Industry Statistics and Rankings
How does this industry perform in Latvia compared to Europe?
Country Benchmarking
Industry Data Latvia
Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.
Revenue
#35 In EuropeBusiness
#28 In EuropeEmployees
#33 In EuropeWages
#34 In EuropeEuropean rubber product manufacturers are pivotal to downstream automotive, aviation, and construction industries. In recent years, the industry has operated in an increasingly challenging market environment with many globally active competitors; many European manufacturers have responded by outsourcing tyre and rubber product manufacturing, particularly in lower-quality segments. In addition, European tyre manufacturers are increasingly investing in sustainable and recycled tyre products, broadening their appeal to downstream markets.
Enterprises
Number of businesses in 2025
Biggest companies in the Rubber Product Manufacturing in Latvia
| Company | Market Share (%)
2025 | Revenue (€m)
2025 | Profit (€m)
2025 | Profit Margin (%)
2025 |
|---|
There are no companies that hold a large enough market share in the Rubber Product Manufacturing in Latvia industry for IBISWorld to include in this product.
Top Questions Answered in this Report
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What is the market size of the Rubber Product Manufacturing industry in Latvia in 2025?
The market size of the Rubber Product Manufacturing industry in Latvia is €9.4m in 2025.
How many businesses are there in the Rubber Product Manufacturing industry in Latvia in 2025?
There are 20 businesses in the Rubber Product Manufacturing industry in Latvia, which has declined at a CAGR of 3.2 % between 2020 and 2025.
Has the Rubber Product Manufacturing industry in Latvia grown or declined over the past 5 years?
The market size of the Rubber Product Manufacturing industry in Latvia has been declining at a CAGR of 12.4 % between 2020 and 2025.
What is the forecast growth of the Rubber Product Manufacturing industry in Latvia over the next 5 years?
Over the next five years, the Rubber Product Manufacturing industry in Latvia is expected to decline.
What does the Rubber Product Manufacturing industry in Latvia include?
Tyre manufacturing and Other rubber product manufacturing are part of the Rubber Product Manufacturing industry in Latvia.
How competitive is the Rubber Product Manufacturing industry in Latvia?
The level of competition is moderate and steady in the Rubber Product Manufacturing industry in Latvia.
Related Industries
This industry is covered in 37 countries
Domestic industries
Competitors
Complementors
Table of Contents
About this industry
Industry definition
Companies in this industry manufacture rubber tyres for vehicles, equipment, mobile machinery, aircraft, toys and furniture. They also manufacture pneumatic, solid and cushion tyres. Other rubber products manufactured by this industry include natural or synthetic rubber, like unvulcanised, vulcanised and hardened rubber products. Tube, pipe and hose production is also part of the industry.
Related Terms
VULCANISATIONPNEUMATIC TYRE / NON-PNEUMATIC TYRE COMPOUNDED RUBBER RETREADERSWhat's included in this industry?
Tyre manufacturing Other rubber product manufacturingCompanies
Industry Code
221 - Manufacture of rubber products in Latvia
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Performance
Revenue Highlights
Trends
- Revenue
- 2025 Revenue Growth
- Revenue Volatility
Employment Highlights
Trends
- Employees
- Employees per Business
- Revenue per Employee
Business Highlights
Trends
- Businesses
- Employees per Business
- Revenue per Business
Profit Highlights
Trends
- Total Profit
- Profit Margin
- Profit per Business
Current Performance
Charts
- Revenue
- Employees
- Business
- Profit
Analysis
What's driving current industry performance in the Rubber Product Manufacturing in Latvia industry?
Outlook
Analysis
What's driving the Rubber Product Manufacturing in Latvia industry outlook?
Volatility
Analysis
What influences volatility in the Rubber Product Manufacturing in Latvia industry?
Charts
- Industry Volatility vs. Revenue Growth Matrix
Life Cycle
Analysis
What determines the industry life cycle stage in the Rubber Product Manufacturing in Latvia industry?
Charts
- Industry Life Cycle Matrix
Products and Markets
Highlights
Trends
- Largest Market
- Product Innovation
Key Takeaways
Tyre manufacturers suffer amid a slump in downstream car production. European car manufacturers are lagging behind global competitors in the transition to electric vehicle production.
