(MENAFN- Ameliorate Digital Consultancy)
The advanced high strength steel (AHSS) market will be worth US$ 20.3 billion in 2022 and will grow quickly to US$ 44.2 billion by 2032 at a CAGR of 7.9%.
At the end of 2021, sales of advanced high strength steel (AHSS) were less than 2% of the global steel market. Because of its strength, adaptability, recyclability, and great corrosion resistance, AHSS is utilised in oil rigs, bridges, civil engineering, and construction machinery.
Download Sample Copy of This Report:
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Automotive Advanced High Strength Steel market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Automotive Advanced High Strength Steel
This newly published and insightful report sheds light on Market Insights of Automotive Advanced High Strength Steel, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Automotive Advanced High Strength Steel Market. The study offers a comprehensive analysis on diverse features including production capacities, demand, product developments, revenue generation and sales in advanced high strength steel (AHSS) market across the globe.
A comprehensive estimate on advanced high strength steel (AHSS) market has been provided through an optimistic scenario as well as a conservative scenario, taking into account the sales of advanced high strength steel (AHSS) during the forecast period. Price point comparison by region with global average price is also considered in the study.
Analysis on Market Size Evaluation
Advanced high strength steel (AHSS) market has been analyzed for each market segment, in terms of volume (Kilo tons) and value (US $ Mn).
Market estimates at global and regional levels for advanced high strength steel (AHSS) is available in terms of“US$ Mn” for value and in“Kilo tons” for volume. A Y-o-Y growth contrast on prominent advanced high strength steel (AHSS) market segments, along with the market attractiveness evaluation has been incorporated in the report.
-Furthermore, the absolute dollar opportunity analysis of all the segments adds prominence to the report. Absolute dollar opportunity plays a crucial role in assessing the level of opportunity that a manufacturer/distributor can look to achieve along with identifying potential resources, considering sales and distribution perspective in the global advanced high strength steel (AHSS) market.
In-depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of advanced high strength steel (AHSS) along with their detailed profiles. Essential and up-to-date data information related to the market performers, who are principally engaged in the production of the advanced high strength steel (AHSS), has been brought with the help of a detailed dashboard view.
Market share analysis and comparison of prominent players provided in the report permit the report readers to take preemptive steps in advancing their businesses.
Market players are focusing on product innovation, with '3rd Generation' being the buzzword. Forward integration with leading automotive players remains a key differentiating strategy.
An inorganic strategy such as acquiring an AHSS firm that is preferable over the expansion of the firm is majorly followed by market players. Collaborations among key market players and automotive players remain a major point.
In July 2022, ArcelorMittal acquired 80% of voestalpine's HBI plant in Texas to increase its capacity and produce high-quality input resources that are required for low-carbon emissions steel making. In January 2022 SSAB announced its plan to invest US$ 4.1 billion in a new Nordic production system to broaden the offering of its premium products, AHSS, and Q&T.
Get Customization on this Report for Specific Research Solutions:
Market Titans
AK Steel Holding Corp ArcelorMittal SA. Baker Hughes Company Baoshan Iron & Steel Co., Ltd Big River Steel Nucor Corp POSCO SSAB AB Steel Technologies LLC Tata Steel Ltd ThyssenKrupp AG United States Steel Corporation
Advanced High Strength Steel (AHSS) Market Segmentation
Fact.MR has studied the advanced high strength steel (AHSS) market with detailed segmentation on the basis of type, vehicle type, tensile strength, application, and key regions.
By Type:
Dual-phase (DP) Martensitic (MS) Transformation-induced plasticity (TRIP) Twinning-induced plasticity (TWIP) Others
By Vehicle Type:
By Tensile Strength:
Up to 600 MPa 600-900 MPa 900-1200 MPa 1200-1500 MPa Above 1500 MPa
By Application:
Structural details Car Seats Bumpers Chasis, wheels & power train Side impact beams Others
By Region:
North America Latin America Europe East Asia South Asia & Oceania Middle East & Africa
“This taxonomy and the detailed table of contents prepared are confidential and intended exclusively for the individual or entity with whom it is being shared. Reading, disseminating, distributing, or copying this to any party other than the addressee(s) is unauthorized and prohibited.”
Control on Volatility and High Cost of Raw Materials: A Key to Success within AHSS Market
Global advanced high strength steel market is moderately consolidated in nature, with leading players in the market having monopoly. Prominent companies operating in the global advanced high strength steel (AHSS) market, include ThyssenKrupp AG, Nucor Corp, ArcelorMittal SA., AK Steel Holding Corp, Baoshan Iron & Steel Co., Ltd and SSAB AB. Buoyancy of the leading players can be attributed to their global presence and R&D activities.
Supplier-specific input cost is expected to increase in coming years, which is expected to become a prominent challenge for manufacturers to control the volatility and high prices of raw materials. Furthermore, key stakeholders have entered into strategic collaborations with leading auto makers to achieve higher sales and long-term customer retention. Furthermore, manufacturers have also targeted capacity expansion organically or through acquisitions in order to meet scattering global demand.
In May 2019, US Steel Corporation planned to invest US$ 1 Bn to construct new casting and rolling facilities in its Pennsylvania operations. This project will produce sustainable AHSS which will improve environmental performance. In 2018, ArcelorMittal signed a definitive agreement to acquire Votorantim S.A. from Brazil. Post this acquisition, the company's annual steel production capacity increased by 5.6 million tons and cold rolling steel product's capacity raised by 5.4 million tons.
Get Full Access of Complete Report:
Contact:
US Sales Office :
11140 Rockville Pike
Suite 400
Rockville, MD 20852
United States
Tel: +1 (628) 251-1583
E-Mail: