Shift towards Light Weight Vehicles to Fuel Demand of AHSS
Advanced high strength steel (AHSS) is increasingly being utilized for automotive designs such as crash boxes, front-end structures, vehicle pillars, vehicle rails, sill reinforcement doors, etc. Government organizations across the globe have imposed safety & fuel regulations, which has forced OEMs to design vehicle parts and associated components at a reduced weight so as to significantly decrease CO2 emissions. The situation has shifted focus of automakers towards effective solutions and materials, such as advanced high strength steel in automotive parts. The ever rising demand of AHSS from automotive industries, has created immense opportunities for AHSS manufacturers. Furthermore, with technological advancements, number of companies are coming up with advanced functions of AHSS targeted towards niche applications in automobiles as well as other machineries. On the backdrop of the aforementioned factors global advanced high strength steel market is forecast to grow at an impressive CAGR of ~10% by the end of 2029.
Automakers Resort to Third-Generation AHSS for Value-Added Product Offerings
Advanced high strength steel across generations is being developed to enhance characteristics of strength-to-elongation ratio. 1st & 2nd generation AHSS manufacturers have been successful in increasing strength and elongation characteristics of steel, however, the challenges pertaining to joining of other grades of steel and high cost remain unaddressed. With continuous advancements, manufacturers have come up with 3rd generation advanced high strength steel. This AHSS grade is cost effective, and has high tensile strength properties. As 3rd generation AHSS is offering superior strength-to-weight ratios and cost-effectiveness, it is in a bid to replace more expensive solutions like hot stamped boron steels. Only a handful of manufacturers have launched new and exclusive products under 3rd generation AHSS category. Other players are on the verge of developing exclusive versions in the mid-term forecast.
Europe to Hold Leading Share, with Spurring Sales in Automotive Industry
From the regional perspective, Europe is estimated to dominate global advanced high strength steel market through the forecast period. AHSS demand in the region has risen from prominent automakers striving to achieve improved safety and fuel economy requirements in the vehicle. Furthermore, owing to presence of prominent companies like ThyssenKrupp AG, this region is anticipated to incline towards high value – high growth segments during forecast period. Furthermore, East Asia will remain a highly attractive market throughout the forecast period owing to the growing automotive production coupled with green field investments across the region.
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Collaboration: Key Growth Influencer within AHSS Market
Global advanced high strength steel market is moderately consolidated in nature, with leading players in the market having a substantial 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. Furthermore, key stakeholders have entered into strategic collaborations with leading auto makers to achieve repetitive 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.
- In 2019, Nucor Corp announced the expansion of its advanced high strength steel manufacturing facilities. Company has planned to invest around US$ 470 Mn for its cold mill and galvanizing line expansion.
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Advanced High Strength Steel (AHSS) Market- Scope of the Report
The recent study by Fact.MR on advanced high strength steel (AHSS) market offers a 10-year forecast between 2019 and 2029. The study analyzes crucial trends that are currently determining the growth of advanced high strength steel (AHSS) market. This report explicates on vital dynamics such as the drivers, restraints and opportunities for key market players along with key stakeholders as well as emerging players associated with the manufacturing of advanced high strength steel (AHSS). The study also provides dynamics that are responsible for influencing the future status of the advanced high strength steel (AHSS) market over the forecast period.
A detailed assessment of advanced high strength steel (AHSS) value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the advanced high strength steel (AHSS) market along with their production capacity analysis enhances the reliability of this comprehensive research study.
Advanced High Strength Steel (AHSS) Market: Report Summary
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.
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, car type, tensile strength, application and key regions.
|
Type |
Car Type |
Tensile Strength |
Application |
Region |
|
Dual phase (DP) |
Passenger |
Upto 600 MPa |
Structural details |
North America |
|
Martensitic (MS) |
Commercial |
600-900 MPa |
Car Seats |
Latin America |
|
Transformation-induced plasticity (TRIP) |
|
900-1200 MPa |
Bumpers |
Europe |
|
Twinning-induced plasticity(TWIP) |
|
1200-1500 MPa |
Chasis, wheels & power train |
East Asia |
|
Others |
|
Above 1500 MPa |
Side impact beams |
South Asia & Oceania |
|
|
|
|
Others |
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 addressee(s) is unauthorized and prohibited.”
Advanced High Strength Steel (AHSS) Market: 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.
Advanced High Strength Steel (AHSS) Market: Inspected Assessment on Regional Segments
Key sections have been elaborated in the advanced high strength steel (AHSS) report, which have helped to deliver projection on the regional markets. These chapters include the regional macros (political economic, and business environment outlook), which are expected to have a momentous influence on the growth of advanced high strength steel (AHSS) market during the forecast period.
