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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 vehicles, primarily focusing on passenger cars, light trucks, and commercial vehicles.
-The Company is organized into the following three operating segments:
- Automotive tires and related distribution; Segment includes Michelin Lifestyle business
- Road transportation tires and related distribution; Segment includes Services & Solutions businesses
- Specialty businesses and related distribution; Segment includes tire businesses for Mining, Two-wheel, Aircraft, and Beyond-road activities, as well as Conveyor Belts and High-Tech Material activities.
Global Tire Market
-In 2022, the Company was the largest tire manufacturer in the world with a 15.1% global market share.
-The size of the global tire market in 2022 was USD 190 billion. Light vehicle tires accounted for approximately 60% of sales while truck tires accounted for approximately 30% of sales. In terms of volume, the market sold more than 1.5 billion car and light truck tires and approximately 220 million truck and bus tires in 2022.
>>>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 | |||||
| 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | 2023 | 2022 | |
| Europe (Including Turkey and Eastern Europe) | 83 | 75 | 371 | 385 | 7.4 | 7.1 | 25.5 | 27.5 |
| North America | 75 | 69 | 316 | 316 | 6.4 | 6.7 | 30.5 | 35.7 |
| South America | 15 | 14 | 79 | 73 | 1.9 | 2.5 | 16.4 | 15.5 |
| China | 132 | 121 | 133 | 117 | 20.7 | 16.3 | 41.5 | 38.1 |
| Asia (excluding China, India) | 77 | 70 | 143 | 148 | 4.5 | 4.3 | 22.1 | 22.6 |
| Africa, India, Middle East | 36 | 36 | 114 | 111 | 5.8 | 5.3 | 28.9 | 28.7 |
| Total | 417 | 384 | 1,156 | 1,151 | 46.8 | 42.2 | 164.9 | 168.2 |
Source: Michelin
-In forecasting estimates for long term tire demand, the Company foresees tire demand to increase by an average 0-2% a year in mature markets and by an average of 2-4% a year in newer markets.
Competitors
Shareholders
| -The Company is listed on the NYSE Euronext Paris Stock Exchange. | (As of Dec. 31, 2023) |
| Shareholder | Investment Ratio (%) |
| Foreign (non-French) institutional investors | 67.0 |
| French institutional investors | 20.4 |
| Individual shareholders | 10.5 |
| Employee Shareholder Plan | 2.1 |
| 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
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
Archives of Past Exhibits
Note: A figure in brackets ( ) indicates a loss
Japan
+81-3-4241-3907
USA
Mexico
Germany
China (Shanghai)
Thailand
India