Industry Insights
The global High strength steel market was valued at USD 19.2 billion in 2018. Growth of the automotive and construction industries across the globe, environmentally sustainable properties of the products, and ability of the steel to achieve legal compliance are some of the factors favoring market growth.
The global High strength steel market is segmented on the basis of Type and Application. The global High strength steel market is segmented based on Type as Dual phase, Transformation Inducted Plasticity (TRIP), Bake hardenable (BH), Martensitic, and Others. Based on Application the global High strength steel market is segregated as Automotive, Construction, Mining equipment, Aviation & Marine, and Others.
The regional outlook on the global High strength steel market covers regions, such as North America, Europe, Asia-Pacific, and Rest of the World. The High strength steel market for each region is further bifurcated for major countries including the U.S., Canada, Germany, the U.K., France, Italy, China, India, Japan, Brazil, South Africa, and others.
Competitive Landscape
Augmented used of the products in industries such as automotive, and construction have opened up new avenues for the product. The global High strength steel market is highly competitive in nature with major players including Bohler-Uddeholm Corp., ArcelorMittal S.A., The United States Steel Corporation, Voestalpine AG, ThyssenKrupp AG, Ansteel Group Corporation, POSCO Co., Ltd, Nucor Corporation, SSAB, AK Steel Holding Corporation, Tata Steel, and others. The report covers competitive analysis on the key market share holders. The companies are focused on several expansion and growth strategies to enhance their footprint in the High strength steel market. Market players are also involved in value chain integration gain competitive advantage.
Report Scope:
The High strength steel market report scope covers the in-depth business analysis considering major market dynamics, forecast parameters, and price trends for the industry growth. The report forecasts market sizing at global, regional and country levels, providing comprehensive outlook of industry trends in each market segments and sub-segments from 2017 to 2024. The market segmentations include,
High strength steel Market, By Type
• Dual phase
• Transformation Inducted Plasticity (TRIP)
• Bake hardenable (BH)
• Martensitic
• Others
High strength steel Market, By Application
• Automotive
• Construction
• Mining equipment
• Aviation & Marine
• Others
High strength steel Market, By Region
• North America
• Europe
• Asia-Pacific
• Rest of the World
The report scope also includes competitive landscape covering the competitive analysis, strategy analysis and company profiles of the major market players. The companies profiled in the report include Bohler-Uddeholm Corp., ArcelorMittal S.A., The United States Steel Corporation, Voestalpine AG, ThyssenKrupp AG, Ansteel Group Corporation, POSCO Co., Ltd, Nucor Corporation, SSAB, AK Steel Holding Corporation, Tata Steel, and others. Company profiles cover company overview, product landscape, financial overview, and strategy analysis.
Report Highlights
• Global High strength steel market sizes from 2017 to 2024
• Market growth projections through 2024 and the resultant market forecast for 2024
• Impact of the market dynamics including market drivers, restraints and opportunities in the market size
• Key industry trends, product trends, and application trends
• Major driving/ leading segmentations, regions and countries in the global High strength steel market
• Competitive analysis with comprehensive company profiles of the leading industry players
• In-depth analysis on growth and expansion strategies adopted by market players and their resulting effect on market growth and competition
Report Customizations
The customization research services cover the additional custom report features such as additional regional and country level analysis as per the client requirements.
