Automotive AHSS Market: Global Size, Share, Growth Factors, Competitive Analysis With Forecast To 2023

Automotive AHSS Market 2018: Global Industry Analysis To 2023 research provides comprehensive information on Global Automotive AHSS Market, 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 - Forecast 2016-2023. Worldwide Automotive AHSS Market is to grow at moderate CAGR during Forecast Period.

Automotive AHSS Market Highlights:

Asia Pacific is dominating the Automotive AHSS market due to major sales in automotive.  Development of automotive manufacturing industries in developing economies such as China and India are driving the market for automotive AHSS. Factors such as availability of low-cost manual and innovation in engineering, focus on fuel efficiency and sustainability, and the rising vehicle production levels, drive the market of Automotive AHSS. The region being a globally competitive automotive manufacturing hub, also pushes the market of Automotive AHSS.

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Key Companies analyzed are AK Steel Holding Corporation (U.S.), ArcelorMittal S.A. (Luxembourg),  China Baowu Steel Group Corp., Ltd. (China), Kobe Steel Ltd.( Japan), POSCO (South Korea), SSAB AB (Sweden), Tata Steel Limited(India), ThyssenKrupp AG(Germany) and United Steel Corporation (India).

Europe holds the largest market share in automotive AHSS market, followed by Asia Pacific due to factors such as strict emission norms laid down by the government and improvement in the economic conditions and increasing investment by the industry players in the region.

Focus on light weighting in automobiles is well underway, and will continue in the future. With the objective to reduce fuel emissions and to meet greenhouse gas requirements, automobile manufacturers need to significantly reduce the weight of vehicles. The recent efforts to build lightweight cars from aluminum and carbon-fiber composites, acts as a major restraint for the growth of Advanced High Strength Steels (AHSS) market. Automotive AHSS Market is expected to reach at market size of ~ USD 23.45 billion by the end of forecast period with CAGR of ~9.8% between 2017 and 2023.

Global automotive AHSS market has broadly been segmented on the basis of product type, vehicle type, application and geography. By product type, Dual-phase steel is the most widely used product of AHSS by the automotive industry. On the basis of vehicle type, Passenger cars are expected to witness highest revenue in the forecast period. On the basis of application, it has been segmented as body & closures, suspensions, bumper and others.

There has been increase in the safety regulations and fuel economy regulation, and need for improved material have also increased. Steel industry focuses on these needs through development of new and advanced high strength steel grades, whose unique metallurgical property and manufacturability help meet stringent requirements. Steel offers the highest strength level than other metals, and also gives advantageous product application. AHSS is used in a number of applications, shows improved vehicle performance in fuel efficiency, affordability and durability. Depending upon position and application AHSS serves different functions. Many companies focusing on high-quality products and on the changing lifestyle of consumers, enhance the growth of the AHSS market for automotive. Low cost and growing consumer awareness about cost effective nature and more energy efficient vehicles, are driving automotive AHSS market. Moreover, strong global presence and innovations, drive the market in Asia Pacific. Growing urbanization, and developing infrastructure also add to the market growth.

The choice of a material for an automotive application depends on the function, environment, and requirements of the part being produced. On the basis of product type of automotive AHSS includes dual phase steel, martensitic steel, boron steel and others. Dual-phase steels (DP steels) consist of ferrite, and a dispersed hard martensitic second phase in the form of islands. Usually they are low-carbon low-alloy materials. They combine high strength and good formability at low production costs, and they are widely used in automotive applications

Major Table Of Content:

1 Executive Summary

2 Scope Of The Report

2.1 Market Definition

2.2 Scope Of The Study

2.2.1 Definition

2.2.2 Research Objective

2.2.3 Assumptions

2.2.4 Limitations

2.3 Research Process

2.3.1 Primary Research

2.3.2 Secondary Research

2.4 Market Size Estimatio

2.5 Forecast Model

3 Market Landscape

3.1 Porter’s Five Forces Analysis

3.1.1 Threat Of New Entrants

3.1.2 Bargaining Power Of Buyers

3.1.3 Bargaining Power Of Suppliers

3.1.4 Threat Of Substitutes

3.1.5 Segment Rivalry

3.2 Value Chain/Supply Chain Analysis

4 Market Dynamics

4.1 Introduction

4.2 Market Drivers

4.3 Market Restraints

4.4 Market Opportunities

4.5 Market Trends

Continued…

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