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High Strength Steel-Global Market Insights and Sales Trends 2025
Synopsis
High Strength Steel is a type of alloy steel that provides better mechanical properties or greater resistance to corrosion than carbon steel. High Strength Steel includes conventional High-Strength Steels and advanced High-Strength Steels (AHSS). The conventional high-strength steels include High Strength Low Alloy Steels, Bake Hardenable Steels, Carbon Manganese Steels, and others. Advanced High-Strength Steels (AHSS) are complex, sophisticated materials, with carefully selected chemical compositions and multiphase microstructures resulting from precisely controlled heating and cooling processes.
The global High Strength Steel market size is expected to reach US$ 42810 million by 2029, growing at a CAGR of 3.8% from 2023 to 2029. The market is mainly driven by the significant applications of High Strength Steel in various end use industries. The expanding demands from the Automotive, Hoisting and mining equipment, Aviation and Marine and Others, are propelling High Strength Steel market. Conventional HSS, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the AHSS segment is estimated at % CAGR for the next seven-year period.
Global High Strength Steel key players include Arcelor Mittal, Baowu, POSCO, Nippon Steel, SSAB, etc. Global top five manufacturers hold a share about 58%. Asia-Pacific is the largest market, with a share about 45%, followed by America and Japan, both have a share about 30% percent. In terms of product, AHSS is the largest segment, with a share over 60%. And in terms of Application, the largest level is Automotive, followed by Hoisting and mining equipment, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for High Strength Steel, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global High Strength Steel market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global High Strength Steel market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, High Strength Steel sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of High Strength Steel covered in this report include Arcelor Mittal, Baowu, POSCO, Nippon Steel, SSAB, Ansteel, United States Steel, Voestalpine and ThyssenKrupp, etc.
The global High Strength Steel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Arcelor Mittal
Baowu
POSCO
Nippon Steel
SSAB
Ansteel
United States Steel
Voestalpine
ThyssenKrupp
JFE
Global High Strength Steel market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global High Strength Steel market, Segment by Type:
Conventional HSS
AHSS
Global High Strength Steel market, Application
Automotive
Hoisting and mining equipment
Aviation and Marine
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of High Strength Steel manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of High Strength Steel in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
High Strength Steel is a type of alloy steel that provides better mechanical properties or greater resistance to corrosion than carbon steel. High Strength Steel includes conventional High-Strength Steels and advanced High-Strength Steels (AHSS). The conventional high-strength steels include High Strength Low Alloy Steels, Bake Hardenable Steels, Carbon Manganese Steels, and others. Advanced High-Strength Steels (AHSS) are complex, sophisticated materials, with carefully selected chemical compositions and multiphase microstructures resulting from precisely controlled heating and cooling processes.
The global High Strength Steel market size is expected to reach US$ 42810 million by 2029, growing at a CAGR of 3.8% from 2023 to 2029. The market is mainly driven by the significant applications of High Strength Steel in various end use industries. The expanding demands from the Automotive, Hoisting and mining equipment, Aviation and Marine and Others, are propelling High Strength Steel market. Conventional HSS, one of the segments analysed in this report, is projected to record % CAGR and reach US$ million by the end of the analysis period. Growth in the AHSS segment is estimated at % CAGR for the next seven-year period.
Global High Strength Steel key players include Arcelor Mittal, Baowu, POSCO, Nippon Steel, SSAB, etc. Global top five manufacturers hold a share about 58%. Asia-Pacific is the largest market, with a share about 45%, followed by America and Japan, both have a share about 30% percent. In terms of product, AHSS is the largest segment, with a share over 60%. And in terms of Application, the largest level is Automotive, followed by Hoisting and mining equipment, etc.
Report Objectives
This report provides market insight on the different segments, by manufacturers, by Type, Application. Market size and forecast (2018-2029) has been provided in the report. The primary objectives of this report are to provide 1) global market size and forecasts, growth rates, market dynamics, industry structure and developments, market situation, trends; 2) global market share and ranking by company; 3) comprehensive presentation of the global market for High Strength Steel, with both quantitative and qualitative analysis through detailed segmentation; 4) detailed value chain analysis and review of growth factors essential for the existing market players and new entrants; 5) emerging opportunities in the market and the future impact of major drivers and restraints of the market.
Key Features of The Study:
This report provides in-depth analysis of the global High Strength Steel market, and provides market size (US$ million) and CAGR for the forecast period (2023-2029), considering 2022 as the base year.
This report profiles key players in the global High Strength Steel market based on the following parameters - company details (found date, headquarters, manufacturing bases), products portfolio, High Strength Steel sales data, market share and ranking.
