Upcoming Allied Market Research
Automotive Steering Wheel Market

Automotive Steering Wheel Market

by Vehicle Type (Passenger Cars and Commercial Vehicles), Technology Type (Normal Steering Wheel and Control Embedded Steering Wheel), Wheel Type (Small Wheel Type, Medium Wheel Type, and Large Wheel Type), and Sales Channel (Original Equipment Manufacturer (OEM)and Aftermarket): Global Opportunity Analysis and Industry Forecast, 2021-2030.

Report Code: A14793
Pages: NA
Apr 2023 | 1402 Views
Author(s) : NA
Tables: NA
Charts: NA
  • Formats*:

  • pdf

    Single User License, Five User
    License & Enterprise User License

  • xls

    Data Pack Excel License

  • ppt

    It comes with the additional cost
    of $2500.00 contact sales.



Pandemic disrupted the entire world and affected many industries.

Get detailed COVID-19 impact analysis on the Automotive Steering Wheel Market

Request Now !

The steering wheel is the control wheel used by the driver to control the vehicle. It contains a traffic indicator switch, light switch, and wiper switch. It is also called a driving wheel or hand wheel as per the type of steering controls in the vehicle. The steering wheel is the part of the steering system that the driver manipulates, and the rest of the system responds to the driver’s input. The steering system converts the rotatory movement of the steering wheel into the angular motion of the front wheel & multiplies the driver’s effort by mechanical advantage.

Steering wheels are used in most modern land vehicles, including all mass production automobiles such as buses, light & heavy trucks, and tractors. Furthermore, modern automobiles have other controls such as cruise controls, audio & telephone controls as well as paddle-shifters, built into the steering wheel to minimize the extent to which the driver must take their hands of the wheel. Such growth in technological advancements in the steering wheel decreases the driver’s distraction over the road and minimizes chance of accidents. Moreover, the steering system provides a mechanical advantage over front-wheel steering knuckles, offering the driver an easy turning of front wheels with minimum effort in any desired direction. Thus, the increase in the adoption rate of automation and the rise in expenditure power of consumers are expected to have a progressive impact on the automotive steering wheel market.   

COVID-19 Impact Analysis

The spread of  the COVID-19 across the globe has adversely affected the automotive industry, including the steering wheel market. The lockdowns and enforcement of curfews have led to the closure of manufacturing plants which has caused a sharp decline in the production of automobiles & automotive components owing to the government norms & regulations for the pandemic. The pandemic has affected many business aspects such as travel bans, logistics, disrupted supply chain, that halted the raw material exports from China, the major automotive manufacturer. Furthermore, many companies have shifted their operational plants from China to other countries, negatively impacting the Chinese market.    

Top Impacting Factors

  • Rise in demand for vehicles with advanced features, growth in the demand for safety solutions, and increase in disposable income drive the automotive steering wheel market.
  • However, mechanical & linkage failure of the steering wheel, high cost of the advanced steering wheel, and lack of proper maintenance hinder the growth of the automotive steering wheel market.
  • Advancement in driving technology, digitalized steering wheel generation, and use of high-quality materials for steering offer growth opportunities for the automotive steering wheel market.

The Automotive Steering Wheel Market Trends are as Follows:

Rise in Demand for Vehicles with Advanced Features:

The demand for vehicles with advanced features has increased globally, besides the growing necessity for fuel-efficient vehicles. Thus, the increase in demand for automobiles is directly proportional to the automotive steering wheel market.

The modern steering wheel system uses variety of other assistance systems to deliver superior & smooth driving. The demand for smooth driving has increased owing to the usage of construction machinery and hybrid loader. Mercedes

Benz introduced a digitalized generation of steering wheel known as “capacitive steering wheel” that detects whether the hands of drivers are gripping the steering wheel & the touch buttons in the spokes work with the digital signals. Thus, the ongoing development of the advanced features in the steering system has led to drastic changes that increased the demand and production of vehicles in the automobile industry.   

Key Benefits of the Report:

  • This study presents the analytical depiction of the automotive steering wheel market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with challenges of the automotive steering wheel market.
  • The current market is quantitatively analyzed from 2020 to 2030 to highlight the growth scenario of the automotive steering wheel market.
  • The report provides a detailed automotive steering wheel market analysis based on competitive intensity and the competition that will take shape in coming years.

Questions Answered in the Automotive Steering Wheel Market Research Report:

  • Who are the leading market players active in the automotive steering wheel market?
  • What would be the detailed impact of COVID-19 on the market?
  • What are the current trends that would influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities in the automotive steering wheel market?
  • What are the future projections that would help in taking further strategic steps? 

Automotive Steering Wheel Market Report Highlights

Aspects Details
By Vehicle Type
  • Passenger Cars
  • Commercial Vehicles
By Technology Type
  • Normal Steering Wheel
  • Control Embedded Steering Wheel
By Wheel Type
  • Small Wheel Type
  • Medium Wheel Type
  • Large Wheel Type
By Sales Channel
  • Original Equipment Manufacturer
  • Aftermarket
By Region
  • North America  (U.S., Canada, Mexico)
  • Europe  (Germany, France, UK, Italy, Rest of Europe)
  • Asia-Pacific  (China, Japan, India, South Korea, Rest of Asia-Pacific)
  • LAMEA  (Latin America, Middle East, Africa)
Key Market Players Hyundai Mobis Co. Ltd, Takata, Momo Automotive Accessories Inc., Toyoda Gosei, Autoliv, Key Safety Systems, GSK Intek, Moto Lita, Isotta, Sabic.

