Automotive AHSS Market

Posted by Abhijeet Bendre on September 11th, 2019

Market Research Future published a Cooked research report on “Automotive AHSS Market Research Report - Forecast to 2023” – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

AK Steel Holding Corporation (U.S.), ArcelorMittal S.A. (Luxembourg), China Baowu Steel Group Corp., Ltd. (China), Kobe Steel Ltd.( Japan), POSCO (South Korea), SSAB AB (Sweden), Tata Steel Limited(India), ThyssenKrupp AG(Germany) and United Steel Corporation (India)., and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global AHSS market.

AHSS Market Global Market – Overview

There has been increase in the safety regulations and fuel economy regulation and need for improved material have also increased. Steel industry focuses on these needs through development of new and advanced high strength steel grades, whose unique metallurgical property and manufacturability help meet stringent requirements. Steel offers the highest strength level than other metals, and also gives advantageous product application. AHSS is used in a number of applications, shows improved vehicle performance in fuel efficiency, affordability and durability. Depending upon position and application AHSS serves different functions. Many companies focusing on high-quality products and on the changing lifestyle of consumers, enhance the growth of the AHSS market for automotive. Low cost and growing consumer awareness about cost effective nature and more energy efficient vehicles, are driving automotive AHSS market. Moreover, strong global presence and innovations, drive the market in Asia Pacific. Growing urbanization, and developing infrastructure also add to the market growth.

The choice of a material for an automotive application depends on the function, environment, and requirements of the part being produced. On the basis of product type of automotive AHSS includes dual phase steel, martensitic steel, boron steel and others. Dual-phase steels (DP steels) consist of ferrite, and a dispersed hard martensitic second phase in the form of islands. Usually they are low-carbon low-alloy materials. They combine high strength and good formability at low production costs, and they are widely used in automotive applications

In case of AHSS industry, there are not much of the technology used, so the technology progress is medium. In order to make AHSS innovative, there are various material used in order to make them efficient and durable. In future, aluminum is going to be a trend due to its light weight property. The technology progress in structural sheet metal industry has been developing highly in recent years. The development and innovation in the sheet metal forming technologies determines the progress in the system control and press tool construction. There has been growth in the forming technologies such as hydroforming, electromagnetic metal forming, and others. This growth in the structural sheet metal industry will directly affect the AHSS market.

Industry/ Innovation/ Related News:

The key strategies followed by most companies within the global AHSS market are that of new product development.

On Sep 2015, POSCO has expanded their product line in premium automotive steel sheet.

On Sep 2017, Kobe Steel, Ltd. has turned Shinko Wire Company, Ltd. into a subsidiary in association with Shinko Wire’s absorption-type merger of Tesac Wirerope Co., Ltd.

On Sep 2017, Tata Steel has signed a memorandum of understanding with ThyssenKrupp with a 50:50 joint venture. The joint venture will combine the flat steel business of the two companies.

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