Automotive Steel Market Size, Share & Trends Analysis Report By Application (Body Structure, Power Train, Suspension), By Vehicle Type (LCVs, HCVs), By Region, And Segment Forecasts, 2019 - 2025

Published: Sep, 2019 | Pages: 109 | Publisher: Grand View Research
Industry: Automotive | Report Format: Electronic (PDF)

The global automotive steel market is expected to reach USD 130.07 billion by 2025, according to a new report by Grand View Research, Inc. is expected to witness a CAGR of 3.2% over the forecast period. Growing automotive production in Asia Pacific countries is likely to drive the market.

Expansion of production facilities coupled with growing demand in the Asia Pacific are the key factors in the growth of regional automobile sector. In 2018, automotive production in countries including Thailand, Malaysia, Indonesia, and India has observed a significant growth in the production of vehicles.

Growing demand for electric vehicles is another factor which is projected to create a positive impact on the demand for steel products. As per the International Energy Agency, over 1 million cars were sold in 2017 in the global market while China accounted for more than 50% sales. European countries including Norway, Iceland, and Sweden accounted for the highest market share for electric vehicles sales in 2017.

Europe is among the world’s largest producers of vehicles; the automotive industry in Europe accounts for 6.8% of its GDP. Automotive sector is the largest private investor in automotive research & development (R&D) with the support of the European Commission. Reduced CO2 emission and improved fuel economy are the key factors leading to the development of lightweight chassis components in the region.

China is the largest producer of vehicles worldwide. Passenger vehicles segment is anticipated to witness lucrative growth in terms of sales over the coming years. Attracted by the significant development of small and microcar segments, various global brands are involved in the expansion of their product lines in these segments.

Leading steel companies are heavily focused on the development of new grades of advanced high-strength steel with high strength. This will assist in the manufacturing of lighter and thinner components with safety features. Steel companies have collaborated with research institutes and global universities in order to develop special and advanced grades of steel for automobile use.

Introduction of new emission regulations is anticipated to create a short term impact on the market. For instance, recently in India BS-VI emission norms were introduced. This is likely to cause changes and disruption in the industry for short term period. However, this also brings new opportunities for automotive steel market vendors.

Further key findings from the report suggest:

• In terms of revenue, body structure held highest market share of 34.0% in 2018. The growth in this segment is attributed to stringent regulations related with safety of vehicles.

• In terms of volume, power train segment is projected to grow at CAGR of 2.6% during forecast period. Reduction in power train weight using light steel materials is anticipated to remain key focus area over the coming years.

• In terms of volume, passenger vehicles accounted for 73.0% of share in 2018. Increasing production of passenger cars supported by growing income levels is projected to contribute to the growth of the automotive steel market.

• Asia Pacific accounted held highest market share in 2018 and likely to maintain its position during forecast period on account of large-scale automotive production in India and China.

• In terms of volume, Europe is projected to grow at a CAGR of 2.2% from 2019 to 2025. Improvement in fuel efficiency and weight reduction in vehicles are projected to remain key growth factors for market vendors.

• ArcelorMittal S.A., Hyundai Steel Co. Ltd., Tata Steel Ltd., Nucor Corporation, Nippon Steel & Sumitomo Metal Corporation and POSCO are some of the leading market participants in the industry. These players are looking for new opportunities through development of innovative alloys and new materials.

