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Global Automotive Steering Wheel Market 2024-2028

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  • AB Volvo
  • Autoliv Inc.
  • ISOTTA
  • Joyson Safety Systems Aschaffenburg GmbH
  • KKR Metal Components
  • MOMO Srl
  • Moto Lita Ltd.
  • MZW Motor
  • Nexteer Automotive Group Ltd.
  • Nihon Plast Co. Ltd.
  • Sun Autoelektrik Pvt. Ltd.
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  • Valeo SA
  • ZF Friedrichshafen AG

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KSA 24.03.04

The automotive steering wheel market is forecasted to grow by USD 11.20 bn during 2023-2028, accelerating at a CAGR of 7% during the forecast period. The report on the automotive steering wheel market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing use of steering-mounted electronics makes wheels more intuitive, growing adoption of electronic and assisted steering systems, and increase in sales of electric vehicles.

Technavio's automotive steering wheel market is segmented as below:

Market Scope
Base Year2024
End Year2028
Series Year2024-2028
Growth MomentumAccelerate
YOY 20246.7%
CAGR7%
Incremental Value$11.20bn

By Application

  • Passenger cars
  • Commercial vehicles

By Channel

  • OEM
  • Aftermarket

By Geographical Landscape

  • APAC
  • North America
  • Europe
  • South America
  • Middle East and Africa

This study identifies the debut of gesture recognition technology in steering wheels as one of the prime reasons driving the automotive steering wheel market growth during the next few years. Also, development of collapsing/foldable steering wheels and continuous advances in steering wheel technology will lead to sizable demand in the market.

The report on the automotive steering wheel market covers the following areas:

  • Automotive steering wheel market sizing
  • Automotive steering wheel market forecast
  • Automotive steering wheel market industry analysis

The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive steering wheel market vendors that include A.G Industries Pvt. Ltd., AB Volvo, Autoliv Inc., Dowlais Group plc, Grant Products, GSK InTek Co. Ltd., ISOTTA, Joyson Safety Systems Aschaffenburg GmbH, KKR Metal Components, MOMO Srl, MZW Motor, Nexteer Automotive Group Ltd., Nihon Plast Co. Ltd., SAIC Motor Corp. Ltd., Sun Autoelektrik Pvt. Ltd., Tokai Rika Co. Ltd., Toyoda Gosei Co. Ltd., Valeo SA, ZF Friedrichshafen AG, and Moto Lita Ltd.. Also, the automotive steering wheel market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.

Table of Contents

1 Executive Summary

  • 1.1 Market overview
  • Exhibit 01: Executive Summary - Chart on Market Overview
  • Exhibit 02: Executive Summary - Data Table on Market Overview
  • Exhibit 03: Executive Summary - Chart on Global Market Characteristics
  • Exhibit 04: Executive Summary - Chart on Market By Geographical Landscape
  • Exhibit 05: Executive Summary - Chart on Market Segmentation by Application
  • Exhibit 06: Executive Summary - Chart on Market Segmentation by Channel
  • Exhibit 07: Executive Summary - Chart on Incremental Growth
  • Exhibit 08: Executive Summary - Data Table on Incremental Growth
  • Exhibit 09: Executive Summary - Chart on Vendor Market Positioning

2 Market Landscape

  • 2.1 Market ecosystem
  • Exhibit 10: Parent market
  • Exhibit 11: Market Characteristics

3 Market Sizing

  • 3.1 Market definition
  • Exhibit 12: Offerings of vendors included in the market definition
  • 3.2 Market segment analysis
  • Exhibit 13: Market segments
  • 3.3 Market size 2023
  • 3.4 Market outlook: Forecast for 2023-2028
  • Exhibit 14: Chart on Global - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 15: Data Table on Global - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 16: Chart on Global Market: Year-over-year growth 2023-2028 (%)
  • Exhibit 17: Data Table on Global Market: Year-over-year growth 2023-2028 (%)

4 Historic Market Size

  • 4.1 Global automotive steering wheel market 2018 - 2022
  • Exhibit 18: Historic Market Size - Data Table on global automotive steering wheel market 2018 - 2022 ($ billion)
  • 4.2 Application Segment Analysis 2018 - 2022
  • Exhibit 19: Historic Market Size - Application Segment 2018 - 2022 ($ billion)
  • 4.3 Channel Segment Analysis 2018 - 2022
  • Exhibit 20: Historic Market Size - Channel Segment 2018 - 2022 ($ billion)
  • 4.4 Geography Segment Analysis 2018 - 2022
  • Exhibit 21: Historic Market Size - Geography Segment 2018 - 2022 ($ billion)
  • 4.5 Country Segment Analysis 2018 - 2022
  • Exhibit 22: Historic Market Size - Country Segment 2018 - 2022 ($ billion)

