France Road Transportation Vehicle Market Size, Share, Opportunities, And Trends By Fuel Used (Oil fuel based, Biofuel based, Natural gas based, E fuel based, Hydrogen based, Electric vehicle), And By Province - Forecasts From 2024 To 2029

The France road transportation market is anticipated to expand at a high CAGR over the forecast period.

Numerous reasons are causing a dramatic transition in the road transportation vehicle market in France. Although conventional internal combustion engine cars still make up the majority, there has been a discernible trend in favor of electric vehicles (EVs), which has been aided by government incentives, environmental awareness, and breakthroughs in technology. Additionally, in growing popularity as a stopgap to complete electrification, hybrid cars give drivers additional choices for cutting fuel and pollution. Furthermore, as gasoline prices rise and environmental concerns grow, French customers are prioritizing sustainability and fuel efficiency more and more.

The market's increasing interest in vehicles that run on alternative fuels, such as hydrogen fuel cells and biofuels, is indicative of this trend. Nonetheless, there are still issues, including the requirement for consumer education and infrastructural improvement.

Market Drivers:

• Government regulations and incentives are anticipated to boost the France road transportation market.

The French market for vehicles used for road transportation is mostly driven by government initiatives and laws. Cleaner car adoption is encouraged by policies including tax breaks, financial aid, and vehicle emissions regulations, which also support the use of electric and hybrid vehicles. Government policies that support environmentally friendly transportation solutions are influenced by their commitment to lowering carbon emissions and addressing climate change. The shift to sustainable mobility is also aided by improvements in public transportation networks and electric vehicle charging facilities.

The market is being driven toward a greener future by these policies, which foster an atmosphere that encourages manufacturers and consumers to use cleaner and more efficient automobiles. For instance, in 2023, Together, the Volvo Group, Renault Group, and CMA CGM Group are launching a brand-new line of electric vans to meet the expanding need for efficient, low-carbon transportation. Superior and secure solutions onboarding the new Software Defined Vehicle platform and a broad ecosystem of bespoke solutions will address the pain points of the logistics players.

• Fuel efficiency is expected to boost the France road transportation market.

The French market for vehicles used for road transportation is heavily influenced by fuel efficiency. Vehicles with improved fuel efficiency are prioritized by consumers due to rising fuel prices and environmental concerns. Manufacturers are compelled by this tendency to create and market more fuel-efficient models, such as electric and hybrid cars. Government laws also provide tax exemptions and subsidies to encourage the manufacture and purchase of fuel-efficient automobiles. The market is being shaped toward more environmentally friendly transportation solutions by the desire to use less fuel and pay less in operational expenses.

In France's road transportation market, the adoption of greener and more efficient automobiles is mostly driven by fuel efficiency. In January 2023, acquiring 100 electric vehicles from Renault vehicles for its French fleet is an extraordinary partnership announced by XPO, a pioneer in alternative-power freight transportation in France. The company has been testing the all-electric Renault Trucks E-Tech D 16-ton truck in the Lyon and Paris areas since October 2021, and XPO's investment comes after that. XPO Fleet has traditionally been supplied by Renault Trucks.

• Technological advancements are anticipated to boost the France road transportation and sustainable fuel market.

The French market for vehicles used for road transportation is expanding thanks to technological developments. Consumers are finding EVs more enticing and accessible thanks to advancements in EV technology, battery efficiency, and car connectivity. Furthermore, improvements in infotainment, safety features, and autonomous driving technologies improve driving overall and draw in customers.

Additionally, research and development into biofuels and hydrogen contribute to a more sustainable and diverse car industry. The market is being driven toward a greener future by these technical advancements, which also enhance vehicle performance and efficiency and support France's objectives of lowering carbon emissions and encouraging cleaner transportation options.

 In July 2020, the French government unveiled a financing package aimed at supporting the country's aerospace sector. 1.5 billion euros will be made available as part of the wider package between now and the end of 2022 to expedite the construction of a new hybrid-powered aircraft that is considered "green." Through the government-affiliated aero research organization CORAC, the money will be distributed to French prime contractors and their supplier networks. The focus will be on two things: first, reducing fuel use by up to 30% and possibly even burning just biofuels; second, switching to hydrogen as the main fuel. The very ambitious objective of 2035 is the entry-in-service date.

Paris is expected to grow significantly

The province of Île-de-France, which includes Paris and its metropolitan area, is anticipated to have significant growth in the road transportation vehicle market in France. Île-de-France, the economic and cultural center of France, is highly urbanized and has a dense population, which raises the need for transportation options. The adoption of electric and hybrid vehicles in this area is being driven by government measures that support the development of public transportation infrastructure and cleaner vehicle models, as well as a growing public awareness of environmental issues.

Furthermore, Île-de-France's innovation hubs and technical developments encourage the creation and use of sustainable mobility solutions, setting the province up for significant market growth for road vehicles.

Market Restraints:

• Infrastructure limitations can constrain the market for road transportation vehicle market.

