London, 01 April 2015: Technavio, the independent tech-focused global research firm, has published a report on the Winter Tire Market in France 2015-2019, which is expected to grow at a CAGR of 0.82 percent during the forecast period of 2014-2019.
The demand for automobiles directly influences the demand for winter tires and hence impacts the Winter Tire market in France. Increased demand for passenger vehicles and the continuously expanding Commercial Vehicle market in France is an important factor driving the growth of the Winter Tire market in France.
“Coupled with the awareness among consumers about safety and tires in general, the Tire market in the region has become even more competitive,” says Faisal Ghaus, Vice President of TechNavio.
“In order to counter that effectively, tire vendors have been differentiating their end products to strengthen their hold in the market, leading to product launches across the value spectrum.”
Key Market Drivers
- Growth in Replacement Tire Segment
- Increase in Safety Concerns
- Passenger Car Segment Driving Volume Growth in Market
- Benefits of Using Winter Tires
- Increased Investment by Tire Vendors
- New Product Launches by Key Manufacturers in Europe
Key Market Trends
- Emergence of High-performance Winter Tires
- Product Innovations by Vendors
- Growing Competition Among Vendors
- Buyers Prefer Motoring Magazine Advice to Less-understood Winter Tire Labels
Key Market Vendors
- Apollo Vredestein BV
- Bridgestone Corp.
- BRISA Bridgestone Sabanci Tire Manufacturing and Trading Inc.
- Continental AG
- Cooper Tire & Rubber Co.
- Dębica SA
- Deldo Autobanden NV
- Falken Tyre Europe GmbH
- Giti Tires Pte. Ltd.
- Goodyear Dunlop Tires Europe
- Goodyear Dunlop Tyres UK
- Hwa Fong Rubber Industries Co. Ltd.
- Kumho Tire Co. Inc.
- Maxxis International GmbH
- Michelin Corp.
- Nankang Rubber Tire Corp. Ltd.
- Nexen Tire Corp.
- Nokian Tyres Inc.
- Pirelli Tyre SpA
- ROSAVA Tires
- Sailun Group
- Sumitomo Rubber Industries Ltd.
- Toyo Tire & Rubber Co. Ltd.
- Triangle Group
- Vee Rubber Group
- Yokohama Rubber Co. Ltd
To define the market circumstances in the next 3-4 years, Technavio analysts have conducted in-depth analysis of the impact of market drivers, challenges and trends featuring data on product segmentations, vendor shares, growth rate by revenue and an evaluation of the different buying criteria in the order of importance.
https://www.technavio.com/%3Cp%3EIf%20you%20are%20interested%20in%20more%…
