Automotive Steel Market Size
Market Size in USD Bn
CAGR3.4%
| Study Period | 2025-2032 |
| Base Year of Estimation | 2024 |
| CAGR | 3.4% |
| Market Concentration | High |
| Major Players | ArcelorMittal S.A., Thyssenkrupp AG, Nippon Steel Corporation, Hyundai Steel, POSCO (Formerly Pohang Iron and Steel Company) and Among Others |
*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 134.92 Bn in 2025 and is expected to reach USD 170.50 Bn by 2032, growing at a compound annual growth rate (CAGR) of 3.4% from 2025 to 2032. 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.