| Product Code: ETC5405174 | 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 | |
The bicycle accessories import market in Latvia continues to show steady growth, with a CAGR of 4.18% from 2020 to 2024. In 2024, the top exporting countries to Latvia include Germany, Poland, Netherlands, Lithuania, and Bulgaria. The market concentration, as measured by the HHI, has increased significantly from high to very high in 2024. This indicates a more consolidated market landscape. The growth rate from 2023 to 2024 is notable at 6.64%, suggesting a positive trend in import shipments of bicycle accessories 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 Bicycle Accessories Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Bicycle Accessories Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Bicycle Accessories Market - Industry Life Cycle |
3.4 Latvia Bicycle Accessories Market - Porter's Five Forces |
3.5 Latvia Bicycle Accessories Market Revenues & Volume Share, By Product, 2021 & 2031F |
3.6 Latvia Bicycle Accessories Market Revenues & Volume Share, By Bicycle Type, 2021 & 2031F |
3.7 Latvia Bicycle Accessories Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.8 Latvia Bicycle Accessories Market Revenues & Volume Share, By Sales Channel, 2021 & 2031F |
4 Latvia Bicycle Accessories Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing popularity of cycling as a recreational activity and eco-friendly transportation option in Latvia |
4.2.2 Government initiatives promoting cycling infrastructure and safety measures |
4.2.3 Growing health and wellness trend leading to higher demand for fitness-related products like bicycle accessories |
4.3 Market Restraints |
4.3.1 Seasonal nature of cycling in Latvia due to harsh winters impacting sales of bicycle accessories |
4.3.2 Limited disposable income of consumers affecting their purchasing power for premium bicycle accessories |
4.3.3 Competition from online retailers and counterfeit products affecting market growth |
5 Latvia Bicycle Accessories Market Trends |
6 Latvia Bicycle Accessories Market Segmentations |
6.1 Latvia Bicycle Accessories Market, By Product |
6.1.1 Overview and Analysis |
6.1.2 Latvia Bicycle Accessories Market Revenues & Volume, By Helmets, 2021-2031F |
6.1.3 Latvia Bicycle Accessories Market Revenues & Volume, By Gloves & Warmers, 2021-2031F |
6.1.4 Latvia Bicycle Accessories Market Revenues & Volume, By Jerseys/Tees, 2021-2031F |
6.1.5 Latvia Bicycle Accessories Market Revenues & Volume, By LED Lights, 2021-2031F |
6.1.6 Latvia Bicycle Accessories Market Revenues & Volume, By Mirrors, 2021-2031F |
6.1.7 Latvia Bicycle Accessories Market Revenues & Volume, By Bottle Cages, 2021-2031F |
6.1.9 Latvia Bicycle Accessories Market Revenues & Volume, By Bar Ends/Grips, 2021-2031F |
6.1.10 Latvia Bicycle Accessories Market Revenues & Volume, By Bar Ends/Grips, 2021-2031F |
6.2 Latvia Bicycle Accessories Market, By Bicycle Type |
6.2.1 Overview and Analysis |
6.2.2 Latvia Bicycle Accessories Market Revenues & Volume, By Mountain Bikes, 2021-2031F |
6.2.3 Latvia Bicycle Accessories Market Revenues & Volume, By Hybrid/Cross, 2021-2031F |
6.2.4 Latvia Bicycle Accessories Market Revenues & Volume, By Road, 2021-2031F |
6.2.5 Latvia Bicycle Accessories Market Revenues & Volume, By Comfort, 2021-2031F |
6.2.6 Latvia Bicycle Accessories Market Revenues & Volume, By Youth, 2021-2031F |
6.2.7 Latvia Bicycle Accessories Market Revenues & Volume, By Cruisers, 2021-2031F |
6.2.8 Latvia Bicycle Accessories Market Revenues & Volume, By Others, 2021-2031F |
6.2.9 Latvia Bicycle Accessories Market Revenues & Volume, By Others, 2021-2031F |
6.3 Latvia Bicycle Accessories Market, By Type |
6.3.1 Overview and Analysis |
6.3.2 Latvia Bicycle Accessories Market Revenues & Volume, By OEM, 2021-2031F |
6.3.3 Latvia Bicycle Accessories Market Revenues & Volume, By Aftermarket, 2021-2031F |
6.4 Latvia Bicycle Accessories Market, By Sales Channel |
6.4.1 Overview and Analysis |
6.4.2 Latvia Bicycle Accessories Market Revenues & Volume, By Online, 2021-2031F |
6.4.3 Latvia Bicycle Accessories Market Revenues & Volume, By Offline, 2021-2031F |
7 Latvia Bicycle Accessories Market Import-Export Trade Statistics |
7.1 Latvia Bicycle Accessories Market Export to Major Countries |
7.2 Latvia Bicycle Accessories Market Imports from Major Countries |
8 Latvia Bicycle Accessories Market Key Performance Indicators |
8.1 Number of cycling events and competitions organized in Latvia |
8.2 Percentage of budget allocated by the government for cycling infrastructure development |
8.3 Growth in the number of cycling clubs and communities in Latvia |
9 Latvia Bicycle Accessories Market - Opportunity Assessment |
9.1 Latvia Bicycle Accessories Market Opportunity Assessment, By Product, 2021 & 2031F |
9.2 Latvia Bicycle Accessories Market Opportunity Assessment, By Bicycle Type, 2021 & 2031F |
9.3 Latvia Bicycle Accessories Market Opportunity Assessment, By Type, 2021 & 2031F |
9.4 Latvia Bicycle Accessories Market Opportunity Assessment, By Sales Channel, 2021 & 2031F |
10 Latvia Bicycle Accessories Market - Competitive Landscape |
10.1 Latvia Bicycle Accessories Market Revenue Share, By Companies, 2024 |
10.2 Latvia Bicycle Accessories Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations | 13 Disclaimer |