Advanced High Strength Steel (AHSS) Market
Advanced High Strength Steel (AHSS) Market Study by Dual Phase, Martensitic, Transformation-induced Plasticity, and Twinning-induced Plasticity from 2024 to 2034
Analysis of Advanced High Strength Steel (AHSS) Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Advanced High Strength Steel (AHSS) Market Outlook (2024 to 2034)
The global advanced high strength steel (AHSS) market size is approximated at a value of US$ 23.2 billion in 2024. Rising use of AHSS in oil rigs, bridges, civil engineering, and construction machines, owing to its light weight, strength, durability, recyclability versatility, and high corrosion resistance, is set to push product sales at a CAGR of 7.9% to reach US$ 49.6 billion by 2034.
Use of lightweight advanced high strength steel is associated with significant environmental effects in general. With active structures in particular, AHSS is finding major application in rail coach building and related fields.
- Short Term (2024 to 2027): Increasing deployment and incorporation of AHSS in the automobile, aviation, and marine industries will positively influence product sales growth.
- Medium Term (2027 to 2030): Key developments in high-potential economies will increase the demand for AHSS on the back of growing infrastructure and high adoption of EVs.
- Long Term (2030 to 2034): Development of third-generation steel with improved steel strength and elongation properties will increase its utilization in several industries.
AHSS is used in solar heating systems for warehouses & buildings and also finds application in the construction of solar panel roofing systems. Growing demand for manufacturing parts with improved performance, strength, and durability is expected to have a positive influence on the advanced high strength steel market growth over the decade.
Requirements for weight reduction in automobiles are expected to rise with progressing technologies for safety, comfortable driving, and environmental measures. Advanced high-strength steels are increasingly being utilized in automotive parts such as crash boxes, front-end structures, automotive pillars, automotive rails, sill reinforcement doors, etc.
- The North American advanced high strength steel market size is calculated at US$ 4.3 billion in 2024.
- East Asia is forecasted to account for 24.6% of the global advanced high strength steel market share by 2034.
| Report Attributes | Details |
|---|---|
| AHSS Market Size (2024E) | US$ 23.2 Billion |
| Forecasted Market Value (2034F) | US$ 49.6 Billion |
| Global Market Growth Rate (2024 to 2034) | 7.9% CAGR |
| South Korea Market Value (2034F) | US$ 1.7 Billion |
| Dual Phase Steel Demand Growth Rate (2024 to 2034) | 8.1% CAGR |
| Key Companies Profiled | United States Steel Corporation; Baker Hughes Company; Baoshan Iron & Steel Co., Ltd; AK Steel Holding Corp; ArcelorMittal SA.; Big River Steel; SSAB AB; Steel Technologies LLC; Tata Steel Ltd; Nucor Corp; ThyssenKrupp AG |
Which Market Dynamics are Influencing Sales of Advanced High Strength Steel?
“Rising Use in Automotive Manufacturing to Reduce Weight Notable Advanced High Strength Steel Market Trend”
The automobile industry is becoming one of the most highly regarded economic sectors as a result of the rapid changes in the global economy. Sales of new vehicles are increasing as a result of the rising spending power of individuals. Numerous opportunities are being created by the expanding automobile industry for advanced high strength steel producers.
Usage of composites and AHSS in the production of automotive parts is gaining traction due to the need for lighter commercial vehicles. Numerous OEMs in the automotive industry are likely to follow this trend as composite-made auto parts help reduce the overall weight of automobiles.
This is linked to the rise in high-performance demand, which can be met by lightening the overall weight of automobiles. Rising safety concerns from automotive consumers are also driving the AHSS product demand from automakers. Also, the fuel economy standards set by the respective government authorities are lifting the adoption of AHSS by automakers.
“Investments in R&D to Produce Innovative AHSS”
Spending on R&D is growing as automakers are now facing competition from Silicon Valley. Traditionally, OEMs consolidated their position by working on the hardware aspect, but as technology drives the vehicles of tomorrow, the industry is forced to dive into a domain in which it has limited expertise. Collaboration with tech companies remains a feasible option in the long term.
Emphasis on R&D is expected to increase in the coming decade as automakers looks to match the pace of changing environmental norms and automotive lightweight materials. Advanced lightweight materials are expected to become a key component of brand marketing.
Automakers are now speeding up and scaling up their R&D activities due to the rate at which new technologies are changing the automotive industry’s landscape. Rising focus on products with improved performance, strength, and durability is expected to have a positive influence on AHSS sales in coming 10 years.
