Global Automotive Steel Market Growth 2019-2024, the global market size will reach US$ 360 million by 2024

Automotive steels can be classified in several different ways. One is a metallurgical designation providing some process information. Common designations include low-strength steels; conventional HSS; and the new AHSS.
Additional higher strength steels for the automotive market include hot-formed, post-forming heat-treated steels, and steels designed for unique applications that include improved edge stretch and stretch bending.
China region is the largest supplier of Automotive Steel, with a production market share nearly 43% in 2015. Europe is the second largest supplier of Automotive Steel Media, enjoying production market share 16% in 2015.
China also is the largest consumption place, with a consumption market share about 28% in 2015. Following China, Europe is the second largest consumption place.
Market competition is concentrated. ArcelorMittal, ThyssenKrupp, Nippon Steel, POSCO, Baosteel, etc. are the leaders of the industry, and they hold key technologies and patents, with high-end customers; have been formed in the monopoly position in the industry.

According to this study, over the next five years the Automotive Steel market will register a xx% CAGR in terms of revenue, the global market size will reach US$ xx million by 2024, from US$ xx million in 2019. In particular, this report presents the global market share (sales and revenue) of key companies in Automotive Steel business, shared in Chapter 3.

This report presents a comprehensive overview, market shares, and growth opportunities of Automotive Steel market by product type, application, key manufacturers and key regions and countries.

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This study considers the Automotive Steel value and volume generated from the sales of the following segments:

Segmentation by product type: breakdown data from 2014 to 2019, in Section 2.3; and forecast to 2024 in section 11.7.
Low-strength Steel
Conventional HSS
AHSS
Other
Segmentation by application: breakdown data from 2014 to 2019, in Section 2.4; and forecast to 2024 in section 11.8.
Commercial Vehicle
Passenger Vehicle

This report also splits the market by region: Breakdown data in Chapter 4, 5, 6, 7 and 8.
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Spain
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries

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The report also presents the market competition landscape and a corresponding detailed analysis of the major vendor/manufacturers in the market. The key manufacturers covered in this report: Breakdown data in in Chapter 3.
ArcelorMittal
ThyssenKrupp
Nippon Steel
POSCO
Baosteel
HYUNDAI steel
JFE
Tatasteel
HBIS
United States Steel
Nucor

In addition, this report discusses the key drivers influencing market growth, opportunities, the challenges and the risks faced by key manufacturers and the market as a whole. It also analyzes key emerging trends and their impact on present and future development.

Research objectives
To study and analyze the global Automotive Steel consumption (value & volume) by key regions/countries, product type and application, history data from 2014 to 2018, and forecast to 2024.
To understand the structure of Automotive Steel market by identifying its various subsegments.
Focuses on the key global Automotive Steel manufacturers, to define, describe and analyze the sales volume, value, market share, market competition landscape, SWOT analysis and development plans in next few years.
To analyze the Automotive Steel with respect to individual growth trends, future prospects, and their contribution to the total market.
To share detailed information about the key factors influencing the growth of the market (growth potential, opportunities, drivers, industry-specific challenges and risks).
To project the consumption of Automotive Steel submarkets, with respect to key regions (along with their respective key countries).
To analyze competitive developments such as expansions, agreements, new product launches, and acquisitions in the market.
To strategically profile the key players and comprehensively analyze their growth strategies.

Aira McDonald

Aira McDonald is a seasoned journalist with nearly 15 years experience. While studying journalism at the University of Detroit,, Aira  found a passion for finding engaging stories. As a contributor to PR News Globe, Aira mostly covers human interest pieces.

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Aira McDonald

About the Author: Aira McDonald

Aira McDonald is a seasoned journalist with nearly 15 years experience. While studying journalism at the University of Detroit,, Aira  found a passion for finding engaging stories. As a contributor to PR News Globe, Aira mostly covers human interest pieces.