NEW YORK, Sept. 21, 2021 /PRNewswire/ -- The high-strength steel market is poised to grow by $ 13.73 bn during 2021-2025, progressing at a CAGR of 9.86% during the forecast period, according to Technavio. The report offers an up-to-date analysis and to know exact growth variance and the Y-O-Y growth rate - Request a free sample report.
The market is fragmented, and the degree of fragmentation will accelerate during the forecast period. ArcelorMittal SA, Essar Steel India Ltd., HBIS Group Co. Ltd., Hyundai Steel Co., JSW STEEL Ltd., Nippon Steel Corp., Nucor Corp., POSCO, Tata Steel Ltd., and United States Steel Corp. are some of the major market participants. To make the most of the opportunities, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
Growing demand for high-strength steel in the automobile industry has been instrumental in driving the growth of the market. However, volatile prices of raw materials might hamper the market growth.
High Strength Steel Market 2021-2025: Segmentation
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High Strength Steel Market 2021-2025: Scope
Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources. Our high strength steel market report covers the following areas:
High Strength Steel Market size
High Strength Steel Market trends
High Strength Steel Market industry analysis
This study identifies the growing global construction industry as one of the prime reasons driving the high-strength steel market growth during the next few years.
High Strength Steel Market 2021-2025: Vendor Analysis
We provide a detailed analysis of around 25 vendors operating in the High Strength Steel Market. Backed with competitive intelligence and benchmarking, our research reports on the High Strength Steel Market are designed to provide entry support, customer profile, and M&As as well as go-to-market strategy support.
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High Strength Steel Market 2021-2025: Key Highlights
CAGR of the market during the forecast period 2021-2025
Detailed information on factors that will assist high strength steel market growth during the next five years
Estimation of the high strength steel market size and its contribution to the parent market
Predictions on upcoming trends and changes in consumer behavior
The growth of the high strength steel market
Analysis of the market's competitive landscape and detailed information on vendors
Comprehensive details of factors that will challenge the growth of high strength steel market vendors
Table Of Contents :
Value chain analysis
Market segment analysis
Market size 2020
Market outlook: Forecast for 2020 - 2025
Five Forces Analysis
Bargaining power of buyers
Bargaining power of suppliers
Threat of new entrants
Threat of substitutes
Threat of rivalry
Market Segmentation by Application
Comparison by Application
Automotive - Market size and forecast 2020-2025
Construction - Market size and forecast 2020-2025
Aviation - Market size and forecast 2020-2025
Others - Market size and forecast 2020-2025
Market opportunity by Application
APAC - Market size and forecast 2020-2025
North America - Market size and forecast 2020-2025
Europe - Market size and forecast 2020-2025
South America - Market size and forecast 2020-2025
MEA - Market size and forecast 2020-2025
Key leading countries
Market opportunity by geography
Market positioning of vendors
Essar Steel India Ltd.
HBIS Group Co. Ltd.
Hyundai Steel Co.
JSW STEEL Ltd.
Nippon Steel Corp.
Tata Steel Ltd.
United States Steel Corp.
Scope of the report
Currency conversion rates for US$
List of abbreviations
About Us Technavio is a leading global technology research and advisory company. Their research and analysis focus on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavio's report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio's comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.