Country-specific valuation on demand for advanced high strength steel (AHSS) has been offered for each regional market, along with the market scope estimate and forecast, price index, and impact analysis of dynamics of prominence in regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Detailed breakup in terms of value & volume for emerging countries has also been included in the report.
Advanced High Strength Steel (AHSS) Market: In-depth Analysis on Competitive Landscape
The report sheds light on the leading manufacturers of the 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 permits the report readers to take preemptive steps in advancing their businesses.
Company profiles have been included in the report, which includes essentials such as product portfolio, key strategies along with an all-inclusive SWOT analysis on each player. The company presence is mapped and presented through the matrix for all the prominent players thus providing the readers with actionable insights, which helps in thoughtfully presenting market status, and predicting the competition level in advanced high strength steel (AHSS) market. 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.
1. Executive Summary
1.1. Summary of Key Findings
1.2. Summary of Statistics
1.3. Industry Attributes
1.4. Fact.MR Analysis and Recommendations
2. Market Overview
2.1. Market Introduction
2.2. Market Definition
2.3. Market Taxonomy
3. Market Background
3.1. Advanced High Strength Steel (AHSS) Production
3.1.1. Manufacturing process
3.2. Global Automotive Industry Outlook
3.2.1. Demand Supply Analysis
3.2.2. Regional Snapshot
3.2.3. Key Producers and Recent Industry Developments
3.3. Key statistics pertaining to global automotive production and sales
3.4. Key Trends – Automotive manufacturing
3.5. Analysis on automotive materials- plastics vs. AHSS
3.6. Percent share of Automotive Materials of Construction, 2005 vs. 2017
3.7. Potential hotspots for AHSS, an Overview
3.7.1. Rail transport
3.7.2. Energy
3.7.3. Infrastructure
3.7.4. Shipbuilding
3.7.5. Aerospace
3.8. Regulatory Landscape and industry Standards
3.9. Global Electric Vehicle Outlook
3.9.1. Global Electric Vehicle Production
3.9.2. Global Electric Vehicle Sales Analysis and Forecast by Region
3.9.3. Electric Vehicle and Battery Manufacturing Plants Investment
3.10. Raw Material Sourcing Strategy and Analysis
3.11. Forecast Factors - Relevance & Impact
3.11.1. Global Crude Steel Production Growth
3.11.2. Global Automotive Industry Growth
3.11.3. Global Construction Industry Growth
3.11.4. Global GDP Growth
3.12. Value Chain Analysis
3.12.1. List of raw material Manufacturers / suppliers
3.12.2. List of Key Manufacturers
3.12.3. List of distributors
3.12.4. List of end-users
3.12.5. Value added at each node
3.13. Market Dynamics
3.13.1. Drivers
3.13.2. Restraints
3.13.3. Opportunity
3.13.4. Trends
4. Global Advanced High Strength Steel (AHSS) Market Demand Analysis 2014-2018 and Forecast, 2019-2029
4.1. Historical Market Volume (Kilo Tons) Analysis, 2014-2018
4.2. Current and Future Market Volume (Kilo Tons) Projections, 2019-2029
4.3. Y-o-Y Growth Trend Analysis
5. Global Advanced High Strength Steel (AHSS) Market - Pricing Analysis
5.1. Regional Pricing Analysis
5.2. Pricing Break-up
5.3. Global Average Pricing Analysis Benchmark
6. Global Advanced High Strength Steel (AHSS) Market Demand (US$ Mn) Analysis 2014-2018 and Forecast, 2019-2029
6.1. Historical Market Value (US$ Mn) Analysis, 2014-2018
6.2. Current and Future Market Value (US$ Mn) Projections, 2019-2029
6.2.1. Y-o-Y Growth Trend Analysis
6.2.2. Absolute $ Opportunity Analysis
7. Global Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029, By Type
7.1. Introduction / Key Findings
7.2. Historical Market Size (US$ Mn) and Volume Analysis By Type, 2014-2018
7.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Type, 2019 - 2029
7.3.1. Dual phase (DP)
7.3.2. Martensitic (MS)
7.3.3. Transformation-induced plasticity (TRIP)
7.3.4. Twinning-induced plasticity(TWIP)
7.3.5. Others
7.4. Market Attractiveness Analysis By Type