 Table of Contents

Chapter 1 Methodology and Scope
                   1.1 Market segmentation & scope
                   1.2 Market definition
                   1.3 List of data sources
                   1.4 Information procurement
                   1.5 Information analysis
                   1.6 Market formulation & data visualization
                   1.7 Data validation & publishing
Chapter 2 Executive Summary
                   2.1 Market outlook
                   2.2 Segmental outlook
                   2.3 Competitive Insights
Chapter 3 Automotive Steel Market Variables, Trends, & Scope
                   3.1 Market outlook
                       3.1.1 Global steel market
                   3.2 Penetration & growth prospect mapping
                   3.3 Industry value chain analysis
                       3.3.1 Manufacturing trends
                       3.3.2 Sales channel analysis
                       3.3.3 Vendor selection criteria analysis
                       3.3.4 Raw material & technology trends
                   3.4 Regulatory framework
                       3.4.1 Product classification codes
                       3.4.2 Safety
                   3.5 Market Dynamics
                       3.5.1 Market Driver Analysis
                           3.5.1.1 Growth in automotive industry
                       3.5.2 Market restraint analysis
                           3.5.2.1 U.S. tariffs on steel imports
Chapter 4 Automotive Steel Market: Vehicle Type Estimates & Trend Analysis
                   4.1 Definition & scope
                   4.2 Vehicle Type movement analysis & market share, 2018 & 2025
                   4.3 Passenger Vehicles
                       4.3.1 Market estimates and forecasts by passenger vehicles, 2014 - 2025 (Kilotons) (USD million)
                   4.4 Light Commercial Vehicle (LCV)
                       4.4.1 Market estimates and forecasts by light commercial vehicle (LCV), 2014 - 2025 (Kilotons) (USD million)
                   4.5 Heavy Commercial Vehicles (HCV)
                       4.5.1 Market estimates and forecasts by heavy commercial vehicles (HCV), 2014 - 2025 (Kilotons) (USD million)
Chapter 5 Automotive Steel Market: Application Estimates & Trend Analysis
                   5.1 Definition & scope
                   5.2 Application movement analysis & market share, 2018 & 2025
                   5.3 Body Structure
                       5.3.1 Market estimates and forecasts by body structure, 2014 - 2025 (Kilotons) (USD million)
                   5.4 Power Train
                       5.4.1 Market estimates and forecasts by power train, 2014 - 2025 (Kilotons) (USD million)
                   5.5 Suspension
                       5.5.1 Market estimates and forecasts by suspension 2014 - 2025 (Kilotons) (USD million)
                   5.6 Others
                       5.6.1 Market estimates and forecasts by other applications , 2014 - 2025 (Kilotons) (USD million)
Chapter 6 Automotive Steel: Regional Estimates & Trend Analysis
                   6.1 Regional market snapshot
                   6.2 Definition & scope
                   6.3 Regional movement analysis, 2018 & 2025
                   6.4 North America
                       6.4.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                       6.4.2 Market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons) (USD Million)
                       6.4.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                       6.4.4 U.S.
                           6.4.4.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                           6.4.4.2 Market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons) (USD Million)
                           6.4.4.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                       6.4.5 Canada
                           6.4.5.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                           6.4.5.2 Market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons) (USD Million)
                           6.4.5.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                       6.4.6 Mexico
                           6.4.6.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                           6.4.6.2 Market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons) (USD Million)
                           6.4.6.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                   6.5 Europe
                       6.5.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                       6.5.2 Market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons) (USD Million)
                       6.5.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                       6.5.4 Germany
                           6.5.4.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                           6.5.4.2 Market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons) (USD Million)
                           6.5.4.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                       6.5.5 UK
                           6.5.5.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                           6.5.5.2 Market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons) (USD Million)
                           6.5.5.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                       6.5.6 France
                           6.5.6.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                           6.5.6.2 Market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons) (USD Million)
                           6.5.6.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                   6.6 Asia Pacific
                       6.6.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                       6.6.2 Market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons) (USD Million)
                       6.6.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                       6.6.4 China
                           6.6.4.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                           6.6.4.2 Market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons) (USD Million)
                           6.6.4.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                       6.6.5 India
                           6.6.5.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                           6.6.5.2 Market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons) (USD Million)
                           6.6.5.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                       6.6.6 Japan
                           6.6.6.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                           6.6.6.2 Market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons) (USD Million)
                           6.6.6.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                   6.7 Central & South America
                       6.7.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                       6.7.2 Market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons) (USD Million)
                       6.7.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                       6.7.4 Brazil
                           6.7.4.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                           6.7.4.2 Market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons) (USD Million)
                           6.7.4.3 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
                   6.8 Middle East & Africa
                       6.8.1 Market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
                       6.8.2 Market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons) (USD Million)
                       6.8.4 Market estimates and forecasts, by application 2014 - 2025 (Kilotons) (USD Million)
Chapter 7 Competitive Analysis
                   7.1 Key global players & recent developments & their impact on the industry
                   7.2 List of key players/suppliers in the industry
                   7.3 List of key end users
                   7.4 SWOT, by top players
Chapter 8 Company Profiles
                   8.1 ArcelorMittal
                       8.1.1 Company Overview
                       8.1.2 Financial performance
                       8.1.3 Product benchmarking
                       8.1.4 Strategic initiatives
                   8.2 Tata Steel
                       8.2.1 Company OvervieW
                       8.2.2 Financial performance
                       8.2.3 Product benchmarking
                       8.2.4 Strategic initiatives
                   8.3 ChinaSteel
                       8.3.1 Company Overview
                       8.3.2 Financial Performance
                       8.3.3 Product Benchmarking
                       8.3.4 Strategic Initiatives
                   8.4 Hyundai Steel
                       8.4.1 Company Overview
                       8.4.2 Financial Performance
                       8.4.3 Product Benchmarking
                       8.4.4 Strategic Initiatives
                   8.5 United States Steel
                       8.5.1 Company Overview
                       8.5.2 Financial Performance
                       8.5.3 Product Benchmarking
                       8.5.4 Strategic Initiatives
                   8.6 JSW
                       8.6.1 Company Overview
                       8.6.2 Financial Performance
                       8.6.3 Product Benchmarking
                       8.6.4 Strategic Initiatives
                   8.7 POSCO
                       8.7.1 Company Overview
                       8.7.2 Financial Performance
                       8.7.3 Product Benchmarking
                       8.7.4 Strategic Initiatives
                   8.8 Nippon Steel & Sumitomo Metal Corporation
                       8.8.1 Company Overview
                       8.8.2 Financial Performance
                   8.9 JFE Steel Corporation
                       8.9.1 Company Overview
                       8.9.2 Financial performance
                       8.9.3 Product benchmarking
                       8.9.4 Strategic initiatives
                   8.10 Nucor Corporation
                       8.10.1 Company Overview
                       8.10.2 Financial performance
                       8.10.3 Product benchmarking
                       8.10.4 Strategic initiatives

