Global Automotive Stainless Steel Tube Market expected to propagate by the growing automotive production, especially the commercial vehicle segment
The global Automotive Stainless Steel Tube Market projected to grow over a CAGR of 4.30% during the estimated period 2019-2027 and proposed to generate revenue of USD 4.63 billion by 2027. The growth in the market based upon government-backed schemes, foreign investments, and recovery of economies. According to the International Organization of Motor Vehicle Manufacturers, the global sales of automobiles expected to reach more than 30 million vehicles in 2020. China is already the world's largest automobile market, with 19 million vehicles sold in 2012. The new car sales growth is slowing, from 18% between 2006 and 2012 to a projected 6% between 2012 and 2020.
Additionally, the growing application for stainless steel for automobile exhaust systems, and automobile fuel tanks will fuel the growth of global automotive stainless steel tube in the future periods. Moreover, the rising demand for stainless steel tubes in the automotive industry due to its corrosion resistance, high strength, and ability to perform under extreme temperatures and pressures will boost the global automotive stainless steel tube in the upcoming periods. Additionally, increasing disposable income, rapid pace of urbanization, and government regulation to curb the steel dumping estimated to augment the global Automotive Stainless Steel Tube market in the upcoming periods.
Further, the massive demand for electric and hybrid vehicles will lead to the growth of the global Automotive Stainless Steel Tube market in future periods. Steel tubes exposed to extreme temperatures and pressures, stainless steel products play a vital role in consideration of their high corrosion and heat resistant properties, which result in the growth of the automotive stainless steel market. Further, the constant production of vehicles and the anticipated stability in regulatory and price attributes in the steel industry penetrates the growth of the global automotive stainless steel tubes market in the next few years.
Tube Type Overview in the Global Automotive Stainless Steel Tube Market
Based on tube type, the global Automotive Stainless Steel Tube Market bifurcated into Welded and Seamless. The Seamless segment accounted for 85% volume share in 2018 and is expected to dominate the market during the forecast period, 2019-2027. Owing to its application in emission tubes, fuel tubes, oil cooler tubes, power steering tubes, and freezing and refrigeration equipment.
Vehicle Type Overview in the Global Automotive Stainless Steel Tube Market
Based on the Vehicle Type, the Global Automotive Stainless Steel Tube Market classified into Passenger Vehicle, Light Commercial Vehicle, Medium Commercial Vehicle, and Heavy Commercial Vehicle. Light Commercial Vehicle segment estimated to generate maximum revenue by 2027. Due to the availability of less priced LCV along with the rise in cross-border activities across the globe.
Vehicle Component Overview in the Global Automotive Stainless Steel Tube Market
By Vehicle Component, the Global Automotive Stainless Steel Tube market segregated into Drivetrain, Fuel Injection, Engine and Transmission, Exhaust system, and others. The Exhaust system segment anticipated to generate the maximum revenue by 2027 owing to the growing applications for stainless as local corrosion resistance of the cold end of the exhaust system and the high-temperature oxidation resistance of the hot end.
Regional Overview in the Global Automotive Stainless Steel Tube Market
By geography, the Global Automotive Stainless Steel Tube Market segmented into North America, Europe, Asia Pacific, Middle East & Africa, and South America. North America anticipated exhibiting USD 7.3 billion in 2018 owing to its dominating share in automotive production in 2018. Automotive industry production in the US adheres meager growth of 1.10% in the year 2018 along with the prodigious increase in the production of the heavy vehicle industry.
Global Automotive Stainless Steel Tube Market: Competitive Landscape
Companies such as Sandvik Group, Nippon Steel & Sumitomo Metal Corporation, ArcelorMittal, ThyssenKrupp, Tubacex, Handytube Corporation, Plymouth Tube Company, Fischer Group, Maxim Tubes Company Pvt. Ltd., JFE Steel Corporation, ChelPipe, Penn Stainless Products Inc., Bri-Steel Manufacturing, and Centravis are the key players in the Global Automotive Stainless Steel Tube Market.
