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Market Snapshot

CAGR:8.06

2023

2032

Source: Market Expertz

Study Period	2019-2032
Base Year	2023
Forcast Year	2023-2032
CAGR	8.06

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Report Overview

Automotive AHSS Market Analysis Report 2023-2032

The Automotive AHSS (Advanced High-Strength Steel) Market is expected to experience a Compound Annual Growth Rate (CAGR) of 6.85% between 2022 and 2032. During this period, the market size is projected to see a significant increase of USD 3,450.75 million. The growth of this market is driven by a combination of factors, including the automotive industry's pursuit of lightweight and high-strength materials, stringent safety and emission standards, and the need to enhance fuel efficiency.

Automotive AHSS Market Overview

Drivers

The expansion of the Automotive AHSS Market is primarily driven by the automotive industry's relentless efforts to produce safer, more fuel-efficient, and eco-friendly vehicles. Advanced High-Strength Steel is gaining prominence as a material of choice due to its exceptional strength-to-weight ratio and crashworthiness.

Stringent safety and emission standards imposed by governments worldwide have accelerated the adoption of AHSS, as it allows automakers to produce lightweight yet sturdy vehicles that meet these standards.

Trends

One significant trend shaping the Automotive AHSS Market is the development of third-generation AHSS, which offers even higher strength levels. As manufacturers continuously push the boundaries of steel materials, these advanced materials are becoming integral to vehicle design and construction.

Another noteworthy trend is the growth of AHSS in electric vehicles (EVs) and hybrid cars. Reducing the weight of these vehicles is crucial for extending battery range, and AHSS is playing a pivotal role in achieving this goal.

Restraints

The major restraint in the Automotive AHSS Market is the increasing competition from alternative materials like aluminum and composite materials. While AHSS provides a good balance of strength and weight, automakers are exploring other materials that might offer more weight savings, particularly in EVs where reducing weight directly impacts battery performance.

Moreover, the initial investment required to retool manufacturing processes to work with AHSS can be a financial barrier for some automakers, especially smaller manufacturers.

Automotive AHSS Market Segmentation By Product Type

Different product types of AHSS are experiencing varying levels of adoption in the market. Categories include dual-phase steel, transformation-induced plasticity steel, complex phase steel, martensitic steel, and others. Manufacturers are choosing product types based on the specific needs of their vehicle designs.

Application Segmentation

The application segment in the Automotive AHSS Market includes body and closures, suspension, bumper, and others. Each of these applications benefits from AHSS's exceptional strength properties. Body and closure parts, for example, are increasingly being made from AHSS to reduce weight and improve safety.

Geographical Overview

North America and Europe are expected to be key drivers of global Automotive AHSS Market growth. The presence of major automotive manufacturers and the region's focus on safety and emission standards are key factors contributing to AHSS adoption.

The market witnessed a temporary slowdown during the COVID-19 pandemic due to manufacturing disruptions. However, as the automotive industry makes a strong recovery and the need for fuel-efficient and safe vehicles intensifies, the market is poised for renewed growth.

Automotive AHSS Market Customer Landscape

The Automotive AHSS Market report offers insights into the preferences and requirements of different customer segments, ranging from major automotive manufacturers seeking advanced materials to tier-one suppliers providing components and systems to the automotive industry. Understanding customer needs and expectations is essential for market growth.

Major Automotive AHSS Companies

Prominent players in the Automotive AHSS Market are actively involved in research and development to improve the performance of AHSS. A sample list of major companies in the market includes:

ArcelorMittal S.A.
Nippon Steel & Sumitomo Metal Corporation
POSCO
ThyssenKrupp AG
Baoshan Iron & Steel Co., Ltd.

Qualitative and quantitative analyses of these companies offer valuable insights into the competitive landscape. This analysis enables stakeholders to comprehend market dynamics and assess the strengths and weaknesses of key players. Categorization of companies based on their market focus and influence provides a comprehensive view of the competitive environment.

Segment Overview

The Automotive AHSS Market report provides revenue forecasts on a global, regional, and country level. The report also includes an analysis of emerging trends and growth opportunities spanning from 2019 to 2032.

