The Global Automotive Steel Market Size is estimated to register 3.5% growth over the forecast period from 2023 to 2030.
The market growth is driven by the increasing demand for electric vehicles which have specific requirements for lightweight materials to extend battery range. Automotive steel manufacturers are developing new alloys to meet these requirements. Leading companies that are focusing on lightweight Electric Vehicles (EVs), Sustainability, Safety and Crash Resistance, 3D Printing and Advanced Manufacturing, Autonomous Vehicles, Smart Materials and Connectivity, and others to boost market shares in the industry.
The automotive steel market provides steel solutions for vehicle construction, focusing on lightweight, sustainability, and safety to meet regulations. Advanced steel types are used for lighter yet robust vehicle structures, while ongoing technological advancements and collaboration between manufacturers and OEMs drive innovation in response to evolving automotive trends, including electric and hydrogen-powered vehicles, in this competitive industry.
Infrastructure development in the automotive steel market is essential for adapting to industry changes, including the shift to electric and autonomous vehicles. This development involves advanced manufacturing, sustainability, and collaboration between steel suppliers and automakers to customize solutions and ensure compliance with safety standards, thereby maintaining steel's pivotal role in supporting the industry's growth and sustainability.
The demand for advanced manufacturing techniques in the automotive steel market is rising due to their ability to produce lightweight, strong steel components, aligning with the industry's focus on fuel efficiency and emissions reduction. Methods like hot stamping and roll forming are crucial for meeting automakers' needs for robust yet lightweight steel materials, as they seek to optimize vehicle design and performance.
Technological advancements in the automotive steel market include improved steel alloys, manufacturing methods, and design techniques, resulting in materials with enhanced properties and design flexibility. These advancements are essential for meeting industry demands, such as being lightweight for fuel efficiency and adapting to alternative powertrains like electric and hydrogen vehicles.
The Global Automotive Steel Market is analyzed across Passenger cars, Light commercial vehicles, Heavy commercial vehicles, and others. Of these, Passenger cars are poised to register the fastest growth. Passenger cars are a significant sector in the automotive steel market, relying on steel for body frames, chassis, and structural components. The demand for automotive steel in passenger cars is motivated by safety, durability, and light-weighting goals to improve fuel efficiency and reduce emissions.
The Global Automotive Steel Market is analyzed across a wide range of applications including Body Structure, Power Train, Suspensions, and others. Of these, the Body structure held a significant market share in 2023. The body structure is a vital element in the automotive steel market, providing the framework for a vehicle's structural integrity and safety. Steel is extensively used in its construction, with a focus on advanced high-strength steel (AHSS) and alloys to create lightweight yet strong structures, improving fuel efficiency, emissions reduction, and safety in modern vehicles. Continuous innovation by steel manufacturers ensures compliance with evolving industry standards and consumer preferences.
By Type
By Application
By Region
* List not exhaustive
Automotive Steel Market Outlook 2023
1 Market Overview
1.1 Introduction to the Automotive Steel Market
1.2 Scope of the Study
1.3 Research Objective
1.3.1 Key Market Scope and Segments
1.3.2 Players Covered
1.3.3 Years Considered
2 Executive Summary
2.1 2023 Automotive Steel Industry- Market Statistics
3 Market Dynamics
3.1 Market Drivers
3.2 Market Challenges
3.3 Market Opportunities
3.4 Market Trends
4 Market Factor Analysis
4.1 Porter’s Five Forces
4.2 Market Entropy
4.2.1 Global Automotive Steel Market Companies with Area Served
4.2.2 Products Offerings Global Automotive Steel Market
5 COVID-19 Impact Analysis and Outlook Scenarios
5.1.1 Covid-19 Impact Analysis
5.1.2 Post-COVID-19 Scenario- Low Growth Case
5.1.3 Post-COVID-19 Scenario- Reference Growth Case
5.1.4 Post-COVID-19 Scenario- Low Growth Case
