Automotive AHSS Market 2019 Global Analysis, Share, Trends, Size, Growth, Applications, Opportunities, Business Development, And Regional Outlook To 2023

Automotive AHSS Market 2019 Global Analysis, Share, Trends, Size, Growth, Applications, Opportunities, Business Development, And Regional Outlook To 2023

“””Automotive AHSS Market”‘”
Automotive AHSS Market 2019 Global Analysis To 2023 published by “Market Research Future”, provides depth study of Global Automotive AHSS Market Size and Share Analysis, Key Company share With Global Industry Historic and Forecast to 2023. Automotive AHSS Market Analyzed By Product Type (Dual Phase, Martensitic Steel, Boron Steel and Others), by Vehicle Type (Passenger Car and Commercial Vehicle), By Application (Body & Closures, Suspensions, Bumper and Others) and Region. Tightened Regulatory Norms Catalyze the Gr

The global automotive AHSS market is demonstrating an upward growth trend and is anticipated to reach USD 23.45 Bn at a CAGR of 9.8% over the forecast period of 2017-2023, affirms Market Research Future (MRFR) in its recently published report. China Leading Production in the Automotive AHSS Market. Sustainability Initiatives of the Automotive Industry Augur Well for Automotive AHSS Market.

Tata Steel Limited (India), China Baowu Steel Group Corp., Ltd. (China), AK Steel Holding Corporation (U.S.), United Steel Corporation (India), ArcelorMittal S.A. (Luxembourg), Kobe Steel Ltd.  (Japan), ThyssenKrupp AG (Germany), POSCO (South Korea), and SSAB AB (Sweden) are the key players in the automotive AHSS market.

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Automotive advanced high-strength steels (AHSS) are modern steels specially engineered to meet the challenges surrounding the automotive industry, considering tightened safety regulations, emission control norms, and solid performance. They exhibit enhanced strength, ductility, toughness, and fatigue properties which are achieved through a variety of strengthening mechanism. They are being progressively adopted by automotive manufacturers for advantageous vehicle production.

A surge in demand for advanced engineered materials to extend the life of vehicles coupled with the increasing sale of commercial and passenger cars have primarily driven the automotive AHSS market. AHSS is cost efficient as compared to other lightweight materials and exhibit various desirable properties which have led to its increased demand. Additionally, the automotive industry is focusing on the usage of new and advanced high strength steel grades, that can help the industry ensure compliance with stringent regulatory requirements. In recent times, there has been a towering focus on curtailment of CO2 emissions and improvement of fuel economy to align with global energy conservation initiatives. AHSS exhibit improved performance in fuel efficiency, durability, and cost.

Technological advancement in AHSS industry is reflecting favorably on the growth of the automotive AHSS market. Development in forming technologies such as hydroforming, electromagnetic metal forming, and others, as well as expanding structural sheet industry which is during rigorous development and innovation are other factors boosting the growth of the automotive AHSS market.

Segmentation;

The global automotive AHSS market has been segmented based on product type, vehicle type, and application.

By product type, the automotive AHSS market has been segmented into dual phase, martensitic steel, boron steel, and others. The dual phase steel segment is leading the market due to its extensive usage in the automotive industry.

By vehicle type, the automotive AHSS market has been segmented into passenger car and commercial car. The passenger car segment is likely to dominate the market over the forecast period.

By application, the automotive AHSS market has been segmented into body & closures, suspensions, bumper, and others.

Regional Analysis:

By region, the automotive AHSS market has been segmented into North America, Rest-of-the-World (RoW), Europe, and Asia Pacific (APAC).

The APAC automotive AHSS market accounts for the largest share of the global market and is led by China. Continued expansion of the automotive industry in China owing to the heightened sale of passenger as well as commercial vehicles. Moreover, China has trade-friendly policies which enable automakers to carry out manufacturing operations in the region. China is a major contributor to the steel industry, however, the steel market in China has witnessed a slowdown in recent times. This has opened up new growth avenues for other sub-markets such as Japan. Japan and other countries in the APAC region have improved their distribution network which has further boosted the growth of the market. Other factors supporting the growth of the APAC automotive AHSS market include an increase in demand and production of vehicles, ease of operations and economies of scale, innovation in engineering, and intensified focus on fuel efficiency and sustainability.

Europe follows APAC closely and is accountable for an advantageous share of the global market. Improving economic conditions, stringent emission norms laid down by the regulatory bodies, and increasing investment by automotive players are factors which are supporting the growth of the market.

Industry Updates

May 2019 – Primetals Technologies has entered into a partnership with United States Steel Corporation to supply an Arvedi ESP (Endless Strip Production) line at teh company’s Edgar Thomson Plant at Braddock, Pennsylvania production location. This will help Mon Valley Works become the prime source of substrate for the production of  XG3 Advanced High Strength Steel (AHSS).

Table Of Contents

1 Executive Summary

2 Research Methodology

2.1 Scope Of The Study

2.1.1 Definition

2.1.2 Research Objective

2.1.3 Assumptions

2.1.4 Limitations

2.2 Research Process

2.2.1 Primary Research

2.2.2 Secondary Research

2.3 Market Size Estimation

2.4 Forecast Model

3 Market Dynamics

3.1 Market Drivers

3.2 Market Inhibitors

3.3 Supply/Value Chain Analysis

3.4 Porter’s Five Forces Analysis

4 Global Automotive AHSS Market, By Product Type

4.1 Introduction

4.2 Dual Phase Steel

4.3 Martensitic Steel

4.4 Boron Steel

4.5 Others

5 Global Automotive AHSS Market, By Vehicle Type

5.1 Introduction

5.2 Passenger Car

5.3 Commercial Vehicle

6 Global Automotive AHSS Market, By Application

6.1 Introduction

6.2 Body & Closures

6.3 Suspensions

6.4 Bumper

6.5 Others

7 Regional Market Analysis

7.1 Introduction

7.2 North America

7.2.1 U.S.

7.2.2 Canada

7.3 Europe

7.3.1 U.K

7.3.2 France

7.3.3 Germany

7.3.4 Spain

7.3.5 Rest Of Europe

7.4 Asia Pacific

7.4.1 China

7.4.2 Japan

7.4.3 India

7.4.4 Rest Of Asia-Pacific

7.5 Rest Of The World

8 Competitive Analysis

8.1 Introduction

8.2 Competitive Scenario

8.2.1 Market Share Analysis

8.2.2 Market Development Analysis

8.2.3 Technology/Service Benchmarking

8.3 AK Steel Holding Corporation

8.3.1 Overview

8.3.2 Technology/Service Offering

8.3.3 Strategy

8.4 ArcelorMittal S.A.

8.4.1 Overview

8.4.2 Technology/Service Offering

8.4.3 Strategy

8.5 China Baowu Steel Group Corp., Ltd.

8.5.1 Overview

8.5.2 Technology/Service Offering

8.5.3 Strategy

8.7 Kobe Steel Ltd.

8.7.1 Overview

8.7.2 Technology/Service Offering

8.7.3 Strategy

8.7 POSCO

8.7.1 Overview

8.7.2 Technology/Service Offering

8.7.3 Strategy

8.8 SSAB AB

8.8.1 Overview

8.8.2 Technology/Service Offering

8.8.3 Strategy

8.9 Tata Steel Limited

8.9.1 Overview

8.9.2 Technology/Service Offering

8.9.3 Strategy

8.10 ThyssenKrupp AG

8.10.1 Overview

8.10.2 Technology/Service Offering

8.10.3 Strategy

8.11 United Steel Corporation

8.11.1 Overview

8.11.2 Technology/Service Offering

8.11.3 Strategy

Continued…

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