5 Five Forces Analysis

  • 5.1 Five forces summary
  • Exhibit 23: Five forces analysis - Comparison between 2023 and 2028
  • 5.2 Bargaining power of buyers
  • Exhibit 24: Chart on Bargaining power of buyers - Impact of key factors 2023 and 2028
  • 5.3 Bargaining power of suppliers
  • Exhibit 25: Bargaining power of suppliers - Impact of key factors in 2023 and 2028
  • 5.4 Threat of new entrants
  • Exhibit 26: Threat of new entrants - Impact of key factors in 2023 and 2028
  • 5.5 Threat of substitutes
  • Exhibit 27: Threat of substitutes - Impact of key factors in 2023 and 2028
  • 5.6 Threat of rivalry
  • Exhibit 28: Threat of rivalry - Impact of key factors in 2023 and 2028
  • 5.7 Market condition
  • Exhibit 29: Chart on Market condition - Five forces 2023 and 2028

6 Market Segmentation by Application

  • 6.1 Market segments
  • Exhibit 30: Chart on Application - Market share 2023-2028 (%)
  • Exhibit 31: Data Table on Application - Market share 2023-2028 (%)
  • 6.2 Comparison by Application
  • Exhibit 32: Chart on Comparison by Application
  • Exhibit 33: Data Table on Comparison by Application
  • 6.3 Passenger cars - Market size and forecast 2023-2028
  • Exhibit 34: Chart on Passenger cars - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 35: Data Table on Passenger cars - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 36: Chart on Passenger cars - Year-over-year growth 2023-2028 (%)
  • Exhibit 37: Data Table on Passenger cars - Year-over-year growth 2023-2028 (%)
  • 6.4 Commercial vehicles - Market size and forecast 2023-2028
  • Exhibit 38: Chart on Commercial vehicles - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 39: Data Table on Commercial vehicles - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 40: Chart on Commercial vehicles - Year-over-year growth 2023-2028 (%)
  • Exhibit 41: Data Table on Commercial vehicles - Year-over-year growth 2023-2028 (%)
  • 6.5 Market opportunity by Application
  • Exhibit 42: Market opportunity by Application ($ billion)
  • Exhibit 43: Data Table on Market opportunity by Application ($ billion)

7 Market Segmentation by Channel

  • 7.1 Market segments
  • Exhibit 44: Chart on Channel - Market share 2023-2028 (%)
  • Exhibit 45: Data Table on Channel - Market share 2023-2028 (%)
  • 7.2 Comparison by Channel
  • Exhibit 46: Chart on Comparison by Channel
  • Exhibit 47: Data Table on Comparison by Channel
  • 7.3 OEM - Market size and forecast 2023-2028
  • Exhibit 48: Chart on OEM - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 49: Data Table on OEM - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 50: Chart on OEM - Year-over-year growth 2023-2028 (%)
  • Exhibit 51: Data Table on OEM - Year-over-year growth 2023-2028 (%)
  • 7.4 Aftermarket - Market size and forecast 2023-2028
  • Exhibit 52: Chart on Aftermarket - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 53: Data Table on Aftermarket - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 54: Chart on Aftermarket - Year-over-year growth 2023-2028 (%)
  • Exhibit 55: Data Table on Aftermarket - Year-over-year growth 2023-2028 (%)
  • 7.5 Market opportunity by Channel
  • Exhibit 56: Market opportunity by Channel ($ billion)
  • Exhibit 57: Data Table on Market opportunity by Channel ($ billion)

8 Customer Landscape

  • 8.1 Customer landscape overview
  • Exhibit 58: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

