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The global automotive steel market size is expected to grow from $107.81 billion in 2022 to $113.76 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%.
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Automotive Steel Global Market Report 2023 Market Size, Trends and Global Forecast 2023-2032 © The Business Research Company. All Rights Reserved.
Automotive Steel Market Segments The Business Research Company segments it’s Automotive Steel market report as: Mild Steel, Alloy Steel, High Strength Steel, Advanced High Strength By Component Basic Oxygen Furnace (BOF), Electric Arc Furnace (EAF) By Process Body structure, Power train, Suspension, Other Applications By Application Passenger Vehicles, Light Commercial Vehicles, Heavy Commercial Vehicles By Vehicle Type © The Business Research Company. All Rights Reserved.
Automotive Steel Market Statistics The global automotive steel market size is expected to grow from $107.81 billion in 2022 to $113.76 billion in 2023 at a compound annual growth rate (CAGR) of 5.5%. The global automotive steel market size is expected to reach $135.24 billion in 2027 at a CAGR of 4.4%. Global Automotive Steel Market Size Forecast To 2032 135.24 113.76 107.81 2022 2023 2027 Click Here To Get A Sample Report © The Business Research Company. All Rights Reserved.
Key Market Drivers And Trends Drivers The rising demand for automobiles is expected to propel the growth of the automotive steel market going forward. Trends Product innovation is a key trend gaining popularity in the automotive steel market. Region Asia-Pacific was the largest region in the automotive steel market in 2022. The regions covered in the global automotive steel market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. © The Business Research Company. All Rights Reserved.
Key Market Players Major players in the Automotive Steel market are: ▪ ArcelorMittal ▪ Tata Steel ▪ HYUNDAI-STEEL ▪ United States Steel ▪ JSW Steel, ▪ And more. Get More Information On The Automotive Steel Market Report © The Business Research Company. All Rights Reserved.
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