Market Share of Europe Automotive AHSS Industry
The Europe Automotive AHSS Market is dominated by several key players such as ThyssenKrupp AG, SSAB AB, POSCO Co. Ltd., ArcelorMittal SA, Baoshan Iron & Steel Co. Ltd., and others. As the demand for AHSS is growing in the region, the automotive AHSS manufacturers are trying to have the edge over their competitors by making joint ventures, and partnerships, and launching new products with advanced technology. Hence, driving the automotive AHSS market in Europe. For instance,
- In November 2023, Thyssenkrupp AG and JFE Steel Corporation jointly introduced the jetQ, the Advanced High Strength Steels (AHSS) for electric mobility. The new jetQ 980 and jetQ 1180 grades for geometrically complex body structure components.
- In February 2023, ArcelorMittal and I-FEVS Italy introduced a new collaboration aimed at developing safe, light, sustainable, and affordable innovative steel solutions for e-mobility applications. The new I-FEVS solutions will rely on ArcelorMittal’s advanced high-strength steels (AHSS) which are majorly used in mobility applications. The collaboration includes the industrialization of battery envelops and body frame structures, the investigation of advanced steel solutions for micro-mobility solutions, the design of ultralight AHSS structures for emerging urban mobility solutions, and the incorporation of innovative, high-efficiency solar panel structures into EVs.
Europe Automotive AHSS Market Leaders
ThyssenKrupp AG
ArcelorMittal SA
SSAB AB
Baoshan Iron & Steel Co. Ltd.
POSCO Co., Ltd.
*Disclaimer: Major Players sorted in no particular order
