In 2023, the number of enterprises in the rubber tyres and tubes manufacturing sector in France stood at 22. Looking ahead, the forecast reveals a clear declining trend. By 2024, this is expected to reduce to 19, a 13.6% decrease. The sector will shrink further to 16 enterprises in 2025, marking a 15.8% drop. In 2026, a decline of 18.8% leads to just 13 enterprises, and by 2027, numbers fall to 10, a 23.1% reduction. By 2028, only 7 enterprises are forecasted, showing a 30% decrease. The compound annual growth rate over the five-year period indicates a substantial downward trend.
Future trends to watch for:
- Adoption of sustainable materials and eco-friendly technologies could influence enterprise survival.
- Potential consolidation in the sector, with mergers and acquisitions as a strategic move.
- Rising demand for electric vehicles may change the market demand dynamics for traditional rubber tyre producers.
- Progress in automation and digitalization may alter operational efficiencies, potentially affecting the number of enterprises.