Summary

Persistence Market Research has recently released a comprehensive report on the global automotive steering wheel market. The report provides a detailed evaluation of key market dynamics, including growth drivers, emerging trends, opportunities, and restraints, along with an in-depth analysis of the competitive landscape. The study presents exclusive market data and forward-looking insights outlining the expected growth path of the automotive steering wheel market from 2025 to 2032.

Key Insights:

• Automotive Steering Wheel Market Size (2025E): US$ 32.3 Billion
• Projected Market Value (2032F): US$ 57.9 Billion
• Global Market Growth Rate (CAGR 2025 to 2032): 8.7%

Automotive Steering Wheel Market – Report Scope:

Automotive steering wheels are critical vehicle components that enable directional control and driver interaction with vehicle systems. Modern steering wheels integrate advanced features such as embedded controls, infotainment access, driver assistance functions, and safety technologies. The market includes steering wheels manufactured using materials such as magnesium, aluminum, steel, and composite materials, catering to passenger cars, commercial vehicles, and electric vehicles. Market growth is supported by rising vehicle production, increasing consumer preference for comfort and safety features, and the growing adoption of advanced driver assistance systems (ADAS).

Market Growth Drivers:

The global automotive steering wheel market is driven by increasing demand for passenger vehicles, particularly in emerging economies. Rising adoption of electric vehicles and premium cars has accelerated demand for lightweight and technologically advanced steering wheels. Automakers’ focus on enhancing driver comfort, ergonomics, and in-vehicle connectivity further fuels market growth. Additionally, advancements in steering wheel materials and the integration of control-embedded technologies support higher market penetration across vehicle segments.

Market Restraints:

Despite strong growth prospects, the market faces challenges related to fluctuating raw material prices and supply chain disruptions. High development and integration costs of advanced steering wheel technologies may limit adoption in low-cost vehicle segments. Additionally, stringent automotive safety and quality regulations increase compliance costs for manufacturers, potentially affecting profit margins.

Market Opportunities:

Significant opportunities exist in the development of lightweight steering wheels using magnesium and advanced composites to improve vehicle efficiency. Growing demand for smart steering wheels with integrated touch controls, haptic feedback, and ADAS compatibility presents new revenue avenues. Expansion of electric vehicle production and increasing vehicle customization trends are expected to create long-term growth opportunities. Emerging markets in Asia-Pacific and Latin America offer untapped potential due to rising vehicle ownership and improving automotive infrastructure.

Key Questions Answered in the Report:

• What are the key factors driving growth in the global automotive steering wheel market?
• Which product types and vehicle segments are expected to witness the highest demand?
• How is the shift toward electric and autonomous vehicles influencing steering wheel design?
• Who are the leading players in the automotive steering wheel market?
• What are the major regional trends shaping future market growth?

Competitive Intelligence and Business Strategy:

Leading companies in the automotive steering wheel market focus on product innovation, lightweight material adoption, and advanced control integration to strengthen their competitive position. Strategic collaborations with OEMs, investments in R&D, and expansion of manufacturing capabilities are key business strategies. Mergers, acquisitions, and regional expansions help companies enhance their global footprint and address evolving customer requirements.

Key Companies Profiled:

• 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

Automotive Steering Wheel Market Research Segmentation:

By Product Type

• Magnesium Steering Wheel
• Aluminum Steering Wheel
• Steel Steering Wheel
• Others

By Technology Type

• Normal
• Control Embedded

By Vehicle Type

• Passenger Cars
• Commercial Vehicles
• Electric Vehicles

By Sales Channel

• OEM
• Aftermarket

By Region

• North America
• Europe
• East Asia
• South Asia & Oceania
• Latin America
• Middle East & Africa

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Table of Contents

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, 2024
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