Persistence Market Research has published a detailed report on the global Automotive Steering Wheel Market, offering essential insights into market drivers, emerging trends, challenges, and strategic opportunities. This report aids industry stakeholders in navigating market shifts and capitalizing on growth prospects.
Key Insights:
- Automotive Steering Wheel Market Size (2025E): US$ 32.3 Bn
- Projected Market Value (2032F): US$ 57.9 Bn
- Global Market Growth Rate (CAGR 2025 to 2032): 8.7%
This market encompasses traditional and advanced steering systems used in modern vehicles. As automotive technology progresses, steering wheels are becoming central hubs for driver interaction, integrating controls for infotainment, safety systems, and even biometric feedback. Lightweight material adoption and ergonomic innovations are also gaining traction, driven by fuel efficiency norms and customer comfort.
Market Growth Drivers:
The surge in demand for high-tech, feature-rich vehicles is a major contributor to the growth of the automotive steering wheel market. Enhanced comfort, integrated electronics, and safety compliance are prompting OEMs to innovate steering wheel systems. The proliferation of electric and hybrid vehicles has also accelerated the development and deployment of smart steering components.
Market Restraints:
Key challenges include the elevated cost of integrating electronics and smart functions into steering systems. Additionally, advanced systems require rigorous quality assurance and may be susceptible to faults, leading to maintenance issues. Raw material price volatility adds further strain to manufacturers’ margins.
Market Opportunities:
Emerging markets and evolving automotive technologies provide immense opportunities. The demand for autonomous driving features, especially in premium and EV segments, is creating demand for control-embedded steering wheels. Partnerships with OEMs for R&D and innovation in design offer avenues for competitive advantage.
Key Questions Answered in the Report:
- What are the primary factors driving the global automotive steering wheel market's growth?
- Which regions and market segments are experiencing the highest demand for automotive steering wheels?
- How are innovations in steering wheel technologies influencing vehicle design and functionality?
- Who are the key players in the automotive steering wheel market, and what strategies are they adopting to stay competitive?
- What are the emerging trends and future projections for the global automotive steering wheel market?
- JTEKT Corporation
- Toyoda Gosei Co. Ltd
- Autoliv Inc
- ZF Friedrichshafen AG
- Hyundai Mobis Co. Ltd
- GKN Automotive
- Nihon Plast Co. Ltd
- Ningbo Joyson Electronics Co. Ltd
- Nexteer Corporation
- Robert Bosch
By Sales Channel
- OEM
- Aftermarket
- Magnesium Steering Wheel
- Aluminum Steering Wheel
- Steel Steering Wheel
- Others
- Passenger Vehicle
- Commercial Vehicle
- Electric Vehicles
- Normal
- Control Embedded
- North America
- Europe
- East Asia
- South Asia and Oceania
- Middle East and Africa
- Latin America
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- 1. Executive Summary
- 1.1. Global Automotive Steering Wheel Market Snapshot 2025 and 2032
- 1.2. Market Opportunity Assessment, 2025-2032, US$ Bn
- 1.3. Key Market Trends
- 1.4. Industry Developments and Key Market Events
- 1.5. Demand Side and Supply Side Analysis
- 1.6. PMR Analysis and Recommendations
- 2. Market Overview
- 2.1. Market Scope and Definitions
- 2.2. Value Chain Analysis
- 2.3. Macro-Economic Factors
- 2.3.1. Global GDP Outlook
- 2.3.2. Global Automotive Industry Overview
- 2.3.3. Global Car Sales Overview
- 2.4. Forecast Factors – Relevance and Impact
- 2.5. COVID-19 Impact Assessment
- 2.6. PESTLE Analysis
- 2.7. Porter's Five Forces Analysis
- 2.8. Geopolitical Tensions: Market Impact
- 2.9. Regulatory and Technology Landscape
- 3. Market Dynamics
- 3.1. Drivers
- 3.2. Restraints
- 3.3. Opportunities
- 3.4. Trends
- 4. Price Trend Analysis, 2019-2032
- 4.1. Region-wise Price Analysis
- 4.2. Price by Segments
- 4.3. Price Impact Factors
- 5. Global Automotive Steering Wheel Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 5.1. Key Highlights
- 5.2. Global Automotive Steering Wheel Market Outlook: Product Type
- 5.2.1. Introduction/Key Findings
