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Last Updated: Apr 25, 2025 | Study Period: 2024-2030
With the switch from combustion to electric motors, materials like aluminum and plastic have advanced further in the automobile sector.
However, given the development of high-strength steel ensures the material's future in the automobile sector, it is predicted that steel demand would stay stable or perhaps grow. Steel aids in achieving objectives like weight reduction, recyclable materials, and financial efficiency.
Electrical steels may be found in every component of a contemporary car, from the tiny motors that move seats and mirrors to the bigger ones that power hybrid or all-electric vehicles' propulsion systems. In such alternative drive trains, traction motors and generators are especially reliant on highly efficient electrical steel.
In comparison to aluminum and carbon, high-strength steel brands are a vital foundation for contemporary and environmentally friendly lightweight construction. They roughly lower vehicle weight significantly.
The Italy 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.
To cut emissions at its IJmuiden factory, Tata Steel has introduced "Roadmap+," an environmental improvement strategy.
A facility at the pellet mill in IJmuiden is scheduled to be built as part of the measures, and it will drastically reduce emissions by reducing the production of nitrogen oxides and heavy metal particles by more than 90%.
In order to reduce smells and particle emissions, the project will also invest millions in upgrades to the site's coke unit and Gas Plant 2 (CGP2). Two blast furnaces are part of the crude steel concept at Tata IJmuiden.
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 |