Market Overview:
The global automotive high-strength steel market is estimated to be valued at US$ XX Mn in 2018 and is projected to reach US$ XX Mn by 2030, exhibiting a CAGR of X.X% during the forecast period. The market growth can be attributed to the increasing demand for lightweight vehicles and stringent emission norms across the globe. Based on type, conventional HSS held a dominant share of the global automotive high-strength steel market in 2017. However, AHSS is expected to witness higher growth during the forecast period owing to its superior properties such as high tensile strength and ductility. On the basis of application, commercial vehicles accounted for a larger share of the global automotive high-strength steel market in 2017; however, passenger vehicles are anticipated to exhibit higher growth during 2018–2030 owing to rising demand for fuel-efficient and lightweight cars across regions.
Product Definition:
Automotive High Strength Steel is a steel alloy that is used in the automotive industry. It is stronger and more durable than traditional steel, and it can withstand higher levels of stress and pressure. Automotive High Strength Steel is commonly used in car parts such as bumpers, frames, and suspension systems.
Conventional HSS:
Conventional HSS is a form of high strength steel that has been used in the automotive industry for decades. It possesses properties such as high yield strength, good toughness, and excellent wear resistance. The key driver for this market is its usage in various applications including fasteners, structural parts (crankshafts), engine components (pistons & rods), transmission components (clutch plates & flywheels) and body parts (brake discs).
AHSS:
AHSS is an alloy of carbon, hydrogen, silicon and manganese. It contains properties such as high tensile strength and modulus which makes it suitable for use in automotive components. AHSS offers several advantages over conventional materials such as aluminum and steel; hence it has been gaining importance in recent years.
Application Insights:
The commercial vehicle segment accounted for the largest share of over 60.0% in 2017 and is anticipated to witness significant growth over the forecast period. The segment will be driven by increasing demand for trucks, buses, coaches and other such vehicles in developing countries including India, China and Brazil on account of rising disposable income coupled with rapid urbanization.
Passenger vehicle applications are expected to witness a CAGR of XX% from 2018 to 2030 owing to increased production capacities in key markets including Germany, Japan and U.S., which are projected to result in higher sales volumes across all grades of steel products used for automotive purposes during the same period.
Regional Analysis:
Asia Pacific accounted for the largest share of over 54% in 2017. The region is expected to witness significant growth on account of increasing automotive production and sales in countries such as India, China, Japan, and South Korea. In addition, rising disposable income levels coupled with a growing population will fuel automobile demand over the forecast period.
The European market was valued at USD X million in 2017 owing to high product demand from key application sectors including commercial vehicles and passenger cars. Increasing R&D activities by major companies pertaining to improving vehicle safety standards is anticipated to drive product adoption across this region over the forecast period.
North America accounted for a significant share of global revenue due to strong presence of key manufacturers such as General Motors Company; Ford Motor Company; Fiat Chrysler Automobiles N.V.; Nissan Motor Corporation; BMW AG; Mercedes-Benz AG Daimler AG; Volkswagen Group GmbH & Co., Ltd.; Hyundai Mobis Inc.; etc.
Growth Factors:
- Increasing demand for lightweight vehicles to reduce fuel consumption and emissions
- Stringent emission norms across the globe
- Growing automotive industry in developing countries
- Rising demand for safety and security features in vehicles
- Introduction of new alloys and grades of high strength steel
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive High Strength Steel Market Research Report
By Type
Conventional HSS, AHSS
By Application
Commercial Vehicle, Passenger Vehicle
By Companies
Arcelor Mittal, SSAB, POSCO, United States Steel Corporation, Voestalpine, ThyssenKrupp, Baowu Group, Ansteel
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
245
Number of Tables & Figures
172
Customization Available
Yes, the report can be customized as per your need.
