Automotive Structural Sheet Market Research Report- Forecast to 2030

Automotive Structural Sheet Market Research Report Information Report by Application (Chassis and Exterior), Vehicle Type (Passenger Vehicle and Commercial Vehicle), and by Regions - Global Forecast To 2030

ID: MRFR/AM/3850-HCR | 111 Pages | Author: Swapnil Palwe | February 2024         

Automotive Structural Sheet Market Scenario

The Automotive Structural Sheet market is projected to grow from USD 98,000 Million by 2030, exhibiting a compound annual growth rate (CAGR) of 4.3% during the forecast period (2022–2030).

The automotive structural sheet market has witnessed a significant surge, mainly due to the current hype regarding the mobility services, autonomous, driving, digitization and electric powertrains, dominating the automotive industry. With the current boom in automotive production, across the globe the automotive chassis and exterior account for a major share, leading to the development of the automotive structural sheet market.  Weight reduction in vehicles, is another major trend in the market that is expected to boost the demand, with manufacturers opting for lightweight materials to ensure reduction in emission rates. With major manufacturers and suppliers in the automotive industry competing at global level, the intensity of competition within the automotive industry, has increased.  Such intense competition is pushing various manufacturers and suppliers, across the supply chain to develop high quality structural sheet to acquire greater market share.

Fluctuating cost of steel is expected to be a major retraining factor in the automotive structural sheet market.  The increasing demand for steel is directly proportional to the increasing demand for automobiles, across the globe. Raw materials are the biggest cost driver for the automotive industry with approximately 22% of an automaker’s operational costs depending on steel.

Regional Analysis

The Asia Pacific automotive structural sheet market is currently, growing. Rapidly rising vehicle production in this region, is one of the primary driving factors. Improving infrastructure in this region combined with improving living standards have, positively impacted the automotive industry, as a whole. Additionally a global shift has been witnessed, with Asia Pacific region proving lucrative for major manufacturers in the market, in the form of tax cuts and government subsidies. Availability of cheap labor in this region, has also been a key factor in the automotive structural sheet market. China is the key growth driver, as its body safety structures are expected to be adapted to European standards, including wider use of hot stamping components for structural components.

North America and Europe are the other two leading regions, due to the established automotive industry. Existence of major manufacturers in this region, is also a key driver for the automotive structural sheet industry. Heavy investment in research and development enable manufacturers in this region to develop new techniques and products to tap into the future market trends. A key trend in this region has been the development of the lightweight material to tackle the problem of high emission rates.

The automotive industry is in the nascent stage in the Middle East and South America. The market for automotive structural sheet is expected to register steady growth during the forecast period. These regions are expected to have opportunities in the future, with many automotive and sheet manufacturers pumping investments to capitalize on the abundant demand.

The key players of global Automotive Structural Sheet market are 

  • Associated Materials LLC(U.S.), 

  • ABC Sheet Metal(U.S.), 

  • A&E Manufacturing Company(U.S.), 

  • ATAS International Inc(U.S.), 

  • BlueScope Steel Limited(Australia), 

  • Bud Industries Inc(U.S.), 

  • General Sheet Metal Works Inc(U.S.), 

  • NCI Building Systems(U.S.), Inc., 

  • Nucor Corporation(U.S.), 

  • United States Steel Corporation(U.S.), 

  • Alcoa Inc(U.S.), 

  • Wise Alloys LLC(U.S.), 

  • Noble Industries(U.S.), 

  • Autoline Industries Ltd(India) 

  • Prototek(India). 

Market Segmentation

 Automotive Structural Sheet Market 

Intended Audience

  • Distributer & Supplier companies

  • End Users

  • Consultants and Investment bankers

  • Government as well as Independent Regulatory Authorities

Product Analysis

  • Product matrix which gives a detailed comparison of the market for different recycled product types

Additional Information

  • Regulatory Landscape

  • Pricing Analysis

  • Macroeconomic Indicators

Geographic Analysis

  • Geographical analysis across 15 countries

Company Information

  • Profiling of 10 key market players

  • In-depth analysis including SWOT analysis, and strategy information of related to report title

  • Competitive landscape including emerging trends adopted by major companies

The report for Global Automotive Structural Sheet Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.

Report Scope:

Report Attribute/Metric Details
Market Size 2030 USD 98,000 Million
Compound Annual Growth Rate (CAGR) 4.3% (2022-2030)
Base Year 2022
Market Forecast Period 2022-2030
Historical Data 2019 & 2020
Market Forecast Units Value (USD Million)
Report Coverage Revenue Forecast, Market Competitive Landscape, Growth Factors, and Trends
Segments Covered Application and Vehicle Type
Geographies Covered North America, Europe, Asia Pacific, and the Rest of the World
Countries Covered The U.S, Canada, Germany, France, the U.K., Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil
Key Companies Profiled Associated Materials LLC(U.S.), ABC Sheet Metal(U.S.), A&E Manufacturing Company(U.S.), ATAS International Inc(U.S.), BlueScope Steel Limited(Australia), Bud Industries Inc(U.S.), General Sheet Metal Works Inc(U.S.), NCI Building Systems(U.S.), Inc., Nucor Corporation(U.S.), United States Steel Corporation(U.S.), Alcoa Inc(U.S.), Wise Alloys LLC(U.S.), Noble Industries(U.S.), Autoline Industries Ltd(India) and Prototek(India)
Key Market Opportunities Improving living standards have, positively impacted the automotive industry
Key Market Dynamics Rapidly rising vehicle production in this region Improving infrastructure in this region

Frequently Asked Questions (FAQ) :

The market can attain a growth rate of 4.3% in the near future.

Associated Materials LLC(U.S.), ABC Sheet Metal(U.S.), A&E Manufacturing Company(U.S.), ATAS International Inc(U.S.), BlueScope Steel Limited(Australia), Bud Industries Inc(U.S.)

The market for automobile structural sheets in Asia-Pacific is currently expanding. Automobile manufacturing in this area is rising quickly.

The study period of global Automotive Structural Sheet Market is 2020 - 2030

Key Questions Answered

  • Global Market Outlook
  • In-depth analysis of global and regional trends
  • Analyze and identify the major players in the market, their market share, key developments, etc.
  • To understand the capability of the major players based on products offered, financials, and strategies.
  • Identify disrupting products, companies, and trends.
  • To identify opportunities in the market.
  • Analyze the key challenges in the market.
  • Analyze the regional penetration of players, products, and services in the market.
  • Comparison of major players’ financial performance.
  • Evaluate strategies adopted by major players.
  • Recommendations
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