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

Published Date : Apr 2020 | No. of Pages : 200 Pages | Category : Automation and Transport

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.

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