PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1267376
PUBLISHER: Blueweave Consulting | PRODUCT CODE: 1267376
France Tire Market, By Type ; By Sales Channel (Original Equipment Manufacturer, Aftermarket); By Distribution channel ; By Construction, Trend Analysis, Competitive Landscape & Forecast, 2019-2029
France Tire Market Size Set to Grow Steadily to Reach USD 12.7 Million by 2029.
France tire market is flourishing due to the increasing vehicle sales, stringent government regulations, and adoption of technology advancements.
BlueWeave Consulting, a leading strategic consulting and market research firm, in its recent study, estimated France tire market size at USD 10.24 million in 2022. During the forecast period between 2023 and 2029, BlueWeave expects France tire market size to grow at a CAGR of 3.17% reaching a value of USD 12.67 million by 2029. The tire industry in France is expected to witness moderate growth in the upcoming years, driven by factors such as increased vehicle production and a surge in demand for replacement tires. The passenger car tire category is expected to hold a significant share of the market revenue, with a focus on sustainable and eco-friendly tire options and the integration of advanced technologies like tire pressure monitoring systems. Also, France tire market is expected to witness a boost from the rising trend of e-commerce channels for tire sales.
France Tire Market - Overview:
Every automobile requires a vital element called the automotive tire that ensures secure and effective mobility by providing grip and stability. This intricate device is composed of multiple materials and is designed to withstand different environmental factors and road conditions. Contemporary automotive tires utilize cutting-edge technology, including unique tread patterns and rubber compositions, to amplify fuel economy, reduce noise, and enhance maneuvering and stopping capabilities. The market for vehicle tires is vast, with a plethora of options catering to diverse needs and preferences, spanning from slick racing tires to tough off-road ones. The automotive tire industry is constantly evolving, with ongoing developments and enhancements, making it an essential and ever-evolving aspect of the transportation sector.
Impact of COVID-19 on France Tire Market
France tire market was hit hard by the COVID-19 pandemic, with government-imposed lockdowns and restrictions causing a significant drop in demand for both passenger and commercial vehicle tires in 2020. This led to a decline in revenue and production for tire manufacturers and dealers. However, as restrictions are eased and economic activity picks up, the market is expected to recover in the upcoming years. Also, the growth of the tire industry in France after the pandemic is expected to witness an increasing demand for high-end tires and the rising use of electric vehicles.
France Tire Market - By Sales Channel:
On the basis of sales channels, France tire market is divided into Original equipment manufacturer (OEM) and Aftermarket segments. The aftermarket segment dominates the France tire market by sales channel, as aftermarket tires are sold through various channels, such as independent tire dealers, specialty stores, online retailers, and hypermarkets, making them easily accessible to consumers. Additionally, the average lifespan of a tire is around 3-4 years, leading to frequent replacements and a continuous demand for replacement tires
Competitive Landscape:
France tire market is significantly competitive. Major companies in the market include Michelin, Bridgestone, Goodyear, Continental, Pirelli, Hankook, Dunlop, Cooper Tire & Rubber Company, Yokohama, and Nokian Tyres. These companies use various strategies, including increasing investments in their R&D activities, mergers, and acquisitions, joint ventures, collaborations, licensing agreements, and new product and service releases to further strengthen their position in the France tire market.
The in-depth analysis of the report provides information about growth potential, upcoming trends, and statistics of France Tire Market. It also highlights the factors driving forecasts of total market size. The report promises to provide recent technology trends in France Tire Market and industry insights to help decision-makers make sound strategic decisions. Furthermore, the report also analyzes the growth drivers, challenges, and competitive dynamics of the market.
Table of Contents
1. Research Framework
- 1.1. Research Objective
- 1.2. Product Overview
- 1.3. Market Segmentation
2. Executive Summary
3. France Tire Market Insights
- 3.1. Industry Value Chain Analysis
- 3.2. DROC Analysis
- 3.2.1. Growth Drivers
- 3.2.1.1. Increasing demand for passenger and commercial vehicles
- 3.2.1.2. Growing focus on safety and fuel efficiency of vehicles is expected to increase the demand for high-performance tires.
- 3.2.1.3. Increasing government initiatives to promote electric vehicles (EVs) in France may drive the demand for EV tires.
