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France Advanced Tires Market Competition Forecast & Opportunities, 2028

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    Report

  • 77 Pages
  • October 2023
  • Region: France
  • TechSci Research
  • ID: 4773049
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The France Advanced Tires Market achieved a valuation of USD 250 million in 2022 and is poised for robust growth in the forecast period, with a projected Compound Annual Growth Rate (CAGR) of 5.6% until 2028. Notably, the advanced tire market in France is undergoing significant growth and evolution. The country's automotive industry, renowned for its rich history and strong commitment to innovation, is driving the expansion of advanced tire technologies. France's dedication to sustainability and environmental concerns is propelling the adoption of advanced tire solutions focused on fuel efficiency and reduced emissions. With stringent carbon emissions regulations in place, tire manufacturers are increasingly developing environmentally friendly tire options that offer enhanced rolling resistance, thus contributing to improved fuel economy and reduced carbon footprints.

Furthermore, the French market is witnessing a growing interest in electric vehicles (EVs) and hybrid vehicles, which has brought about specific requirements for tires that align with the unique characteristics of these vehicle types. Tire manufacturers are investing in research and development to create tires optimized for EVs, addressing factors such as reduced noise, increased durability due to instant torque delivery, and improved energy efficiency. Safety continues to be a paramount concern in the French automotive landscape, and advanced tire technologies are playing a significant role in enhancing road safety. Tire pressure monitoring systems (TPMS) and smart tire technologies are gaining traction, enabling real-time monitoring of tire conditions and providing drivers with crucial information to prevent accidents caused by underinflated or damaged tires.

Additionally, the rise of connected vehicles and the Internet of Things (IoT) is impacting the advanced tire market. Tire sensors capable of transmitting data about tire performance, wear, and road conditions are being integrated into the broader vehicle communication network. This integration allows for predictive maintenance, improved driving experiences, and optimized vehicle performance. The collaborative approach of the French automotive industry, involving tire manufacturers, automotive companies, and research institutions, is fostering innovation and the development of cutting-edge tire technologies. This approach facilitates the adoption of advanced tire solutions that align with market trends and consumer preferences.

Key Market Drivers:

Environmental Sustainability and Regulations: France's emphasis on environmental sustainability and stringent carbon emissions regulations drives the development of eco-friendly tire solutions. Low rolling resistance tires, which enhance fuel efficiency and reduce emissions, align with the country's commitment to reducing its carbon footprint.

Fuel Efficiency and Economy: The demand for improved fuel efficiency drives the advanced tire market in France. Innovative tire technologies that minimize rolling resistance and enhance fuel economy resonate with both individual vehicle owners and commercial fleet operators seeking cost savings and environmental benefits.

Rise of Electric Vehicles (EVs) and Hybrids: The growing popularity of EVs and hybrids in France shapes the advanced tire market. Tire manufacturers are developing specialized tires that ensure low noise levels, extended tread life, and enhanced performance to accommodate the unique characteristics of these vehicles.

Focus on Safety and Performance: Advanced tire technologies contribute to improved road safety. Features like Tire Pressure Monitoring Systems (TPMS) and innovative tire materials enhance traction, grip, and handling, contributing to safer driving experiences.

Smart Tire Technologies and Connectivity: The integration of smart technologies into tires enables real-time monitoring of tire conditions and predictive maintenance, aligning with the trend of connected vehicles and IoT.

Collaborative Industry Approach: Collaboration between tire manufacturers, automotive companies, research institutions, and government bodies fosters innovation and supports the adoption of advanced tire solutions that respond to emerging trends and evolving consumer needs.

Shift in Consumer Preferences: Changing consumer preferences towards sustainability, fuel efficiency, and safety drive the development of advanced tire technologies that align with these preferences.

Research and Development Investments: Tire manufacturers and research institutions invest in R&D to develop cutting-edge tire technologies that meet evolving customer demands and adapt to the changing automotive landscape.

Key Market Challenges:

Cost and Affordability: Developing and producing advanced tire technologies can lead to higher manufacturing costs. Balancing the benefits with affordability is crucial to prevent these tires from becoming prohibitively expensive.