List of Tables

Table 1 Automotive steel market estimates and forecasts by passenger cars, 2014 - 2025 (Kilotons) (USD Million)
Table 2 Automotive steel market estimates and forecasts by light commercial vehicles, 2014 - 2025 (Kilotons) (USD Million)
Table 3 Automotive steel market estimates and forecasts by heavy commercial vehicles, 2014 - 2025 (Kilotons) (USD Million)
Table 4 Automotive steel market estimates and forecasts by body structure, 2014 - 2025 (Kilotons) (USD Million)
Table 5 Automotive steel market estimates and forecasts by power train, 2014 - 2025 (Kilotons) (USD Million)
Table 6 Automotive steel market estimates and forecasts by suspension 2014 - 2025 (Kilotons) (USD Million)
Table 7 Automotive steel market estimates and forecasts by others, 2014 - 2025 (Kilotons) (USD Million)
Table 8 North America automotive steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 9 North America automotive steel market estimates and forecasts, by vehicle type, 2014 - 2025 (Kilotons)
Table 10 North America automotive steel market estimates and forecasts, by vehicle type, 2014 - 2025 (USD Million)
Table 11 North America automotive steel market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 12 North America automotive steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 13 U.S. automotive steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 14 U.S. automotive steel market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons)
Table 15 U.S. automotive steel market estimates and forecasts, by vehicle type, 2014 - 2025 (USD Million)
Table 16 U.S. automotive steel market estimates and forecasts, by application 2014 - 2025 (Kilotons)
Table 17 U.S. automotive steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 18 Canada automotive steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 19 Canada automotive steel market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons)
Table 20 Canada automotive steel market estimates and forecasts, by vehicle type, 2014 - 2025 (USD Million)
Table 21 Canada automotive steel market estimates and forecasts, by application 2014 - 2025 (Kilotons)
Table 22 Canada automotive steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 23 Mexico automotive steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 24 Mexico automotive steel market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons)
Table 25 Mexico automotive steel market estimates and forecasts, by vehicle type, 2014 - 2025 (USD Million)
Table 26 Mexico automotive steel market estimates and forecasts, by application 2014 - 2025 (Kilotons)
Table 27 Mexico automotive steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 28 Europe automotive steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 29 Europe automotive steel market estimates and forecasts, by vehicle type, 2014 - 2025 (Kilotons)
Table 30 Europe automotive steel market estimates and forecasts, by vehicle type, 2014 - 2025 (USD Million)
Table 31 Europe automotive steel market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 32 Europe automotive steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 33 Germany automotive steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 34 Germany automotive steel market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons)
Table 35 Germany automotive steel market estimates and forecasts, by vehicle type, 2014 - 2025 (USD Million)
Table 36 Germany automotive steel market estimates and forecasts, by application 2014 - 2025 (Kilotons)
Table 37 Germany automotive steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 38 UK automotive steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 39 UK automotive steel market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons)
Table 40 UK automotive steel market estimates and forecasts, by vehicle type, 2014 - 2025 (USD Million)
Table 41 UK automotive steel market estimates and forecasts, by application 2014 - 2025 (Kilotons)
Table 42 UK automotive steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 43 France automotive steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 44 France automotive steel market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons)
Table 45 France automotive steel market estimates and forecasts, by vehicle type, 2014 - 2025 (USD Million)