- 3.2.2. Restraints
- 3.2.2.1. The high cost of advanced tires
- 3.2.2.2. Fluctuating prices of raw materials
- 3.2.3. Opportunities
- 3.2.3.1. Growing demand for green tires that reduce fuel consumption and carbon emissions
- 3.2.3.2. The increasing popularity of online retailing
- 3.2.4. Challenges
- 3.2.4.1. The increasing competition from low-cost tire manufacturers from developing countries
- 3.2.4.2. The need for regular maintenance and replacement
- 3.2.1. Growth Drivers
- 3.3. Technology Advancements/Recent Developments
- 3.4. Regulatory Framework
- 3.5. Porter's Five Forces Analysis
- 3.5.1. Bargaining Power of Suppliers
- 3.5.2. Bargaining Power of Buyers
- 3.5.3. Threat of New Entrants
- 3.5.4. Threat of Substitutes
- 3.5.5. Intensity of Rivalry
4. France Tire Market Overview
- 4.1. Market Size & Forecast, 2019-2029
- 4.1.1. By Value (USD Million)
- 4.2. Market Share & Forecast
- 4.2.1. By Type
- 4.2.1.1. Passenger car tires
- 4.2.1.2. Light commercial vehicle tires
- 4.2.1.3. Heavy commercial vehicle tires
- 4.2.1.4. Off-road tires
- 4.2.1.5. Two-wheeler tires
- 4.2.1.6. Others
- 4.2.2. By Sales Channel
- 4.2.2.1. Original equipment manufacturer (OEM)
- 4.2.2.2. Aftermarket
- 4.2.3. By Distribution channel
- 4.2.3.1. Online
- 4.2.3.2. Offline
- 4.2.4. By Construction
- 4.2.4.1. Radial
- 4.2.4.2. Bias
- 4.2.1. By Type
5. Competitive Landscape
- 5.1. List of Key Players and Their Offerings
- 5.2. 3. France Tire Company Market Share Analysis, 2022
- 5.3. Competitive Benchmarking, By Operating Parameters
- 5.4. Key Strategic Developments (Mergers, Acquisitions, Partnerships, etc.)
6. Impact of Covid-19 on France Tire Market
7. Company Profile (Company Overview, Financial Matrix, Competitive Landscape, Key Personnel, Key Competitors, Contact Address, Strategic Outlook, SWOT Analysis)
- 7.1. Michelin
- 7.2. Bridgestone
- 7.3. Goodyear
- 7.4. Continental
- 7.5. Pirelli
- 7.6. Hankook
- 7.7. Dunlop
- 7.8. Cooper Tire & Rubber Company
- 7.9. Yokohama
- 7.10. Nokian Tyres
- 7.11. Other Prominent Players
8. Key Strategic Recommendations
9. Research Methodology
- 9.1. Qualitative Research
- 9.1.1. Primary & Secondary Research
- 9.2. Quantitative Research
- 9.3. Market Breakdown & Data Triangulation
- 9.3.1. Secondary Research
- 9.3.2. Primary Research
- 9.4. Breakdown of Primary Research Respondents, By Region
- 9.5. Assumptions & Limitations
*Financial information in case of non-listed companies can be provided as per availability.
**The segmentation and the companies are subject to modifications based on in-depth secondary research for the final deliverable.
List of Figures
- Figure 1 France Tire Segmentation
- Figure 2 France Tire Market Value Chain Analysis
- Figure 3 Company Market Share Analysis, 2022
- Figure 4 France Tire Market Size, By Value (USD Million), 2019-2029
- Figure 5 France Tire Market Share, By Type, By Value, 2019-2029
- Figure 6 France Tire Market Share, By Sales Channel, By Value, 2019-2029
- Figure 7 France Tire Market Share, By Application, By Value, 2019-2029
- Figure 8 France Tire Market Share, By Distribution channel, By Value, 2019-2029
- Figure 9 France Tire Market Share, By Construction, By Value, 2019-2029
List of Tables
- Table 1 France Tire Market Size, By Value (USD Million), 2019-2029
- Table 2 France Tire Market Share, By Type, By Value, 2019-2029
- Table 3 France Tire Market Share, By Sales Channel, By Value, 2019-2029
- Table 4 France Tire Market Share, By Application, By Value, 2019-2029
- Table 5 France Tire Market Share, By Distribution channel, By Value, 2019-2029
- Table 6 France Tire Market Share, By Construction, By Value, 2019-2029
- Table 7 Michelin Company Overview
- Table 8 Michelin Financial Overview
- Table 9 Bridgestone Company Overview
- Table 10 Bridgestone Financial Overview
- Table 11 Goodyear Company Overview
- Table 12 Goodyear Financial Overview
- Table 13 Continental Company Overview
- Table 14 Continental Financial Overview
- Table 15 Pirelli Company Overview
- Table 16 Pirelli Financial Overview
- Table 17 Hankook Company Overview
- Table 18 Hankook Financial Overview
- Table 19 Dunlop Company Overview
- Table 20 Dunlop Financial Overview
- Table 21 Cooper Tire & Rubber Company Company Overview
- Table 22 Cooper Tire & Rubber Company Financial Overview
- Table 23 Yokohama Company Overview
- Table 24 Yokohama Financial Overview
- Table 25 Nokian Tyres Company Overview
- Table 26 Nokian Tyres Financial Overview
- Table 27 Other Prominent Players Company Overview
- Table 28 Other Prominent Players Financial Overview
