france tyre market 2020 brochure

France Tyre Market Forecast & Opportunities , 2020

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

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

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Tyre Sales in France to Cross 50 Million Units by 2020

Rising automobile sales, growing production and improving macroeconomic outlook to drive France tyre marketsize.

According to TechSci Research report, “France Tyre Market Forecast and Opportunities, 2020”, tyre sales in Franceare anticipated to cross 50 million units by the end of 2020. Growth in the market is anticipated on account ofimproving macroeconomic scenario, rising average selling prices of tyres, growing vehicle fleet and favorablegovernment policies such as low interest rates. Furthermore, with growing internet penetration, various e-commerce websites are offering tyres with attractive deals and offers, which is also positively influencing thecountry’s tyre market.

France tyre market is majorly dominated by various tyre manufacturing giants such as Michelin, Goodyear Dunlop,Continental, Bridgestone, etc. Being a domestic player, Michelin is familiar with the local market scenario, andhence has an edge over other foreign players operating in the country. Region-wise, in 2014, Northern Franceaccounted for largest volume share in the country’s tyre market, and the same trend is anticipated to continuethrough 2020. Passenger car segment is forecast to dominate France tyre market over the next five years owing toincreasing passenger car sales, expanding passenger car fleet and growing purchasing power of the consumers.

“During 2010 - 2014, due to the impact of Eurozone crisis, automobile sector in the country could not deliver to itsfull potential, and consequently, automotive production declined during the same period. However, withcomparatively stable macroeconomic scenario, automobile production and sales are anticipated to grow in thecoming year, which is expected to boost tyre market in France during forecast period. Moreover, the country’sreplacement tyre demand is anticipated to grow at a higher pace in comparison to the OEM tyre demand over thecourse of next five years.” said Mr. Vishal Sain, Consultant with TechSci Research, a research based globalmanagement consulting firm.

http://www.techsciresearch.com/report/france-tyre-market-forecast-and-opportunities-2020/206.html

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

S. No. Contents

1. Research Methodology

2. Product Overview

3. Analyst View

4. France Tyre Production Overview

5. France Tyre 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

6. France Passenger Car (PC) Tyre Market Outlook






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




7.2.1. By Demand Category© TechSci Research

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S. No. Contents

8. France Off-the-Road (OTR) Tyre Market Outlook





9. France Two-Wheeler (2W) Tyre Market Outlook






10. France Medium and Heavy Commercial (M&HCV) Tyre Market Outlook






11. Import-Export Analysis

12. Market Dynamics

12.1. Drivers

12.2. Challenges

13. Market Trends & Developments

13.1. Increasing Online Sales © TechSci Research

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S. No. Contents

13.2. Sluggish Growth in Retread Tyre Market

13.3. Rising Winter Tyre Penetration

13.4. Growing Focus on Tyre Recycling

13.5. Increasing Penetration of Chinese Tyres

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

16.9. Kumho Tire France S.A.S.

16.10. Nokian Tyres PLC

17. Strategic Recommendations

18. About Us & Disclaimer

© TechSci Research

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

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© TechSci Research

Baseline Methodology:

For the study, TechSci Research has gathered information through primary research surveys with leadingtyre suppliers based in France, and subsequently, verified information from major dealers/distributors ofautomobile tyres 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 tyre 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 tyre report, bottom up model has been used, which has been later crossvalidated by using top down approach.

Tyre Production

TechSci Research has mapped production capacities of almost all tyre manufacturing units in France. Withthe help of a series of primary research surveys of all the major tyre 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 tyreplant as well as their respective plant locations, establishment dates and type of tyres manufactured.

Vehicle Sales & Fleet Size

The basic data points that are needed for the analysis of France tyre market are the historical, currentand forecast 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.

Tyre Demand

OEM Tyre Sales

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


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© TechSci Research

Replacement Tyre Sales

Replacement tyre 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 tyre ratio, which is obtained by conducting a series of surveys with car owners tounderstand the frequency of tyre 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 tyre is replaced per vehicle per year.

Example for passenger car replacement tyre demand calculation:

The calculated replacement tyre demand data is further analyzed by TechSci Research through Delphitechnique i.e. multiple rounds of telephonic interviews were conducted with tyre 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 Tyre Market

Passenger Car Fleet

Size (Volume)X

Replacement Ratio

(in %)X

No. of

Tyres=

Replacement Tyre

Demand

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

OEM Tyre Sales + Replacement Tyre Sales = Total Tyre Market


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© TechSci Research

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

Tyre Brands Mapping

TechSci Research has mapped all tyre 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 Tyre Type

401110 Motor Cars Passenger Car Tyre

401120 Bus or Lorries Tyres Commercial Vehicle Tyre

401140 Motorcycle Tyre Two-Wheeler Tyre

401161 Tyre Having a "Herring Bone"

OTR Tyre





401192 Agriculture Tyre

401193 Construction/Industrial Tyre

401194 Construction/Industrial Tyre

401199 Others Other Tyres

© TechSci Research

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

France Tyre Market Size, By Value (USD

Billion), By Volume (Million Unit), 2010-2020F

10 20 30 40 50 60 70 80 90 100 110

1530

4560

7590

105120

135150

165

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

Value (USD Billion) Volume (Million Unit)

1% 2% 3% 4% 5% 6% 7% 8% 9% 10% 11%

1.5% 1.6% 1.7% 1.8% 1.9% 2.0% 2.1% 2.2% 2.3% 2.4% 2.5%

4.0% 3.9% 3.8% 3.7% 3.6% 3.5% 3.4% 3.3% 3.2% 3.1% 3.0%

4.00%5.00%

6.00%7.00%

8.00%9.00%

10.00%11.00%

12.00%13.00%

14.00%

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

LCV 2W M&HCV OTR

France Tyre Market Share, By Vehicle Type, By Volume, 2010-2020F

France Tyre Market Share, By Region, By Volume, 2014 & 2020F

2014: X%

2020F: X%

2014: X% 2020F: X%

2014: X%2020F: X%

South Western France

Central France

Southern France

2014: X%

2020F: X%

2014: X%2020F: X%

2014: X%2020F: X%

Western France

Northern France

Eastern France

France Tyre Market Share, By Company, By Volume, 2010-2020F

0 0 0 0 0 0 010% 11% 12% 13% 14% 15% 16%8% 7% 6% 5% 4% 3% 2%10% 11% 12% 13% 14% 15% 16%

40% 41% 42% 43% 44% 45% 46%

2014 2015E 2016F 2017F 2018F 2019F 2020F

Michelin Goodyear Dunlop ContinentalBridgestone Others

France Off-The-Road Tyre Market Size, By Value (USD

Billion), By Volume (Million Unit), 2010-2020F

10 20 30 40 50 60 70 80 90 100 110

15 30 45 60 75 90 105 120 135 150 165

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

Value (USD Billion) Volume (Million Unit)

France Passenger Car Tyre Market Share, By Demand Category

(OEM vs Replacement), By Volume, 2010-2020F

23% 24% 25% 26% 27% 28% 29% 30% 31% 32% 33%

77% 76% 75% 74% 73% 72% 71% 70% 69% 68% 67%

2010 2011 2012 2013 2014 2015E 2016F 2017F 2018F 2019F 2020F

OEM Demand Replacement Demand

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

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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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