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Automotive Steering Wheel Market by Product Type, End-Users, and Geography (North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa): Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025 - 2032

Publisher Persistence Research & Consultancy Services
Published Jul 04, 2025
Length 198 Pages
SKU # PERR20198789

Description

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%
Automotive Steering Wheel Market – Report Scope:

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?
Companies Covered in This Report:
  • 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
Market Segmentation

By Sales Channel
  • OEM
  • Aftermarket
By Product Type
  • Magnesium Steering Wheel
  • Aluminum Steering Wheel
  • Steel Steering Wheel
  • Others
By Vehicle Type
  • Passenger Vehicle
  • Commercial Vehicle
  • Electric Vehicles
By Technology
  • Normal
  • Control Embedded
By Region
  • North America
  • Europe
  • East Asia
  • South Asia and Oceania
  • Middle East and Africa
  • Latin America


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Table of Contents

198 Pages
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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