How big is the Europe Automotive AHSS Market?

The Europe Automotive AHSS Market size is expected to reach USD 4.81 billion in 2024 and grow at a CAGR of 8.80% to reach USD 7.33 billion by 2029. Read More

What is the current Europe Automotive AHSS Market size?

In 2024, the Europe Automotive AHSS Market size is expected to reach USD 4.81 billion. Read More

Who are the key players in Europe Automotive AHSS Market?

ThyssenKrupp AG, ArcelorMittal SA, SSAB AB, Baoshan Iron & Steel Co. Ltd. and POSCO Co., Ltd. are the major companies operating in the Europe Automotive AHSS Market. Read More

Which is the fastest growing region in Europe Automotive AHSS Market?

Europe is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Europe Automotive AHSS Market?

In 2024, the Europe accounts for the largest market share in Europe Automotive AHSS Market. Read More

What years does this Europe Automotive AHSS Market cover, and what was the market size in 2023?

In 2023, the Europe Automotive AHSS Market size was estimated at USD 4.39 billion. The report covers the Europe Automotive AHSS Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Europe Automotive AHSS Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Europe Automotive AHSS Market Size & Share Analysis - Industry Research Report

Europe Automotive AHSS Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)

The Europe Automotive AHSS Marke Report is Segmented by Application Type (Engine Parts, Transmission Components, Structural Parts, and Others), Vehicle Type (Passenger Cars and Commercial Vehicles), and Geography (United Kingdom, Germany, France, Italy, Spain, and the Rest of Europe). The Report Offers Market Size and Forecast in Value (USD Million) for all the Above Segments.

Europe Automotive AHSS Industry Overview

The Europe Automotive AHSS Market is dominated by several key players such as ThyssenKrupp AG, SSAB AB, POSCO Co. Ltd., ArcelorMittal SA, Baoshan Iron & Steel Co. Ltd., and others. As the demand for AHSS is growing in the region, the automotive AHSS manufacturers are trying to have the edge over their competitors by making joint ventures, and partnerships, and launching new products with advanced technology. Hence, driving the automotive AHSS market in Europe. For instance,

In November 2023, Thyssenkrupp AG and JFE Steel Corporation jointly introduced the jetQ, the Advanced High Strength Steels (AHSS) for electric mobility. The new jetQ 980 and jetQ 1180 grades for geometrically complex body structure components.
In February 2023, ArcelorMittal and I-FEVS Italy introduced a new collaboration aimed at developing safe, light, sustainable, and affordable innovative steel solutions for e-mobility applications. The new I-FEVS solutions will rely on ArcelorMittal’s advanced high-strength steels (AHSS) which are majorly used in mobility applications. The collaboration includes the industrialization of battery envelops and body frame structures, the investigation of advanced steel solutions for micro-mobility solutions, the design of ultralight AHSS structures for emerging urban mobility solutions, and the incorporation of innovative, high-efficiency solar panel structures into EVs.