Global Heated Steering Wheel Market Growth, Share, Size, Trends and Forecast (2025 - 2031)

By Product Type;

With Airbag System and Without Airbag System.

By Vehicle Type;

Passenger Cars, Light Commercial Vehicles, and Heavy Commercial Vehicles.

By Size;

Less than 14 inches, 14-17 inches, and More than 17 inches.

By Sales Channel;

Original Equipment Manufacturers and Aftermarket.

By Geography;

North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).
Report ID: Rn738766748 Published Date: January, 2025 Updated Date: February, 2025

Introduction

Global Heated Steering Wheel Market (USD Million), 2021 - 2031

In the year 2024, the Global Heated Steering Wheel Market was valued at USD 1072.24 million. The size of this market is expected to increase to USD 1721.78 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 7.0%.

The global heated steering wheel market has experienced substantial growth over recent years, driven by the increasing demand for vehicle comfort and safety features. As modern vehicles continue to incorporate advanced technology to improve driving experiences, consumers are seeking more comfort and convenience in their daily commutes, especially in colder climates. Heated steering wheels, an essential feature for many drivers, provide a simple yet effective solution to improve comfort by ensuring that the steering wheel remains warm in freezing temperatures. This innovation has found its place not only in premium vehicles but also in mass-market cars, as automakers strive to offer enhanced comfort and luxury. The global heated steering wheel market is evolving rapidly, driven by advancements in automotive technologies, shifting consumer preferences, and the growing adoption of electric vehicles (EVs). Furthermore, as climate conditions worsen in various parts of the world, the demand for vehicle features designed to combat harsh environmental conditions has seen a significant uptick. Additionally, the growing awareness about safety features such as airbag integration in steering wheel designs has opened new avenues for market expansion.

The market is marked by the presence of numerous key players who are continuously innovating to meet the rising demand for comfortable driving experiences. The integration of heated steering wheels in both entry-level and high-end vehicles ensures that the market is catering to a broad range of consumers. Moreover, advancements in automotive technologies have enhanced the efficiency and effectiveness of heated steering systems, contributing to their growing popularity. Notably, the market is characterized by increased consumer preference for multifunctional and energy-efficient vehicle components, as well as the ability to incorporate these features without compromising the overall design of the vehicle. Heated steering wheels can be found in various types of vehicles, including passenger cars, light commercial vehicles, and heavy commercial vehicles. Each segment of the market is influenced by factors such as regional climate conditions, consumer income levels, and the level of technology adoption within the automotive sector.

Rising disposable income, increasing vehicle sales, and the evolving lifestyle preferences of consumers are also playing significant roles in propelling the market forward. The ongoing shift towards electric and hybrid vehicles is another major factor contributing to the growth of the heated steering wheel market. Since these vehicles require more specialized technology to ensure energy efficiency, heated steering wheels that consume minimal power have gained popularity. Moreover, as regulatory standards become more stringent regarding vehicle safety and comfort, automakers are increasingly including heated steering wheels as part of their standard or optional features. However, challenges such as high installation costs, lack of awareness, and the technical complexities of integrating these features into different vehicle types continue to exist. Nevertheless, the global heated steering wheel market is poised for continued expansion, fueled by advancements in material science, increased consumer awareness, and a greater focus on vehicle personalization.

  1. Introduction
    1. Research Objectives and Assumptions
    2. Research Methodology
    3. Abbreviations
  2. Market Definition & Study Scope
  3. Executive Summary
    1. Market Snapshot, By Product Type
    2. Market Snapshot, By Vehicle Type
    3. Market Snapshot, By Size
    4. Market Snapshot, By Sales Channel
    5. Market Snapshot, By Region
  4. Global Heated Steering Wheel Market Dynamics
    1. Drivers, Restraints and Opportunities
      1. Drivers
        1. Rising Demand for Comfort Features in Vehicles
        2. Increasing Consumer Preference for Safety Features
        3. Growing Demand for Energy-Efficient Solutions
        4. Advancements in Heating Technologies
      2. Restraints
        1. High Installation Costs
        2. Complex Integration with Other Vehicle Systems
        3. Limited Awareness in Emerging Markets
        4. Consumer Concerns Over Long-Term Durability
      3. Opportunities
        1. Growing Adoption of Electric Vehicles (EVs)
        2. Expansion of Vehicle Features in Emerging Markets
        3. Integration with Autonomous Driving Systems
        4. Advancement in Sustainable Heating Technologies
    2. PEST Analysis
      1. Political Analysis
      2. Economic Analysis
      3. Social Analysis
      4. Technological Analysis
    3. 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. Global Heated Steering Wheel Market, By Product Type, 2021 - 2031 (USD Million)
      1. With Airbag System
      2. Without Airbag System
    2. Global Heated Steering Wheel Market, By Vehicle Type, 2021 - 2031 (USD Million)
      1. Passenger Cars
      2. Light Commercial Vehicles
      3. Heavy Commercial Vehicles
    3. Global Heated Steering Wheel Market, By Size, 2021 - 2031 (USD Million)
      1. Less than 14 inches
      2. 14-17 inches
      3. More than 17 inches
    4. Global Heated Steering Wheel Market, By Sales Channel, 2021 - 2031 (USD Million)
      1. Original Equipment Manufacturers
      2. Aftermarket
    5. Global Heated 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. Robert Bosch GmbH
      2. Continental AG
      3. Gentherm Incorporated
      4. Panasonic Corporation
      5. Valeo SA
      6. ZF Friedrichshafen AG
      7. Preh GmbH
      8. Autoliv Inc.
      9. Toyoda Gosei Co., Ltd.
  7. Analyst Views
  8. Future Outlook of the Market