  • 9.1 Geographic segmentation
  • Exhibit 59: Chart on Market share By Geographical Landscape 2023-2028 (%)
  • Exhibit 60: Data Table on Market share By Geographical Landscape 2023-2028 (%)
  • 9.2 Geographic comparison
  • Exhibit 61: Chart on Geographic comparison
  • Exhibit 62: Data Table on Geographic comparison
  • 9.3 APAC - Market size and forecast 2023-2028
  • Exhibit 63: Chart on APAC - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 64: Data Table on APAC - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 65: Chart on APAC - Year-over-year growth 2023-2028 (%)
  • Exhibit 66: Data Table on APAC - Year-over-year growth 2023-2028 (%)
  • 9.4 North America - Market size and forecast 2023-2028
  • Exhibit 67: Chart on North America - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 68: Data Table on North America - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 69: Chart on North America - Year-over-year growth 2023-2028 (%)
  • Exhibit 70: Data Table on North America - Year-over-year growth 2023-2028 (%)
  • 9.5 Europe - Market size and forecast 2023-2028
  • Exhibit 71: Chart on Europe - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 72: Data Table on Europe - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 73: Chart on Europe - Year-over-year growth 2023-2028 (%)
  • Exhibit 74: Data Table on Europe - Year-over-year growth 2023-2028 (%)
  • 9.6 South America - Market size and forecast 2023-2028
  • Exhibit 75: Chart on South America - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 76: Data Table on South America - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 77: Chart on South America - Year-over-year growth 2023-2028 (%)
  • Exhibit 78: Data Table on South America - Year-over-year growth 2023-2028 (%)
  • 9.7 Middle East and Africa - Market size and forecast 2023-2028
  • Exhibit 79: Chart on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 80: Data Table on Middle East and Africa - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 81: Chart on Middle East and Africa - Year-over-year growth 2023-2028 (%)
  • Exhibit 82: Data Table on Middle East and Africa - Year-over-year growth 2023-2028 (%)
  • 9.8 US - Market size and forecast 2023-2028
  • Exhibit 83: Chart on US - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 84: Data Table on US - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 85: Chart on US - Year-over-year growth 2023-2028 (%)
  • Exhibit 86: Data Table on US - Year-over-year growth 2023-2028 (%)
  • 9.9 China - Market size and forecast 2023-2028
  • Exhibit 87: Chart on China - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 88: Data Table on China - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 89: Chart on China - Year-over-year growth 2023-2028 (%)
  • Exhibit 90: Data Table on China - Year-over-year growth 2023-2028 (%)
  • 9.10 Germany - Market size and forecast 2023-2028
  • Exhibit 91: Chart on Germany - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 92: Data Table on Germany - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 93: Chart on Germany - Year-over-year growth 2023-2028 (%)
  • Exhibit 94: Data Table on Germany - Year-over-year growth 2023-2028 (%)
  • 9.11 France - Market size and forecast 2023-2028
  • Exhibit 95: Chart on France - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 96: Data Table on France - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 97: Chart on France - Year-over-year growth 2023-2028 (%)
  • Exhibit 98: Data Table on France - Year-over-year growth 2023-2028 (%)
  • 9.12 Japan - Market size and forecast 2023-2028
  • Exhibit 99: Chart on Japan - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 100: Data Table on Japan - Market size and forecast 2023-2028 ($ billion)
  • Exhibit 101: Chart on Japan - Year-over-year growth 2023-2028 (%)
  • Exhibit 102: Data Table on Japan - Year-over-year growth 2023-2028 (%)
  • 9.13 Market opportunity By Geographical Landscape
  • Exhibit 103: Market opportunity By Geographical Landscape ($ billion)
  • Exhibit 104: Data Tables on Market opportunity By Geographical Landscape ($ billion)

10 Drivers, Challenges, and Trends

  • 10.1 Market drivers
  • 10.2 Market challenges
  • 10.3 Impact of drivers and challenges
  • Exhibit 105: Impact of drivers and challenges in 2023 and 2028
  • 10.4 Market trends

11 Vendor Landscape

  • 11.1 Overview
  • 11.2 Vendor landscape
  • Exhibit 106: Overview on Criticality of inputs and Factors of differentiation
  • 11.3 Landscape disruption
  • Exhibit 107: Overview on factors of disruption
  • 11.4 Industry risks
  • Exhibit 108: Impact of key risks on business

