Automotive Steering Wheel Market: Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2025-2032

Description

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

Product Code: PMRREP16984

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