Latvia tire market was valued USD 0.06 Billion in 2019 and is projected to be valued USD 0.08 Billion by 2025 on the back of reviving economic scenario and implementation of favourable government policies. The demand for tires in Latvia is met through tire imports from various countries due to absence of domestic tire manufacturing in the country. Moreover, increasing volume sales of vehicles in the country and rapidly expanding fleet size are some other key factors which are propelling the growth of Latvia tire market. In addition to this, with increasing foreign investments and rising per capita income, the country’s tire market is poised to grow significantly over the next five years.

Latvia tire market is segmented based on vehicle type, demand category, radial vs bias and region. Based on vehicle type, the market can be categorized into passenger car, LCV, M&HCV, OTR and two-wheeler. Among them, the passenger car segment is forecast to dominate the overall Latvia tire market over the next five years owing to expanding passenger car fleet size in the country and their rising import. The segment is further expected to hold more than 89% market share by 2025.

Major companies operating in Latvia tire market are Continental AG, Pirelli & C. S.p.A., Bridgestone Baltic SIA, Goodyear Dunlop Tires Baltic OÜ, Toyo Tire & Rubber Co., Ltd., Hankook Tire Company Ltd., Yokohama Scandinavia AB, Cooper Tire & Rubber Company, Kumho Tire Co., Inc. and Nokian Tyres PLC. In 2019, Continental grabbed a major portion of market share in the country's tire market, and the company's dominance is expected to continue through 2025. Leading tire manufacturers are undergoing growth strategies such as product innovation, collaborations, mergers & acquisitions and joint ventures in order to strengthen their position in Latvia tire market.

Years considered for this report:

Historical Years: 2015-2018

Base Year: 2019

Estimated Year: 2020

Forecast Period: 2021–2025

Objective of the Study:

  • To analyze and forecast the market size of Latvia tire market.
  • To classify and forecast Latvia tire market based on vehicle type, demand category, radial vs bias, company and region.
  • To identify drivers and challenges for Latvia tire market.
  • To examine competitive developments such as expansions, new product launches, mergers & acquisitions, etc., in Latvia tire market.
  • To identify and analyze the profile of leading players involved in the manufacturing tires in Latvia.


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To perform the study, TechSci Research conducted primary as well as exhaustive secondary research. Initially, TechSci Research prepared an exhaustive list of tire dealers operating in the country. Subsequently, TechSci Research conducted primary research surveys, which included primary calls, email responses, etc., with the identified companies. While interviewing, the respondents were also asked about their major competitors. Through this technique, TechSci Research could include manufacturers which could not be identified due to the limitations of secondary research. TechSci Research analyzed product offerings, distribution channels and regional presence of all major tire suppliers across Latvia.

TechSci Research calculated the market size for Latvia tire using a bottom-up technique, wherein manufacturers’ volume sales data for different applications, was recorded as well as forecast for the future years. TechSci Research sourced these values from industry experts and company representatives, and externally validated through analyzing historical sales data of respective manufacturers to arrive at the overall market size. Multiple secondary sources such as directories, databases such as company websites, company annual reports, white papers, investor presentations and financial reports were also studied by TechSci Research.


Key Target Audience:

  • Tire manufacturers, suppliers, distributors and other stakeholders
  • Vehicle manufacturing companies
  • Raw material suppliers
  • Associations, organizations, forums and alliances related to tires
  • Government bodies such as regulatory authorities and policy makers
  • Market research and consulting firms

The study is useful in providing answers to several critical questions that are important for industry stakeholders such as vehicle manufacturers, distributors and dealers, and policy makers. The study would also help the stakeholders to target the growing segments over the coming years, thereby aiding them in taking investment decisions and facilitating their expansion.

Report Scope:

In this report, Latvia tire market has been segmented into following categories, in addition to the industry trends which have also been detailed below :

  • Latvia Tire Market, By Vehicle Type:

    • Passenger Car
    • Two-Wheeler
    • Medium & Heavy Commercial Vehicle
    • Light Commercial Vehicle
    • Off-The-Road Vehicle (OTR)
  • Latvia Tire Market, By Demand Category:
    • OEM
    • Replacement
  • Latvia Tire Market, By Tire Type:
    • Radial vs Bias
  • Latvia Tire Market, By Region:
    • Kurzeme
    • Zemgale
    • Latgale
    • Vidzeme

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in Latvia tire market.

