Global Car Steering Wheel
Market Report
2025
Global Car Steering Wheel market size was $35.37 Billion in 2022 and it is forecasted to reach $42.32 Billion by 2030. Car Steering Wheel Industry's Compound Annual Growth Rate will be 4.6% from 2023 to 2030.
The base year for the calculation is 2024. The historical will be 2021 to 2024. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
PDF Access: Password protected PDF file, Excel File Access: Quantitative data, PPT Report Access: For the presentation purpose, Cloud Access: Secure Company Account Access.
Share your contact details to receive free updated sample copy/pages of the recently published edition of Car Steering Wheel Market Report 2025.
Global Car Steering Wheel market size was $35.37 Billion in 2022 and it is forecasted to reach $42.32 Billion by 2030. Car Steering Wheel Industry's Compound Annual Growth Rate will be 4.6% from 2023 to 2030.
2024 | 2025 | 2032 | 2033 | CAGR | |
---|---|---|---|---|---|
Global Car Steering Wheel Market Sales Revenue | 121212 | 121212 | 121212 | 121212 | 4.6% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Vehicle Type |
|
Market Split by Sales Channel |
|
Market Split by Technology |
|
Market Split by Material |
|
List of Competitors |
|
Regional Analysis |
|
Country Analysis |
|
Report scope is customizable as we have a huge database of Car Steering Wheel industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Car Steering Wheel Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
A car steering wheel is a circular-shaped control that is used to direct the movement and direction of a vehicle. It is usually located in front of the driver's seat and is connected to the vehicle's front wheels via a series of linkages and a steering column. When the driver turns the steering wheel, it rotates the front wheels of the car, which causes the car to change its direction. Modern car steering wheels typically have a number of features, such as horn buttons, airbag modules, audio and cruise control buttons, and paddle shifters (in case of cars with automatic transmissions). The steering wheel is typically covered with a material such as leather or synthetic material, which provides a comfortable grip for the driver.
The growth in the number of cars on the road globally is one of the primary drivers of the car steering wheel market. As the number of cars increases, so does the demand for steering wheels. The introduction of advanced technologies such as sensors, cameras, and software has revolutionized the automotive industry, leading to the development of more advanced and sophisticated steering wheels. Safety is a key concern for drivers and car manufacturers alike. The introduction of advanced safety features such as airbags and anti-lock braking systems (ABS) has led to an increased demand for steering wheels that are designed to be more comfortable and safe to use. With an increasing focus on personalization and customization in the automotive industry, car manufacturers are offering a range of options for steering wheels to meet the needs and preferences of individual customers. The growth of the electric vehicle market is expected to drive the demand for steering wheels with advanced technologies such as driver assistance systems and autonomous driving features.
We have various report editions of Car Steering Wheel Market, hence please contact our sales team and author directly to obtain/purchase a desired Edition eg, Global Edition, Regional Edition, Country Specific Report Edition, Company Profiles, Forecast Edition, etc. Request for your Free Sample PDF/Online Access.
Development of the steering wheel took about a year and a half, with a team of 10 working to create a final version, complete with touch controls, levers, and a central screen. Test drivers were then used by the OEM to ensure the layout was ergonomically correct and that all the systems worked as they should.
Top Companies Market Share in Car Steering Wheel Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
On the basis of region, Asia Pacific is dominating the global car steering wheel market. The Asia-Pacific car steering wheel market is one of the largest and fastest-growing markets in the world. The region includes countries such as China, Japan, India, South Korea, and Australia, among others. The Asia-Pacific region is home to some of the largest automotive markets in the world, including China and India. The growing middle-class population in these countries has led to an increase in demand for cars, which in turn has driven the growth of the car steering wheel market. The Asia-Pacific region is at the forefront of technological innovation, and the automotive industry is no exception. The increasing adoption of advanced technologies such as sensors, cameras, and software has led to the development of more advanced and sophisticated steering wheels.
The current report Scope analyzes Car Steering Wheel Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only.
To learn more about geographical trends request the free sample pages.
Get Free Sample
Global Car Steering Wheel Market Report 2025 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Car Steering Wheel Industry growth. Car Steering Wheel market has been segmented with the help of its Vehicle Type, Sales Channel Technology, and others. Car Steering Wheel market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on the current trends and future market projects, Car Steering Wheel market size is projected from 2019 to 2031, with both quantitative and qualitative analysis based on the Vehicle Type segmentation analysis of the Car Steering Wheel. This helps to understand the fastest-growing segments, such as industrial robots, electric motors, material handling systems, or construction equipment, and others. Type segment analysis gives detailed insights into the factors driving growth, such as technological innovations, automation, and energy efficiency. For instances segments like smart machinery and electric-powered equipment are becoming more popular as industries move towards sustainable and cost-effective solutions.
