france tire market forecast 2021 - brochure

France Tire Market Forecast & Opportunities , 2021

M a r k e t I n t e l l i g e n c e . C o n s u l t i n g

T a b l e o f C o n t e n t s

S. No. Contents

1. Product Overview

2. Research Methodology

3. Analyst View

4. France Tire Production Overview

5. France Tire Market Outlook

5.1. Market Size & Forecast

5.1.1. By Value & Volume

5.2. Market Share & Forecast

5.2.1. By Vehicle Type

5.2.2. By Region

5.2.3. By Company

5.2.4. By Demand Category

5.2.5. By Online Vs. Offline

6. France Passenger Car (PC) Tire Market Outlook






6.3. Prominent Tire Sizes

7. France Light Commercial Vehicle (LCV) Tire Market Outlook

7.1. Market Size & Forecast© TechSci Research

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S. No. Contents





8. France Medium and Heavy Commercial (M&HCV) Tire Market Outlook







9. France Off-the-Road (OTR) Tire Market Outlook







10. France Two-Wheeler (2W) Tire Market Outlook





10.2.2. By Demand Category© TechSci Research

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S. No. Contents


11. Import-Export Analysis

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

13.1. Increasing Tires Sales Through Online Channel

13.2. Sluggish Growth in Retread Tire Market

13.3. Rising Winter Tire Penetration

13.4. Increasing Penetration of Chinese Tires

13.5. Two-Wheeler – Fastest Growing Tire Segment

14. Policy & Regulatory Landscape

15. France Economic Profile

16. Competitive Landscape

16.1. Compagnie Generale Des Établissments Michelin SCA

16.2. Goodyear Dunlop Tires France

16.3. Continental France S.N.C.

16.4. Bridgestone France S.A.S.

16.5. Hankook Tires France S.A.R.L.

16.6. Yokohama France S.A.S.

16.7. Pneus Pirelli S.A.S

16.8. Cooper Tire & Rubber Company France SARL© TechSci Research

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S. No. Contents

16.9. Kumho Tire France S.A.S.

16.10. Nokian Tires PLC

17. Strategic Recommendations

18. About Us & Disclaimer

© TechSci Research

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P r o d u c t O v e r v i e w

Global tire supplier Michelin defines tire as, “A precisely engineered assembly of rubber,chemicals, fabric, and metal, designed to provide traction, cushion road shock andcarry a load under varying conditions.”

Classification According to Vehicle Type

Product Definition

Vehicle Segment Sub-Segment Customer Segment

Passenger Car

Sedan

IndividualsMUV & SUV

Other’s (include Multivan, Combi, etc.)

Light Commercial Vehicle (LCVs) N/ALogistics, Small Business

Entrepreneurs, etc.

Medium and Heavy Commercial Vehicle (M&HCV’s)

MCVTransport Companies, Logistics, Small Business Entrepreneurs HCV

OTR N/A

Farmers, Construction and Mining Companies, Military and

Adventure purposes, Sports & Racing

Two-WheelerMotorcycles and Scooters

IndividualsMopeds

N/A – Not Available

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R e s e a r c h M e t h o d o l o g y

© TechSci Research

Baseline Methodology:

For the study, TechSci Research has gathered information through primary research surveys with leadingtire suppliers based in France, and subsequently, verified information from major dealers/distributors ofautomobile tires in the country. We also put through an exhaustive search of credible paid databases suchas Business Week, Factiva, Hoovers, etc., including our internal database. Our team of analysts has thenprudently evaluated all the collected information and presented the same in chronological order to depict ameaningful and clear picture of the tire market in France.

While compiling the data, we have also cross checked all the collected information from multiple sourcesand data warehouses, so as to present the most accurate and precise information of the concernedindustry. We use innovative business model that focuses on improving productivity, which ensuringcreation of high-quality reports. The reports are prepared with in-depth primary research, followed byexhaustive secondary research.

Primary Research – Companies Dealers & Distributors Interviewed

Few of Sources of Secondary Research

S. No. Company Dealers & Distributor Names

1. Yokohama France S.A.S.

2. Nokian Tyres PLC

3. Kumho Tire France S.A.S.

4. Pneus Pirelli S.A.S

5. MAN Trucks

6. Renault Trucks

S. No. Secondary Source

1.European Tyre and Rubber Manufacturers

Association (ETRMA)

2.European Automotive Manufactures

Association (ACEA)

3. Eurostat

4.International Organization of Motor Vehicle

Manufacturers (OICA)

5.Comitè des Constructeurs Français

d'Automobiles (CCFA)

6.European Association of Motorcycle

Manufacturers (ACEM)

7. World Bank

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© TechSci Research

For the preparation of France tire report, bottom up model has been used, which has been later crossvalidated by using top down approach.