6 Global Automotive Steel Market Trends
6.1 Global Automotive Steel Revenue (USD Million) and CAGR (%) by Type (2018-2030)
6.2 Global Automotive Steel Revenue (USD Million) and CAGR (%) by Applications (2018-2030)
6.3 Global Automotive Steel Revenue (USD Million) and CAGR (%) by Regions (2018-2030)
7 Global Automotive Steel Market Revenue (USD Million) by Type, and Applications (2018-2022)
7.1 Global Automotive Steel Revenue (USD Million) by Type (2018-2022)
7.1.1 Global Automotive Steel Revenue (USD Million), Market Share (%) by Type (2018-2022)
7.2 Global Automotive Steel Revenue (USD Million) by Applications (2018-2022)
7.2.1 Global Automotive Steel Revenue (USD Million), Market Share (%) by Applications (2018-2022)
8 Global Automotive Steel Development Regional Status and Outlook
8.1 Global Automotive Steel Revenue (USD Million) By Regions (2018-2022)
8.2 North America Automotive Steel Revenue (USD Million) by Type, and Application (2018-2022)
8.2.1 North America Automotive Steel Revenue (USD Million) by Country (2018-2022)
8.2.2 North America Automotive Steel Revenue (USD Million) by Type (2018-2022)
8.2.3 North America Automotive Steel Revenue (USD Million) by Applications (2018-2022)
8.3 Europe Automotive Steel Revenue (USD Million), by Type, and Applications (USD Million) (2018-2022)
8.3.1 Europe Automotive Steel Revenue (USD Million), by Country (2018-2022)
8.3.2 Europe Automotive Steel Revenue (USD Million) by Type (2018-2022)
8.3.3 Europe Automotive Steel Revenue (USD Million) by Applications (2018-2022)
8.4 Asia Pacific Automotive Steel Revenue (USD Million), and Revenue (USD Million) by Type, and Applications (2018-2022)
8.4.1 Asia Pacific Automotive Steel Revenue (USD Million) by Country (2018-2022)
8.4.2 Asia Pacific Automotive Steel Revenue (USD Million) by Type (2018-2022)
8.4.3 Asia Pacific Automotive Steel Revenue (USD Million) by Applications (2018-2022)
8.5 South America Automotive Steel Revenue (USD Million), by Type, and Applications (2018-2022)
8.5.1 South America Automotive Steel Revenue (USD Million), by Country (2018-2022)
8.5.2 South America Automotive Steel Revenue (USD Million) by Type (2018-2022)
8.5.3 South America Automotive Steel Revenue (USD Million) by Applications (2018-2022)
8.6 Middle East and Africa Automotive Steel Revenue (USD Million), by Type, Technology, Application, Thickness (2018-2022)
8.6.1 Middle East and Africa Automotive Steel Revenue (USD Million) by Country (2018-2022)
8.6.2 Middle East and Africa Automotive Steel Revenue (USD Million) by Type (2018-2022)
8.6.3 Middle East and Africa Automotive Steel Revenue (USD Million) by Applications (2018-2022)
9 Company Profiles
10 Global Automotive Steel Market Revenue (USD Million), by Type, and Applications (2023-2030)
10.1 Global Automotive Steel Revenue (USD Million) and Market Share (%) by Type (2023-2030)
10.1.1 Global Automotive Steel Revenue (USD Million), and Market Share (%) by Type (2023-2030)
10.2 Global Automotive Steel Revenue (USD Million) and Market Share (%) by Applications (2023-2030)
10.2.1 Global Automotive Steel Revenue (USD Million), and Market Share (%) by Applications (2023-2030)
11 Global Automotive Steel Development Regional Status and Outlook Forecast
11.1 Global Automotive Steel Revenue (USD Million) By Regions (2023-2030)
11.2 North America Automotive Steel Revenue (USD Million) by Type, and Applications (2023-2030)
11.2.1 North America Automotive Steel Revenue (USD) Million by Country (2023-2030)
11.2.2 North America Automotive Steel Revenue (USD Million), by Type (2023-2030)
11.2.3 North America Automotive Steel Revenue (USD Million), Market Share (%) by Applications (2023-2030)
11.3 Europe Automotive Steel Revenue (USD Million), by Type, and Applications (2023-2030)
11.3.1 Europe Automotive Steel Revenue (USD Million), by Country (2023-2030)
11.3.2 Europe Automotive Steel Revenue (USD Million), by Type (2023-2030)
11.3.3 Europe Automotive Steel Revenue (USD Million), by Applications (2023-2030)
11.4 Asia Pacific Automotive Steel Revenue (USD Million) by Type, and Applications (2023-2030)
11.4.1 Asia Pacific Automotive Steel Revenue (USD Million), by Country (2023-2030)
11.4.2 Asia Pacific Automotive Steel Revenue (USD Million), by Type (2023-2030)
11.4.3 Asia Pacific Automotive Steel Revenue (USD Million), by Applications (2023-2030)
11.5 South America Automotive Steel Revenue (USD Million), by Type, and Applications (2023-2030)
