| Product Code: ETC7920090 | 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 |
The import shipments of railroad wheels to Latvia in 2024 continued to be dominated by key suppliers such as Ukraine, China, Czechia, Russia, and Lithuania. The high concentration of the Herfindahl-Hirschman Index (HHI) in 2023 escalated to a very high level in 2024, indicating a significant level of market concentration among these top exporting countries. Despite a slight decline in the growth rate from 2023 to 2024, the compound annual growth rate (CAGR) over the 2020-2024 period remained positive at 1.68%, reflecting a steady expansion in the import market for railroad wheels 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 Rail Road Wheels Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Rail Road Wheels Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Rail Road Wheels Market - Industry Life Cycle |
3.4 Latvia Rail Road Wheels Market - Porter's Five Forces |
3.5 Latvia Rail Road Wheels Market Revenues & Volume Share, By Train Type, 2021 & 2031F |
4 Latvia Rail Road Wheels Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing government investments in railway infrastructure development |
4.2.2 Growing demand for efficient and reliable rail transportation services |
4.2.3 Technological advancements leading to improved wheel durability and performance |
4.3 Market Restraints |
4.3.1 High initial investment costs for rail wheel manufacturing and maintenance |
4.3.2 Fluctuating raw material prices impacting production costs |
4.3.3 Regulatory challenges and compliance requirements in the rail industry |
5 Latvia Rail Road Wheels Market Trends |
6 Latvia Rail Road Wheels Market, By Types |
6.1 Latvia Rail Road Wheels Market, By Train Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Rail Road Wheels Market Revenues & Volume, By Train Type, 2021- 2031F |
6.1.3 Latvia Rail Road Wheels Market Revenues & Volume, By Metro and Monorails, 2021- 2031F |
6.1.4 Latvia Rail Road Wheels Market Revenues & Volume, By Suburban Trains, 2021- 2031F |
6.1.5 Latvia Rail Road Wheels Market Revenues & Volume, By Long-Distance Trains, 2021- 2031F |
6.1.6 Latvia Rail Road Wheels Market Revenues & Volume, By Freight Trains, 2021- 2031F |
7 Latvia Rail Road Wheels Market Import-Export Trade Statistics |
7.1 Latvia Rail Road Wheels Market Export to Major Countries |
7.2 Latvia Rail Road Wheels Market Imports from Major Countries |
8 Latvia Rail Road Wheels Market Key Performance Indicators |
8.1 Average lifespan of rail wheels in operation |
8.2 Rate of adoption of advanced wheel materials and technologies |
8.3 Percentage of on-time rail services |
8.4 Efficiency of maintenance processes for rail wheels |
8.5 Number of new railway projects initiated or completed |
9 Latvia Rail Road Wheels Market - Opportunity Assessment |
9.1 Latvia Rail Road Wheels Market Opportunity Assessment, By Train Type, 2021 & 2031F |
10 Latvia Rail Road Wheels Market - Competitive Landscape |
10.1 Latvia Rail Road Wheels Market Revenue Share, By Companies, 2024 |
10.2 Latvia Rail Road Wheels Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |