In 2023, the sold production of new pneumatic rubber tyres for motor cars in France was valued at approximately 920 million Euros. The forecast from 2024 to 2028 shows a consistent year-on-year decline in production value, with a projected drop from 861.27 million Euros in 2024 to 604.27 million Euros in 2028. This reflects a continuing downward trend, with notable annual percentage decreases, especially highlighting between 2027 and 2028. Over five years, the compound annual growth rate (CAGR) indicates a significant negative growth, emphasizing the persistent contraction in this market segment.
Future trends to watch include:
- Technological advancements in tyre manufacturing to enhance efficiency and sustainability.
- Potential shifts in consumer preference towards electric vehicles, impacting tyre specifications and demand.
- Regulatory changes and environmental policies influencing production processes and materials.
- Economic factors such as inflation and energy costs potentially affecting production costs and pricing.
