Automotive AHSS Market

Automotive AHSS Market by Application Types (Bumpers, Structural Assembly & Closures, Suspension, and Others), Vehicle Types (Commercial Vehicles and Passenger Vehicles), and Regions (Asia Pacific, North America, Latin America, Europe, and Middle East & Africa) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2021 – 2028

  • Report ID: AL-3156
  • Author: Growth Market Reports
  • Rating: 4.7
  • Total Reviews: 2
  • No. Of Pages: 188
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The global automotive AHSS market size is expected to register a significant CAGR during the forecast period, 2021–2028. The growth of the market is attributed to the growing demand for high strength and efficient materials from automakers.

Automotive AHSS Market Key Takeaways

Advanced high strength steel (AHSS) is an exceptional type of steel, which has a wide application in the automotive industry due to its high tensile strength and microstructures. It is a next-generation steel that is generally used in cars and different industries such as construction. In the auto business, the reception of AHSS permits automakers and specialists to guarantee total wellbeing, productivity, manufacturability, toughness, and nature of vehicles. AHSS has multiphase microstructure containing at least one stages other than ferrite, pearlite, or cementite. For instance, martensite, bainite, or austenite deliver exceptional mechanical properties.

The outbreak of COVID-19 pandemic has reduced down manufacturing activities and trade in 2020. Industries have shut down their manufacturing units and terminated supply of raw materials to manufacture AHSS. However, the relaxation in restrictions is estimated to positively influence the market growth.

Market Trends, Drivers, Restraints, and Opportunities

  • Increase in vehicle production and rise in demand for lightweight automotive components are some of the major factor estimated to propel the market growth.
  • Increasing consumption of high strength steels in the automotive and construction industries is anticipated to spur the growth of the market.
  • High production costs of high strength steels due to increased prices of raw materials can hamper the growth of the market.
  • Advancements in the grades of advanced high strength steels and ultra-high strength steels can create challenges for the market growth.
  • Increased investments and required support from governments of different countries can create lucrative opportunities for the growth of the market.

Scope of the Report

The report on the global automotive AHSS market includes an assessment of the market, trends, segments, and regional markets. Overview and dynamics have also been included in the report.

Attributes

Details

Report Title

Automotive AHSS Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast

Base Year

2020

Historic Data

2018–2019

Forecast Period

2021–2028

Segmentation

Types (Bumpers, Structural Assembly & Closures, Suspension, and Others) and Vehicle Types (Commercial Vehicles and Passenger Vehicles)

Regional Scope

Asia Pacific, North America, Latin America, Europe, and Middle East & Africa

Report Coverage

Company Share, Market Analysis and Size, Competitive Landscape, Growth Factors, and Trends, and Revenue Forecast

Key Players Covered in the Report

ArcelorMittal SA; SSAB AB; Tata Steel; AK Steel Holding Corporation; and ThyssenKrupp AG

Automotive AHSS Market Segment Insights

Structural assembly & closures segment is anticipated to constitute a key market share

In terms of types, the market is divided into bumpers, structural assembly & closures, suspension, and others. The structural assembly & closures segment is expected to constitute a key share of the market during the forecast period due to acceptance of advanced high strength steel helps in the decrease of harmful outflows from vehicles by diminishing the weight, prompting less fuel utilization. Using automotive AHSS permits engineers and automakers to guarantee whole efficiency, safety, durability, manufacturability, and quality of vehicles.

Commercial vehicles segment is projected to account for a significant market share

Based on vehicle types, the automotive AHSS market is bifurcated into commercial vehicles and passenger vehicles. . The commercial vehicles segment is estimated to grow at a rapid pace due to rising substitution of cast iron and conventional steel parts, as AHSS directly decreasing chassis weight by almost 50% that reduces fuel consumption. Subsequently, the expanded acceptance of lightweight auto parts supplements the development of auto progressed high strength steel.

Europe is expected to dominate the market

On the basis of regions, the market is segregated into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Europe is expected to dominate the market in the coming years due to existence of major automobile manufacturers and original equipment manufacturer in the region. On the other hand, the market in Asia Pacific is estimated to exhibit a high CAGR during the forecast period.

Automotive AHSS Market By Regions

Segments

Segments Covered in the Report
The global automotive AHSS market has been segmented on the basis of:

Types
  • Bumpers
  • Structural Assembly & Closure
  • Suspension
  • Others
Vehicle Types
  • Commercial Vehicles
  • Passenger Vehicles
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key players
  • ArcelorMittal SA
  • SSAB AB
  • Tata Steel
  • AK Steel Holding Corporation
  • ThyssenKrupp AG.

