Manganese Boron Steel Market - Global Forecast to 2024
“The manganese boron steel market is projected to grow at a CAGR of XX% between 2019 and 2024.”
The manganese boron steel market is estimated to be USD XX million in 2019 and is projected to reach USD XX million by 2024, at a CAGR of XX% from 2019 to 2024. Increasing demand of manganese boron steel in automotive applications is expected to drive the manganese boron steel market.
“The automotive end use industry is expected to lead the manganese boron steel market during the forecast period.”
The automotive end-use industry segment of the manganese boron steel market is expected to grow at the highest rate during the forecast period. This growth can be attributed to the rise in the global demand for manganese boron steel in automotive industry. In addition, this industry is expected to witness growing demand from developed regions such as North America and Europe. Manganese boron steel is widely used in the automotive end-use industry owing to the requirement light weight component along with high tensile strength.
“Asia Pacific is projected to be the fastest-growing region in the Manganese Boron Steel market during the forecast period.”
The Asia Pacific manganese boron steel market is expected to grow at the highest CAGR during the forecast period. High demand from countries such as China, Japan and South Korea is expected to drive the market in this region. Increasing demand from automotive and agriculture industry, and improving economic conditions in the countries in this region are fueling the growth of the manganese boron steel market.
Breakdown of primary interviews for the report on the manganese boron steel market
- By Company Type – Tier 1 – 20%, Tier 2 –45%, and Tier 3 – 35%
- By Designation – C-Level – 25%, D-Level Executives – 20% and Others – 55%
- By Region – North America – 10%, Europe – 20%, Asia Pacific – 50%, South America – 15%, and Middle East & Africa – 5%.
The leading manufacturers of manganese boron steel profiled in this report are Thyssenkrupp (Germany), Bilstein Group (Germany), Salzgitter Flachstahl GmbH (Germany), among others.
Research Coverage
The report covers the manganese boron steel market by application, end-use industry, and region. It aims at estimating the size and future growth potential of the market across various segments. The report also includes an in-depth competitive analysis of the key market players along with their profiles and key growth strategies.
The report provides insights on the following:
- Market Penetration: Comprehensive information on various grades of manganese boron steel offered by top players operating in the market.
- Product Development/Innovation: Detailed insights into upcoming manganese boron steel, R&D activities, and new applications in various end-use industries in the market
- Market Development: Comprehensive information about lucrative and emerging markets across different regions
- Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the manganese boron steel market
- Competitive Assessment: In-depth assessment of strategies, products, and manufacturing capabilities of leading players in the manganese boron steel market
Exclusive indicates content/data unique to MarketsandMarkets and not available with any competitors.
Table of Contents
1 Introduction
1.1 Objectives of the Study
1.2 Market Definition
1.3 Study Scope
1.3.1 Markets Covered
1.3.2 Years Considered for the Study
1.4 Currency
1.5 Stakeholders
1.6 Limitations
2 Research Methodology
2.1 Research Data
2.1.1 Secondary Data
2.1.1.1 Key Data From Secondary Sources
2.1.2 Primary Data
2.1.2.1 Key Data From Primary Sources
2.1.2.2 Key Industry Insights
2.1.2.3 Break Down of Primaries
2.2 Market Size Estimation
2.3 Market Breakdown and Data Triangulation
2.4 Assumptions
3 Executive Summary
4 Premium Insights
4.1 Attractive Market Opportunities in the Manganese Boron Steel Market
4.2 Manganese Boron Steel Market, By Application
4.3 Manganese Boron Steel Market, By End-Use Industry
4.4 Manganese Boron Steel Market: Emerging vs Developed Nations
5 Market Overview
5.1 Introduction
5.2 Market Dynamics
5.2.1 Drivers
5.2.2 Restraints
5.2.3 Opportunities
5.2.4 Challenges
5.3 Porter Five Force Analysis
6 Industry Trends
6.1 Introduction
6.2 Supply Chain Analysis
6.2.1 Key Influencers
6.3 Price Analysis
6.4 Industry Trends
7 Mangenese Boron Steel,By Grade
7.1 Introduction
7.2 Heat Treatment (Hardening)
7.3 Air Hardening
7.4 Others
8 Manganese Boron Steel Market, By Application
8.1 Introduction
8.2 Automotive
8.3 Agricultural Machinery
8.4 Structures
8.5 Others (Light Weight Components)
9 Manganese Boron Steel Market, By End-Use Industry
9.1 Introduction
9.2 Automotive
9.3 Agriculture
9.4 Construction
9.5 Others (Industrial)
10 Manganese Boron Steel Market, Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 U.S
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 France
10.3.3 UK
10.3.4 Italy
10.3.5 Russia
10.3.6 Rest of Europe
10.4 Asia Pacific
10.4.1 China
10.4.2 Japan
10.4.3 India
10.4.4 South Korea
10.4.5 Taiwan
10.4.6 Rest of Asia Pacific
10.5 Middle East & Africa
10.5.1 Saudi Arabia
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest of Middle East & Africa
10.6 South America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of South America
11 Competitive Landscape
11.1 Overview
11.2 New Product Launch has Been the Dominant Growth Strategy
11.3 Maximum Developments in 2017
11.4 Competitive Situations & Trends
11.4.1 New Product Launches
11.4.2 Expansions
11.4.3 Mergers and Acquisitions
11.4.4 Partnerships, Agreements, and Joint Ventures
12 Company Profiles
(Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, Ratio Analysis, MnM View)*
12.1 Thyssenkrupp
12.2 Bilstein Group
12.3 Salzgitter Flachstahl GmbH
12.4 Others
*Details on Business Overview, Products & Services, Key Insights, Recent Developments, SWOT Analysis, MnM View Might Not Be Captured in Case of Unlisted Companies.
13 Appendix
13.1 Industry Experts
13.2 Discussion Guide
13.3 Knowledge Store: Marketsandmarkets’ Subscription Portal
13.4 Introducing RT: Real Time Market Intelligence
13.5 Available Customizations
13.6 Related Reports
Growth opportunities and latent adjacency in Manganese Boron Steel Market