IRVING, Texas, June 8, 2017 /PRNewswire/ -- According to a new market report published by Lucintel, the global automotive AHSS market is expected to reach an estimated $27.0 billion by 2022 and it is forecast to grow at a CAGR of 10.4% from 2017 to 2022. The major drivers of growth for this market are increasing vehicle production, reduction in fuel consumption, lower cost of AHSS materials than other lightweight materials and growing government regulations regarding CO2 emissions.
Browse 249 market data tables and 87 figures spread through 311 pages and in-depth TOC on "Global Automotive AHSS Market"
Europe is expected to remain the largest region due to the presence of the top three major luxury vehicle manufacturers, improvement in the economic conditions and increasing investment by the industry players within the Europe region.
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Emerging trends, which have a direct impact on the dynamics of the industry include the introduction of pre-oxidation for galvanizing AHSS and development of third generation AHSS. ArcelorMittal SA, ThyssenKrupp AG, POSCO, SSAB AB, and AK Steel are the major suppliers in the automotive AHSS market.
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The study includes a forecast for the growth opportunities in the global automotive AHSS market by product type, vehicle type, application type and region, as follows:
By Product types (Value ($ Million) and Volume (Million lbs.) from 2011 to 2022)
- Dual Phase Steel
- Martensitic Steel
- Boron Steel
- TRIP Steel
By Vehicle types (Value ($ Million) and Volume (Million lbs.) from 2011 to 2022)
- Passenger Cars
- Light Commercial Vehicle
By Application types (Value ($ Million) and Volume (Million lbs.) from 2011 to 2022)
- Body and Closures
- Bumper and Intrusion Beams
By Region (Value ($ Million) and Volume (Million lbs.) from 2011 to 2022)
- North America
- Asia Pacific
- Rest of the World
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