Automotive Heated Steering Wheel Market Opportunity, Growth Drivers, Industry Trend Analysis, and Forecast 2025 to 2034

November 2024 | 180 pages | ID: A944D32EC4F5EN
Global Market Insights

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The Global Automotive Heated Steering Wheel Market was valued at USD 3.2 billion in 2024 and is anticipated to grow at a CAGR of 5.1% from 2025 to 2034. This growth is primarily driven by increasing consumer demand for enhanced comfort and convenience in vehicles. The rising emphasis on safety during cold-weather driving and a desire for a better driving experience fuel the adoption of heated steering wheels. Innovations, including integration with advanced climate control systems, further accelerate market expansion. Automakers are increasingly prioritizing energy-efficient and premium features, contributing to widespread adoption across various vehicle categories.

The transition toward electric vehicles (EVs) is another key factor shaping the market landscape. Heated steering wheels offer an effective way to ensure cabin comfort while minimizing energy usage, making them an attractive feature for EVs. As the electric vehicle market expands, demand for energy-efficient in-car solutions is set to grow, boosting the adoption of heated steering wheels in modern vehicles.

Based on the power source, the market is segmented into vehicle batteries and alternators. In 2024, vehicle batteries accounted for nearly half of the market share, with their use projected to grow significantly by 2034. As EV adoption rises, battery-powered systems are becoming increasingly efficient, offering faster heating without affecting vehicle performance. Continuous improvements in battery management systems (BMS) are enabling optimized energy usage, ensuring that these systems provide comfort without compromising vehicle range.

The market is also segmented by technology, including resistive, capacitive, and infrared heating. Resistive heating dominated the market in 2024, accounting for the largest share due to its affordability and reliability. This technology, which uses embedded resistive wires to generate heat, is commonly used in mid-range and economy vehicles. Although newer technologies such as infrared and capacitive heating are gaining attention for their energy efficiency, resistive heating remains a preferred choice due to its simplicity and proven effectiveness.

Geographically, North America represented 33% of the market revenue in 2024, with further growth expected by 2034. The region's colder climate and increasing demand for advanced in-car features are driving adoption. As energy-efficient technologies evolve, automakers are incorporating heated steering wheels into more vehicle models to cater to consumer preferences for comfort and innovation.

Report Content

CHAPTER 1 METHODOLOGY & SCOPE

1.1 Research design
  1.1.1 Research approach
  1.1.2 Data collection methods
1.2 Base estimates and calculations
  1.2.1 Base year calculation
  1.2.2 Key trends for market estimates
1.3 Forecast model
1.4 Primary research & validation
  1.4.1 Primary sources
  1.4.2 Data mining sources
1.5 Market definitions

CHAPTER 2 EXECUTIVE SUMMARY

2.1 Industry 360° synopsis, 2021 - 2034

CHAPTER 3 INDUSTRY INSIGHTS

3.1 Industry ecosystem analysis
3.2 Supplier landscape
  3.2.1 Raw material suppliers
  3.2.2 Component manufacturers
  3.2.3 OEM
  3.2.4 Aftermarket suppliers
  3.2.5 Distributors and retailers
  3.2.6 End user
3.3 Profit margin analysis
3.4 Technology & innovation landscape
3.5 Cost breakdown analysis
3.6 Key news & initiatives
3.7 Regulatory landscape
3.8 Technology differentiators
  3.8.1 Resistive
  3.8.2 Infrared
  3.8.3 Capacitive
3.9 Impact forces
  3.9.1 Growth drivers
    3.9.1.1 Rising demand for in-vehicle comfort features
    3.9.1.2 Increasing adoption of electric and hybrid vehicles
    3.9.1.3 Technological advancements in energy-efficient heating systems
    3.9.1.4 Growing automotive sales in colder climates
  3.9.2 Industry pitfalls & challenges
    3.9.2.1 High implementation and maintenance costs for manufacturers
    3.9.2.2 Potential safety concerns with overheating and malfunctions
3.10 Growth potential analysis
3.11 Porter’s analysis
3.12 PESTEL analysis

CHAPTER 4 COMPETITIVE LANDSCAPE, 2024

4.1 Introduction
4.2 Company market share analysis
4.3 Competitive positioning matrix
4.4 Strategic outlook matrix

CHAPTER 5 MARKET ESTIMATES & FORECAST, BY POWER, 2021 - 2034 ($BN, UNITS)

5.1 Key trends
5.2 Vehicle battery
5.3 Alternator

CHAPTER 6 MARKET ESTIMATES & FORECAST, BY TECHNOLOGY, 2021 - 2034 ($BN, UNITS)

6.1 Key trends
6.2 Capacitive heating
6.3 Resistive heating
6.4 Infrared heating

CHAPTER 7 MARKET ESTIMATES & FORECAST, BY FEATURES, 2021 - 2034 ($BN, UNITS)

7.1 Key trends
7.2 Temperature control
7.3 Built-in sensors
7.4 Ergonomic design
7.5 Safety features

CHAPTER 8 MARKET ESTIMATES & FORECAST, BY SALES CHANNEL, 2021 - 2034 ($BN, UNITS)

8.1 Key trends
8.2 OEM
8.3 Aftermarket

CHAPTER 9 MARKET ESTIMATES & FORECAST, BY VEHICLE, 2021 - 2034 ($BN, UNITS)

9.1 Key trends
9.2 Passenger cars
  9.2.1 Luxury
  9.2.2 Mid-segment
  9.2.3 Economy
9.3 Commercial vehicles
  9.3.1 LCV
  9.3.2 HCV

CHAPTER 10 MARKET ESTIMATES & FORECAST, BY REGION, 2021 - 2034 ($BN, UNITS)

10.1 Key trends
10.2 North America
  10.2.1 U.S.
  10.2.2 Canada
10.3 Europe
  10.3.1 UK
  10.3.2 Germany
  10.3.3 France
  10.3.4 Spain
  10.3.5 Italy
  10.3.6 Russia
  10.3.7 Nordics
10.4 Asia Pacific
  10.4.1 China
  10.4.2 India
  10.4.3 Japan
  10.4.4 South Korea
  10.4.5 ANZ
  10.4.6 Southeast Asia
10.5 Latin America
  10.5.1 Brazil
  10.5.2 Mexico
  10.5.3 Argentina
10.6 MEA
  10.6.1 UAE
  10.6.2 South Africa
  10.6.3 Saudi Arabia

CHAPTER 11 COMPANY PROFILES

11.1 Aptiv
11.2 Autoliv
11.3 Bombardier Recreational Products
11.4 BorgWarner
11.5 DENSO
11.6 Faurecia
11.7 Gentherm
11.8 Hyundai Mobis
11.9 I.G. Bauerhin
11.10 Johnson Controls
11.11 Joyson Safety Systems
11.12 Lear
11.13 Magna International
11.14 Seco Komos
11.15 Symtec
11.16 Tomita Technologies
11.17 TS Tech
11.18 Valeo
11.19 Yazaki
11.20 ZF Friedrichshafen


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