Automotive Stainless Steel Tube Market Size, Share & Trends Analysis Report By Product (Welded Tube, Seamless Tube), By Application (Passenger Cars, Commercial Vehicles, Others), By Region, And Segment Forecasts, 2023 - 2030
Automotive Stainless Steel Tube Market Growth & Trends
The global automotive stainless steel tube market size is expected to reach USD 5.73 billion by 2030, expanding at a CAGR of 4.5% from 2023 to 2030, according to a new report by Grand View Research, Inc. Growing automotive industry is projected to be the biggest driver of this market over the forecast period.
The market is segmented on the basis of product into welded and seamless. Advantages such as high strength, resistance to shocks due to collisions and high energy absorption capacity have increased the popularity of stainless steel tube in automotive applications.
Welded stainless steel tube was widely used in the automotive industry in 2015. These are readily available in the market and are less expensive than the seamless tube, making them popular among automobile manufacturers. Asia Pacific is projected to be the fastest-growing region over the forecast period.
In the automotive sector, where steel tubes are exposed to extreme temperatures and pressures, seamless products play an important role courtesy their high corrosion and heat resistant properties. These find applications in important automobile components such as fuel supply systems and gearboxes.
Automotive Stainless Steel Tube Market Report Highlights
- Welded stainless steel tube is accounted for the largest revenue share of 93.3% in 2022. These are more readily available, which results in the minimum waiting period, consequently, making them cost-effective.
- The automotive stainless steel tube market was dominated by Asia Pacific in 2022 and is projected to witness the highest CAGR of 5.0% from 2023 to 2030 owing to presence of major automobile manufacturers such as Honda, Hyundai, Tata Motors, and Toyota Motors in the region
- Europe accounted for a revenue share of over 22.8% in 2022 and is expected to witness considerable growth on account of growing vehicle demand in Germany, Italy, and U.K.
- Chapter 1. Methodology and Scope
- 1.1. Market Segmentation & Scope
- 1.1.1. Product
- 1.1.2. Application
- 1.1.3. Regional scope
- 1.1.4. Estimates and forecast timeline
- 1.2. Research Methodology
- 1.3. Information Procurement
- 1.3.1. Purchased database
- 1.3.2. GVR’s internal database
- 1.3.3. Secondary sources
- 1.3.4. Primary research
- 1.3.5. Details of primary research
- 1.4. Information or Data Analysis
- 1.5. Market Formulation & Validation
- 1.6. Model Details
- 1.7. List of Secondary Sources
- 1.8. List of Primary Sources
- 1.9. Objectives
- Chapter 2. Executive Summary
- 2.1. Market Outlook
- 2.2. Segment Outlook
- 2.2.1. Product outlook
- 2.2.2. Application outlook
- 2.2.3. Regional outlook
- 2.3. Competitive Insights
- Chapter 3. Automotive Stainless Steel Tube Market Variables, Trends & Scope
- 3.1. Market Lineage Outlook
- 3.2. Penetration & Growth Prospect Mapping
- 3.3. Value Chain Analysis
- 3.4. Regulatory Framework
- 3.5. Market Dynamics
- 3.5.1. Market driver analysis
- 3.5.2. Market restraint analysis
- 3.5.3. Industry opportunities & challenges
- 3.6. Automotive Stainless Steel Tube Market Analysis Tools
- 3.6.1. Industry Analysis – Porter’s
- 3.6.1.1. Supplier power
- 3.6.1.2. Buyer power
- 3.6.1.3. Substitution threat
- 3.6.1.4. Threat of new entrant
- 3.6.1.5. Competitive rivalry
- 3.6.2. PESTEL Analysis
- 3.6.2.1. Political landscape
- 3.6.2.2. Technological landscape
- 3.6.2.3. Economic landscape
- 3.6.2.4. Social landscape
- 3.6.2.5. Environmental landscape
- 3.6.2.6. Legal landscape
- Chapter 4. Supplier Portfolio Analysis
- 4.1. List of Suppliers
- 4.2. Kraljic Matrix
- 4.3. Sourcing Best Practices
- 4.4. Negotiation Strategies
- Chapter 5. Automotive Stainless Steel Tube: Type Estimates & Trend Analysis
- 5.1. Automotive Stainless Steel Tube Market: Key Takeaways
- 5.2. Automotive Stainless Steel Tube Market: Movement & Market Share Analysis, 2022 & 2030
- 5.3. Welded Tube
- 5.3.1. Welded tube market estimates and forecasts, 2018 to 2030 (Kilo tons, USD Million)
- 5.4. Seamless Tube
- 5.4.1. Seamless tube market estimates and forecasts, 2018 to 2030 (Kilo tons, USD Million)
- Chapter 6. Automotive Stainless Steel Tube: Application Estimates & Trend Analysis
- 6.1. Automotive Stainless Steel Tube Market: Key Takeaways
- 6.2. Automotive Stainless Steel Tube Market: Movement & Market Share Analysis, 2022 & 2030
- 6.3. Passenger Cars
- 6.3.1. Passenger cars market estimates and forecasts, 2018 to 2030 (Kilo tons, USD Million)
- 6.4. Commercial Vehicles
- 6.4.1. Commercial vehicles market estimates and forecasts, 2018 to 2030 (Kilo tons, USD Million)
- 6.5. Other Modes of Transportation
- 6.5.1. Other modes of transportation market estimates and forecasts, 2018 to 2030 (Kilo tons, USD Million)
- Chapter 7. Automotive Stainless Steel Tube Market: Regional Estimates & Trend Analysis
- 7.1. Regional Outlook
- 7.2. Automotive Stainless Steel Tube Market by Region: Key Takeaway
- 7.3. North America
- 7.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 7.3.2. U.S.
