| Product Code: ETC4915335 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia saw a steady increase in rear-view mirror import shipments, with top exporting countries being Poland, Germany, Estonia, Sweden, and Lithuania. The market concentration, as measured by the Herfindahl-Hirschman Index (HHI), remained at a moderate level, indicating a competitive landscape. The compound annual growth rate (CAGR) from 2020 to 2024 was impressive at 13.61%, demonstrating sustained growth in the market. Additionally, the growth rate from 2023 to 2024 was 6.8%, signaling continued expansion and opportunities for market players in the rear-view mirror segment.

In the Europe region, the Rear-view Mirror market in Latvia is projected to expand at a stable growth rate of 3.94% by 2027. The largest economy is Germany, followed by United Kingdom, France, Italy and Russia.

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 Rear-view Mirror Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Rear-view Mirror Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Rear-view Mirror Market - Industry Life Cycle |
3.4 Latvia Rear-view Mirror Market - Porter's Five Forces |
3.5 Latvia Rear-view Mirror Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Rear-view Mirror Market Revenues & Volume Share, By Features, 2021 & 2031F |
3.7 Latvia Rear-view Mirror Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.8 Latvia Rear-view Mirror Market Revenues & Volume Share, By Mounting Location, 2021 & 2031F |
3.9 Latvia Rear-view Mirror Market Revenues & Volume Share, By Vehicle Type, 2021 & 2031F |
4 Latvia Rear-view Mirror Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for advanced safety features in vehicles |
4.2.2 Growth in the automotive industry in Latvia |
4.2.3 Rising awareness about road safety and regulations |
4.3 Market Restraints |
4.3.1 High initial cost of advanced rear-view mirror technologies |
4.3.2 Economic fluctuations impacting consumer purchasing power |
4.3.3 Presence of counterfeit or low-quality rear-view mirrors in the market |
5 Latvia Rear-view Mirror Market Trends |
6 Latvia Rear-view Mirror Market Segmentations |
6.1 Latvia Rear-view Mirror Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Rear-view Mirror Market Revenues & Volume, By Exterior Rear-view Mirror, 2021-2031F |
6.1.3 Latvia Rear-view Mirror Market Revenues & Volume, By Interior Rear-view Mirror, 2021-2031F |
6.2 Latvia Rear-view Mirror Market, By Features |
6.2.1 Overview and Analysis |
6.2.2 Latvia Rear-view Mirror Market Revenues & Volume, By Auto Dimming, 2021-2031F |
6.2.3 Latvia Rear-view Mirror Market Revenues & Volume, By Blind Spot Detection, 2021-2031F |
6.2.4 Latvia Rear-view Mirror Market Revenues & Volume, By Power Control, 2021-2031F |
6.2.5 Latvia Rear-view Mirror Market Revenues & Volume, By Automatic Foldable, 2021-2031F |
6.2.6 Latvia Rear-view Mirror Market Revenues & Volume, By Heated, 2021-2031F |
6.2.7 Latvia Rear-view Mirror Market Revenues & Volume, By Turn Signal Indicator, 2021-2031F |
6.3 Latvia Rear-view Mirror Market, By Product |
6.3.1 Overview and Analysis |
6.3.2 Latvia Rear-view Mirror Market Revenues & Volume, By Conventional Rear-view Mirror, 2021-2031F |
6.3.3 Latvia Rear-view Mirror Market Revenues & Volume, By Smart Rear-view Mirror, 2021-2031F |
6.4 Latvia Rear-view Mirror Market, By Mounting Location |
6.4.1 Overview and Analysis |
6.4.2 Latvia Rear-view Mirror Market Revenues & Volume, By Body Mounted, 2021-2031F |
6.4.3 Latvia Rear-view Mirror Market Revenues & Volume, By Door Mounted, 2021-2031F |
6.5 Latvia Rear-view Mirror Market, By Vehicle Type |
6.5.1 Overview and Analysis |
6.5.2 Latvia Rear-view Mirror Market Revenues & Volume, By Passenger Cars, 2021-2031F |
6.5.3 Latvia Rear-view Mirror Market Revenues & Volume, By Light Commercial Vehicles, 2021-2031F |
6.5.4 Latvia Rear-view Mirror Market Revenues & Volume, By Trucks, 2021-2031F |
6.5.5 Latvia Rear-view Mirror Market Revenues & Volume, By Buses, 2021-2031F |
7 Latvia Rear-view Mirror Market Import-Export Trade Statistics |
7.1 Latvia Rear-view Mirror Market Export to Major Countries |
7.2 Latvia Rear-view Mirror Market Imports from Major Countries |
8 Latvia Rear-view Mirror Market Key Performance Indicators |
8.1 Number of road accidents in Latvia |
8.2 Adoption rate of advanced rear-view mirror technologies |
8.3 Investment in RD for innovative rear-view mirror solutions |
8.4 Number of regulatory mandates related to vehicle safety features |
8.5 Consumer satisfaction and feedback on rear-view mirror products |
9 Latvia Rear-view Mirror Market - Opportunity Assessment |
9.1 Latvia Rear-view Mirror Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Rear-view Mirror Market Opportunity Assessment, By Features, 2021 & 2031F |
9.3 Latvia Rear-view Mirror Market Opportunity Assessment, By Product, 2021 & 2031F |
9.4 Latvia Rear-view Mirror Market Opportunity Assessment, By Mounting Location, 2021 & 2031F |
9.5 Latvia Rear-view Mirror Market Opportunity Assessment, By Vehicle Type, 2021 & 2031F |
10 Latvia Rear-view Mirror Market - Competitive Landscape |
10.1 Latvia Rear-view Mirror Market Revenue Share, By Companies, 2024 |
10.2 Latvia Rear-view Mirror Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |