Market Share of Asia Pacific Automotive AHSS Industry
The Asia Pacific Automotive AHSS Market is moderately consolidated with existing players such as ArcelorMittal SA, China Baowu Steel Group Corp, POSCO and Tata Steel Limited. But, as the demand for AHSS is growing in the region, the automotive AHSS manufacturers are trying to have the edge over its competitors by making joint-ventures, partnerships, launching new products with advanced technology.
For instance, weight optimization using AHSS has seen a 125kg weight optimization with the latest Swift model compared to the first-generation model launched in 2005. Maruti Suzuki saw tremendous success with Swift's launch primarily due to its reduced carbon emission due to the reduced weight of the car. In 2019, all passenger cars manufactured by Maruti Suzuki were provided with AHSS.
APAC Sutomotive AHSS Market Leaders
ArcelorMittal SA
China Baowu Steel Group Corp
POSCO
Tata Steel Limited
SSAB AB
*Disclaimer: Major Players sorted in no particular order