Consumer Education and Awareness: Educating consumers about the benefits of advanced tire features is essential for adoption. Many consumers may be unfamiliar with features like low rolling resistance or smart tire sensors.

Infrastructure Readiness for EVs: The unique characteristics of EVs pose challenges related to existing infrastructure readiness. Tire designs need to accommodate factors like instant torque delivery and increased weight due to battery systems.

Regulatory Landscape and Standards: Ensuring compliance with safety and environmental standards while staying ahead of evolving regulations is challenging. Harmonizing regulatory requirements across regions and aligning them with technological advancements is complex.

Technology Adoption Pace: Different consumer segments have varying adoption rates for new technologies. Striking a balance between catering to diverse consumer preferences and ensuring market viability for innovations is challenging.

Integration with Existing Vehicle Fleet: Integrating advanced tire technologies with the existing vehicle fleet is complex. Retrofitting older vehicles with features like smart tire sensors requires careful consideration.

Data Privacy and Security: Smart tire technologies raise concerns about data privacy and security. Robust data protection measures are essential to safeguard sensitive information from unauthorized access or hacking.

Key Market Trends:

Eco-Friendly and Sustainable Solutions: Growing demand for eco-friendly tires crafted with sustainable materials aligns with environmental awareness and regulatory standards.

Electric Vehicle (EV) Optimization: Tires optimized for EVs are gaining traction, accommodating unique EV characteristics and contributing to enhanced performance and efficiency.

Smart Tire Technology Adoption: The adoption of smart tire technologies is rising, driven by consumer demand for connectivity and real-time data insights.

Advanced Materials and Manufacturing Techniques: Innovations in tire materials and manufacturing methods enhance tire durability, performance, and sustainability.

Enhanced Safety Features: Tire technologies that enhance safety, such as TPMS, contribute to safer driving experiences.

Consumer-Centric Approach: The tire industry tailors offerings to cater to diverse consumer preferences, driving market growth.

Collaborative Ecosystem for Innovation: Collaboration fosters innovation, accelerates technology development, and supports the adoption of advanced tire solutions.

Segmental Insights:

Technology Type Insights:

The France Advanced Tires Market is witnessing notable innovation and growth, primarily driven by advancements in tire technology. Two prominent categories, Intelligent Tires and Self-Inflating Tires, are at the forefront of revolutionizing the automotive industry. Intelligent Tires, equipped with sensors that monitor parameters like temperature, pressure, and wear, offer real-time feedback to drivers, enhancing vehicle performance and safety. On the other hand, Self-Inflating Tires, designed to maintain optimal air pressure automatically, contribute to fuel efficiency and prolong tire life. These technological breakthroughs are reshaping the industry, offering superior driving experiences and bolstering safety measures

on the road. The integration of technology into tire manufacturing illustrates the industry's evolution to meet consumer needs effectively and embrace technological advancements.

Material Type Insights:

The France tire industry is experiencing rapid innovation, focusing on advanced and high-performance tires. These tires utilize sophisticated materials to provide excellent road grip, superior braking capabilities, and enhanced fuel efficiency. High-performance tires incorporate features like self-sealing and run-flat capabilities, improving road safety by reducing the impact of punctures. The market is also witnessing a trend towards sustainable and eco-friendly tires, manufactured using recycled or sustainable materials. Tire companies are investing in Research & Development to ensure that these eco-friendly tires meet high standards of performance, safety, and environmental sustainability. The shift towards technologically advanced and environmentally responsible tires underscores the industry's resilience and adaptability to evolving consumer preferences and regulations.

Regional Insights:

The advanced tire market in France is on a growth trajectory, driven by technological advancements and a demand for high-performance vehicles. These technologically sophisticated tires are sought after for their safety features, fuel efficiency, and durability. Notably, there is a growing emphasis on eco-friendly tires crafted with sustainable materials and manufacturing processes. Prominent tire manufacturers are investing in R&D to introduce innovative solutions that cater to changing consumer preferences and regulatory standards. The shift towards environmentally friendly and high-performance tires highlights the French tire industry's ability to adapt and innovate to meet market demands.

Key Market Players

Compagnie Générale des Établissements Michelin (CGEM)

Bridgestone Europe NV/SA

Continental Aktiengesellschaft

Goodyear France SAS

Pirelli & C. S.p.A.