Table 46 France automotive steel market estimates and forecasts, by application 2014 - 2025 (Kilotons)
Table 47 France automotive steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 48 Asia Pacific automotive steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 49 Asia Pacific automotive steel market estimates and forecasts, by vehicle type, 2014 - 2025 (Kilotons)
Table 50 Asia Pacific automotive steel market estimates and forecasts, by vehicle type, 2014 - 2025 (USD Million)
Table 51 Asia Pacific automotive steel market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 52 Asia Pacific automotive steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 53 China automotive steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 54 China automotive steel market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons)
Table 55 China automotive steel market estimates and forecasts, by vehicle type, 2014 - 2025 (USD Million)
Table 56 China automotive steel market estimates and forecasts, by application 2014 - 2025 (Kilotons)
Table 57 China automotive steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 58 India automotive steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 59 India automotive steel market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons)
Table 60 India automotive steel market estimates and forecasts, by vehicle type, 2014 - 2025 (USD Million)
Table 61 India automotive steel market estimates and forecasts, by application 2014 - 2025 (Kilotons)
Table 62 India automotive steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 63 Japan automotive steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 64 Japan automotive steel market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons)
Table 65 Japan automotive steel market estimates and forecasts, by vehicle type, 2014 - 2025 (USD Million)
Table 66 Japan automotive steel market estimates and forecasts, by application 2014 - 2025 (Kilotons)
Table 67 Japan automotive steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 68 Central & South America automotive steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 69 Central & South America automotive steel market estimates and forecasts, by vehicle type, 2014 - 2025 (Kilotons)
Table 70 Central & South America automotive steel market estimates and forecasts, by vehicle type, 2014 - 2025 (USD Million)
Table 71 Central & South America automotive steel market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 72 Central & South America automotive steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 73 Brazil automotive steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 74 Brazil automotive steel market estimates and forecasts, by vehicle type 2014 - 2025 (Kilotons)
Table 75 Brazil automotive steel market estimates and forecasts, by vehicle type, 2014 - 2025 (USD Million)
Table 76 Brazil automotive steel market estimates and forecasts, by application 2014 - 2025 (Kilotons)
Table 77 Brazil automotive steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)
Table 78 Middle East & Africa automotive steel market estimates and forecasts, 2014 - 2025 (Kilotons) (USD Million)
Table 79 Middle East & Africa automotive steel market estimates and forecasts, by vehicle type, 2014 - 2025 (Kilotons)
Table 80 Middle East & Africa automotive steel market estimates and forecasts, by vehicle type, 2014 - 2025 (USD Million)
Table 81 Middle East & Africa automotive steel market estimates and forecasts, by application, 2014 - 2025 (Kilotons)
Table 82 Middle East & Africa automotive steel market estimates and forecasts, by application, 2014 - 2025 (USD Million)

List of Figures

Fig. 1 Automotive steel market segmentation
Fig. 2 Information procurement
Fig. 3 Data analysis models
Fig. 4 Market formulation and validation
Fig. 5 Data validating & publishing
Fig. 6 Market outlook
Fig. 7 Vehicle Type segment outlook
Fig. 8 Application segment outlook
Fig. 9 Competitive insights
Fig. 10 Automotive steel market volume & revenue, 2014 - 2025 (Kilotons) (USD Million)
Fig. 11 Value chain analysis
Fig. 12 Automotive steel market: Vehicle type movement analysis, 2018 & 2025
Fig. 13 Automotive steel market: Application movement analysis, 2018 & 2025
Fig. 14 Automotive steel market: Regional snapshot
Fig. 15 Automotive steel market: Regional movement analysis, 2018 & 2025
Fig. 16 SWOT, by top players