| Product Code: ETC7919316 | Publication Date: Sep 2024 | Updated Date: Nov 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Shubham Padhi | No. of Pages: 75 | No. of Figures: 35 | No. of Tables: 20 |
The import shipments of portable wheel jacks to Latvia in 2024 showcase a diverse sourcing landscape, with top exporting countries including Poland, Lithuania, China, USA, and Netherlands. The market displays low concentration, as indicated by the Herfindahl-Hirschman Index (HHI). With a steady compound annual growth rate (CAGR) of 2.74% from 2020 to 2024 and a notable growth rate of 21.44% from 2023 to 2024, the Latvian market for portable wheel jacks continues to demonstrate promising expansion opportunities for international suppliers.

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 Portable Wheel Jack Market Overview |
3.1 Latvia Country Macro Economic Indicators |
3.2 Latvia Portable Wheel Jack Market Revenues & Volume, 2021 & 2031F |
3.3 Latvia Portable Wheel Jack Market - Industry Life Cycle |
3.4 Latvia Portable Wheel Jack Market - Porter's Five Forces |
3.5 Latvia Portable Wheel Jack Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Latvia Portable Wheel Jack Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Latvia Portable Wheel Jack Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Increasing demand for portable wheel jacks in the automotive industry for maintenance and repair purposes |
4.2.2 Growing focus on vehicle safety and maintenance leading to higher adoption of portable wheel jacks |
4.2.3 Technological advancements in portable wheel jack designs improving efficiency and ease of use |
4.3 Market Restraints |
4.3.1 High initial cost of portable wheel jacks limiting adoption among price-sensitive consumers |
4.3.2 Limited awareness about the benefits and functionalities of portable wheel jacks |
4.3.3 Competition from alternative solutions for lifting vehicles such as hydraulic jacks or ramps |
5 Latvia Portable Wheel Jack Market Trends |
6 Latvia Portable Wheel Jack Market, By Types |
6.1 Latvia Portable Wheel Jack Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Latvia Portable Wheel Jack Market Revenues & Volume, By Type, 2021- 2031F |
6.1.3 Latvia Portable Wheel Jack Market Revenues & Volume, By Hydraulic Portable Wheel Jack, 2021- 2031F |
6.1.4 Latvia Portable Wheel Jack Market Revenues & Volume, By Electric Portable Wheel Jack, 2021- 2031F |
6.1.5 Latvia Portable Wheel Jack Market Revenues & Volume, By Pneumatic Portable Wheel Jack, 2021- 2031F |
6.2 Latvia Portable Wheel Jack Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Latvia Portable Wheel Jack Market Revenues & Volume, By Mining, 2021- 2031F |
6.2.3 Latvia Portable Wheel Jack Market Revenues & Volume, By Automotive, 2021- 2031F |
6.2.4 Latvia Portable Wheel Jack Market Revenues & Volume, By Others, 2021- 2031F |
7 Latvia Portable Wheel Jack Market Import-Export Trade Statistics |
7.1 Latvia Portable Wheel Jack Market Export to Major Countries |
7.2 Latvia Portable Wheel Jack Market Imports from Major Countries |
8 Latvia Portable Wheel Jack Market Key Performance Indicators |
8.1 Average time taken for a portable wheel jack to lift a vehicle to a certain height |
8.2 Percentage of automotive workshops in Latvia using portable wheel jacks |
8.3 Number of new product innovations or features introduced in the portable wheel jack market |
8.4 Customer satisfaction ratings for portable wheel jacks based on user reviews or surveys |
8.5 Percentage of vehicle owners in Latvia conducting DIY maintenance using portable wheel jacks |
9 Latvia Portable Wheel Jack Market - Opportunity Assessment |
9.1 Latvia Portable Wheel Jack Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Latvia Portable Wheel Jack Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Latvia Portable Wheel Jack Market - Competitive Landscape |
10.1 Latvia Portable Wheel Jack Market Revenue Share, By Companies, 2024 |
10.2 Latvia Portable Wheel Jack Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |
Export potential enables firms to identify high-growth global markets with greater confidence by combining advanced trade intelligence with a structured quantitative methodology. The framework analyzes emerging demand trends and country-level import patterns while integrating macroeconomic and trade datasets such as GDP and population forecasts, bilateral import–export flows, tariff structures, elasticity differentials between developed and developing economies, geographic distance, and import demand projections. Using weighted trade values from 2020–2024 as the base period to project country-to-country export potential for 2030, these inputs are operationalized through calculated drivers such as gravity model parameters, tariff impact factors, and projected GDP per-capita growth. Through an analysis of hidden potentials, demand hotspots, and market conditions that are most favorable to success, this method enables firms to focus on target countries, maximize returns, and global expansion with data, backed by accuracy.
By factoring in the projected importer demand gap that is currently unmet and could be potential opportunity, it identifies the potential for the Exporter (Country) among 190 countries, against the general trade analysis, which identifies the biggest importer or exporter.
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