Market Overview:
The global hot rolled steel narrow strip market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for automotive, construction and civil engineering, mechanical engineering, and household-appliance products. Asia Pacific is expected to be the fastest-growing region in the global hot rolled steel narrow strip market during the forecast period.
Product Definition:
A Hot Rolled Steel Narrow Strip is a thin piece of metal that has been rolled from a thicker sheet of metal. It is important because it can be used in a variety of applications, including automotive, construction, and manufacturing.
Alloy Steel:
Alloy steel is a material that consists of two or more metals, which are mixed in fixed proportions and heated to obtain an alloy. The product has applications in the automotive industry as it can be readily hot rolled and welded. It also has high mechanical strength, good formability, excellent wear resistance & corrosion resistance properties.
Stainless Steel:
Stainless steel is a type of hot rolled steel that contains at least 13.5% chromium and 0.8% to 2% nickel by weight for comparison purpose. It has superior properties such as high strength, corrosion resistance, and hardness compared to carbon steel which makes it suitable for use in applications where these properties are required.
Application Insights:
The global demand for hot rolled steel narrow strips has witnessed a paradigm shift due to the development of automotive industry. The growth of this segment can be attributed to the increasing production of vehicles in emerging economies such as India, China, and Japan. In addition, an increase in per capita income levels has resulted in an increased spending on consumer goods such as automobiles and appliances among other things that require material such as steel which is manufactured using basic raw materials. This trend is expected to continue over the forecast period thereby driving market growth globally.
Automotive was estimated as the largest application segment with a volume share of more than 50% in 2017 owing to its wide usage across body panels including doors/frames & roofs/carapaces.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region is home to several emerging economies, including China, India, Indonesia and Vietnam. These countries are witnessing strong economic growth owing to various factors such as increasing disposable income of consumers and rapid industrialization & urbanization. Moreover, rising population has resulted in increased demand for housing structures such as residential buildings, commercial buildings etc., which will drive Hot Rolled Steel Narrow Strip industry growth over the forecast period.
The Asia Pacific was followed by Europe that accounted for a revenue share of 28% in 2017 on account of high automotive production coupled with construction activities across major countries including Russia and Turkey among others.
Growth Factors:
- Increasing demand from automotive and construction industries
- Growing urbanization and industrialization in developing countries
- Rising disposable income of consumers in developing countries
- Technological advancements in manufacturing processes of hot rolled steel narrow strip products
- Stringent government regulations for energy conservation
Scope Of The Report
Report Attributes
Report Details
Report Title
Hot Rolled Steel Narrow Strip Market Research Report
By Type
Alloy Steel, Stainless Steel, Free Cutting Steel, Others
By Application
Automotive, Construction and Civil Engineering, Mechanical Engineering, Household-appliance, Others
By Companies
Corus Special Strip, Hoesch Hohenlinburg GmbH, Edelstahl Buderus Gmbh, Voestalpine Stahl GmbH, ThyssenKrupp, Arcelor, Arvedi, Ruukki, SSAB, Saltzgitter
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
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Hot Rolled Steel Narrow Strip Market Report Segments:
The global Hot Rolled Steel Narrow Strip market is segmented on the basis of:
Types
Alloy Steel, Stainless Steel, Free Cutting Steel, Others
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, Construction and Civil Engineering, Mechanical Engineering, Household-appliance, Others
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:
- Corus Special Strip
- Hoesch Hohenlinburg GmbH
- Edelstahl Buderus Gmbh
- Voestalpine Stahl GmbH
- ThyssenKrupp
- Arcelor
- Arvedi
- Ruukki
- SSAB
- Saltzgitter
Highlights of The Hot Rolled Steel Narrow Strip 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:
- Alloy Steel
- Stainless Steel
- Free Cutting Steel
- Others
- By Application:
- Automotive
- Construction and Civil Engineering
- Mechanical Engineering
- Household-appliance
- Others
- 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 Hot Rolled Steel Narrow Strip 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?
Hot rolled steel narrow strip is a type of steel that has been hot rolled to a very thin sheet. It is used in applications where a very thin sheet is needed, such as in the construction of automobile frames and other components.
Some of the major companies in the hot rolled steel narrow strip market are Corus Special Strip, Hoesch Hohenlinburg GmbH, Edelstahl Buderus Gmbh, Voestalpine Stahl GmbH, ThyssenKrupp, Arcelor, Arvedi, Ruukki, SSAB, Saltzgitter.
