Volume Share, By Load Capacity, 2021 & 2031F |
3.7 Latvia Pneumatic Caster Market Revenues & Volume Share, By Application, 2021 & 2031F |
3.8 Latvia Pneumatic Caster Market Revenues & Volume Share, By End User, 2021 & 2031F |
4 Latvia Pneumatic Caster Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for ergonomic and efficient material handling solutions |
4.2.2 Growth in the manufacturing and industrial sector in Latvia |
4.2.3 Rising focus on workplace safety and injury prevention |
4.3 Market Restraints |
4.3.1 Fluctuating raw material prices affecting production costs |
4.3.2 Competition from alternative material handling solutions like electric casters |
4.3.3 Impact of COVID-19 on supply chain disruptions and economic uncertainty |
5 Latvia Pneumatic Caster Market Trends |
6 Latvia Pneumatic Caster Market, By Types |
6.1 Latvia Pneumatic Caster Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Pneumatic Caster Market Revenues & Volume, By Type, 2021 - 2031F |
6.1.3 Latvia Pneumatic Caster Market Revenues & Volume, By Swivel Casters, 2021 - 2031F |
6.1.4 Latvia Pneumatic Caster Market Revenues & Volume, By Rigid Casters, 2021 - 2031F |
6.1.5 Latvia Pneumatic Caster Market Revenues & Volume, By Locking Casters, 2021 - 2031F |
6.1.6 Latvia Pneumatic Caster Market Revenues & Volume, By Custom Casters, 2021 - 2031F |
6.2 Latvia Pneumatic Caster Market, By Load Capacity |
6.2.1 Overview and Analysis |
6.2.2 Latvia Pneumatic Caster Market Revenues & Volume, By Below 200 lbs, 2021 - 2031F |
6.2.3 Latvia Pneumatic Caster Market Revenues & Volume, By 200-1000 lbs, 2021 - 2031F |
6.2.4 Latvia Pneumatic Caster Market Revenues & Volume, By Above 1000 lbs, 2021 - 2031F |
6.3 Latvia Pneumatic Caster Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 Latvia Pneumatic Caster Market Revenues & Volume, By Material Handling, 2021 - 2031F |
6.3.3 Latvia Pneumatic Caster Market Revenues & Volume, By Transport Equipment, 2021 - 2031F |
6.3.4 Latvia Pneumatic Caster Market Revenues & Volume, By Industrial Machinery, 2021 - 2031F |
6.3.5 Latvia Pneumatic Caster Market Revenues & Volume, By Aerospace Components, 2021 - 2031F |
6.3.6 Latvia Pneumatic Caster Market Revenues & Volume, By Automotive Assembly, 2021 - 2031F |
6.4 Latvia Pneumatic Caster Market, By End User |
6.4.1 Overview and Analysis |
6.4.2 Latvia Pneumatic Caster Market Revenues & Volume, By Warehouses, 2021 - 2031F |
6.4.3 Latvia Pneumatic Caster Market Revenues & Volume, By Logistics, 2021 - 2031F |
6.4.4 Latvia Pneumatic Caster Market Revenues & Volume, By Manufacturing, 2021 - 2031F |
6.4.5 Latvia Pneumatic Caster Market Revenues & Volume, By Aerospace Industry, 2021 - 2031F |
6.4.6 Latvia Pneumatic Caster Market Revenues & Volume, By Automotive Industry, 2021 - 2031F |
7 Latvia Pneumatic Caster Market Import-Export Trade Statistics |
7.1 Latvia Pneumatic Caster Market Export to Major Countries |
7.2 Latvia Pneumatic Caster Market Imports from Major Countries |
8 Latvia Pneumatic Caster Market Key Performance Indicators |
8.1 Average order value per customer |
8.2 Customer satisfaction and retention rate |
8.3 Number of new product innovations introduced |
8.4 Percentage of market share captured by pneumatic casters |
8.5 Rate of adoption of pneumatic casters in different industries |
9 Latvia Pneumatic Caster Market - Opportunity Assessment |
9.1 Latvia Pneumatic Caster Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Pneumatic Caster Market Opportunity Assessment, By Load Capacity, 2021 & 2031F |
9.3 Latvia Pneumatic Caster Market Opportunity Assessment, By Application, 2021 & 2031F |
9.4 Latvia Pneumatic Caster Market Opportunity Assessment, By End User, 2021 & 2031F |
10 Latvia Pneumatic Caster Market - Competitive Landscape |
10.1 Latvia Pneumatic Caster Market Revenue Share, By Companies, 2024 |
10.2 Latvia Pneumatic Caster 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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