Automotive Steering Wheel Market
By Vehicle Type;
Passenger Cars and Commercial VehiclesBy Technology Type;
Normal Steering Wheel and Control Embedded Steering WheelBy Wheel Type;
Small Wheel Type, Medium Wheel Type and Large Wheel TypeBy Sales Channel;
Original Equipment Manufacturer and AftermarketBy Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)Automotive Steering Wheel Market Overview
Automotive Steering Wheel Market (USD Million)
Automotive Steering Wheel Market was valued at USD 3,420.33 million in the year 2024. The size of this market is expected to increase to USD 4,500.92 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 4.0%.
Automotive Steering Wheel Market
*Market size in USD million
CAGR 4.0 %
| Study Period | 2025 - 2031 |
|---|---|
| Base Year | 2024 |
| CAGR (%) | 4.0 % |
| Market Size (2024) | USD 3,420.33 Million |
| Market Size (2031) | USD 4,500.92 Million |
| Market Concentration | High |
| Report Pages | 300 |
Major Players
- ZF Friedrichshafen AG
- JTEKT Corporation
- Nexteer Automotive
- Autoliv Inc.
- Toyoda Gosei Co., Ltd.
- Takata Corporation
- Key Safety Systems, Inc
- Grant Products International, Inc.
- Momo Srl
- NRG Innovations
- MPI (Max Papis Innovations)
- Race Technologies Inc.
- Italvolanti S.r.l.
- Sparco S.p.A.
- MOMO Automotive Accessories, Inc.
Market Concentration
Consolidated - Market dominated by 1 - 5 major players
Automotive Steering Wheel Market
Fragmented - Highly competitive market without dominant players
The Automotive Steering Wheel Market is experiencing steady growth as steering wheels evolve into multifunctional components. No longer limited to basic driving control, modern steering wheels integrate advanced electronics, safety systems, and driver-assist features. Around 70% of newly designed steering wheels now include integrated controls for infotainment, connectivity, and comfort, highlighting their growing role in the overall driving experience.
Increasing Demand for Safety Integration
The market is driven by the rising adoption of airbags and driver assistance systems within steering wheels. Nearly 65% of vehicles are equipped with steering wheels featuring airbag modules and sensor-based systems, underlining their importance in accident prevention and passenger safety. This integration has made the steering wheel a critical component for both active and passive safety solutions.
Technological Advancements and Comfort Features
Innovations in ergonomics, touch-sensitive controls, and haptic feedback are reshaping consumer expectations. Approximately 55% of modern steering wheels now feature multi-functional touch controls, offering drivers greater convenience without distraction. These improvements enhance driving comfort while supporting seamless interaction with vehicle systems.
Growing Popularity of Smart and Connected Vehicles
The rising adoption of connected vehicles has increased the demand for steering wheels that support integration with digital platforms. Around 60% of smart vehicles include steering wheels with voice command systems, gesture recognition, and customizable interfaces. This trend is strengthening the steering wheel’s role as a central hub for both control and connectivity.
Future Outlook and Market Potential
With expanding focus on autonomous driving technologies, steering wheels are expected to evolve further with foldable and retractable designs. Nearly 40% of upcoming steering wheel concepts emphasize adaptive designs that align with self-driving modes. As automakers push toward innovation and personalization, the automotive steering wheel market is positioned for robust growth in the coming years.
Automotive Steering Wheel Market Key Takeaways
The Automotive Steering Wheel Market is evolving rapidly as steering wheels become more than just a mechanical control—transitioning into intelligent interfaces that support electrification, connectivity, safety and next-generation vehicle architectures. These shifts are creating new opportunities and complexities for OEMs and suppliers alike.
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Vehicle production growth underpins volume demand — Rising global car and light-commercial vehicle output, especially in Asia-Pacific, continues to drive base demand for steering wheels as standard components.
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Electrification and autonomous readiness amplify value — As electric vehicles and ADAS/automated platforms proliferate, steering wheels are being re-imagined with integrated sensors, steer-by-wire systems and advanced HMI capabilities.
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Premiumisation and interior-experience differentiation are gaining traction — Consumer focus on comfort, multi-functionality and materials (e.g., leather, ambient lighting, touch controls) positions the steering wheel as a key branding and tactile interface.
