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

Company Profile

■URL

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

■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. It has also expanded its business to develop and manufacture composite solutions for advanced technological applications in new markets, while also developing connected solutions for the mobility industry.

-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 2024, the Company was the largest tire manufacturer in the world with a 13.2% global market share.

-The size of the global tire market in 2024 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 approximately 1.7 billion car and light truck tires and approximately 220 million truck and bus tires during the year.
>>>Link to Tire Market Share Graphs
 

Tire Market in 2025 (in million units)
  Passenger car and light truck tires Truck tires
OE Replacement OE Replacement
2025 2024 2025 2024 2025 2024 2025 2024
Europe (Including Turkey and Eastern Europe) 73 76 417 412 6.2 6.0 26.6 26.0
North America 72 74 322 323 4.6 5.7 34.6 33.0
South America 15 15 82 83 2.1 2.4 18.5 17.1
China 149 137 171 168 23.7 20.3 38.4 38.6
Asia (excluding China, India) 69 72 144 143 4.3 4.2 22.5 22.4
Africa, India, Middle East 40 36 120 117 6.5 6.1 31.0 30.2
Total 419 409 1,256 1,247 47.3 44.8 171.6 167.3

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

-Bridgestone
-Continental
-Goodyear
-Hankook
-Pirelli

Shareholders

-The Company is listed on the NYSE Euronext Paris Stock Exchange.  (As of Dec. 31, 2025)
Shareholder Investment Ratio (%)
Foreign (non-French) institutional investors 68.4
French institutional investors 17.9
Individual shareholders 10.7
Employee Shareholder Plan 3.1
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

Composite solutions
-ResiCare non-toxic adhesive resins for dipped fabrics in belts, hoses, and acoustic mats
-ResiCare non-toxic adhesive resins for friction materials in brake pads and linings
-Engineered fabric impregnated with high-technology fibers
-Multi-layer thermoplastic films
-Multiaxial fabrics

Connected mobility services
-Michelin Connected Fleet management solution
-Optimized Tire Performance predictive maintenance solution
-Michelin Mobility Intelligence mobility data platform
-Truckfly by Michelin app for commercial vehicle drivers

Supplemental Information 1

MarkLines Customer Support

9:00 a.m. - 5:30 p.m. Mon.-Fri. (excluding national holidays)
japan Japan
Roppongi, Minato-ku, Tokyo, Japan
+81-3-4241-3907
USA USA
Novi, Michigan, USA
+1-248-327-6987
MEX Mexico
León Guanajuato, Mexico
+52-477-796-0560
DEU Germany
Frankfurt am Main, Germany
+49-69–904-3870-0
CHN China (Shanghai)
Huangpu District, Shanghai, China
+86-21-6212-6562
CHN China (Shenzhen)
Nanshan District, Shenzhen, Guangdong
+86-755-2267-1725
THA Thailand
Klongtoey, Bangkok, Thailand
+66-2-665-2840
IND India
Gurgaon, Haryana, India
+91-124-4048779