Asia Pacific Automotive AHSS Market Share

Market Share of Asia Pacific Automotive AHSS Industry

Key players like ArcelorMittal SA, SSAB AB, and Tata Steel Limited currently dominate the Asia-Pacific automotive AHSS market. However, with the rising demand for AHSS in the region, manufacturers are seeking competitive advantages through joint ventures, partnerships, and the introduction of technologically advanced products. Additionally, the expansion of manufacturing facilities by several steel manufacturers across the region is poised to present lucrative opportunities for the market during the forecast period. For instance,

• In May 2024, ArcelorMittal Nippon Steel India launched an ambitious expansion, introducing a cutting-edge cold rolling mill. This facility is pivotal for bolstering the company's production capabilities. Furthermore, the expansion encompasses a dedicated automotive plant, specifically designed for steel production in electric vehicles (EVs). This strategic decision not only emphasizes the company's dedication to the shift towards sustainable electric mobility but also showcases its proactive approach to cater to the surging demand for premium materials in the EV sector.
• In May 2023, POSCO Co. Ltd.completed the construction of a state-of-the-art integrated facility in Jiangsu Province, China. This facility specializes in producing high-strength steel, branded as Giga Steel, tailored for the automotive sector. With this advanced plant, POSCO aims to bolster its ability to provide cutting-edge materials, aligning with the surging demands of the automotive industry.

Asia-Pacific Automotive AHSS Market Leaders

1. ArcelorMittal SA

2. Tata Steel Limited

3. SSAB AB

4. KOBE STEEL, LTD

5. Baosteel Co. Ltd.

*Disclaimer: Major Players sorted in no particular order