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Material and weight-reduction strategies matter for efficiency goals — Lightweight alloys, natural-fibre composites and slim designs are increasingly used to meet OEM targets for fuel/energy savings, especially for EVs.
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Supply-chain and component-complexity challenges are real — As steering wheels incorporate more electronics, sensors and actuators, manufacturers face risks around semiconductor shortages, regulatory compliance and integration costs.
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Emerging markets offer fastest growth, established ones enable innovation — Asia-Pacific leads in volume growth with strong manufacturing and EV adoption; Europe and North America remain innovation hubs for premium and autonomous-capable steering solutions.
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Eco-systems matter more than standalone parts — Success is increasingly linked to a supplier’s ability to offer holistic solutions (software, electronics, materials, safety systems) rather than just steering-wheel hardware.
Automotive Steering Wheel Market Recent Developments
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In March 2023, ZF Friedrichshafen AG announced the expansion of its portfolio with an innovative heated steering wheel system designed to enhance driver comfort in electric vehicles by maintaining heat without affecting battery performance
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In October 2022, Nexteer Automotive introduced a new customizable steering wheel system with biometric capabilities, allowing enhanced personalization and integration with autonomous vehicle platforms
Automotive Steering Wheel Market Segment Analysis
In this report, the Automotive Steering Wheel Market has been segmented by Vehicle Type, Technology Type, Wheel Type, Sales Channel and Geography. The market’s evolution is shaped by drivers such as ADAS proliferation, cockpit digitalization, and safety regulations, alongside challenges including cost pressures and supply-chain complexity. Vendors emphasize technological advancements, strategic partnerships with OEMs, and targeted regional expansion to capture long-term growth and aftersales opportunities.
Automotive Steering Wheel Market, Segmentation by Vehicle Type
The Vehicle Type axis differentiates design requirements, integration levels, and cost targets across passenger and commercial platforms. Procurement strategies weigh lightweighting, ergonomics, and integration of electronics such as heating, haptics, and driver monitoring sensors. Suppliers pursue platform-based designs, modular architecture, and localized production to meet quality standards while improving lead times.
Passenger Cars
Passenger Cars prioritize premium touchpoints, user-centric controls, and seamless integration with infotainment and ADAS features. Automakers seek distinctive styling, advanced materials, and multi-function switchgear to elevate perceived quality. Growth strategies center on collaboration with software and sensor partners to enable hands-on/off detection and future steer-by-wire readiness.
Commercial Vehicles
Commercial Vehicles emphasize durability, ease of service, and compatibility with vocational applications and heavy-duty ergonomics. Fleet operators value robust materials, heated options for extreme climates, and reliable electronics that withstand long duty cycles. Vendors focus on modular platforms, standardized interfaces, and training support to reduce downtime and lifecycle costs.
Automotive Steering Wheel Market, Segmentation by Technology Type
The Technology Type dimension reflects the progression from conventional steering wheels to control embedded variants that centralize key driver interactions. OEM roadmaps align with cockpit domain controllers, prioritizing safety, tactile feedback, and intuitive layouts that reduce driver distraction. Partnerships with semiconductor and HMI specialists accelerate innovation while meeting stringent validation and compliance requirements.
Normal Steering Wheel
Normal Steering Wheel solutions target value segments and cost-optimized platforms where basic functionality and robustness dominate. The focus is on reliable mechanical performance, high-quality coverings, and consistent finish under high-volume manufacturing. Manufacturers leverage continuous improvement in materials and process controls to maintain competitiveness without excessive electronic content.
Control Embedded Steering Wheel
Control Embedded Steering Wheel variants integrate multi-function switches, capacitive surfaces, and haptic triggers that streamline access to infotainment and ADAS. This segment benefits from cross-domain collaboration in software, mechatronics, and safety validation to ensure dependable performance. Future outlook emphasizes hands-on detection, driver monitoring, and readiness for partial automation milestones.
Automotive Steering Wheel Market, Segmentation by Wheel Type
The Wheel Type view addresses form factor preferences, rim diameters, and ergonomic geometry to suit different vehicle classes and driving profiles. Engineering teams balance maneuverability, steering effort, and visibility of cluster or HUD content when defining size. Material choices, spoke architecture, and heating coverage are tuned to enhance comfort and long-distance drivability.
Small Wheel Type
Small Wheel Type configurations are favored in compact vehicles and sport-tuned trims where quicker steering response is desired. They support agile handling, optimized cockpit packaging, and sport-inspired aesthetics. Suppliers refine rim thickness, grip zones, and thumb rests to deliver precision without compromising comfort.
Medium Wheel Type
Medium Wheel Type options are mainstream across sedans and crossovers, balancing visibility, leverage, and accessory integration. This format accommodates diverse switchgear layouts, heating, and leather or synthetic coverings suited to volume production. OEMs emphasize consistent feel and harmonized styling across model families for brand continuity.
Large Wheel Type
Large Wheel Type designs serve SUVs and commercial platforms where leverage, glove usability, and ruggedness are paramount. Enhanced grip surfaces, robust spokes, and durable trim withstand demanding use cycles. Vendors tune ergonomics for long-haul comfort, integrating heating zones and wear-resistant materials for fleet longevity.
Automotive Steering Wheel Market, Segmentation by Sales Channel
The Sales Channel axis differentiates OEM fitment dynamics from the replacement and customization potential in the aftermarket. OEM programs require rigorous validation, traceability, and synchronized launches with new vehicle platforms. Aftermarket strategies prioritize availability, accessory bundles, and service support to capture retrofit and personalization trends.
Original Equipment Manufacturer
Original Equipment Manufacturer sales are driven by platform awards, long-term supply agreements, and early engineering engagement. Suppliers focus on program management, PPAP and quality gates, and cost-down roadmaps over the vehicle lifecycle. Collaboration with tiered ecosystems ensures reliable electronics integration and compliance with global safety standards.
Aftermarket
Aftermarket demand reflects vehicle personalization, replacement cycles, and fleet refurbishments. Distributors emphasize multi-brand fitment, certified components, and clear installation guidance to reduce returns. Growth opportunities arise from upgrades like heated rims, premium coverings, and multi-function controls compatible with existing harnesses.
Automotive Steering Wheel Market, Segmentation by Geography
In this report, the Automotive Steering Wheel Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Regions and Countries Analyzed in this Report
North America
North America is characterized by strong SUV and pickup mixes, accelerating demand for robust and feature-rich wheels with heating and multi-function controls. Suppliers invest in near-shore manufacturing, automation, and resilient logistics to align with OEM localization strategies. Collaboration with software and sensor partners supports ADAS evolution and regulatory compliance.
Europe
Europe emphasizes advanced HMI, sustainable materials, and premium craftsmanship to serve luxury and compact segments alike. Regional players prioritize eco-conscious coverings, recycled content, and lightweighting without compromising safety. Partnerships across the automotive cluster enable rapid innovation and harmonized quality standards.
Asia Pacific
Asia Pacific benefits from scale manufacturing, rapid platform turnover, and rising adoption of connected cockpits. Local and global suppliers expand capacity, tooling, and design centers to serve diversified OEM portfolios. Future outlook is supported by electrification and compact SUVs, driving demand for embedded controls and heated variants.
Middle East & Africa
Middle East & Africa shows steady demand in utility-focused segments, favoring durable finishes and thermal-resistant materials. Distributors strengthen service networks and technician training to ensure correct installation and reliability. Opportunities emerge from fleet renewals, tourism-led mobility, and expanding aftermarket channels.
Latin America
Latin America focuses on cost-effective, reliable solutions while gradually adopting enhanced comfort features in higher trims. Suppliers build regional assembly and sourcing to mitigate currency and logistics challenges. Collaboration with OEMs on platform commonality and simplified electronics supports sustained market expansion.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Automotive Steering Wheel Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunities Analysis
Drivers:
- Growing vehicle production
- Demand for safety features
- Technological advancements in vehicles
- Increasing focus on comfort
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Shift towards electric vehicles- The global automotive steering wheel market is experiencing a significant shift driven by the transition towards electric vehicles (EVs). As governments worldwide implement stricter emissions regulations and consumers become more environmentally conscious, the demand for EVs continues to rise steadily. This shift is reshaping the automotive industry, impacting various components, including steering wheels. Unlike traditional internal combustion engine vehicles, EVs have different design requirements, including the integration of advanced driver assistance systems (ADAS) and autonomous driving features. Consequently, steering wheels are evolving to accommodate these changes, with an increasing focus on multifunctionality, ergonomic design, and integration with vehicle control systems.
The electrification of vehicles is also influencing the materials used in steering wheel manufacturing. With EVs emphasizing lightweight construction for improved range and efficiency, steering wheels are incorporating materials such as carbon fiber and aluminum alloys to reduce weight while maintaining durability and aesthetics. Additionally, the rise of EVs has spurred innovation in steering wheel technology, with the integration of touch-sensitive controls, haptic feedback systems, and even biometric sensors for enhanced safety and convenience. As automakers continue to invest in EV development and adoption, the automotive steering wheel market is poised for further evolution to meet the demands of the electrified future.
Restraints:
- High cost of advanced systems
- Regulatory challenges
- Limited adoption in emerging markets
- Maintenance complexities
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Consumer resistance to change- Consumer resistance to change can present a significant challenge in the global automotive steering wheel market. Steering wheels have been a fundamental component of vehicles for decades, and any alterations to their design or functionality may face pushback from consumers accustomed to traditional layouts. Additionally, advancements in autonomous driving technology are reshaping the automotive industry, leading to discussions about the necessity of steering wheels in future vehicles. Resistance to this potential shift stems from concerns about relinquishing control and trust in automated systems, as well as a sentimental attachment to the tactile experience of driving. Manufacturers must navigate these complexities by carefully balancing innovation with respect for consumer preferences, perhaps through gradual introductions of new features or enhanced safety measures to build confidence in evolving technologies.
Despite challenges, the global automotive steering wheel market also presents opportunities for innovation and differentiation. Manufacturers are exploring novel materials, ergonomic designs, and integrated features such as touchscreens and haptic feedback to enhance the driving experience and address consumer demands for connectivity and convenience. Furthermore, as electric and hybrid vehicles gain traction, there is growing interest in lightweight and sustainable materials for steering wheel construction to align with eco-friendly initiatives. Moreover, the rise of electric power steering systems offers flexibility in design and functionality, enabling smoother driving experiences and facilitating the integration of advanced driver-assistance systems. By understanding consumer preferences and adapting to evolving trends in technology and sustainability, automotive steering wheel manufacturers can navigate the challenges of consumer resistance and capitalize on emerging opportunities in the global market.
Opportunities:
- Integration of AI technology
- Expansion in autonomous vehicles
- Development of lightweight materials
- Customization for user preferences
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Entry into untapped regions- The global automotive steering wheel market continues to witness significant growth, driven by several factors including technological advancements, rising demand for comfort and convenience features, and increasing automotive production worldwide. As automakers continue to innovate, steering wheels are evolving beyond their traditional role as a simple interface between driver and vehicle. Features such as integrated touch controls, haptic feedback systems, and advanced driver assistance functions are becoming commonplace, enhancing both safety and user experience. Moreover, the growing preference for electric and autonomous vehicles is reshaping steering wheel design, with an emphasis on sleeker, more ergonomic forms and increased connectivity options.
Despite these advancements, there remain untapped regions within the automotive steering wheel market. Emerging markets, particularly in Asia-Pacific and Latin America, present significant opportunities for growth. As disposable incomes rise and urbanization accelerates in these regions, the demand for automobiles is surging, creating a ripe market for steering wheel manufacturers. Additionally, the shift towards electric vehicles in these areas, driven by environmental concerns and government incentives, opens up new avenues for innovation and market penetration. To capitalize on these opportunities, industry players must adapt their strategies to cater to the unique preferences and regulatory landscapes of these untapped regions.
Automotive Steering Wheel Market Competitive Landscape Analysis
Automotive Steering Wheel Market reflects a highly competitive environment shaped by strategic partnerships, advanced innovation, and continuous collaboration among leading manufacturers. Key players are enhancing growth potential by integrating smart technologies and ergonomic designs while focusing on strengthening their market positioning through targeted strategies and product differentiation.