11.5.1 South America Automotive Steel Revenue (USD Million), by Country (2023-2030)
11.5.2 South America Automotive Steel Revenue (USD Million), by Type (2023-2030)
11.5.3 South America Automotive Steel Revenue (USD Million), by Applications (2023-2030)
11.6 Middle East and Africa Automotive Steel Revenue (USD Million), by Type, and Applications (2023-2030)
11.6.1 Middle East and Africa Automotive Steel Revenue (USD Million), by Region (2023-2030)
11.6.2 Middle East and Africa Automotive Steel Revenue (USD Million), by Type (2023-2030)
11.6.3 Middle East and Africa Automotive Steel Revenue (USD Million), by Applications (2023-2030)
12 Methodology and Data Sources
12.1 Methodology/Research Approach
12.1.1 Research Programs/Design
12.1.2 Market Size Estimation
12.1.3 Market Breakdown and Data Triangulation
12.2 Data Sources
12.2.1 Secondary Sources
12.2.2 Primary Sources
12.3 Disclaimer
List of Tables
Table 1 Market Segmentation Analysis
Table 2 Global Automotive Steel Market Companies with Areas Served
Table 3 Products Offerings Global Automotive Steel Market
Table 4 Low Growth Scenario Forecasts
Table 5 Reference Case Growth Scenario
Table 6 High Growth Case Scenario
Table 7 Global Automotive Steel Revenue (USD Million) And CAGR (%) By Type (2018-2030)
Table 8 Global Automotive Steel Revenue (USD Million) And CAGR (%) By Applications (2018-2030)
Table 9 Global Automotive Steel Revenue (USD Million) And CAGR (%) By Regions (2018-2030)
Table 10 Global Automotive Steel Revenue (USD Million) By Type (2018-2022)
Table 11 Global Automotive Steel Revenue Market Share (%) By Type (2018-2022)
Table 12 Global Automotive Steel Revenue (USD Million) By Applications (2018-2022)
Table 13 Global Automotive Steel Revenue Market Share (%) By Applications (2018-2022)
Table 14 Global Automotive Steel Market Revenue (USD Million) By Regions (2018-2022)
Table 15 Global Automotive Steel Market Share (%) By Regions (2018-2022)
Table 16 North America Automotive Steel Revenue (USD Million) By Country (2018-2022)
Table 17 North America Automotive Steel Revenue (USD Million) By Type (2018-2022)
Table 18 North America Automotive Steel Revenue (USD Million) By Applications (2018-2022)
Table 19 Europe Automotive Steel Revenue (USD Million) By Country (2018-2022)
Table 20 Europe Automotive Steel Revenue (USD Million) By Type (2018-2022)
Table 21 Europe Automotive Steel Revenue (USD Million) By Applications (2018-2022)
Table 22 Asia Pacific Automotive Steel Revenue (USD Million) By Country (2018-2022)
Table 23 Asia Pacific Automotive Steel Revenue (USD Million) By Type (2018-2022)
Table 24 Asia Pacific Automotive Steel Revenue (USD Million) By Applications (2018-2022)
Table 25 South America Automotive Steel Revenue (USD Million) By Country (2018-2022)
Table 26 South America Automotive Steel Revenue (USD Million) By Type (2018-2022)
Table 27 South America Automotive Steel Revenue (USD Million) By Applications (2018-2022)
Table 28 Middle East and Africa Automotive Steel Revenue (USD Million) By Region (2018-2022)
Table 29 Middle East and Africa Automotive Steel Revenue (USD Million) By Type (2018-2022)
Table 30 Middle East and Africa Automotive Steel Revenue (USD Million) By Applications (2018-2022)
Table 31 Financial Analysis
Table 32 Global Automotive Steel Revenue (USD Million) By Type (2023-2030)
Table 33 Global Automotive Steel Revenue Market Share (%) By Type (2023-2030)
Table 34 Global Automotive Steel Revenue (USD Million) By Applications (2023-2030)
Table 35 Global Automotive Steel Revenue Market Share (%) By Applications (2023-2030)
Table 36 Global Automotive Steel Market Revenue (USD Million), And Revenue (USD Million) By Regions (2023-2030)
Table 37 North America Automotive Steel Revenue (USD)By Country (2023-2030)
Table 38 North America Automotive Steel Revenue (USD Million) By Type (2023-2030)
Table 39 North America Automotive Steel Revenue (USD Million) By Applications (2023-2030)
Table 40 Europe Automotive Steel Revenue (USD Million) By Country (2023-2030)
Table 41 Europe Automotive Steel Revenue (USD Million) By Type (2023-2030)
Table 42 Europe Automotive Steel Revenue (USD Million) By Applications (2023-2030)
Table 43 Asia Pacific Automotive Steel Revenue (USD Million) By Country (2023-2030)
Table 44 Asia Pacific Automotive Steel Revenue (USD Million) By Type (2023-2030)
Table 45 Asia Pacific Automotive Steel Revenue (USD Million) By Applications (2023-2030)
Table 46 South America Automotive Steel Revenue (USD Million) By Country (2023-2030)
