Automotive Steel Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Application (Body Structure, Power Train, Suspension) and Geography

Report Code: TIPRE00008110 | No. of Pages: 150 | Category: Chemicals and Materials | Status: Upcoming

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MARKET OVERVIEW

Steel is widely used in the automotive industry because of its ability to provide safety and strength at a relatively lower price than other metals such as aluminum. On average, a vehicle contains 900 kg of steel, which is used significantly in the body structure and the drive train.

MARKET SCOPE

The "Global Automotive Steel Market Analysis to 2028" is a specialized and in-depth study of the chemical and materials industry with a special focus on the global market trend analysis. The report aims to provide an overview of the automotive steel market with detailed market segmentation by application and geography. The report provides key statistics on the market status of the leading automotive steel market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •   Based on application, the global automotive steel market is segmented into body structure, power train, and suspension.

MARKET DYNAMICS
Drivers:

  •   The rising production of vehicles globally is significantly driving the market growth.
  •   The rising use of steel in automotive due to its benefits such as it is very strong, stiff, and durable, which ensures safety and improves the way a car drives and handles. Additionally, it a desirable material for car bodies and chassis is significantly contributing to the expansion of the automotive steel market.
  •   Improvement and advancement in advanced high strength steels (AHSS) will create lucrative growth opportunities for automotive steel manufacturers.
  •   Rise in the research and development activities is also propelling the demand of aluminium steel.

Restraints:

  •   Introduction of lightweight aluminum is hampering the automotive steel market.



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REGIONAL FRAMEWORK


The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The automotive steel market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the marketduring the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive PEST analysis for all five regions namely; North America, Europe, APAC, MEA, and South America after evaluating political, economic, social and technological factors affecting the automotive steel market in these regions.

IMPACT OF COVID-19 ON AUTOMOTIVE STEEL MARKET

COVID-19 first began in Wuhan (China) during December 2019 and since then it has spread at a fast pace across the globe. The US, India, Brazil, Russia, France, the UK, Turkey, Italy, and Spain are some of the worst affected countries in terms confirmed cases and reported deaths. The COVID-19 pandemic has affected major chemicals and material industries, including automotive steel. Owing to the current pandemic situation, many companies in the automotive steel industry are experiencing limitations in manufacturing and production activities, as well as logistical problems as a result of ongoing trade restrictions. However, with opening several markets across the globe, vaccination development, and initiatives taken by various governments to support economic and industrial growth, the future demand of the automotive steel market is anticipated to grow at a positive and steady pace in the coming years.



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MARKET PLAYERS


The report covers key developments in the automotive steel market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the marketwere acquisitions, and partnership & collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from automotive steel market are anticipated to lucrative growth opportunities in the future with the rising demand for automotive steel in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the automotive steel market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   ArcelorMittal
  •   ChinaSteel
  •   HYUNDAI STEEL
  •   JFE Steel Corporation
  •   NIPPON STEEL & Sumitomo Metal Corporation
  •   Nucor Corporation
  •   POSCO
  •   Tata Steel
  •   United States Steel Corp
  •   Grow Ever Steel
The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.


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TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Automotive Steel Market - By Application
1.3.2 Automotive Steel Market - By Region
1.3.2.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. AUTOMOTIVE STEEL MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PEST ANALYSIS
4.2.1 North America - Pest Analysis
4.2.2 Europe - Pest Analysis
4.2.3 Asia-Pacific - Pest Analysis
4.2.4 Middle East and Africa - Pest Analysis
4.2.5 South and Central America - Pest Analysis
4.3. EXPERT OPINIONS

5. AUTOMOTIVE STEEL MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. AUTOMOTIVE STEEL MARKET - GLOBAL MARKET ANALYSIS
6.1. AUTOMOTIVE STEEL - GLOBAL MARKET OVERVIEW
6.2. AUTOMOTIVE STEEL - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING

7. AUTOMOTIVE STEEL MARKET - REVENUE AND FORECASTS TO 2028 - APPLICATION
7.1. OVERVIEW
7.2. APPLICATION MARKET FORECASTS AND ANALYSIS
7.3. BODY STRUCTURE
7.3.1. Overview
7.3.2. Body Structure Market Forecast and Analysis
7.4. POWER TRAIN
7.4.1. Overview
7.4.2. Power Train Market Forecast and Analysis
7.5. SUSPENSION
7.5.1. Overview
7.5.2. Suspension Market Forecast and Analysis

8. AUTOMOTIVE STEEL MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
8.1. NORTH AMERICA
8.1.1 North America Automotive Steel Market Overview
8.1.2 North America Automotive Steel Market Forecasts and Analysis
8.1.3 North America Automotive Steel Market Forecasts and Analysis - By Application
8.1.4 North America Automotive Steel Market Forecasts and Analysis - By Countries
8.1.4.1 United States Automotive Steel Market
8.1.4.1.1 United States Automotive Steel Market by Application
8.1.4.2 Canada Automotive Steel Market
8.1.4.2.1 Canada Automotive Steel Market by Application
8.1.4.3 Mexico Automotive Steel Market
8.1.4.3.1 Mexico Automotive Steel Market by Application
8.2. EUROPE
8.2.1 Europe Automotive Steel Market Overview
8.2.2 Europe Automotive Steel Market Forecasts and Analysis
8.2.3 Europe Automotive Steel Market Forecasts and Analysis - By Application
8.2.4 Europe Automotive Steel Market Forecasts and Analysis - By Countries
8.2.4.1 Germany Automotive Steel Market
8.2.4.1.1 Germany Automotive Steel Market by Application
8.2.4.2 France Automotive Steel Market
8.2.4.2.1 France Automotive Steel Market by Application
8.2.4.3 Italy Automotive Steel Market
8.2.4.3.1 Italy Automotive Steel Market by Application
8.2.4.4 United Kingdom Automotive Steel Market
8.2.4.4.1 United Kingdom Automotive Steel Market by Application
8.2.4.5 Russia Automotive Steel Market
8.2.4.5.1 Russia Automotive Steel Market by Application
8.2.4.6 Rest of Europe Automotive Steel Market
8.2.4.6.1 Rest of Europe Automotive Steel Market by Application
8.3. ASIA-PACIFIC
8.3.1 Asia-Pacific Automotive Steel Market Overview
8.3.2 Asia-Pacific Automotive Steel Market Forecasts and Analysis
8.3.3 Asia-Pacific Automotive Steel Market Forecasts and Analysis - By Application
8.3.4 Asia-Pacific Automotive Steel Market Forecasts and Analysis - By Countries
8.3.4.1 Australia Automotive Steel Market
8.3.4.1.1 Australia Automotive Steel Market by Application
8.3.4.2 China Automotive Steel Market
8.3.4.2.1 China Automotive Steel Market by Application
8.3.4.3 India Automotive Steel Market
8.3.4.3.1 India Automotive Steel Market by Application
8.3.4.4 Japan Automotive Steel Market
8.3.4.4.1 Japan Automotive Steel Market by Application
8.3.4.5 South Korea Automotive Steel Market
8.3.4.5.1 South Korea Automotive Steel Market by Application
8.3.4.6 Rest of Asia-Pacific Automotive Steel Market
8.3.4.6.1 Rest of Asia-Pacific Automotive Steel Market by Application
8.4. MIDDLE EAST AND AFRICA
8.4.1 Middle East and Africa Automotive Steel Market Overview
8.4.2 Middle East and Africa Automotive Steel Market Forecasts and Analysis
8.4.3 Middle East and Africa Automotive Steel Market Forecasts and Analysis - By Application
8.4.4 Middle East and Africa Automotive Steel Market Forecasts and Analysis - By Countries
8.4.4.1 South Africa Automotive Steel Market
8.4.4.1.1 South Africa Automotive Steel Market by Application
8.4.4.2 Saudi Arabia Automotive Steel Market
8.4.4.2.1 Saudi Arabia Automotive Steel Market by Application
8.4.4.3 U.A.E Automotive Steel Market
8.4.4.3.1 U.A.E Automotive Steel Market by Application
8.4.4.4 Rest of Middle East and Africa Automotive Steel Market
8.4.4.4.1 Rest of Middle East and Africa Automotive Steel Market by Application
8.5. SOUTH AND CENTRAL AMERICA
8.5.1 South and Central America Automotive Steel Market Overview
8.5.2 South and Central America Automotive Steel Market Forecasts and Analysis
8.5.3 South and Central America Automotive Steel Market Forecasts and Analysis - By Application
8.5.4 South and Central America Automotive Steel Market Forecasts and Analysis - By Countries
8.5.4.1 Brazil Automotive Steel Market
8.5.4.1.1 Brazil Automotive Steel Market by Application
8.5.4.2 Argentina Automotive Steel Market
8.5.4.2.1 Argentina Automotive Steel Market by Application
8.5.4.3 Rest of South and Central America Automotive Steel Market
8.5.4.3.1 Rest of South and Central America Automotive Steel Market by Application

