자동차용 스티어링 휠 시장 규모, 점유율, 성장 분석 : 소재 유형별, 제품 유형별, 기술별, 스티어링 휠 유형별, 최종 용도차 유형별, 지역별 - 산업 예측(2025-2032년)

Global Automotive Steering Wheel Market size was valued at USD 25.2 billion in 2023 and is poised to grow from USD 26.79 billion in 2024 to USD 43.67 billion by 2032, growing at a CAGR of 6.3% during the forecast period (2025-2032).

The automotive steering wheel market is poised for significant growth, driven by a surge in vehicle demand and advancements in steering technologies. Increasing focus on driver safety and ergonomic improvements are expected to open new avenues for market participants. The rising integration of advanced driver assistance systems (ADAS) and ongoing investments in innovative steering wheel designs will further stimulate demand through 2032. Additionally, consumer preference for premium and luxury vehicle features is anticipated to enhance the market's growth prospects. The Asia Pacific region is likely to lead this expansion. However, challenges such as retrofitting complexities, the high costs of advanced systems, the rise of autonomous vehicles, and stringent safety regulations may hinder sales during the forecast period.

Top-down and bottom-up approaches were used to estimate and validate the size of the Global Automotive Steering Wheel market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.

Global Automotive Steering Wheel Market Segments Analysis

Global Automotive Steering Wheel Market is segmented by Material Type, Product Type, Technology, Steering Wheel Type, End Use Vehicle Type and region. Based on Material Type, the market is segmented into Plastic, Leather, Wood and Metal. Based on Product Type, the market is segmented into Standard Steering Wheels, Performance Steering Wheels and Adjustable Steering Wheels. Based on Technology, the market is segmented into Normal Steering Wheel and Control Embedded Steering Wheel. Based on Steering Wheel Type, the market is segmented into Conventional Steering Wheels, Electronic Power Steering Wheels and Hydraulic Power Steering Wheels. Based on End Use Vehicle Type, the market is segmented into Passenger Vehicles, Commercial Vehicles and Luxury Vehicles. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa.

Driver of the Global Automotive Steering Wheel Market

The Global Automotive Steering Wheel market is primarily driven by automotive manufacturers' commitment to enhancing both driver and vehicle safety, aimed at reducing accident-related fatalities. These manufacturers are increasingly designing ergonomic steering wheels to ensure optimal comfort for drivers while maintaining essential safety controls. Furthermore, the incorporation of advanced features such as airbags, heated grips, and vibration feedback is expected to contribute significantly to the market's growth. As the industry evolves, these innovations will play a crucial role in shaping the future of steering wheel design and functionality, thereby positively impacting the overall market landscape.

Restraints in the Global Automotive Steering Wheel Market

A significant challenge faced by companies in the global automotive steering wheel market is the retrofitting of advanced steering wheels into older vehicle models. This process is often complicated by high labor costs and the lengthy installation and integration required, which can deter consumers and limit adoption. As a result, these factors are expected to negatively impact revenue generation for the industry both in the short term and into the future. The complexities involved in aligning modern technology with older automotive systems create a major restraint, hindering companies from maximizing their market potential in this evolving landscape.

Market Trends of the Global Automotive Steering Wheel Market

The global automotive steering wheel market is witnessing a significant trend toward the development of yoke-style steering wheels, driven by consumer preferences for futuristic and minimalistic interior designs. As automakers strive to enhance user experience and aesthetic appeal, investing in research and development of these innovative steering systems has become imperative. Yoke-style designs not only offer a distinct visual identity but also improve functionality in modern electric and autonomous vehicles. This shift indicates a broader market evolution, where steering wheel manufacturers are challenged to integrate technology and design seamlessly, catering to an increasingly discerning consumer base while aligning with evolving automotive trends globally.