Hankook Tire France SARL

Yokohama France SAS

Apollo Tyres Ltd.

Cooper Tire & Rubber Company France SARL

Kumho Tire Co., Inc.

Report Scope:

In this report, the France Advanced Tires Market has been segmented into the following categories, in addition to the industry trends which have also been detailed below:

France Advanced Tires Market, By Vehicle Type:

  • On-Highway
  • Off-Highway

France Advanced Tires Market, By Technology Type:

  • Chip-Embedded Tires
  • Self-Inflating Tires
  • TPMS
  • Multi Chambered Tires

France Advanced Tires Market, By Tire Type:

  • Run-Flat
  • Airless
  • Pneumatic

France Advanced Tires Market, By Material Type:

  • Natural Rubber
  • Synthetic Rubber
  • Steel
  • Elastomers
  • Others

France Advanced Tires Market, By Region:

  • Western
  • Northern
  • Central
  • Eastern
  • Southern

Competitive Landscape

Company Profiles: Detailed analysis of the major companies present in the France Advanced Tires Market.

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France Advanced Tires Market report with the given market data, the publisher offers customizations according to a company's specific needs.


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Frequently Asked Questions about the French Advanced Tires Market

What is the estimated value of the French Advanced Tires Market?

The French Advanced Tires Market was estimated to be valued at $250 Million in 2022.

What is the growth rate of the French Advanced Tires Market?

The growth rate of the French Advanced Tires Market is 5.6%, with an estimated value of $343.93 Million by 2028.

What is the forecasted size of the French Advanced Tires Market?

The French Advanced Tires Market is estimated to be worth $343.93 Million by 2028.

Who are the key companies in the French Advanced Tires Market?

Key companies in the French Advanced Tires Market include Compagnie Générale des Établissements Michelin (CGEM), Bridgestone Europe NV/SA, Continental Aktiengesellschaft, Goodyear France SAS, Pirelli & C. S.p.A., Hankook Tire France SARL, Yokohama France SAS, Apollo Tyres Ltd., Cooper Tire & Rubber Company France SARL and Kumho Tire Co., Inc..

