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Global Steering Wheel for Electric Vehicle Market Growth 2025-2031
Oct 2025
Automobiles
Pages: 143
LPI17305
The global Steering Wheel for Electric Vehicle market size is predicted to grow from US$ 915 million in 2025 to US$ 1985 million in 2031; it is expected to grow at a CAGR of 13.8% from 2025 to 2031.
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A steering wheel for an electric vehicle (EV) is a critical component that allows the driver to control the direction of the vehicle. Unlike traditional internal combustion engine vehicles, EV steering systems often incorporate advanced technologies to enhance driving comfort and responsiveness. Many modern EVs feature electric power-assisted steering (EPAS), which uses electric motors rather than hydraulic pumps to provide steering assistance, making the system lighter and more energy-efficient. Some EVs also integrate innovative designs, such as steering wheels with touch-sensitive controls or even yoke-style designs, to align with the futuristic aesthetic of electric mobility. Ultimately, the steering wheel plays a key role in ensuring a safe, responsive, and enjoyable driving experience in electric vehicles.
United States market for Steering Wheel for Electric Vehicle is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
China market for Steering Wheel for Electric Vehicle is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Europe market for Steering Wheel for Electric Vehicle is estimated to increase from US$ million in 2024 to US$ million by 2031, at a CAGR of % from 2025 through 2031.
Global key Steering Wheel for Electric Vehicle players cover TAKATA, ZF TRW, Nihon Plast, Autoliv, Key Safety Systems, etc. In terms of revenue, the global two largest companies occupied for a share nearly % in 2024.
Infinity Market Research newest research report, the Steering Wheel for Electric Vehicle Industry Forecast looks at past sales and reviews total world Steering Wheel for Electric Vehicle sales in 2024, providing a comprehensive analysis by region and market sector of projected Steering Wheel for Electric Vehicle sales for 2025 through 2031. With Steering Wheel for Electric Vehicle sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Steering Wheel for Electric Vehicle industry.
This Insight Report provides a comprehensive analysis of the global Steering Wheel for Electric Vehicle landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Steering Wheel for Electric Vehicle portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms unique position in an accelerating global Steering Wheel for Electric Vehicle market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Steering Wheel for Electric Vehicle and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Steering Wheel for Electric Vehicle.
This report presents a comprehensive overview, market shares, and growth opportunities of Steering Wheel for Electric Vehicle market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Synthetic Plastics
Synthetic Leather
Genuine Leather
Others
Segmentation by Application:
BEV
PHEV
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the companys coverage, product portfolio, its market penetration.
TAKATA
ZF TRW
Nihon Plast
Autoliv
Key Safety Systems
TOYODA GOSEI
TRW&Fawer
Starion
Yanfeng
Zhejiang Fangxiang
Fellow
Ningbo Mecai
Liaoning Jinxing
Jiangxi Xingxin
Yinzhou Yongcheng
Daimay
Shuangou
Key Questions Addressed in this Report
What is the 10-year outlook for the global Steering Wheel for Electric Vehicle market?
What factors are driving Steering Wheel for Electric Vehicle market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Steering Wheel for Electric Vehicle market opportunities vary by end market size?
How does Steering Wheel for Electric Vehicle break out by Type, by Application?
Steering Wheel for Electric Vehicle Market Scope
| Report Attribute | Details |
|---|---|
| Market Size (Start Year) | USD XX Million |
| Market Size (End Year) | USD XX Million |
| Compound Annual Growth Rate (CAGR) | USD XX Million |
| Forecast Period | USD XX Million |
| Base Year | USD XX Million |
| Historical Data | USD XX Million |
| Key Players | USD XX Million |
REPORT COVERAGE
Revenue forecast, Company Analysis, Industry landscape, Growth factors, and Trends
SEGMENT COVERED
By component, deployment, organization size, application, and industry.
REGIONAL SCOPE
North America, Europe, Asia Pacific, Middle East & Africa, South & Central America
COUNTRY SCOPE
Includes key countries across all major regions.
📘 Frequently Asked Questions
1. What is the market size of Global Steering Wheel for Electric Vehicle Market?
Answer: The global Steering Wheel for Electric Vehicle market size is predicted to grow from US$ 915 million in 2025 to US$ 1985 million in 2031; it is expected to grow at a CAGR of 13.8% from 2025 to 2031.
2. Which regions are analyzed in the Global Steering Wheel for Electric Vehicle Market report?
Answer: The Global Steering Wheel for Electric Vehicle Market report covers major regions such as Europe, Middle East & Africa. Each region is analyzed for trends, opportunities, and market dynamics.
3. What methodology is used for forecasting of Global Steering Wheel for Electric Vehicle Market?
Answer: The Global Steering Wheel for Electric Vehicle Market report uses a mix of primary research, secondary data, and expert analysis to build its forecasts. Models include both qualitative and quantitative approaches.
4. Are emerging markets analyzed separately in the Global Steering Wheel for Electric Vehicle Market?
Answer: Yes, the Global Steering Wheel for Electric Vehicle Market report highlights high-growth emerging regions with dedicated insights. These include untapped opportunities, risks, and potential for expansion.
5. Does the report include competitive benchmarking of Global Steering Wheel for Electric Vehicle Market?
Answer: Yes, Global Steering Wheel for Electric Vehicle Market report compares major players based on revenue, product portfolio, innovation, and regional presence. This helps assess competitive positioning.
6. Can I access country-level data within the Global Steering Wheel for Electric Vehicle Market report?
Answer: Yes, Global Steering Wheel for Electric Vehicle Market report includes detailed data by country, especially for key markets. This allows for localized insights and decision-making.
7. Can I get customized insights or data from the Global Steering Wheel for Electric Vehicle Market report?
Answer: Yes, we offer customization options to align with your specific business needs. You can request tailored sections or regional breakdowns.
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🔐 Secure Payment Guaranteed
Safe checkout with trusted global payment methods.
🌟 Why Choose Infinity Market Research?
At Infinity Market Research, we dont just deliver data — we deliver clarity, confidence, and competitive edge.
In a world driven by insights, we help businesses unlock the infinite potential of informed decisions.
Here why global brands, startups, and decision-makers choose us:
Industry-Centric Expertise
With deep domain knowledge across sectors — from healthcare and technology to manufacturing and consumer goods — our team delivers insights that matter.
Custom Research, Not Cookie-Cutter Reports
Every business is unique, and so are its challenges. Thats why we tailor our research to your specific goals, offering solutions that are actionable, relevant, and reliable.
Data You Can Trust
Our research methodology is rigorous, transparent, and validated at every step. We believe in delivering not just numbers, but numbers that drive real impact.
Client-Centric Approach
Your success is our priority. From first contact to final delivery, our team is responsive, collaborative, and committed to your goals — because you re more than a client; you re a partner.
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