The global automotive steel market is expected to reach USD 130.07 billion by 2025, according to a new report by Radiant Insights, Inc. is expected to witness a CAGR of 3.2% over the forecast period. Growing automotive production in Asia Pacific countries is likely to drive the market.
Expansion of production facilities coupled with growing demand in the Asia Pacific are the key factors in the growth of regional automobile sector. In 2018, automotive production in countries including Thailand, Malaysia, Indonesia, and India has observed a significant growth in the production of vehicles.
Growing demand for electric vehicles is another factor which is projected to create a positive impact on the demand for steel products. As per the International Energy Agency, over 1 million cars were sold in 2017 in the global market while China accounted for more than 50% sales. European countries including Norway, Iceland, and Sweden accounted for the highest market share for electric vehicles sales in 2017.
Download Free Sample Report @ https://www.radiantinsights.com/research/automotive-steel-market/request-sample
Europe is among the world’s largest producers of vehicles; the automotive industry in Europe accounts for 6.8% of its GDP. Automotive sector is the largest private investor in automotive research & development (R&D) with the support of the European Commission. Reduced CO2 emission and improved fuel economy are the key factors leading to the development of lightweight chassis components in the region.
China is the largest producer of vehicles worldwide. Passenger vehicles segment is anticipated to witness lucrative growth in terms of sales over the coming years. Attracted by the significant development of small and micro car segments, various global brands are involved in the expansion of their product lines in these segments.
Leading steel companies are heavily focused on the development of new grades of advanced high-strength steel with high strength. This will assist in the manufacturing of lighter and thinner components with safety features. Steel companies have collaborated with research institutes and global universities in order to develop special and advanced grades of steel for automobile use.
Introduction of new emission regulations is anticipated to create a short term impact on the market. For instance, recently in India BS-VI emission norms were introduced. This is likely to cause changes and disruption in the industry for short term period. However, this also brings new opportunities for automotive steel market vendors.
Further key findings from the report suggest:
• In terms of revenue, body structure held highest market share of 34.0% in 2018. The growth in this segment is attributed to stringent regulations related with safety of vehicles.
• In terms of volume, power train segment is projected to grow at CAGR of 2.6% during forecast period. Reduction in power train weight using light steel materials is anticipated to remain key focus area over the coming years.
• In terms of volume, passenger vehicles accounted for 73.0% of share in 2018. Increasing production of passenger cars supported by growing income levels is projected to contribute to the growth of the automotive steel market.
• Asia Pacific accounted held highest market share in 2018 and likely to maintain its position during forecast period on account of large-scale automotive production in India and China.
• In terms of volume, Europe is projected to grow at a CAGR of 2.2% from 2019 to 2025. Improvement in fuel efficiency and weight reduction in vehicles are projected to remain key growth factors for market vendors.
• ArcelorMittal S.A., Hyundai Steel Co. Ltd., Tata Steel Ltd., Nucor Corporation, Nippon Steel & Sumitomo Metal Corporation and POSCO are some of the leading market participants in the industry. These players are looking for new opportunities through development of innovative alloys and new materials.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/automotive-steel-market
Table of Contents
Chapter 1 Methodology and Scope
1.1 Market segmentation & scope
1.2 Market definition
1.3 List of data sources
1.4 Information procurement
1.5 Information analysis
1.6 Market formulation & data visualization
1.7 Data validation & publishing
Chapter 2 Executive Summary
2.1 Market outlook
2.2 Segmental outlook
2.3 Competitive Insights
Chapter 3 Automotive Steel Market Variables, Trends, & Scope
3.1 Market outlook
3.1.1 Global steel market
3.2 Penetration & growth prospect mapping
3.3 Industry value chain analysis
3.3.1 Manufacturing trends
3.3.2 Sales channel analysis
3.3.3 Vendor selection criteria analysis
3.3.4 Raw material & technology trends
3.4 Regulatory framework
3.4.1 Product classification codes
3.4.2 Safety
3.5 Market Dynamics
3.5.1 Market Driver Analysis
3.5.1.1 Growth in automotive industry
3.5.2 Market restraint analysis
3.5.2.1 U.S. tariffs on steel imports
Chapter 4 Automotive Steel Market: Vehicle Type Estimates & Trend Analysis
4.1 Definition & scope
4.2 Vehicle Type movement analysis & market share, 2018 & 2025
4.3 Passenger Vehicles
4.3.1 Market estimates and forecasts by passenger vehicles, 2014 - 2025 (Kilotons) (USD million)
4.4 Light Commercial Vehicle (LCV)
4.4.1 Market estimates and forecasts by light commercial vehicle (LCV), 2014 - 2025 (Kilotons) (USD million)
4.5 Heavy Commercial Vehicles (HCV)
4.5.1 Market estimates and forecasts by heavy commercial vehicles (HCV), 2014 - 2025 (Kilotons) (USD million)
Chapter 5 Automotive Steel Market: Application Estimates & Trend Analysis
5.1 Definition & scope
5.2 Application movement analysis & market share, 2018 & 2025
5.3 Body Structure
5.3.1 Market estimates and forecasts by body structure, 2014 - 2025 (Kilotons) (USD million)
5.4 Power Train
5.4.1 Market estimates and forecasts by power train, 2014 - 2025 (Kilotons) (USD million)
5.5 Suspension
5.5.1 Market estimates and forecasts by suspension 2014 - 2025 (Kilotons) (USD million)
5.6 Others
5.6.1 Market estimates and forecasts by other applications , 2014 - 2025 (Kilotons) (USD million)
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/automotive
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
Expansion of production facilities coupled with growing demand in the Asia Pacific are the key factors in the growth of regional automobile sector. In 2018, automotive production in countries including Thailand, Malaysia, Indonesia, and India has observed a significant growth in the production of vehicles.
Growing demand for electric vehicles is another factor which is projected to create a positive impact on the demand for steel products. As per the International Energy Agency, over 1 million cars were sold in 2017 in the global market while China accounted for more than 50% sales. European countries including Norway, Iceland, and Sweden accounted for the highest market share for electric vehicles sales in 2017.
Download Free Sample Report @ https://www.radiantinsights.com/research/automotive-steel-market/request-sample
 |
| Automotive Steel Market |
Europe is among the world’s largest producers of vehicles; the automotive industry in Europe accounts for 6.8% of its GDP. Automotive sector is the largest private investor in automotive research & development (R&D) with the support of the European Commission. Reduced CO2 emission and improved fuel economy are the key factors leading to the development of lightweight chassis components in the region.
China is the largest producer of vehicles worldwide. Passenger vehicles segment is anticipated to witness lucrative growth in terms of sales over the coming years. Attracted by the significant development of small and micro car segments, various global brands are involved in the expansion of their product lines in these segments.
Leading steel companies are heavily focused on the development of new grades of advanced high-strength steel with high strength. This will assist in the manufacturing of lighter and thinner components with safety features. Steel companies have collaborated with research institutes and global universities in order to develop special and advanced grades of steel for automobile use.
Introduction of new emission regulations is anticipated to create a short term impact on the market. For instance, recently in India BS-VI emission norms were introduced. This is likely to cause changes and disruption in the industry for short term period. However, this also brings new opportunities for automotive steel market vendors.
Further key findings from the report suggest:
• In terms of revenue, body structure held highest market share of 34.0% in 2018. The growth in this segment is attributed to stringent regulations related with safety of vehicles.
• In terms of volume, power train segment is projected to grow at CAGR of 2.6% during forecast period. Reduction in power train weight using light steel materials is anticipated to remain key focus area over the coming years.
• In terms of volume, passenger vehicles accounted for 73.0% of share in 2018. Increasing production of passenger cars supported by growing income levels is projected to contribute to the growth of the automotive steel market.
• Asia Pacific accounted held highest market share in 2018 and likely to maintain its position during forecast period on account of large-scale automotive production in India and China.
• In terms of volume, Europe is projected to grow at a CAGR of 2.2% from 2019 to 2025. Improvement in fuel efficiency and weight reduction in vehicles are projected to remain key growth factors for market vendors.
• ArcelorMittal S.A., Hyundai Steel Co. Ltd., Tata Steel Ltd., Nucor Corporation, Nippon Steel & Sumitomo Metal Corporation and POSCO are some of the leading market participants in the industry. These players are looking for new opportunities through development of innovative alloys and new materials.
Browse Full Research Report with TOC @ https://www.radiantinsights.com/research/automotive-steel-market
Table of Contents
Chapter 1 Methodology and Scope
1.1 Market segmentation & scope
1.2 Market definition
1.3 List of data sources
1.4 Information procurement
1.5 Information analysis
1.6 Market formulation & data visualization
1.7 Data validation & publishing
Chapter 2 Executive Summary
2.1 Market outlook
2.2 Segmental outlook
2.3 Competitive Insights
Chapter 3 Automotive Steel Market Variables, Trends, & Scope
3.1 Market outlook
3.1.1 Global steel market
3.2 Penetration & growth prospect mapping
3.3 Industry value chain analysis
3.3.1 Manufacturing trends
3.3.2 Sales channel analysis
3.3.3 Vendor selection criteria analysis
3.3.4 Raw material & technology trends
3.4 Regulatory framework
3.4.1 Product classification codes
3.4.2 Safety
3.5 Market Dynamics
3.5.1 Market Driver Analysis
3.5.1.1 Growth in automotive industry
3.5.2 Market restraint analysis
3.5.2.1 U.S. tariffs on steel imports
Chapter 4 Automotive Steel Market: Vehicle Type Estimates & Trend Analysis
4.1 Definition & scope
4.2 Vehicle Type movement analysis & market share, 2018 & 2025
4.3 Passenger Vehicles
4.3.1 Market estimates and forecasts by passenger vehicles, 2014 - 2025 (Kilotons) (USD million)
4.4 Light Commercial Vehicle (LCV)
4.4.1 Market estimates and forecasts by light commercial vehicle (LCV), 2014 - 2025 (Kilotons) (USD million)
4.5 Heavy Commercial Vehicles (HCV)
4.5.1 Market estimates and forecasts by heavy commercial vehicles (HCV), 2014 - 2025 (Kilotons) (USD million)
Chapter 5 Automotive Steel Market: Application Estimates & Trend Analysis
5.1 Definition & scope
5.2 Application movement analysis & market share, 2018 & 2025
5.3 Body Structure
5.3.1 Market estimates and forecasts by body structure, 2014 - 2025 (Kilotons) (USD million)
5.4 Power Train
5.4.1 Market estimates and forecasts by power train, 2014 - 2025 (Kilotons) (USD million)
5.5 Suspension
5.5.1 Market estimates and forecasts by suspension 2014 - 2025 (Kilotons) (USD million)
5.6 Others
5.6.1 Market estimates and forecasts by other applications , 2014 - 2025 (Kilotons) (USD million)
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/automotive
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
No comments:
Post a Comment