Market Research Report

Global Automotive Steel Market Report By Type [Mild Steel, Alloy Steel, High Strength Steel, And Advanced High Strength Steel (AHSS)], Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, And Heavy Commercial Vehicles), Application (Body-In White, Drive Train, Suspension, And Others) And By Regions - Industry Trends, Size, Share, Growth, Estimation And Forecast, 2021-2028

ID:VMR11210683
July 2021
Report Formats: Electronic (PDF), MS EXCEL
Global Automotive Steel Market Overview
In automotive, steel is used in various parts. More than one-third is used in the body structure, panels, doors, and trunk closures for high-strength and energy absorption. Over 20% is used in the drive train, consisting of cast iron for the engine block and machinable carbon steel for the wear-resistant gears. Around 11 % is employed in the suspension, using rolled high-strength steel strips. The rest is found in the wheels, tires, fuel tank, steering, and braking systems. There are many advantages of employing steel in automotive, endlessly recyclable, has lower CO2 life cycle emissions than other automotive material, enables engineering of crash-resistant structures, allow the design of stronger & lightweight vehicles; therefore fuel-efficient, durable and remanufacture-friendly, enables affordable repairs, and cost-efficient compared to other materials.
According to Value Market Research, the global automotive steel market size was valued at about USD 113.5 billion in 2020 and is estimated to grow at a CAGR of around 4 % during the forecast period 2021 to 2027.

There has been a drastic rise in automobiles production and sales due to the thriving businesses, vehicle electrification, increasing purchasing power, demand for automated and comfortable vehicles, stringent vehicle expiration rules, and revival of carbon emission norms. Market projections are estimated from the new consumer requirements, spurring manufacturing, surging investment, quality demand, and new regulations. The emergence of new connected cars and autonomous vehicles might prove opportunities for the automotive steel market growth. Automakers are making substantial capital investments in research and development activities to develop more strong body structure.

However, boosting the fuel economy to meet objectives to reduce emissions is negatively impacting the global automotive steel market as low-density alternative materials are being used to reduce vehicle’s overall weight. Also, trade restrictions and economic uncertainties are estimated to hinder market growth. The automotive industry is witnessing a steep decline due to the economic slowdown caused due to COVID-19 pandemic. The economic downturn has resulted in recession and weakening purchasing power, hindering the global automotive steel market.

Global automotive steel market is fragmented. ArcelorMittal, ThyssenKrupp, Nippon Steel, POSCO, Baosteel, HYUNDAI steel, JFE, Tatasteel, HBIS, United States Steel, and Nucor are key players associated with the market.

Global Automotive Steel Market Share

In this research report, the automotive steel market is segmented by type, vehicle, application, and region.
 
Analysis, By Type:
Based on type, the global automotive steel market is segmented into low-strength steel, conventional HSS (high-strength steels), AHSS (Advanced high-strength steels), and others. AHSS (Advanced high-strength steels) is the most lucrative segment in the global automotive steel market. AHSS is now used for nearly every new vehicle design because of its unique mechanical properties, higher strain hardening capacity, and excellent strength-ductility balance. It makes up as much as two-thirds of today’s vehicles body structures, making lighter, improved crash protection, optimized vehicle designs that enhance safety and improve fuel efficiency.
 
Analysis, By Vehicle:
Based on vehicle, the global automotive steel market is divided into passenger vehicles, light commercial vehicles, and heavy commercial vehicles. In 2020, the passenger car segment dominated the global automotive steel market by vehicle type. The segment is projected to grow due to increased sales of passenger cars and body structure embedded value, rising disposable income in rural and urban sectors, easy finance availability, and improving safety and comfort requirements. Companies operating within the segment are focused on designing lightweight vehicles. The passenger segment is growing at the highest pace, with more and more luxury cars entering the market. LCV is a second prominent segment of the global automotive semiconductor market. The segment would see growth momentum with increased e-commerce logistic service providers, and the potential implementation of fleet modernization or scrappage program.
 
Analysis, By Application:
Based on application, the global automotive steel market is segmented into the body structure, drive train, suspension, and others. The body structure segment held a major chunk of the global automotive steel market. One-third of automotive steel goes for designing vehicle body structures such as panels, doors, and trunk closures for high-strength and energy absorption. Rising demand for safer & crash protective vehicles and spurring production of heavy and light commercial vehicles drive the body structure segment growth.
 