Available Customizations:

With the given market data, TechSci Research offers customizations according a company’s specific needs. The following customization options are available for the report:

Company Information

  • Detailed analysis and profiling of additional market players (up to five).

Profit Margin Analysis

  • Profit margin analysis in case of direct and indirect sales channel.

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com

1.    Product Overview

2.    Research Methodology

3.    Impact of COVID-19 on Latvia Tire Market

4.    Executive Summary

5.    Voice of Customer

5.1.  Brand Awareness & Recall

5.2.  Brand Satisfaction

5.3.  Challenges & Unmet Needs

6.    Latvia Tire Market Outlook

6.1.  Market Size & Forecast

6.1.1.     By Value & Volume

6.2.  Market Share & Forecast

6.2.1.     By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-wheeler)

6.2.2.     By Demand Category (OEM Vs. Replacement)

6.2.3.     By Radial Vs Bias

6.2.4.     By Company (2020)

6.2.5.     By Region

6.3.  Market Attractiveness Index

6.3.1.     By Vehicle Type

7.    Latvia Passenger Car Tire Market Outlook

7.1.  Market Size & Forecast          

7.1.1.     By Value & Volume

7.2.  Market Share & Forecast

7.2.1.     By Vehicle Type

7.2.2.     By Demand Category

7.2.3.     By Radial Vs Bias

7.3.  Market Attractiveness Index

8.    Latvia Two-Wheeler Tire Market Outlook

8.1.  Market Size & Forecast          

8.1.1.     By Value & Volume

8.2.  Market Share & Forecast

8.2.1.     By Vehicle Type

8.2.2.     By Demand Category

8.2.3.     By Radial Vs Bias

8.3.  Market Attractiveness Index

9.    Latvia Medium & Heavy Commercial Vehicle Tire Market Outlook

9.1.  Market Size & Forecast          

9.1.1.     By Value & Volume

9.2.  Market Share & Forecast

9.2.1.     By Vehicle Type

9.2.2.     By Demand Category

9.2.3.     By Radial Vs Bias

9.3.  Market Attractiveness Index

10.  Latvia Light Commercial Vehicle Tire Market Outlook

10.1.              Market Size & Forecast

10.1.1.  By Value & Volume

10.2.              Market Share & Forecast

10.2.1.  By Vehicle Type

10.2.2.  By Demand Category

10.2.3.  By Radial Vs Bias

10.3.              Market Attractiveness Index

11.  Latvia OTR Tire Market Outlook

11.1.              Market Size & Forecast

11.1.1.  By Value & Volume

11.2.              Market Share & Forecast

11.2.1.  By Vehicle Type

11.2.2.  By Demand Category

11.2.3.  By Radial Vs Bias

11.3.              Market Attractiveness Index

12.  Market Dynamics

12.1.              Drivers

12.2.              Challenges

13.  Import Export Analysis

14.  Market Trends & Developments

15.  Policy and Regulatory & Landscape

16.  Latvia Economic Profile

17.  Competitive Landscape

17.1.              Competition Outlook

17.2.              Players Profiled (Leading Companies)

17.2.1.  Continental AG

17.2.1.1.      Company Overview

17.2.1.2.      Products & Services

17.2.1.3.      Financials (If available)

17.2.1.4.      Current & Future Strategy

17.2.1.5.      Key Management

17.2.1.6.      Contact Details

17.2.2.  Pirelli & C. S.p.A.

17.2.3.  Bridgestone Baltic SIA

17.2.4.  Goodyear Dunlop Tires Baltic OÜ

17.2.5.  Toyo Tire & Rubber Co., Ltd.

17.2.6.  Hankook Tire Company Ltd.

17.2.7.  Yokohama Scandinavia AB

17.2.8.  Cooper Tire & Rubber Company

17.2.9.  Kumho Tire Co., Inc.

17.2.10.                Nokian Tyres PLC

18.  Strategic Recommendations

19.  About Us & Disclaimer

                                                                                     (Note: The companies list can be customized based on the client requirements.)

