Global Automotive Steel Market Report 2024

Automotive Steel Global Market Report 2024 – By Component (Mild Steel, Alloy Steel, High Strength Steel, Advanced High Strength), By Process (Basic Oxygen Furnace (BOF), Electric Arc Furnace (EAF)), By Application (Body structure, Power train, Suspension, Other Applications), By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles) – Market Size, Trends, And Global Forecast 2024-2033

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Automotive Steel Global Market Report 2023

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Description Table Of Contents Tables & Figures Market Insights Related Reports

Automotive Steel Market Definition And Segments

Automotive steel refers to the different types of steel that is used in manufacturing of various vehicle components. It usually requires raw materials such as iron ore and coal to melt in a blast furnace to produce molten iron. The iron ore is subsequently refined and alloyed with additional elements to produce suitable quality steel.

The main components of automotive steel are mild steel, alloy steel, high strength steel, and advanced high strength steel. Mild steel is a kind of carbon steel with low carbon content and is easily formable, and is used in applications such as construction, automotive, and general engineering. It is prepared by basic oxygen furnace (BOF), and electric arc furnace (EAF) processes for various applications including body structure, power train, suspension, and others. It is used for passenger vehicles, light commercial vehicles, and heavy commercial vehicles.

The automotive steel market covered in this report is segmented –

1) By Component: Mild Steel, Alloy Steel, High Strength Steel, Advanced High Strength

2) By Process: Basic Oxygen Furnace (BOF), Electric Arc Furnace (EAF)

3) By Application: Body structure, Power train, Suspension, Other Applications

4) By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles

The automotive steel market size has grown steadily in recent years. It will grow from $111.82 billion in 2023 to $117.38 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to vehicle production and sales, weight and fuel efficiency concerns, safety and crashworthiness requirements, cost-effectiveness and affordability, recyclability, and sustainability.

The automotive steel market size is expected to see strong growth in the next few years. It will grow to $142.78 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to global automotive industry growth, stringent emission regulations, electric vehicle manufacturing, innovation in steel alloys, integration in advanced manufacturing techniques. Major trends in the forecast period include increased interest in tailored blanks, integration of third-generation advanced high-strength steel (3gahss), collaboration for innovation, focus on sustainable steel production, integration of smart manufacturing technologies, globalization of supply chains.

Rising Demand For Automobiles Drives The Automotive Steel Market

The rising demand for automobiles is expected to propel the growth of the automotive steel market going forward. Automobiles are self-propelled vehicles meant to transport passengers or cargo on roadways. Automotive steel is increasingly being used in automobile manufacturing as it allows automakers to reduce overall vehicle weight, can improve fuel efficiency, reduce emissions and durability. For instance, in 2022, according to the International Organization of Motor Vehicle Manufacturers (OICA), a France-based international trade association, the global production of motor vehicles, including cars, trucks, and buses, reached 85,016,728 million units in 2022, up from 80,145,988 million units in 2021. Furthermore, in March 2022, according to a report published by the European Automobile Manufacturers' Association (ACEA), the main lobbying and standards group for the automobile industry in the European Union, sales of passenger cars in the US increased by 5.5% from 2020 to 11.9 million units in 2021. Therefore, rising demand for automobiles is driving the growth of the automotive steel market.

Increasing Demand For Commercial Vehicles Drives The Automotive Steel Market

The increasing demand for commercial vehicles is expected to propel the growth of the automotive steel market going forward. Commercial vehicles are motor vehicles used primarily for business purposes, including trucks, vans, and buses, designed, and utilized for the transportation of goods, passengers, or the provision of services. Higher demand for commercial vehicles can lead to increased demand for automotive steel, where it is used extensively in body structures, power trains, and suspensions. For example, in July 2022, according to Pandaily, a China-based tech media, the sales volume of commercial vehicles in China was reported to be 168,000, which represented a year-on-year increase of 49.4%. Therefore, the increasing demand for commercial vehicles positively impacting the growth of the automotive steel market during the forecast period.

