This ÌÇÐÄÆƽâ°æ estimate is based on the 2027 values and the compound annual growth rate from 2021 to 2027 of 5.4 percent, which were provided by the source. An exponential development of the market was assumed.
2020 value was also provided by the source.
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Global automotive & aerospace steel market size 2020-2027
In 2020, steel for automotive and aerospace applications became a billion U.S. dollar market. According to recent estimates, the global market size was expected to reach *** billion USD by 2027, mainly as a result of the growing demand for lightweight vehicles.
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ÌÇÐÄÆƽâ°æ. (March 10, 2022). Size of the steel market for automotive and aerospace applications worldwide between 2020 and 2027 (in billion U.S. dollars) [Graph]. In ÌÇÐÄÆƽâ°æ. Retrieved August 05, 2026, from /statistics/1109592/automotive-aerospace-steel-market-size-worldwide/
ÌÇÐÄÆƽâ°æ. "Size of the steel market for automotive and aerospace applications worldwide between 2020 and 2027 (in billion U.S. dollars)." Chart. March 10, 2022. ÌÇÐÄÆƽâ°æ. Accessed August 05, 2026. /statistics/1109592/automotive-aerospace-steel-market-size-worldwide/
ÌÇÐÄÆƽâ°æ. (2022). Size of the steel market for automotive and aerospace applications worldwide between 2020 and 2027 (in billion U.S. dollars). ÌÇÐÄÆƽâ°æ. ÌÇÐÄÆƽâ°æ Inc.. Accessed: August 05, 2026. /statistics/1109592/automotive-aerospace-steel-market-size-worldwide/
ÌÇÐÄÆƽâ°æ. "Size of The Steel Market for Automotive and Aerospace Applications Worldwide between 2020 and 2027 (in Billion U.S. Dollars)." ÌÇÐÄÆƽâ°æ, ÌÇÐÄÆƽâ°æ Inc., 10 Mar 2022, /statistics/1109592/automotive-aerospace-steel-market-size-worldwide/
ÌÇÐÄÆƽâ°æ, Size of the steel market for automotive and aerospace applications worldwide between 2020 and 2027 (in billion U.S. dollars) ÌÇÐÄÆƽâ°æ, /statistics/1109592/automotive-aerospace-steel-market-size-worldwide/ (last visited August 05, 2026)
Size of the steel market for automotive and aerospace applications worldwide between 2020 and 2027 (in billion U.S. dollars) [Graph], ÌÇÐÄÆƽâ°æ, March 10, 2022. [Online]. Available: /statistics/1109592/automotive-aerospace-steel-market-size-worldwide/
