In 2020, steel for automotive and aerospace applications became a 128.7 billion U.S. dollar market. According to recent estimates, the global market size was expected to reach 175 billion USD by 2027, mainly as a result of the growing demand for lightweight vehicles.
Size of the steel market for automotive and aerospace applications worldwide between 2020 and 2027 (in billion U.S. dollars)
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Statista. (March 10, 2022). Size of the steel market for automotive and aerospace applications worldwide between 2020 and 2027 (in billion U.S. dollars) [Graph]. In Statista. Retrieved May 11, 2024, from https://www.statista.com/statistics/1109592/automotive-aerospace-steel-market-size-worldwide/
Statista. "Size of the steel market for automotive and aerospace applications worldwide between 2020 and 2027 (in billion U.S. dollars)." Chart. March 10, 2022. Statista. Accessed May 11, 2024. https://www.statista.com/statistics/1109592/automotive-aerospace-steel-market-size-worldwide/
Statista. (2022). Size of the steel market for automotive and aerospace applications worldwide between 2020 and 2027 (in billion U.S. dollars). Statista. Statista Inc.. Accessed: May 11, 2024. https://www.statista.com/statistics/1109592/automotive-aerospace-steel-market-size-worldwide/
Statista. "Size of The Steel Market for Automotive and Aerospace Applications Worldwide between 2020 and 2027 (in Billion U.S. Dollars)." Statista, Statista Inc., 10 Mar 2022, https://www.statista.com/statistics/1109592/automotive-aerospace-steel-market-size-worldwide/
Statista, Size of the steel market for automotive and aerospace applications worldwide between 2020 and 2027 (in billion U.S. dollars) Statista, https://www.statista.com/statistics/1109592/automotive-aerospace-steel-market-size-worldwide/ (last visited May 11, 2024)
Size of the steel market for automotive and aerospace applications worldwide between 2020 and 2027 (in billion U.S. dollars) [Graph], Statista, March 10, 2022. [Online]. Available: https://www.statista.com/statistics/1109592/automotive-aerospace-steel-market-size-worldwide/