Opportunities for global automotive AHSS to reach $27.0 billion by 2022 -USD 75,039

Publish Date: 14-02-2019 12:13:16 | Contact name: Lucintel | Location: USA | Place: Lucintel, 8951 Cypress Waters Blvd., Suite 160, Dallas, TX 75019 | 1 times displayed |



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



·
Others



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



·
Suspensions



·
Bumper and Intrusion Beams



·
Others



By Region (Value ($ Million) and Volume (Million lbs.)
from 2011 to 2022)



·
North America



o
US



o
Canada



o
Mexico



·
Europe



o
United Kingdom



o
Russia



o
France



o
Germany



o
Spain



·
Asia Pacific



o
India



o
China



o
Japan



o
Indonesia



o
South Korea



·
Rest of the World



o
Brazil



o
Argentina



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 helpdesk@lucintel.com. Lucintel
offerings include Mass
Transportation
, Transportation
Market Report
, Strategic
Growth Consulting
, Capital
Investment Analysis
and Due Diligence.





About Lucintel



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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