This report elucidates potential market opportunities across different segments and explains attractive investment proposition matrices for this market.
This report illustrates key insights about market drivers, restraints, opportunities, market trends, regional outlook.
Key companies of High Strength Steel covered in this report include Arcelor Mittal, Baowu, POSCO, Nippon Steel, SSAB, Ansteel, United States Steel, Voestalpine and ThyssenKrupp, etc.
The global High Strength Steel market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts.
Market Segmentation
Company Profiles:
Arcelor Mittal
Baowu
POSCO
Nippon Steel
SSAB
Ansteel
United States Steel
Voestalpine
ThyssenKrupp
JFE
Global High Strength Steel market, by region:
North America (U.S., Canada, Mexico)
Europe (Germany, France, UK, Italy, etc.)
Asia Pacific (China, Japan, South Korea, Southeast Asia, India, etc.)
South America (Brazil, etc.)
Middle East and Africa (Turkey, GCC Countries, Africa, etc.)
Global High Strength Steel market, Segment by Type:
Conventional HSS
AHSS
Global High Strength Steel market, Application
Automotive
Hoisting and mining equipment
Aviation and Marine
Others
Core Chapters
Chapter One: Introduces the study scope of this report, executive summary of market segments by Type, market size segments for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Two: Detailed analysis of High Strength Steel manufacturers competitive landscape, price, sales, revenue, market share and ranking, latest development plan, merger, and acquisition information, etc.
Chapter Three: Sales, revenue of High Strength Steel in regional level. It provides a quantitative analysis of the market size and development potential of each region and introduces the future development prospects, and market space in the world.
Chapter Four: Introduces market segments Application, market size segment for North America, Europe, Asia Pacific, South America, Middle East & Africa.
Chapter Five, Six, Seven, Eight and Nine: North America, Europe, Asia Pacific, South America, Middle East & Africa, sales and revenue by country.
Chapter Ten: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.
Chapter Eleven: Analysis of industrial chain, key raw materials, manufacturing cost, and market dynamics. Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.
Chapter Twelve: Analysis of sales channel, distributors and customers.
Chapter Thirteen: Research Findings and Conclusion.
Index1 High Strength Steel Market Overview
1.1 High Strength Steel Product Overview
1.2 High Strength Steel Market Segment by Type
1.2.1 Conventional HSS
1.2.2 AHSS
1.3 Global High Strength Steel Market Size by Type
1.3.1 Global High Strength Steel Market Size Overview by Type (2018-2029)
1.3.2 Global High Strength Steel Historic Market Size Review by Type (2018-2023)
1.3.3 Global High Strength Steel Forecasted Market Size by Type (2024-2029)
1.4 Key Regions Market Size Segment by Type
1.4.1 North America High Strength Steel Sales Breakdown by Type (2018-2023)
1.4.2 Europe High Strength Steel Sales Breakdown by Type (2018-2023)
1.4.3 Asia-Pacific High Strength Steel Sales Breakdown by Type (2018-2023)
1.4.4 Latin America High Strength Steel Sales Breakdown by Type (2018-2023)
1.4.5 Middle East and Africa High Strength Steel Sales Breakdown by Type (2018-2023)
2 Global High Strength Steel Market Competition by Company
2.1 Global Top Players by High Strength Steel Sales (2018-2023)
2.2 Global Top Players by High Strength Steel Revenue (2018-2023)
2.3 Global Top Players by High Strength Steel Price (2018-2023)
2.4 Global Top Manufacturers High Strength Steel Manufacturing Base Distribution, Sales Area, Product Type
2.5 High Strength Steel Market Competitive Situation and Trends
2.5.1 High Strength Steel Market Concentration Rate (2018-2023)
2.5.2 Global 5 and 10 Largest Manufacturers by High Strength Steel Sales and Revenue in 2022
2.6 Global Top Manufacturers by Company Type (Tier 1, Tier 2 and Tier 3) & (based on the Revenue in High Strength Steel as of 2022)
2.7 Date of Key Manufacturers Enter into High Strength Steel Market
2.8 Key Manufacturers High Strength Steel Product Offered
2.9 Mergers & Acquisitions, Expansion
