Global Automotive High Strength Steel Market Growth 2023-2029

Global Automotive High Strength Steel Market Growth 2023-2029

Advanced High-Strength Steels (AHSS) are complex, sophisticated materials, with carefully selected chemical compositions and multiphase microstructures resulting from precisely controlled heating and cooling processes. Various strengthening mechanisms are employed to achieve a range of strength, ductility, toughness, and fatigue properties. These steels aren’t the mild steels of yesterday; rather they are uniquely light weight and engineered to meet the challenges of today’s vehicles for stringent safety regulations, emissions reduction, solid performance, at affordable costs.

LPI (LP Information)' newest research report, the “Automotive High Strength Steel Industry Forecast” looks at past sales and reviews total world Automotive High Strength Steel sales in 2022, providing a comprehensive analysis by region and market sector of projected Automotive High Strength Steel sales for 2023 through 2029. With Automotive High Strength Steel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive High Strength Steel industry.

This Insight Report provides a comprehensive analysis of the global Automotive High Strength Steel landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Automotive High Strength Steel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Automotive High Strength Steel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive High Strength Steel and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Automotive High Strength Steel.

The global Automotive High Strength Steel market size is projected to grow from US$ 24140 million in 2022 to US$ 34640 million in 2029; it is expected to grow at a CAGR of 34640 from 2023 to 2029.

Global Automotive High Strength Steel key players include Arcelor Mittal (Luxembourg), SSAB, POSCO, etc. Global top three players hold a share about 55%.

Europe is the largest market, with a share about 40%, followed by China and North America, having a total share about 30 percent.

In terms of product, AHSS is the largest segment, with a share about 60%. And in terms of application, the largest application is Passenger Vehicle, followed by Commercial Vehicle.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive High Strength Steel market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Conventional HSS

AHSS

Segmentation by application

Commercial Vehicle

Passenger Vehicle

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

Arcelor Mittal

SSAB

POSCO

United States Steel Corporation

Voestalpine

ThyssenKrupp

Baowu Group

Ansteel

Key Questions Addressed in this Report

What is the 10-year outlook for the global Automotive High Strength Steel market?

What factors are driving Automotive High Strength Steel market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Automotive High Strength Steel market opportunities vary by end market size?

How does Automotive High Strength Steel break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.