France Tire Market Size Global Opportunities, Historical Analysis, Development Status, Business Growth and Forecast 2022-2031
“A research report on France Tire Market was added by SDKI in its database which discusses the product as well as the scope of its market in detail. The report provides the business clients with an in-depth overview of the market, giving an analysis of the market trends, market size, market value and market growth over the forecast period on a compound as well as on a yearly basis. Further, the market study gives an overview of the industry on the basis of several factors such as the geographical extent, market segmentation, growth drivers and challenges prevalent in the market.
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With a population of around 66 million as of 2015, France is the largest country in the European Union. The country is the second largest manufacturer of tires in the region. Many large scale automobile manufacturers and tire companies are based in France, and thus demand for vehicles and tires in the country is being addressed through domestic production as well as imports. However, in the past, Eurozone Crisis impacted the country’s automotive production. Post the economic crisis, rising disposable income levels, increasing urbanization and growing infrastructure sector in the country is projected to drive demand for tires. Moreover, expansion of vehicle fleet size coupled with increasing FDI inflows in infrastructure sector are expected to positively influence the country’s tire demand over the next five years.
According to SDKI report, “France Tire Market Forecast & Opportunities, tire market in France is anticipated to grow at a CAGR of over 6%. The vehicle fleet of the country is dominated by passenger car segment, followed by light commercial vehicles segment. Consequently, passenger car tire segment dominated the country’s tire market in 2015 and the segment is anticipated to continue its dominance during the forecast period as well. In 2015, Northern France accounted for the largest share in the country’s tire market. Additionally, leading global tire companies operating in France include Michelin, Goodyear, Continental and Bridgestone, among others. “France Tire Market Forecast & Opportunities, report elaborates following aspects of tire market in France:
• France Tire Market Size, Share & Forecast
• Segmental Analysis – By Vehicle Type (Passenger Car Tires, Medium and Heavy Commercial Tires, Light Commercial Vehicle Tires, OTR Tires & Two-Wheeler Tires)
• Policy & Regulatory Landscape
• Changing Market Trends and Emerging Opportunities
• Competitive Landscape and Strategic Recommendations
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