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Opportunities For Global Automotive Ahss To Reach $27.0 Billion By 2022
According to a new market report published by Lucintel, the future of the global automotive AHSS market looks promising with opportunities in the passenger car and light commercial vehicle. The global automotive AHSS market is expected to reach an estimated $27.0 billion by 2022 and it is forecast to grow at a CAGR of 10.4% from 2017 to 2022. The major drivers of growth for this market are increasing vehicle production, reduction in fuel consumption, lower cost of AHSS materials than other lightweight materials and growing government regulations regarding CO2 emissions.
In this market, dual phase steel, martensitic steel, boron steel, and TRIP steel are some of the major segments of automotive AHSS. On the basis of its comprehensive research, Lucintel forecasts that the TRIP steel and boron steel segments are expected to show above average growth during the forecast period.
Within the global automotive AHSS market, the dual phase segment is expected to remain the largest market. Dual phase steel is most commonly used in the structural application where it has replaced the conventional high strength low alloy steel (HSLA). Dual phase steel has good potential for part weight reduction. It possesses good crash energy absorption and the ability to resist fatigue and improved formability, which would spur growth for this segment over the forecast period.
Europe is expected to remain the largest region due to the presence of the top three major luxury vehicle manufacturers, improvement in the economic conditions and increasing investment by the industry players within the Europe region.
Europe and Asia Pacific are expected to witness significant growth over the forecast period because of rapidly increasing demand of AHSS for auto part manufacturing.
Emerging trends, which have a direct impact on the dynamics of the industry include the introduction of pre-oxidation for galvanizing AHSS and development of third generation AHSS. ArcelorMittal SA, ThyssenKrupp AG, POSCO, SSAB AB, and AK Steel are the major AHSS suppliers in the global automotive AHSS market.
Lucintel, a leading global strategic consulting and market research firm, has analyzed growth opportunities in the global automotive AHSS market by product type, vehicle type, application type and region, and has compiled a comprehensive research report entitled “Growth Opportunities in the Global Automotive AHSS Market 2017-2022: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy, as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the growth opportunities in the global automotive AHSS market by product type, vehicle type, application type and region, as follows:
By Product types (Value ($ Million) and Volume (Million lbs.) from 2011 to 2022)
• Dual Phase Steel
• Martensitic Steel
• Boron Steel
• TRIP Steel
By Vehicle types (Value ($ Million) and Volume (Million lbs.) from 2011 to 2022)
• Passenger Cars
• Light Commercial Vehicle
By Application types (Value ($ Million) and Volume (Million lbs.) from 2011 to 2022)
• Body and Closures
• Bumper and Intrusion Beams
By Region (Value ($ Million) and Volume (Million lbs.) from 2011 to 2022)
• North America
o United Kingdom
• Asia Pacific
o South Korea
• Rest of the World
This 252-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or firstname.lastname@example.org. Lucintel offerings include Mass Transportation, Transportation Market Report, Strategic Growth Consulting, Capital Investment Analysis and Due Diligence.
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q. 1. What are some of the most promising, high-growth opportunities for the automotive AHSS market by product type (Dual phase steel, Martensitic Steel, Boron steel, TRIP and Others), vehicle type (Passenger cars and Light commercial vehicle), application type (Body and Closures, Suspensions, Bumper and Intrusion Beams and Others) and region (North America, Europe, Asia Pacific, and Rest of the World)?
Q. 2. Which segments will grow at a faster pace and why?
Q. 3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the drivers, challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by materials / product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what is its impact on the industry?
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