Market Overview:
The global automotive AHSS market is expected to grow at a CAGR of 6.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for lightweight and fuel-efficient vehicles. Additionally, stringent emission norms are also driving the demand for advanced high-strength steels in passenger cars and commercial vehicles. The global automotive AHSS market is segmented on the basis of type, application, and region. On the basis of type, dual phase steel accounts for a major share in the global automotive AHSS market followed by martensitic steel and boron steel. Dual phase steel offers superior strength-to-weight ratio as compared to other types of high-strength steels which is driving its demand in passenger cars and commercial vehicles across regions.
Product Definition:
Automotive AHSS is a type of high-strength steel that is used in the automotive industry. It has a higher strength than traditional mild steel, and it can be used in place of traditional materials such as aluminum or titanium. Automotive AHSS is important because it helps to reduce weight and improve fuel economy in automotive applications.
Dual Phase Steel:
Dual phase steel is a new term in the industry and has been used to refer to hot-dipped galvanized (ADG) steel. It was developed as an alternative for conventional mild steel, which had limited application due to its brittleness. The first commercial plant for producing dual phase rolled products opened in China in 2014 and by 2015, it was operating at full capacity.
Martensitic Steel:
AHSS is a type of steel that contains elements such as carbon, hydrogen, nitrogen and sulfur. These metals when added in correct quantity’s make the material stronger but at the same time it becomes more difficult to melt. AHSS has applications in automotive components where strength is required in high-pressure areas or where there are heavy loads to be carried out.
AHSS can also be used for manufacturing crankshafts.
Application Insights:
Passenger car application segment led the global automotive AHSS market in 2017 accounting for a share of over 60.0% and is expected to continue its dominance over the forecast period. The growing demand for lightweight vehicles to improve fuel economy and reduce emissions is anticipated to drive the product demand in this segment.
The commercial vehicle application segment accounted for a significant share of 29.4% in terms of volume in 2017, attributed to increasing utilization of steel with high strength-to-weight ratio within these vehicles owing to their increased weight carrying capacity as compared with passenger cars, which further boosts product consumption globally on account of rising demand from construction industry across various regions globally including North America, Europe, Asia Pacific and Middle East & Africa among others. Increasing utilization coupled with durability offered by advanced high strength steel has been encouraging several manufacturers around the world including Toyota Group; Honda Motor Co., Ltd.; Nissan Motor Co., Ltd.
Regional Analysis:
Asia Pacific accounted for the largest share of over 45% in 2017. The region is expected to witness significant growth owing to increasing sales of passenger cars and commercial vehicles. China, India, Japan, South Korea and Taiwan are the major markets in this region. In addition, rising disposable income coupled with a growing population will drive automotive industry growth in this region thereby driving market demand over the forecast period.
Europe was estimated at USD X million in 2017 and is anticipated to grow at a CAGR of XX% from 2018 to 2030 due to stringent regulations by European Union regarding vehicle safety standards coupled with high consumer preference for safer vehicles as per recent trends observed across various countries including Germany, U-K., France among others which are likely boost market penetration rates over the coming years.
Growth Factors:
- Increasing demand for lightweight and fuel-efficient vehicles
- Stringent emission norms and safety regulations
- Rising demand from the developing countries
- Growing popularity of electric and hybrid vehicles
- Technological advancements in automotive manufacturing
Scope Of The Report
Report Attributes
Report Details
Report Title
Automotive AHSS（Advanced High-Strength Steel） Market Research Report
By Type
Dual Phase Steel, Martensitic Steel, Boron Steel, TRIP Steel
By Application
Passenger Car, Commercial Vehicle
By Companies
ArcelorMittal, ThyssenKrupp, POSCO, Tata Steel, SSAB AB, United Steel, AK Steel Holding, Baoshan Iron & Steel, ArcelorMittal
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
214
Number of Tables & Figures
150
Customization Available
Yes, the report can be customized as per your need.
Global Automotive AHSS（Advanced High-Strength Steel） Market Report Segments:
The global Automotive AHSS（Advanced High-Strength Steel） market is segmented on the basis of:
Types
Dual Phase Steel, Martensitic Steel, Boron Steel, TRIP Steel
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
Passenger Car, Commercial 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:
- ArcelorMittal
- ThyssenKrupp
- POSCO
- Tata Steel
- SSAB AB
- United Steel
- AK Steel Holding
- Baoshan Iron & Steel
- ArcelorMittal
Highlights of The Automotive AHSS（Advanced 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:
- Dual Phase Steel
- Martensitic Steel
- Boron Steel
- TRIP Steel
- By Application:
- Passenger Car
- Commercial 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 AHSS（Advanced 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 AHSS is a type of steel that is used in vehicles to make them stronger and more durable. It is made from a higher-quality alloy than regular steel, which makes it more resistant to wear and tear.
Some of the major companies in the automotive ahss（advanced high-strength steel） market are ArcelorMittal, ThyssenKrupp, POSCO, Tata Steel, SSAB AB, United Steel, AK Steel Holding, Baoshan Iron & Steel, ArcelorMittal.
The automotive ahss¯¼ë†advanced high-strength steel¯¼€° market is expected to register a CAGR of 6.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Automotive AHSS（Advanced High-Strength Steel） Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Automotive AHSS（Advanced High-Strength Steel） Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Automotive AHSS（Advanced High-Strength Steel） Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Automotive AHSS（Advanced High-Strength Steel） Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Automotive AHSS（Advanced High-Strength Steel） Market Size & Forecast, 2020-2028
4.5.1 Automotive AHSS（Advanced High-Strength Steel） Market Size and Y-o-Y Growth
4.5.2 Automotive AHSS（Advanced High-Strength Steel） Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 Dual Phase Steel
5.2.2 Martensitic Steel
5.2.3 Boron Steel
5.2.4 TRIP Steel
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Passenger Car
6.2.2 Commercial Vehicle
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Automotive AHSS（Advanced High-Strength Steel） Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Automotive AHSS（Advanced High-Strength Steel） Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 Dual Phase Steel
9.6.2 Martensitic Steel
9.6.3 Boron Steel
9.6.4 TRIP Steel
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Passenger Car
9.10.2 Commercial Vehicle
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 Dual Phase Steel
10.6.2 Martensitic Steel
10.6.3 Boron Steel
10.6.4 TRIP Steel
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Passenger Car
10.10.2 Commercial Vehicle
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 Dual Phase Steel
11.6.2 Martensitic Steel
11.6.3 Boron Steel
11.6.4 TRIP Steel
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Passenger Car
11.10.2 Commercial Vehicle
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 Dual Phase Steel
12.6.2 Martensitic Steel
12.6.3 Boron Steel
12.6.4 TRIP Steel
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Passenger Car
12.10.2 Commercial Vehicle
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size 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 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 Dual Phase Steel
13.6.2 Martensitic Steel
13.6.3 Boron Steel
13.6.4 TRIP Steel
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Passenger Car
13.10.2 Commercial Vehicle
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Automotive AHSS（Advanced High-Strength Steel） Market: Competitive Dashboard
14.2 Global Automotive AHSS（Advanced High-Strength Steel） Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ArcelorMittal
14.3.2 ThyssenKrupp
14.3.3 POSCO
14.3.4 Tata Steel
14.3.5 SSAB AB
14.3.6 United Steel
14.3.7 AK Steel Holding
14.3.8 Baoshan Iron & Steel
14.3.9 ArcelorMittal