- 7.3.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 7.3.3. Canada
- 7.3.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 7.3.4. Mexico
- 7.3.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 7.4. Europe
- 7.4.1. Germany
- 7.4.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 7.4.2. UK
- 7.4.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 7.4.3. France
- 7.4.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 7.4.4. Italy
- 7.4.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 7.4.5. Spain
- 7.4.5.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 7.5. Asia Pacific
- 7.5.1. China
- 7.5.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons: Revenue, USD Million)
- 7.5.2. India
- 7.5.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons: Revenue, USD Million)
- 7.5.3. Japan
- 7.5.3.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons; Revenue, USD Million)
- 7.5.4. South Korea
- 7.5.4.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons: Revenue, USD Million)
- 7.5.5. Thailand
- 7.5.5.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons: Revenue, USD Million)
- 7.5.6. Indonesia
- 7.5.6.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons: Revenue, USD Million)
- 7.5.7. Malaysia
- 7.5.7.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons: Revenue, USD Million)
- 7.5.8. Australia
- 7.5.8.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons: Revenue, USD Million)
- 7.6. Latin America
- 7.6.1. Brazil
- 7.6.1.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons: Revenue, USD Million)
- 7.6.2. Mexico
- 7.6.2.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons: Revenue, USD Million)
- 7.7. MEA
- 7.7.1. Market estimates and forecasts, 2018 - 2030 (Volume, Kilo Tons: Revenue, USD Million)
- Chapter 8. Competitive Landscape
- 8.1. Recent Developments & Impact Analysis, By Key Market Participants
- 8.2. Market Participant Categorization
- 8.2.1. Sandvik AB
- 8.2.1.1. Company overview
- 8.2.1.2. Financial performance
- 8.2.1.3. Product benchmarking
- 8.2.1.4. Strategic initiatives
- 8.2.2. NIPPON STEEL CORPORATION
- 8.2.2.1. Company overview
- 8.2.2.2. Financial performance
- 8.2.2.3. Product benchmarking
- 8.2.2.4. Strategic initiatives
- 8.2.3. ArcelorMittal
- 8.2.3.1. Company overview
- 8.2.3.2. Financial performance
- 8.2.3.3. Product benchmarking
- 8.2.3.4. Strategic initiatives
- 8.2.4. thyssenKrupp AG
- 8.2.4.1. Company overview
- 8.2.4.2. Financial performance
- 8.2.4.3. Product benchmarking
- 8.2.4.4. Strategic initiatives
- 8.2.5. TUBACEX S.A.
- 8.2.5.1. Company overview
- 8.2.5.2. Financial performance
- 8.2.5.3. Product benchmarking
- 8.2.5.4. Strategic initiatives
- 8.2.6. Handytube Corporation
- 8.2.6.1. Company overview
- 8.2.6.2. Financial performance
- 8.2.6.3. Product benchmarking
- 8.2.6.4. Strategic initiatives
- 8.2.7. Plymouth Tube Company
- 8.2.7.1. Company overview
- 8.2.7.2. Financial performance
- 8.2.7.3. Product benchmarking
- 8.2.7.4. Strategic initiatives
- 8.2.8. fischer Group of Companies
- 8.2.8.1. Company overview
- 8.2.8.2. Financial performance
- 8.2.8.3. Product benchmarking
- 8.2.8.4. Strategic initiatives
- 8.2.9. Maxim Tubes Company Pvt. Ltd.
- 8.2.9.1. Company overview
- 8.2.9.2. Financial performance
- 8.2.9.3. Product benchmarking
- 8.2.9.4. Strategic initiatives
- 8.2.10. JFE Steel Corporation
- 8.2.10.1. Company overview
- 8.2.10.2. Financial performance
- 8.2.10.3. Product benchmarking
- 8.2.10.4. Strategic initiatives
- 8.2.11. ChelPipe
- 8.2.11.1. Company overview
- 8.2.11.2. Financial performance
- 8.2.11.3. Product benchmarking
- 8.2.11.4. Strategic initiatives
- 8.2.12. Penn Stainless
- 8.2.12.1. Company overview
- 8.2.12.2. Financial performance
- 8.2.12.3. Product benchmarking
- 8.2.12.4. Strategic initiatives
- 8.2.13. Bri-Steel Manufacturing
- 8.2.13.1. Company overview
- 8.2.13.2. Financial performance
- 8.2.13.3. Product benchmarking
- 8.2.13.4. Strategic initiatives
- 8.2.14. Centravis
- 8.2.14.1. Company overview
- 8.2.14.2. Financial performance
- 8.2.14.3. Product benchmarking
- 8.2.14.4. Strategic initiatives
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