According to a market report by Lucintel, the future of the global automotive AHSS market looks promising with opportunities in the body and closure, suspension, bumper and intrusion beam markets. The global automotive AHSS market is expected to reach an estimated $40 billion by 2030 from $21.3 billion in 2023 at a CAGR of 9% from 2024 to 2030. The major drivers for this market are development of third-generation AHSS, multi-phase AHSS (mp-AHSS), and integration with hybrid and electric vehicles (evs).
In this market, passenger car, light commercial vehicle are the major segments of automotive AHSS market by vehicle type.
Lucintel forecasts that body and closure will remain the largest segment over the forecast period.
Within this market, passenger car will remain the largest segment.
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Europe will remain the largest region over the forecast period.
ArcelorMittal, ThyssenKrupp, POSCO, Tata Steel, SSAB, United Steel Corporation, and AK steel are the major suppliers in the automotive AHSS market.
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Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: [email protected]
Tel. +1 972.636.5056
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