Report Title: “Global Automotive AHSS Market – Analysis of Growth, Trends, and Forecasts (2018 – 2023)”
Global “Automotive AHSS Market” (2018 – 2023) Report Provides Overall study of Approximate CAGR, Leading Manufacturers, Key Development, Market Dynamics and SWOT analysis for Key Players. The Automotive AHSS market is expected to register a CAGR of approximately 9.8% during the forecast period of (2018 – 2023)
Automotive AHSS Market Report Covers Leading Manufacturers: Arcelor Mittal SA, ThyssenKrupp AG, POSCO, Tata Steel Limited, SSAB AB, United Steel Corporation, AK Steel Holding Corporation, Kobe Steel Ltd., Baoshan Iron & Steel Co. Ltd.
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The global automotive AHSS market is poised to record a CAGR of 9.8% during the forecast period. The automotive AHSS market is witnessing a positive trend, as auto manufacturers are focusing more on improving safety and fuel economy, while reducing the costs of manufacturing.
The use of AHSS also brings down manufacturing costs without compromising on the strength of the vehicle, making it the commonly used material in the automotive industry currently. The necessity of the automakers to balance performance, safety, fuel efficiency, affordability, and at the same time, reducing emissions to meet the requirements of stringent regulations, worldwide, are the factors that are expected to drive the automotive AHSS market.
Fuel Efficiency has emerged as the primary factor for the growth in demand for AHSS
The automakers are focusing on reducing the overall weight of the automobiles, and at the same time increase the strength of the automobile to improve crashworthiness. The major factor that is driving automakers toward adopting AHSS is that the existing infrastructure can be utilized for producing lightweight vehicles without the need for switching to other materials, which is expected to increase the cost and time.
Automotive production using AHSS leads to lower life cycle emissions
AHSS offers an opportunity for the automotive industry to reduce vehicular emissions when the entire product life cycle is considered. Life cycle assessment of vehicular emission takes into account the total emissions from the stage procuring the raw materials to the vehicle end-of-life. When life cycle assessment of emissions is carried out, the use of Advanced High Strength Steel (AHSS) for automotive manufacturing will have the lowest emission rate compared to the emissions generated by the existing ways of production.
Dual-phase steel is the most widely used variety of AHSS by the automotive industry, as it has an excellent strength-ductility balance, which enables it to endure a high amount of strain energy, hence, it is the most preferred material to build the outer body of an automobile.
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Reasons to Purchase Automotive AHSS Market Report:
- Identification of key factors instrumental in changing the market scenario, exploiting new opportunities, and gaining a competitive edge.
- Analysing various perspectives of the market with the help of Porter’s five forces analysis.
- The authentication mode is likely to witness the highest adoption of these systems in the market.
- The regions that are expected to witness the fastest growth during the forecast period.
- The SWOT analysis for key players and a detailed study of their current strategic interests and key financial performance indicators.
- 3 months analyst support along with the Market Estimate sheet (in excel).
- This report can be customized to meet your requirements. Please connect with our representative, who will ensure you get a report that suits your needs.
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