Automotive Steering Wheel Market

By Vehicle Type;

Passenger Cars and Commercial Vehicles

By Technology Type;

Normal Steering Wheel and Control Embedded Steering Wheel

By Wheel Type;

Small Wheel Type, Medium Wheel Type and Large Wheel Type

By Sales Channel;

Original Equipment Manufacturer and Aftermarket

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031)
Report ID: Rn206728716 Published Date: September, 2025 Updated Date: October, 2025

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 Period2025 - 2031
Base Year2024
CAGR (%)4.0 %
Market Size (2024)USD 3,420.33 Million
Market Size (2031)USD 4,500.92 Million
Market ConcentrationHigh
Report Pages300
3,420.33
2024
4,500.92
2031

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.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Vehicle Type
    2. Market Snapshot, By Technology Type
    3. Market Snapshot, By Wheel Type
    4. Market Snapshot, By Sales Channel
    5. Market Snapshot, By Region
  4. Automotive Steering Wheel Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Growing vehicle production
        2. Demand for safety features
        3. Technological advancements in vehicles
        4. Increasing focus on comfort
        5. Shift towards electric vehicles
      2. Restraints
        1. High cost of advanced systems
        2. Regulatory challenges
        3. Limited adoption in emerging markets
        4. Maintenance complexities
        5. Consumer resistance to change
      3. Opportunities
        1. Integration of AI technology
        2. Expansion in autonomous vehicles
        3. Development of lightweight materials
        4. Customization for user preferences
        5. Entry into untapped regions
      4. PEST Analysis
        1. Political Analysis
        2. Economic Analysis
        3. Social Analysis
        4. Technological Analysis
      5. Porter's Analysis
        1. Bargaining Power of Suppliers
        2. Bargaining Power of Buyers
        3. Threat of Substitutes
        4. Threat of New Entrants
        5. Competitive Rivalry
  5. Market Segmentation
    1. Automotive Steering Wheel Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger Cars
      2. Commercial Vehicles
    2. Automotive Steering Wheel Market, By Technology Type, 2021 - 2031 (USD Million)
      1. Normal Steering Wheel
      2. Control Embedded Steering Wheel
    3. Automotive Steering Wheel Market, By Wheel Type, 2021 - 2031 (USD Million)
      1. Small Wheel Type
      2. Medium Wheel Type
      3. Large Wheel Type
    4. Automotive Steering Wheel Market, By Sales Channel, 2021 - 2031 (USD Million)
      1. Original Equipment Manufacturer
      2. Aftermarket
    5. Automotive Steering Wheel Market, By Geography, 2021 - 2031 (USD Million)
      1. North America
        1. United States
        2. Canada
      2. Europe
        1. Germany
        2. United Kingdom
        3. France
        4. Italy
        5. Spain
        6. Nordic
        7. Benelux
        8. Rest of Europe
      3. Asia Pacific
        1. Japan
        2. China
        3. India
        4. Australia & New Zealand
        5. South Korea
        6. ASEAN (Association of South East Asian Countries)
        7. Rest of Asia Pacific
      4. Middle East & Africa
        1. GCC
        2. Israel
        3. South Africa
        4. Rest of Middle East & Africa
      5. Latin America
        1. Brazil
        2. Mexico
        3. Argentina
        4. Rest of Latin America
  6. Competitive Landscape
    1. Company Profiles
      1. Autoliv Inc.
      2. ZF Friedrichshafen AG
      3. Joyson Safety Systems
      4. Toyoda Gosei Co., Ltd.
      5. Nexteer Automotive Group
      6. Tokai Rika Co., Ltd.
      7. Hyundai Mobis Co., Ltd.
      8. JTEKT Corporation
      9. NSK Ltd.
      10. Mando Corporation
      11. Robert Bosch GmbH
      12. Denso Corporation
      13. Continental AG
      14. Thyssenkrupp AG
      15. Sparco S.p.A.
  7. Analyst Views
  8. Future Outlook of the Market