8. Global Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029, By Car Type
8.1. Introduction / Key Findings
8.2. Historical Market Size (US$ Mn) and Volume Analysis By Car Type, 2014-2018
8.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Car Type, 2019 - 2029
8.3.1. Passenger
8.3.2. Commercial
8.4. Market Attractiveness Analysis By Car Type
9. Global Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029, By Tensile Strength
9.1. Introduction / Key Findings
9.2. Historical Market Size (US$ Mn) and Volume Analysis By Tensile Strength, 2014-2018
9.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Tensile Strength, 2019 - 2029
9.3.1. Up to 600 MPa
9.3.2. 600-900 MPa
9.3.3. 900-1200 MPa
9.3.4. 1200-1500 MPa
9.3.5. Above 1500 MPa
9.4. Market Attractiveness Analysis By Tensile Strength
10. Global Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029, By Application
10.1. Introduction / Key Findings
10.2. Historical Market Size (US$ Mn) and Volume Analysis By Application, 2014-2018
10.3. Current and Future Market Size (US$ Mn) and Volume Analysis and Forecast By Application, 2019 - 2029
10.3.1. Structural details
10.3.2. Car Seats
10.3.3. Bumpers
10.3.4. Chassis, wheels & power train
10.3.5. Side impact beams
10.3.6. Others
11. Market Attractiveness Analysis By Application
12. Global Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029, by Region
12.1. Introduction
12.2. Historical Market Size (US$ Mn) and Volume Analysis, By Region, 2014-2018
12.3. Current Market Size (US$ Mn) and Volume Analysis and Forecast, By Region, 2019 - 2029
12.3.1. North America
12.3.2. Latin America
12.3.3. Europe
12.3.4. East Asia
12.3.5. South Asia & Oceania
12.3.6. Middle East & Africa
12.4. Market Attractiveness Analysis, By Region
13. North America Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029
13.1. Introduction
13.2. Historical Market Size (US$ Mn) and Volume Trend Analysis, By Market Taxonomy, 2014-2018
13.3. Market Size (US$ Mn) and Volume Forecast, By Market Taxonomy, 2019 - 2029
13.3.1. By Country
13.3.1.1. U.S.
13.3.1.2. Canada
13.3.2. By Type
13.3.3. By Car Type
13.3.4. By Tensile Strength
13.3.5. By Application
13.4. Market Attractiveness Analysis
13.4.1. By Country
13.4.2. By Type
13.4.3. By Car Type
13.4.4. By Tensile Strength
13.4.5. By Application
13.5. Market Trends
13.6. Key Market Participants - Intensity Mapping
13.7. Drivers and Restraints - Impact Analysis
14. Latin America Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029
14.1. Introduction
14.2. Historical Market Size (US$ Mn) and Volume Trend Analysis, By Market Taxonomy, 2014-2018
14.3. Market Size (US$ Mn) and Volume Forecast, By Market Taxonomy, 2019 - 2029
14.3.1. By Country
14.3.1.1. Brazil
14.3.1.2. Mexico
14.3.1.3. Rest of Latin America
14.3.2. By Type
14.3.3. By Car Type
14.3.4. By Tensile Strength
14.3.5. By Application
14.4. Market Attractiveness Analysis
14.4.1. By Country
14.4.2. By Type
14.4.3. By Car Type
14.4.4. By Tensile Strength
14.4.5. By Application
14.5. Market Trends
14.6. Key Market Participants - Intensity Mapping
14.7. Drivers and Restraints - Impact Analysis
15. Europe Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029
15.1. Introduction
15.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018
15.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029
15.3.1. By Country
15.3.1.1. EU-4
15.3.1.2. UK
15.3.1.3. BENELUX
15.3.1.4. NORDIC
15.3.1.5. Spain
15.3.1.6. Eastern Europe
15.3.1.7. Rest of Europe
15.3.2. By Type
15.3.3. By Car Type
15.3.4. By Tensile Strength
15.3.5. By Application
15.4. Market Attractiveness Analysis
15.4.1. By Country
15.4.2. By Type
15.4.3. By Car Type
15.4.4. By Tensile Strength
15.4.5. By Application
15.5. Market Trends
15.6. Key Market Participants - Intensity Mapping
15.7. Drivers and Restraints - Impact Analysis
16. East Asia Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029
16.1. Introduction
16.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018
16.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029
16.3.1. By Country
16.3.1.1. China
16.3.1.2. Japan
16.3.1.3. South Korea
16.3.2. By Type
