Global Automotive AHSS Market to Grow at 10.4% CAGR by 2022, States Lucintel in Its In-Demand Research Report Available at MarketPublishers.com
13 Jun 2017 • by Natalie Aster
LONDON – Globally, the automotive advanced high-strength steels (AHSS) market is predicted to witness strong growth at a great CAGR of 10.4 % and to climb to USD 27 billion till 2022. The world’s AHSS market looks lucrative, demonstrating great future opportunities in the passenger car and light commercial vehicle segments. The market is set to be fueled by a slew of growth driving forces including uptake in vehicle production, slump in the consumption of fuel, decreasing costs of AHSS materials and stringent government regulations associated with CO2 emissions.
The adoption of pre-oxidation for galvanizing AHSS and development of the third generation AHSS are amid new emerging trends in the marketplace that considerably influence the dynamics of the market for automotive AHSS.
Segment-wise, the TRIP steel and boron steel segments are likely to exhibit the most robust growth up to 2022. Meanwhile, the dual phase steel segment is predicted to continue dominating the market in terms of size due to the material’s beneficial physical properties.
Europe is poised to remain the main regional market for automotive AHSS on the back of presence of three top luxury vehicle manufacturers, rising investments and improving economy in the region.
Insightful research report “Growth Opportunities in the Global Automotive AHSS Market” elaborated by Lucintel is an unrivalled source of trustworthy information on the market performance, dynamics and future prospects. The report estimates the market size, provides historical data (2011-2016), describes the current situation and gives future forecasts (up to 2022). It provides an extensive market segmentation analysis by applications, by vehicle types, by product types, by regions; pinpoints the key market development trends and emerging opportunities; looks into the market competitive environment, offers Porter's Five Forces analysis, and includes profiles of the leading players. Besides, a future outlook for the market through 2022 is also available here.
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