Financial performance Report of the Managers 05 5.1.1 d) Truck tire markets in 2024 The global Truck tire sell-in market (excluding China) improved by a slight 1% in 2024, with the 7% decline in Original Equipment sales outweighing the 3% growth in Replacement demand. In China, where the Group's presence is negligible, markets contracted by 5% over the year, including declines of 3% in the OE segment and 7% in Replacement. THE GLOBAL TRUCK TIRE MARKET, 2024 VS. 2023 (1) Including Turkey and Central Asia. (2) Including Central America. Michelin estimates – new tire market only. Original Equipment In the Original Equipment segment, the global market (excluding China) declined by 7%. Truck tire markets Original equipment In millions of tires 2024 2023 2024/2023 Secondhalf 2024/ 2023 Fourthquarter 2024/2023 Thirdquarter 2024/2023 First-half 2024/2023 Secondquarter 2024/2023 Firstquarter 2024/2023 Europe(1) 5.9 7.4 -20% -22% -22% -23% -19% -20% -17% North America(2) 5.7 6.4 -11% -13% -11% -14% -9% -2% -16% South America 2.4 1.9 +24% +21% +15% +28% +27% +35% +18% Asia (excl. China) 4.3 4.5 -4% -7% -8% -7% -1% -2% -1% Africa/India/Middle East 6.1 5.8 +4% +4% +4% +4% +4% +4% +4% TOTAL (EXCL. CHINA) 24.5 26.2 -7% -8% -8% -8% -5% -4% -7% China 20.3 20.8 -3% -8% -6% -10% +2% -2% +6% (1) Including Turkey and Central Asia. (2) Including Central America. Michelin estimates. - 2% - 7% - 4% - 3% 5% - 7% 0% - 11% 5% 7% 24% - 20% 4% 3% Original Equipment Replacement North America (2) Europe (1) Asia (exc. China) China South America Africa India, Middle-East Total (exc. China) 322 2024 UNIVERSAL REGISTRATION DOCUMENT_MICHELIN
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