Analysis, By Region
Based on region, the market automotive steel market is divided into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. The Asia Pacific ranks highest and will remain dominant throughout the forecast period. Asia Pacific market has evolved into the most prominent automotive industry and, consequently, the largest automotive steel consumer worldwide. Potential prospects are expected attributed to a substantial gain in manufacturing activity, personal income level, consumer expenditure, combined with favorable urbanization and regulation. The region will witness the fastest growth and will remain the dominant due to its vast consumer base. Overall, some healthy growth rates are seen in China, Japan, India, and South Korea. The automotive steel will continue to swell with trends in performance, safety, comfort, convenience, and entertainment. 
 
Market Segmentation covered in the Report:
By Type
  • Low-strength Steel
  • Conventional HSS
  • AHSS
  • Others
 
By Vehicle
  • Light Commercial Vehicle
  • Heavy Commercial Vehicle
  • Passenger Vehicle
 
By Application
  • Body Structure
  • Drive train
  • Suspension
  • Others
 
By Region
  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East and Africa
 
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1 . PREFACE
       1.1. Report Description
           1.1.1. Objective
           1.1.2. Target Audience
           1.1.3. Unique Selling Proposition (USP) & offerings
       1.2. Research Scope
       1.3. Research Methodology
           1.3.1. Market Research Process
           1.3.2. Market Research Methodology
 
2 . EXECUTIVE SUMMARY
       2.1. Highlights of Market
       2.2. Global Market Snapshot
 
3 . AUTOMOTIVE STEEL – INDUSTRY ANALYSIS
       3.1. Introduction - Market Dynamics
       3.2. Market Drivers
       3.3. Market Restraints
       3.4. Opportunities
       3.5. Industry Trends
       3.6. Porter’s Five Force Analysis
       3.7. Market Attractiveness Analysis
           3.7.1 By Type
           3.7.2 By Vehicle
           3.7.3 By Application
           3.7.4 By Region
 
4 . VALUE CHAIN ANALYSIS
       4.1. Value Chain Analysis
       4.2. Raw Material Analysis
           4.2.1. List of Raw Materials
           4.2.2. Raw Material Manufactures List
           4.2.3. Price Trend of Key Raw Materials
       4.3. List of Potential Buyers
       4.4. Marketing Channel
           4.4.1. Direct Marketing
           4.4.2. Indirect Marketing
           4.4.3. Marketing Channel Development Trend
 
5 . IMPACT ANALYSIS OF COVID-19 OUTBREAK
       5.1. Impact Analysis of Covid-19 Outbreak
           5.1.1. Direct Impact on Production
           5.1.2. Supply Chain and Market Disruption
           5.1.3. Financial Impact on Firms and Financial Markets
       5.2. COVID-19 Impact Analysis by Production, Import, Export and Demand
       5.3. Market: Pre V/S Post COVID-19
       5.4. Estimated Impact of the Coronavirus (COVID-19) Epidemic
       5.5. COVID-19: Micro and Macro Factor Analysis
 
6 . GLOBAL AUTOMOTIVE STEEL MARKET ANALYSIS BY TYPE
       6.1 Overview by Type
       6.2 Historical and Forecast Data
       6.3 Analysis by Type
       6.4 Low-strength Steel Market by Regions
       6.5 Conventional HSS Market by Regions
       6.6 AHSS Market by Regions
       6.7 Others Market by Regions
 
7 . GLOBAL AUTOMOTIVE STEEL MARKET ANALYSIS BY VEHICLE
       7.1 Overview by Vehicle
       7.2 Historical and Forecast Data
       7.3 Analysis by Vehicle
       7.4 Light Commercial Vehicle Market by Regions
       7.5 Heavy Commercial Vehicle Market by Regions
       7.6 Passenger Vehicle Market by Regions
 
8 . GLOBAL AUTOMOTIVE STEEL MARKET ANALYSIS BY APPLICATION
       8.1 Overview by Application
       8.2 Historical and Forecast Data
       8.3 Analysis by Application
       8.4 Body Structure Market by Regions
       8.5 Drive train Market by Regions
       8.6 Suspension Market by Regions
       8.7 Others Market by Regions
 