- 5.2.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Product Type, 2019-2024
- 5.2.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Product Type, 2025-2032
- 5.2.3.1. Magnesium Steering Wheel
- 5.2.3.2. Aluminum Steering Wheel
- 5.2.3.3. Steel Steering Wheel
- 5.2.3.4. Others
- 5.2.4. Market Attractiveness Analysis: Product Type
- 5.3. Global Automotive Steering Wheel Market Outlook: Vehicle Type
- 5.3.1. Introduction/Key Findings
- 5.3.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Vehicle Type, 2019-2024
- 5.3.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Vehicle Type, 2025-2032
- 5.3.3.1. Passenger Vehicle
- 5.3.3.1.1. Compact
- 5.3.3.1.2. Hatchback
- 5.3.3.1.3. Sedan
- 5.3.3.1.4. SUVs
- 5.3.3.2. Commercial Vehicle
- 5.3.3.3. Electric Vehicles
- 5.3.4. Market Attractiveness Analysis: Vehicle Type
- 5.4. Global Automotive Steering Wheel Market Outlook: Technology
- 5.4.1. Introduction/Key Findings
- 5.4.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Technology , 2019-2024
- 5.4.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Technology , 2025-2032
- 5.4.3.1. Normal
- 5.4.3.2. Control Embedded
- 5.4.4. Market Attractiveness Analysis: Technology
- 5.5. Global Automotive Steering Wheel Market Outlook: Sales Channel
- 5.5.1. Introduction/Key Findings
- 5.5.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Sales Channel, 2019-2024
- 5.5.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Sales Channel, 2025-2032
- 5.5.3.1. OEM
- 5.5.3.2. Aftermarket
- 5.5.4. Market Attractiveness Analysis: Sales Channel
- 6. Global Automotive Steering Wheel Market Outlook: Region
- 6.1. Key Highlights
- 6.2. Historical Market Size (US$ Bn) and Volume (Units) Analysis by Region, 2019-2024
- 6.3. Current Market Size (US$ Bn) and Volume (Units) Forecast, by Region, 2025-2032
- 6.3.1. North America
- 6.3.2. Europe
- 6.3.3. East Asia
- 6.3.4. South Asia & Oceania
- 6.3.5. Latin America
- 6.3.6. Middle East & Africa
- 6.4. Market Attractiveness Analysis: Region
- 7. North America Automotive Steering Wheel Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 7.1. Key Highlights
- 7.2. Pricing Analysis
- 7.3. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 7.3.1. U.S.
- 7.3.2. Canada
- 7.4. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Product Type, 2025-2032
- 7.4.1. Magnesium Steering Wheel
- 7.4.2. Aluminum Steering Wheel
- 7.4.3. Steel Steering Wheel
- 7.4.4. Others
- 7.5. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Vehicle Type, 2025-2032
- 7.5.1. Passenger Vehicle
- 7.5.1.1. Compact
- 7.5.1.2. Hatchback
- 7.5.1.3. Sedan
- 7.5.1.4. SUVs
- 7.5.2. Commercial Vehicle
- 7.5.3. Electric Vehicles
- 7.6. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Technology , 2025-2032
- 7.6.1. Normal
- 7.6.2. Control Embedded
- 7.7. North America Market Size (US$ Bn) and Volume (Units) Forecast, by Sales Channel, 2025-2032
- 7.7.1. OEM
- 7.7.2. Aftermarket
- 8. Europe Automotive Steering Wheel Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 8.1. Key Highlights
- 8.2. Pricing Analysis
- 8.3. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 8.3.1. Germany
- 8.3.2. Italy
- 8.3.3. France
- 8.3.4. U.K.
- 8.3.5. Spain
- 8.3.6. Russia
- 8.3.7. Rest of Europe
- 8.4. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Product Type, 2025-2032
- 8.4.1. Magnesium Steering Wheel
- 8.4.2. Aluminum Steering Wheel
- 8.4.3. Steel Steering Wheel
- 8.4.4. Others
- 8.5. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Vehicle Type, 2025-2032
- 8.5.1. Passenger Vehicle
- 8.5.1.1. Compact
- 8.5.1.2. Hatchback
- 8.5.1.3. Sedan
- 8.5.1.4. SUVs
- 8.5.2. Commercial Vehicle
- 8.5.3. Electric Vehicles
- 8.6. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Technology , 2025-2032
- 8.6.1. Normal
- 8.6.2. Control Embedded
- 8.7. Europe Market Size (US$ Bn) and Volume (Units) Forecast, by Sales Channel, 2025-2032
- 8.7.1. OEM
- 8.7.2. Aftermarket
- 9. East Asia Automotive Steering Wheel Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 9.1. Key Highlights
- 9.2. Pricing Analysis
- 9.3. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 9.3.1. China
- 9.3.2. Japan
- 9.3.3. South Korea
- 9.4. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Product Type, 2025-2032
- 9.4.1. Magnesium Steering Wheel
- 9.4.2. Aluminum Steering Wheel
- 9.4.3. Steel Steering Wheel
- 9.4.4. Others
