openPR Logo
Press release

Automotive Stainless Steel Market Anticipated To Witness Robust Growth, Surpassing $162.73 Billion By 2029

05-16-2025 12:46 PM CET | Logistics & Transport

Press release from: The Business Research Company

Automotive Stainless Steel

Automotive Stainless Steel

The Automotive Stainless Steel Market Report by The Business Research Company delivers a detailed market assessment, covering size projections from 2025 to 2034. This report explores crucial market trends, major drivers and market segmentation by [key segment categories].

What Is the Current Automotive Stainless Steel Market Size and Its Estimated Growth Rate?
The market size for stainless steel used in the automotive industry has seen substantial growth in recent years. Its value is expected to increase from $126.51 billion in 2024 to $133.56 billion in 2025, showcasing a compound annual growth rate (CAGR) of 5.6%. Factors that contributed to historical growth include a rise in automotive manufacturing, a focus on lighter weight materials, escalating consumer demand for superior quality, stringent emission norms, and heightened focus on safety.

The market size for automotive stainless steel is predicted to witness substantial growth in the upcoming years, reaching $162.73 billion in 2029 with a compound annual growth rate (CAGR) of 5.1%. This growth during the forecast period could be due to the ongoing trends towards lightweight materials, the expanding electric vehicle (EV) market, emphasis on sustainability, increasing worldwide urbanization, and stainless steel grade advancements. Notable trends for the forecast period comprise of customization and specialized stainless steel alloys, usage in autonomous and connected vehicles, concentration on the infrastructure for EV charging, strategic partnerships and collaborations throughout the supply chain, and implementation in next-generation automotive materials.

Purchase the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/purchaseoptions.aspx?id=13131

How Are Emerging Segments Shaping the Automotive Stainless Steel Market Landscape?
The automotive stainless steel market covered in this report is segmented -

1) By Tube Type: Straight Tubes, U-Bends, Coiled Tubes
2) By Manufacturing Method: Seamless Tubes, Welded Tubes
3) By Vehicle Type: Passenger Cars, Commercial Vehicles
4) By Application: Exhaust Systems, Fuel And Break Lines, Heat Exchangers, Structural Components, Other Applications
5) By End-Use: Original Equipment Manufacturers (OEMs), After market

Subsegments:
1) By Straight Tubes: Standard Straight Tubes, High-Performance Straight Tubes
2) By U-Bends: Standard U-Bends, Custom U-Bends
3) By Coiled Tubes: Tight Radius Coiled Tubes, Large Diameter Coiled Tubes

Get your free sample here:
https://www.thebusinessresearchcompany.com/sample.aspx?id=13131&type=smp

Which Growth Factors Are Influencing Automotive Stainless Steel Market Expansion?
The growth of the automotive stainless steel market is anticipated to be driven by the rising adoption of electric vehicles. An electric vehicle, which operates via an electric motor powered by an externally charged battery, is regarded as a leading wave in the ever-evolving automotive industry. These high-tech and autonomous vehicles demand robust and durable materials like stainless steel, which provides corrosion resistance, strength, and design flexibility. As noted by The Edison Electric Institute (EEI), a US-based representative organization for investor-owned electric companies in June 2022, the number of electric vehicles on U.S. roads is expected to surge from 2.4 million in 2021 to 26.4 million by 2030. Additionally, annual sales of electric vehicles are predicted to hit about 5.6 million in 2030, making up nearly 32% of total annual light-duty vehicle sales. As such, the increased usage of electric vehicles is set to stimulate the growth of the automotive stainless-steel market. Automotive Stainless Steel Market Driver: Growing Passenger Vehicle Demand Catalyses Automotive Stainless-Steel Market Expansion

Who Are the Dominant Players Across Different Automotive Stainless Steel Market Segments?
Major companies operating in the automotive stainless steel market report are ArcelorMittal SA, Pohang Iron and Steel Co. Ltd. (POSCO), Nippon Steel Corporation, Tsinghan Holding Group, Baosteel Group, ThyssenKrupp AG, Nucor Corporation, JFE Steel Corporation, Cleveland Cliffs Inc., Salzgitter AG, Outokumpu Oyj, Sandvik AB, Acerinoc SA, Commercial Metals Company, Jindal Stainless Limited, Sanyo Special Steel Co. Ltd., Yieh Corporation, Aperam SA, British Steel Ltd., Tubacex S.A., Acciai Speciali Terni S.p.A., Centravis, Ta Chen International Inc., Plymouth Tube Company, Venus Wire Industries Pvt. Ltd., Crucible Industries LLC, Handytube Corporation, Bri-Steel Manufacturing. Ltd., The Fischer Group, Stanch Stainless Steel Co. Ltd.

What Automotive Stainless Steel Market Trends Are Gaining Traction Across Different Segments?
Leading businesses in the automotive stainless-steel sector are focusing on the development of novel stainless-steel inventions, such as green stainless steel, in an effort to minimize their environmental carbon contribution and establish a positive reputation in the market. The concept of green stainless steel in automotive applications means that all the raw materials utilized in its production are sourced responsibly, taking into account environmental factors. For example, in September 2022, Outokumpu Oyj, an American stainless-steel manufacturer, introduced Circle Green, a sustainable line of stainless-steel with a carbon footprint 92% smaller than the industry norm and 64% below its standard stainless-steel production. This improvement is possible due to the use of bio-based inputs like biogas, biodiesel, and bio-coke, in addition to electricity drawn from low carbon sources. This new development syncs with the increasing demand for durable, eco-friendly products, pushing towards a more sustainable future. The production took place on a large industrial scale, highlighting a significant move towards achieving the sustainability targets of Outokumpu.

Get the full report for exclusive industry analysis:
https://www.thebusinessresearchcompany.com/report/automotive-stainless-steel-global-market-report

Which Geographic Regions Are Expected to Dominate the Automotive Stainless Steel Market in the Coming Years?
North America was the largest region in the automotive stainless-steel market in 2024. The regions covered in the automotive stainless steel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

Frequently Asked Questions:
1. What Is the Market Size and Growth Rate of the Automotive Stainless Steel Market?
2. What is the CAGR expected in the Automotive Stainless Steel Market?
3. What Are the Key Innovations Transforming the Automotive Stainless Steel Industry?
4. Which Region Is Leading the Automotive Stainless Steel Market?

Why This Report Matters:

Competitive overview: This report analyzes the competitive landscape of the 3D imaging software market, evaluating key players on market share, revenue, and growth factors.

Informed Decisions: Understand key strategies related to products, segmentation, and industry trends.

Efficient Research: Quickly identify market growth, leading players, and major segments.

Connect with us on:
LinkedIn: https://in.linkedin.com/company/the-business-research-company,
Twitter: https://twitter.com/tbrc_info,
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ.

Contact Us
Europe: +44 207 1930 708,
Asia: +91 88972 63534,
Americas: +1 315 623 0293 or
Email: mailto:info@tbrc.info

Learn More About The Business Research Company
With over 15,000+ reports from 27 industries covering 60+ geographies, The Business Research Company has built a reputation for offering comprehensive, data-rich research and insights. Our flagship product, the Global Market Model delivers comprehensive and updated forecasts to support informed decision-making.

This release was published on openPR.

Permanent link to this press release:

Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.

You can edit or delete your press release Automotive Stainless Steel Market Anticipated To Witness Robust Growth, Surpassing $162.73 Billion By 2029 here

News-ID: 4020483 • Views:

More Releases from The Business Research Company

Global Surge In Air Pollution Propels Growth In The Industrial Air Filtration Market: Transformative Forces Shaping the Industrial Air Filtration Market Landscape in 2025
Global Surge In Air Pollution Propels Growth In The Industrial Air Filtration Ma …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Will the Industrial Air Filtration Industry Market Size Be by 2025? Over the past several years, the industrial air filtration market has seen robust growth. Expected to increase from $14.97 billion in 2024 to $15.79 billion in 2025, it will experience a compound annual growth rate (CAGR) of
Steady Expansion Forecast for Heavy Construction Equipment Market, Projected to Reach $278.14 Billion by 2029
Steady Expansion Forecast for Heavy Construction Equipment Market, Projected to …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. Heavy Construction Equipment Market Size Valuation Forecast: What Will the Market Be Worth by 2025? The market size of heavy construction equipment has seen significant expansion in the past few years. The market, which is expected to rise from $204.24 billion in 2024 to $215.46 billion in 2025, will
Form-Fill-Seal Equipment Industry Outlook 2025-2029: Market Set to Cross $23.82 Billion Milestone
Form-Fill-Seal Equipment Industry Outlook 2025-2029: Market Set to Cross $23.82 …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. How Large Will the Form-Fill-Seal Equipment Market Size By 2025? The market for form-fill-seal equipment has experienced gradual expansion in recent times. It's projected to rise from $17.81 billion in 2024 to $18.62 billion in 2025, with a compound annual growth rate (CAGR) of 4.5%. The growth in previous
Top Market Shifts Transforming the Filtration & Drying Equipment Market Landscape: Key Insights
Top Market Shifts Transforming the Filtration & Drying Equipment Market Landscap …
Use code ONLINE30 to get 30% off on global market reports and stay ahead of tariff changes, macro trends, and global economic shifts. What Is the Expected CAGR for the Filtration & Drying Equipment Market Through 2025? Recent years have seen a robust increase in the size of the filtration & drying equipment market. Forecasts show a market rise from $1.94 billion in 2024 to $2.06 billion in 2025, with a Compound

All 5 Releases


More Releases for Steel

Steel Beams Market is Booming Worldwide with Steel Dynamics, JSW Steel, JFE Stee …
HTF MI just released the Global Steel Beams Market Study, a comprehensive analysis of the market that spans more than 143+ pages and describes the product and industry scope as well as the market prognosis and status for 2025-2032. The marketization process is being accelerated by the market study's segmentation by important regions. The market is currently expanding its reach. Major Giants in Steel Beams Market are: ArcelorMittal (Luxembourg), Nippon Steel (Japan),
Special Ball Bearing Steel Market : Eminent Players - Nippon Steel, Suzhou Steel …
Market Description - Los Angeles, (United States) - The information made available in the Special Ball Bearing Steel report will definitely facilitate to increase the knowledge and decision-making skills of the business, thus providing an immense opportunity for growth. This will at last increase the return rate and drive the competitive edge within. Being a custom market report, it provides services tailored to the exact challenge. Whether it is survey work,
Miscellaneous Steel Detailing | Steel Detailer | Steel Detailing Services
We provide the highest quality of finished projects in the industry. Boasting unmatched turnaround times, and superb accuracy. WorldSteel Detailings has onboard team of experienced steel detailers and engineers with a wide range of experience from industrial and commercial projects to high rise buildings. By using innovative technologies and latest softwares, our structural steel detailing team provides accurate services as per your requirements based on country standards.Our steel detailing professionals
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in
What's driving the Structural Steel Market trends? ArcelorMittal, Tata Steel, Ni …
A detailed study on ‘Structural Steel market’ formulated by Market Study Report, LLC, puts together a concise analysis of the growth factors impacting the current business scenario across assorted regions. Significant information pertaining to the industry’s size, share, application, and statistics are also summed in the report in order to present an ensemble prediction. In addition, this report undertakes an accurate competitive analysis illustrating the status of market majors in