The Global Automotive & Aerospace Steel Market was valued at USD 151.5 billion in 2025 and is estimated to grow at a CAGR of 4% to reach USD 227.7 billion by 2035.
The market is undergoing a period of structural transformation driven by rising demand for high-performance materials that support evolving mobility and aerospace requirements. While aerospace steel represents a smaller share by volume compared to automotive applications, it delivers significantly higher value per ton due to its reliance on specialized, high-strength steel grades engineered for extreme performance conditions. Investments in next-generation vehicles and more fuel-efficient aircraft platforms are accelerating demand for advanced high-strength steels and specialty alloys offering superior corrosion resistance, fatigue endurance, and structural reliability. In the automotive sector, tightening emissions regulations and lightweighting mandates are pushing manufacturers to reduce vehicle mass without compromising safety. As a result, steel producers are increasingly supplying advanced grades optimized for body structures and safety-critical components, enabling manufacturers to meet regulatory compliance while maintaining cost efficiency and structural integrity.
The carbon steel segment accounted for 33.8% share in 2025 and is expected to grow at a CAGR of 3.8% through 2035. Its widespread adoption is supported by low production costs, strong recyclability, and adaptability across a wide range of automotive and aerospace structural applications. Carbon steel continues to play a dominant role in cost-sensitive vehicle segments where affordability, durability, and manufacturability remain primary considerations. Its favorable strength-to-cost ratio makes it suitable for stamped components, reinforcements, and load-bearing structures when ultra-high performance is not required.
The automotive segment held 75.4% share in 2025 and is forecast to grow at a CAGR of 3.8% from 2026 to 2035. Automotive manufacturing represents the largest source of steel consumption, supported by sustained global vehicle production and increasing material intensity per vehicle. Steel remains a core structural material across vehicle platforms, with rising use in safety systems, structural reinforcements, and electric vehicle architectures. The growing emphasis on crash performance, battery protection, and structural rigidity is reinforcing long-term steel demand within the automotive sector.
Europe Automotive & Aerospace Steel Market generated USD 33 billion in 2025 and is expected to register strong growth over the forecast period. Regional expansion is supported by climate-focused industrial policies, increasing adoption of low-emission steel production, and rising demand for advanced steel grades. Automotive manufacturers in the region are increasingly sourcing low-carbon and advanced high-strength steels to align with emission reduction targets, while aerospace activity continues to benefit from sustained investment in commercial and defense aviation programs. These factors collectively support steady steel demand across multiple high-value applications.
Key companies operating in the Global Automotive & Aerospace Steel Market include ArcelorMittal, POSCO, Tata Steel, Nucor Corporation, Hyundai Steel, Nippon Steel & Sumitomo Metal Corporation, ThyssenKrupp AG, United States Steel Corporation, JFE Steel Corporation, Baosteel Group, Gerdau S/A, Steel Dynamics, Inc., China Steel Corporation, Outokumpu Oyj, Acerinox S.A., Kobe Steel, Ltd., Jindal Steel & Power Ltd., Daido Steel Co., Ltd., Commercial Metals Company, NJR Steel, Celsa Steel UK, Mechel OAO, Jiangsu Shagang Group, Steel Authority of India Limited, and Essar Steel. Companies in the automotive and aerospace steel market are strengthening their market position by investing in advanced metallurgy and next-generation steel grades that balance strength, weight reduction, and sustainability. Manufacturers are expanding production of advanced high-strength and specialty steels to meet evolving OEM specifications. Strategic partnerships with automotive and aerospace manufacturers are helping secure long-term supply contracts and improve product customization. Firms are also investing in low-carbon steelmaking technologies to align with regulatory requirements and sustainability goals.
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The market is undergoing a period of structural transformation driven by rising demand for high-performance materials that support evolving mobility and aerospace requirements. While aerospace steel represents a smaller share by volume compared to automotive applications, it delivers significantly higher value per ton due to its reliance on specialized, high-strength steel grades engineered for extreme performance conditions. Investments in next-generation vehicles and more fuel-efficient aircraft platforms are accelerating demand for advanced high-strength steels and specialty alloys offering superior corrosion resistance, fatigue endurance, and structural reliability. In the automotive sector, tightening emissions regulations and lightweighting mandates are pushing manufacturers to reduce vehicle mass without compromising safety. As a result, steel producers are increasingly supplying advanced grades optimized for body structures and safety-critical components, enabling manufacturers to meet regulatory compliance while maintaining cost efficiency and structural integrity.
The carbon steel segment accounted for 33.8% share in 2025 and is expected to grow at a CAGR of 3.8% through 2035. Its widespread adoption is supported by low production costs, strong recyclability, and adaptability across a wide range of automotive and aerospace structural applications. Carbon steel continues to play a dominant role in cost-sensitive vehicle segments where affordability, durability, and manufacturability remain primary considerations. Its favorable strength-to-cost ratio makes it suitable for stamped components, reinforcements, and load-bearing structures when ultra-high performance is not required.
The automotive segment held 75.4% share in 2025 and is forecast to grow at a CAGR of 3.8% from 2026 to 2035. Automotive manufacturing represents the largest source of steel consumption, supported by sustained global vehicle production and increasing material intensity per vehicle. Steel remains a core structural material across vehicle platforms, with rising use in safety systems, structural reinforcements, and electric vehicle architectures. The growing emphasis on crash performance, battery protection, and structural rigidity is reinforcing long-term steel demand within the automotive sector.
Europe Automotive & Aerospace Steel Market generated USD 33 billion in 2025 and is expected to register strong growth over the forecast period. Regional expansion is supported by climate-focused industrial policies, increasing adoption of low-emission steel production, and rising demand for advanced steel grades. Automotive manufacturers in the region are increasingly sourcing low-carbon and advanced high-strength steels to align with emission reduction targets, while aerospace activity continues to benefit from sustained investment in commercial and defense aviation programs. These factors collectively support steady steel demand across multiple high-value applications.
Key companies operating in the Global Automotive & Aerospace Steel Market include ArcelorMittal, POSCO, Tata Steel, Nucor Corporation, Hyundai Steel, Nippon Steel & Sumitomo Metal Corporation, ThyssenKrupp AG, United States Steel Corporation, JFE Steel Corporation, Baosteel Group, Gerdau S/A, Steel Dynamics, Inc., China Steel Corporation, Outokumpu Oyj, Acerinox S.A., Kobe Steel, Ltd., Jindal Steel & Power Ltd., Daido Steel Co., Ltd., Commercial Metals Company, NJR Steel, Celsa Steel UK, Mechel OAO, Jiangsu Shagang Group, Steel Authority of India Limited, and Essar Steel. Companies in the automotive and aerospace steel market are strengthening their market position by investing in advanced metallurgy and next-generation steel grades that balance strength, weight reduction, and sustainability. Manufacturers are expanding production of advanced high-strength and specialty steels to meet evolving OEM specifications. Strategic partnerships with automotive and aerospace manufacturers are helping secure long-term supply contracts and improve product customization. Firms are also investing in low-carbon steelmaking technologies to align with regulatory requirements and sustainability goals.
Comprehensive Market Analysis and Forecast
- Industry trends, key growth drivers, challenges, future opportunities, and regulatory landscape
- Competitive landscape with Porter’s Five Forces and PESTEL analysis
- Market size, segmentation, and regional forecasts
- In-depth company profiles, business strategies, financial insights, and SWOT analysis
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Table of Contents
Chapter 1 Methodology & Scope
Chapter 2 Executive Summary
Chapter 3 Industry Insights
Chapter 4 Competitive Landscape, 2025
Chapter 5 Market Estimates and Forecast, by Material Type, 2022-2035 (USD Billion) (Kilo Tons)
Chapter 6 Market Estimates and Forecast, by Product Form, 2022-2035 (USD Billion) (Kilo Tons)
Chapter 7 Market Estimates and Forecast, by Application, 2022-2035 (USD Billion) (Kilo Tons)
Chapter 8 Market Estimates and Forecast, by Region, 2022-2035 (USD Billion) (Kilo Tons)
Chapter 9 Company Profiles
Companies Mentioned
The companies profiled in this Automotive and Aerospace Steel market report include:- Acerinox S.A.
- ArcelorMittal
- Baosteel Group
- Celsa Steel UK
- China Steel Corporation
- Commercial Metals Company
- Daido Steel Co., Ltd.
- Essar Steel
- Gerdau S/A
- Hyundai Steel
- JFE Steel Corporation
- Jiangsu Shagang Group
- Jindal Steel & Power Ltd.
- Kobe Steel. Ltd.
- Mechel OAO
- Nippon Steel & Sumitomo Metal Corporation
- NJR Steel
- Nucor Corporation
- Outokumpu Oyj
- POSCO
- Steel Authority of India Limited (SAIL)
- Steel Dynamics, Inc.
- Tata Steel
- ThyssenKrupp AG
- United States Steel Corporation
- Others
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 190 |
| Published | January 2026 |
| Forecast Period | 2025 - 2035 |
| Estimated Market Value ( USD | $ 151.5 Billion |
| Forecasted Market Value ( USD | $ 227.7 Billion |
| Compound Annual Growth Rate | 4.0% |
| Regions Covered | Global |
| No. of Companies Mentioned | 27 |
