Press Release

France Tire Market to Be Dominated Passenger Vehicle Tires Through 2025

Increasing production and sale of premium cars are some key factors anticipated to support the growth of France tire market in coming years.

According to TechSci Research report, “France Tire Market By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-Wheeler and Three -Wheeler), By Demand Category (OEM Vs. Replacement), By Radial Vs Bias, By Region, Forecast & Opportunities, 2015- 2025”, France tire market was valued USD 4.47 Billion in 2019 and is expected to reach USD 5.92 Billion by 2025. Growing infrastructure sector, rising disposable income level and increasing urbanization in the country is projected to drive demand for tires in coming years. Moreover, expansion of vehicle fleet size coupled with increasing FDI inflows are positively influencing the France tire market growth.

France tire market is witnessing growth due to increasing penetration of winter tires and Chinese tires. The tire sale is now shifting more towards online channels owing to thriving e-commerce industry in France. Moreover, the proliferation of cab services in the country also provided a major push to the automotive market which led to a positive impact on car sales and later to the growth of tire market. However, fluctuating price of raw materials as well as oil prices are likely to hamper the growth of France tire market.

Browse 77 market data Figures and Tables spread through 115 Pages and an in-depth TOC on "France Tire Market"

France 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, two-wheeler and three -wheeler. Among them, the passenger car tire segment is projected to dominate the France tire market during the forecast period and hold a market share of around 85.06% by 2025. Based on demand category, France tire market is categorized into replacement vs OEM. Among the two, the replacement segment is poised to dominate the market during the forecast period owing to the distinguished properties that they offer such as flexible sidewalls, better puncture resistance and lower life-cycle cost.

Leading market players in France tire market are Compagnie Generale Des Établissments Michelin SCA, Bridgestone Europe NV/SA, Continental Aktiengesellschaft, Goodyear France SAS, Pirelli & C. S.p.A., Hankook Tire France SARL, Yokohama France SAS, Apollo Tires Ltd., Cooper Tire & Rubber Company France SARL and Kumho Tire Co., Inc.

“Region-wise, in 2019, Northern France accounted for the largest volume share in the country’s tire market, and the same trend is anticipated to continue through 2025. Moreover, growing focus of tire manufacturers on advanced technologies such as organic raw material, 3D printing and autonomous vehicles is expected to bolster the demand for tires in the country in coming years,” said Mr. Karan Chechi, Research Director with TechSci Research, a research based global management consulting firm.

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“France Tire Market By Vehicle Type (Passenger Car, LCV, M&HCV, OTR, Two-Wheeler and Three -Wheeler), By Demand Category (OEM Vs. Replacement), By Radial Vs Bias, By Region, Forecast & Opportunities, 2015- 2025” has analyzed the potential of France tire market, and provides information and statistics on market structure, size and trends. The report is designed to provide the intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. The report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by France tire market.

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