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Automotive Heated Steering Wheel Market Share

Report ID: GMI12397
Published Date: Nov 2024
Report Format: PDF

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Automotive Heated Steering Wheel Market Share

Automotive Heated Steering Wheel Company Market Share, 2024

Autoliv, Gentherm, Joyson Safety Systems collectively held a substantial market share of 18% in the automotive heated steering wheel industry in 2024. Autoliv offers innovative solutions for automotive safety and comfort, including heated steering wheels. The company leverages its expertise in occupant protection systems and collaborates with major OEMs to deliver high-performance comfort features. Autoliv focuses on integrating heating solutions with advanced airbag and safety technologies, catering to both the luxury and mainstream vehicle segments, positioning itself as a key player in thermal systems for automotive comfort.

Gentherm is a leader in thermal management technologies, offering heated steering wheels as part of its extensive portfolio of automotive comfort products. The company uses advanced resistive and infrared heating technologies to provide energy-efficient solutions. Gentherm's strong relationships with global automakers enable it to deliver high-quality, customizable heating systems, positioning it as a dominant player in the growing market for in-vehicle comfort solutions.

Automotive Heated Steering Wheel Market Companies

Major players operating in the automotive heated steering wheel industry are:

Autoliv
Bombardier Recreational Products
BorgWarner
Gentherm
Hyundai Mobis
I.G. Bauerhin
Joyson Safety Systems
Seco Komos
Symtec
ZF Friedrichshafen

Authors: Preeti Wadhwani, Satyam Jaiswal

Frequently Asked Questions (FAQ) :

The market size of automotive heated steering wheel reached USD 3.2 billion in 2024 and is set to grow at a 5.1% CAGR from 2025 to 2034, driven by rising consumer demand for comfort and convenience in vehicles.

The resistive heating segment held 54% of the market share in 2024, favored for its cost-effectiveness and reliability.

The North America market accounted for 33% of the revenue share in 2024 and is expected to exceed USD 1.5 billion by 2034, driven by the demand for automotive comfort features in colder climates.

The key players in the industry include Autoliv, Bombardier Recreational Products, BorgWarner, Gentherm, Hyundai Mobis, I.G. Bauerhin, Joyson Safety Systems, Seco Komos, Symtec, and ZF Friedrichshafen.