Michelin sees global passenger car and Light truck tire markets expand by up to 4% over the year; truck tire markets to grow by 1% to 5%, and specialty markets by 6% to 10% in 2022

Sample article from our Automobile Industry

LOS ANGELES , February 15, 2022 () –

On Feb. 14, Michelin announced its 2021 annual achievements with regards to sustainability and operational finance in a press release. Industry Intelligence editors extract from the press release Michelin's take on the growth rates of the auto tires market as well as management expectation of operating income and cash flow for 2022:

OUTLOOK FOR 2022
In 2022, in a still highly unsettled environment, Passenger car and Light truck tire markets are expected to expand by 0% to 4% over the year, Truck tire markets by 1% to 5%, and Specialty markets by 6% to 10%. In this market scenario, and barring any new systemic impact from Covid-19, Michelin’s objective is to report full-year segment operating income in excess of €3.2 billion at constant exchange rates and structural free cash flow of more than €1.2 billion.

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