Market Structure and Concentration indicates a moderately concentrated landscape dominated by established automotive suppliers leveraging strategies, long-term partnerships, and technological upgrades to secure higher market shares. Emerging competitors are introducing unique steering control systems, creating increasing competition while supporting sector-wide expansion and sustainable innovation.
Brand and Channel Strategies focus on strengthening brand visibility and optimizing distribution networks through collaborations with automotive OEMs and aftermarket suppliers. Leading companies are adopting strategies involving direct sales, e-commerce platforms, and dealership expansions to boost customer engagement and accelerate growth while maintaining consistency in their value-driven positioning.
Innovation Drivers and Technological Advancements are fueling transformation, with manufacturers investing in technological advancements such as haptic feedback, multifunctional control integration, and driver-assist features. Enhanced innovation in lightweight materials and connectivity-focused designs is enabling collaboration with automotive technology providers, setting new benchmarks in steering wheel performance and overall safety standards.
Regional Momentum and Expansion highlights strong expansion strategies as key players target emerging automotive hubs through strategic partnerships and localized production. Increasing demand for premium vehicles and electric mobility is encouraging collaboration with regional distributors, while adaptive manufacturing strategies are supporting faster penetration across high-growth automotive clusters.
Future Outlook emphasizes sustained growth driven by technological integration, evolving consumer preferences, and intensified collaboration among market leaders. Steering wheel designs are expected to become increasingly connected and multifunctional, reflecting ongoing innovation and market-driven strategies that will shape competitive dynamics and accelerate sector-wide advancement in the coming years.
Key players in Automotive Steering Wheel Market include:
- Autoliv Inc.
- ZF Friedrichshafen AG
- Joyson Safety Systems
- Toyoda Gosei Co., Ltd.
- Nexteer Automotive Group
- Tokai Rika Co., Ltd.
- Hyundai Mobis Co., Ltd.
- JTEKT Corporation
- NSK Ltd.
- Mando Corporation
- Robert Bosch GmbH
- Denso Corporation
- Continental AG
- Thyssenkrupp AG
- Sparco S.p.A.
In this report, the profile of each market player provides following information:
- Market Share Analysis
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Vehicle Type
- Market Snapshot, By Technology Type
- Market Snapshot, By Wheel Type
- Market Snapshot, By Sales Channel
- Market Snapshot, By Region
- Automotive Steering Wheel Market Dynamics
- Drivers, Restraints and Opportunities
- Drivers
- Growing vehicle production
- Demand for safety features
- Technological advancements in vehicles
- Increasing focus on comfort
- Shift towards electric vehicles
- Restraints
- High cost of advanced systems
- Regulatory challenges
- Limited adoption in emerging markets
- Maintenance complexities
- Consumer resistance to change
- Opportunities
- Integration of AI technology
- Expansion in autonomous vehicles
- Development of lightweight materials
- Customization for user preferences
- Entry into untapped regions
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers
- Drivers, Restraints and Opportunities
- Market Segmentation
- Automotive Steering Wheel Market, By Vehicle Type, 2021 - 2031 (USD Million)
- Passenger Cars
- Commercial Vehicles
- Automotive Steering Wheel Market, By Technology Type, 2021 - 2031 (USD Million)
- Normal Steering Wheel
- Control Embedded Steering Wheel
- Automotive Steering Wheel Market, By Wheel Type, 2021 - 2031 (USD Million)
- Small Wheel Type
- Medium Wheel Type
- Large Wheel Type
- Automotive Steering Wheel Market, By Sales Channel, 2021 - 2031 (USD Million)
- Original Equipment Manufacturer
- Aftermarket
- Automotive Steering Wheel Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Automotive Steering Wheel Market, By Vehicle Type, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Autoliv Inc.
- ZF Friedrichshafen AG
- Joyson Safety Systems
- Toyoda Gosei Co., Ltd.
- Nexteer Automotive Group
- Tokai Rika Co., Ltd.
- Hyundai Mobis Co., Ltd.
- JTEKT Corporation
- NSK Ltd.
- Mando Corporation
- Robert Bosch GmbH
- Denso Corporation
- Continental AG
- Thyssenkrupp AG
- Sparco S.p.A.
- Company Profiles
- Analyst Views
- Future Outlook of the Market

