GITNUX MARKETDATA REPORT 2024
Automotive Structural Sheet Industry Statistics
The Automotive Structural Sheet Industry is expected to experience steady growth in the coming years due to increasing demand for lightweight materials and advanced manufacturing technologies.
In this post, we will explore key statistics and insights regarding the global Automotive Structural Sheet industry. From market size to growth trends and material preferences, these data points shed light on the dynamic landscape of automotive manufacturing and the pivotal role played by structural sheets. Let’s dive into the numbers that drive this industry forward.
Statistic 1
"The global Automotive Structural Sheet market size was at USD 57.42 billion in 2019."
Statistic 2
"The Automotive Structural Sheet industry is projected to witness a Compound Annual Growth Rate (CAGR) of 3% from 2020 to 2027."
Statistic 3
"Asia Pacific Automotive Structural Sheet market accounted for over 50% market share in 2019."
Statistic 4
"The demand for Automotive Structural Sheet in North America is expected to expand at a CAGR of 2.7% from 2019 to 2027."
Statistic 5
"The key factors driving the Automotive Structural Sheet market growth are stringent environmental regulations and growing demand for lightweight materials."
Statistic 6
"The Aluminium Automotive Structural Sheet segment is expected to experience the fastest growth rate due to increased demand for lightweight vehicles."
Statistic 7
"China is the largest consumer of Automotive Structural Sheet, followed by Europe and North America."
Statistic 8
"Steel accounts for up to 70% of the material used in an average car body."
Statistic 9
"The Automotive Structural Sheet market in Europe is expected to grow at a CAGR of 2.4% between 2019 and 2025."
Statistic 10
"The production of cars reached an all-time high in 2017 with over 97 million units produced worldwide."
Statistic 11
"The United States automotive sector consumed 13.6 million tons of steel in 2020."
Statistic 12
"Over 60% of the weight of an average vehicle is composed of steel."
Statistic 13
"The use of high-strength steel in vehicle manufacturing can reduce its weight by 10-20% and CO2 emissions by 4-8%."
Statistic 14
"The automotive manufacturing industry is the largest steel-consuming sector, accounting for around 12% of total global steel demand in 2019."
Statistic 15
"It is estimated that by 2025, average vehicle weight could be reduced by 110 kg thanks to the use of advanced high-strength steels."
Statistic 16
"About 25% of the total Automotive Structural Sheet market is made up of component manufacturers."
Statistic 17
"The automotive structural sheet industry also expects to profit from the rising consumer preference for electric vehicles."
Statistic 18
"Revenue loss due to COVID-19 in Automotive Structural Sheet industry is predicted to be $21 billion."
Jannik Lindner
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