What are the Leading Threats for AHSS Producers?
“High Cost of AHSS and Presence of Alternatives such as Aluminum”
With shifting consumer demands, the design of automobile vehicles is consistently changing. However, making significant efforts to improve equipment design results in more spending, which raises the cost of the equipment. The challenge for manufacturers is to reduce the cost of their products while increasing productivity and efficiency.
Consumers place a high priority on car costs, and the use of cutting-edge high-strength steel raises the total cost of the vehicle. As a result, the high price of advanced high strength steel relative to traditional steel could impede their widespread adoption.
AHSS is relatively expensive and growing standards from consumers with time have made the market dynamic. Aluminum appears to be the top contender among the low-weight, great-strength elements that automotive makers are continuously looking for. Aluminum is appealing a lot of attention of manufacturers due to its efficiency, functionality, and performance, boosting sales of automotive aluminum extruded parts.
Will This Be a Profitable Market for New Companies to Enter?
“Sustainability Trend Would Make Development of Green Steel Profitable”
Startups are focusing on transforming the landscape of AHSS. New companies are investing on research and development initiatives to introduce innovative steel solutions. By offering innovative products new companies are set to attract a wider consumer base.
- H2 Green Steel, a Sweden startup, is focused on the production of green steel. The company is utilizing green hydrogen in the production of steel to reduce the harmful gas emissions. This decarbonization process is expected to transform the steel industry growth.
Country-wise Analysis
Why is the United States a Key Market for AHSS?
“Rising Need for Lightweight Materials in Automobile Production and Strict Emission Regulations”
| Attribute | United States |
|---|---|
| Market Value (2024E) | US$ 3.1 Billion |
| Growth Rate (2024 to 2034) | 7.6% CAGR |
| Projected Value (2034F) | US$ 6.4 Billion |
Strict regulations on vehicle safety and emission control are expected to boost the consumption of AHSS in the automotive manufacturing sector in the United States. Growing popularity of electric vehicles and increasing need for lightweight components is set to boost AHSS sales in the United States in the coming decade.
Why are Advanced High Strength Steel Suppliers Thriving in Germany?
“Presence of Prominent Automotive Manufacturers Increasing Adoption of Advanced High Strength Steel”
Europe, led by Germany, is considered to be profitable marketplace for AHSS producers. Germany is the major manufacturer and exporter of automobiles in the Europe. The automotive industry is witnessing increasing demand for side impact beams, chassis, and structural details used to provide cars with impact resistance and improved safety. Strict regulations on emission standards are also boosting their implementation.
Continuous development on improving tensile strength is being made, coupled with the improvement of processing and forming technology. Manufacturers are stressing the cost of AHSS for use in mass-produced vehicles. Owing to the presence of ley manufacturers in the automotive sector, Germany is anticipated to exhibit increasing demand for AHSS over the coming decade.
What is Pushing Demand for Advanced High Strength Steel in China?
“Rising Green Field investments and High Production of Automobiles”
| Attribute | China |
|---|---|
| Market Value (2024E) | US$ 3.4 Billion |
| Growth Rate (2024 to 2034) | 7.5% CAGR |
| Projected Value (2034F) | US$ 7 Billion |
China is still the world’s largest automotive market by manufacturing output as well as annual sales.
- According to the International Trade Administration, domestic production is anticipated to reach 35 million units by 2025.
Sales of AHSS in China are expected to boost owing to growing automotive production coupled with green field investments across the country. AHSS demand is rising from prominent automakers who are striving to achieve improved safety and fuel economy in vehicles.
Category-wise Analysis
Which Type of Advanced High Strength Steel is Most Widely Utilized?
“Effective Work Hardening and Formability Properties of TRIP Steel”
| Attribute | Transformation-induced Plasticity (TRIP) |
|---|---|
| Segment Value (2024E) | US$ 5.9 Billion |
| Growth Rate (2024 to 2034) | 7.6% CAGR |
| Projected Value (2034F) | US$ 12.4 Billion |
Transformation-induced plasticity (TRIP) steel is a part of AHSS family. TRIP steel is gaining traction due to its high carbon content than other members such as dual phase steel. Trip steel is also widely demanded due to their high work hardening rate. Their formability properties are also increasing their sales growth.
Which Vehicle Type Accounts for High Usage of AHSS?
