Automotive AHSS Market Research Outlook, Recent Trends and Growth Forecast 2022-2030
Automotive AHSS Market Overview According to Market Research Future (MRFR), the global Automotive AHSS Market valuation is expected to grow to USD 23.45 billion and register approximately 9.8% CAGR during the assessment period. With the aim to reduce fuel emissions and meet greenhouse gas requirements, automobile manufacturers need to reduce the weight of vehicles significantly. Advanced High Strength Steel (AHSS) has quickly been adopted by the automotive industry due to its high-strength lightweight composition, improved performance under impact, and energy transfer when exposed to a collision. Resultantly, the global AHSS market garners continual traction. The growth attributes to the growing AHSS production and the demand for lightweight wheels, and growing production & sales of electric vehicles. Additionally, the growing demand for high-strength vehicles such as SUVs worldwide boosts market sales. Moreover, the increasing sales of passenger vehicles across the globe subst