Automotive AHSS Market, By Product Type (Dual Phase, Martensitic Steel, Boron Steel and Others), By Vehicle Type (Passenger Car and Commercial Vehicle), By Application (Body & Closures, Suspensions, Bumper and Others) and Region – Forecast 2016- 2,023th
AK Steel Holding Corporation (US), ArcelorMittal SA (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.
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There has been an increase in the safety regulations and fuel economy. Steel industry on the development of new and advanced high-grade steel grades, whose unique metallurgical property and manufacturability help meet stringent requirements. Steel offers the highest strength level than other metals, and thus provides advantageous product application. AHSS is used in a number of applications, shows improved vehicle performance in fuel efficiency, affordability and durability. 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.
AHSS market. Low cost and growing consumer awareness. Moreover, strong global presence and innovation, driving the market in Asia Pacific. Growing urbanization and developing infrastructure so add to the market growth.
The choice of a material for automotive application depends on the function, environment, and requirements of the part being produced. 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 materials used in order to make them efficient and durable. In future, aluminum is going to 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 wants to directly affect the AHSS market.
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