Steel’s impact in the vehicle industry has not diminished. It is a practical, cost-effective, and long-lasting option since it can be machined and made in a variety of shapes using various ways. Steel types used in the automobile industry include stainless steel, high-strength steel, high-carbon steel, low-carbon steel, and galvanised steel. These steel types are used to create a wide range of engine and vehicle parts. Wheel rims, exhaust pipes, bushings, bearings, exhaust systems, radiators, automotive frames, and many more items are examples. Throughout the history of the industry, steel has established itself as one of the most dependable materials available.
Automotive Steel Market Overview:
In our comprehensive analysis of the Automotive Steel Market spanning multiple industries, our dedicated research team conducted an extensive and thorough investigation. To reinforce existing data, segment the market, determine its overall size, and project its growth rate, we conducted meticulous secondary research.
This comprehensive study aims to uncover the key drivers propelling the growth of the global Automotive Steel Market, shedding light on its diverse user base. We painstakingly sourced data from market participants, various regions, and specific industry requirements. This research proposal, tailored for the market, offers an intricate overview of the significant developments currently shaping every aspect of the market. Key data analyses will be presented in various formats, including statistics, infographics, and presentations.
Automotive Steel Market size was valued at US$ 21.79 Bn. in 2022 and the total revenue is expected to grow at 13.6% of CAGR through 2023 to 2029, reaching nearly US$ 53.22 Bn.
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Automotive Steel Market Scope:
In our in-depth analysis of the Automotive Steel Market across multiple industries, our dedicated research team conducted an exhaustive and comprehensive investigation. To fortify existing data, segment the market, determine its overall size, and project its growth rate, we conducted thorough secondary research.
This all-encompassing study is designed to unveil the driving forces behind the global Automotive Steel Market’s expansion, illuminating its diverse user base. We meticulously sourced data from market participants, various regions, and specific industry requirements. This meticulously crafted research proposal provides a detailed overview of the significant developments currently influencing every facet of the market. Key data analyses will be presented in a variety of formats, including statistics, infographics, and presentations.
Automotive Steel Market Regional Insights:
The Automotive Steel Market study undertakes a thorough examination at the country level, with a specific focus on segments identified as having substantial growth potential, countries commanding the largest market share, and nations demonstrating significant development prospects. This geographical breakdown in our study encompasses North America (including the USA and Canada), South America, Asia Pacific (encompassing China, Japan, India, and Korea), Europe (covering Germany, UK, France, and Italy), as well as other regions.
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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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)
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Key questions answered in Automotive Steel Market are:
- What is the Automotive Steel market size of the dominating region?
- What was the Automotive Steel market size in 2022?
- What is the expected Automotive Steel market size by 2029?
- What is the growth rate of the Automotive Steel Market?
- Which are the factors expected to drive the Automotive Steel market growth?
Key Offerings:
- Past Market Size and Competitive Landscape (2018 to 2021)
- Past Pricing and price curve by region (2018 to 2021)
- Market Size, Share, Size & Forecast by different segment | 2022−2029
- Market Dynamics – Growth Drivers, Restraints, Opportunities, and Key Trends by region
- Market Segmentation – A detailed analysis by segment with their sub-segments and Region
- 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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