Loading Table Of Content...

With collective industry experience of about 200 years of its analysts and experts, Allied Market Research (AMR) encompasses most infallible research methodology for its market intelligence and industry analysis. We do not only engrave the deepest levels of markets but also sneak through its slimmest details for the purpose of our market estimates and forecasts. Our approach helps in building greater market consensus view for size, shape and industry trends within each industry segment. We carefully factor in industry trends and real developments for identifying key growth factors and future course of the market. Our research proceeds are the resultant of high quality data, expert views and analysis and high value independent opinions. Our research process is designed to deliver balanced view of the global markets and allow stakeholders to make informed decisions.

We offer our clients exhaustive research and analysis based on wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics and regional intelligence. Our in-house industry experts play instrumental role in designing analytic tools and models, tailored to the requirements of particular industry segment. These analytical tools and models sanitize the data & statistics and enhance the accuracy of our recommendations and advice. With AMR’s calibrated research process and 360` degree data-evaluation methodology, our clients are assured of receiving:

  • Consistent, valuable, robust and actionable data & analysis that can easily be referenced for strategic business planning
  • Technologically sophisticated and reliable insights through well audited and veracious research methodology
  • Sovereign research proceeds that present a tangible depiction of marketplace

With a strong methodology we are, therefore, confident that our research and analysis are most reliable and guarantees sound business planning.

Secondary research
We refer a broad array of industry sources for our secondary, which typically include; however, not limited to: Company SEC filings, annual reports, company websites, broker & financial reports and investor presentations for competitive scenario and shape of the industry

  • Patent and regulatory databases for understanding of technical & legal developments
  • Scientific and technical writings for product information and related preemptions
  • Regional government and statistical databases for macro analysis
  • Authentic new articles, web-casts and other related releases for market evaluation
  • Internal and external proprietary databases, key market indicators and relevant press releases for market estimates and forecast

Primary research
Our primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks and face-to-face interactions. We are also in professional corporate relations with various companies that allow us greater flexibility for reaching out industry participants and commentators for interviews and discussions, fulfilling following functions:

  • Validates and improves the data quality and strengthens research proceeds
  • Further develops analyst team’s market understanding and expertise
  • Supplies authentic information about market size, share, growth and forecasts

Our primary research interview and discussion panels are typically composed of most experienced industry members. These participants include; however, not limited to:

  • Chief executives and VPs of leading corporations specific to industry
  • Product and sales managers or country heads; channel partners and top level distributors; banking, investments and valuation experts Key opinion leaders (KOLs)

Analyst tools and models
AMR has developed set of analyst tools and data models to supplement and expedite the analysis process. Corresponding to markets, where there is significant lack of information and estimates, AMR’s team of experts and analyst develop specific analyst tools and industry models to translate qualitative and quantitative industry indicators into exact industry estimates. These models also allow analysts to examine the prospects and opportunities prevailing in the market to accurately forecast the course of the market.

Call or Email us

U.S.-Canada Toll-free: +1-800-792-5285
Int'l : +1-503-894-6022
Europe : +44-845-528-1300
Email : help@alliedmarketresearch.com

Looking for Customization?

 Customization Request

Have a Question?

 Speak with Analyst

Any Confusion?

 Inquire Before Buying

Have a glance of the Report

  Enquiry Now

Purchase Full Report of
Automotive Steering Wheel Market

Start reading.
This Report and over 19,950+ more Reports, Available with Avenue Library. T&C*.

  • Online Only
  • $3,690
  • Online cloud access only
  • Restricted print, copy, paste & download
  • Read only
  • Free industry update
    (Within 180 days)
  • Free report update in next update cycle
  • Data Pack
  • $3,930
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Single User
  • $5,820
  • Restricted to one authorized user
  • One print only
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Five Users
  • $6,540
  • Limited to five authorized users
  • Print upto five copies
  • Available in
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Enterprise

  • $9,870
  • Unlimited
  • Available in Excel & PDF
  • Free industry update
    (Within 180 days)
  •   Free report update in next update cycle
  • Library

  • $999 $ 1,175
    Per User/ Per month/ Billed annually
  • Published Content
  • Company Profiles
  • Newly Added Content Access
  • 10 PDF
  • 5 Excel Data
    Pack Downloads
  • 250 Company Profiles PDF Downloads
  • Buy Now

*Taxes/Fees, if applicable will be added during checkout. All prices in USD


Why Allied Market Research?


Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers

Get fresh content delivered

Get insights on topics that are crucial for your business. Stay abreast of your interest areas.

Get Industry Data Alerts

Why Allied Market Research?

Infallible Methodology

To ensure high-level data integrity, accurate analysis, and impeccable forecasts

Analyst Support

For complete satisfaction


On-demand customization of scope of the report to exactly meet your needs


Targeted market view to provide pertinent information and save time of readers