3 High Strength Steel Status and Outlook by Region
3.1 Global High Strength Steel Market Size and CAGR by Region: 2018 VS 2022 VS 2029
3.2 Global High Strength Steel Historic Market Size by Region
3.2.1 Global High Strength Steel Sales in Volume by Region (2018-2023)
3.2.2 Global High Strength Steel Sales in Value by Region (2018-2023)
3.2.3 Global High Strength Steel Sales (Volume & Value) Price and Gross Margin (2018-2023)
3.3 Global High Strength Steel Forecasted Market Size by Region
3.3.1 Global High Strength Steel Sales in Volume by Region (2024-2029)
3.3.2 Global High Strength Steel Sales in Value by Region (2024-2029)
3.3.3 Global High Strength Steel Sales (Volume & Value), Price and Gross Margin (2024-2029)
4 Global High Strength Steel Application
4.1 High Strength Steel Market Segment Application
4.1.1 Automotive
4.1.2 Hoisting and mining equipment
4.1.3 Aviation and Marine
4.1.4 Others
4.2 Global High Strength Steel Market Size Application
4.2.1 Global High Strength Steel Market Size Overview Application (2018-2029)
4.2.2 Global High Strength Steel Historic Market Size Review Application (2018-2023)
4.2.3 Global High Strength Steel Forecasted Market Size Application (2024-2029)
4.3 Key Regions Market Size Segment Application
4.3.1 North America High Strength Steel Sales Breakdown Application (2018-2023)
4.3.2 Europe High Strength Steel Sales Breakdown Application (2018-2023)
4.3.3 Asia-Pacific High Strength Steel Sales Breakdown Application (2018-2023)
4.3.4 Latin America High Strength Steel Sales Breakdown Application (2018-2023)
4.3.5 Middle East and Africa High Strength Steel Sales Breakdown Application (2018-2023)
5 North America High Strength Steel by Country
5.1 North America High Strength Steel Historic Market Size by Country
5.1.1 North America High Strength Steel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
5.1.2 North America High Strength Steel Sales in Volume by Country (2018-2023)
5.1.3 North America High Strength Steel Sales in Value by Country (2018-2023)
5.2 North America High Strength Steel Forecasted Market Size by Country
5.2.1 North America High Strength Steel Sales in Volume by Country (2024-2029)
5.2.2 North America High Strength Steel Sales in Value by Country (2024-2029)
6 Europe High Strength Steel by Country
6.1 Europe High Strength Steel Historic Market Size by Country
6.1.1 Europe High Strength Steel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
6.1.2 Europe High Strength Steel Sales in Volume by Country (2018-2023)
6.1.3 Europe High Strength Steel Sales in Value by Country (2018-2023)
6.2 Europe High Strength Steel Forecasted Market Size by Country
6.2.1 Europe High Strength Steel Sales in Volume by Country (2024-2029)
6.2.2 Europe High Strength Steel Sales in Value by Country (2024-2029)
7 Asia-Pacific High Strength Steel by Region
7.1 Asia-Pacific High Strength Steel Historic Market Size by Region
7.1.1 Asia-Pacific High Strength Steel Market Size Growth Rate (CAGR) by Region: 2018 VS 2022 VS 2029
7.1.2 Asia-Pacific High Strength Steel Sales in Volume by Region (2018-2023)
7.1.3 Asia-Pacific High Strength Steel Sales in Value by Region (2018-2023)
7.2 Asia-Pacific High Strength Steel Forecasted Market Size by Region
7.2.1 Asia-Pacific High Strength Steel Sales in Volume by Region (2024-2029)
7.2.2 Asia-Pacific High Strength Steel Sales in Value by Region (2024-2029)
8 Latin America High Strength Steel by Country
8.1 Latin America High Strength Steel Historic Market Size by Country
8.1.1 Latin America High Strength Steel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
8.1.2 Latin America High Strength Steel Sales in Volume by Country (2018-2023)
8.1.3 Latin America High Strength Steel Sales in Value by Country (2018-2023)
8.2 Latin America High Strength Steel Forecasted Market Size by Country
8.2.1 Latin America High Strength Steel Sales in Volume by Country (2024-2029)
8.2.2 Latin America High Strength Steel Sales in Value by Country (2024-2029)
9 Middle East and Africa High Strength Steel by Country
9.1 Middle East and Africa High Strength Steel Historic Market Size by Country
9.1.1 Middle East and Africa High Strength Steel Market Size Growth Rate (CAGR) by Country: 2018 VS 2022 VS 2029
