In a recent release, the authoritative U.S. publication *Tire Business* unveiled its 2003 global tire market report, highlighting the latest rankings of major tire manufacturers worldwide. According to the report, Michelin, the long-standing leader in tire technology, once again secured the top position for the third consecutive year. This year’s results show that Michelin captured a commanding 20.1% share of the global tire market, followed closely by Bridgestone at 18.4% and Goodyear at 16.9%.
In addition to these market shares, Michelin also reported strong performance during the third quarter of 2004. By the end of September, the company achieved net sales of 11.6 billion euros, reflecting a 4.6% increase compared to the same period in the previous year. Based on this solid performance over the first nine months of 2004, Michelin is confident that its full-year results will see a significant improvement.
Michelin has consistently led the industry in passenger car and light truck tires, while also maintaining a strong presence in heavy truck and radial tire technologies. The company is committed to setting new standards in quality and customer service, especially in the Chinese market, where it continues to expand its operations and influence.
*Tire Business* is a respected monthly publication that covers business and trade in the U.S., and it annually releases a comprehensive report on the global tire industry. The ranking is based on each manufacturer's sales figures, and it lists the top 75 tire companies worldwide. As a multinational corporation with over a century of history, Michelin has always been at the forefront of innovation, delivering safer, more efficient, and more comfortable driving experiences for consumers around the globe.
Headquartered in Clermont-Ferrand, France, Michelin currently employs over 125,000 people across 74 factories in 19 countries. It maintains sales and marketing networks in more than 170 nations and operates research and testing facilities in the U.S., Europe, Japan, and Shanghai, China. Additionally, the company owns six rubber plantations in Brazil and Nigeria.
Michelin entered the Chinese market in 1989, bringing cutting-edge technology and high-quality products to the region. In 1995, it established its first joint venture in Shenyang. Then, in 2001, it partnered with one of China’s largest tire manufacturers, Shanghai Tire & Rubber (Group) Co., Ltd., to form Shanghai Michelin Warrior Tire Co., Ltd. Today, Michelin employs over 4,900 people in China and remains dedicated to fostering growth and development within the country.
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