Market Trends of North America Automotive AHSS Industry
This section covers the major market trends shaping the North America Automotive AHSS Market according to our research experts:
Continuous Evolution in automotive AHSS technology
The steel composition involves 34% as the body structure, panels, doors, and trunk closures, giving it an energy absorption as well as high-strength and in case of a crash. 23% is the engine and machinable carbon steel for the wear-resistant gears. 12% is used in the suspension, using rolled high-strength steel and the remainder in the wheels, tires, fuel tank, steering, and braking systems.
To produce higher strength for reduced steel section size and weight, automakers use less material, significantly reducing a vehicle's weight. The steel industry is focusing on developing different alloys for processing combinations, steel with high tensile strength and ductility, along with optimizes chemical compositions to achieve multiphase microstructures of AHSS.
Other advancements include the expanded capabilities to automotive steels that have high strength, which enable the design of thinner parts optimizing stiffness but maintaining geometries. AHSS such as Nano Steel helps deliver thinner gauges of steel and components to manufacture at room temperature.
United States Remains Largest Market
The United States government raised norms for CAFÉ fuel standards and EPA Tier-3 norms
In the United States, the Corporate Average Fuel Economy (CAFE) implemented laws to improve fuel efficiency for automobiles categories by 2025. There is an increasing growth rate for miles per gallon (MPG) regulation, which is growing at 5% every year for all segments of automobiles.
Manufacturers are working to reduce overall vehicle weight, which lowers the energy required to operate the vehicle, thereby increasing fuel economy. The Body-In-White system is the critical focal point for automakers looking for fuel savings because of its weight reduction potential, importance to crash safety and impact on compounded weight reduction for other sub-systems, such as the powertrain
Often materials are not recycled and sent to landfills. Environmental Protection Agency (EPA) proposed life cycle assessment (LCA) studies to detect higher emissions over the entire life cycle of the vehicle. LCA looks at resources, energy, emissions, extraction phase, and end-of-life phase along with disposal and recycling. As a result, there is growing importance being given to AHSS technology and its recyclability process due to regulations to limit GHG emissions from vehicles.
