| Product Code: ETC4947659 | Publication Date: Nov 2023 | Updated Date: Oct 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | No. of Pages: 60 | No. of Figures: 30 | No. of Tables: 5 | |
In 2024, Lithuania saw a steady increase in motor vehicle steering and suspension parts import shipments, with top exporting countries including Poland, Germany, Sweden, Spain, and Belgium. The market remained moderately concentrated, reflecting a healthy level of competition. The compound annual growth rate (CAGR) from 2020 to 2024 was strong at 9.0%, indicating a growing demand for these parts in the Lithuanian market. Despite a slight slowdown in growth rate from 2023 to 2024 (0.77%), the overall trend suggests a positive outlook for the industry in the coming years.
| 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 Lithuania Motor Vehicle Steering and Suspension Parts Market Overview | 
| 3.1 Lithuania Country Macro Economic Indicators | 
| 3.2 Lithuania Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, 2021 & 2031F | 
| 3.3 Lithuania Motor Vehicle Steering and Suspension Parts Market - Industry Life Cycle | 
| 3.4 Lithuania Motor Vehicle Steering and Suspension Parts Market - Porter's Five Forces | 
| 3.5 Lithuania Motor Vehicle Steering and Suspension Parts Market Revenues & Volume Share Segmentations, 2021 & 2031F | 
| 3.6 Lithuania Motor Vehicle Steering and Suspension Parts Market Revenues & Volume Share, By Application, 2021 & 2031F | 
| 4 Lithuania Motor Vehicle Steering and Suspension Parts Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.2.1 Increasing demand for automotive safety and comfort features | 
| 4.2.2 Growth in the automotive industry in Lithuania | 
| 4.2.3 Technological advancements in steering and suspension parts | 
| 4.3 Market Restraints | 
| 4.3.1 Fluctuating raw material prices affecting production costs | 
| 4.3.2 Impact of economic downturns on consumer spending on vehicle maintenance and repairs | 
| 5 Lithuania Motor Vehicle Steering and Suspension Parts Market Trends | 
| 6 Lithuania Motor Vehicle Steering and Suspension Parts Market Segmentations | 
| 6.1 Lithuania Motor Vehicle Steering and Suspension Parts Market Segmentations | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 Lithuania Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Steering Components, 2021-2031F | 
| 6.1.3 Lithuania Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Suspension Components, 2021-2031F | 
| 6.2 Lithuania Motor Vehicle Steering and Suspension Parts Market, By Application | 
| 6.2.1 Overview and Analysis | 
| 6.2.2 Lithuania Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Commercial Vehicle, 2021-2031F | 
| 6.2.3 Lithuania Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Passenger Car, 2021-2031F | 
| 7 Lithuania Motor Vehicle Steering and Suspension Parts Market Import-Export Trade Statistics | 
| 7.1 Lithuania Motor Vehicle Steering and Suspension Parts Market Export to Major Countries | 
| 7.2 Lithuania Motor Vehicle Steering and Suspension Parts Market Imports from Major Countries | 
| 8 Lithuania Motor Vehicle Steering and Suspension Parts Market Key Performance Indicators | 
| 8.1 Average age of vehicles in Lithuania | 
| 8.2 Number of vehicles on the road in Lithuania | 
| 8.3 Adoption rate of advanced steering and suspension technologies | 
| 9 Lithuania Motor Vehicle Steering and Suspension Parts Market - Opportunity Assessment | 
| 9.1 Lithuania Motor Vehicle Steering and Suspension Parts Market Opportunity Assessment Segmentations, 2021 & 2031F | 
| 9.2 Lithuania Motor Vehicle Steering and Suspension Parts Market Opportunity Assessment, By Application, 2021 & 2031F | 
| 10 Lithuania Motor Vehicle Steering and Suspension Parts Market - Competitive Landscape | 
| 10.1 Lithuania Motor Vehicle Steering and Suspension Parts Market Revenue Share, By Companies, 2024 | 
| 10.2 Lithuania Motor Vehicle Steering and Suspension Parts Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 13 Disclaimer |