“Rising Use of Advanced High Strength Steel in Production of Durable Commercial Vehicles”
| Attribute | Commercial Vehicles |
|---|---|
| Segment Value (2024E) | US$ 16.1 Billion |
| Growth Rate (2024 to 2034) | 7.9% CAGR |
| Projected Value (2034F) | US$ 34.3 Billion |
AHSS is the preferred material for passenger safety cage parts such as bumpers, waistline reinforcements, side impact beams, A-pillars, B-pillars, and roof bows. In all other essential sections of the automobile industry, advanced high-strength steel is also gaining momentum. Rising industrial and logistic activities across the globe are directly boosting the application of AHSS in commercial vehicle production. Effective properties of AHSS are set to offer lightweight and durable vehicles for transport.
Competitive Landscape
Key players in the advanced high strength steel market 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 industry leaders. Collaborations among leading companies 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 steel grades.
Key Segments of AHSS Market Research
-
By Type :
- Dual Phase (DP)
- Martensitic (MS)
- Transformation-induced Plasticity (TRIP)
- Twinning-induced Plasticity (TWIP)
- Others
-
By Vehicle Type :
- Passenger
- Commercial
-
By Tensile Strength :
- Up to 600 MPa
- 600 to 900 MPa
- 900 to 1200 MPa
- 1200 to 1500 MPa
- Above 1500 MPa
-
By Application :
- Structural Details
- Car Seats
- Bumpers
- Chassis
- Wheels & Power Train
- Side Impact Beams
- Others
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (KT) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Type
- 7.1. Dual phase (DP)
- 7.2. Martensitic (MS)
- 7.3. Transformation-induced plasticity (TRIP)
- 7.4. Twinning-induced plasticity (TWIP)
- 7.5. Others
- 8. Global Market Analysis and Forecast, By Vehicle Type
- 8.1. Passenger
- 8.2. Commercial
- 9. Global Market Analysis and Forecast, By Tensile Strength
- 9.1. Up to 600 MPa
- 9.2. 600-900 MPa
- 9.3. 900-1200 MPa
- 9.4. 1200-1500 MPa
- 9.5. Above 1500 MPa
- 10. Global Market Analysis and Forecast, By Application
- 10.1. Structural details
- 10.2. Car Seats
- 10.3. Bumpers
- 10.4. Chassis, wheels & power train
- 10.5. Side impact beams
- 10.6. Others
- 11. Global Market Analysis and Forecast, By Region
- 11.1. North America
- 11.2. Latin America
- 11.3. Europe
- 11.4. East Asia
- 11.5. South Asia & Oceania
- 11.6. Middle East & Africa
- 12. North America Market Analysis and Forecast
- 13. Latin America Market Analysis and Forecast
- 14. Europe Market Analysis and Forecast
- 15. East Asia Market Analysis and Forecast
- 16. South Asia & Oceania Market Analysis and Forecast
- 17. Middle East & Africa Market Analysis and Forecast
- 18. Country-level Market Analysis and Forecast
- 19. Market Structure Analysis
- 20. Competition Analysis
- 20.1. AK Steel Holding Corp
- 20.2. ArcelorMittal SA.
