Automotive Steel Market to reach USD 53.22 Bn by 2029, emerging at a CAGR of 13.6 percent and forecast 2023-2029

Automotive Steel Market Report Scope:

Delve into the world of automotive steel with our comprehensive report, uncovering the diverse types of steel used in vehicles, its applications in engine and vehicle parts, and its pivotal role in the industry's evolution towards lightweight materials.

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Automotive Steel Market Research Methodology:

This report combines exhaustive primary and secondary data sources to provide a holistic view of the automotive steel market. Explore market segmentation, technological advancements, competitive dynamics, and the impact of government policies, offering valuable insights for stakeholders.

What are Automotive Steel Market Dynamics:

The pursuit of lighter materials remains at the forefront of the automotive industry's goals. Innovations in materials, forming technologies, and manufacturing processes are gaining significance. Reducing vehicle weight remains the most effective strategy to enhance fuel efficiency and reduce greenhouse gas emissions.

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Automotive Steel Market Regional Insights:

In 2022, the Asia Pacific region emerged as the market leader, contributing to 65% of the global market. Factors such as China's robust recovery and infrastructure spending have bolstered steel consumption in the region. However, India, Japan, Korea, and the ASEAN-5 region experienced varying degrees of decline in steel consumption due to factors like lockdowns and economic challenges.

What is Automotive Steel Market Segmentation:

by Vehicle Type

Passenger Vehicles
Light Commercial Vehicles
Heavy Commercial Vehicles
by Application

Body structure
Power train
Suspension
Others
by Product

Transformation induced plasticity (TRIP) steel
Dual phase steel
Complex phase (CP)
Others

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Who are Automotive Steel Market Key Players:

1. JSW Steel (India)
2. Steel Authority of India Limited (India)
3. Tata steel (India)
4. Nippon Steel Corporation (Japan)
5. JFE Holdings, Inc. (Japan)
6. POSCO (South Korea)
7. Hyundai Steel Co., Ltd (South Korea)
8. China Baowu Steel Group Corp., Ltd. (China)
9. Ansteel Group Corporation Limited (China)
10. Hesteel Group (China)
11. Jiangsu Shagang Group (China)
12. Jianlong Steel (China)
13. Hunan Valin Steel (China)
14. Fangda Steel (China)
15. Tsingshan Holding (China)
16. CITIC Group (Hong Kong)
17. Novolipetsk Steel (Russia)
18. ArcelorMittal S.A. (Luxembourg)
19. ThyssenKrupp AG (Germany)
20. United States Steel Corporation (US)
21. Nucor Corporation (US)
22. Steel Dynamics, Inc. (US)
23. Techint Group (Argentina)

Table of content for the Automotive Steel Market includes:

Automotive Steel Market: Research Methodology
Automotive Steel Market: Executive Summary
Market Overview and Definitions
Introduction to the Global Market
Summary
Key Findings
Recommendations for Investors
Recommendations for Market Leaders
Recommendations for New Market Entry

3. Automotive Steel Market: Competitive Analysis

MMR Competition Matrix
Market Structure by region
Competitive Benchmarking of Key Players
Consolidation in the Market
MandA by region
Key Developments by Companies
Market Drivers
Market Restraints
Market Opportunities
Market Challenges
Market Dynamics
PORTERS Five Forces Analysis
PESTLE
Regulatory Landscape by region
North America
Europe
Asia Pacific
Middle East and Africa
South America
COVID-19 Impact

4.Company Profile: Key players

Company Overview
Financial Overview
Global Presence
Capacity Portfolio
Business Strategy
Recent Developments

Key Offerings:

Past Market Size and Competitive Landscape (2022 to 2029)
Past Pricing and price curve by region (2022 to 2029)
Market Size, Share, Size and Forecast by different segment | 2022-2029
Market Dynamics - Growth Drivers, Restraints, Opportunities, and Key Trends by region
Market Segmentation - A detailed analysis by growth and trend
Competitive Landscape - Profiles of selected key players by region from a strategic perspective
Competitive landscape - Market Leaders, Market Followers, Regional player
Competitive benchmarking of key players by region
PESTLE Analysis
PORTER's analysis
Value chain and supply chain analysis
Legal Aspects of business by region
Lucrative business opportunities with SWOT analysis
Recommendations

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