Automotive AHSS Market share research by applications and regions for 2017-2024

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Automotive AHSS Market Price, Trends, Industry
Outlook Forecast 2017-2024
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Key Insights from Automotive AHSS Market

• Passenger cars are expected to exhibit highest
  revenue share till 2024. It can be attributed to
  the substantial vehicle production across the
  globe due to rising urbanization and increasing
  disposable income of the individuals. Increasing
  road safety concerns will further propel the
  industry growth.
• Rising need to enhance the safety features and
  fuel economy of the vehicles has provoked the
  OEMs for careful material selection for their
  products. Provision of benefits such as safety
  assurance, cost effectiveness, higher efficiency,
  and less emissions will positively impact the
  industry growth till 2024.
• Automotive AHSS market is segmented based on
  product into dual phase steel, martensitic steel,
  Boron steel, and TRIP steel. The dual phase steel
  is anticipated to dominate the industry over the
  forecast timeline owing to its high usage in the
  structural application as a replacement for
  traditional high strength low alloy steel (HSLA).

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Continued...

• Complexities in manufacturing process will pose a
  challenge for the industry participants over the
  coming years. Furthermore, common batch to batch
  inconsistency will negatively impact the
  automotive AHSS market growth. Large springback
  is witnessed as an issue for the manufacturers as
  it leads to dimensional inaccuracy, hampering the
  industry growth.
• Automotive AHSS market is segmented by vehicle
  type into passenger cars and light commercial
  vehicles. Passenger cars are expected to exhibit
  highest revenue share till 2024. It can be
  attributed to the substantial vehicle production
  across the globe due to rising urbanization and
  increasing disposable income of the individuals.

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Major Companies in Automotive AHSS Market

• ThyssenKrupp
• SSAB AB
• AK Steel
• POSCO
• ArcelorMittal SA
• Baoshan Iron Steel Co. Ltd.
• Tata Steel Ltd.
• United Steel Corporation

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Regional Insights in Automotive AHSS Market

• Europe is anticipated to dominate the industry
  till 2024. The high revenue generation can be
  attributed to presence of major luxury automobile
  OEMs in the region. Recovery of automobile
  sectors due to fostering economic growth across
  the region will further support the regional
  growth. Substantial investment by players in
  automotive AHSS market for increasing the
  production of AHSS.
• Europe automotive air intake manifold market
  growth is attributed to well-developed automotive
  infrastructure across the region coupled with
  presence of established players in the developed
  countries such as Germany. Moreover, rising
  production of passenger cars will escalate the
  regional growth.

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