| Product Code: ETC5088501 | 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 significant increase in the concentration of rolling stock wheel imports, with top exporters being Ukraine, China, Czechia, Russia, and Lithuania. Despite a slight decline in growth rate from 2023, the Compound Annual Growth Rate (CAGR) over the past four years remained positive at 1.68%. The High Herfindahl-Hirschman Index (HHI) indicates a very high level of market concentration, suggesting a dominant presence of these key exporting countries in supplying rolling stock wheels to Latvia. This trend highlights the importance of market dynamics and trade relationships in shaping the import landscape for rolling stock 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 Worldwide Rolling Stock Wheel Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Worldwide Rolling Stock Wheel Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Worldwide Rolling Stock Wheel Market - Industry Life Cycle |
3.4 Latvia Worldwide Rolling Stock Wheel Market - Porter's Five Forces |
3.5 Latvia Worldwide Rolling Stock Wheel Market Revenues & Volume Share, By Product Type, 2021 & 2031F |
3.6 Latvia Worldwide Rolling Stock Wheel Market Revenues & Volume Share, By Applications, 2021 & 2031F |
4 Latvia Worldwide Rolling Stock Wheel Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for rolling stock in developing countries |
4.2.2 Technological advancements in rolling stock wheel materials and manufacturing processes |
4.2.3 Growth in railway infrastructure projects globally |
4.3 Market Restraints |
4.3.1 High initial investment and maintenance costs of rolling stock wheels |
4.3.2 Regulatory challenges and compliance requirements in the railway industry |
4.3.3 Competition from alternative modes of transportation |
5 Latvia Worldwide Rolling Stock Wheel Market Trends |
6 Latvia Worldwide Rolling Stock Wheel Market Segmentations |
6.1 Latvia Worldwide Rolling Stock Wheel Market, By Product Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Worldwide Rolling Stock Wheel Market Revenues & Volume, By Casting, 2021-2031F |
6.1.3 Latvia Worldwide Rolling Stock Wheel Market Revenues & Volume, By Forged, 2021-2031F |
6.2 Latvia Worldwide Rolling Stock Wheel Market, By Applications |
6.2.1 Overview and Analysis |
6.2.2 Latvia Worldwide Rolling Stock Wheel Market Revenues & Volume, By High Speed, 2021-2031F |
6.2.3 Latvia Worldwide Rolling Stock Wheel Market Revenues & Volume, By Freight Wagons, 2021-2031F |
6.2.4 Latvia Worldwide Rolling Stock Wheel Market Revenues & Volume, By Passenger Wagons, 2021-2031F |
6.2.5 Latvia Worldwide Rolling Stock Wheel Market Revenues & Volume, By Locos, 2021-2031F |
7 Latvia Worldwide Rolling Stock Wheel Market Import-Export Trade Statistics |
7.1 Latvia Worldwide Rolling Stock Wheel Market Export to Major Countries |
7.2 Latvia Worldwide Rolling Stock Wheel Market Imports from Major Countries |
8 Latvia Worldwide Rolling Stock Wheel Market Key Performance Indicators |
8.1 Average lifespan of rolling stock wheels |
8.2 Adoption rate of advanced wheel materials |
8.3 Efficiency of maintenance processes for rolling stock wheels |
9 Latvia Worldwide Rolling Stock Wheel Market - Opportunity Assessment |
9.1 Latvia Worldwide Rolling Stock Wheel Market Opportunity Assessment, By Product Type, 2021 & 2031F |
9.2 Latvia Worldwide Rolling Stock Wheel Market Opportunity Assessment, By Applications, 2021 & 2031F |
10 Latvia Worldwide Rolling Stock Wheel Market - Competitive Landscape |
10.1 Latvia Worldwide Rolling Stock Wheel Market Revenue Share, By Companies, 2024 |
10.2 Latvia Worldwide Rolling Stock Wheel Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |