Michelin's Global Tire Sales and Services Drive Market Leadership

Compagnie Générale des Etablissements Michelin, a prominent tire manufacturer on a global scale, continues to receive positive feedback from financial analysts, including UBS.

The company's product portfolio includes well-known brands such as Michelin, BFGoodrich, Kleber, Uniroyal, and Taurus. Tire sales make up 75.2% of the company's revenue, with light vehicles accounting for 67.3% and trucks for 32.7%. In addition to tire sales, Michelin offers services to improve transport efficiency and specializes in agricultural, civil engineering, two-wheeler, and aircraft tires, which contribute to the remaining 24.8% of sales. The company also provides travel and mobility solutions, including roadmaps and guides, and develops advanced materials for various applications.

Geographically, Michelin's sales are distributed as follows: 8.8% in France, 26.1% across Europe, 39.2% in North America, and 25.9% in other regions, highlighting its strong presence in the North American market.

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