In 2023, the turnover in the rubber tyres and tubes, retreading and rebuilding of rubber tyres manufacturing sector in France was recorded at €12.15 billion. The forecast from 2024 to 2028 indicates a steady growth in this sector, with turnovers projected to increase from €12.52 billion in 2024 to €13.97 billion by 2028. This reflects a stable year-on-year growth, with an average annual compound growth rate, or CAGR, of approximately 2.7% over the forecasted period.
Future trends to watch for:
- Sustainable manufacturing practices to reduce carbon footprint in tyre production.
- Integration of advanced technologies like AI and IoT for production efficiency.
- Emergence of new materials enhancing tyre durability and recyclability.
- Potential impact of regulatory changes within the EU driving innovation and compliance.