In case you don’t find what you are looking for, please get in touch with our custom research team at sales@techsciresearch.com
  • List of Figures

     

    Figure 1: Latvia Tire Market - Factors Influencing Purchase Decision (N=75)

    Figure 2: Latvia Tire Market - Influencer of Purchase (N=75)

    Figure 3: Latvia Tire Market - Aided Brand Recall (N=75)

    Figure 4: Latvia Tire Market - Unaided Brand Recall (N=75)

    Figure 5: Latvia Tire Market Brand Satisfaction Level (N=75)

    Figure 6: Latvia Tire Market - Brand Satisfaction Level, By Lifetime (N=75)

    Figure 7: Latvia Tire Market - Brand Satisfaction Level, By Traction (N=75)

    Figure 8: Latvia Tire Market - Brand Satisfaction Level, By Vehicle Compatibility (N=75)

    Figure 9: Latvia Tire Market - Brand Satisfaction Level, By Frequency of Breakdown (N=75)

    Figure 10: Latvia Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 11: Latvia Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 12: Latvia Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 13: Latvia Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 14: Latvia Tire Market Share, By Region, By Volume, 2019 & 2025F

    Figure 15: Latvia Tire Market Share, By Region, By Volume, 2019-2025F

    Figure 16: Latvia Tire Market Supply Chain Model

    Figure 17: Latvia Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

    Figure 18: Latvia Passenger Car Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 19: Latvia Passenger Car Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 20: Latvia Passenger Car Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 21: Latvia Passenger Car Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 22: Latvia Passenger Car Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 23: Latvia Passenger Car Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

    Figure 24: Latvia Light Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 25: Latvia Light Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 26: Latvia Light Commercial Vehicle Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 27: Latvia Light Commercial Vehicle Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 28: Latvia Light Commercial Vehicle Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 29: Latvia Light Commercial Vehicle Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

    Figure 30: Latvia Medium & Heavy Commercial Vehicle Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 31: Latvia Medium & Heavy Commercial Vehicle Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 32: Latvia Medium & Heavy Commercial Vehicle Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 33: Latvia Medium & Heavy Commercial Vehicle Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 34: Latvia Medium & Heavy Commercial Vehicle Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 35: Latvia Medium & Heavy Commercial Vehicle Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

    Figure 36: Latvia Two-Wheeler Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 37: Latvia Two-Wheeler Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 38: Latvia Two-Wheeler Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 39: Latvia Two-Wheeler Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 40: Latvia Two-Wheeler Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 41: Latvia Two-Wheeler Tire Market Attractiveness Index, By Vehicle Type, By Volume,

    2019E-2025F

    Figure 42: Latvia Off-the-Road Tire Market Size, By Value (USD Billion), By Volume (Million Unit), 2015-2025F

    Figure 43: Latvia Off-the-Road Tire Market Share, By Vehicle Type, By Volume, 2015-2025F

    Figure 44: Latvia Off-the-Road Tire Market Share, By Radial Vs Bias, By Volume, 2015-2025F

    Figure 45: Latvia Off-the-Road Tire Market Share, By Company, By Volume, 2019 & 2025F

    Figure 46: Latvia OTR Tire Average Selling Price, By Y-o-Y Growth Rate, 2015-2025F

    Figure 47: Latvia Off-the-Road Tire Market Attractiveness Index, By Vehicle Type, By Volume, 2019E-2025F

     

    List of Tables

     

    Table 1: Prominent Tire Size in Latvia Passenger Car Tire Market, 2019

    Table 2: Prominent Tire Size in Latvia Light Commercial Vehicle Tire Market, 2019

    Table 3: Prominent Tire Size in Latvia Medium & Heavy Commercial Vehicle Tire Market, 2019

    Table 4: Prominent Tire Sizes in Latvia Two-Wheeler Tire Market, 2019

    Table 5: Prominent Tire Sizes in Latvia OTR Tire Market, 2019

    Table 6: Latvia Tire Imports, By Vehicle Type, By Value, 2015-2019 (USD Million)

    Table 7: Latvia Tire Exports, By Vehicle Type, By Value, 2015-2019 (USD Million)

    Table 8: Latvia Import Duties on Tires (Effective Since 2010)

    Table 9: Equivalent Passenger Unit Ratio (EPUs), By Tire Type (Applicable to Tire Importers, Vehicle Manufacturers and Miners)

    Table 10: Equivalent Passenger Unit Ratio (EPUs), By Tire Type (Applicable to Recyclers)