Published: May 2019 Market Intelligence . Consulting
2014-24 France Advanced Tires Market Outlook Market Forecast & Opportunities
1
Ta b l e o f C o n t e n t s
S. No.
Contents
1.
Product Overview
2.
Research Methodology
3.
Executive Summary
4.
Voice of Customer 4.1.
Product Awareness
4.2.
Brand Awareness
4.3.
Brand Recall
4.4.
Product Pricing
4.5.
Challenges & Unmet Needs
5.
France Advanced Tires Market Overview
6.
France Advanced Tires Market Outlook 6.1.
Market Size & Forecast 6.1.1.
6.2.
Market Share & Forecast 6.2.1.
6.3.
By Value & Volume By Vehicle Type (On-Highway Vehicle (Light Duty Vehicles and Heavy Duty Vehicles) and Off-Highway Vehicle (Agricultural Tractors, Construction & Mining Equipment and Industrial Equipment))
6.2.2.
By Technology (On-Highway Vehicle Technology (Chip-Embedded Tires, SelfInflating Tires, Multi-Chambered Tires and All-In-One Tires) and Off-Highway Vehicle Technology (TPMS, Chip-Embedded Tires, Self-Inflating Tires and Multi-Chambered Tires))
6.2.3.
By Tire Type (Run-Flat, Airless and Pneumatic)
6.2.4.
By Material Type (Natural Rubber, Synthetic Rubber, Steel and Others)
6.2.5.
By Region
Market Attractiveness Index Š TechSci Research
2
Ta b l e o f C o n t e n t s
S. No. 7.
Contents France On-Highway Vehicle Advanced Tires Market Outlook 7.1.
Market Size & Forecast 7.1.1.
7.2.
7.3. 8.
Market Share & Forecast 7.2.1.
By Tire Type
7.2.2.
By Material Type
7.2.3.
By Region
Market Attractiveness Index
France Off-Highway Vehicle Advanced Tires Market Outlook 8.1.
Market Size & Forecast 8.1.1.
8.2.
8.3. 9. 10.
By Value & Volume
By Value & Volume
Market Share & Forecast 8.2.1.
By Tire Type
8.2.2.
By Material Type
8.2.3.
By Region
Market Attractiveness Index
Price Point Analysis Market Dynamics 10.1.
Drivers
10.2.
Challenges
11.
Market Trends & Developments
12.
Policy & Regulatory Landscape
13.
France Economic Profile Š TechSci Research
3
Ta b l e o f C o n t e n t s
S. No. 14.
Contents Competitive Landscape 14.1.
Competition Outlook
14.2.
Company Profiles 14.2.1.
Compagnie Générale des Établissements Michelin (CGEM)
14.2.2.
Bridgestone Europe NV/SA
14.2.3.
Continental Aktiengesellschaft
14.2.4.
Goodyear France SAS
14.2.5.
Pirelli & C. S.p.A.
14.2.6.
Hankook Tire France SARL
14.2.7.
Yokohama France SAS
14.2.8.
Apollo Tyres Ltd.
14.2.9.
Cooper Tire & Rubber Company France SARL
14.2.10.
Kumho Tire Co., Inc.
15.
Strategic Recommendations
16.
About Us & Disclaimer
© TechSci Research
4
Product Overview
Product Definition Advanced tires can be defined as tires with technically advanced material properties. These tires may be equipped with advanced technologies such as embedded chips, self-inflating mechanism, multi-chambers, or all of these features for better driving experience. Advanced tires are generally used in high-end passenger car models, premium and luxury cars, heavy commercial vehicles, and heavy construction, agricultural and industrial equipment. Classification According to Vehicle Type Vehicle Segment
Sub-Segment
Light Duty Vehicles On-Highway Vehicles Heavy Duty Vehicles Agricultural Tractors
Off-Highway Vehicles
Construction & Mining Equipment Industrial Equipment
Assumptions Chip embedded tires covered in the report only include RFID chips. Š TechSci Research
5
Research Methodology
Market Profiling •In-depth secondary research was conducted to identify players in France advanced tires market, overall market size and segmental market size.