The hot rolled steel narrow strip market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Hot Rolled Steel Narrow Strip 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. Hot Rolled Steel Narrow Strip Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Hot Rolled Steel Narrow Strip Market - Supply Chain
4.5. Global Hot Rolled Steel Narrow Strip Market Forecast
4.5.1. Hot Rolled Steel Narrow Strip Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Hot Rolled Steel Narrow Strip Market Size (000 Units) and Y-o-Y Growth
4.5.3. Hot Rolled Steel Narrow Strip Market Absolute $ Opportunity
5. Global Hot Rolled Steel Narrow Strip 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. Hot Rolled Steel Narrow Strip Market Size and Volume Forecast by Type
5.3.1. Alloy Steel
5.3.2. Stainless Steel
5.3.3. Free Cutting Steel
5.3.4. Others
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Hot Rolled Steel Narrow Strip 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. Hot Rolled Steel Narrow Strip Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Construction and Civil Engineering
6.3.3. Mechanical Engineering
6.3.4. Household-appliance
6.3.5. Others
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Hot Rolled Steel Narrow Strip 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. Hot Rolled Steel Narrow Strip 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 Hot Rolled Steel Narrow Strip 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. Hot Rolled Steel Narrow Strip 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 Hot Rolled Steel Narrow Strip Demand Share Forecast, 2019-2029
9. North America Hot Rolled Steel Narrow Strip 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 Hot Rolled Steel Narrow Strip 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 Hot Rolled Steel Narrow Strip Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Construction and Civil Engineering
9.4.3. Mechanical Engineering
9.4.4. Household-appliance
9.4.5. Others
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Hot Rolled Steel Narrow Strip Market Size and Volume Forecast by Type
9.7.1. Alloy Steel
9.7.2. Stainless Steel
9.7.3. Free Cutting Steel
9.7.4. Others
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 Hot Rolled Steel Narrow Strip Demand Share Forecast, 2019-2029
10. Latin America Hot Rolled Steel Narrow Strip 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 Hot Rolled Steel Narrow Strip 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 Hot Rolled Steel Narrow Strip Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Construction and Civil Engineering
10.4.3. Mechanical Engineering
10.4.4. Household-appliance
10.4.5. Others
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Hot Rolled Steel Narrow Strip Market Size and Volume Forecast by Type
10.7.1. Alloy Steel
10.7.2. Stainless Steel
10.7.3. Free Cutting Steel
10.7.4. Others
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 Hot Rolled Steel Narrow Strip Demand Share Forecast, 2019-2029
11. Europe Hot Rolled Steel Narrow Strip 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 Hot Rolled Steel Narrow Strip 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 Hot Rolled Steel Narrow Strip Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Construction and Civil Engineering
11.4.3. Mechanical Engineering
11.4.4. Household-appliance
11.4.5. Others
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Hot Rolled Steel Narrow Strip Market Size and Volume Forecast by Type
11.7.1.Alloy Steel
11.7.2. Stainless Steel
11.7.3. Free Cutting Steel
11.7.4. Others
11.8. Basis Point Share (BPS) Analysis by 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 Hot Rolled Steel Narrow Strip Demand Share, 2019-2029
12. Asia Pacific Hot Rolled Steel Narrow Strip 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 Hot Rolled Steel Narrow Strip 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 Hot Rolled Steel Narrow Strip Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Construction and Civil Engineering
12.4.3. Mechanical Engineering
12.4.4. Household-appliance
12.4.5. Others
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Hot Rolled Steel Narrow Strip Market Size and Volume Forecast by Type
12.7.1. Alloy Steel
12.7.2. Stainless Steel
12.7.3. Free Cutting Steel
12.7.4. Others
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 Hot Rolled Steel Narrow Strip Demand Share, 2019-2029
13. Middle East & Africa Hot Rolled Steel Narrow Strip 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 Hot Rolled Steel Narrow Strip 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 Hot Rolled Steel Narrow Strip Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Construction and Civil Engineering
13.4.3. Mechanical Engineering
13.4.4. Household-appliance
13.4.5. Others
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Hot Rolled Steel Narrow Strip Market Size and Volume Forecast by Type
13.7.1. Alloy Steel
13.7.2. Stainless Steel
13.7.3. Free Cutting Steel
13.7.4. Others
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 Hot Rolled Steel Narrow Strip Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Hot Rolled Steel Narrow Strip Market: Market Share Analysis
14.2. Hot Rolled Steel Narrow Strip Distributors and Customers
14.3. Hot Rolled Steel Narrow Strip Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. Corus Special Strip
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Hoesch Hohenlinburg GmbH
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Edelstahl Buderus Gmbh
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. Voestalpine Stahl GmbH
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. ThyssenKrupp
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Arcelor
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. Arvedi
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Ruukki
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. SSAB
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Saltzgitter
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