Competitive Landscape

The market is very competitive in nature owing to the presence of many major players. Some of the major players competing in the global automotive AHSS market are ArcelorMittal SA; SSAB AB; Tata Steel; AK Steel Holding Corporation; and ThyssenKrupp AG.

Automotive AHSS Market By Key Players

1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Automotive AHSS Market Overview
  4.1. Introduction
     4.1.1. Market Taxonomy
     4.1.2. Market Definition
  4.2. Macro-Economic Factors
     4.2.1. Industry Outlook
  4.3. Automotive AHSS Market Dynamics
     4.3.1. Market Drivers
     4.3.2. Market Restraints
     4.3.3. Opportunity
     4.3.4. Market Trends
  4.4. Automotive AHSS Market - Supply Chain
  4.5. Global Automotive AHSS Market Forecast
     4.5.1. Automotive AHSS Market Size (US$ Mn) and Y-o-Y Growth
     4.5.2. Automotive AHSS Market Size (000’ Units) and Y-o-Y Growth
     4.5.3. Automotive AHSS Market Absolute $ Opportunity
5. Global Automotive AHSS Market Analysis and Forecast by Types
  5.1. Market Trends
  5.2. Introduction
     5.2.1. Basis Point Share (BPS) Analysis by Types
     5.2.2. Y-o-Y Growth Projections by Types
  5.3. Automotive AHSS Market Size and Volume Forecast by Types
     5.3.1. Bumpers Structural Assembly & Closure Suspension Others
  5.4. Absolute $ Opportunity Assessment by Types
  5.5. Market Attractiveness/Growth Potential Analysis by Types
6. Global Automotive AHSS Market Analysis and Forecast by Region
  6.1. Market Trends
  6.2. Introduction
     6.2.1. Basis Point Share (BPS) Analysis by Region
     6.2.2. Y-o-Y Growth Projections by Region
  6.3. Automotive AHSS Market Size and Volume Forecast by Region
     6.3.1. North America
     6.3.2. Latin America
     6.3.3. Europe
     6.3.4. Asia Pacific
     6.3.5. Middle East and Africa (MEA)
  6.4. Absolute $ Opportunity Assessment by Region
  6.5. Market Attractiveness/Growth Potential Analysis by Region
  6.6. Global Automotive AHSS Demand Share Forecast, 2019-2026
7. North America Automotive AHSS Market Analysis and Forecast
  7.1. Introduction
     7.1.1. Basis Point Share (BPS) Analysis by Country
     7.1.2. Y-o-Y Growth Projections by Country
  7.2. North America Automotive AHSS Market Size and Volume Forecast by Country
     7.2.1. U.S.
     7.2.2. Canada
  7.3. Absolute $ Opportunity Assessment by Country
  7.4. North America Automotive AHSS Market Size and Volume Forecast by Types
     7.4.1. Bumpers Structural Assembly & Closure Suspension Others
  7.5. Basis Point Share (BPS) Analysis by Types
  7.6. Y-o-Y Growth Projections by Types
  7.7. Market Attractiveness/Growth Potential Analysis
     7.7.1. By Country
     7.7.2. By Product Type
     7.7.3. By Application
  7.8. North America Automotive AHSS Demand Share Forecast, 2019-2026
8. Latin America Automotive AHSS Market Analysis and Forecast
  8.1. Introduction
     8.1.1. Basis Point Share (BPS) Analysis by Country
     8.1.2. Y-o-Y Growth Projections by Country
     8.1.3. Latin America Average Pricing Analysis
  8.2. Latin America Automotive AHSS Market Size and Volume Forecast by Country
      8.2.1. Brazil
      8.2.2. Mexico
      8.2.3. Rest of Latin America
   8.3. Absolute $ Opportunity Assessment by Country
  8.4. Latin America Automotive AHSS Market Size and Volume Forecast by Types
     8.4.1. Bumpers Structural Assembly & Closure Suspension Others
  8.5. Basis Point Share (BPS) Analysis by Types
  8.6. Y-o-Y Growth Projections by Types
  8.7. Market Attractiveness/Growth Potential Analysis
     8.7.1. By Country
     8.7.2. By Product Type
     8.7.3. By Application
  8.8. Latin America Automotive AHSS Demand Share Forecast, 2019-2026
9. Europe Automotive AHSS Market Analysis and Forecast
  9.1. Introduction
     9.1.1. Basis Point Share (BPS) Analysis by Country
     9.1.2. Y-o-Y Growth Projections by Country