Data Collection
Research & Intelligence
Data Filter & Analysis
Actionable Insights
Business Solution
Formulating Questionnaire •In order to conduct interviews with industry experts, TechSci Research formulated a detailed questionnaire. Developing List of Respondents
❑
Identifying Key Opinion Leaders
❑ ❑
Questionnaire Design In-depth Interviews
•List of industry players and industry specialists was developed.
A Primary Research
B Desk Research
Data Collection •TechSci conducted interviews with industry experts and industry players for data collection and verification.
C
❑
Market Participants
❑
Key Strengths
❑
Recent Developments
❑
Market Changing Aspects/Dynamics Government Policies
❑ ❑
Company Analysis
Final Conclusion
Data Validation •Data obtained as a result of primary and secondary research was validated through rigorous triangulation. Data Analysis •The data was scrutinized using MS-Excel and statistical tools, such as Time Series Analysis, etc., to obtain qualitative and quantitative insights about France advanced tires market.
Primary Research ❑ ❑
LinkedIn TechSci Internal Database
Secondary Research ❑ ❑ ❑ ❑ ❑ ❑
Company Websites Company Annual Reports White Paper Study Financial Reports Investor Presentations Regulatory Body, Associations, etc.
Paid Sources ❑ ❑
Factiva Hoovers
© TechSci Research
6
Research Methodology
Baseline Methodology: For the study, TechSci Research has gathered information through primary research surveys with leading tire manufacturers in various regions in the country, and subsequently, verified information from prominent companies engaged in manufacturing tires across the country. Exhaustive search of credible paid databases such as Factiva and Hoovers, including our internal database was also carried out. Our team of analysts has then prudently evaluated all the collected information and presented the same in a chronological order to depict a meaningful and clear picture of France advanced tires market. While compiling the data, we have also cross checked all the collected information from multiple sources and data warehouses, so as to present the most accurate and precise information of the concerned industry. We use innovative business model that focuses on improving productivity, while ensuring creation of high-quality reports.
Primary Research – Prominent Companies & Associations Interviewed S. No.
Company Name
Some Sources of Secondary Research
S. No.
Secondary Research Sources
1
International Organization of Motor Vehicle Manufacturers (OICA)
2
European Automobile Manufacturers Association (ACEA)
3
European Tyre & Rubber Manufacturers’ Association (ETRMA)
4
French Automobile Manufacturers' Association (CCFA)
Pirelli
5
World Bank
Hankook
6
IMF
1
Goodyear
2
Michelin
3
Continental
4
Bridgestone
5
Cooper Tire
6 7
© TechSci Research
7
Research Methodology Forecasting Technique:
The team has done forecasting on the basis of econometric and judgemental analysis in addition to statistical techniques, such as averaging and geometric mean. During primary interviews, questions regarding historical trends of France advanced tires market during the last five years were put forward. Respondents were asked about the current and future growth rates and market shares by type in the regions. In order to forecast France advanced tires market, following forecast techniques have been used:
•
Time Series Analysis
•
Econometric and Judgmental Analysis
•
Moving Average
© TechSci Research
8
I N D U ST RY B R I E F According to TechSci Research report, “France Advanced Tires Market By Vehicle Type, By Technology, By Tire Type, By Material Type, Competition, Forecast & Opportunities, 2024”, France advanced tires market is projected to reach $ 333 million by 2024, backed by increasing production and sales of premium and luxury cars and growing integration of autonomous features in passenger cars. Advanced tires which include run-flat tires and airless tires have several advantages over regular tires, as run-flat tires can be driven generally up to 50-80kms in case of a puncture. Moreover, several tire manufacturers are spending extensively on their research & development activities to enhance their products, which in turn would fuel the country’s advanced tire market during forecast period.
France advanced tires market can be segmented based on vehicle type, technology, tire type and material type. In terms of vehicle type, on-highway vehicles dominated the advanced tires market in 2018, as advanced tires have the maximum penetration in the passenger car segment. Moreover, advanced tire manufacturers are working extensively on advanced tires for commercial vehicles and military vehicles as well, and the trend is likely to continue during the forecast period. Based on technology, chip-embedded advanced tires account for the largest market share, owing to the technology’s longer duration in the industry. Based on tire type, demand for run-flat tires is anticipated to
increase in coming years, owing to growing preference of automobile manufacturers to equip their automobiles with run-tires.