- 9.5. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Vehicle Type, 2025-2032
- 9.5.1. Passenger Vehicle
- 9.5.1.1. Compact
- 9.5.1.2. Hatchback
- 9.5.1.3. Sedan
- 9.5.1.4. SUVs
- 9.5.2. Commercial Vehicle
- 9.5.3. Electric Vehicles
- 9.6. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Technology , 2025-2032
- 9.6.1. Normal
- 9.6.2. Control Embedded
- 9.7. East Asia Market Size (US$ Bn) and Volume (Units) Forecast, by Sales Channel, 2025-2032
- 9.7.1. OEM
- 9.7.2. Aftermarket
- 10. South Asia & Oceania Automotive Steering Wheel Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 10.1. Key Highlights
- 10.2. Pricing Analysis
- 10.3. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 10.3.1. India
- 10.3.2. Southeast Asia
- 10.3.3. ANZ
- 10.3.4. Rest of SAO
- 10.4. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Product Type, 2025-2032
- 10.4.1. Magnesium Steering Wheel
- 10.4.2. Aluminum Steering Wheel
- 10.4.3. Steel Steering Wheel
- 10.4.4. Others
- 10.5. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Vehicle Type, 2025-2032
- 10.5.1. Passenger Vehicle
- 10.5.1.1. Compact
- 10.5.1.2. Hatchback
- 10.5.1.3. Sedan
- 10.5.1.4. SUVs
- 10.5.2. Commercial Vehicle
- 10.5.3. Electric Vehicles
- 10.6. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Technology , 2025-2032
- 10.6.1. Normal
- 10.6.2. Control Embedded
- 10.7. South Asia & Oceania Market Size (US$ Bn) and Volume (Units) Forecast, by Sales Channel, 2025-2032
- 10.7.1. OEM
- 10.7.2. Aftermarket
- 11. Latin America Automotive Steering Wheel Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 11.1. Key Highlights
- 11.2. Pricing Analysis
- 11.3. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 11.3.1. Brazil
- 11.3.2. Mexico
- 11.3.3. Rest of LATAM
- 11.4. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Product Type, 2025-2032
- 11.4.1. Magnesium Steering Wheel
- 11.4.2. Aluminum Steering Wheel
- 11.4.3. Steel Steering Wheel
- 11.4.4. Others
- 11.5. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Vehicle Type, 2025-2032
- 11.5.1. Passenger Vehicle
- 11.5.1.1. Compact
- 11.5.1.2. Hatchback
- 11.5.1.3. Sedan
- 11.5.1.4. SUVs
- 11.5.2. Commercial Vehicle
- 11.5.3. Electric Vehicles
- 11.6. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Technology , 2025-2032
- 11.6.1. Normal
- 11.6.2. Control Embedded
- 11.7. Latin America Market Size (US$ Bn) and Volume (Units) Forecast, by Sales Channel, 2025-2032
- 11.7.1. OEM
- 11.7.2. Aftermarket
- 12. Middle East & Africa Automotive Steering Wheel Market Outlook: Historical (2019-2024) and Forecast (2025-2032)
- 12.1. Key Highlights
- 12.2. Pricing Analysis
- 12.3. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Country, 2025-2032
- 12.3.1. GCC Countries
- 12.3.2. South Africa
- 12.3.3. Northern Africa
- 12.3.4. Rest of MEA
- 12.4. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Product Type, 2025-2032
- 12.4.1. Magnesium Steering Wheel
- 12.4.2. Aluminum Steering Wheel
- 12.4.3. Steel Steering Wheel
- 12.4.4. Others
- 12.5. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Vehicle Type, 2025-2032
- 12.5.1. Passenger Vehicle
- 12.5.1.1. Compact
- 12.5.1.2. Hatchback
- 12.5.1.3. Sedan
- 12.5.1.4. SUVs
- 12.5.2. Commercial Vehicle
- 12.5.3. Electric Vehicles
- 12.6. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Technology , 2025-2032
- 12.6.1. Normal
- 12.6.2. Control Embedded
- 12.7. Middle East & Africa Market Size (US$ Bn) and Volume (Units) Forecast, by Sales Channel, 2025-2032
- 12.7.1. OEM
- 12.7.2. Aftermarket
- 13. Competition Landscape
- 13.1. Market Share Analysis, 2025
- 13.2. Market Structure
- 13.2.1. Competition Intensity Mapping
- 13.2.2. Competition Dashboard
- 13.3. Company Profiles
- 13.3.1. JTEKT Corporation
- 13.3.1.1. Company Overview
- 13.3.1.2. Product Portfolio/Offerings
- 13.3.1.3. Key Financials
- 13.3.1.4. SWOT Analysis
- 13.3.1.5. Company Strategy and Key Developments
- 13.3.2. Toyoda Gosei Co. Ltd
- 13.3.3. Autoliv Inc
- 13.3.4. ZF Friedrichshafen AG
- 13.3.5. Hyundai Mobis Co. Ltd
- 13.3.6. GKN Automotive
- 13.3.7. Nihon Plast Co. Ltd
- 13.3.8. Ningbo Joyson Electronics Co. Ltd
- 13.3.9. Nexteer Corporation
- 13.3.10. Robert Bosch
- 14. Appendix
- 14.1. Research Methodology
- 14.2. Research Assumptions
- 14.3. Acronyms and Abbreviations
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