Automotive Plastic Steering Wheel Market size was valued at USD 3.2 Billion in 2024 and is forecasted to grow at a CAGR of 6.3% from 2026 to 2033, reaching USD 5.5 Billion by 2033.
The Malaysian automotive industry has seen a notable shift in recent years, especially in the production of components such as plastic steering wheels. The demand for automotive plastic steering wheels is driven by various factors, including the growing need for lightweight materials, advanced designs, and cost-effective manufacturing processes. Automotive Plastic Steering Wheel Market has witnessed a steady rise, with key players continuously innovating to meet the diverse requirements of the automotive industry.
The primary demand for plastic steering wheels in Malaysia comes from both domestic and international automakers. These manufacturers are increasingly seeking plastic materials for steering wheels due to their ability to reduce overall vehicle weight, enhance fuel efficiency, and lower production costs. This trend is particularly evident in the production of electric vehicles (EVs), where reducing the weight of each component plays a significant role in improving the vehicle's performance and energy efficiency.
In terms of market segmentation, the automotive plastic steering wheel market can be categorized based on material type, design, and vehicle type. Key materials used in the manufacturing of plastic steering wheels include thermoplastic elastomers (TPE), polyurethane, and polypropylene. These materials are selected for their durability, flexibility, and ease of molding into various shapes, which is crucial for meeting the unique design specifications required by automakers.
Furthermore, industries are looking for automotive plastic steering wheels that offer better ergonomics, including features like adjustability and enhanced grip. The integration of advanced technologies, such as heating and haptic feedback systems, is also a growing trend. As a result, manufacturers are investing in research and development to create steering wheels that not only meet functional requirements but also provide improved user experiences.
The automotive plastic steering wheel market is also influenced by environmental regulations. In Malaysia, there is increasing pressure on manufacturers to adopt sustainable practices. This includes using recyclable materials and reducing the carbon footprint during production processes. As environmental concerns grow globally, automakers are pushing for innovations that allow them to produce eco-friendly vehicles without compromising on quality and performance.
To meet the evolving requirements of the automotive industry, suppliers in Malaysia are focusing on creating steering wheels that combine functionality, aesthetics, and sustainability. This includes offering lightweight options, customizable designs, and materials that meet international standards for safety and durability. As the demand for plastic steering wheels grows, it is expected that manufacturers will continue to innovate to stay competitive in the ever-changing market landscape.
Get an In-Depth Research Analysis of the Malaysia Automotive Plastic Steering Wheel Market Size And Forecast [2025-2032]
Toyoda Gosei
Autoliv
ZF Friedrichshafen AG
Yanfeng
Joyson Safety Systems
GSK InTek Co.
Ltd.
Tokai Rika
Neaton Auto Products Manufacturing
Inc.
Fang Le
Sparco S.P.A
Shanghai Daimay Automotive Interior Co.
Ltd
Grant Products
By 2030, Malaysia is expected to witness significant momentum in the market research industry, aligning with the global projection of surpassing $120 billion, driven by a compound annual growth rate (CAGR) of over 5.8% from 2023 to 2030. The industry in Malaysia is being reshaped by technological disruptions, particularly through the adoption of machine learning, artificial intelligence, and advanced data analytics. These technologies provide businesses with predictive analysis and real-time consumer insights, enabling smarter and more precise decision-making. As part of the broader Asia-Pacific region, Malaysia is positioned to contribute substantially to the over 35% revenue growth expected from this region. Additionally, the adoption of innovative techniques such as mobile surveys, social listening, and online panels is rapidly gaining ground in Malaysia, emphasizing speed, precision, and customization, and driving a new era of data-driven strategies across industries.
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Growing demand for below applications around the world has had a direct impact on the growth of the Malaysia Automotive Plastic Steering Wheel Market
Polypropylene (PP)
Polyvinyl Chloride (PVC)
Polyurethanes (PU)
Acrylonitrile Butadiene Styrene (ABS)
Others
Passenger Cars
Commercial Vehicles
Two-Wheelers
Electric Vehicles (EVs)
Luxury Vehicles
Injection Molding
Compression Molding
Blow Molding
3D Printing
Thermoforming
OEMs (Original Equipment Manufacturers)
Aftermarket Suppliers
Automotive Assemblers
Car Modification Specialists
Rental & Leasing Services
Standard Steering Wheels
Multi-Functional Steering Wheels
Heated Steering Wheels
Adjustable Steering Wheels
Smart Steering Wheels (with embedded technology)
1. Singapore
Relationship: Strong economic ties; major trading partner.
Highlights: Advanced financial and logistics hub; shares deep cross-border business and travel links with Malaysia.
2. Indonesia
Relationship: Largest ASEAN economy; close cultural and linguistic ties.
Highlights: Major market for Malaysian exports; shared initiatives in palm oil, labor, and regional security.
3. Thailand
Relationship: Land-border neighbor with active cross-border trade.
Highlights: Strong tourism, agricultural, and automotive collaboration.
4. Brunei
Relationship: Close diplomatic and energy-sector ties.
Highlights: Joint ventures in oil & gas; similar Malay cultural heritage.
5. Philippines
Relationship: Regional partner in ASEAN; maritime neighbor.
Highlights: Collaborations in education, labor migration, and disaster relief.
6. Vietnam
Relationship: Growing trade and investment partner.
Highlights: Rising manufacturing hub; strong demand for Malaysian technology and services.
7. Cambodia, Laos, and Myanmar
Relationship: Developing ASEAN members with growing economic ties to Malaysia.
Highlights: Opportunities in construction, retail, and financial services.
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1. Introduction of the Malaysia Automotive Plastic Steering Wheel Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. Malaysia Automotive Plastic Steering Wheel Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. Malaysia Automotive Plastic Steering Wheel Market, By Type
6. Malaysia Automotive Plastic Steering Wheel Market, By Application
7. Malaysia Automotive Plastic Steering Wheel Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia
Vietnam
8. Malaysia Automotive Plastic Steering Wheel Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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