Product Type Outlook (USD Million, 2019 - 2032)

Dual-Phase Steel
Transformation-Induced Plasticity Steel
Complex Phase Steel
Martensitic Steel
Others

Application Outlook (USD Million, 2019 - 2032)

Body and Closures
Suspension
Bumper
Others

Geography Outlook (USD Million, 2019 - 2032)

North America

United States
Canada

Europe

United Kingdom
Germany
France
Rest of Europe

APAC

China
Japan
India
Rest of APAC

Latin America

Brazil
Mexico
Rest of Latin America

Middle East & Africa

United Arab Emirates
South Africa
Rest of Middle East & Africa

TABLE OF CONTENTS: GLOBAL North America Automotive AHSS MARKET

Chapter 1. MARKET SYNOPSIS

1.1. Market Definition

1.2. Research Scope & Premise

1.3. Methodology

1.4. Market Estimation Technique

Chapter 2. EXECUTIVE SUMMARY

2.1. Summary Snapshot, 2016 – 2027

Chapter 3. INDICATIVE METRICS

3.1. Macro Indicators

Chapter 4. North America Automotive AHSS MARKET SEGMENTATION & IMPACT ANALYSIS

4.1. North America Automotive AHSS Segmentation Analysis

4.2. Industrial Outlook

4.3. Price Trend Analysis

4.4. Regulatory Framework

4.5. Porter’s Five Forces Analysis

4.5.1. Power Of Suppliers

4.5.2. Power Of Buyers

4.5.3. Threat Of Substitutes

4.5.4. Threat Of New Entrants

4.5.5. Competitive Rivalry

Chapter 5. North America Automotive AHSS MARKET BY Application type landscape

SIGHTS & TRENDS

5.1. Segment 1 Dynamics & Market Share, 2019 & 2027

5.2 Structural Assembly & Closures

5.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.3 Bumpers

5.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

5.4 Suspension

5.4.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

5.4.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 6. North America Automotive AHSS MARKET BY Vehicle type INSIGHTS & TRENDS

6.1. Segment 2 Dynamics & Market Share, 2019 & 2027

6.2 Passenger Vehicles

6.2.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.2.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

6.3 Commercial Cars

6.3.1. Market Estimates And Forecast, 2016 – 2027 (USD Million)

6.3.2. Market Estimates And Forecast, By Region, 2016 – 2027 (USD Million)

Chapter 7. North America Automotive AHSS MARKET REGIONAL OUTLOOK

7.1. North America Automotive AHSS Market Share By Region, 2019 & 2027

7.2. NORTH AMERICA

7.2.1. North America North America Automotive AHSS Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.2. North America North America Automotive AHSS Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.3. North America North America Automotive AHSS Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.4. North America North America Automotive AHSS Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.5. U.S.

7.2.5.1. U.S. North America Automotive AHSS Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.5.2. U.S. North America Automotive AHSS Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.5.3. U.S. North America Automotive AHSS Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.5.4. U.S. North America Automotive AHSS Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.2.6. CANADA

7.2.6.1. Canada North America Automotive AHSS Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.2.6.2. Canada North America Automotive AHSS Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.2.6.3. Canada North America Automotive AHSS Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.2.6.4. Canada North America Automotive AHSS Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3. EUROPE

7.3.1. Europe North America Automotive AHSS Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.2. Europe North America Automotive AHSS Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.3. Europe North America Automotive AHSS Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.4. Europe North America Automotive AHSS Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.5. GERMANY

7.3.5.1. Germany North America Automotive AHSS Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.5.2. Germany North America Automotive AHSS Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.5.3. Germany North America Automotive AHSS Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.5.4. Germany North America Automotive AHSS Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.6. FRANCE

7.3.6.1. France North America Automotive AHSS Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.6.2. France North America Automotive AHSS Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.6.3. France North America Automotive AHSS Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.6.4. France North America Automotive AHSS Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.3.7. U.K.

7.3.7.1. U.K. North America Automotive AHSS Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.3.7.2. U.K. North America Automotive AHSS Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.3.7.3. U.K. North America Automotive AHSS Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.3.7.4. U.K. North America Automotive AHSS Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4. ASIA-PACIFIC

7.4.1. Asia Pacific North America Automotive AHSS Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.2. Asia Pacific North America Automotive AHSS Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.3. Asia Pacific North America Automotive AHSS Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.4. Asia Pacific North America Automotive AHSS Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.5. CHINA

7.4.5.1. China North America Automotive AHSS Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.5.2. China North America Automotive AHSS Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.5.3. China North America Automotive AHSS Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.5.4. China North America Automotive AHSS Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.6. INDIA

7.4.6.1. India North America Automotive AHSS Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.6.2. India North America Automotive AHSS Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.6.3. India North America Automotive AHSS Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.6.4. India North America Automotive AHSS Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.7. JAPAN

7.4.7.1. Japan North America Automotive AHSS Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.7.2. Japan North America Automotive AHSS Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.7.3. Japan North America Automotive AHSS Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.7.4. Japan North America Automotive AHSS Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.4.8. AUSTRALIA

7.4.8.1. Australia North America Automotive AHSS Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.4.8.2. Australia North America Automotive AHSS Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.4.8.3. Australia North America Automotive AHSS Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.4.8.4. Australia North America Automotive AHSS Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.5. MIDDLE EAST AND AFRICA (MEA)

7.5.1. Mea North America Automotive AHSS Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.5.2. Mea North America Automotive AHSS Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.5.3. Mea North America Automotive AHSS Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.5.4. Mea North America Automotive AHSS Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

