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MICHELIN (Compagnie Generale des Etablissements Michelin S.C.A.)
Company Profile
■URL
■Address
23 Place des Carmes Déchaux, 63000 Clermont-Ferrand Cedex 9, France
Business Overview
-The Company is a market leader in designing and manufacturing tires for all types of vehicles, primarily focusing on passenger cars, light trucks, and commercial vehicles.
-The Company is organized into the following three operating segments:
- Automotive tires, Two-wheel, and related distribution
- Road transportation tires and related distribution; Segment includes the Connected Solutions businesses.
- Specialty businesses and related distribution; Segment includes tire businesses for Mining, Aircraft, and Beyond-road activities, as well as Polymer Composite Solutions business.
Global Tire Market
-In 2023, the Company was the largest tire manufacturer in the world with a 14.4% global market share.
-The size of the global tire market in 2023 was over USD 190 billion. Light vehicle tires accounted for approximately 60% of the total market value while truck tires accounted for approximately 30%. In terms of volume, the market sold more than 1.6 billion car and light truck tires and approximately 210 million truck and bus tires during the year.
>>>Link to Tire Market Share Graphs
| Tire Market in 2023 | (in million units) |
| Passenger car and light truck tires | Truck tires | |||||||
| OE | Replacement | OE | Replacement | |||||
| 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | 2024 | 2023 | |
| Europe (Including Turkey and Eastern Europe) | 76 | 83 | 403 | 371 | 5.9 | 7.4 | 25.6 | 25.7 |
| North America | 74 | 75 | 323 | 316 | 5.7 | 6.4 | 33.0 | 30.8 |
| South America | 15 | 15 | 81 | 79 | 2.4 | 1.9 | 17.2 | 16.5 |
| China | 136 | 132 | 168 | 170 | 20.3 | 20.8 | 38.6 | 41.3 |
| Asia (excluding China, India) | 71 | 77 | 143 | 142 | 4.3 | 4.5 | 21.5 | 22.9 |
| Africa, India, Middle East | 36 | 37 | 117 | 114 | 6.1 | 5.8 | 30.2 | 28.9 |
| Total | 409 | 418 | 1,236 | 1,192 | 44.8 | 47.0 | 166.1 | 165.0 |
Source: Michelin
-In its long-term forecast, the Company anticipates tire demand to increase by an average of 0–2% annually in mature markets and 2-4% annually in newer markets.
Competitors
Shareholders
| -The Company is listed on the NYSE Euronext Paris Stock Exchange. | (As of Dec. 31, 2024) |
| Shareholder | Investment Ratio (%) |
| Foreign (non-French) institutional investors | 65.8 |
| French institutional investors | 20.6 |
| Individual shareholders | 11.0 |
| Employee Shareholder Plan | 2.6 |
| 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
>>>Business Report FY ended Dec. 31, 2007
>>>Business Report FY ended Dec. 31, 2008
>>>Business Report FY ended Dec. 31, 2009
>>>Business Report FY ended Dec. 31, 2010
>>>Business Report FY ended Dec. 31, 2011
>>>Business Report FY ended Dec. 31, 2012
>>>Business Report FY ended Dec. 31, 2013
>>>Business Report FY ended Dec. 31, 2014
>>>Business Report FY ended Dec. 31, 2015
>>>Business Report FY ended Dec. 31, 2016
>>>Business Report FY ended Dec. 31, 2017
>>>Business Report FY ended Dec. 31, 2018
>>>Business Report FY ended Dec. 31, 2019
>>>Business Report FY ended Dec. 31, 2020
>>>Business Report FY ended Dec. 31, 2021
>>>Business Report FY ended Dec. 31, 2022
>>>Business Report FY ended Dec. 31, 2023
Archives of Past Exhibits
Note: A figure in brackets ( ) indicates a loss
Japan
+81-3-4241-3907
USA
Mexico
Germany
China (Shanghai)
Thailand
India