Automotive Steel Market Global Trends, Market Share, Industry Size, Growth, Opportunities and Market Forecast – 2021 to 2027

The global automotive steel market was valued at USD 104.47 billion in 2018 and is expected to witness a CAGR of 3% from 2021 to 2027.

Steel is widely used in the automotive industry because it can provide safety and strength at a relatively low price compared to other metals such as aluminum. On average, the vehicle is constructed of 900 kg of steel with significant utilization in the body structure and drivetrain.

Market Segmentation

By Vehicle Type

• Passenger Vehicles
• Light Commercial Vehicles
• Heavy Commercial Vehicles

By Application

• Body structure
• Power train
• Suspension
• Others

Key players operating in the global automotive steel market:

United States Steel, ArcelorMittal, JFE Steel Corporation, Baosteel Group, and Nippon Steel & Sumitomo Metal Corporation.

Scope of the Report

The research study analyzes the global Automotive Steel industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Automotive Steel Market Report

1. What was the Automotive Steel Market size in 2019 and 2020; what are the estimated growth trends and market forecast (2021-2027). 2. What will be the CAGR of the Automotive Steel Market during the forecast period (2021-2027)?
3. Which segments (product type/applications/end-user) were most attractive for investments in 2021? How these segments are expected to grow during the forecast period (2021-2027).
4. Which manufacturer/vendor/players in the Automotive Steel Market was the market leader in 2020?
5. Overview on the existing product portfolio, products in the pipeline, and strategic initiatives taken by key vendors in the market.