Environmentally friendly stainless steel includes seamless pipe, industrial pipe, precision pipe, capillary tube, sanitary pipe, stainless steel welded pipe, decorative pipe, square pipe, rectangular pipe, etc. The primary use of stainless steel is the exhaust system, which accounts for more than 1/2 of the total amount of stainless steel used in automobiles, and 80% is ferritic stainless steel. Exhaust gas from automobile engines exits the muffler through exhaust gas inlet pipes, front pipes, hoses, converters, and central pipes. Exhaust system commonly used steel types are 409L, 436L, and so on. Automotive mufflers mainly use stainless steel welded pipes. High-strength fasteners for automobiles also use stainless steel seamless steel tubes.
Automobiles are equipment-based products, and fasteners are one of the critical parts of automobiles. The average amount of fasteners for passenger cars (complete vehicles) is about 37 kg. In the future, hybrid systems will develop rapidly as a transition solution. Therefore, new energy vehicles also need seamless steel pipes. Even pure electric vehicles still need seamless steel pipes, such as seamless steel pipes for electric vehicles.
Global Automotive Stainless Steel Tube Market predicted to grow with a CAGR over 4.3% during the estimated period, 2019-2027, and projected to reach at revenue more than USD 4.63 billion by 2027. The growing vehicle demand from emerging economies expected to boom the global automotive stainless steel tube market in the estimated period. Additionally, the increasing use of high-strength steel in automobiles across the globe leads to the growth of global automotive stainless steel tube market. In the automobile manufacturing industry, stainless steel materials have high strength, corrosion resistance, relatively light mass, and the ability to absorb energy stronger than other metal materials after impact, and good safety performance.
Moreover, the constant production of vehicles and the anticipated stability in regulatory and price attributes in the steel industry penetrates the growth of the automotive stainless steel tube market in the future timeline. Further, the surge in demand for stainless steel in the automobile industry for diesel spark plugs, motor block reheating, fuel lines, and exhaust gas recirculation systems anticipated to fuel the growth of the automotive stainless steel tube market. Additionally, increasing demand for stainless steel tubes in the automobile industry for its high strength-to-weight ratio, which helps the overall weight reduction of the vehicle, will contribute to the growth of the global automotive stainless steel tube market.
In recent years, with the continuous increase of service life and exhaust temperature, automobiles have put forward higher requirements for the local corrosion resistance of the cold end of the exhaust system and the high-temperature oxidation resistance of the hot end. According to the International Organization of Motor Vehicle Manufacturers, the global sales of automobile share of established markets will decline from 50% in 2012 to 40% in 2020. Also, with the strong growth of small cars in emerging markets by 2020, the sales of vehicles across the globe are expected to reach by 34 million units.
In the future, hybrid systems will develop rapidly as a transition solution. Therefore, new energy vehicles also need seamless steel pipes. Seamless steel pipes fix the automobile’s frame chassis, auxiliary frame, double longitudinal beams, front upper bracket, and rear upper bracket. International Energy Agency launched the [email protected] campaign at the 8th CEM in June 2017 to accelerate the deployment of electric vehicles with a target of at least 30% new electric vehicle sales by 2030. The campaign currently totals 11 member countries and 29 supporting companies and organizations.
In recent years the various government has taken vital initiatives to encourage domestic production for various industries, including the automotive industry. For instance, China’s production capacity of hybrid vehicles expected to reach 2 million units, with cumulative production and sales exceeding 5 million units. With the implementation of the Energy Conservation and New Energy Vehicle Industry Development Plan (2012-2020), the demand for seamless steel pipes in the automotive industry will further release.
Based on tube type, the global Automotive Stainless Steel Tube Market bifurcated into Welded and Seamless. The Welded segment leads the market with a volume share of approximately 85% in 2018 owing to its availability, which results in a minimum waiting period, and the thickness of wall which makes it more consistent as compared to the seamless product type. The Seamless segment will drive by its features, such as high corrosion resistance.
Based on the Vehicle Type, the Global Automotive Stainless Steel Tube Market classified into Passenger Vehicle, Light Commercial Vehicle, Medium Commercial Vehicle, and Heavy Commercial Vehicle. The Light Commercial Vehicle segment estimated to dominate the market due to the rapid sales of light commercials along with massive growth in international trade. Passenger Vehicles will boost by the surge in income levels of consumers across the developing and developed countries along with stainless stain steel tubes used in emission tubes, fuel tubes, oil cooler tubes, power steering tubes, and freezing.
Based on steel grade, the Global Automotive Stainless Steel Tube Market segmented into AISI 300 Series, AISI 400 Series, and Others. The AISI 400 Series segment expected to dominate the market owing to its application in automotive exhaust systems and automotive trim.
The AISI 300 Series segment will drive its properties, such as heat-resisting used in the automotive industry.
By Vehicle Component, the Global Automotive Stainless Steel Tube market segregated into Drivetrain, Fuel Injection, Engine and Transmission, Exhaust system, and others. The Exhaust system segment anticipated generating the highest revenue by 2027 on account of stainless steel used in the automotive industry, mainly in the exhausting system, which accounts for more than 1/2 of the total amount of stainless steel used in automobiles. The exhaust gas from the automobile engine flows out of the muffler through the exhaust gas intake pipe, front pipe, hose, converter, and central pipe.
Based on the tube diameter, the Global Automotive Stainless Steel Tube market categorized into 4 mm to 14 mm, 15 mm to 25 mm, 26 mm to 40 mm & others. The 26 mm to 40 mm segment will dominate the market due to the use of these tubes in the fuel injector and exhaust system.
By geography, the global Automotive Stainless Steel Tube market segmented into North America, Europe, Asia Pacific, South America, and Middle East & Africa. North America attributed generating USD 7.3 billion in 2018 owing to the growing automotive industry and government initiatives to encourage domestic production for various industries, including the automotive industry. Asia-Pacific will be the fastest-growing region due to the booming automotive sector and the presence of a large number of manufacturing industries.
Companies such as Sandvik Group, Nippon Steel & Sumitomo Metal Corporation, ArcelorMittal, ThyssenKrupp, Tubacex, Handytube Corporation, Plymouth Tube Company, Fischer Group, Maxim Tubes Company Pvt. Ltd., JFE Steel Corporation, ChelPipe, Penn Stainless Products Inc., Bri-Steel Manufacturing, and Centravis are the key players in the Global Automotive Stainless Steel Tube Market.
By Tube Type
By Vehicle Type
By Steel Grade
By Vehicle Component
By Tube Diameter
Middle East & Africa