Press release
Automotive Steel Market Outlook with Company Profiles – ArcelorMittal, ThyssenKrupp, Nippon Steel, POSCO, Baosteel, HYUNDAI steel, JFE, Tatasteel, HBIS, United States Steel and More
China region is the largest supplier of Automotive Steel, with a production market share nearly 43% in 2015. Europe is the second largest supplier of Automotive Steel Media, enjoying production market share 16% in 2015.
China also is the largest consumption place, with a consumption market share about 28% in 2015. Following China, Europe is the second largest consumption place.
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Market competition is concentrated. ArcelorMittal, ThyssenKrupp, Nippon Steel, POSCO, Baosteel, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.
The worldwide market for Automotive Steel is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2023, from xx million US$ in 2017, according to a new study.
Market Segment by Manufacturers, this report covers ArcelorMittal, ThyssenKrupp, Nippon Steel, POSCO, Baosteel, HYUNDAI steel, JFE, Tatasteel, HBIS, United States Steel and Nucor.
The global market segment by regions, regional analysis covers North America (United States, Canada and Mexico), Europe (Germany, France, UK, Russia and Italy), Asia-Pacific (China, Japan, Korea, India and Southeast Asia), South America (Brazil, Argentina, Colombia etc.) and Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa).
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The global market segment by type, covers Low-strength Steel, Conventional HSS, AHSS and other. Also, the market segment by applications, can be divided into Commercial Vehicle and Passenger Vehicle.
Related Report:
Global High Strength Steel Market 2018 by Manufacturers, Regions, Type and Application, Forecast to 2023
Asia-Pacific is the largest and fastest-growing region in the global high strength steels market. Rapid industrialization and infrastructure development offer lucrative growth opportunities to players operating in the high strength steels market. The increasing middle class population, which has led to urbanization and rise in the manufacturing sector, drives the demand of high strength steels in this region. The Asia-Pacific high strength steels market is expected to grow at the highest CAGR between 2016 and 2021. Economic growth in countries such as China, India, and Japan are further propelling the growth of the high strength steels market in the Asia-Pacific region.
Some of the key players operating in the global high strength steel market include Arcelor Mittal (Luxembourg), SSAB, POSCO, United States Steel Corporation (U.S.), Voestalpine AG, ThyssenKrupp AG, Baosteel, Ansteel, among others.
Read More: https://www.researchbeam.com/global-high-strength-steel-2018-by-manufacturers-regions-type-and-application-forecast-to-2023-market?utm_source=OPR&utm_medium=CC
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