Automotive Steel Market SIZE AND SHARE ANALYSIS - GROWTH TRENDS AND FORECASTS (2024 - 2031)

Automotive Steel Market is segmented By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), By Application (Body Structure, Suspension, Power Train, Others), By Steel Type (High-Strength Steel (HSS), Advanced High-Strength Steel (AHSS), Ultra High-Strength Steel (UHSS), Mild Steel), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa). The report offers the value (in USD billion) for the above-mentioned.

Automotive Steel Market is segmented By Vehicle Type (Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles), By Application (Body ....

Automotive Steel Market Size

Market Size in USD

CAGR3.22%

Study Period	2024 - 2031
Base Year of Estimation	2023
CAGR	3.22%
Market Concentration	High
Major Players	ArcelorMittal S.A., Thyssenkrupp AG, Nippon Steel Corporation, Hyundai Steel, POSCO (Formerly Pohang Iron and Steel Company)

*Disclaimer: Major players are listed in no particular order.

*Source: Coherent Market Insights

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Automotive Steel Market Analysis

The automotive steel market is estimated to be valued at USD 130.46 Bn in 2024 and is expected to reach USD 162.9 Bn by 2031, growing at a compound annual growth rate (CAGR) of 3.22% from 2024 to 2031. The increasing automobile production around the world especially in developing nations such as India and China is driving the growth of the automotive steel market.

Automotive Steel Market Report Snapshots

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