| Product Code: ETC5892201 | Publication Date: Nov 2023 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 |
In 2024, Latvia continued to see significant import shipments of torque converters, primarily sourced from top exporting countries such as Poland, Germany, Lithuania, Belgium, and Estonia. Despite a slight negative growth rate in 2024, the industry experienced a healthy Compound Annual Growth Rate (CAGR) of 8.01% from 2020 to 2024. The High Herfindahl-Hirschman Index (HHI) indicates a concentrated market, suggesting strong competition among the key exporting nations for a share of Latvia`s torque converter market.

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 Torque Converter Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Torque Converter Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Torque Converter Market - Industry Life Cycle |
3.4 Latvia Torque Converter Market - Porter's Five Forces |
3.5 Latvia Torque Converter Market Revenues & Volume Share, By Transmission Type, 2021 & 2031F |
3.6 Latvia Torque Converter Market Revenues & Volume Share, By Component, 2021 & 2031F |
3.7 Latvia Torque Converter Market Revenues & Volume Share, By Vehicle, 2021 & 2031F |
4 Latvia Torque Converter Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for automatic transmission vehicles in Latvia |
4.2.2 Technological advancements leading to improved torque converter efficiency |
4.2.3 Growing automotive industry in Latvia |
4.3 Market Restraints |
4.3.1 High initial investment required for torque converters |
4.3.2 Fluctuating raw material prices impacting manufacturing costs |
5 Latvia Torque Converter Market Trends |
6 Latvia Torque Converter Market Segmentations |
6.1 Latvia Torque Converter Market, By Transmission Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Torque Converter Market Revenues & Volume, By AT, 2021-2031F |
6.1.3 Latvia Torque Converter Market Revenues & Volume, By CVT, 2021-2031F |
6.1.4 Latvia Torque Converter Market Revenues & Volume, By DCT, 2021-2031F |
6.2 Latvia Torque Converter Market, By Component |
6.2.1 Overview and Analysis |
6.2.2 Latvia Torque Converter Market Revenues & Volume, By Clutch Plate, 2021-2031F |
6.2.3 Latvia Torque Converter Market Revenues & Volume, By Damper, 2021-2031F |
6.2.4 Latvia Torque Converter Market Revenues & Volume, By Impeller, 2021-2031F |
6.2.5 Latvia Torque Converter Market Revenues & Volume, By Turbine, 2021-2031F |
6.2.6 Latvia Torque Converter Market Revenues & Volume, By Stator, 2021-2031F |
6.3 Latvia Torque Converter Market, By Vehicle |
6.3.1 Overview and Analysis |
6.3.2 Latvia Torque Converter Market Revenues & Volume, By Passenger Car , 2021-2031F |
6.3.3 Latvia Torque Converter Market Revenues & Volume, By Commercial Vehicle, 2021-2031F |
7 Latvia Torque Converter Market Import-Export Trade Statistics |
7.1 Latvia Torque Converter Market Export to Major Countries |
7.2 Latvia Torque Converter Market Imports from Major Countries |
8 Latvia Torque Converter Market Key Performance Indicators |
8.1 Average fuel efficiency improvement attributed to torque converters |
8.2 Adoption rate of automatic transmission vehicles in Latvia |
8.3 Number of new product launches and innovations in the torque converter market |
9 Latvia Torque Converter Market - Opportunity Assessment |
9.1 Latvia Torque Converter Market Opportunity Assessment, By Transmission Type, 2021 & 2031F |
9.2 Latvia Torque Converter Market Opportunity Assessment, By Component, 2021 & 2031F |
9.3 Latvia Torque Converter Market Opportunity Assessment, By Vehicle, 2021 & 2031F |
10 Latvia Torque Converter Market - Competitive Landscape |
10.1 Latvia Torque Converter Market Revenue Share, By Companies, 2024 |
10.2 Latvia Torque Converter Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |