Press Release

On-highway Vehicles to Lead France Advanced Tires Market till 2024

Growing premium car production and sales coupled with increasing technological advancements in connected cars and rising integration of autonomous features to drive France advanced tires market through 2024

According to TechSci Research report, France Advanced Tires Market By Vehicle Type, By Technology, By Tire Type, By Material Type, Competition, Forecast & Opportunities, 2024, France advanced tires market is projected to reach $ 333 million by 2024, backed by increasing production and sales of premium and luxury cars and growing integration of autonomous features in passenger cars. Advanced tires which include run-flat tires and airless tires have several advantages over regular tires, as run-flat tires can be driven generally up to 50-80kms in case of a puncture. Moreover, several tire manufacturers are spending extensively on their research & development activities to enhance their products, which in turn would fuel the country’s advanced tire market during forecast period.

Browse 1 market data Table and 35 Figures spread through 75 Pages and an in-depth TOC on "France Advanced Tires Market"

France advanced tires market can be segmented based on vehicle type, technology, tire type and material type. In terms of vehicle type, on-highway vehicles dominated the advanced tires market in 2018, as advanced tires have the maximum penetration in the passenger car segment. Moreover, advanced tire manufacturers are working extensively on advanced tires for commercial vehicles and military vehicles as well, and the trend is likely to continue during the forecast period. Based on technology, chip-embedded advanced tires account for the largest market share, owing to the technology’s longer duration in the industry. Based on tire type, demand for run-flat tires is anticipated to increase in coming years, owing to growing preference of automobile manufacturers to equip their automobiles with run-tires.

Continental, Cooper Tire, Michelin, Hankook, Bridgestone and Pirelli are few of the leading players operating in France advanced tires market. Companies operating in the market are using organic strategies such as product launches and collaborations in order to register positive growth in the market. Moreover, the companies are continuously trying to expand their product portfolio to attract automobile manufacturers towards their products. Over the next few years, growing technological advancements in the automotive industry and expanding research & development by several tire manufacturers in the advanced tires industry is expected to make advanced tires more affordable and more accessible to a wider range of consumers across the country.

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“Northern and Western France are the major demand generating regions in France advanced tires market. Early adoption of advanced tires coupled with high population density is supporting the demand for advanced tires in the regions, which account for a significant share of industrial, commercial and financial sectors in the country. Increasing production and sales of premium and luxury cars in these regions is helping to buoy the demand for advanced tires.”, said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

France Advanced Tires Market By Vehicle Type, By Technology, By Tire Type, By Material Type, Competition, Forecast & Opportunities, 2024 has evaluated the future growth potential of advanced tires market and provides statistics & information on market size, structure and future market growth. The report intends to provide cutting-edge market intelligence and help decision makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges and opportunities in France advanced tires market.

About TechSci Research

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