Market Overview:
The global steel for automotive and aerospace market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for automobiles and aircrafts across the globe. In terms of type, bar steel is expected to hold the largest share in the global steel for automotive and aerospace market during the forecast period. This can be attributed to its high strength-to-weight ratio, which makes it suitable for use in various applications such as chassis, suspension systems, and engine blocks in automobiles; as well as fuselage frames, wings, landing gear struts/wheelsets in aircrafts. By application, automotive is expected to hold a larger share of the global steel for automotive and aerospace market than aerospace during the forecast period. This can be attributed to rising demand for passenger cars and commercial vehicles across regions such as North America, Latin America Europe Asia Pacific ,and Middle East & Africa .
Product Definition:
Steel is an alloy of iron and carbon, usually with a small amount of other elements. It is the most common material for making things such as cars, planes and bridges. Steel is strong and durable, so it can withstand a lot of stress.
Bar:
Bar is a basic structural element in the steel industry. It has applications in both, hot and cold rolled products. The bar can be of various types including carbon, alloy and high strength low alloy according to the end use application.
Wire:
Wire and it's usage in Steel for Automotive and Aerospace market is used to make steel stronger, thinner, lighter or longer. It also helps to change the shape of the material. The most common way of changing the shape is by cold forming it. Cold forming means heating a piece of metal until its malleable then pressurizing it into the desired shape using hydraulic pressure or another form of heat treatment such as annealing or normalizing.
Application Insights:
Automotive application dominated the global steel for automotive and aerospace market, accounting for a revenue share of over 60.0% in 2017. The segment is expected to witness significant growth on account of increasing demand from major markets including China, India and Germany over the forecast period. In addition, growing emphasis towards lightweighting of vehicles to improve fuel efficiency is likely to propel product demand in near future.
Global steel for automotive.
The use of high strength steels has been rising consistently in aircraft components owing to their ability to withstand extreme stress without undergoing any deformity or wear & tear as compared with other alloys used till date in aircraft manufacturing such as aluminum alloys or magnesium alloys. This trend is also likely to apply generally throughout the aviation industry thus propelling product consumption at a steady rate over the forecast period globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of nearly 60% of total volume in 2017 owing to increasing demand from key application sectors, such as automotive and aerospace. China is projected to remain a major consumer due to rapid industrialization coupled with an increase in domestic consumption.
The European market was valued at USD X million in 2017 and is anticipated to witness steady growth over the forecast period owing rising investments by various companies for production facilities expansion or new product launches. Germany emerged as one of the major producers across Europe on account of favorable government policies supporting steel production coupled with high demand from end-use industries including automotive, construction equipment, marine equipment etc.
North America accounted for more than 20% share of global revenue in 2017 on account that it has some prominent automobile manufacturers including General Motors Company; Ford Motor Company; Fiat Chrysler Automobiles N VMI; Toyota Motor Corporation etc.
Growth Factors:
- Growing demand for lightweight and fuel-efficient vehicles
- Increasing production of passenger cars and commercial vehicles
- Rising demand for steel in the construction sector
- Stringent government regulations on vehicle emissions and fuel economy standards
- Technological advancements in the automotive and aerospace industries
Scope Of The Report
Report Attributes
Report Details
Report Title
Steel for Automotive and Aerospace Market Research Report
By Type
Bar, Wire, Sheet, Other
By Application
Automotive, Aerospace
By Companies
Tata Steel, Gerdua S/A, Essar Steel, Acerinox, Kobe Steel, POSCO, Steel Dynamics, Outokumpu OYJ, China Steel Corporation
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
166
Number of Tables & Figures
117
Customization Available
Yes, the report can be customized as per your need.
Global Steel for Automotive and Aerospace Market Report Segments:
The global Steel for Automotive and Aerospace market is segmented on the basis of:
Types
Bar, Wire, Sheet, Other
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
Automotive, Aerospace
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:
- Tata Steel
- Gerdua S/A
- Essar Steel
- Acerinox
- Kobe Steel
- POSCO
- Steel Dynamics
- Outokumpu OYJ
- China Steel Corporation
Highlights of The Steel for Automotive and Aerospace 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:
- Bar
- Wire
- Sheet
- Other
- By Application:
- Automotive
- Aerospace
- 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 Steel for Automotive and Aerospace 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?
Steel is used in automotive and aerospace applications because it is strong, durable, and has a low coefficient of thermal expansion. Steel also does not corrode or rust.
Some of the major players in the steel for automotive and aerospace market are Tata Steel, Gerdua S/A, Essar Steel, Acerinox, Kobe Steel, POSCO, Steel Dynamics, Outokumpu OYJ, China Steel Corporation.
The steel for automotive and aerospace market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Steel for Automotive and Aerospace 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 Steel for Automotive and Aerospace Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Steel for Automotive and Aerospace 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 Steel for Automotive and Aerospace 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 Steel for Automotive and Aerospace Market Size & Forecast, 2020-2028
4.5.1 Steel for Automotive and Aerospace Market Size and Y-o-Y Growth
4.5.2 Steel for Automotive and Aerospace 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 Bar
5.2.2 Wire
5.2.3 Sheet
5.2.4 Other
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 Automotive
6.2.2 Aerospace
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Steel for Automotive and Aerospace 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 Steel for Automotive and Aerospace 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 Bar
9.6.2 Wire
9.6.3 Sheet
9.6.4 Other
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 Automotive
9.10.2 Aerospace
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 Bar
10.6.2 Wire
10.6.3 Sheet
10.6.4 Other
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 Automotive
10.10.2 Aerospace
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 Bar
11.6.2 Wire
11.6.3 Sheet
11.6.4 Other
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 Automotive
11.10.2 Aerospace
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 Bar
12.6.2 Wire
12.6.3 Sheet
12.6.4 Other
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 Automotive
12.10.2 Aerospace
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 Bar
13.6.2 Wire
13.6.3 Sheet
13.6.4 Other
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 Automotive
13.10.2 Aerospace
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 Steel for Automotive and Aerospace Market: Competitive Dashboard
14.2 Global Steel for Automotive and Aerospace Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Tata Steel
14.3.2 Gerdua S/A
14.3.3 Essar Steel
14.3.4 Acerinox
14.3.5 Kobe Steel
14.3.6 POSCO
14.3.7 Steel Dynamics
14.3.8 Outokumpu OYJ
14.3.9 China Steel Corporation
