Automotive Advanced High‑Strength Steel (AHSS) Market Set to Reach $48.13 Billion by 2034 – BIS Research

What Is the Market Outlook? 

The market outlook is notably positive—expanded use of third-generation AHSS in EVs, stringent safety & CO₂ standards, and collaborative ventures between steelmakers and OEMs are fueling expansion. Regionally, North America, Europe, and Asia-Pacific are leading in adoption due to established automotive hubs, regulatory frameworks, and manufacturing capacities. 

How Fast Is the Market Growing? 

According to BIS Research, the AHSS market will grow at a CAGR of 6.96%, rising from $23.79 billion in 2024 to $48.13 billion by 2034. This growth is propelled by regulatory mandates for CO₂ reduction, the global EV push, and the continuous advancement in steel manufacturing technologies. 

How Will This Report Help You? 

• For Market Entrants: 

Uncover opportunities in supplying advanced AHSS grades to automakers, especially for EV and safety‑critical components. 

• For Product Innovators: 

Track advancements in third‑generation steel grades (DP, TRIP, CP, MS, PHS) and their performance benefits  

• For Strategists: 

Understand regional demand dynamics across North America, Europe, Asia-Pacific, Latin America, and MEA  

• For Investors: 

Identify high-growth segments like EV structural steel and partnerships between OEMs and steel manufacturers.

Explore the Full TOC and Download Report Sample 

What Technologies Are Transforming the Market?  

Advances in third‑generation AHSS grades—Dual‑Phase, TRIP, Complex‑Phase, Martensitic, Press‑Hardened—as well as improved formability and crash performance are shifting vehicle design. Integration in EV chassis for battery protection and lighter body structures is a key trend. 

What’s Driving Demand and What Are the Barriers? 

Key Drivers: 

• Need for lighter vehicles to reduce CO₂ emissions and improve fuel economy  
• OEM mandates for advanced steel usage in EV production and safety-critical structures. 
• Regulatory push in emissions and safety standards globally. 
• Steel manufacturers’ material and process innovations. 

Major Barriers: 

• Competition from lightweight alternatives like aluminum/composites and hydrogen fuel-cell materials. 
• Limitations in recycling infrastructure for AHSS. 
• High initial capital requirement and regulatory compliance complexity  

Download the complete TOC now! 

How Is the Market Segmented? 

by End-Use Industry 

•    Passenger Vehicle 

•    Commercial Vehicle 

     o    Light Commercial Vehicle 

     o    Heavy Commercial Vehicle 

•    Others 

by Grade 

•    Dual Phase (DP) Steels 

•    Transformation-Induced Plasticity (TRIP) Steels 

•    Complex Phase (CP) Steels 

•    Martensitic (MS) Steels 

•    Ferritic-Bainitic (FB) Steels 

•    Press-Hardened Steels (PHS) Battery 

by Component 

•    Body-in-White (BIW) 

•    Chassis and Suspension 

•    Bumpers and Reinforcements 

•    Doors and Closures 

•    Powertrain Components 

•    Other 

by Region 

•    North America  - U.S., Canada, and Mexico 

•    Europe - Germany, France, Italy, Spain, U.K., and Rest-of-Europe 

•    Asia-Pacific - China, Japan, South Korea, India, and Rest-of-Asia-Pacific and Japan 

•    Rest-of-the-World - South America and Middle East and Africa 

Who Are the Key Players? 

•    ArcelorMittal 

•    SSAB 

•    POSCO 

•    thyssenkrupp Steel 

•    United States Steel Corporation 

•    Kobe Steel, Ltd. 

•    Baosteel Co., Ltd. 

•    JFE Steel Corporation 

•    Tata Steel 

•    Cleveland-Cliffs Inc. 

•    voestalpine Stahl GmbH 

•    JSW 

•    NATIONAL MATERIAL COMPANY, LLC 

•    Kloeckner Metals Corporation 

•    Nucor Corporation 

Request sample report on Automotive Advanced High‑Strength Steel (AHSS) Market 

Strategic Moves Shaping the Future 

Key players are focusing on partnerships with OEMs, R&D into high‑strength steel grades, converting traditional mills to electric mini‑mills (e.g., SSAB), and investments geared toward EV‑grade steel production 

Schedule a Call with Industry Experts 

Related Reports from BIS Research 

Automotive Circular Economy Market 

Automotive Cybersecurity Market 

Intelligent Transportation Systems Market 

About BIS Research 

BIS Research is a global B2B market intelligence and advisory firm focusing on deep technology and related emerging trends, which can disrupt the market dynamics in the near future. We publish over 200 market intelligence studies annually, focusing on several deep technology verticals.   

Our strategic market analysis emphasizes market estimations, technology analysis, emerging high-growth applications, deeply segmented granular country-level market data, and other important market parameters useful in the strategic decision-making for senior management.    

BIS Research offers syndicate and custom studies and expert consultations to firms, providing them with specific and actionable insights on novel technology markets, business models, and competitive landscapes.   

Contact 

Head of Marketing  

Email: media@bisresearch.com    

BIS Research Inc.   

39111 PASEO PADRE PKWY STE 313,   

FREMONT, CA 94538-1686  

Visit our Blog @https://bisresearch.com/insights   

Get Expert Insights @https://community.insightmonk.com    

Connect with us on LinkedIn @ https://www.linkedin.com/company/bis-research    

Connect with us on Twitter@ https://twitter.com/BISResearch