Projected Growth: Automotive Structural Steel Market to Hit USD 169.97 Billion by 2032, with a CAGR of 3.5% | FMI Reports

The global automotive structural steel market was valued at USD 120.49 billion in 2022 and is projected to grow at a CAGR of 3.5% from 2022 to 2032, reaching an estimated USD 169.97 billion by 2032. Automotive structural steel is essential for enhancing the strength of vehicle components. By alloying elements and cooling the steel …