The forecast for rubber tyres and tubes production value in France from 2024 to 2028 indicates a consistent upward trend, with projected values rising from €6.27 billion in 2024 to €6.69 billion by 2028. In 2023, the market stood at around €6.17 billion, marking a notable year-on-year growth of approximately 1.6% from 2023 to 2024. Over the forecast period, the year-on-year growth stabilizes around 1.6%. The compound annual growth rate (CAGR) from 2024 to 2028 is expected to average around 1.65%, reflecting steady expansion in the market.
Future trends to watch for include:
- Innovation in sustainable materials and production processes driven by environmental regulations.
- Increasing demand for electric vehicles, potentially boosting the demand for specialized tyres.
- Potential impact of geopolitical factors on rubber supply chains, affecting production costs and prices.