Overcoming infrastructure constraints, particularly concerning EV charging facilities, is a significant challenge facing France's road transportation vehicle sector. The lack of charging outlets makes it more difficult for EVs to become widely adopted and erodes consumer trust in electric vehicles. To meet this problem and encourage EV integration into the transportation ecosystem, a substantial investment in expanding charging networks in both urban and rural regions is needed.

Market Development:

•  October 2023 - The STEF Group declares that a deal to acquire TransWest has been signed. Both companies' domestic and foreign clients will receive fresh added value offers from this collaboration.
  TransWest, a Belgian company founded in 1957, specializes in logistics and transportation services for frozen food items. The company employs more than 200 people and has a 250-car fleet. It has two locations in West Flanders, in Oostkamp. Due to its strategic location at the center of the Flemish food sector and its expertise in the cold chain, TransWest has a clientele that includes top producers and merchants. 
• July 2023- According to Electreon's announcement, the renowned Wireless Electric Road System (ERS) of the company has been chosen by Bpifrance, the French public sector investment bank, for an exceptional project on a stretch of the A10 highway, southwest of Paris. As part of its plan to promote decarbonized mobility, Bpifrance, in collaboration with the relevant French Ministries, chose Electreon and its consortium partners for the project. 

Market Segmentation

• By Vehicle type:
  • Oil fuel based
  • Biofuel based
  • Natural gas based
  • E fuel based
  • Hydrogen based
  • Electric vehicle
• By Province:
  • Paris
  • Lyon
  • Toulouse
  • Bordeaux
  • Montpellier
  • Others

1. INTRODUCTION

1.1. Market Overview

1.2. Market Definition

1.3. Scope of the Study

1.4. Market Segmentation

1.5. Currency

1.6. Assumptions

1.7. Base, and Forecast Years Timeline

1.8. Key Benefits for the stakeholder

2. RESEARCH METHODOLOGY  

2.1. Research Design

2.2. Research Processes

3. EXECUTIVE SUMMARY

3.1. Key Findings

3.2. Analyst View

4. MARKET DYNAMICS

4.1. Market Drivers

4.2. Market Restraints

4.3. Porter’s Five Forces Analysis

4.3.1. Bargaining Power of Suppliers

4.3.2. Bargaining Power of Buyers

4.3.3. Threat of New Entrants

4.3.4. Threat of Substitutes

4.3.5. Competitive Rivalry in the Industry

4.4. Industry Value Chain Analysis

4.5. Analyst View

5. FRANCE ROAD TRANSPORTATION VEHICLE MARKET BY VEHICLE TYPE

5.1. Introduction

5.2. Oil Fuel Based

5.2.1. Market Trends and Opportunities

5.2.2. Growth Prospects

5.2.3. Gasoline Vehicle

5.2.4. Diesel Vehicle

5.3. Biofuel Based

5.3.1. Market Trends and Opportunities

5.3.2. Growth Prospects

5.3.3. Biodiesel Vehicle

5.3.4. Ethanol Vehicle

5.3.5. Other Biofuel Vehicle

5.4. Natural Gas Based

5.4.1. Market Trends and Opportunities

5.4.2. Growth Prospects

5.5. E fuel Based

5.5.1. Market Trends and Opportunities

5.5.2. Growth Prospects

5.6. Hydrogen Based

5.6.1. Market Trends and Opportunities

5.6.2. Growth Prospects

5.7. Electric Vehicle

5.7.1. Market Trends and Opportunities

5.7.2. Growth Prospects

6. FRANCE ROAD TRANSPORTATION VEHICLE MARKET BY PROVINCE

6.1. Introduction

6.2. Paris

6.2.1. Market Trends and Opportunities

6.2.2. Growth Prospects

6.3. Lyon

6.3.1. Market Trends and Opportunities

6.3.2. Growth Prospects

6.4. Toulouse

6.4.1. Market Trends and Opportunities

6.4.2. Growth Prospects

6.5. Bordeaux

6.5.1. Market Trends and Opportunities

6.5.2. Growth Prospects

6.6. Montpellier

6.6.1. Market Trends and Opportunities

6.6.2. Growth Prospects

6.7. Others

6.7.1. Market Trends and Opportunities

6.7.2. Growth Prospects

7. COMPETITIVE ENVIRONMENT AND ANALYSIS

7.1. Major Players and Strategy Analysis

7.2. Market Share Analysis

7.3. Mergers, Acquisitions, Agreements, and Collaborations

7.4. Competitive Dashboard

8. COMPANY PROFILES

8.1. Toyota Motor Corporation

8.2. Suzuki Motor Corporation

8.3. Ford Motor Company 

8.4. Volvo Cars

8.5. Nissan Motor Co. Ltd.

8.6. Tesla

8.7. BYD Auto Co., Ltd.

Toyota Motor Corporation

Suzuki Motor Corporation

Ford Motor Company 

Volvo Cars

Nissan Motor Co. Ltd.

Tesla

BYD Auto Co., Ltd.