Automotive Steering Wheel Market to Reach USD 43.25 Billion by 2030, Driven by Steer-by-Wire Adoption and Safety Integration – Mordor Intelligence

The Automotive Steering Wheel Market is emerging as a key enabler of next-generation vehicle platforms. Steering wheels are no longer limited to mechanical control; they now integrate airbags, electronic sensors, haptic feedback, and even biometric monitoring. With electric and autonomous vehicles reshaping cockpit design, steer-by-wire systems and lightweight materials like aluminum and natural fiber composites are being increasingly deployed. According to a detailed study by Mordor Intelligence, the Automotive Steering Wheel Market is valued at USD 34.98 billion in 2025 and is set to reach USD 43.25 billion by 2030, registering a CAGR of 4.34%. 

Key Trends 

• Increasing adoption of steer-by-wire technology enabling column-less cockpit designs. 
• Rising integration of airbags and driver-monitoring sensors within the steering wheel. 
• Demand for lightweight materials such as aluminum and natural-fiber composites. 
• Growing aftermarket opportunities for customized and replacement steering wheels. 
• Influence of EVs driving adoption of lighter, software-driven steering interfaces. 

Market Segmentation 

By Technology 

• Conventional Column-Steer 
• Electric Power-Assist (EPS) 
• Steer-by-Wire (SbW) 

By Material Type 

• Aluminium Rim 
• Magnesium Rim 
• Steel Rim 
• Natural Fibre Composite Rim 

By Vehicle Type 

• Passenger Cars 
• Light Commercial Vehicles 
• Heavy Commercial Vehicles 
• Bus and Coaches 

By Sales Channel 

• OEM Fitted 
• Aftermarket Replacement 

By Propulsion Type 

• Internal-Combustion Engine 
• Battery-Electric Vehicle 
• Hybrid Electric Vehicle 
• Plug-In Hybrid Electric Vehicles 
• Fuel Cell Electric Vehicles 
• Alternative Fuels 

By Geography 

• North America 
• South America 
• Europe 
• Asia Pacific 
• Middle East and Africa 

Key Players in the Automotive Steering Wheel Market 

• ZF Friedrichshafen AG 
• Joyson Safety Systems 
• Toyoda Gosei Co., Ltd. 
• Autoliv Inc. 
• Nexteer Automotive 

Dominating Country of the Market 

China continues to dominate the Automotive Steering Wheel Market, leveraging its position as the largest automotive manufacturing hub in the world. Strong domestic demand for passenger cars and electric vehicles, coupled with the country’s focus on scaling steer-by-wire and advanced safety features, is reinforcing its leadership. Many global tier-one suppliers have established steering wheel production in China to serve both domestic automakers and international exports, further solidifying its dominant role in shaping the global market. 

Related Reports from Mordor Intelligence 

Automotive Steering Market: https://www.mordorintelligence.com/industry-reports/automotive-steering-market?utm_source=Industrytoday.co.uk 

Europe Electric Power Steering Market: https://www.mordorintelligence.com/industry-reports/europe-electric-power-steering-market?utm_source=Industrytoday.co.uk 

Automotive Steering Sensor Market: https://www.mordorintelligence.com/industry-reports/automotive-steering-sensors-market?utm_source=Industrytoday.co.uk 

About Mordor Intelligence: Mordor Intelligence is a trusted partner for businesses seeking actionable market insights. With 550+ domain experts and specialists across 150+ countries, we deliver comprehensive syndicated and custom research across industries such as aerospace, agriculture, chemicals, consumer goods, energy, healthcare, and many more, helping organizations make informed decisions and achieve strategic goals. 

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