Global Automotive Stainless Steel Tube Market Report Content 1. Research Strategic Development 1.1. Market Modelling 1.2. Product Analysis 1.3. Market Trend and Economic Factors Analysis 1.4. Market Segmental Analysis 1.5. Geographical Mapping 1.6. Country Wise Segregation 2. Research Methodology 2.1. Identification of Target Market 2.2. Data Acquisition 2.3. Refining of Data/ Data Transformations 2.4. Data Validation through Primary Techniques 2.5. Exploratory Data Analysis 2.6. Graphical Techniques/Analysis 2.7. Quantitative Techniques/Analysis 2.8. Visual Result/Presentation 3. Executive Summary 4. Market Insights 4.1. Supply Chain Analysis 4.2. Economic Factor Analysis 4.2.1. Drivers 4.2.2. Trends 4.2.3. Opportunities 4.2.4. Challenges 4.3. Technological Landscape 4.4. Competitors & Product Analysis 4.5. Policy & Regulatory Framework 4.6. Company market share analysis, 2018 4.7. Porter's Five forces analysis 4.8. PESTEL Analysis 5. Global Automotive Stainless Steel Tube Market Overview 5.1. Market Size & Forecast,2016-2027 5.1.1. Demand 5.1.1.1. By Value (USD Million) 5.1.2. Consumption 5.1.2.1. By Volume (Million Tons) 5.1.3. Supply/Production 5.1.3.1. By Volume (Million Tons) 5.2. Market Share & Forecast, 2016-2027 5.2.1. By Tube Type 5.2.1.1. Welded 5.2.1.2. Seamless 5.2.2. By Vehicle Type 5.2.2.1. Passenger Vehicle 5.2.2.2. Light Commercial Vehicle 5.2.2.3. Medium Commercial Vehicle 5.2.2.4. Heavy Commercial Vehicle\ 5.2.3. By Steel Grade 5.2.3.1. AISI 300 Series 5.2.3.2. AISI 400 Series 5.2.3.3. Others 5.2.4. By Vehicle Component 5.2.4.1. Drivetrain 5.2.4.2. Fuel Injection 5.2.4.3. Engine and Transmission 5.2.4.4. Exhaust system 5.2.4.5. Others 5.2.5. By Vehicle Component 5.2.5.1. 4 mm to 14 mm 5.2.5.2. 15 mm to 25 mm 5.2.5.3. 26 mm to 40 mm 5.2.5.4. Others 5.2.6. By Region 5.2.6.1. North America 5.2.6.2. Europe 5.2.6.3. Asia Pacific 5.2.6.4. South America 5.2.6.5. Middle East & Africa 6. North America Automotive Stainless Steel Tube Market 6.1. North America Automotive Stainless Steel Tube Market Size & Forecast, 2016-2027 6.1.1. Demand 6.1.1.1. By Value (USD Million) 6.1.2. Consumption 6.1.2.1. By Volume (Million Tons) 6.1.3. Supply/Production 6.1.3.1. By Volume (Million Tons) 6.2. North America Automotive Stainless Steel Tube Market Estimates & Forecast, 2016-2027 (USD Million) 6.2.1. By Tube Type 6.2.1.1. Welded 6.2.1.2. Seamless 6.2.2. By Vehicle Type 6.2.2.1. Passenger Vehicle 6.2.2.2. Light Commercial Vehicle 6.2.2.3. Medium Commercial Vehicle 6.2.2.4. Heavy Commercial Vehicle\ 6.2.3. By Steel Grade 6.2.3.1. AISI 300 Series 6.2.3.2. AISI 400 Series 6.2.3.3. Others 6.2.4. By Vehicle Component 6.2.4.1. Drivetrain 6.2.4.2. Fuel Injection 6.2.4.3. Engine and Transmission 6.2.4.4. Exhaust system 6.2.4.5. Others 6.2.5. By Vehicle Component 6.2.5.1. 4 mm to 14 mm 6.2.5.2. 15 mm to 25 mm 6.2.5.3. 