12 Vendor Analysis

  • 12.1 Vendors covered
  • Exhibit 109: Vendors covered
  • 12.2 Market positioning of vendors
  • Exhibit 110: Matrix on vendor position and classification
  • 12.3 A.G Industries Pvt. Ltd.
  • Exhibit 111: A.G Industries Pvt. Ltd. - Overview
  • Exhibit 112: A.G Industries Pvt. Ltd. - Product / Service
  • Exhibit 113: A.G Industries Pvt. Ltd. - Key offerings
  • 12.4 AB Volvo
  • Exhibit 114: AB Volvo - Overview
  • Exhibit 115: AB Volvo - Business segments
  • Exhibit 116: AB Volvo - Key news
  • Exhibit 117: AB Volvo - Key offerings
  • Exhibit 118: AB Volvo - Segment focus
  • 12.5 Autoliv Inc.
  • Exhibit 119: Autoliv Inc. - Overview
  • Exhibit 120: Autoliv Inc. - Product / Service
  • Exhibit 121: Autoliv Inc. - Key news
  • Exhibit 122: Autoliv Inc. - Key offerings
  • 12.6 ISOTTA
  • Exhibit 123: ISOTTA - Overview
  • Exhibit 124: ISOTTA - Product / Service
  • Exhibit 125: ISOTTA - Key offerings
  • 12.7 Joyson Safety Systems Aschaffenburg GmbH
  • Exhibit 126: Joyson Safety Systems Aschaffenburg GmbH - Overview
  • Exhibit 127: Joyson Safety Systems Aschaffenburg GmbH - Product / Service
  • Exhibit 128: Joyson Safety Systems Aschaffenburg GmbH - Key offerings
  • 12.8 KKR Metal Components
  • Exhibit 129: KKR Metal Components - Overview
  • Exhibit 130: KKR Metal Components - Product / Service
  • Exhibit 131: KKR Metal Components - Key offerings
  • 12.9 MOMO Srl
  • Exhibit 132: MOMO Srl - Overview
  • Exhibit 133: MOMO Srl - Product / Service
  • Exhibit 134: MOMO Srl - Key offerings
  • 12.10 Moto Lita Ltd.
  • Exhibit 135: Moto Lita Ltd. - Overview
  • Exhibit 136: Moto Lita Ltd. - Product / Service
  • Exhibit 137: Moto Lita Ltd. - Key offerings
  • 12.11 MZW Motor
  • Exhibit 138: MZW Motor - Overview
  • Exhibit 139: MZW Motor - Product / Service
  • Exhibit 140: MZW Motor - Key offerings
  • 12.12 Nexteer Automotive Group Ltd.
  • Exhibit 141: Nexteer Automotive Group Ltd. - Overview
  • Exhibit 142: Nexteer Automotive Group Ltd. - Business segments
  • Exhibit 143: Nexteer Automotive Group Ltd. - Key news
  • Exhibit 144: Nexteer Automotive Group Ltd. - Key offerings
  • Exhibit 145: Nexteer Automotive Group Ltd. - Segment focus
  • 12.13 Nihon Plast Co. Ltd.
  • Exhibit 146: Nihon Plast Co. Ltd. - Overview
  • Exhibit 147: Nihon Plast Co. Ltd. - Business segments
  • Exhibit 148: Nihon Plast Co. Ltd. - Key offerings
  • Exhibit 149: Nihon Plast Co. Ltd. - Segment focus
  • 12.14 Sun Autoelektrik Pvt. Ltd.
  • Exhibit 150: Sun Autoelektrik Pvt. Ltd. - Overview
  • Exhibit 151: Sun Autoelektrik Pvt. Ltd. - Product / Service
  • Exhibit 152: Sun Autoelektrik Pvt. Ltd. - Key offerings
  • 12.15 Tokai Rika Co. Ltd.
  • Exhibit 153: Tokai Rika Co. Ltd. - Overview
  • Exhibit 154: Tokai Rika Co. Ltd. - Product / Service
  • Exhibit 155: Tokai Rika Co. Ltd. - Key offerings
  • 12.16 Valeo SA
  • Exhibit 156: Valeo SA - Overview
  • Exhibit 157: Valeo SA - Business segments
  • Exhibit 158: Valeo SA - Key news
  • Exhibit 159: Valeo SA - Key offerings
  • Exhibit 160: Valeo SA - Segment focus
  • 12.17 ZF Friedrichshafen AG
  • Exhibit 161: ZF Friedrichshafen AG - Overview
  • Exhibit 162: ZF Friedrichshafen AG - Business segments
  • Exhibit 163: ZF Friedrichshafen AG - Key news
  • Exhibit 164: ZF Friedrichshafen AG - Key offerings
  • Exhibit 165: ZF Friedrichshafen AG - Segment focus

13 Appendix

  • 13.1 Scope of the report
  • 13.2 Inclusions and exclusions checklist
  • Exhibit 166: Inclusions checklist
  • Exhibit 167: Exclusions checklist
  • 13.3 Currency conversion rates for US$
  • Exhibit 168: Currency conversion rates for US$
  • 13.4 Research methodology
  • Exhibit 169: Research methodology
  • Exhibit 170: Validation techniques employed for market sizing
  • Exhibit 171: Information sources
  • 13.5 List of abbreviations
  • Exhibit 172: List of abbreviations
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