Table of Contents

Introduction

• Objectives of the Study
• Scope of the Report
• Definitions

Research Methodology

• Information Procurement
• Secondary & Primary Data Methods
• Market Size Estimation
• Market Assumptions & Limitations

Executive Summary

• Global Market Outlook
• Supply & Demand Trend Analysis
• Segmental Opportunity Analysis

Market Dynamics & Outlook

• Market Overview
• Market Size
• Market Dynamics
  • Drivers & Opportunities
  • Restraints & Challenges
• Porters Analysis
  • Competitive rivalry
  • Threat of substitute
  • Bargaining power of buyers
  • Threat of new entrants
  • Bargaining power of suppliers

Key Market Insights

• Key Success Factors
• Degree of Competition
• Top Investment Pockets
• Market Ecosystem
• Market Attractiveness Index, 2024
• PESTEL Analysis
• Macro-Economic Indicators
• Value Chain Analysis
• Pricing Analysis
• Case Studies
• Customer And Buying Criteria Analysis

Global Automotive Steering Wheel Market Size by Material Type & CAGR (2025-2032)

• Market Overview
• Plastic
• Leather
• Wood
• Metal

Global Automotive Steering Wheel Market Size by Product Type & CAGR (2025-2032)

• Market Overview
• Standard Steering Wheels
• Performance Steering Wheels
• Adjustable Steering Wheels

Global Automotive Steering Wheel Market Size by Technology & CAGR (2025-2032)

• Market Overview
• Normal Steering Wheel
• Control Embedded Steering Wheel

Global Automotive Steering Wheel Market Size by Steering Wheel Type & CAGR (2025-2032)

• Market Overview
• Conventional Steering Wheels
• Electronic Power Steering Wheels
• Hydraulic Power Steering Wheels

Global Automotive Steering Wheel Market Size by End Use Vehicle Type & CAGR (2025-2032)

• Market Overview
• Passenger Vehicles
• Commercial Vehicles
• Luxury Vehicles

Global Automotive Steering Wheel Market Size & CAGR (2025-2032)

• North America (Material Type, Product Type, Technology, Steering Wheel Type, End Use Vehicle Type)
  • US
  • Canada
• Europe (Material Type, Product Type, Technology, Steering Wheel Type, End Use Vehicle Type)
  • Germany
  • Spain
  • France
  • UK
  • Italy
  • Rest of Europe
• Asia Pacific (Material Type, Product Type, Technology, Steering Wheel Type, End Use Vehicle Type)
  • China
  • India
  • Japan
  • South Korea
  • Rest of Asia-Pacific
• Latin America (Material Type, Product Type, Technology, Steering Wheel Type, End Use Vehicle Type)
  • Brazil
  • Rest of Latin America
• Middle East & Africa (Material Type, Product Type, Technology, Steering Wheel Type, End Use Vehicle Type)
  • GCC Countries
  • South Africa
  • Rest of Middle East & Africa

Competitive Intelligence

• Top 5 Player Comparison
• Market Positioning of Key Players, 2024
• Strategies Adopted by Key Market Players
• Recent Developments in the Market
• Company Market Share Analysis, 2024
• Company Profiles of All Key Players
  • Company Details
  • Product Portfolio Analysis
  • Company's Segmental Share Analysis
  • Revenue Y-O-Y Comparison (2022-2024)

Key Company Profiles

• Autoliv Inc (Sweden)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• ZF Friedrichshafen AG (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• JTEKT Corporation (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Denso (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Thyssenkrupp (Germany)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Toyoda Gosei Co. Ltd (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Ningbo Joyson Electronics Co. Ltd (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nexteer Corporation (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Mando (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Tokai Rika (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Neaton Auto Products Manufacturing, Inc. (United States)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Fang Le (China)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Sparco S.P.A (Italy)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Hyundai Mobis Co. Ltd (South Korea)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• GKN Automotive (United Kingdom)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments
• Nihon Plast Co. Ltd (Japan)
  • Company Overview
  • Business Segment Overview
  • Financial Updates
  • Key Developments

Conclusion & Recommendations