Major companies operating in the automotive steel market report are ArcelorMittal SA, Tata Iron and Steel Company Limited, Hyundai Steel Co. Ltd., United States Steel Corp., JSW Steel Ltd., Pohang Iron and Steel Company, Nippon Steel Corporation, JFE Steel Corporation, Nucor Corporation, Thyssenkrupp Steel Europe AG, China Baowu Steel Group Corp. Ltd., Hesteel Group Company Limited, Kobe Steel Ltd., Jindal Steel and Power Limited, Grow Ever Steel Pvt. Ltd., Outokumpu Oyj, Baosteel Group Corporation, China Steel Corporation, Gerdau S.A., Essar Gujarat Limited, AK Steel Holding Corporation, Steel Authority of India Limited, Wuhan Iron and Steel Corporation, Maanshan Iron & Steel Company Limited, Shougang Corporation, Ansteel Group Corporation Limited, HBIS Group Co. Ltd., Shandong Iron and Steel Group Co. Ltd., Jiangsu Shagang Group Co. Ltd., Valin Holdings Group Co. Ltd., Benxi Steel Group Corporation Limited, China Minmetals Corporation, China National Chemical Corporation .

Innovative Product Developments

Product innovation is a key trend gaining popularity in the automotive steel market. Major companies operating in the automotive steel market are developing innovative products to strengthen their position in the market. For instance, in June 2022, Gestamp, a Spain-based automotive engineering company, in collaboration with SSAB, a Sweden-based steel industry company developed Docol1000CP steel, which has a significantly higher strength (1000 Mpa) than conventionally used grades. Docol1000CP is a new steel with high strength, lighter in weight, more environmentally friendly, and is used to manufacture chassis parts for the Toyota Yaris. The unique features of Docol 1000CP help to produce lighter parts and it offers a very positive behavior against fatigue.

Strategic Partnerships And Collaborations Among Market Players

Companies in the automotive steel market are increasingly focusing on strategic partnerships and collaborations to improve their financial strength, strengthen their product portfolio and expand their geographical presence. Strategic partnerships refer to a process in which companies leverage each other's strengths and resources to achieve mutual benefits and success. For example, in June 2023, Outokumpu, a Finland-based manufacturer of stainless steel, partnered with Thyssenkrupp Materials Processing Europe, a Germany-based steel processing company, and Boysen Group, a Germany-based exhaust system manufacturer, to introduce the world’s first towards-zero stainless steel to the automotive industry. The collaboration aims to supply larger quantities of Outokumpu’s Circle Green product to the automotive industry starting in the second half of 2023. Further, the partnership represents a significant milestone in the pursuit of a low-emission automotive industry. The collaboration involves material supply, processing, and just-in-time delivery to enable more sustainable supply chains in the automotive industry. The use of Circle Green stainless steel sets a global precedent for low emissions throughout the production chain.

Kloeckner Metals Corporation (KMC) Acquired National Material Of Mexico (NMM)

In August 2023, Kloeckner Metals Corporation (KMC), a US-based producer and distributor of steel and metal products, acquired National Material of Mexico (NMM) for an undisclosed amount. The acquisition of NMM enables KMC to significantly expand its footprint in Mexico and increase its presence where key automotive and industrial customers are located. National Material of Mexico (NMM) is a Mexico-based independent service center and materials supplier, including automotive steel, serving automotive and industrial.

Asia-Pacific was the largest region in the automotive steel market in 2023. The regions covered in the automotive steel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the automotive steel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Canada, Italy, Spain.

The automotive steel market consists of sale of wheel rims, exhaust pipes, bushings, bearings, exhaust systems, radiators, and automobile frames. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

The automotive steel market research report is one of a series of new reports from The Business Research Company that provides automotive steel market statistics, including automotive steel industry global market size, regional shares, competitors with a automotive steel market share, detailed automotive steel market segments, market trends, and opportunities, and any further data you may need to thrive in the automotive steel industry. This automotive steel market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

