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Automotive Stainless Steel Tubes Market Size, Share & Industry Analysis, By Type (Welded, Seamless, Others), By Application (Exhaust System, Motor & Fuel System, Structural Composition, Others), By End-User (OEM, Aftermarket) and Regional Forecast, 2024-2032

Region :Global | Report ID: FBI103041 | Status : Ongoing



Stainless steel tubes are utilized by the automotive manufacturers and service providers for manufacture of multitude of automotive parts including exhaust systems, transmission & motor block systems, oil & fuel flow systems, and coolant circulation mechanism. The growth in demand for stainless steel tubes can be attributed to properties like high strength-to-weight ratio, superior dent proofing, corrosion resistance, durability and formability of the construction material. Furthermore, stainless steel tubes are also used as impact absorbers, structural frames, bumpers, exhaust pipes, and in engine support making it imperative to be used during manufacture of a vehicle. The key application point of the stainless steel tube in the automotive is for fuel transport system, which requires usage of high corrosion resistance material for construction to improve the effeciency of the vehicle. This has resulted in heavy demand for the automotive stainless steel tube market.

Demand for automobiles have grown considerably in the past half a decade. According to report by the U.S. Department of Energy, total number of registered vehicles have grown from 1,260 million in 2015 to 1,322 million in 2016. Majority of these vehicles are registered for personal usage. The demand for personal vehicles have grown considerably during the past half a decade with improving standard of living and growing disposable income. Furthermore, growing demand for vehicles in China and India for taxi and tourism application has created heavy demand for vehicle components, resulting into growth for the automotive stainless steel tube market.

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Key Market Driver -

Growth in demand for automobiles for personal and passenger usage is driving the growth of the market

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Key Market Restraint -

High manufacturing costs hindering the market growth

However, high manufacturing costs of stainless steel tubes due to usage of rare metals such as chromium, nickel, and titanium during stainless steel alloy manufacture hinders the adoption of automotive stainless steel tubes. Furthermore, availabilty of cheaper raw material alternative in form of aluminum restricts the market growth.

Market Segmentation:

Based on type, automotive stainless steel tube market is segmented as welded, seamless, and others. Based on application, the market is segmented into exhaust system, motor & fuel system, structural composition and others. Based on end-user, the market is segmented into OEM and aftermarket.

From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

Key Players Covered:

The global automotive stainless steel tubes market is fairly consolidated, with key global players holding considerable share in the market. Some of the key players in the automotive stainless steel tubes market include Nippon Steel Corporation, Posco, JFE Steel Corporation, Thyssenkrupp AG, AK Steel Corporation, ArcelorMittal, Salzgitter AG, Centravis, Sandvik AB, Outokumpu, The Fischer Group, Tubacex S.A., CSM Tube spa, and Maxim Tubes Company Pvt. Ltd.

Key Insights

  • Key Emerging Trends – For Major Countries

  • Key Developments: Mergers, Acquisition, Partnership, etc.

  • Latest Technological Advancement

  • Insights on Regulatory Scenarios

  • Porters Five Forces Analysis

Regional Analysis:

The automotive stainless steel tubes market has been segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific accounted for the largest share of the automotive stainless steel tubes market with the spurt of the automobile sector in the region. China and India are emerging as the key manufacturing hub of the vehicle manufacturers while Japan is a traditionally strong country in the market of automotive stainless steel tubes. Europe is projected to create significant opportunities for the market over the forecast period with increasing automobile production in the region. The market in North America is expected to show improving performance with major vehicle manufacturers such as Ford and General Motors expected to ramp up their production to meet the demand for small passenger vehicles. The market in Latin America and the Middle East & Africa will be governed by the investment opportunities available for the automotive manufacturers in these regions.

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By Type

  • Welded

  • Seamless

  • Others

By Application

  • Exhaust System

  • Motor & Fuel System

  • Structural Composition

  • Others

By End-User

  • OEM

  • Aftermarket

By Geography

  • North America (U.S.A., and Canada)

  • Europe (UK, Germany, France, Italy, Spain, Russia, Czech Republic, and Rest of Europe)

  • Asia Pacific (China, Japan, India, South Korea, Southeast Asia, Australia & New Zealand, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, Argentina, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, Turkey, Iran, and Rest of Middle East & Africa)

Automotive Stainless Steel Tubes Industry Developments

  • In January 2020, Sandvik AB completed the acquisition of Summerill Tube Corporation, a manufacturer of high precision stainless steel and nickel alloy tubes for various industries including aerospace, transportation, and petrochemical. The acquisition shall offer the company technical expertise to manufacture precision tubes for their customers.

  • In December 2019, Cleveland-Cliffs announced acquisition of AK Steel Corporation, producer of carbon, stainless and electrical steel products for various industries including automotive industry for an aggregate amount of USD 3 Billion. The transaction was carried out to combine the product offerings of the two companies while creating a vertically integrated business model for manufacture of value added iron ore and steel products.

  • Ongoing
  • 2023
  • 2019-2022

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