London, 23 June 2015: Technavio, the independent tech-focused global research firm, has published a report on the passenger car tires market in France 2015-2019, which is expected to grow at a CAGR of 2.73% during the forecast period of 2014-2019.
New car sales or the original equipment manufacturer markets for tires are expected to grow steadily during the forecast period due to improvement in economic conditions and correction in domestic demand. With improving economic conditions, car sales in the country are expected to pick up over the forecast period.
“There has been a great focus to protect the environment and to reduce greenhouse gas emissions. Hence, to address emission-related issues, new technological advancements are taking place in this industry” says Faisal Ghaus, Vice President of Technavio.
“Hybrids, plug-in hybrids, and EVs have now become the most viable solutions to emission problems. Therefore, tire manufacturers are making innovations in their product lines to suit the changing needs of the automotive industry.”
Key Market Drivers
- Growing Cab Services
- Growth in OEM Tires Market
- Demand from Replacement Tire Market
Key Market Trends
- Growing Focus on Green Tires
- Self-sealing Tires
- Development of Alternative Sources of Natural Rubber
- Tires Designed for EVs
Key Market Vendors
- Apollo Vredestein
- Bridgestone Europe
- Compagnie Générale des Établissements Michelin
- Continental AG
- Goodyear Dunlop (EMEA)
- Pirelli Tyres 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%…