To better understand the performance of each Vehicle Type segment, several factors are considered. These include technological advancements like IoT and AI integration, changes in consumer demand for more energy-efficient or customizable operation and pricing trends driven by raw material costs and labor. Regulatory impacts also play a role, especially with environmental and safety regulations. This type of analysis offers a clear view of how different types will evolve over time, helping businesses make smarter decisions on investments and strategies. (Report will provide you with customized data, and detailed insight on purchase of paid version of the report)
Vehicle Type of Car Steering Wheel analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Car Steering Wheel Industry. Request a Free Sample PDF!
Based on sales channel, the market is segmented into OEMs and Aftermarket. In the global car steering wheel market, the OEM (Original Equipment Manufacturer) segment has the highest market share. This segment includes steering wheels that are manufactured by automotive original equipment manufacturers and installed in new vehicles during the production process. The high market share of the OEM segment can be attributed to factors such as the growing demand for new cars globally and the increasing adoption of advanced steering wheel technologies by automotive manufacturers.
The above Graph is for representation purposes only. This chart does not depict actual Market share.
To learn more about market share request the free sample pages.
Get Free Sample
Senior Research Analyst at Cognitive Market Research
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights.
Catering to tailored needs of clients in Consulting, Business Intelligence, Market Research, Forecasting, Matrix-Modelling, Data Analytics, Competitive Intelligence, Primary research and Consumer Insights. Experience in analyzing current trends, market demand, market assessment, growth indicators, competitors' strategy, etc. to help top management & investors to make strategic and tactical decisions in the form of market reports and presentations. Successfully delivered more than 500+ client & consulting assignments across verticals. Ability to work independently as well as with a team with confidence and ease.
I am committed to continuous learning and staying at the forefront of emerging trends in research and analytics. Regularly engaging in professional development opportunities, including workshops and conferences, keeps my skill set sharp and up-to-date. I spearheaded research initiatives focused on market trends and competitive landscapes. I have a proven track record of conducting thorough analyses, distilling key insights, and presenting findings in a way that resonates with diverse stakeholders. Through collaboration with cross-functional teams, I played a pivotal role in shaping business strategies rooted in robust research.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Car Steering Wheel Market is witnessing significant growth in the near future.
In 2023, the Passenger Cars segment accounted for noticeable share of global Car Steering Wheel Market and is projected to experience significant growth in the near future.
The OEM segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies KSS, ZF TRW and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
Disclaimer:
Vehicle Type | Passenger Cars, Commercial Vehicles |
Sales Channel | OEM, Aftermarket |
Technology | Conventional, Control Embedded |
Material | Aluminium, Magnesium, Steel, Others |
List of Competitors | KSS, Visteon, ZF TRW, Kongsberg, Toyoda Gosei, Takata, AGS, Birchwood, Koyo Corporation, Neaton, SAIC, Methode |
This chapter will help you gain GLOBAL Market Analysis of Car Steering Wheel. Further deep in this chapter, you will be able to review Global Car Steering Wheel Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Car Steering Wheel. Further deep in this chapter, you will be able to review North America Car Steering Wheel Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Car Steering Wheel. Further deep in this chapter, you will be able to review Europe Car Steering Wheel Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Car Steering Wheel. Further deep in this chapter, you will be able to review Asia Pacific Car Steering Wheel Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Car Steering Wheel. Further deep in this chapter, you will be able to review South America Car Steering Wheel Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East Market Analysis of Car Steering Wheel. Further deep in this chapter, you will be able to review Middle East Car Steering Wheel Market Split by various segments and Country Split.
Chapter 6 Middle East Market Analysis
This chapter will help you gain Middle East Market Analysis of Car Steering Wheel. Further deep in this chapter, you will be able to review Middle East Car Steering Wheel Market Split by various segments and Country Split.
Chapter 7 Africa Market Analysis
This chapter provides an in-depth analysis of the market share among key competitors of Car Steering Wheel. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Vehicle Type Analysis 2019 -2031, will provide market size split by Vehicle Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Vehicle Type Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Sales Channel Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by Technology Analysis 2021 - 2033
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 13 Market Split by Material Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Car Steering Wheel market
Chapter 14 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Chapter 15 Research Methodology and Sources
Why Passenger Cars have a significant impact on Car Steering Wheel market? |
What are the key factors affecting the Passenger Cars and Commercial Vehicles of Car Steering Wheel Market? |
What is the CAGR/Growth Rate of OEM during the forecast period? |
By type, which segment accounted for largest share of the global Car Steering Wheel Market? |
Which region is expected to dominate the global Car Steering Wheel Market within the forecast period? |
Segmentation Level Customization |
|
Global level Data Customization |
|
Region level Data Customization |
|
Country level Data Customization |
|
Company Level |
|
Additional Data Analysis |
|
Additional Qualitative Data |
|
Additional Quantitative Data |
|
Service Level Customization |
|
Report Format Alteration |
|