Global Automotive High Strength Steel Market Report Segments:
The global Automotive High Strength Steel market is segmented on the basis of:
Types
Conventional HSS, AHSS
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Commercial Vehicle, Passenger Vehicle
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Arcelor Mittal
- SSAB
- POSCO
- United States Steel Corporation
- Voestalpine
- ThyssenKrupp
- Baowu Group
- Ansteel
Highlights of The Automotive High Strength Steel Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Conventional HSS
- AHSS
- By Application:
- Commercial Vehicle
- Passenger Vehicle
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Automotive High Strength Steel Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Automotive high strength steel is a type of steel that is used in the construction of automobiles. It is stronger than regular steel, which makes it ideal for use in areas where durability and strength are important.
Some of the major companies in the automotive high strength steel market are Arcelor Mittal, SSAB, POSCO, United States Steel Corporation, Voestalpine, ThyssenKrupp, Baowu Group, Ansteel.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive High Strength Steel Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Automotive High Strength Steel Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Automotive High Strength Steel Market - Supply Chain
4.5. Global Automotive High Strength Steel Market Forecast
4.5.1. Automotive High Strength Steel Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Automotive High Strength Steel Market Size (000 Units) and Y-o-Y Growth
4.5.3. Automotive High Strength Steel Market Absolute $ Opportunity
5. Global Automotive High Strength Steel Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Automotive High Strength Steel Market Size and Volume Forecast by Type
5.3.1. Conventional HSS
5.3.2. AHSS
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Automotive High Strength Steel Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Automotive High Strength Steel Market Size and Volume Forecast by Application
6.3.1. Commercial Vehicle
6.3.2. Passenger Vehicle
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Automotive High Strength Steel Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Automotive High Strength Steel Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Automotive High Strength Steel Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Automotive High Strength Steel Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Automotive High Strength Steel Demand Share Forecast, 2019-2026
9. North America Automotive High Strength Steel Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Automotive High Strength Steel Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Automotive High Strength Steel Market Size and Volume Forecast by Application
9.4.1. Commercial Vehicle
9.4.2. Passenger Vehicle
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Automotive High Strength Steel Market Size and Volume Forecast by Type
9.7.1. Conventional HSS
9.7.2. AHSS
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Automotive High Strength Steel Demand Share Forecast, 2019-2026
10. Latin America Automotive High Strength Steel Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Automotive High Strength Steel Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Automotive High Strength Steel Market Size and Volume Forecast by Application
10.4.1. Commercial Vehicle
10.4.2. Passenger Vehicle
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Automotive High Strength Steel Market Size and Volume Forecast by Type
10.7.1. Conventional HSS
10.7.2. AHSS
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Automotive High Strength Steel Demand Share Forecast, 2019-2026
11. Europe Automotive High Strength Steel Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Automotive High Strength Steel Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Automotive High Strength Steel Market Size and Volume Forecast by Application
11.4.1. Commercial Vehicle
11.4.2. Passenger Vehicle
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Automotive High Strength Steel Market Size and Volume Forecast by Type
11.7.1. Conventional HSS
11.7.2. AHSS
11.8. Basis Point Share (BPS) Analysisby Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Automotive High Strength Steel Demand Share, 2019-2026
12. Asia Pacific Automotive High Strength Steel Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Automotive High Strength Steel Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Automotive High Strength Steel Market Size and Volume Forecast by Application
12.4.1. Commercial Vehicle
12.4.2. Passenger Vehicle
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Automotive High Strength Steel Market Size and Volume Forecast by Type
12.7.1. Conventional HSS
12.7.2. AHSS
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Automotive High Strength Steel Demand Share, 2019-2026
13. Middle East & Africa Automotive High Strength Steel Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Automotive High Strength Steel Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Automotive High Strength Steel Market Size and Volume Forecast by Application
13.4.1. Commercial Vehicle
13.4.2. Passenger Vehicle
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Automotive High Strength Steel Market Size and Volume Forecast by Type
13.7.1. Conventional HSS
13.7.2. AHSS
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Automotive High Strength Steel Demand Share, 2019-2026
14. Competition Landscape
14.1. Global Automotive High Strength Steel Market: Market Share Analysis
14.2. Automotive High Strength Steel Distributors and Customers
14.3. Automotive High Strength Steel Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Arcelor Mittal
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. SSAB
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. POSCO
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. United States Steel Corporation
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Voestalpine
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. ThyssenKrupp
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Baowu Group
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ansteel
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. COMPANY9
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. COMPANY 10
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook
