Automotive Steel Market Size By Process, By Product, By Vehicle, By Application, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022-2030

Description

The global automotive steel market is anticipated to grow at a commendable pace through 2030, driven by the escalating adoption of automotive light-weighting strategies. Steel remains the material of choice for vehicle lightweight applications.

The automotive industry has been reinventing to become more sustainable over recent years. Since a significant reduction in carbon dioxide emissions can be achieved through weight reductions, the demand for automotive body steel is expected to rise considerably.

Additionally, research and development activities on e-mobility and other automotive industry trends are gaining prominence. To cite an instance, in December 2020, a USD 10 million, 3,600 sq. m. facility was developed to drive ABB's future portfolio development and R&D projects for EVs, creating a favorable market outlook for automotive steel suppliers.

The automotive steel market is bifurcated in terms of process, product, vehicle, application, and region.

In terms of process, the automotive steel market is categorized into electric arc furnace (EAF) and basic oxygen furnace (BOF). The electric arc furnace (EAF) segment among these is slated to register a CAGR of over 3% through 2030.

EAF is emerging as an ideal way to recycle steel from scrap or old products to produce functional steel. As an alternative to ore-based raw material resources, valuable alloy steels and basic steel elements can be reused through the EAF process, which is beneficial from an environmental and economic perspective.

Based on product, the automotive steel industry is bifurcated into conventional HSS, low-strength steel, advanced high-strength steel, and others. Among these, the others segment is estimated to register a valuation worth more than USD 4,800 million by 2030.

With respect to vehicle type, the market is segmented into two-wheeler vehicles, heavy commercial vehicles, passenger vehicles, and light commercial vehicles. The two-wheeler vehicles segment is poised to depict a CAGR of 3.3% over the forecast period, owing to strong demand, especially in semi-urban and urban areas, as well as low costs of ownership.

With regards to application, the automotive steel industry is categorized into suspension, power train, body structure, and others. The suspension application segment is set to attain a valuation of more than USD 23,200 million by 2030. In vehicle suspension systems, the usage of auto steel can help meet the required strength to meet the performance and safety standards, without adding extra weight.

From a regional perspective, the Europe automotive steel industry is projected to depict a CAGR of 3% through 2030, driven by the implementation of stringent norms to curb carbon emissions.

In addition, the MEA (Middle East & Africa) is expected to register revenue worth over USD 3,500 by 2030, given a massive increase in luxury vehicle sales. For example, in April 2022, Lucid made a deal to sell 100,000 electric luxury vehicles to the Government of Saudi Arabia. This warrants a reasonable rise in demand for automotive steel in the region.

Product Code: 3310

Chapter 1 Methodology and Scope

1.1 Scope & definitions
1.2 Methodology and forecast parameters
1.3 Region-wise COVID-19 impact:
- 1.3.1 North America
- 1.3.2 Europe
- 1.3.3 Asia Pacific
- 1.3.4 Latin America
- 1.3.5 Middle East & Africa
1.4 Data sources
- 1.4.1 Secondary
  - 1.4.1.1 Paid sources
  - 1.4.1.2 Public sources
- 1.4.2 Primary
1.5 Industry Glossary

Chapter 2 Executive Summary

2.1 Automotive steel market 360 degree synopsis, 2018 - 2030
- 2.1.1 Business trends
- 2.1.2 Regional trends
- 2.1.3 Process trends
- 2.1.4 Product by application trends
- 2.1.5 Vehicle trends
- 2.1.6 Application trends

Chapter 3 Automotive Steel Industry Insights

3.1 Industry segmentation
3.2 Industry landscape, 2018 - 2030
- 3.2.1 Impact of Covid-19 outbreak
3.3 Industry ecosystem analysis
- 3.3.1 Raw material analysis
  - 3.3.1.1 Scrap steel
  - 3.3.1.2 Direct reduced iron (DRI)
  - 3.3.1.3 Hot Briquetted Iron (HBI)
  - 3.3.1.4 Pig Iron
  - 3.3.1.5 Hot Metal
- 3.3.2 Manufacturers
- 3.3.3 Distribution channel analysis
- 3.3.4 Profit margin trends
- 3.3.5 Value addition at each stage
- 3.3.6 Vendor matrix
  - 3.3.6.1 Key raw material suppliers
  - 3.3.6.2 Key product manufacturer
  - 3.3.6.3 Key end user
3.4 Regulatory landscape
- 3.4.1 U.S.
- 3.4.2 Europe
- 3.4.3 Asia Pacific
3.5 Pricing analysis (including COVID-19 impact)
- 3.5.1 Regional price trends
- 3.5.2 Product price trends
- 3.5.3 Cost structure analysis
  - 3.5.3.1 Manufacturing & equipment costs
  - 3.5.3.2 Raw material costs
  - 3.5.3.3 Distribution cost
  - 3.5.3.4 Operating cost
  - 3.5.3.5 R&D cost
  - 3.5.3.6 Miscellaneous cost
3.6 Technology landscape
3.7 Innovation & sustainability
3.8 Industry impact forces
- 3.8.1 Growth drivers
  - 3.8.1.1 Upsurge in demand of automobile around the world
  - 3.8.1.2 Increasing acceptance of lightweight steel in automobiles
  - 3.8.1.3 Stringent regulations for reducing fuel emissions
  - 3.8.1.4 The increasing adoption of EVs is likely to surge the industry proliferation
- 3.8.2 Industry pitfalls and challenges
  - 3.8.2.1 Availability of substitutes
  - 3.8.2.2 Price volatility and supply chain issues
3.9 Growth potential analysis, 2021
3.10 Competitive landscape
- 3.10.1 Top players analysis
- 3.10.2 Automotive steel mills overview, 2021
- 3.10.3 Key stakeholders
- 3.10.4 Strategy dashboard
3.11 Porter's analysis
- 3.11.1 Supplier power
- 3.11.2 Buyer power
- 3.11.3 Threat of new entrants
- 3.11.4 Threat of substitute
- 3.11.5 Industry rivalry
3.12 PESTEL analysis

Chapter 4 Automotive Steel Market, By Process

4.1 Automotive steel market share, by grade, 2021 & 2030
4.2 Basic Oxygen Furnace (BOF)
- 4.2.1 Market estimates and forecast, 2018 - 2030
- 4.2.2 Market estimates and forecast, by region, 2018 - 2030
4.3 Electric Arc Furnace (EAF)
- 4.3.1 Global Market estimates and forecast, 2018 - 2030
- 4.3.2 Market estimates and forecast, by region, 2018 - 2030

Chapter 5 Automotive Steel Market, Product By Application

5.1 Automotive steel market share, product by application, 2021 & 2030
5.2 Low Strength Steel
- 5.2.1 Market estimates and forecast, 2018 - 2030
- 5.2.2 Market estimate and forecast, by application 2018-2030
- 5.2.3 Market estimates and forecast, by region, 2018 - 2030
5.3 Conventional HSS
- 5.3.1 Market estimates and forecast, 2018 - 2030
- 5.3.2 Market estimate and forecast, by application 2018-2030
- 5.3.3 Market estimates and forecast, by region, 2018 - 2030
5.4 Advance High Strength Steel (AHSS)
- 5.4.1 Market estimates and forecast, 2018 - 2030
- 5.4.2 Market estimate and forecast, by application 2018-2030
- 5.4.3 Market estimates and forecast, by region, 2018 - 2030
5.5 Others
- 5.5.1 Market estimates and forecast, 2018 - 2030
- 5.5.2 Market estimate and forecast, by application 2018-2030
- 5.5.3 Market estimates and forecast, by region, 2018 - 2030

Chapter 6 Automotive Steel Market, By Vehicle

6.1 Automotive steel market share, by vehicle, 2021 & 2030
6.2 Passenger Vehicles
- 6.2.1 Market estimates and forecast, 2018 - 2030
- 6.2.2 Market estimates and forecast, by region, 2018 - 2030
6.3 Light Commercial Vehicles
- 6.3.1 Market estimates and forecast, 2018 - 2030
- 6.3.2 Market estimates and forecast, by region, 2018 - 2030
6.4 Heavy Commercial Vehicles
- 6.4.1 Market estimates and forecast, 2018 - 2030
- 6.4.2 Market estimates and forecast, by region, 2018 - 2030
6.5 Two-wheeler Vehicles
- 6.5.1 Market estimates and forecast, 2018 - 2030
- 6.5.2 Market estimates and forecast, by region, 2018 - 2030

Chapter 7 Automotive Steel Market, By Application

7.1 Automotive steel market share, by vehicle, 2021 & 2030
7.2 Body Structure
- 7.2.1 Market estimates and forecast, 2018 - 2030
- 7.2.2 Market estimates and forecast, by region, 2018 - 2030
7.3 Power Train
- 7.3.1 Market estimates and forecast, 2018 - 2030
- 7.3.2 Market estimates and forecast, by region, 2018 - 2030
7.4 Suspension
- 7.4.1 Market estimates and forecast, 2018 - 2030
- 7.4.2 Market estimates and forecast, by region, 2018 - 2030
7.5 Others
- 7.5.1 Market estimates and forecast, 2018 - 2030
- 7.5.2 Market estimates and forecast, by region, 2018 - 2030

Chapter 8 Automotive Steel Market, By Region

8.1 Automotive steel market share, by region, 2021 & 2030
8.2 North America
- 8.2.1 Market estimates and forecast, 2018 - 2030
- 8.2.2 Market estimates and forecast, by process, 2018 - 2030
- 8.2.3 Market estimates and forecast, by product by application, 2018 - 2030
- 8.2.4 Market estimates and forecast, by vehicle, 2018 - 2030
- 8.2.5 Market estimates and forecast, by application, 2018 - 2030
- 8.2.6 U.S.
  - 8.2.6.1 Market estimates and forecast, 2018 - 2030
  - 8.2.6.2 Market estimates and forecast, by process, 2018 - 2030
  - 8.2.6.3 Market estimates and forecast, by product by application, 2018 - 2030
  - 8.2.6.4 Market estimates and forecast, by vehicle, 2018 - 2030
  - 8.2.6.5 Market estimates and forecast, by application, 2018 - 2030
- 8.2.7 Canada
  - 8.2.7.1 Market estimates and forecast, 2018 - 2030
  - 8.2.7.2 Market estimates and forecast, by process, 2018 - 2030
  - 8.2.7.3 Market estimates and forecast, by product by application, 2018 - 2030
  - 8.2.7.4 Market estimates and forecast, by vehicle, 2018 - 2030
  - 8.2.7.5 Market estimates and forecast, by application, 2018 - 2030
8.3 Europe
- 8.3.1 Market estimates and forecast, 2018 - 2030
- 8.3.2 Market estimates and forecast, by process, 2018 - 2030
- 8.3.3 Market estimates and forecast, by product by application, 2018 - 2030
- 8.3.4 Market estimates and forecast, by vehicle, 2018 - 2030
- 8.3.5 Market estimates and forecast, by application, 2018 - 2030
- 8.3.6 Germany
  - 8.3.6.1 Market estimates and forecast, 2018 - 2030
  - 8.3.6.2 Market estimates and forecast, by process, 2018 - 2030
  - 8.3.6.3 Market estimates and forecast, by product by application, 2018 - 2030
  - 8.3.6.4 Market estimates and forecast, by vehicle, 2018 - 2030
  - 8.3.6.5 Market estimates and forecast, by application, 2018 - 2030
- 8.3.7 UK
  - 8.3.7.1 Market estimates and forecast, 2018 - 2030
  - 8.3.7.2 Market estimates and forecast, by process, 2018 - 2030
  - 8.3.7.3 Market estimates and forecast, by product by application, 2018 - 2030
  - 8.3.7.4 Market estimates and forecast, by vehicle, 2018 - 2030
  - 8.3.7.5 Market estimates and forecast, by application, 2018 - 2030
- 8.3.8 France
  - 8.3.8.1 Market estimates and forecast, 2018 - 2030
  - 8.3.8.2 Market estimates and forecast, by process, 2018 - 2030
  - 8.3.8.3 Market estimates and forecast, by product by application, 2018 - 2030
  - 8.3.8.4 Market estimates and forecast, by vehicle, 2018 - 2030
  - 8.3.8.5 Market estimates and forecast, by application, 2018 - 2030
- 8.3.9 Italy
  - 8.3.9.1 Market estimates and forecast, 2018 - 2030
  - 8.3.9.2 Market estimates and forecast, by process, 2018 - 2030
  - 8.3.9.3 Market estimates and forecast, by product by application, 2018 - 2030
  - 8.3.9.4 Market estimates and forecast, by vehicle, 2018 - 2030
  - 8.3.9.5 Market estimates and forecast, by application, 2018 - 2030
- 8.3.10 Spain
  - 8.3.10.1 Market estimates and forecast, 2018 - 2030
  - 8.3.10.2 Market estimates and forecast, by process, 2018 - 2030
  - 8.3.10.3 Market estimates and forecast, by product by application, 2018 - 2030
  - 8.3.10.4 Market estimates and forecast, by vehicle, 2018 - 2030
  - 8.3.10.5 Market estimates and forecast, by application, 2018 - 2030
8.4 Asia Pacific
- 8.4.1 Market estimates and forecast, 2018 - 2030
- 8.4.2 Market estimates and forecast, by process, 2018 - 2030
- 8.4.3 Market estimates and forecast, by product by application, 2018 - 2030
- 8.4.4 Market estimates and forecast, by vehicle, 2018 - 2030
- 8.4.5 Market estimates and forecast, by application, 2018 - 2030
- 8.4.6 China
  - 8.4.6.1 Market estimates and forecast, 2018 - 2030
  - 8.4.6.2 Market estimates and forecast, by process, 2018 - 2030
  - 8.4.6.3 Market estimates and forecast, by product by application, 2018 - 2030
  - 8.4.6.4 Market estimates and forecast, by vehicle, 2018 - 2030
  - 8.4.6.5 Market estimates and forecast, by application, 2018 - 2030
- 8.4.7 India
  - 8.4.7.1 Market estimates and forecast, 2018 - 2030
  - 8.4.7.2 Market estimates and forecast, by process, 2018 - 2030
  - 8.4.7.3 Market estimates and forecast, by product by application, 2018 - 2030
  - 8.4.7.4 Market estimates and forecast, by vehicle, 2018 - 2030
  - 8.4.7.5 Market estimates and forecast, by application, 2018 - 2030
- 8.4.8 Japan
  - 8.4.8.1 Market estimates and forecast, 2018 - 2030
  - 8.4.8.2 Market estimates and forecast, by process, 2018 - 2030
  - 8.4.8.3 Market estimates and forecast, by product by application, 2018 - 2030
  - 8.4.8.4 Market estimates and forecast, by vehicle, 2018 - 2030
  - 8.4.8.5 Market estimates and forecast, by application, 2018 - 2030
- 8.4.9 South Korea
  - 8.4.9.1 Market estimates and forecast, 2018 - 2030
  - 8.4.9.2 Market estimates and forecast, by process, 2018 - 2030
  - 8.4.9.3 Market estimates and forecast, by product by application, 2018 - 2030
  - 8.4.9.4 Market estimates and forecast, by vehicle, 2018 - 2030
  - 8.4.9.5 Market estimates and forecast, by application, 2018 - 2030
- 8.4.10 Indonesia
  - 8.4.10.1 Market estimates and forecast, 2018 - 2030
  - 8.4.10.2 Market estimates and forecast, by process, 2018 - 2030
  - 8.4.10.3 Market estimates and forecast, by product by application, 2018 - 2030
  - 8.4.10.4 Market estimates and forecast, by vehicle, 2018 - 2030
  - 8.4.10.5 Market estimates and forecast, by application, 2018 - 2030
8.5 Latin America
- 8.5.1 Market estimates and forecast, 2018 - 2030
- 8.5.2 Market estimates and forecast, by process, 2018 - 2030
- 8.5.3 Market estimates and forecast, by product by application, 2018 - 2030
- 8.5.4 Market estimates and forecast, by vehicle, 2018 - 2030
- 8.5.5 Market estimates and forecast, by application, 2018 - 2030
- 8.5.6 Brazil
  - 8.5.6.1 Market estimates and forecast, 2018 - 2030
  - 8.5.6.2 Market estimates and forecast, by process, 2018 - 2030
  - 8.5.6.3 Market estimates and forecast, by product by application, 2018 - 2030
  - 8.5.6.4 Market estimates and forecast, by vehicle, 2018 - 2030
  - 8.5.6.5 Market estimates and forecast, by application, 2018 - 2030
- 8.5.7 Mexico
  - 8.5.7.1 Market estimates and forecast, 2018 - 2030
  - 8.5.7.2 Market estimates and forecast, by process, 2018 - 2030
  - 8.5.7.3 Market estimates and forecast, by product by application, 2018 - 2030
  - 8.5.7.4 Market estimates and forecast, by vehicle, 2018 - 2030
  - 8.5.7.5 Market estimates and forecast, by application, 2018 - 2030
8.6 Middle East & Africa
- 8.6.1 Market estimates and forecast, 2018 - 2030
- 8.6.2 Market estimates and forecast, by process, 2018 - 2030
- 8.6.3 Market estimates and forecast, by product by application, 2018 - 2030
- 8.6.4 Market estimates and forecast, by vehicle, 2018 - 2030
- 8.6.5 Market estimates and forecast, by application, 2018 - 2030
- 8.6.6 South Africa
  - 8.6.6.1 Market estimates and forecast, 2018 - 2030
  - 8.6.6.2 Market estimates and forecast, by process, 2018 - 2030
  - 8.6.6.3 Market estimates and forecast, by product by application, 2018 - 2030
  - 8.6.6.4 Market estimates and forecast, by vehicle, 2018 - 2030
  - 8.6.6.5 Market estimates and forecast, by application, 2018 - 2030
- 8.6.7 Saudi Arabia
  - 8.6.7.1 Market estimates and forecast, 2018 - 2030
  - 8.6.7.2 Market estimates and forecast, by process, 2018 - 2030
  - 8.6.7.3 Market estimates and forecast, by product by application, 2018 - 2030
  - 8.6.7.4 Market estimates and forecast, by vehicle, 2018 - 2030
  - 8.6.7.5 Market estimates and forecast, by application, 2018 - 2030