9.1.2 Middle East and Africa High Strength Steel Sales in Volume by Country (2018-2023)
9.1.3 Middle East and Africa High Strength Steel Sales in Value by Country (2018-2023)
9.2 Middle East and Africa High Strength Steel Forecasted Market Size by Country
9.2.1 Middle East and Africa High Strength Steel Sales in Volume by Country (2024-2029)
9.2.2 Middle East and Africa High Strength Steel Sales in Value by Country (2024-2029)
10 Company Profiles
10.1 Arcelor Mittal
10.1.1 Arcelor Mittal Company Information
10.1.2 Arcelor Mittal Introduction and Business Overview
10.1.3 Arcelor Mittal High Strength Steel Sales, Revenue and Gross Margin (2018-2023)
10.1.4 Arcelor Mittal High Strength Steel Products Offered
10.1.5 Arcelor Mittal Recent Development
10.2 Baowu
10.2.1 Baowu Company Information
10.2.2 Baowu Introduction and Business Overview
10.2.3 Baowu High Strength Steel Sales, Revenue and Gross Margin (2018-2023)
10.2.4 Baowu High Strength Steel Products Offered
10.2.5 Baowu Recent Development
10.3 POSCO
10.3.1 POSCO Company Information
10.3.2 POSCO Introduction and Business Overview
10.3.3 POSCO High Strength Steel Sales, Revenue and Gross Margin (2018-2023)
10.3.4 POSCO High Strength Steel Products Offered
10.3.5 POSCO Recent Development
10.4 Nippon Steel
10.4.1 Nippon Steel Company Information
10.4.2 Nippon Steel Introduction and Business Overview
10.4.3 Nippon Steel High Strength Steel Sales, Revenue and Gross Margin (2018-2023)
10.4.4 Nippon Steel High Strength Steel Products Offered
10.4.5 Nippon Steel Recent Development
10.5 SSAB
10.5.1 SSAB Company Information
10.5.2 SSAB Introduction and Business Overview
10.5.3 SSAB High Strength Steel Sales, Revenue and Gross Margin (2018-2023)
10.5.4 SSAB High Strength Steel Products Offered
10.5.5 SSAB Recent Development
10.6 Ansteel
10.6.1 Ansteel Company Information
10.6.2 Ansteel Introduction and Business Overview
10.6.3 Ansteel High Strength Steel Sales, Revenue and Gross Margin (2018-2023)
10.6.4 Ansteel High Strength Steel Products Offered
10.6.5 Ansteel Recent Development
10.7 United States Steel
10.7.1 United States Steel Company Information
10.7.2 United States Steel Introduction and Business Overview
10.7.3 United States Steel High Strength Steel Sales, Revenue and Gross Margin (2018-2023)
10.7.4 United States Steel High Strength Steel Products Offered
10.7.5 United States Steel Recent Development
10.8 Voestalpine
10.8.1 Voestalpine Company Information
10.8.2 Voestalpine Introduction and Business Overview
10.8.3 Voestalpine High Strength Steel Sales, Revenue and Gross Margin (2018-2023)
10.8.4 Voestalpine High Strength Steel Products Offered
10.8.5 Voestalpine Recent Development
10.9 ThyssenKrupp
10.9.1 ThyssenKrupp Company Information
10.9.2 ThyssenKrupp Introduction and Business Overview
10.9.3 ThyssenKrupp High Strength Steel Sales, Revenue and Gross Margin (2018-2023)
10.9.4 ThyssenKrupp High Strength Steel Products Offered
10.9.5 ThyssenKrupp Recent Development
10.10 JFE
10.10.1 JFE Company Information
10.10.2 JFE Introduction and Business Overview
10.10.3 JFE High Strength Steel Sales, Revenue and Gross Margin (2018-2023)
10.10.4 JFE High Strength Steel Products Offered
10.10.5 JFE Recent Development
11 Upstream, Opportunities, Challenges, Risks and Influences Factors Analysis
11.1 High Strength Steel Key Raw Materials
11.1.1 Key Raw Materials
11.1.2 Key Raw Materials Price
11.1.3 Raw Materials Key Suppliers
11.2 Manufacturing Cost Structure
11.2.1 Raw Materials
11.2.2 Labor Cost
11.2.3 Manufacturing Expenses
11.3 High Strength Steel Industrial Chain Analysis
11.4 High Strength Steel Market Dynamics
11.4.1 High Strength Steel Industry Trends
11.4.2 High Strength Steel Market Drivers
11.4.3 High Strength Steel Market Challenges
11.4.4 High Strength Steel Market Restraints
12 Market Strategy Analysis, Distributors
12.1 Sales Channel
12.2 High Strength Steel Distributors
12.3 High Strength Steel Downstream Customers
13 Research Findings and Conclusion
14 Appendix
14.1 Research Methodology
14.1.1 Methodology/Research Approach
14.1.2 Data Source
14.2 Author Details
14.3 Disclaimer
Published By : QY Research
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