Continental, Cooper Tire, Michelin, Hankook, Bridgestone and Pirelli are few of the leading players operating in France advanced tires market. Companies operating in the market are using organic strategies such as product launches and collaborations in order to register positive growth in the market. Moreover, the companies are continuously trying to expand their product portfolio to attract automobile manufacturers towards their products. Over the next few years, growing technological advancements in the automotive industry and expanding research & development by several tire manufacturers in the advanced tires industry is expected to make advanced tires more affordable and more accessible to a wider range of consumers across the country.
“Northern and Western France are the major demand generating regions in France advanced tires market. Early adoption of advanced tires coupled with high population density is supporting the demand for advanced tires in the regions, which account for a significant share of industrial, commercial and financial sectors in the country. Increasing production and sales of premium and luxury cars in these regions is helping to buoy the demand for advanced tires.”, said Mr. Karan Chechi, Research Director with TechSci
Research, a research based global management consulting firm. © TechSci Research
9
S A M P L E D ATA - S N A P S H O T France Advanced Tires Market Size, By Value (USD Million), By Volume (Thousand Unit), 2014-2024F CAGR 2019E-2024F
CAGR 2014-2018
By Value: xx% By Volume: xx%
By Value: xx% By Volume: xx%
2014
2015
2016 2017 2018 Value (USD Million)
2019E 2020F 2021F 2022F Volume (Thousand Unit)
2023F
2024F
France Advanced Tires Market Share, By Technology, By Volume, 2018 & 2024F OffHighway, 60.00%
OffHighway, 60.00%
2018
2024F
OnHighway, 40.00%
OnHighway, 40.00%
France Off-Highway Vehicle Advanced Tires Market Size, By Value (USD Million), By Volume (Thousand Unit), 2014-2024F
2014
2015
CAGR 2014-2018
CAGR 2019E-2024F
By Value: xx% By Volume: xx%
By Value: xx% By Volume: xx%
2016
2017
2018
Value (USD Million)
2019E
2020F
2021F
2022F
Volume (Thousand Unit)
2023F
2024F © TechSci Research
10
RE PORT ORDE RING
Report Name: France Advanced Tires Market Outlook Market Forecast & Opportunities 2014-24
License Type
Price
Single User License
$3450
Multi-User License
$4450
Custom Research License
$8450
To View Sample OR Purchase Report
Š TechSci Research
11
About Us & Disclaimer
TechSci Research is a global market research and consulting company with offices in the US, UK and India. TechSci Research provides market research reports in a number of areas to organizations. The company uses innovative business
Partial List of Clients
models that focus on improving productivity, while ensuring creation of high-quality reports. The proprietary forecasting models use various analyses of both industry-specific and macroeconomic variables on a state-by-state basis to produce a unique ‘bottom-up’ model of a country, regional and global industry prospects. Combined with the detailed analysis of company activity and industry trends, the result is a uniquely rich evaluation of the opportunities available in the market.
Related Reports
•
Global Off-Road Vehicles Market Forecast & Opportunities, 2024
•
Europe & CIS All Terrain Vehicle Market Forecast & Opportunities, 2023
•
Global Van Market Forecast & Opportunities, 2023
TechSci Research – North America 708 Third Avenue, Manhattan, New York, United States Tel: +1- 646- 360- 1656 Email: sales@techsciresearch.com www.techsciresearch.com
TechSci Research – Europe 54, Old brook, Bretton, Peterborough, United Kingdom Email: sales@techsciresearch.com www.techsciresearch.com
TechSci Research – Asia-Pacific B – 44, Sector – 57, Noida, National Capital Region, U.P. - India Tel: +91-120-4523900 Email: sales@techsciresearch.com www.techsciresearch.com
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 that it is timely, accurate or complete. TechSci Research has taken due care and caution in compilation of data as this has been obtained from various sources including which it considers reliable and first hand. However, TechSci Research does not guarantee the accuracy, adequacy or completeness of any information 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 it has no financial liability whatsoever to the subscribers / users of this report. The information herein, together with all estimates and forecasts, can change without notice. All the figures provided in this document are indicative of relative market size and are strictly for client’s internal consumption. Usage of the same for purpose other than internal will require prior approval of TechSci Research. © TechSci Research
12