Lucintel anticipates advanced high-strength steel materials in the automotive industry to reach $22 billion by 2019

November 03 (2014

Automotive Advanced High-Strength Steel (AHSS) materials market is expected to reach $22 billion by 2019. Environmental, governmental, and customer demands to reduce fuel consumption, improve driver safety, ensure product reliability, and increase affordability have prompted the automotive industry and material suppliers to develop a wide range of solutions to meet these requirements. AHSS materials are becoming the dominant engineering alloy for addressing above needs in vehicles because of its affordability, performance, manufacturability, and recyclability.

Lucintel, a leading global Management Consulting and market research firm, has analyzed the advanced high-strength steel materials market for the global automotive industry by types of materials, applications, and regions, and has come up with a comprehensive research report “Growth Opportunities for Advanced High Strength Steels in Global Automotive Industry 2014-2019.” This report provides an analysis of the AHSS materials market for the automotive industry, including analysis of the market trends, competitive landscapes, company profiles, emerging trends, and the key drivers of growth. The study also includes AHSS materials market forecasts through 2019, segmented by regions, material types, and applications as follows:
AHSS materials market for the global automotive industry segmented by regions:
• North America
• Europe
• Asia-Pacific
• Rest of the World

AHSS materials market for the global automotive industry segmented by types of materials:
• Dual Phase Steels
• Martensitic Steels
• Boron Steels
• TRIP Steels
• Others

AHSS materials market for the global automotive industry segmented by applications:
• Body and Closures
• Suspensions
• Bumper and Intrusion Beams
• Others

On the basis of its comprehensive research, Lucintel forecasts that the automotive advanced high-strength steel materials market is expected to depict a high growth during 2014-2019. The dual phase steel segment will remain the largest segment in the automotive AHSS market during the forecast period. In terms of applications, body and closures segment will be the major segment. ArcelorMittal SA, ThyssenKrupp AG, POSCO, Tata Steel Limited, and SSAB AB are some of the suppliers of AHSS materials for various applications in the automotive industry.

This 162-page research report will enable you to make confident business decisions in the advanced high-strength steel materials market for the global automotive industry. For a detailed table of contents and pricing information on this timely, insightful report, contact Lucintel at +1-972-636-5056, or via email at helpdesk@lucintel.com. Lucintel provides cutting-edge decision support services that facilitate critical decisions with greater speed, market insight, and cost efficiency. To learn more, visit www.lucintel.com. You can also contact us through Live Chat, located on the website, to answer your questions in real time.

About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategy for growth, whether you need to understand market dynamics, identify new opportunities, or increase your profitability. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M & A and Due diligence services to executives and key decision-makers in a variety of industries. Over the last 15 years, Lucintel has served over 1,000 corporations in 70 countries. For further information, visit www.lucintel.com.

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