Automotive Structural Steel Market is set for lucrative growth during 2021-2031 | Size, Share, Demand and Opportunities Analysis | POSCO, KIRCHHOFF Group, Inner Galaxy Group

Posted on 2022-08-10 by Sandeep in Automotive, Industrial // 0 Comments

Global Insight Services

New York, 2022-Aug-10 — /EPR Network/ — Global Automotive Structural Steel Market 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.

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Key Trends

Some of the key trends in automotive structural steel technology include:

1. Use of high-strength steels High-strength steels are becoming increasingly popular in the automotive industry due to their light weight and high strength. These steels can be used in a variety of applications such as body panels, suspension components, and engine parts.

2. Use of advanced welding techniques Welding is a critical process in the construction of vehicles. New welding techniques are being developed that allow for stronger and more reliable welds.

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.

Market Segments

By Product Type

Galvanized Automotive Structural Steel
Stainless Automotive Structural Steel
High-Strength Automotive Structural Steel

By Vehicle Component

Body Structure Components
Steel for Drivetrain Components

By Vehicle Type

Passenger Cars
Light Commercial Vehicle (LCV)

By Region

North America
- The U.S.

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Key Players

POSCO
KIRCHHOFF Group
Inner Galaxy Group
Thyssenkrupp AG
Advanced Structural Technologies, Inc.
SSAB
Waldaschaff Automotive GmbH
KOBE STEEL, LTD.

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