The Future of Lightweight Vehicles: Insights into the Automotive Advanced High Strength Steel Market

Researchinsighters11 Jul, 2025Business

The "Automotive Advanced High Strength Steel Market Report, 2030" by Grand View Research provides a comprehensive analysis of the global market for advanced high strength steel (AHSS) in the automotive sector. The market, valued at approximately USD 16.95 billion in 2023, is projected to grow to USD 25.45 billion by 2030, with a CAGR of 6.4% from 2024 to 2030. Key drivers include the increasing demand for lightweight vehicles to enhance fuel efficiency and reduce emissions. The report highlights the dominance of the Asia Pacific region, particularly China, in market share, and emphasizes trends in vehicle types, product categories, and applications. Major players like ArcelorMittal and SSAB are noted for their contributions to the sector.