26 mm to 40 mm 6.2.5.4. Others 6.2.6. By Country 6.2.6.1. U.S.A 6.2.6.2. Canada 6.2.6.3. Mexico 6.2.7. By Price Point Analysis 6.2.8. Company Market Share (Top 3-5) 6.2.9. Manufacturer & Distributor List (Top 5) 6.2.10. Export-Import Analysis 6.2.11. Economic Impact Study on North America Automotive Stainless Steel Tube Market 7. Europe Automotive Stainless Steel Tube Market 7.1. Europe Automotive Stainless Steel Tube Market Size & Forecast 7.1.1. Demand 7.1.1.1. By Value (USD Million) 7.1.2. Consumption 7.1.2.1. By Volume (Million Tons) 7.1.3. Supply/Production 7.1.3.1. By Volume (Million Tons) 7.2. Europe Automotive Stainless Steel Tube Market Estimates & Forecast, 2016-2027 (USD Million) 7.2.1. By Tube Type 7.2.1.1. Welded 7.2.1.2. Seamless 7.2.2. By Vehicle Type 7.2.2.1. Passenger Vehicle 7.2.2.2. Light Commercial Vehicle 7.2.2.3. Medium Commercial Vehicle 7.2.2.4. Heavy Commercial Vehicle\ 7.2.3. By Steel Grade 7.2.3.1. AISI 300 Series 7.2.3.2. AISI 400 Series 7.2.3.3. Others 7.2.4. By Vehicle Component 7.2.4.1. Drivetrain 7.2.4.2. Fuel Injection 7.2.4.3. Engine and Transmission 7.2.4.4. Exhaust system 7.2.4.5. Others 7.2.5. By Vehicle Component 7.2.5.1. 4 mm to 14 mm 7.2.5.2. 15 mm to 25 mm 7.2.5.3. 26 mm to 40 mm 7.2.5.4. Others 7.2.6. By Country 7.2.6.1. Germany 7.2.6.2. U.K 7.2.6.3. France 7.2.6.4. Italy 7.2.6.5. Netherlands 7.2.6.6. Rest of Europe 7.2.7. By Price Point Analysis 7.2.8. Company Market Share (Top 3-5) 7.2.9. Manufacturer & Distributor List (Top 5) 7.2.10. Export-Import Analysis 7.2.11. Economic Impact Study on Europe Automotive Stainless Steel Tube Market 8. Asia Pacific Automotive Stainless Steel Tube Market 8.1. Asia Pacific Automotive Stainless Steel Tube Market Size & Forecast 8.1.1. Demand 8.1.1.1. By Value (USD Million) 8.1.2. Consumption 8.1.2.1. By Volume (Million Tons) 8.1.3. Supply/Production 8.1.3.1. By Volume (Million Tons) 8.2. Asia Pacific Automotive Stainless Steel Tube Market Estimates & Forecast, 2016-2027 (USD Million) 8.2.1. By Tube Type 8.2.1.1. Welded 8.2.1.2. Seamless 8.2.2. By Vehicle Type 8.2.2.1. Passenger Vehicle 8.2.2.2. Light Commercial Vehicle 8.2.2.3. Medium Commercial Vehicle 8.2.2.4. Heavy Commercial Vehicle\ 8.2.3. By Steel Grade 8.2.3.1. AISI 300 Series 8.2.3.2. AISI 400 Series 8.2.3.3. Others 8.2.4. By Vehicle Component 8.2.4.1. Drivetrain 8.2.4.2. Fuel Injection 8.2.4.3. Engine and Transmission 8.2.4.4. Exhaust system 8.2.4.5. Others 8.2.5. By Vehicle Component 8.2.5.1. 4 mm to 14 mm 8.2.5.2. 15 mm to 25 mm 8.2.5.3. 26 mm to 40 mm 8.2.5.4. Others 8.2.6. By Country 8.2.6.1. China 8.2.6.2. India 8.2.6.3. Japan 8.2.6.4. Australia 8.2.6.5. South Korea 8.2.6.6. Rest of Asia Pacific 8.2.7. By Price Point Analysis 8.2.8. Company Market Share (Top 3-5) 8.2.9. Manufacturer & Distributor List (Top 5) 8.2.10. Export-Import Analysis 8.2.11. Economic Impact Study on Asia Pacific Automotive Stainless Steel Tube Market 9. South America Automotive Stainless Steel Tube Market 9.1. South America Automotive Stainless Steel Tube Market Size & Forecast 9.1.1. Demand 9.1.1.1. By Value (USD Million) 9.1.2. Consumption 9.1.2.1. By Volume (Million Tons) 