16.3.3. By Car Type
16.3.4. By Tensile Strength
16.3.5. By Application
16.4. Market Attractiveness Analysis
16.4.1. By Country
16.4.2. By Type
16.4.3. By Car Type
16.4.4. By Tensile Strength
16.4.5. By Application
16.5. Market Trends
16.6. Key Market Participants - Intensity Mapping
16.7. Drivers and Restraints - Impact Analysis
17. South Asia & Oceania Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029
17.1. Introduction
17.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018
17.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029
17.3.1. By Country
17.3.1.1. India
17.3.1.2. ASEAN
17.3.1.3. Oceania
17.3.1.4. Rest of APEJ
17.3.2. By Type
17.3.3. By Car Type
17.3.4. By Tensile Strength
17.3.5. By Application
17.4. Market Attractiveness Analysis
17.4.1. By Country
17.4.2. By Type
17.4.3. By Car Type
17.4.4. By Tensile Strength
17.4.5. By Application
17.5. Market Trends
17.6. Key Market Participants - Intensity Mapping
17.7. Drivers and Restraints - Impact Analysis
18. Middle East & Africa Advanced High Strength Steel (AHSS) Market Analysis 2014-2018 and Forecast 2019-2029
18.1. Introduction
18.2. Historical Market Size (US$ Mn) and Volume Trend Analysis By Market Taxonomy, 2014-2018
18.3. Market Size (US$ Mn) and Volume Forecast By Market Taxonomy, 2019 - 2029
18.3.1. By Country
18.3.1.1. GCC Countries
18.3.1.2. Turkey
18.3.1.3. South Africa
18.3.1.4. Rest of Middle East & Africa
18.3.2. By Type
18.3.3. By Car Type
18.3.4. By Tensile Strength
18.3.5. By Application
18.4. Market Attractiveness Analysis
18.4.1. By Country
18.4.2. By Type
18.4.3. By Car Type
18.4.4. By Tensile Strength
18.4.5. By Application
18.5. Market Trends
18.6. Key Market Participants - Intensity Mapping
18.7. Drivers and Restraints - Impact Analysis
19. Market Structure Analysis
19.1. Market Analysis by Tier of Companies
19.2. Market Concentration
19.3. Market Share Analysis of Top Player
19.4. List of Brand names and Distributors
20. Competition Analysis
20.1. Competition Dashboard
20.2. Competition Benchmarking
20.3. Competition Deep Dive
20.4. Competition Analysis
20.4.1. AK Steel Holding Corp
20.4.1.1. Overview
20.4.1.2. Product Portfolio
20.4.1.3. Plant clusters
20.4.1.4. Geographical Sales footprint
20.4.1.5. SWOT Analysis
20.4.2. ArcelorMittal SA.
20.4.2.1. Overview
20.4.2.2. Product Portfolio
20.4.2.3. Plant clusters
20.4.2.4. Geographical Sales footprint
20.4.2.5. SWOT Analysis
20.4.3. Baoshan Iron & Steel Co., Ltd
20.4.3.1. Overview
20.4.3.2. Product Portfolio
20.4.3.3. Plant clusters
20.4.3.4. Geographical Sales footprint
20.4.3.5. SWOT Analysis
20.4.4. Big River Steel
20.4.4.1. Overview
20.4.4.2. Product Portfolio
20.4.4.3. Plant clusters
20.4.4.4. Geographical Sales footprint
20.4.4.5. SWOT Analysis
20.4.5. Nucor Corp
20.4.5.1. Overview
20.4.5.2. Product Portfolio
20.4.5.3. Plant clusters
20.4.5.4. Geographical Sales footprint
20.4.5.5. SWOT Analysis
20.4.6. POSCO
20.4.6.1. Overview
20.4.6.2. Product Portfolio
20.4.6.3. Plant clusters
20.4.6.4. Geographical Sales footprint
20.4.6.5. SWOT Analysis
20.4.7. SSAB AB
20.4.7.1. Overview
20.4.7.2. Product Portfolio
20.4.7.3. Plant clusters
20.4.7.4. Geographical Sales footprint
20.4.7.5. SWOT Analysis
20.4.8. Steel Technologies LLC
20.4.8.1. Overview
20.4.8.2. Product Portfolio
20.4.8.3. Plant clusters
20.4.8.4. Geographical Sales footprint
20.4.8.5. SWOT Analysis
20.4.9. Tata Steel Ltd
20.4.9.1. Overview
20.4.9.2. Product Portfolio
20.4.9.3. Plant clusters
20.4.9.4. Geographical Sales footprint
20.4.9.5. SWOT Analysis
20.4.10. ThyssenKrupp AG
20.4.10.1. Overview
20.4.10.2. Product Portfolio
20.4.10.3. Plant clusters
20.4.10.4. Geographical Sales footprint
20.4.10.5. SWOT Analysis
20.4.11. United States Steel Corporation
20.4.11.1. Overview
20.4.11.2. Product Portfolio
20.4.11.3. Plant clusters
20.4.11.4. Geographical Sales footprint
20.4.11.5. SWOT Analysis
21. Assumptions and Acronyms Used
22. Research Methodology
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Advanced High Strength Steel Market Forecast, Trend Analysis & Competition Tracking - Global Market Insights 2019 to 2029