Tire Production

TechSci Research has mapped production capacities of almost all tire manufacturing units in France. Withthe help of a series of primary research surveys of all the major tire manufacturing companies in France,followed by cross validation through secondary sources such as company annual reports and industryassociations. TechSci Research has been successful in identifying the production capacities of each tireplant as well as their respective plant locations, establishment dates and type of tires manufactured.

Vehicle Sales & Fleet Size

The basic data points that are needed for the analysis of France tire market are the historical, current andforecast figures for vehicle sales and fleet size. Data for fleet size has been extracted through variousgovernment sources and credible data portals. TechSci Research has maintained a database for vehicleproduction, sales and fleet size for each vehicle segment (passenger cars, light commercial vehicle,medium & heavy commercial vehicles, two-wheelers & off-the-road vehicles), which is regularly updatedthrough various primary research surveys and secondary sources such as automotive associations &government publications.

Tire Demand

OEM Tire Sales

OEM tire demand has been calculated by multiplying the average number of tires per vehicle to the totalnumber of vehicle produced. For example, for two-wheeler segment, the average number of tires areconsidered to be two and for passenger cars, the average number of tires is five. Further, the averagenumber of tires for light commercial vehicles (LCVs), medium & heavy commercial vehicles (M&HCVs) andoff-the road (OTR) vehicles have been considered as 5, 7 and 4, respectively.

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© TechSci Research

Replacement Tire Sales

Replacement tire demand of a particular country is directly dependent on country’s vehicle fleet size andhistorical vehicle sales. The replacement demand is therefore extracted by multiplying the vehicle fleet withthe replacement tire ratio, which is obtained by conducting a series of surveys with car owners tounderstand the frequency of tire replacement as it varies for different countries depending upon factorssuch as road conditions, climate, economic and regulatory policies applicable in a country. The replacementratio is expressed as a percentage. For example, in case of passenger cars, replacement ratio is consideredto be 100% if four tire is replaced per vehicle per year.

Example for passenger car replacement tire demand calculation:

The calculated replacement tire demand data is further analyzed by TechSci Research through Delphitechnique i.e. multiple rounds of telephonic interviews were conducted with tire companiesdealers/distributors in France. The information thus gathered through primary interviews was cross-verifiedthrough industry experts and secondary sources such as annual reports and paid databases to generatemeaningful results.

Total Tire Market

OEM Tire Sales +Replacement Tre

Sales= Total Tire Market

Passenger Car

Fleet Size

(Volume)

X

Replacement

Ratio

(in %)

X No. of Tires =Replacement

Tire Demand

1,00,000 X 10% X 4 = 40,000 Tires

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© TechSci Research

The import and export figures for each HS Code have been depicted in Volume (Tons).

Tire Brands Mapping

TechSci Research has mapped all tire brands that are being sold in France. TechSci Research hasgathered this information through primary and secondary research. The brands that are being sold inFrance are further segmented into “domestically manufactured” and “domestically non-manufactured”categories. The objective behind brand mapping is to understand more about the competition such asmarket share, current targets, future strategy, etc.

Forecast

For forecasting the numbers, we have used Time Series Analysis along with Regression Analysis, followedby judgmental analysis as certain factors would always differ in France such as infrastructure condition,economic outlook, etc.

HS Code Description Tire Type

401110 Motor Cars Passenger Car Tire

401120 Bus or Lorries Tires Commercial Vehicle Tire

401140 Motorcycle Tire Two-Wheeler Tire

401161 Tire Having a "Herring Bone"

OTR Tire





401192 Agriculture Tire

401193 Construction/Industrial Tire

401194 Construction/Industrial Tire

401199 Others Other Tires

I n d u s t r y B r i e f

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France Tire Market to Grow at 6% CAGR through 2021

Rising automobile sales, growing production of automobiles and improving macroeconomic outlook to driveFrance tire market through 2021

According to TechSci Research report, “France Tire Market Forecast and Opportunities, 2021’’, tire market inFrance is forecast to grow at a CAGR of over 6% in value terms through 2021. Growth in the market isanticipated on account of improving macroeconomic scenario, rising average selling prices of tires and growingvehicle fleet. Furthermore, with growing internet penetration, various e-commerce websites are offering tireswith attractive deals and offers, which has been positively influencing the country’s tire market over the lastfew years.