Table of Contents
1. Introduction
1.1 Key Insights
1.2 Report Overview
1.3 Markets Covered
1.4 Stakeholders
2. Research Methodology
2.1 Research Scope
2.2 Market Research Process
2.3 Research Data Analysis
2.4.1 Secondary Research
2.4.2 Primary Research
2.4.3 Models for Estimation
2.5 Market Size Estimation
2.5.1 Bottom-Up Approach - Segmental Market Analysis
2.5.2 Top-Down Approach - Parent Market Analysis
3. Executive Summary
4. Market Overview
4.1 Introduction
4.2.1 Drivers
4.2.2 Restraints
4.2.3 Opportunities
4.2.4 Challenges
4.2 Porter's Five Force Analysis
5. High strength steel Market, By Type
5.1 Introduction
5.2 Dual phase
5.2.1 Market Overview
5.2.2 Market Size and Forecast
5.3 Transformation Inducted Plasticity (TRIP)
5.3.1 Market Overview
5.3.2 Market Size and Forecast
5.4 Bake hardenable (BH)
5.4.1 Market Overview
5.4.2 Market Size and Forecast
5.5 Martensitic
5.5.1 Market Overview
5.5.2 Market Size and Forecast
5.6 Others
5.6.1 Market Overview
5.6.2 Market Size and Forecast
6. High strength steel Market, By Application
6.1 Introduction
6.2 Automotive
6.2.1 Market Overview
6.2.2 Market Size and Forecast
6.3 Construction
6.3.1 Market Overview
6.3.2 Market Size and Forecast
6.4 Mining equipment
6.4.1 Market Overview
6.4.2 Market Size and Forecast
6.5 Aviation & Marine
6.5.1 Market Overview
6.5.2 Market Size and Forecast
6.6 Others
6.6.1 Market Overview
6.6.2 Market Size and Forecast
7. High strength steel Market, By Geography
7.1 Introduction
7.2 North America
7.2.1 North America High strength steel, By Type
7.2.2 North America High strength steel, By Application
7.3 Europe
7.3.1 Europe High strength steel, By Type
7.3.2 Europe High strength steel, By Application
7.4 Asia-Pacific
7.4.1 Asia-Pacific High strength steel, By Type
7.4.2 Asia-Pacific High strength steel, By Application
7.5 Rest of the World
7.5.1 Rest of the World High strength steel, By Type
7.5.2 Rest of the World High strength steel, By Application
8. Competitive Insights
8.1 Key Insights
8.2 Company Market Share Analysis
8.3 Strategic Outlook
8.3.1 Mergers & Acquisitions
8.3.2 New Product Development
8.3.3 Portfolio/Production Capacity Expansions
8.3.4 Joint Ventures, Collaborations, Partnerships & Agreements
8.3.5 Others
9. Company Profiles
9.1 Bohler-Uddeholm Corp.
9.1.1 Company Overview
9.1.2 Product/Service Landscape
9.1.3 Financial Overview
9.1.4 Recent Developments
9.2 ArcelorMittal S.A.
9.2.1 Company Overview
9.2.2 Product/Service Landscape
9.2.3 Financial Overview
9.2.4 Recent Developments
9.3 The United States Steel Corporation
9.3.1 Company Overview
9.3.2 Product/Service Landscape
9.3.3 Financial Overview
9.3.4 Recent Developments
9.4 Voestalpine AG
9.4.1 Company Overview
9.4.2 Product/Service Landscape
9.4.3 Financial Overview
9.4.4 Recent Developments
9.5 ThyssenKrupp AG
9.5.1 Company Overview
9.5.2 Product/Service Landscape
9.5.3 Financial Overview
9.5.4 Recent Developments
9.6 Ansteel Group Corporation
9.6.1 Company Overview
9.6.2 Product/Service Landscape
9.6.3 Financial Overview
9.6.4 Recent Developments
9.7 POSCO Co., Ltd
9.7.1 Company Overview
9.7.2 Product/Service Landscape
9.7.3 Financial Overview
9.7.4 Recent Developments
9.8 Nucor Corporation
9.8.1 Company Overview
9.8.2 Product/Service Landscape
9.8.3 Financial Overview
9.8.4 Recent Developments
9.9 SSAB
9.9.1 Company Overview
9.9.2 Product/Service Landscape
9.9.3 Financial Overview
9.9.4 Recent Developments
9.10 AK Steel Holding Corporation
9.10.1 Company Overview
9.10.2 Product/Service Landscape
9.10.3 Financial Overview
9.10.4 Recent Developments
9.11 Tata Steel
9.11.1 Company Overview
9.11.2 Product/Service Landscape
9.11.3 Financial Overview
9.11.4 Recent Developments
SDMR employs a three way data triangulation approach to arrive at market estimates. We use primary research, secondary research and data triangulation by top down and bottom up approach
Secondary Research:
Our research methodology involves in-depth desk research using various secondary sources. Data is gathered from association/government publications/databases, company websites, press releases, annual reports/presentations/sec filings, technical papers, journals, research papers, magazines, conferences, tradeshows, and blogs.
Key Data Points through secondary research-
Macro-economic data points
Import Export data
Identification of major market trends across various applications
Primary understanding of the industry for both the regions
Competitors analysis for the production capacities, key production sites, competitive landscape
Key customers
Production Capacity
Pricing Scenario
Cost Margin Analysis
Key Data Points through primary research-
Major factors driving the market and its end application markets
Comparative analysis and customer analysis
Regional presence
Collaborations or tie-ups
Annual Production, and sales
Profit Margins
Average Selling Price
Data Triangulation:
Data triangulation is done using top down and bottom approaches. However, to develop accurate market sizing estimations, both the methodologies are used to accurately arrive at the market size.