9. INDUSTRY LANDSCAPE
9.1. MERGERS AND ACQUISITIONS
9.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
9.3. NEW PRODUCT LAUNCHES
9.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

10. AUTOMOTIVE STEEL MARKET, KEY COMPANY PROFILES
10.1. ARCELORMITTAL
10.1.1. Key Facts
10.1.2. Business Description
10.1.3. Products and Services
10.1.4. Financial Overview
10.1.5. SWOT Analysis
10.1.6. Key Developments
10.2. CHINASTEEL
10.2.1. Key Facts
10.2.2. Business Description
10.2.3. Products and Services
10.2.4. Financial Overview
10.2.5. SWOT Analysis
10.2.6. Key Developments
10.3. GROW EVER STEEL
10.3.1. Key Facts
10.3.2. Business Description
10.3.3. Products and Services
10.3.4. Financial Overview
10.3.5. SWOT Analysis
10.3.6. Key Developments
10.4. HYUNDAI STEEL
10.4.1. Key Facts
10.4.2. Business Description
10.4.3. Products and Services
10.4.4. Financial Overview
10.4.5. SWOT Analysis
10.4.6. Key Developments
10.5. JFE STEEL CORPORATION
10.5.1. Key Facts
10.5.2. Business Description
10.5.3. Products and Services
10.5.4. Financial Overview
10.5.5. SWOT Analysis
10.5.6. Key Developments
10.6. NIPPON STEEL AND SUMITOMO METAL CORPORATION
10.6.1. Key Facts
10.6.2. Business Description
10.6.3. Products and Services
10.6.4. Financial Overview
10.6.5. SWOT Analysis
10.6.6. Key Developments
10.7. NUCOR CORPORATION
10.7.1. Key Facts
10.7.2. Business Description
10.7.3. Products and Services
10.7.4. Financial Overview
10.7.5. SWOT Analysis
10.7.6. Key Developments
10.8. POSCO
10.8.1. Key Facts
10.8.2. Business Description
10.8.3. Products and Services
10.8.4. Financial Overview
10.8.5. SWOT Analysis
10.8.6. Key Developments
10.9. TATA STEEL
10.9.1. Key Facts
10.9.2. Business Description
10.9.3. Products and Services
10.9.4. Financial Overview
10.9.5. SWOT Analysis
10.9.6. Key Developments
10.10. UNITED STATES STEEL CORP
10.10.1. Key Facts
10.10.2. Business Description
10.10.3. Products and Services
10.10.4. Financial Overview
10.10.5. SWOT Analysis
10.10.6. Key Developments

11. APPENDIX
11.1. ABOUT THE INSIGHT PARTNERS
11.2. GLOSSARY OF TERMS
The List of Companies

1. ArcelorMittal
2. ChinaSteel
3. Grow Ever Steel
4. HYUNDAI STEEL
5. JFE Steel Corporation
6. NIPPON STEEL and Sumitomo Metal Corporation
7. Nucor Corporation
8. POSCO
9. Tata Steel
10. United States Steel Corp
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