     9.1.3. Europe Average Pricing Analysis
  9.2. Europe Automotive AHSS Market Size and Volume Forecast by Country
     9.2.1. Germany
     9.2.2. France
     9.2.3. Italy
     9.2.4. U.K.
     9.2.5. Spain
     9.2.6. Russia
     9.2.7. Rest of Europe
  9.3. Absolute $ Opportunity Assessment by Country
  9.4. Europe Automotive AHSS Market Size and Volume Forecast by Types
     9.4.1. Bumpers Structural Assembly & Closure Suspension Others
  9.5. Basis Point Share (BPS) Analysis by Types
  9.6. Y-o-Y Growth Projections by Types
  9.7. Market Attractiveness/Growth Potential Analysis
     9.7.1. By Country
     9.7.2. By Product Type
     9.7.3. By Application
  9.8. Europe Automotive AHSS Demand Share Forecast, 2019-2026
10. Asia Pacific Automotive AHSS Market Analysis and Forecast
  10.1. Introduction
     10.1.1. Basis Point Share (BPS) Analysis by Country
     10.1.2. Y-o-Y Growth Projections by Country
     10.1.3. Asia Pacific Average Pricing Analysis
  10.2. Asia Pacific Automotive AHSS Market Size and Volume Forecast by Country
     10.2.1. China
     10.2.2. Japan
     10.2.3. South Korea
     10.2.4. India
     10.2.5. Australia
     10.2.6. Rest of Asia Pacific (APAC)
  10.3. Absolute $ Opportunity Assessment by Country
  10.4. Asia Pacific Automotive AHSS Market Size and Volume Forecast by Types
     10.4.1. Bumpers Structural Assembly & Closure Suspension Others
  10.5. Basis Point Share (BPS) Analysis by Types
  10.6. Y-o-Y Growth Projections by Types
  10.7. Market Attractiveness/Growth Potential Analysis
     10.7.1. By Country
     10.7.2. By Product Type
     10.7.3. By Application
  10.8. Asia Pacific Automotive AHSS Demand Share Forecast, 2019-2026
11. Middle East & Africa Automotive AHSS Market Analysis and Forecast
  11.1. Introduction
     11.1.1. Basis Point Share (BPS) Analysis by Country
     11.1.2. Y-o-Y Growth Projections by Country
     11.1.3. Middle East & Africa Average Pricing Analysis
  11.2. Middle East & Africa Automotive AHSS Market Size and Volume Forecast by Country
     11.2.1. Saudi Arabia
     11.2.2. South Africa
     11.2.3. UAE
     11.2.4. Rest of Middle East & Africa (MEA)
  11.3. Absolute $ Opportunity Assessment by Country
  11.4. Middle East & Africa Automotive AHSS Market Size and Volume Forecast by Types
     11.4.1. Bumpers Structural Assembly & Closure Suspension Others
  11.5. Basis Point Share (BPS) Analysis by Types
  11.6. Y-o-Y Growth Projections by Types
  11.7. Market Attractiveness/Growth Potential Analysis
     11.7.1. By Country
     11.7.2. By Product Type
     11.7.3. By Application
  11.8. Middle East & Africa Automotive AHSS Demand Share Forecast, 2019-2026
12. Competition Landscape
  12.1. Global Automotive AHSS Market: Market Share Analysis
  12.2. Automotive AHSS Distributors and Customers
  12.3. Automotive AHSS Market: Competitive Dashboard
  12.4. Company Profiles (Details: Overview, Financials, Developments, Strategy)
     12.4.1. ArcelorMittal SA SSAB AB Tata Steel AK Steel Holding Corporation ThyssenKrupp AG.
Segments Covered in the Report
The global automotive AHSS market has been segmented on the basis of:

Types
  • Bumpers
  • Structural Assembly & Closure
  • Suspension
  • Others
Vehicle Types
  • Commercial Vehicles
  • Passenger Vehicles
Regions
  • Asia Pacific
  • North America
  • Latin America
  • Europe
  • Middle East & Africa
Key players
  • ArcelorMittal SA
  • SSAB AB
  • Tata Steel
  • AK Steel Holding Corporation
  • ThyssenKrupp AG.

The market is very competitive in nature owing to the presence of many major players. Some of the major players competing in the global automotive AHSS market are ArcelorMittal SA; SSAB AB; Tata Steel; AK Steel Holding Corporation; and ThyssenKrupp AG.

Automotive AHSS Market By Key Players

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