- 20.3. Baker Hughes Company
- 20.4. Baoshan Iron & Steel Co., Ltd
- 20.5. Big River Steel
- 20.6. Nucor Corp
- 20.7. POSCO
- 20.8. SSAB AB
- 20.9. Steel Technologies LLC
- 20.10. Tata Steel Ltd
- 20.11. ThyssenKrupp AG
- 20.12. United States Steel Corporation
- 21. Assumptions & Acronyms Used
- 22. Research Methodology
List Of Table
Table 01. Global Market Value (US$ million) and Forecast by Region, 2019 to 2023
Table 02. Global Market Value (US$ million) and Forecast by Region, 2024 to 2034
Table 03. Global Market Volume (KT) and Forecast by Region, 2019 to 2023
Table 04. Global Market Volume (KT) and Forecast by Region, 2024 to 2034
Table 05. Global Market Value (US$ million) and Forecast By Type, 2019 to 2023
Table 06. Global Market Value (US$ million) and Forecast By Type, 2024 to 2034
Table 07. Global Market Volume (KT) and Forecast By Type, 2019 to 2023
Table 08. Global Market Volume (KT) and Forecast By Type, 2024 to 2034
Table 09. Global Market Value (US$ million) and Forecast By Vehicle Type, 2019 to 2023
Table 10. Global Market Value (US$ million) and Forecast By Vehicle Type, 2024 to 2034
Table 11. Global Market Volume (KT) and Forecast By Vehicle Type, 2019 to 2023
Table 12. Global Market Volume (KT) and Forecast By Vehicle Type, 2024 to 2034
Table 13. Global Market Value (US$ million) and Forecast By Tensile Strength, 2019 to 2023
Table 14. Global Market Value (US$ million) and Forecast By Tensile Strength, 2024 to 2034
Table 15. Global Market Volume (KT) and Forecast By Tensile Strength, 2019 to 2023
Table 16. Global Market Volume (KT) and Forecast By Tensile Strength, 2024 to 2034
Table 17. Global Market Value (US$ million) and Forecast By Application, 2019 to 2023
Table 18. Global Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 19. Global Market Volume (KT) and Forecast By Application, 2019 to 2023
Table 20. Global Market Volume (KT) and Forecast By Application, 2024 to 2034
Table 21. North America Market Value (US$ million) and Forecast by Country, 2019 to 2023
Table 22. North America Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 23. North America Market Volume (KT) and Forecast by Country, 2019 to 2023
Table 24. North America Market Volume (KT) and Forecast by Country, 2024 to 2034
Table 25. North America Market Value (US$ million) and Forecast By Type, 2019 to 2023
Table 26. North America Market Value (US$ million) and Forecast By Type, 2024 to 2034
Table 27. North America Market Volume (KT) and Forecast By Type, 2019 to 2023
Table 28. North America Market Volume (KT) and Forecast By Type, 2024 to 2034
Table 29. North America Market Value (US$ million) and Forecast By Vehicle Type, 2019 to 2023
Table 30. North America Market Value (US$ million) and Forecast By Vehicle Type, 2024 to 2034
Table 31. North America Market Volume (KT) and Forecast By Vehicle Type, 2019 to 2023
Table 32. North America Market Volume (KT) and Forecast By Vehicle Type, 2024 to 2034
Table 33. North America Market Value (US$ million) and Forecast By Tensile Strength, 2019 to 2023
Table 34. North America Market Value (US$ million) and Forecast By Tensile Strength, 2024 to 2034
Table 35. North America Market Volume (KT) and Forecast By Tensile Strength, 2019 to 2023
Table 36. North America Market Volume (KT) and Forecast By Tensile Strength, 2024 to 2034
Table 37. North America Market Value (US$ million) and Forecast By Application, 2019 to 2023
Table 38. North America Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 39. North America Market Volume (KT) and Forecast By Application, 2019 to 2023
Table 40. North America Market Volume (KT) and Forecast By Application, 2024 to 2034
Table 41. Latin America Market Value (US$ million) and Forecast by Country, 2019 to 2023
Table 42. Latin America Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 43. Latin America Market Volume (KT) and Forecast by Country, 2019 to 2023
Table 44. Latin America Market Volume (KT) and Forecast by Country, 2024 to 2034
Table 45. Latin America Market Value (US$ million) and Forecast By Type, 2019 to 2023
Table 46. Latin America Market Value (US$ million) and Forecast By Type, 2024 to 2034
Table 47. Latin America Market Volume (KT) and Forecast By Type, 2019 to 2023
Table 48. Latin America Market Volume (KT) and Forecast By Type, 2024 to 2034
Table 49. Latin America Market Value (US$ million) and Forecast By Vehicle Type, 2019 to 2023
