Global Automotive Steel Market Growth 2025-2031

Global Automotive Steel Market Growth 2025-2031

The global Automotive Steel market size is predicted to grow from US$ 145900 million in 2025 to US$ 201150 million in 2031; it is expected to grow at a CAGR of 5.5% from 2025 to 2031.

Automotive steels can be classified in several different ways. One is a metallurgical designation providing some process information. Common designations include low-strength steels; conventional HSS; and the new AHSS.

Additional higher strength steels for the automotive market include hot-formed, post-forming heat-treated steels, and steels designed for unique applications that include improved edge stretch and stretch bending.

Global Automotive Steel key players include ArcelorMittal, Baowu, POSCO, ThyssenKrupp, Nippon Steel, etc. Global top five manufacturers hold a share nearly 50%.

Asia-Pacific is the largest market, with a share about 60%, followed by Europe, and North America, both have a share over 30 percent.

In terms of product, Low-strength Steel is the largest segment, with a share about 45%. And in terms of application, the largest application is Passenger Vehicle, followed by Commercial Vehicle.

LP Information, Inc. (LPI) ' newest research report, the “Automotive Steel Industry Forecast” looks at past sales and reviews total world Automotive Steel sales in 2024, providing a comprehensive analysis by region and market sector of projected Automotive Steel sales for 2025 through 2031. With Automotive Steel sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Automotive Steel industry.

This Insight Report provides a comprehensive analysis of the global Automotive 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 Steel portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Automotive Steel market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Automotive 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 Steel.

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

Segmentation by Type:
Low-strength Steel
Conventional HSS
AHSS
Others

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 analysing the company's coverage, product portfolio, its market penetration.
ArcelorMittal
Baowu
POSCO
ThyssenKrupp
Nippon Steel
HYUNDAI Steel
JFE
Tatasteel
HBIS
United States Steel
Nucor

Key Questions Addressed in this Report

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

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

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

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

How does Automotive Steel break out by Type, by Application?

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