9.1.3. Supply/Production 9.1.3.1. By Volume (Million Tons) 9.2. South America Automotive Stainless Steel Tube Market estimates & forecast, 2016-2027 (USD Million) 9.2.1. By Tube Type 9.2.1.1. Welded 9.2.1.2. Seamless 9.2.2. By Vehicle Type 9.2.2.1. Passenger Vehicle 9.2.2.2. Light Commercial Vehicle 9.2.2.3. Medium Commercial Vehicle 9.2.2.4. Heavy Commercial Vehicle\ 9.2.3. By Steel Grade 9.2.3.1. AISI 300 Series 9.2.3.2. AISI 400 Series 9.2.3.3. Others 9.2.4. By Vehicle Component 9.2.4.1. Drivetrain 9.2.4.2. Fuel Injection 9.2.4.3. Engine and Transmission 9.2.4.4. Exhaust system 9.2.4.5. Others 9.2.5. By Vehicle Component 9.2.5.1. 4 mm to 14 mm 9.2.5.2. 15 mm to 25 mm 9.2.5.3. 26 mm to 40 mm 9.2.5.4. Others 9.2.6. By Country 9.2.6.1. Brazil 9.2.6.2. Argentina 9.2.6.3. Rest of South America 9.2.7. By Price Point Analysis 9.2.8. Company Market Share (Top 3-5) 9.2.9. Manufacturer & Distributor List (Top 5) 9.2.10. Export-Import Analysis 9.2.11. Economic Impact Study on South America Automotive Stainless Steel Tube Market 10. Middle East & Africa Automotive Stainless Steel Tube Market 10.1. Middle East & Africa Market Size & Forecast 10.1.1. Demand 10.1.1.1. By Value (USD Million) 10.1.2. Consumption 10.1.2.1. By Volume (Thousands Unit) 10.1.3. Supply/Production 10.1.3.1. By Volume (Thousands Unit) 10.2. Middle East & Africa Market estimates & forecast, 2016-2027 (USD Million) 10.2.1. By Tube Type 10.2.1.1. Welded 10.2.1.2. Seamless 10.2.2. By Vehicle Type 10.2.2.1. Passenger Vehicle 10.2.2.2. Light Commercial Vehicle 10.2.2.3. Medium Commercial Vehicle 10.2.2.4. Heavy Commercial Vehicle\ 10.2.3. By Steel Grade 10.2.3.1. AISI 300 Series 10.2.3.2. AISI 400 Series 10.2.3.3. Others 10.2.4. By Vehicle Component 10.2.4.1. Drivetrain 10.2.4.2. Fuel Injection 10.2.4.3. Engine and Transmission 10.2.4.4. Exhaust system 10.2.4.5. Others 10.2.5. By Vehicle Component 10.2.5.1. 4 mm to 14 mm 10.2.5.2. 15 mm to 25 mm 10.2.5.3. 26 mm to 40 mm 10.2.5.4. Others 10.2.6. By Country 10.2.6.1. Saudi Arabia 10.2.6.2. UAE 10.2.6.3. South Africa 10.2.6.4. Rest of Middle East & Africa 10.2.7. By Price Point Analysis 10.2.8. Company Market Share (Top 3-5) 10.2.9. Export-Import Analysis 10.2.10. Manufacturer & Distributor List (Top 5) 10.2.11. Economic Impact Study on Middle East & Africa Automotive Stainless Steel Tube Market 11. Competitor Analysis 11.1. Company Description 11.2. Financial Analysis 11.3. Key Products 11.4. Key Management Personnel 11.5. Contact Address 11.6. SWOT Analysis 11.7. Company Profiles 11.7.1. Sandvik Group 11.7.2. Nippon Steel & Sumitomo Metal Corporation 11.7.3. ArcelorMittal 11.7.4. ThyssenKrupp 11.7.5. Tubacex 11.7.6. Handytube Corporation 11.7.7. Plymouth Tube Company 11.7.8. Fischer Group 11.7.9. Maxim Tubes Company Pvt. Ltd. 11.7.10. JFE Steel Corporation 11.7.11. ChelPipe 11.7.12. Penn Stainless Products Inc. 11.7.13. Bri-Steel Manufacturing 11.7.14. Centravis 11.7.15. Other Leading Players
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