Table of Contents

1. Introduction
1.1. Product Overview
1.2. Key Highlights of the Report
1.3. Market Coverage
1.4. Market Segments Covered
1.5. Research Tenure Considered
2. Research Methodology
2.1. Objective of the Study
2.2. Baseline Methodology
2.3. Key Industry Partners
2.4. Major Association and Secondary Sources
2.5. Forecasting Methodology
2.6. Data Triangulation & Validation
2.7. Assumptions and Limitations
3. Executive Summary
3.1. Market Overview
3.2. Market Forecast
3.3. Key Regions
3.4. Key Segments
4. Impact of COVID-19 on France Advanced Tires Market
5. Voice of Customer Analysis
5.1. Brand Awareness
5.2. Factors Influencing Purchase Decision
5.3. Brand Satisfaction
6. France Advanced Tires Market Outlook
6.1. Market Size & Forecast
6.1.1. By Volume
6.1.2. By Value
6.2. Market Share & Forecast
6.2.1. By Vehicle Type Market Share Analysis (On-Highway & Off-Highway)
6.2.2. By Technology Type Market Share Analysis (Chip-Embedded Tires, Self-Inflating Tires, TPMS & Multi Chambered Tires)
6.2.3. By Tire Type Market Share Analysis (Run-Flat, Airless & Pneumatic)
6.2.4. By Material Type Market Share Analysis (Natural Rubber, Synthetic Rubber, Steel, Elastomers, and Others)
6.2.5. By Regional Market Share Analysis
6.2.5.1. Western Region Market Share Analysis
6.2.5.2. Northern Region Market Share Analysis
6.2.5.3. Central Region Market Share Analysis
6.2.5.4. Eastern Region Market Share Analysis
6.2.5.5. Southern Region Market Share Analysis
6.2.6. By Company Market Share Analysis (Top 5 Companies, Others - By Value, 2022)
6.3. France Advanced Tires Market Mapping & Opportunity Assessment
6.3.1. By Vehicle Type Market Mapping & Opportunity Assessment
6.3.2. By Technology Type Market Mapping & Opportunity Assessment
6.3.3. By Tire Type Market Mapping & Opportunity Assessment
6.3.4. By Material Type Market Mapping & Opportunity Assessment
6.3.5. By Regional Market Mapping & Opportunity Assessment
7. France On-Highway Advanced Tires Market Outlook
7.1. Market Size & Forecast
7.1.1. By Volume
7.1.2. By Value
7.2. Market Share & Forecast
7.2.1. By Technology Type Market Share Analysis
7.2.2. By Tire Type Market Share Analysis
7.2.3. By Material Type Market Share Analysis
8. France Off-Highway Advanced Tires Market Outlook
8.1. Market Size & Forecast
8.1.1. By Volume
8.1.2. By Value
8.2. Market Share & Forecast
8.2.1. By Technology Type Market Share Analysis
8.2.2. By Tire Type Market Share Analysis
8.2.3. By Material Type Market Share Analysis
9. Porter’s Five Forces Model
9.1. Competitive Rivalry
9.2. Bargaining Powers of Suppliers
9.3. Bargaining Powers of Buyers
9.4. Threat of New Entrants
9.5. Threat of Substitutes
10. SWOT Analysis
10.1. Strength
10.2. Weakness
10.3. Opportunities
10.4. Threats
11. Market Dynamics
11.1. Market Drivers
11.2. Market Challenges
12. Market Trends and Developments13. Policy & Regulatory Landscape14. France Economic Profile
15. Competitive Landscape
15.1. Company Profiles (Up to 10 Major Companies)
15.1.1. Compagnie Générale des Établissements Michelin (CGEM)
15.1.1.1. Company Details
15.1.1.2. Key Product Offered
15.1.1.3. Recent Developments
15.1.1.4. Key Management Personnel
15.1.2. Bridgestone Europe NV/SA
15.1.2.1. Company Details
15.1.2.2. Key Product Offered
15.1.2.3. Recent Developments
15.1.2.4. Key Management Personnel
15.1.3. Continental AG
15.1.3.1. Company Details
15.1.3.2. Key Product Offered
15.1.3.3. Recent Developments
15.1.3.4. Key Management Personnel
15.1.4. Goodyear France SAS
15.1.4.1. Company Details
15.1.4.2. Key Product Offered
15.1.4.3. Recent Developments
15.1.4.4. Key Management Personnel
15.1.5. Pirelli & C. S.p.A.
15.1.5.1. Company Details
15.1.5.2. Key Product Offered
15.1.5.3. Recent Developments
15.1.5.4. Key Management Personnel
15.1.6. Hankook Tire France SARL
15.1.6.1. Company Details
15.1.6.2. Key Product Offered
15.1.6.3. Recent Developments
15.1.6.4. Key Management Personnel
15.1.7. Yokohama France SAS
15.1.7.1. Company Details
15.1.7.2. Key Product Offered
15.1.7.3. Recent Developments
15.1.7.4. Key Management Personnel
15.1.8. Apollo Tyres Ltd.
15.1.8.1. Company Details
15.1.8.2. Key Product Offered
15.1.8.3. Recent Developments
15.1.9. Cooper Tire & Rubber Company France SARL
15.1.9.1. Company Details
15.1.9.2. Key Product Offered
15.1.9.3. Recent Developments
15.1.10. Kumho Tire Co., Inc.
15.1.10.1. Company Details
15.1.10.2. Key Product Offered
15.1.10.3. Recent Developments
15.1.10.4. Key Management Personnel
16. Strategic Recommendations
16.1. Key Focus Areas
16.1.1. Target Regions
16.1.2. Target Vehicle Type
16.1.3. Target Technology Type
17. About the Publisher & Disclaimer

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Compagnie Générale des Établissements Michelin (CGEM)
  • Bridgestone Europe NV/SA
  • Continental Aktiengesellschaft
  • Goodyear France SAS
  • Pirelli & C. S.p.A.
  • Hankook Tire France SARL
  • Yokohama France SAS
  • Apollo Tyres Ltd.
  • Cooper Tire & Rubber Company France SARL
  • Kumho Tire Co., Inc.