Automotive Advanced High Strength Steel (AHSS) Market Size, Share, Growth, Trends, Production, Consumption, Revenue and Forecast 2020 to 2027

The global automotive AHSS (advanced high strength steel) market size is projected to reach around USD 33.95 billion by 2027, registering a CAGR of 13.3%.

North America was the highest revenue contributor, accounting for USD 4.70 billion in 2019, and is estimated to reach USD 11.57 billion by 2027, with a CAGR of 12.3%. Asia-Pacific is estimated to reach USD 10.91 billion by 2027, at a significant CAGR of 14.9%. North America and Asia-Pacific collectively accounted for around 64.6% share in 2018, with the former constituting around 36.2% share. Asia-Pacific and Europe are expected to witness considerable CAGRs of 14.9% and 14.1%, respectively, during the forecast period. The cumulative share of these two segments was 49.9% in 2018 and is anticipated to reach 55.7% by 2027.

Key players includes AK Steel Holding Corporation, ArcelorMittal SA, Baoshan Iron & Steel Co. Ltd., Kobe Steel Ltd., Nucor, POSCO, SSAB AB, Tata Steel Ltd., ThyssenKrupp AG, and United Steel Corporation account for a major automotive AHSS (advanced high strength steel) share.

Segmentation

By Product

• Dual Phase
• TRIP 
• Complex Phase
• Others

By Application

• Structural Assembly & Closures
• Bumpers
• Suspension
• Others

By Vehicle Type

• Passenger Vehicles
• Commercial Vehicles

By Region

• North America
  • U.S.
  • Canada
  • Mexico
• Europe
  • Germany 
  • France 
  • UK
  • Italy
  • Rest of Europe
• Asia-Pacific
  • China
  • Japan 
  • India 
  • South Korea
  • Rest of Asia-Pacific
• LAMEA
  • Latin America
  • Middle East
  • Africa

Key Players

• AK Steel Holding Corporation
• ArcelorMittal SA
• Baoshan Iron & Steel Co. Ltd.
• Kobe Steel Ltd.
• Nucor
• POSCO
• SSAB AB
• Tata Steel Ltd.
• ThyssenKrupp AG
• United Steel Corporation.