Automotive Advanced High Strength Steel (AHSS) Market Size, Share, Forecast Report, 2020-2027

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The report provides rational insights along with historical and forecast data to aid in better understanding of the Global Automotive Advanced High Strength Steel (AHSS) Market. The report provides a comprehensive analysis of key factors that are expected to drive the growth of the Automotive Advanced High Strength Steel (AHSS) market. This study also provides a detailed overview of the opportunities along with the current trends observed in the target market.

The global automotive AHSS (advanced high strength steel) market was valued at $12.80 billion in 2018, and is projected to reach $33.85 billion by 2026, registering a CAGR of 13.1%. North America was the highest revenue contributor, accounting for $4.63 billion in 2018, and is estimated to reach $11.52 billion by 2026, with a CAGR of 12.2%. Asia-Pacific is estimated to reach $10.91 billion by 2026, at a significant CAGR of 14.9%. North America and Asia-Pacific collectively accounted for around 64.6% share in 2018, with the former constituting around 36.2% share. Asia-Pacific and Europe are expected to witness considerable CAGRs of 14.9% and 14.1%, respectively, during the forecast period. The cumulative share of these two segments was 49.9% in 2018 and is anticipated to reach 55.4% by 2026.

Advanced high strength steel is a special form of steel, which has a wide application in the automotive industry due to various features such as its microstructures and high tensile strength. It is a new generation of steel grade, which possesses ultrahigh strength and is widely applicable in automobile and other industries such as construction. In the automotive industry, the adoption of AHSS allows automakers and engineers to ensure complete safety, efficiency, manufacturability, durability, and quality of vehicle at a significantly low cost.

The report covers major players operating in the market along with the key strategies implemented to achieve a competitive edge against a majority of the vendors which provides a competitive outlook of the industry. The competitive landscape further includes details about different players and their position on a global and a local level is also explained in detail in this compiled study. These insights were prepared through mapping business strategies and products that offer high revenue generation capacities. Key players of the global Automotive Advanced High Strength Steel (AHSS) market are included as given below:

� AK Steel Holding Corporation

� ArcelorMittal SA

� Baoshan Iron & Steel Co. Ltd.

� Kobe Steel Ltd.

� Nucor

� POSCO

� SSAB AB

� Tata Steel Ltd.

� ThyssenKrupp AG

� United Steel Corporation.

The global Automotive Advanced High Strength Steel (AHSS) market has been segmented as below:

By Product

� Dual Phase

� TRIP

� Complex Phase

� Others

By Application

� Structural Assembly & Closures

� Bumpers

� Suspension

� Others

By Vehicle Type

� Passenger Vehicles

� Commercial Vehicles

By Region

� North America

o U.S.

o Canada

o Mexico

� Europe

o Germany

o France

o UK

o Italy

o Rest of Europe

� Asia-Pacific

o China

o Japan

o India

o South Korea

o Rest of Asia-Pacific

� LAMEA

o Latin America

o Middle East

o Africa

Reasons to Purchase this Report:

Estimates Automotive Advanced High Strength Steel (AHSS) development trends with SWOT analysis

� Detailed business profiles including product offerings, recent developments, key financial information, and strategies employed by main market players

� Analysis of various regions and countries that includes the demand and supply based actions, which consequently have a major influence on the market's expansion

� Market dynamics scenario, along with growth opportunities for players in the years to come

� Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the mentioned forecast period

� Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects