MICHELIN (Compagnie Generale des Etablissements Michelin S.C.A.)

Company Profile

■URL

https://www.michelin.com/en/

■Address

23 Place des Carmes Déchaux, 63040 - CLERMONT FERRAND Cedex 9, France

Business Overview

-The Company is a market leader in designing and manufacturing tires for all vehicles, primarily focusing on passenger cars, light trucks, and commercial vehicles.

-The Company is comprised of three business segments:

Business Segments
Automotive tires and related distribution Road transportation tires and related distribution Specialty businesses and related distribution:
Consists of tires for agricultural, two-wheel, aircraft, and earthmoving equipment; as well as Michelin Travel Partner and Michelin Lifestyle businesses

  

Global Tire Market

-In 2021, the company ranked first in the global tire market with a 14.6% share.

-The size of the global tire market in 2021 was USD 180 billion, with about 60% of the market for light-duty vehicles and about 30% for trucks. The number of tires manufactured for passenger cars and light-duty trucks was about 1.5 billion, and 220 million for heavy-duty trucks and buses.

>>>link to Market Share Graph "Tire"
 

Tire Market in 2022 (in million units)
Passenger car and light truck tires Truck tires
OE Replacement OE Replacement
2022 2021 2022 2021 2022 2021 2022 2021
West and Central Europe 70 67 324 315 6.1 5.8 18.6 17.2
CIS 4 7 59 61 1.0 1.1 8.9 8.6
North America 69 62 316 327 6.7 6.1 35.8 31.6
South America 14 12 77 68 2.5 2.2 15.9 14.0
China 123 115 117 136 16.2 28.3 37.9 43.4
Asia (excluding China, India) 70 65 148 141 4.4 4.0 22.9 22.8
Africa, India, Middle East 36 28 112 106 5.3 3.0 28.7 28.5
Total 386 356 1,154 1,154 42.2 50.5 168.7 166.1

Source: Michelin

-Long-term demand forecasts include 0-2% growth in mature markets and 2-4% growth in emerging markets.
 

Competitors

-Bridgestone
-Continental
-Goodyear
-Hankook
-Pirelli

Shareholders

-The Company is listed on the NYSE Euronext Paris Stock Exchange.  (As of Dec. 31, 2022)
Shareholder Investment Ratio (%)
Foreign (non-French) institutional investors 64.7
French institutional investors 22.8
Individual shareholders 10.3
Employee Shareholder Plan 2.2
Total 100.0

Products

Tires
-Fuel efficient tires
-Run flat tires
-Winter tires
-Summer tires
-All-season tires
-Sports performance tires
-Luxury performance tires
-Long life tires
-Tires with EverGrip self-regenerating tread technology

Supplemental Information 1