Automotive Steel Market Report Scope
Report AttributeDetails
Market Size Value In 2024 $117.38 billion
Revenue Forecast In 2033 $142.78 billion
Growth Rate CAGR of 5% from 2024 to 2033
Base Year For Estimation 2023
Actual Estimates/Historical Data 2018-2023
Forecast Period 2024 - 2028 - 2033
Market Representation Revenue in USD Billion and CAGR from 2024 to 2033
Segments Covered 1) By Component: Mild Steel, Alloy Steel, High Strength Steel, Advanced High Strength
2) By Process: Basic Oxygen Furnace (BOF), Electric Arc Furnace (EAF)
3) By Application: Body structure, Power train, Suspension, Other Applications
4) By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles
Regional Scope Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Country Scope Australia; China; India; Indonesia; Japan; South Korea; Bangladesh; Thailand; Vietnam; Malaysia; Singapore; Philippines; Hong Kong; New Zealand; USA; Canada; Mexico; Brazil; Chile; Argentina; Colombia; Peru; France; Germany; UK; Austria; Belgium; Denmark; Finland; Ireland; Italy; Netherlands; Norway; Portugal; Spain; Sweden; Switzerland; Russia; Czech Republic; Poland; Romania; Ukraine; Saudi Arabia; Israel; Iran; Turkey; UAE; Egypt; Nigeria; South Africa
Key Companies Profiled ArcelorMittal SA; Tata Iron and Steel Company Limited; Hyundai Steel Co. Ltd.; United States Steel Corp.; JSW Steel Ltd.; Pohang Iron and Steel Company; Nippon Steel Corporation; JFE Steel Corporation; Nucor Corporation; Thyssenkrupp Steel Europe AG; China Baowu Steel Group Corp. Ltd.; Hesteel Group Company Limited; Kobe Steel Ltd.; Jindal Steel and Power Limited; Grow Ever Steel Pvt. Ltd.; Outokumpu Oyj; Baosteel Group Corporation; China Steel Corporation; Gerdau S.A.; Essar Gujarat Limited; AK Steel Holding Corporation; Steel Authority of India Limited; Wuhan Iron and Steel Corporation; Maanshan Iron & Steel Company Limited; Shougang Corporation; Ansteel Group Corporation Limited; HBIS Group Co. Ltd.; Shandong Iron and Steel Group Co. Ltd.; Jiangsu Shagang Group Co. Ltd.; Valin Holdings Group Co. Ltd.; Benxi Steel Group Corporation Limited; China Minmetals Corporation; China National Chemical Corporation
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    Table Of Contents

    1. Executive Summary

    2. Automotive Steel Market Characteristics

    3. Automotive Steel Market Trends And Strategies

    4. Automotive Steel Market - Macro Economic Scenario

    4.1. Impact Of High Inflation On the Market

    4.2. Ukraine-Russia War Impact On the Market

    4.3. COVID-19 Impact On the Market

    5. Global Automotive Steel Market Size and Growth

    5.1. Global Automotive Steel Market Drivers and Restraints

    5.1.1. Drivers Of The Market

    5.1.2. Restraints Of The Market

    5.2. Global Automotive Steel Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)

    5.3. Global Automotive Steel Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

    6. Automotive Steel Market Segmentation

    6.1. Global Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Mild Steel

    Alloy Steel

    High Strength Steel

    Advanced High Strength

    6.2. Global Automotive Steel Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Basic Oxygen Furnace (BOF)

    Electric Arc Furnace (EAF)

    6.3. Global Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Passenger Vehicles

    Light Commercial Vehicles

    Heavy Commercial Vehicles

    6.4. Global Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    Body structure

    Power train

    Suspension

    Other Applications

    Advanced High Strength

    7. Automotive Steel Market Regional And Country Analysis

    7.1. Global Automotive Steel Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    7.2. Global Automotive Steel Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8. Asia-Pacific Automotive Steel Market  

    8.1. Asia-Pacific Automotive Steel Market Overview  

    Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies

    8.2. Asia-Pacific Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.3. Asia-Pacific Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    8.4. Asia-Pacific Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    9. China Automotive Steel Market  

    9.1. China Automotive Steel Market Overview  

    9.2. China Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.3. China Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    9.4. China Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

    10. India Automotive Steel Market  

    10.1. India Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.2. India Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    10.3. India Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11. Japan Automotive Steel Market  

    11.1. Japan Automotive Steel Market Overview  

    11.2. Japan Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.3. Japan Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    11.4. Japan Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12. Australia Automotive Steel Market  

    12.1. Australia Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.2. Australia Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    12.3. Australia Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13. Indonesia Automotive Steel Market  

    13.1. Indonesia Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.2. Indonesia Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    13.3. Indonesia Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14. South Korea Automotive Steel Market  

    14.1. South Korea Automotive Steel Market Overview  

    14.2. South Korea Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.3. South Korea Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    14.4. South Korea Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15. Western Europe Automotive Steel Market  

    15.1. Western Europe Automotive Steel Market Overview

    15.2. Western Europe Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.3. Western Europe Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    15.4. Western Europe Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16. UK Automotive Steel Market  

    16.1. UK Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.2. UK Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    16.3. UK Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17. Germany Automotive Steel Market  

    17.1. Germany Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.2. Germany Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    17.3. Germany Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18. France Automotive Steel Market  

    18.5. France Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.6. France Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    18.7. France Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19. Italy Automotive Steel Market  

    19.9. Italy Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.10. Italy Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    19.11. Italy Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20. Spain Automotive Steel Market  

    20.13. Spain Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.14. Spain Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    20.15. Spain Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21. Eastern Europe Automotive Steel Market  

    21.1. Eastern Europe Automotive Steel Market Overview

    21.2. Eastern Europe Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.3. Eastern Europe Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    21.4. Eastern Europe Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22. Russia Automotive Steel Market  

    22.1. Russia Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.2. Russia Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    22.3. Russia Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23. North America Automotive Steel Market  

    23.1. North America Automotive Steel Market Overview

    23.2. North America Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.3. North America Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    23.4. North America Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24. USA Automotive Steel Market  

    24.1. USA Automotive Steel Market Overview

    24.2. USA Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.3. USA Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    24.4. USA Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25. Canada Automotive Steel Market  

    25.1. Canada Automotive Steel Market Overview

    25.2. Canada Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.3. Canada Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    25.4. Canada Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26. South America Automotive Steel Market  

    26.1. South America Automotive Steel Market Overview

    26.2. South America Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.3. South America Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    26.4. South America Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27. Brazil Automotive Steel Market  

    27.1. Brazil Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.2. Brazil Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    27.3. Brazil Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28. Middle East Automotive Steel Market  

    28.1. Middle East Automotive Steel Market Overview

    28.2. Middle East Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.3. Middle East Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    28.4. Middle East Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29. Africa Automotive Steel Market  

    29.1. Africa Automotive Steel Market Overview

    29.2. Africa Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.3. Africa Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    29.4. Africa Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

    30. Automotive Steel Market Competitive Landscape And Company Profiles

    30.1. Automotive Steel Market Competitive Landscape

    30.2. Automotive Steel Market Company Profiles

    30.2.1. Advanced High Strength

    30.2.1.1. Overview

    30.2.1.2. Products and Services

    30.2.1.3. Strategy

    30.2.1.4. Financial Performance

    30.2.2. ArcelorMittal SA

    30.2.2.1. Overview

    30.2.2.2. Products and Services

    30.2.2.3. Strategy

    30.2.2.4. Financial Performance

    30.2.3. Tata Iron and Steel Company Limited

    30.2.3.1. Overview

    30.2.3.2. Products and Services

    30.2.3.3. Strategy

    30.2.3.4. Financial Performance

    30.2.4. Hyundai Steel Co. Ltd.

    30.2.4.1. Overview

    30.2.4.2. Products and Services

    30.2.4.3. Strategy

    30.2.4.4. Financial Performance

    30.2.5. United States Steel Corp.

    30.2.5.1. Overview

    30.2.5.2. Products and Services

    30.2.5.3. Strategy

    30.2.5.4. Financial Performance

    31. Global Automotive Steel Market Competitive Benchmarking

    32. Global Automotive Steel Market Competitive Dashboard

    33. Key Mergers And Acquisitions In The Automotive Steel Market

    34. Automotive Steel Market Future Outlook and Potential Analysis

    34.1 Automotive Steel Market In 2028 - Countries Offering Most New Opportunities

    34.2 Automotive Steel Market In 2028 - Segments Offering Most New Opportunities

    34.3 Automotive Steel Market In 2028 - Growth Strategies

    34.3.1 Market Trend Based Strategies

    34.3.2 Competitor Strategies

    35. Appendix

    35.1. Abbreviations

    35.2. Currencies

    35.3. Historic And Forecast Inflation Rates

    35.4. Research Inquiries

    35.5. The Business Research Company

    35.6. Copyright And Disclaimer

List Of Tables

    Table 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Table 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Table 3: Global Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 4: Global Automotive Steel Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 5: Global Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 6: Global Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 7: Global Automotive Steel Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 8: Global Automotive Steel Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 9: Asia-Pacific, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 10: Asia-Pacific, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 11: Asia-Pacific, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 12: China, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 13: China, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 14: China, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 15: India, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 16: India, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 17: India, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 18: Japan, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 19: Japan, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 20: Japan, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 21: Australia, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 22: Australia, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 23: Australia, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 24: Indonesia, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 25: Indonesia, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 26: Indonesia, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 27: South Korea, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 28: South Korea, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 29: South Korea, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 30: Western Europe, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 31: Western Europe, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 32: Western Europe, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 33: UK, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 34: UK, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 35: UK, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 36: Germany, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 37: Germany, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 38: Germany, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 39: France, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 40: France, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 41: France, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 42: Italy, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 43: Italy, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 44: Italy, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 45: Spain, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 46: Spain, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 47: Spain, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 48: Eastern Europe, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 49: Eastern Europe, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 50: Eastern Europe, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 51: Russia, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 52: Russia, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 53: Russia, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 54: North America, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 55: North America, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 56: North America, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 57: USA, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 58: USA, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 59: USA, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 60: Canada, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 61: Canada, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 62: Canada, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 63: South America, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 64: South America, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 65: South America, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 66: Brazil, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 67: Brazil, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 68: Brazil, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 69: Middle East, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 70: Middle East, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 71: Middle East, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 72: Africa, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 73: Africa, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 74: Africa, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Table 75: Advanced High Strength Financial Performance
  • Table 76: ArcelorMittal SA Financial Performance
  • Table 77: Tata Iron and Steel Company Limited Financial Performance
  • Table 78: Hyundai Steel Co. Ltd. Financial Performance
  • Table 79: United States Steel Corp. Financial Performance

List Of Figures

    Figure 1: Global Historic Market Growth, 2018-2023, $ Billion
  • Figure 2: Global Forecast Market Growth, 2023-2028F, 2033F, $ Billion
  • Figure 3: Global Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 4: Global Automotive Steel Market, Segmentation By Process, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 5: Global Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 6: Global Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 7: Global Automotive Steel Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 8: Global Automotive Steel Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 9: Asia-Pacific, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 10: Asia-Pacific, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 11: Asia-Pacific, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 12: China, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 13: China, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 14: China, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 15: India, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 16: India, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 17: India, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 18: Japan, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 19: Japan, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 20: Japan, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 21: Australia, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 22: Australia, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 23: Australia, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 24: Indonesia, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 25: Indonesia, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 26: Indonesia, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 27: South Korea, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 28: South Korea, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 29: South Korea, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 30: Western Europe, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 31: Western Europe, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 32: Western Europe, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 33: UK, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 34: UK, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 35: UK, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 36: Germany, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 37: Germany, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 38: Germany, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 39: France, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 40: France, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 41: France, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 42: Italy, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 43: Italy, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 44: Italy, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 45: Spain, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 46: Spain, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 47: Spain, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 48: Eastern Europe, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 49: Eastern Europe, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 50: Eastern Europe, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 51: Russia, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 52: Russia, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 53: Russia, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 54: North America, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 55: North America, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 56: North America, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 57: USA, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 58: USA, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 59: USA, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 60: Canada, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 61: Canada, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 62: Canada, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 63: South America, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 64: South America, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 65: South America, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 66: Brazil, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 67: Brazil, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 68: Brazil, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 69: Middle East, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 70: Middle East, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 71: Middle East, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 72: Africa, Automotive Steel Market, Segmentation By Component, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 73: Africa, Automotive Steel Market, Segmentation By Vehicle Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 74: Africa, Automotive Steel Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
  • Figure 75: Advanced High Strength Financial Performance
  • Figure 76: ArcelorMittal SA Financial Performance
  • Figure 77: Tata Iron and Steel Company Limited Financial Performance
  • Figure 78: Hyundai Steel Co. Ltd. Financial Performance
  • Figure 79: United States Steel Corp. Financial Performance
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Frequently Asked Questions

What is the definition of the automotive steel market?

Automotive steel refers to the different types of steel that is used in manufacturing of various vehicle components. It usually requires raw materials such as iron ore and coal to melt in a blast furnace to produce molten iron. The iron ore is subsequently refined and alloyed with additional elements to produce suitable quality steel. For further insights on the automotive steel market, request a sample here

How will the automotive steel market drivers and restraints affect the automotive steel market dynamics? What forces will shape the automotive steel industry going forward?

The automotive steel market major growth driver - rising demand for automobiles drives the automotive steel market. For further insights on the automotive steel market, request a sample here

What is the forecast market size or the forecast market value of the automotive steel market ?

The automotive steel market size has grown steadily in recent years. It will grow from $111.82 billion in 2023 to $117.38 billion in 2024 at a compound annual growth rate (CAGR) of 5.0%. The growth in the historic period can be attributed to vehicle production and sales, weight and fuel efficiency concerns, safety and crashworthiness requirements, cost-effectiveness and affordability, recyclability and sustainability.. The automotive steel market size is expected to see strong growth in the next few years. It will grow to $142.78 billion in 2028 at a compound annual growth rate (CAGR) of 5.0%. The growth in the forecast period can be attributed to global automotive industry growth, stringent emission regulations, electric vehicle manufacturing, innovation in steel alloys, integration in advanced manufacturing techniques.. Major trends in the forecast period include increased interest in tailored blanks, integration of third-generation advanced high-strength steel (3gahss), collaboration for innovation, focus on sustainable steel production, integration of smart manufacturing technologies, globalization of supply chains.. For further insights on the automotive steel market, request a sample here

How is the automotive steel market segmented?

The automotive steel market is segmented
1) By Component: Mild Steel, Alloy Steel, High Strength Steel, Advanced High Strength
2) By Process: Basic Oxygen Furnace (BOF), Electric Arc Furnace (EAF)
3) By Application: Body structure, Power train, Suspension, Other Applications
4) By Vehicle Type: Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial VehiclesFor further insights on the automotive steel market, request a sample here

Which region has the largest share of the automotive steel market? What are the other regions covered in the report?

Asia-Pacific was the largest region in the automotive steel market in 2023. The regions covered in the automotive steel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa For further insights on the automotive steel market, request a sample here.

Who are the major players in the automotive steel market?

Major companies operating in the automotive steel market report are ArcelorMittal SA, Tata Iron and Steel Company Limited, Hyundai Steel Co. Ltd., United States Steel Corp., JSW Steel Ltd., Pohang Iron and Steel Company, Nippon Steel Corporation, JFE Steel Corporation, Nucor Corporation, Thyssenkrupp Steel Europe AG, China Baowu Steel Group Corp. Ltd., Hesteel Group Company Limited, Kobe Steel Ltd., Jindal Steel and Power Limited, Grow Ever Steel Pvt. Ltd., Outokumpu Oyj, Baosteel Group Corporation, China Steel Corporation, Gerdau S.A., Essar Gujarat Limited, AK Steel Holding Corporation, Steel Authority of India Limited, Wuhan Iron and Steel Corporation, Maanshan Iron & Steel Company Limited, Shougang Corporation, Ansteel Group Corporation Limited, HBIS Group Co. Ltd., Shandong Iron and Steel Group Co. Ltd., Jiangsu Shagang Group Co. Ltd., Valin Holdings Group Co. Ltd., Benxi Steel Group Corporation Limited, China Minmetals Corporation, China National Chemical Corporation . For further insights on the automotive steel market, request a sample here.

What are the key trends in the automotive steel market?

Major trend in the automotive steel market - innovative product developments. For further insights on the automotive steel market, request a sample here.

What are the major opportunities in the automotive steel market? What are the strategies for the automotive steel market?

For detailed insights on the major opportunities and strategies in the automotive steel market, request a sample here.

How does the automotive steel market relate to the overall economy and other similar markets?

For detailed insights on automotive steel market's relation to the overall economy and other similar markets, request a sample here.

What are the latest mergers and acquisitions in the automotive steel industry?

For detailed insights on the mergers and acquisitions in the automotive steel industry, request a sample here.

What are the key dynamics influencing the automotive steel market growth? SWOT analysis of the automotive steel market.

For detailed insights on the key dynamics influencing the automotive steel market growth and SWOT analysis of the automotive steel industry, request a sample here.