9 . GLOBAL AUTOMOTIVE STEEL MARKET ANALYSIS BY GEOGRAPHY
       9.1. Regional Outlook
       9.2. Introduction
       9.3. North America
           9.3.1. Overview, Historic and Forecast Data
           9.3.2. North America By Segment
           9.3.3. North America By Country
           9.3.4. United State
           9.3.5. Canada
           9.3.6. Mexico
       9.4. Europe
           9.4.1. Overview, Historic and Forecast Data
           9.4.2. Europe by Segment
           9.4.3. Europe by Country
           9.4.4. United Kingdom
           9.4.5. France
           9.4.6. Germany
           9.4.7. Italy
           9.4.8. Russia
           9.4.9. Rest Of Europe
       9.5. Asia Pacific
           9.5.1. Overview, Historic and Forecast Data
           9.5.2. Asia Pacific by Segment
           9.5.3. Asia Pacific by Country
           9.5.4. China
           9.5.5. India
           9.5.6. Japan
           9.5.7. South Korea
           9.5.8. Australia
           9.5.9. Rest Of Asia Pacific
       9.6. Latin America
           9.6.1. Overview, Historic and Forecast Data
           9.6.2. Latin America by Segment
           9.6.3. Latin America by Country
           9.6.4. Brazil
           9.6.5. Argentina
           9.6.6. Peru
           9.6.7. Chile
           9.6.8. Rest of Latin America
       9.7. Middle East & Africa
           9.7.1. Overview, Historic and Forecast Data
           9.7.2. Middle East & Africa by Segment
           9.7.3. Middle East & Africa by Country
           9.7.4. Saudi Arabia
           9.7.5. UAE
           9.7.6. Israel
           9.7.7. South Africa
           9.7.8. Rest Of Middle East And Africa
 
10 . COMPETITIVE LANDSCAPE OF THE AUTOMOTIVE STEEL COMPANIES
       10.1. Automotive Steel Market Competition
       10.2. Partnership/Collaboration/Agreement
       10.3. Merger And Acquisitions
       10.4. New Product Launch
       10.5. Other Developments
 
11 . COMPANY PROFILES OF AUTOMOTIVE STEEL INDUSTRY
       11.1. Company Share Analysis
       11.2. Market Concentration Rate
       11.3. ArcelorMittal
           11.3.1. Company Overview
           11.3.2. Financials
           11.3.3. Products
           11.3.4. Recent Developments
       11.4. ThyssenKrupp
           11.4.1. Company Overview
           11.4.2. Financials
           11.4.3. Products
           11.4.4. Recent Developments
       11.5. Nippon Steel
           11.5.1. Company Overview
           11.5.2. Financials
           11.5.3. Products
           11.5.4. Recent Developments
       11.6. POSCO
           11.6.1. Company Overview
           11.6.2. Financials
           11.6.3. Products
           11.6.4. Recent Developments
       11.7. Baosteel
           11.7.1. Company Overview
           11.7.2. Financials
           11.7.3. Products
           11.7.4. Recent Developments
       11.8. HYUNDAI Steel
           11.8.1. Company Overview
           11.8.2. Financials
           11.8.3. Products
           11.8.4. Recent Developments
       11.9. JFE
           11.9.1. Company Overview
           11.9.2. Financials
           11.9.3. Products
           11.9.4. Recent Developments
       11.10. Tatasteel
           11.10.1. Company Overview
           11.10.2. Financials
           11.10.3. Products
           11.10.4. Recent Developments
       11.11. HBIS
           11.11.1. Company Overview
           11.11.2. Financials
           11.11.3. Products
           11.11.4. Recent Developments
       11.12. United States Stee
           11.12.1. Company Overview
           11.12.2. Financials
           11.12.3. Products
           11.12.4. Recent Developments
       11.13. Nucor
           11.13.1. Company Overview
           11.13.2. Financials
           11.13.3. Products
           11.13.4. Recent Developments
 
 *Note - in company profiling, financial details and recent development are subject to availability or might not be covered in case of private companies
 LIST OF TABLES
 

  •  Market Snapshot
  •  Drivers : Impact Analysis
  •  Restraints : Impact Analysis
  •  List of Raw Material
  •  List of Raw Material Manufactures
  •  List of Potential Buyers
  •  COVID-19 Impact Analysis by Production, Import, Export and Demand
  •  Pre V/S Post COVID-19
  •  Estimated Impact Of The Coronavirus (Covid-19) Epidemic
  •  COVID-19: Micro and Macro Factor Analysis
  •  Analysis by Type (USD MN)
  •  Low-strength Steel Market by Geography (USD MN)
  •  Conventional HSS Market by Geography (USD MN)
  •  AHSS Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Analysis Market by Vehicle (USD MN)
  •  Light Commercial Vehicle Market by Geography (USD MN)
  •  Heavy Commercial Vehicle Market by Geography (USD MN)
  •  Passenger Vehicle Market by Geography (USD MN)
  •  Analysis by Application (USD MN)
  •  Body Structure Market by Geography (USD MN)
  •  Drive train Market by Geography (USD MN)
  •  Suspension Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Automotive Steel Market by Geography (USD MN)
  •  North America Market Analysis (USD MN)
  •  United State Market Analysis (USD MN)
  •  Canada Market Analysis (USD MN)
  •  Mexico Market Analysis (USD MN)
  •  Europe Market Analysis (USD MN)
  •  Europe Market Estimate by Country (USD MN)
  •  United Kingdom Market Analysis (USD MN)
  •  France Market Analysis (USD MN)
  •  Germany Market Analysis (USD MN)
  •  Italy Market Analysis (USD MN)
  •  Russia Market Analysis (USD MN)
  •  Spain Market Analysis (USD MN)
  •  Rest of Europe Market Analysis (USD MN)
  •  Asia Pacific Market Analysis (USD MN)
  •  China Market Analysis (USD MN)
  •  Japan Market Analysis (USD MN)
  •  India Market Analysis (USD MN)
  •  South Korea Market Analysis (USD MN)
  •  Australia Market Analysis (USD MN)
  •  Rest of Asia Pacific Market Analysis (USD MN)
  •  Latin America Market Analysis (USD MN)
  •  Brazil Market Analysis (USD MN)
  •  Argentina Market Analysis (USD MN)
  •  Peru Market Analysis (USD MN)
  •  Chile Market Analysis (USD MN)
  •  Rest of Latin America Market Analysis (USD MN)
  •  Middle East & Africa Market Analysis (USD MN)
  •  Saudi Arabia Market Analysis (USD MN)
  •  UAE Market Analysis (USD MN)
  •  Israel Market Analysis (USD MN)
  •  South Africa Market Analysis (USD MN)
  •  Rest of Middle East and Africa Market Analysis (USD MN)
  •  Partnership/Collaboration/Agreement
  •  Mergers And Acquisiton
 
 LIST OF FIGURES
 
  •  Research Scope of Automotive Steel Report
  •  Market Research Process
  •  Market Research Methodology
  •  Global Automotive Steel Market Size, by Region (USD MN)
  •  Porters Five Forces Analysis
  •  Market Attractiveness Analysis by Type
  •  Market Attractiveness Analysis by Vehicle
  •  Market Attractiveness Analysis by Application
  •  Market Attractiveness Analysis by Region
  •  Value Chain Analysis
  •  Global Market Analysis by Type (USD MN)
  •  Low-strength Steel Market by Geography (USD MN)
  •  Conventional HSS Market by Geography (USD MN)
  •  AHSS Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Market Analysis by Vehicle (USD MN)
  •  Light Commercial Vehicle Market by Geography (USD MN)
  •  Heavy Commercial Vehicle Market by Geography (USD MN)
  •  Passenger Vehicle Market by Geography (USD MN)
  •  Global Market Analysis by Application (USD MN)
  •  Body Structure Market by Geography (USD MN)
  •  Drive train Market by Geography (USD MN)
  •  Suspension Market by Geography (USD MN)
  •  Others Market by Geography (USD MN)
  •  Global Market by Revenue
  •  North America Market by Revenue
  •  Europe Market by Revenue
  •  Asia Pacific Market by Revenue
  •  Latin America Market by Revenue
  •  Middle East & Africa Market by Revenue
  •  Recent Development in Industry
  •  Company Market Share Analysis
 
 * Kindly note that the above listed are the basic tables and figures of the report and are not limited to the TOC.

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