Global Automotive Structural Steel report from Global Insight Services is the single authoritative source of intelligence on Automotive Structural Steel market. The report will provide you with analysis of impact of latest market disruptions such as Russia-Ukraine war and Covid-19 on the market. Report provides qualitative analysis of the market using various frameworks such as Porters’ and PESTLE analysis. Report includes in-depth segmentation and market size data by categories, product types, applications, and geographies. Report also includes comprehensive analysis of key issues, trends and drivers, restraints and challenges, competitive landscape, as well as recent events such as M&A activities in the market.
Automotive structural steel is a type of steel that is used in the construction of automobiles. It is a strong and durable type of steel that is able to withstand the high temperatures and pressures that are involved in the automotive industry. Automotive structural steel is used in a variety of applications, including the chassis, body, and engine of a vehicle.
The automotive industry is constantly evolving and so are the materials used to construct vehicles. One of the most important materials used in vehicle construction is steel. Steel is used in everything from the frame to the body to the engine. The type of steel used can vary depending on the application.
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Market Segments
The Automotive Structural Steel Market is segmented by product type, component, vehicle type, and region. By product type, the automotive structural steel market has been segmented into galvanized steel, stainless steel, high-strength steel, and others. On the basis of component, it is bifurcated into body structure components, drivetrain components, and under chassis components. On the basis of vehicle type, it is classified into passenger car, light commercial vehicle (LCV), heavy commercial vehicle (HCV), and two wheeler. Region-wise the market is divided into North America, Europe, Asia-Pacific, and the Rest of the World.
Key Players
The Automotive Structural Steel Market includes players such as POSCO, KIRCHHOFF Group ,Inner Galaxy Group, Thyssenkrupp AG, Advanced Structural Technologies, Inc.,SSAB, Waldaschaff Automotive GmbH, KOBE STEEL, LTD., NANOSTEEL and Ternium.
Key Drivers
Some of the key drivers of the automotive structural steel market are:
1. Increasing demand for fuel-efficient vehicles: As mentioned above, the automotive industry is under pressure to produce more fuel-efficient vehicles. This has led to a shift towards lighter-weight materials such as steel, which can help reduce a vehicle’s overall weight and improve its fuel efficiency.
2. Stringent emissions regulations: In addition to fuel efficiency, another important factor driving the use of steel in automobiles is the need to meet stringent emissions regulations. Steel is an environmentally friendly material, and its use can help automakers meet these regulations.
3. Improved safety: Another benefit of using steel in automobiles is that it can help improve safety. Steel is extremely strong and durable, and it can help to protect occupants in the event of a collision.
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