| Product Code: ETC4947654 | 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, Latvia saw a notable increase in the concentration of motor vehicle steering and suspension parts imports, with top exporters being Poland, Germany, Lithuania, Hungary, and Sweden. The industry experienced strong growth with a CAGR of 11.64% from 2020 to 2024, and a growth rate of 4.31% from 2023 to 2024. This shift towards high concentration indicates potential market dominance by key exporting countries, highlighting the importance of monitoring trends and developments in this sector for businesses operating in Latvia`s automotive 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 Motor Vehicle Steering and Suspension Parts Market Overview | 
| 3.1 Latvia Country Macro Economic Indicators | 
| 3.2 Latvia Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, 2021 & 2031F | 
| 3.3 Latvia Motor Vehicle Steering and Suspension Parts Market - Industry Life Cycle | 
| 3.4 Latvia Motor Vehicle Steering and Suspension Parts Market - Porter's Five Forces | 
| 3.5 Latvia Motor Vehicle Steering and Suspension Parts Market Revenues & Volume Share Segmentations, 2021 & 2031F | 
| 3.6 Latvia Motor Vehicle Steering and Suspension Parts Market Revenues & Volume Share, By Application, 2021 & 2031F | 
| 4 Latvia Motor Vehicle Steering and Suspension Parts Market Dynamics | 
| 4.1 Impact Analysis | 
| 4.2 Market Drivers | 
| 4.2.1 Increasing demand for vehicle safety and comfort features | 
| 4.2.2 Growing automotive industry in Latvia | 
| 4.2.3 Technological advancements leading to the development of innovative steering and suspension parts | 
| 4.3 Market Restraints | 
| 4.3.1 Fluctuating raw material prices impacting production costs | 
| 4.3.2 Intense competition from global and local steering and suspension parts manufacturers | 
| 4.3.3 Regulatory challenges and compliance requirements affecting market entry barriers | 
| 5 Latvia Motor Vehicle Steering and Suspension Parts Market Trends | 
| 6 Latvia Motor Vehicle Steering and Suspension Parts Market Segmentations | 
| 6.1 Latvia Motor Vehicle Steering and Suspension Parts Market Segmentations | 
| 6.1.1 Overview and Analysis | 
| 6.1.2 Latvia Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Steering Components, 2021-2031F | 
| 6.1.3 Latvia Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Suspension Components, 2021-2031F | 
| 6.2 Latvia Motor Vehicle Steering and Suspension Parts Market, By Application | 
| 6.2.1 Overview and Analysis | 
| 6.2.2 Latvia Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Commercial Vehicle, 2021-2031F | 
| 6.2.3 Latvia Motor Vehicle Steering and Suspension Parts Market Revenues & Volume, By Passenger Car, 2021-2031F | 
| 7 Latvia Motor Vehicle Steering and Suspension Parts Market Import-Export Trade Statistics | 
| 7.1 Latvia Motor Vehicle Steering and Suspension Parts Market Export to Major Countries | 
| 7.2 Latvia Motor Vehicle Steering and Suspension Parts Market Imports from Major Countries | 
| 8 Latvia Motor Vehicle Steering and Suspension Parts Market Key Performance Indicators | 
| 8.1 Average age of vehicles in Latvia | 
| 8.2 Number of road accidents related to steering and suspension issues | 
| 8.3 Adoption rate of advanced steering and suspension technologies | 
| 8.4 Customer satisfaction ratings for steering and suspension parts | 
| 8.5 Rate of new vehicle registrations in Latvia | 
| 9 Latvia Motor Vehicle Steering and Suspension Parts Market - Opportunity Assessment | 
| 9.1 Latvia Motor Vehicle Steering and Suspension Parts Market Opportunity Assessment Segmentations, 2021 & 2031F | 
| 9.2 Latvia Motor Vehicle Steering and Suspension Parts Market Opportunity Assessment, By Application, 2021 & 2031F | 
| 10 Latvia Motor Vehicle Steering and Suspension Parts Market - Competitive Landscape | 
| 10.1 Latvia Motor Vehicle Steering and Suspension Parts Market Revenue Share, By Companies, 2024 | 
| 10.2 Latvia Motor Vehicle Steering and Suspension Parts Market Competitive Benchmarking, By Operating and Technical Parameters | 
| 11 Company Profiles | 
| 12 Recommendations | 13 Disclaimer |