Chapter 9 Company Profiles

9.1 ArcelorMittal
- 9.1.1 Business overview
- 9.1.2 Financial data
- 9.1.3 Product landscape
- 9.1.4 Strategic outlook
- 9.1.5 SWOT analysis
9.2 TATA Steel
- 9.2.1 Business overview
- 9.2.2 Financial data
- 9.2.3 Product landscape
- 9.2.4 Strategic outlook
- 9.2.5 SWOT analysis
9.3 China Steel Corporation
- 9.3.1 Business overview
- 9.3.2 Financial data
- 9.3.3 Product landscape
- 9.3.4 Strategic outlook
- 9.3.5 SWOT analysis
9.4 Hyundai Steel
- 9.4.1 Business overview
- 9.4.2 Financial data
- 9.4.3 Product landscape
- 9.4.4 Strategic outlook
- 9.4.5 SWOT analysis
9.5 United States Steel Corporation
- 9.5.1 Business overview
- 9.5.2 Financial data
- 9.5.3 Product landscape
- 9.5.4 Strategic outlook
- 9.5.5 SWOT analysis
9.6 JSW Group
- 9.6.1 Business overview
- 9.6.2 Financial data
- 9.6.3 Product landscape
- 9.6.4 Strategic outlook
- 9.6.5 SWOT analysis
9.7 POSCO
- 9.7.1 Business overview
- 9.7.2 Financial data
- 9.7.3 Product landscape
- 9.7.4 Strategic outlook
- 9.7.5 SWOT analysis
9.8 Nippon Steel & Sumitomo Metal Corporation
- 9.8.1 Business overview
- 9.8.2 Financial data
- 9.8.3 Product landscape
- 9.8.4 Strategic outlook
- 9.8.5 SWOT analysis
9.9 JFE Steel Corporation
- 9.9.1 Business overview
- 9.9.2 Financial data
- 9.9.3 Product landscape
- 9.9.4 Strategic outlook
- 9.9.5 SWOT analysis
9.10 NUCOR Corporation
- 9.10.1 Business overview
- 9.10.2 Financial data
- 9.10.3 Product landscape
- 9.10.4 Strategic outlook
- 9.10.5 SWOT analysis
9.11 Jindal Steel & Power.
- 9.11.1 Business overview
- 9.11.2 Financial data
- 9.11.3 Product landscape
- 9.11.4 Strategic outlook
- 9.11.5 SWOT analysis
9.12 Grow Ever Steel
- 9.12.1 Business overview
- 9.12.2 Financial data
- 9.12.3 Product landscape
- 9.12.4 Strategic outlook
- 9.12.5 SWOT analysis
9.13 HBIS Group
- 9.13.1 Business overview
- 9.13.2 Financial data
- 9.13.3 Product landscape
- 9.13.4 Strategic outlook
- 9.13.5 SWOT analysis
9.14 Outokumpu OYJ
- 9.14.1 Business overview
- 9.14.2 Financial data
- 9.14.3 Product landscape
- 9.14.4 Strategic outlook
- 9.14.5 SWOT analysis
9.15 Kobe Steel
- 9.15.1 Business overview
- 9.15.2 Financial data
- 9.15.3 Product landscape
- 9.15.4 Strategic outlook
- 9.15.5 SWOT analysis