Table 47 South America Automotive Steel Revenue (USD Million) By Type (2023-2030)
Table 48 South America Automotive Steel Revenue (USD Million) By Applications (2023-2030)
Table 49 Middle East and Africa Automotive Steel Revenue (USD Million) By Region (2023-2030)
Table 50 Middle East and Africa Automotive Steel Revenue (USD Million) By Region (2023-2030)
Table 51 Middle East and Africa Automotive Steel Revenue (USD Million) By Type (2023-2030)
Table 52 Middle East and Africa Automotive Steel Revenue (USD Million) By Applications (2023-2030)
Table 53 Research Programs/Design for This Report
Table 54 Key Data Information from Secondary Sources
Table 55 Key Data Information from Primary Sources
List of Figures
Figure 1 Market Scope
Figure 2 Porter’s Five Forces
Figure 3 Global Automotive Steel Revenue (USD Million) By Type (2018-2022)
Figure 4 Global Automotive Steel Revenue Market Share (%) By Type (2022)
Figure 5 Global Automotive Steel Revenue (USD Million) By Applications (2018-2022)
Figure 6 Global Automotive Steel Revenue Market Share (%) By Applications (2022)
Figure 7 Global Automotive Steel Market Revenue (USD Million) By Regions (2018-2022)
Figure 8 Global Automotive Steel Market Share (%) By Regions (2022)
Figure 9 North America Automotive Steel Revenue (USD Million) By Country (2018-2022)
Figure 10 North America Automotive Steel Revenue (USD Million) By Type (2018-2022)
Figure 11 North America Automotive Steel Revenue (USD Million) By Applications (2018-2022)
Figure 12 Europe Automotive Steel Revenue (USD Million) By Country (2018-2022)
Figure 13 Europe Automotive Steel Revenue (USD Million) By Type (2018-2022)
Figure 14 Europe Automotive Steel Revenue (USD Million) By Applications (2018-2022)
Figure 15 Asia Pacific Automotive Steel Revenue (USD Million) By Country (2018-2022)
Figure 16 Asia Pacific Automotive Steel Revenue (USD Million) By Type (2018-2022)
Figure 17 Asia Pacific Automotive Steel Revenue (USD Million) By Applications (2018-2022)
Figure 18 South America Automotive Steel Revenue (USD Million) By Country (2018-2022)
Figure 19 South America Automotive Steel Revenue (USD Million) By Type (2018-2022)
Figure 20 South America Automotive Steel Revenue (USD Million) By Applications (2018-2022)
Figure 21 Middle East and Africa Automotive Steel Revenue (USD Million) By Region (2018-2022)
Figure 22 Middle East and Africa Automotive Steel Revenue (USD Million) By Type (2018-2022)
Figure 23 Middle East and Africa Automotive Steel Revenue (USD Million) By Applications (2018-2022)
Figure 24 Global Automotive Steel Revenue (USD Million) By Type (2023-2030)
Figure 25 Global Automotive Steel Revenue Market Share (%) By Type (2030)
Figure 26 Global Automotive Steel Revenue (USD Million) By Applications (2023-2030)
Figure 27 Global Automotive Steel Revenue Market Share (%) By Applications (2030)
Figure 28 Global Automotive Steel Market Revenue (USD Million) By Regions (2023-2030)
Figure 29 North America Automotive Steel Revenue (USD Million) By Country (2023-2030)
Figure 30 North America Automotive Steel Revenue (USD Million) By Type (2023-2030)
Figure 31 North America Automotive Steel Revenue (USD Million) By Applications (2023-2030)
Figure 32 Europe Automotive Steel Revenue (USD Million) By Country (2023-2030)
Figure 33 Europe Automotive Steel Revenue (USD Million) By Type (2023-2030)
Figure 34 Europe Automotive Steel Revenue (USD Million) By Applications (2023-2030)
Figure 35 Asia Pacific Automotive Steel Revenue (USD Million) By Country (2023-2030)
Figure 36 Asia Pacific Automotive Steel Revenue (USD Million) By Type (2023-2030)
Figure 37 Asia Pacific Automotive Steel Revenue (USD Million) By Applications (2023-2030)
Figure 38 South America Automotive Steel Revenue (USD Million) By Country (2023-2030)
Figure 39 South America Automotive Steel Revenue (USD Million) By Type (2023-2030)
Figure 40 South America Automotive Steel Revenue (USD Million) By Applications (2023-2030)
Figure 41 Middle East and Africa Automotive Steel Revenue (USD Million) By Region (2023-2030)
Figure 42 Middle East and Africa Automotive Steel Revenue (USD Million) By Region (2023-2030)
Figure 43 Middle East and Africa Automotive Steel Revenue (USD Million) By Type (2023-2030)
Figure 44 Middle East and Africa Automotive Steel Revenue (USD Million) By Applications (2023-2030)
Figure 45 Bottom-Up and Top-Down Approaches For This Report
Figure 46 Data Triangulation
By Type
By Application
By Region