Table 50. Latin America Market Value (US$ million) and Forecast By Vehicle Type, 2024 to 2034
Table 51. Latin America Market Volume (KT) and Forecast By Vehicle Type, 2019 to 2023
Table 52. Latin America Market Volume (KT) and Forecast By Vehicle Type, 2024 to 2034
Table 53. Latin America Market Value (US$ million) and Forecast By Tensile Strength, 2019 to 2023
Table 54. Latin America Market Value (US$ million) and Forecast By Tensile Strength, 2024 to 2034
Table 55. Latin America Market Volume (KT) and Forecast By Tensile Strength, 2019 to 2023
Table 56. Latin America Market Volume (KT) and Forecast By Tensile Strength, 2024 to 2034
Table 57. Latin America Market Value (US$ million) and Forecast By Application, 2019 to 2023
Table 58. Latin America Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 59. Latin America Market Volume (KT) and Forecast By Application, 2019 to 2023
Table 60. Latin America Market Volume (KT) and Forecast By Application, 2024 to 2034
Table 61. Europe Market Value (US$ million) and Forecast by Country, 2019 to 2023
Table 62. Europe Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 63. Europe Market Volume (KT) and Forecast by Country, 2019 to 2023
Table 64. Europe Market Volume (KT) and Forecast by Country, 2024 to 2034
Table 65. Europe Market Value (US$ million) and Forecast By Type, 2019 to 2023
Table 66. Europe Market Value (US$ million) and Forecast By Type, 2024 to 2034
Table 67. Europe Market Volume (KT) and Forecast By Type, 2019 to 2023
Table 68. Europe Market Volume (KT) and Forecast By Type, 2024 to 2034
Table 69. Europe Market Value (US$ million) and Forecast By Vehicle Type, 2019 to 2023
Table 70. Europe Market Value (US$ million) and Forecast By Vehicle Type, 2024 to 2034
Table 71. Europe Market Volume (KT) and Forecast By Vehicle Type, 2019 to 2023
Table 72. Europe Market Volume (KT) and Forecast By Vehicle Type, 2024 to 2034
Table 73. Europe Market Value (US$ million) and Forecast By Tensile Strength, 2019 to 2023
Table 74. Europe Market Value (US$ million) and Forecast By Tensile Strength, 2024 to 2034
Table 75. Europe Market Volume (KT) and Forecast By Tensile Strength, 2019 to 2023
Table 76. Europe Market Volume (KT) and Forecast By Tensile Strength, 2024 to 2034
Table 77. Europe Market Value (US$ million) and Forecast By Application, 2019 to 2023
Table 78. Europe Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 79. Europe Market Volume (KT) and Forecast By Application, 2019 to 2023
Table 80. Europe Market Volume (KT) and Forecast By Application, 2024 to 2034
Table 81. East Asia Market Value (US$ million) and Forecast by Country, 2019 to 2023
Table 82. East Asia Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 83. East Asia Market Volume (KT) and Forecast by Country, 2019 to 2023
Table 84. East Asia Market Volume (KT) and Forecast by Country, 2024 to 2034
Table 85. East Asia Market Value (US$ million) and Forecast By Type, 2019 to 2023
Table 86. East Asia Market Value (US$ million) and Forecast By Type, 2024 to 2034
Table 87. East Asia Market Volume (KT) and Forecast By Type, 2019 to 2023
Table 88. East Asia Market Volume (KT) and Forecast By Type, 2024 to 2034
Table 89. East Asia Market Value (US$ million) and Forecast By Vehicle Type, 2019 to 2023
Table 90. East Asia Market Value (US$ million) and Forecast By Vehicle Type, 2024 to 2034
Table 91. East Asia Market Volume (KT) and Forecast By Vehicle Type, 2019 to 2023
Table 92. East Asia Market Volume (KT) and Forecast By Vehicle Type, 2024 to 2034
Table 93. East Asia Market Value (US$ million) and Forecast By Tensile Strength, 2019 to 2023
Table 94. East Asia Market Value (US$ million) and Forecast By Tensile Strength, 2024 to 2034
Table 95. East Asia Market Volume (KT) and Forecast By Tensile Strength, 2019 to 2023
Table 96. East Asia Market Volume (KT) and Forecast By Tensile Strength, 2024 to 2034
Table 97. East Asia Market Value (US$ million) and Forecast By Application, 2019 to 2023
Table 98. East Asia Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 99. East Asia Market Volume (KT) and Forecast By Application, 2019 to 2023
Table 100. East Asia Market Volume (KT) and Forecast By Application, 2024 to 2034
Table 101. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2019 to 2023
Table 102. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 103. South Asia & Oceania Market Volume (KT) and Forecast by Country, 2019 to 2023
Table 104. South Asia & Oceania Market Volume (KT) and Forecast by Country, 2024 to 2034
Table 105. South Asia & Oceania Market Value (US$ million) and Forecast By Type, 2019 to 2023
Table 106. South Asia & Oceania Market Value (US$ million) and Forecast By Type, 2024 to 2034
Table 107. South Asia & Oceania Market Volume (KT) and Forecast By Type, 2019 to 2023
Table 108. South Asia & Oceania Market Volume (KT) and Forecast By Type, 2024 to 2034
Table 109. South Asia & Oceania Market Value (US$ million) and Forecast By Vehicle Type, 2019 to 2023
Table 110. South Asia & Oceania Market Value (US$ million) and Forecast By Vehicle Type, 2024 to 2034
Table 111. South Asia & Oceania Market Volume (KT) and Forecast By Vehicle Type, 2019 to 2023
Table 112. South Asia & Oceania Market Volume (KT) and Forecast By Vehicle Type, 2024 to 2034
Table 113. South Asia & Oceania Market Value (US$ million) and Forecast By Tensile Strength, 2019 to 2023
Table 114. South Asia & Oceania Market Value (US$ million) and Forecast By Tensile Strength, 2024 to 2034
Table 115. South Asia & Oceania Market Volume (KT) and Forecast By Tensile Strength, 2019 to 2023
Table 116. South Asia & Oceania Market Volume (KT) and Forecast By Tensile Strength, 2024 to 2034
Table 117. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2019 to 2023
Table 118. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 119. South Asia & Oceania Market Volume (KT) and Forecast By Application, 2019 to 2023
Table 120. South Asia & Oceania Market Volume (KT) and Forecast By Application, 2024 to 2034
Table 121. MEA Market Value (US$ million) and Forecast by Country, 2019 to 2023
Table 122. MEA Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 123. MEA Market Volume (KT) and Forecast by Country, 2019 to 2023
Table 124. MEA Market Volume (KT) and Forecast by Country, 2024 to 2034
Table 125. MEA Market Value (US$ million) and Forecast By Type, 2019 to 2023
Table 126. MEA Market Value (US$ million) and Forecast By Type, 2024 to 2034
Table 127. MEA Market Volume (KT) and Forecast By Type, 2019 to 2023
Table 128. MEA Market Volume (KT) and Forecast By Type, 2024 to 2034
Table 129. MEA Market Value (US$ million) and Forecast By Vehicle Type, 2019 to 2023
Table 130. MEA Market Value (US$ million) and Forecast By Vehicle Type, 2024 to 2034
Table 131. MEA Market Volume (KT) and Forecast By Vehicle Type, 2019 to 2023
Table 132. MEA Market Volume (KT) and Forecast By Vehicle Type, 2024 to 2034
Table 133. MEA Market Value (US$ million) and Forecast By Tensile Strength, 2019 to 2023
Table 134. MEA Market Value (US$ million) and Forecast By Tensile Strength, 2024 to 2034
Table 135. MEA Market Volume (KT) and Forecast By Tensile Strength, 2019 to 2023
Table 136. MEA Market Volume (KT) and Forecast By Tensile Strength, 2024 to 2034
Table 137. MEA Market Value (US$ million) and Forecast By Application, 2019 to 2023
Table 138. MEA Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 139. MEA Market Volume (KT) and Forecast By Application, 2019 to 2023
Table 140. MEA Market Volume (KT) and Forecast By Application, 2024 to 2034
List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (KT) Forecast, 2024 to 2034
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 03. Global Market Value (US$ million) and Volume (KT) by Region, 2024 & 2034
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2024 to 2034
Figure 05. Global Market Value (US$ million) and Volume (KT) By Type, 2024 & 2034
Figure 06. Global Market Y-o-Y Growth Rate By Type, 2024 to 2034
Figure 07. Global Market Value (US$ million) and Volume (KT) By Vehicle Types, 2024 & 2034
Figure 08. Global Market Y-o-Y Growth Rate By Vehicle Types, 2024 to 2034
Figure 09. Global Market Value (US$ million) and Volume (KT) By Tensile Strength, 2024 & 2034
Figure 10. Global Market Y-o-Y Growth Rate By Tensile Strength, 2024 to 2034
Figure 11. Global Market Value (US$ million) and Volume (KT) By Application, 2024 & 2034
Figure 12. Global Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 13. North America Market Value (US$ million) and Volume (KT) Forecast, 2024 to 2034
Figure 14. North America Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 15. North America Market Value (US$ million) and Volume (KT) by Country, 2024 & 2034
Figure 16. North America Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 17. North America Market Value (US$ million) and Volume (KT) By Type, 2024 & 2034
Figure 18. North America Market Y-o-Y Growth Rate By Type, 2024 to 2034
Figure 19. North America Market Value (US$ million) and Volume (KT) By Vehicle Types, 2024 & 2034
Figure 20. North America Market Y-o-Y Growth Rate By Vehicle Types, 2024 to 2034
Figure 21. North America Market Value (US$ million) and Volume (KT) By Tensile Strength, 2024 & 2034
Figure 22. North America Market Y-o-Y Growth Rate By Tensile Strength, 2024 to 2034
Figure 23. North America Market Value (US$ million) and Volume (KT) By Application, 2024 & 2034
Figure 24. North America Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 25. North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 26. North America Market Attractiveness Analysis By Type, 2024 to 2034
Figure 27. North America Market Attractiveness Analysis By Vehicle Types, 2024 to 2034
Figure 28. North America Market Attractiveness Analysis By Tensile Strength, 2024 to 2034
Figure 29. North America Market Attractiveness Analysis By Application, 2024 to 2034
Figure 30. Latin America Market Value (US$ million) and Volume (KT) Forecast, 2024 to 2034
Figure 31. Latin America Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 32. Latin America Market Value (US$ million) and Volume (KT) by Country, 2024 & 2034
Figure 33. Latin America Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 34. Latin America Market Value (US$ million) and Volume (KT) By Type, 2024 & 2034
Figure 35. Latin America Market Y-o-Y Growth Rate By Type, 2024 to 2034
Figure 36. Latin America Market Value (US$ million) and Volume (KT) By Vehicle Types, 2024 & 2034
Figure 37. Latin America Market Y-o-Y Growth Rate By Vehicle Types, 2024 to 2034
Figure 38. Latin America Market Value (US$ million) and Volume (KT) By Tensile Strength, 2024 & 2034
Figure 39. Latin America Market Y-o-Y Growth Rate By Tensile Strength, 2024 to 2034
Figure 40. Latin America Market Value (US$ million) and Volume (KT) By Application, 2024 & 2034
Figure 41. Latin America Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 42. Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 43. Latin America Market Attractiveness Analysis By Type, 2024 to 2034
Figure 44. Latin America Market Attractiveness Analysis By Vehicle Types, 2024 to 2034
Figure 45. Latin America Market Attractiveness Analysis By Tensile Strength, 2024 to 2034
Figure 46. Latin America Market Attractiveness Analysis By Application, 2024 to 2034
Figure 47. Europe Market Value (US$ million) and Volume (KT) Forecast, 2024 to 2034
Figure 48. Europe Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 49. Europe Market Value (US$ million) and Volume (KT) by Country, 2024 & 2034
Figure 50. Europe Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 51. Europe Market Value (US$ million) and Volume (KT) By Type, 2024 & 2034
Figure 52. Europe Market Y-o-Y Growth Rate By Type, 2024 to 2034
Figure 53. Europe Market Value (US$ million) and Volume (KT) By Vehicle Types, 2024 & 2034
Figure 54. Europe Market Y-o-Y Growth Rate By Vehicle Types, 2024 to 2034
Figure 55. Europe Market Value (US$ million) and Volume (KT) By Tensile Strength, 2024 & 2034
Figure 56. Europe Market Y-o-Y Growth Rate By Tensile Strength, 2024 to 2034
Figure 57. Europe Market Value (US$ million) and Volume (KT) By Application, 2024 & 2034
Figure 58. Europe Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 59. Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 60. Europe Market Attractiveness Analysis By Type, 2024 to 2034
Figure 61. Europe Market Attractiveness Analysis By Vehicle Types, 2024 to 2034
Figure 62. Europe Market Attractiveness Analysis By Tensile Strength, 2024 to 2034
Figure 63. Europe Market Attractiveness Analysis By Application, 2024 to 2034
Figure 64. East Asia Market Value (US$ million) and Volume (KT) Forecast, 2024 to 2034
Figure 65. East Asia Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 66. East Asia Market Value (US$ million) and Volume (KT) by Country, 2024 & 2034
Figure 67. East Asia Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 68. East Asia Market Value (US$ million) and Volume (KT) By Type, 2024 & 2034
Figure 69. East Asia Market Y-o-Y Growth Rate By Type, 2024 to 2034
Figure 70. East Asia Market Value (US$ million) and Volume (KT) By Vehicle Types, 2024 & 2034
Figure 71. East Asia Market Y-o-Y Growth Rate By Vehicle Types, 2024 to 2034
