Tire manufacturing is an economic sector that encompasses all tyre design, production and marketing activities for vehicles or aircraft.
Tires account for a market worth over 100 billion euros worldwide. The market is growing at an average annual rate of 2% to 3% and is largely linked to the automotive market. After a decline between 2012 and 2013, the European tyre market gradually recovered. Europe produced 4.94 million tonnes of tires in 2016, an increase of 1% compared to 2015. Market growth is around 2%, slightly slower than in 2014 (2.8%). Tire imports increased by 4.4% in value. Exports were stable in value and increased in volume: +5.3% to 77.8 million units. The world leaders in the tire market are Michelin, Bridgestone and Goodyear, who largely dominate the market. However, these three leaders are reducing their production sites in France. They are followed by companies such as Continental, Pirelli, Sumitomo, Yokohama, Hankook or Cooper.
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Goodyear Tire & Rubber
- Country : United States
- Turnover : 22 Mds USD (2011) - 505 M€ (CA France - 2013)