Automotive Advanced High-Strength Steel (AHSS) Market
Detailed Analysis of Current Industry Figures with Forecast to 2030

Automotive Advanced High-Strength Steel
(AHSS) Market Growth Trend & Forecast with latest research study
released by Delvens evaluating the market risk side analysis, highlighting
opportunities, and leveraging strategic and tactical decision-making support.
The report provides information on market trends and development, growth
drivers, technologies, and the changing investment structure of the Global market,
Automotive Advanced High-Strength Steel (AHSS) Market size is 20.52 billion USD and projected
to reach at a CAGR of 9.9% and Forecast to 2030.

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Factors such as the increase in vehicle production and the
rise in demand for lightweight automotive components drive market growth.
Further, factors such as continuous growth in the automotive industry and an
increase in the need to curb CO2 emissions are expected to create numerous
opportunities for the growth and expansion of the market.

On the other hand, factors such as the availability of
substitutes in the market are supposed to hamper its growth.

Asia Pacific to
Dominate the Market

Asia-Pacific region has been contributing significantly
towards the market share due to an extravagant demand for automobiles in
countries of this region.

Factors such as the availability of low-cost labour and
innovation in engineering, focus on fuel efficiency and sustainability, and the
rising vehicle production levels have been responsible for the growth of the
market. This region has been known as the manufacturing hub because of the
large-scale production of automobiles.

Recent Developments

·       
SSAB planned a new Nordic production system to
bring forward the green transition. The investment will result in a broader
offering of SSAB’s premium products, advanced high-strength steel (AHSS), and
quenched and tempered steel (Q&T).

·       
ArcelorMittal introduced a third generation of
advanced high-strength steels (AHSS), specifically developed for OEMs. The
company utilizes cold stamping and forming technologies for the development of
third-generation AHSS.

The prominent players
in Automotive Advanced High-Strength Steel
(AHSS) Market

·       
AK Steel Corporation

·       
ThyssenKrupp AG

·       
ArcelorMittal

·       
Baoshan Iron & Steel Company Limited

·       
Kobe Steel, Ltd

·       
Nucor Corporation

·       
SSAB AB

·       
Tata Steel Limited

·       
United States Steel Corporation

·       
POSCO and More

Automotive Advanced
High-Strength Steel (AHSS) Market is segmented into various segments such as
product, Application, vehicle type, and region:

On the basis of
product

·       
Transformation-induced plasticity (TRIP) steel

·       
Dual-phase steel

·       
Complex phase (CP)

·       
Others                                                    

On the basis of the
application  

·       
Structural Assembly & Closures

·       
Bumpers

·       
Suspension

·       
Others

On the basis of
vehicle type 

·       
Passenger Vehicles

·       
Commercial Vehicles

On the basis of
region

·       
Asia Pacific

·       
North America

·       
Europe

·       
South America

·       
Middle East & Africa

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Frequently Asked
Questions

·       
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Automotive Advanced High-Strength Steel (AHSS) Market?

·       
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of the Automotive Advanced High-Strength Steel (AHSS) Market?

·       
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Automotive Advanced High-Strength Steel (AHSS) Market?

·       
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High-Strength Steel (AHSS) Market?

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