France is one of the largest tire markets in the European region. France tire market is dominated by various tiremanufacturing giants such as Michelin, Goodyear Dunlop, Continental, and Bridgestone, among others. Being adomestic player, Michelin is familiar with the local market scenario, and hence, has an edge over other foreigntire players operating in the country. Region-wise, in 2015, Northern France accounted for largest volume sharein the country’s tire market, and the same trend is anticipated to continue through 2021. Further, passengercar segment is forecast to dominate France tire market over the next five years owing to increasing passengercar sales, expanding passenger car fleet and growing purchasing power of the consumers.

“During 2011 - 2015, due to the impact of Eurozone crisis, automobile sector in France could not deliver to itsfull potential, and consequently, tire industry in France was negatively affected due to decline in automotiveproduction during the same period. However, with comparatively stable macroeconomic scenario, automobileproduction and sales are anticipated to grow in the coming year, which is expected to boost tire market inFrance during forecast period. Moreover, the country’s replacement tire demand is anticipated to grow at ahigher pace in comparison to the OEM tire demand over the course of next five years.” said Mr. Karan Chechi,Research Director with TechSci Research, a research based global management consulting firm.

https://www.techsciresearch.com/report/france-tire-market-forecast-and-opportunities-2021/761.html

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S a m p l e D a t a - S n a p s h o t

France Tire Market Size, By Value (USD

Billion), By Volume (Million Unit), 2011-2021F

1 2 3 4 5 7 8 9 10 11 123 5 7 9 11 15 17 19 21 23 25

2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F

Value (USD Billion) Volume (Million Unit)

5% 5% 5% 5% 5% 5% 5%

10% 10% 10% 10% 10% 10% 10%

15% 15% 15% 15% 15% 15% 15%

20% 20% 20% 20% 20% 20% 20%

25% 25% 25% 25% 25% 25% 25%

30% 30% 30% 30% 30% 30% 30%

2015 2016E 2017F 2018F 2019F 2020F 2021F

North France Western France Southern France

Eastern France South Western France Central France

France Tire Market Share, By Region, By Volume, 2015-2021F

France Tire Market Share, By Region,

By Volume, 2015 & 2021F

2015: X%

2021F: X%

2015: X% 2021F: X%

2015: X%2021F: X%

South Western

France

Central France

Southern France

2015: X%

2021F: X% 2015: X% 2021F: X%

2015: X%2021F: X%

Western France

Northern France

Eastern France

France Tire Exports Share,

By Vehicle Type, By Value,

2015

PC, 25.00%

CV, 25.00%OTR,

25.00%

Two Wheeler, 25.00%PC,

25.00%

CV, 25.00%OTR,

25.00%

Two Wheeler, 25.00%

France Tire Imports

Share, By Vehicle

Type, By Value, 2015

France Medium & Heavy Commercial Vehicle Tire Market

Share, By Vehicle Type, By Volume, 2015-2021F

20% 20% 20% 20% 20% 20% 20% 20% 20% 20% 20%

80% 80% 80% 80% 80% 80% 80% 80% 80% 80% 80%

2011 2012 2013 2014 2015 2016E2017F2018F2019F2020F2021F

HCV MCV

France Passenger Car Tire Market Size, By Value

(USD Billion), By Volume (Million Unit), 2011-2021F

1 2 3 4 5 7 8 9 10 11 12

3 5 7 9 1115 17 19 21 23 25

2011 2012 2013 2014 2015 2016E 2017F 2018F 2019F 2020F 2021F

Value (USD Billion) Volume (Million Unit)

R e p o r t O r d e r i n g

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provides market research reports in a number of areas to organizations. The company uses innovative business models that focus on

improved productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both

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Disclaimer:

The contents of this report are based on information generally available to the public from sources believed to be reliable. No representation is made thatit is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sourcesincluding which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of anyinformation and it is not responsible for any errors or omissions or for the results obtained from the use of such information and especially states that ithas no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can changewithout notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage ofthe same for purpose other than internal will require prior approval of TechSci Research.

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