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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
Steel is a crucial component of the expanding electromobility industry. The related advancements give steel producers new options while requiring them to continue to focus on producing high-quality products.
Low-carbon steel that is made without the customary step of using coking coal has grown in popularity with automakers in recent years. This is especially true now that technology advancements in renewable energy are making it possible to bend the carbon curve even more cheaply.
The ability of high-strength and ultra-high-strength steels to balance this range of criteria with the need for lessened weight and lower manufacturing costs highlights their superiority over solutions made of a single material in fibre composites, titanium, and aluminium.
The Africa EV Steel Market accounted for $XX Billion in 2023 and is anticipated to reach $XX Billion by 2030, registering a CAGR of XX% from 2024 to 2030.
Volvo is now using steel that is free of fossil fuels in its vehicles, making it the first truck manufacturer in the world to do so. The heavy-duty electric Volvo trucks will be the first to use the steel, which is made by the Swedish steelmaker SSAB.
Utilizing a brand-new, hydrogen-based process, SSAB produces steel. This has a significantly smaller impact on the environment than how steel is typically manufactured.
The frame rails of the vehicle, which serve as its structural support and are where all other major parts are mounted, will be made of the first steel made with hydrogen. Other components of the truck will begin to use fossil-free steel as its supply grows.
| Sl no | Topic |
| 1 | Market Segmentation |
| 2 | Scope of the report |
| 3 | Abbreviations |
| 4 | Research Methodology |
| 5 | Executive Summary |
| 6 | Introduction |
| 7 | Insights from Industry stakeholders |
| 8 | Cost breakdown of Product by sub-components and average profit margin |
| 9 | Disruptive innovation in the Industry |
| 10 | Technology trends in the Industry |
| 11 | Consumer trends in the industry |
| 12 | Recent Production Milestones |
| 13 | Component Manufacturing in US, EU and China |
| 14 | COVID-19 impact on overall market |
| 15 | COVID-19 impact on Production of components |
| 16 | COVID-19 impact on Point of sale |
| 17 | Market Segmentation, Dynamics and Forecast by Geography, 2024-2030 |
| 18 | Market Segmentation, Dynamics and Forecast by Product Type, 2024-2030 |
| 19 | Market Segmentation, Dynamics and Forecast by Application, 2024-2030 |
| 20 | Market Segmentation, Dynamics and Forecast by End use, 2024-2030 |
| 21 | Product installation rate by OEM, 2023 |
| 22 | Incline/Decline in Average B-2-B selling price in past 5 years |
| 23 | Competition from substitute products |
| 24 | Gross margin and average profitability of suppliers |
| 25 | New product development in past 12 months |
| 26 | M&A in past 12 months |
| 27 | Growth strategy of leading players |
| 28 | Market share of vendors, 2023 |
| 29 | Company Profiles |
| 30 | Unmet needs and opportunity for new suppliers |
| 31 | Conclusion |
| 32 | Appendix |
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