Figure 72. East Asia Market Value (US$ million) and Volume (KT) By Tensile Strength, 2024 & 2034
Figure 73. East Asia Market Y-o-Y Growth Rate By Tensile Strength, 2024 to 2034
Figure 74. East Asia Market Value (US$ million) and Volume (KT) By Application, 2024 & 2034
Figure 75. East Asia Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 76. East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 77. East Asia Market Attractiveness Analysis By Type, 2024 to 2034
Figure 78. East Asia Market Attractiveness Analysis By Vehicle Types, 2024 to 2034
Figure 79. East Asia Market Attractiveness Analysis By Tensile Strength, 2024 to 2034
Figure 80. East Asia Market Attractiveness Analysis By Application, 2024 to 2034
Figure 81. South Asia & Oceania Market Value (US$ million) and Volume (KT) Forecast, 2024 to 2034
Figure 82. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 83. South Asia & Oceania Market Value (US$ million) and Volume (KT) by Country, 2024 & 2034
Figure 84. South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 85. South Asia & Oceania Market Value (US$ million) and Volume (KT) By Type, 2024 & 2034
Figure 86. South Asia & Oceania Market Y-o-Y Growth Rate By Type, 2024 to 2034
Figure 87. South Asia & Oceania Market Value (US$ million) and Volume (KT) By Vehicle Types, 2024 & 2034
Figure 88. South Asia & Oceania Market Y-o-Y Growth Rate By Vehicle Types, 2024 to 2034
Figure 89. South Asia & Oceania Market Value (US$ million) and Volume (KT) By Tensile Strength, 2024 & 2034
Figure 90. South Asia & Oceania Market Y-o-Y Growth Rate By Tensile Strength, 2024 to 2034
Figure 91. South Asia & Oceania Market Value (US$ million) and Volume (KT) By Application, 2024 & 2034
Figure 92. South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 93. South Asia & Oceania Market Attractiveness Analysis by Country, 2024 to 2034
Figure 94. South Asia & Oceania Market Attractiveness Analysis By Type, 2024 to 2034
Figure 95. South Asia & Oceania Market Attractiveness Analysis By Vehicle Types, 2024 to 2034
Figure 96. South Asia & Oceania Market Attractiveness Analysis By Tensile Strength, 2024 to 2034
Figure 97. South Asia & Oceania Market Attractiveness Analysis By Application, 2024 to 2034
Figure 98. MEA Market Value (US$ million) and Volume (KT) Forecast, 2024 to 2034
Figure 99. MEA Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 100. MEA Market Value (US$ million) and Volume (KT) by Country, 2024 & 2034
Figure 101. MEA Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 102. MEA Market Value (US$ million) and Volume (KT) By Type, 2024 & 2034
Figure 103. MEA Market Y-o-Y Growth Rate By Type, 2024 to 2034
Figure 104. MEA Market Value (US$ million) and Volume (KT) By Vehicle Types, 2024 & 2034
Figure 105. MEA Market Y-o-Y Growth Rate By Vehicle Types, 2024 to 2034
Figure 106. MEA Market Value (US$ million) and Volume (KT) By Tensile Strength, 2024 & 2034
Figure 107. MEA Market Y-o-Y Growth Rate By Tensile Strength, 2024 to 2034
Figure 108. MEA Market Value (US$ million) and Volume (KT) By Application, 2024 & 2034
Figure 109. MEA Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 110. MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 111. MEA Market Attractiveness Analysis By Type, 2024 to 2034
Figure 112. MEA Market Attractiveness Analysis By Vehicle Types, 2024 to 2034
Figure 113. MEA Market Attractiveness Analysis By Tensile Strength, 2024 to 2034
Figure 114. MEA Market Attractiveness Analysis By Application, 2024 to 2034
- FAQs -
How big is the advanced high strength steel market?
The global advanced high strength steel market is evaluated at US$ 23.2 billion in 2024.
How much is the projected size for the AHSS market by 2034?
Sales of advanced high strength steel are forecasted to reach US$ 49.6 billion by 2034.
What are the future projections for advanced high strength steel?
Demand for AHSS is forecasted to rise at a CAGR of 7.9% from 2024 to 2034.
Which type of AHSS is most widely demanded?
Transformation-induced plasticity (TRIP) steel sales are expected to reach US$ 12.4 billion by 2034.
What is the estimated value of the South Korea AHSS market?
The South Korea market is calculated at US$ 700 million for 2024.
Who are the leading suppliers of advanced high strength steel?
Key manufacturers of AHSS are AK Steel Holding Corp, Baker Hughes Company, and Baoshan Iron & Steel Co., Ltd.
Advanced High Strength Steel (AHSS) Market