7.6. LATIN AMERICA

7.6.1. Latin America North America Automotive AHSS Market Estimates And Forecast, 2016 – 2027, (USD Million)

7.6.2. Latin America North America Automotive AHSS Market Estimates And Forecast By Segment 1, 2016 –2027, (USD Million)

7.6.3. Latin America North America Automotive AHSS Market Estimates And Forecast By Segment 2, 2016 –2027, (USD Million)

7.6.4. Latin America North America Automotive AHSS Market Estimates And Forecast By Production Process, 2016 –2027, (USD Million)

7.6.5. Latin America North America Automotive AHSS Market Estimates And Forecast By Segment 3, 2016 –2027, (USD Million)

Chapter 8. COMPETITIVE LANDSCAPE

8.1. Market Share By Manufacturers

8.2. Strategic Benchmarking

8.2.1. New Product Launches

8.2.2. Investment & Expansion

8.2.3. Acquisitions

8.2.4. Partnerships, Agreement, Mergers, Joint-Ventures

8.3. Vendor Landscape

8.3.1. North American Suppliers

8.3.2. European Suppliers

8.3.3. Asia-Pacific Suppliers

8.3.4. Rest Of The World Suppliers

Chapter 9. COMPANY PROFILES

9.1 AK Steel Holdings CO. Ltd.,

9.1.1. Company Overview

9.1.2. Financial Performance

9.1.3. Product Insights

9.1.4. Strategic Initiatives

9.2 Saab AB

9.2.1. Company Overview

9.2.2. Financial Performance

9.2.3. Product Insights

9.2.4. Strategic Initiatives

9.3 Thyssenkrupp

9.3.1. Company Overview

9.3.2. Financial Performance

9.3.3. Product Insights

9.3.4. Strategic Initiatives

9.4 TATA Steel

9.4.1. Company Overview

9.4.2. Financial Performance

9.4.3. Product Insights

9.4.4. Strategic Initiatives

9.5 Arcelor Mittal

9.5.1. Company Overview

9.5.2. Financial Performance

9.5.3. Product Insights

9.5.4. Strategic Initiatives

9.6 Company 6

9.6.1. Company Overview

9.6.2. Financial Performance

9.6.3. Product Insights

9.6.4. Strategic Initiatives

9.7 Company 7

9.7.1. Company Overview

9.7.2. Financial Performance

9.7.3. Product Insights

9.7.4. Strategic Initiatives

9.8 Company 8

9.8.1. Company Overview

9.8.2. Financial Performance

9.8.3. Product Insights

9.8.4. Strategic Initiatives

9.9 Company 9

9.9.1. Company Overview

9.9.2. Financial Performance

9.9.3. Product Insights

9.9.4. Strategic Initiatives

9.10 Company 10

9.10.1. Company Overview

9.10.2. Financial Performance

9.10.3. Product Insights

9.10.4. Strategic Initiatives

RESEARCH METHODOLOGY

A research methodology is a systematic approach for assessing or conducting a market study. Researchers tend to draw on a variety of both qualitative and quantitative study methods, inclusive of investigations, survey, secondary data and market observation.

Such plans can focus on classifying the products offered by leading market players or simply use statistical models to interpret observations or test hypotheses. While some methods aim for a detailed description of the factors behind an observation, others present the context of the current market scenario.

Now let’s take a closer look at the research methods here.

Secondary Research Model

Extensive data is obtained and cumulated on a substantial basis during the inception phase of the research process. The data accumulated is consistently filtered through validation from the in-house database, paid sources as well reputable industry magazines. A robust research study requires an understanding of the overall value chain. Annual reports and financials of industry players are studied thoroughly to have a comprehensive idea of the market taxonomy.

Primary Insights

Post conglomeration of the data obtained through secondary research; a validation process is initiated to verify the numbers or figures. This process is usually performed by having a detailed discussion with the industry experts.

However, we do not restrict our primary interviews only to the industry leaders. Our team covers the entire value chain while verifying the data. A significant number of raw material suppliers, local manufacturers, distributors, and stakeholders are interviewed to make our findings authentic. The current trends which include the drivers, restraints, and opportunities are also derived through the primary research process.

Market Estimation

The market estimation is conducted by analyzing the data collected through both secondary and primary research. This process involves market breakdown, bottom-up and top- down approach.

Moreover, while forecasting the market a comprehensive statistical time series model is designed for each market. Macroeconomic indicators are considered to understand the current trends of the market. Each data point is verified by the process of data triangulation method to arrive at the final market estimates.

Final Presentation

The penultimate process results in a holistic research report. The study equips key industry players to undertake significant strategic decisions through the findings. The report encompasses detailed market information. Graphical representations of the current market trends are also made available in order to make the study highly comprehensible for the reader.

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Automotive Ahss Market Size, Type Analysis, Application Analysis, End-Use, Industry Analysis, Regional Outlook, Competitive Strategies And Forecasts, 2023-2032