Who are the key players in Global Automotive Steering Wheel Market industry?

The top five key players in the Global Automotive Steering Wheel Market are ZF Friedrichshafen AG, Autoliv Inc., Toyoda Gosei Co. Ltd., Valeo SA, and Delphi Automotive PLC. These companies are known for technological innovations, diverse product portfolios, and strong geographic presence, making them leaders in the automotive steering wheel market.

What is the Global Automotive Steering Wheel Market growth?

The Global Automotive Steering Wheel Market has witnessed steady growth, driven mainly by the rising advanced driver assistance systems (ADAS) integration. In 2023, ZF Friedrichshafen AG reported an uptick in demand for smart steering wheels, contributing to an estimated CAGR of around 5.4% for the forecast period.

Which segment accounted for the largest Global Automotive Steering Wheel Market share?

Passenger vehicles accounted for the largest share in the Global Automotive Steering Wheel Market. This dominance results from the high volume of personal vehicle production worldwide and the increasing incorporation of safety and comfort features, leading to greater demand in this application segment.

What are the factors driving the Global Automotive Steering Wheel Market?

The key driver for the market is the rapid adoption of advanced safety features, including airbag-equipped steering wheels and electronic controls. Companies like Valeo SA invest heavily in R&D to enhance multifunctionality, comfort, and driver safety, propelling overall market growth and innovation.

Which type accounted for the largest Global Automotive Steering Wheel Market share?

The largest market share belongs to the conventional steering wheel type, owing to its widespread use in both entry-level and mid-range vehicles globally. However, demand for multifunctional smart steering wheels is rapidly increasing as automakers like Toyoda Gosei Co. Ltd. integrate advanced features.

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Global Automotive Steering Wheel Market Size & Share Analysis - Growth Trends and Forecast (2026 - 2035)

Global Automotive Steering Wheel Market: by Type (Standard Steering Wheel, Heated Steering Wheel, Multifunction Steering Wheel, Power Steering Wheel, Custom Steering Wheel, Others), Application (Passenger Cars, Commercial Vehicles, Off-Road Vehicles, Electric Vehicles, Two-Wheelers, Others), Distribution Channels (OEM, Aftermarket, Distributors, Online, Offline, Others), Technology (Hydraulic Power Steering, Electric Power Steering, Electro-Hydraulic Power Steering, Steer-by-Wire, Adaptive Steering, Others), Organization Size (Small, Medium, Large) and By Global â Historical & Forecast Period (2020-2035) Comprehensive Study 2025

Last Updated: 06-04-2026 | Format: PDF | Report ID:21583

Market Segmentation

Metrics	Details
Years	2020-2035
Base Year	2025
Market Size	16100
Regions	Asia Pacific, North America, Europe, Rest of World
Segments	By Type (Standard Steering Wheel, Heated Steering Wheel, Multifunction Steering Wheel, Power Steering Wheel, Custom Steering Wheel, Others), By Application (Passenger Cars, Commercial Vehicles, Off-Road Vehicles, Electric Vehicles, Two-Wheelers, Others), By Distribution Channel (OEM, Aftermarket, Distributors, Online, Offline, Others), By Technology (Hydraulic Power Steering, Electric Power Steering, Electro-Hydraulic Power Steering, Steer-by-Wire, Adaptive Steering, Others), By Organization Size (Small, Medium, Large)
Players	ZF Friedrichshafen AG, Autoliv Inc., Tokai Rika Co., Ltd., Toyoda Gosei Co., Ltd., Nihon Plast Co., Ltd., Hyundai Mobis Co., Ltd., Yanfeng Automotive Trim Systems Co., Ltd., Valeo S.A., Momo Srl, Grant Products International Inc., TACHI-S Co., Ltd., Shanghai Baolong Automotive Corporation, Moto Lita Ltd., GSK Intek Co., Ltd., Prodrive Technologies B.V.

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Key Questions Answered

»What is the market size and growth rate of the global and regional market by various segments?
»What is the market size and growth rate of the market for selective countries?
»Which region or sub-segment is expected to drive the market in the forecast period?
»What factors are estimated to drive and restrain the market growth?
»What are the key technological and market trends shaping the market?
»What are the key opportunities in the market?
»What are the key companies operating in the market?
»Which company accounted for the highest market share?

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Study period:

2020-2035

Base year:

2026

Historical data

2020-2024

NO OF PAGE:

167

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Market Segmentation

Metrics	Details
Years	2020-2035
Base Year	2025
Market Size	16100
Regions	Asia Pacific, North America, Europe, Rest of World
Segments	By Type (Standard Steering Wheel, Heated Steering Wheel, Multifunction Steering Wheel, Power Steering Wheel, Custom Steering Wheel, Others), By Application (Passenger Cars, Commercial Vehicles, Off-Road Vehicles, Electric Vehicles, Two-Wheelers, Others), By Distribution Channel (OEM, Aftermarket, Distributors, Online, Offline, Others), By Technology (Hydraulic Power Steering, Electric Power Steering, Electro-Hydraulic Power Steering, Steer-by-Wire, Adaptive Steering, Others), By Organization Size (Small, Medium, Large)
Players	ZF Friedrichshafen AG, Autoliv Inc., Tokai Rika Co., Ltd., Toyoda Gosei Co., Ltd., Nihon Plast Co., Ltd., Hyundai Mobis Co., Ltd., Yanfeng Automotive Trim Systems Co., Ltd., Valeo S.A., Momo Srl, Grant Products International Inc., TACHI-S Co., Ltd., Shanghai Baolong Automotive Corporation, Moto Lita Ltd., GSK Intek Co., Ltd., Prodrive Technologies B.V.