Global Automotive Advanced High Strength Steel (AHSS) Market, By Product (Transformation-Induced Plasticity (TRIP) Steel, Martensitic Steel, Dual Phase Steel, Boron Steel, Twinning-Induced Plasticity (TWIP) Steel, Others), Vehicle Type (Passenger Vehicle, Light Commercial Vehicle, Heavy Commercial Vehicle), Tensile Strength (Upto 600 MPa, 600-900 MPa, 900-1200 MPa, 1200-1500 MPa, Above 1500 MPa), Application (Structural Details; Car Seats; Bumpers; Chasis, Wheels and Power Train; Side Impact Beams; Suspensions; Body and Closures; Others), Sales Channel (OEMs, Aftermarket), Country (U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa) Industry Trends and Forecast to 2028
Market Analysis and Insights : Global Automotive Advanced High Strength Steel (AHSS) Market
The automotive advanced high strength steel (AHSS) market is expected to see market growth in the forecast period from 2021 to 2028 at a rate of 11.10%. The automotive advanced high strength steel (AHSS) market research report offers analysis and insights into the various factors expected to be prevalent during the forecast period, while providing their effect on the growth of the market.
Advanced high-strength steels (AHSS) are considered to be a significant material used to manufacture potential services for mobility. AHSS is steel of high tensile strength used by manufacturers because of its light weight, toughness, performance, protection, and higher quality. AHSS is known as the new generation of steel grades, which is used during production due to its high tensile strength and advantages over other materials and retains its shape and ductility.
The increasing production of vehicles across the globe, adoption of government norms regarding CO2 emissions as well as vehicle safety, easy availability of low cost and lightweight material, growing number of technological advancement in terms of safety, comfort and security of the vehicle and passenger are some of the vital as well as impactful factors which will likely to augment the growth of the automotive advanced high strength steel (AHSS) market in the projected timeframe of 2021-2028. On the other hand, growth of the automotive industry across the globe along with expansion of OEMs and rising focus of enhancing the quality and fuel efficiency of the vehicle which will further contribute by generating immense opportunities that will led to the growth of the automotive advanced high strength steel (AHSS) market in the above mentioned projected timeframe.
Easy availability of product substitute along with volatility in the prices of steel which will likely to act as market restraints factor for the growth of the automotive advanced high strength steel (AHSS) in the above mentioned forecasted period. The growing trends of aluminium alloy which will become the biggest and foremost challenge for the growth of the market.
This automotive advanced high strength steel (AHSS) market report provides details of new recent developments, trade regulations, import export analysis, production analysis, value chain optimization, market share, impact of domestic and localised market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on automotive advanced high strength steel (AHSS) market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
Global Automotive Advanced High Strength Steel (AHSS) Market Scope and Market Size
Automotive advanced high strength steel (AHSS) market is segmented on the basis of product, vehicle type, application, sales channel and tensile strength. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- Automotive advanced high strength steel (AHSS) market on the basis of product has been segmented as transformation-induced plasticity (TRIP) steel, martensitic steel, dual phase steel, boron steel, twinning-induced plasticity (TWIP) steel, and others.
- Based on vehicle type, the automotive advanced high strength steel (AHSS) market has been segmented into passenger vehicle, light commercial vehicle, and heavy commercial vehicle. Passenger vehicle has been further segmented into hatchback, sedan, and SUV/MUV.
- On the basis of tensile strength, the automotive advanced high strength steel (AHSS) market has been segmented into upto 600 MPa, 600-900 MPa, 900-1200 MPa, 1200-1500 MPa, and above 1500 MPa.
- On the basis of application, the automotive advanced high strength steel (AHSS) market has been segmented into structural details; car seats; bumpers; chasis, wheels and power train; side impact beams; suspensions; body and closures; and others.
- Based on sales channel, the automotive advanced high strength steel (AHSS) market has been segmented into OEMs, and aftermarket.
Automotive Advanced High Strength Steel (AHSS) Market Country Level Analysis
Automotive advanced high strength steel (AHSS) market is analysed and market size, volume information is provided by country, product, vehicle type, application, sales channel, and tensile strength as referenced above.
The countries covered in the automotive advanced high strength steel (AHSS) market report are U.S., Canada and Mexico in North America, Brazil, Argentina and Rest of South America as part of South America, Germany, Italy, U.K., France, Spain, Netherlands, Belgium, Switzerland, Turkey, Russia, Rest of Europe in Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA).
Asia-Pacific will dominate the automotive advanced high strength steel (AHSS) market due to the availability of low cost manual, rising focus on fuel efficiency and development of automotive manufacturing industries in India, and China, while Europe will expect to grow in the forecast period of 2021-2028 due to the adoption of strict emission norms of the government along with surging levels of investment by the market players in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Automotive Advanced High Strength Steel (AHSS) Market Share Analysis
Automotive advanced high strength steel (AHSS) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, regional presence, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to automotive advanced high strength steel (AHSS) market.
The major players covered in the automotive advanced high strength steel (AHSS) market report are AK Steel Corporation; ArcelorMittal; KOBE STEEL, LTD.; POSCO; China BaoWu Steel Group Corporation Limited; SSAB group; Tata Steel; thyssenkrupp Steel Europe; UNITED STEEL.; United States Steel.; Nucor Corporation; NIPPON STEEL CORPORATION; Hyundai Motors New Zealand; Gerdau S/A; BRS.; JSW; JFE Steel Corporation; voestalpine Stahl GmbH; HBIS GROUP; SEVERSTAL; among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
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