Products and Services
Charts
- Products and Services Segmentation
Analysis
How are the Rubber Product Manufacturing in Latvia industry's products and services performing?
Analysis
What are innovations in the Rubber Product Manufacturing in Latvia industry's products and services?
Major Markets
Charts
- Major Market Segmentation
Analysis
What influences demand in the Rubber Product Manufacturing in Latvia industry?
International Trade
Highlights
- Total Imports into Latvia
- Total Exports into Latvia
Heat maps
- Industry Concentration of Imports by Country
- Industry Concentration of Exports by Country
Data Tables
Value and annual change (%) included
- Number of Imports and Exports by European Country (2025)
Competitive Forces
Highlights
Trends
- Concentration
- Competition
- Barriers to Entry
- Substitutes
- Buyer Power
- Supplier Power
Key Takeaways
Major companies dominate the tyre segment. The industry comprises a handful of prominent manufacturers like Continental AG, Michelin and Pirelli. They hold a substantial market share in the tyre segment, while rubber product manufacturing is more fragmented.
Supply Chain
Charts
Buyer and supply industries
Geographic Breakdown
Business Locations
Heat maps
- Share of Total Industry Establishments by Region (2025)
Data Tables
- Number of Establishments by Region (2025)
Charts
- Share of Establishments vs. Population of Each Region
Analysis
What regions are businesses in the Rubber Product Manufacturing in Latvia located?
Companies
Data Tables
Top 0 companies by market share:
- Market share (2025)
- Revenue (2025)
- Profit (2025)
- Profit margin (2025)
External Environment
Highlights
Trends
- Regulation & Policy
- Assistance
Key Takeaways
Manufacturers must comply with REACH Regulation (EC) 1907/2006. The REACH Regulation governs the EU's registration, evaluation, authorisation and restriction of chemicals. The REACH regulation mainly concerns the chemicals used in rubber goods manufacturing, including plasticisers, colourants and other additives.
External Drivers
Analysis
What demographic and macroeconomic factors impact the Rubber Product Manufacturing in Latvia industry?
Financial Benchmarks
Highlights
Trends
- Profit Margin
- Average Wage
- Largest Cost
Key Takeaways
Rising purchase costs weigh on profit. Supply issues and volatile oil prices spurred a rise in rubber prices over the two years through 2024. The effects of the higher purchase costs on profit are compounded by economic uncertainty and rising inflation, weakening sales
Cost Structure
Charts
- Share of Economy vs. Investment Matrix
-
Industry Cost Structure Benchmarks:
- Marketing
- Depreciation
- Profit
- Purchases
- Wages
- Rent
- Utilities
- Other
Analysis
What trends impact cost in the Rubber Product Manufacturing in Latvia industry?
Key Ratios
Data tables
- IVA/Revenue (2015-2030)
- Imports/Demand (2015-2030)
- Exports/Revenue (2015-2030)
- Revenue per Employee (2015-2030)
- Wages/Revenue (2015-2030)
- Employees per Establishment (2015-2030)
- Average Wage (2015-2030)
Country Benchmarks
European Leaders & Laggards
Data Tables
Top and bottom five countries listed for each:
- Revenue Growth (2025)
- Business Growth (2025)
- Job Growth (2025)
European Country Performance
Data Tables
Rankings available for 37 countries. Statistics ranked include:
- IVA/Revenue (2025)
- Imports/Demand (2025)
- Exports/Revenue (2025)
- Revenue per Employee (2025)
- Wages/Revenue (2025)
- Employees per Establishment (2025)
- Average Wage (2025)
Structural Comparison
Data Tables
Trends in 37 countries benchmarked against trends in Europe
- Concentration
- Competition
- Barriers to Entry
- Buyer Power
- Supplier Power
- Volatility
- Capital Intensity
- Innovation
- Life Cycle
Key Statistics
Industry Data
Data Tables
Including values and annual change:
- Revenue (2015-2030)
- IVA (2015-2030)
- Establishments (2015-2030)
- Enterprises (2015-2030)
- Employment (2015-2030)
- Exports (2015-2030)
- Imports (2015-2030)
- Wages (2015-2030)
Methodology
Where does IBISWorld source its data?
IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.
Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights.
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