The French manufacturing sector for rubber tyres and tubes, including retreading and rebuilding activities, showcases a steady growth trajectory. In 2023, the production was approximately 6.17 billion euros. The forecasted growth from 2024 to 2028 indicates an annual increase in production value, with a year-on-year growth rate averaging around 1.7%. This represents a cumulative growth in production reflecting a robust demand, with a five-year CAGR of approximately 1.7% as well.
Future trends to watch for:
- Technological advancements in tyre materials and manufacturing processes.
- Increased focus on sustainable and eco-friendly products.
- Impact of electric vehicles on tyre demand and specifications.
- Potential regulatory changes affecting the industry landscape.
