Gaming Steering Wheels - Global Strategic Business Report

The global market for Gaming Steering Wheels was valued at US$24.8 Billion in 2024 and is projected to reach US$39.3 Billion by 2030, growing at a CAGR of 8.0% from 2024 to 2030. This comprehensive report provides an in-depth analysis of market trends, drivers, and forecasts, helping you make informed business decisions. The report includes the most recent global tariff developments and how they impact the Gaming Steering Wheels market.

Global Gaming Steering Wheels Market - Key Trends & Drivers Summarized

Why Are Gaming Steering Wheels Becoming a Popular Choice Among Simulation Enthusiasts?

Gaming steering wheels are gaining traction among racing game enthusiasts and simulation gamers who seek immersive, realistic driving experiences. Unlike traditional controllers, steering wheels provide tactile feedback, precision handling, and an intuitive interface that mimics real-world driving. Titles such as Gran Turismo, Forza Motorsport, and Assetto Corsa have expanded the sim racing genre, encouraging players to invest in specialized peripherals. Increasing popularity of esports and virtual motorsport events has brought further attention to racing simulation setups, making steering wheels a core accessory for competitive and leisure gamers alike.

As simulation realism improves, casual players are upgrading from basic input devices to more advanced steering systems to match gameplay dynamics. Gamers are increasingly investing in full racing rigs that include pedals, gear shifters, and even racing seats. This shift is fueled by the growing affordability of entry-level models and increasing accessibility of racing simulators across consoles and PC platforms. Gaming influencers, YouTube content creators, and virtual racing leagues also contribute to the growing visibility and desirability of high-end steering wheel systems.

What Design and Technology Trends Are Enhancing User Experience?

Modern gaming steering wheels are designed with features that closely replicate real automotive components. High-torque motors, magnetic paddle shifters, and customizable button layouts are increasingly found in both mid-range and premium models. Force feedback technology-particularly direct-drive systems-delivers realistic resistance and terrain sensation by simulating factors such as tire grip, engine vibration, and road surface variation. This enhances immersion and driving accuracy, especially in competitive settings.

Cross-platform compatibility is a key consideration. Manufacturers are offering steering wheels that support multiple consoles and PC systems, with modular designs that allow users to switch steering rims or upgrade pedal systems. Wireless connectivity, adjustable rotation angles, and software customization tools further improve usability. Additionally, integration with telemetry data and racing apps allows real-time customization of wheel behavior based on game settings, vehicle type, or driver preference.

How Are Sales Channels and End-User Segments Expanding the Market?

The growth of online gaming communities and digital content platforms has helped steer demand toward simulation accessories. E-commerce platforms offer a broad selection of products with detailed reviews and comparison tools, supporting informed purchases. Bundled starter kits are marketed to beginners, while modular upgrade paths and sim rig accessories target experienced users. Physical retail stores and consumer electronics chains contribute to volume sales, especially during console launches or promotional campaigns.

End-user segments range from casual gamers seeking realism in arcade-style racing games to serious sim racers and esports competitors who invest in professional-grade equipment. Educational and training institutions also use simulation setups-including steering wheels-for driving instruction or research. As home entertainment trends evolve, steering wheels are increasingly positioned as premium accessories for enhancing realism in broader gaming ecosystems.

Growth in the Gaming Steering Wheels Market Is Driven by Several Factors…

Growth in the gaming steering wheels market is driven by several factors including rising interest in racing simulations, improved force feedback technology, and expanded accessibility through modular designs. Increasing popularity of racing esports and realistic driving simulators encourages both hobbyists and competitive gamers to adopt steering wheel setups. Advancements in motor responsiveness, ergonomic design, and customization tools enhance gameplay experience. Cross-platform compatibility and integration with racing telemetry increase utility across multiple titles and systems. Growing availability through online retailers, combined with bundled entry-level kits and influencer visibility, supports broader market penetration. As gaming habits shift toward immersive simulation, steering wheels continue to gain relevance as performance-enhancing peripherals.

Scope of the Report

The report analyzes the Gaming Steering Wheels market, presented in terms of market value (USD). The analysis covers the key segments and geographic regions outlined below:

• Segments: Type (Entry-Level Steering Wheels, Advanced Racing Wheels); Distribution Channel (Online Distribution Channel, Offline Distribution Channel).
• Geographic Regions/Countries: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; Spain; Russia; and Rest of Europe); Asia-Pacific (Australia; India; South Korea; and Rest of Asia-Pacific); Latin America (Argentina; Brazil; Mexico; and Rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and Rest of Middle East); and Africa.

Key Insights:

• Market Growth: Understand the significant growth trajectory of the Entry-Level Steering Wheels segment, which is expected to reach US$27.6 Billion by 2030 with a CAGR of a 9.3%. The Advanced Racing Wheels segment is also set to grow at 5.1% CAGR over the analysis period.
• Regional Analysis: Gain insights into the U.S. market, valued at $6.8 Billion in 2024, and China, forecasted to grow at an impressive 12.7% CAGR to reach $8.5 Billion by 2030. Discover growth trends in other key regions, including Japan, Canada, Germany, and the Asia-Pacific.

Why You Should Buy This Report:

• Detailed Market Analysis: Access a thorough analysis of the Global Gaming Steering Wheels Market, covering all major geographic regions and market segments.
• Competitive Insights: Get an overview of the competitive landscape, including the market presence of major players across different geographies.
• Future Trends and Drivers: Understand the key trends and drivers shaping the future of the Global Gaming Steering Wheels Market.
• Actionable Insights: Benefit from actionable insights that can help you identify new revenue opportunities and make strategic business decisions.

Key Questions Answered:

• How is the Global Gaming Steering Wheels Market expected to evolve by 2030?
• What are the main drivers and restraints affecting the market?
• Which market segments will grow the most over the forecast period?
• How will market shares for different regions and segments change by 2030?
• Who are the leading players in the market, and what are their prospects?

Report Features:

• Comprehensive Market Data: Independent analysis of annual sales and market forecasts in US$ Million from 2024 to 2030.
• In-Depth Regional Analysis: Detailed insights into key markets, including the U.S., China, Japan, Canada, Europe, Asia-Pacific, Latin America, Middle East, and Africa.
• Company Profiles: Coverage of players such as Ak Racing, ASUS ROG (Republic of Gamers), BenQ, BoboVR, BRAVEN Racing and more.
• Complimentary Updates: Receive free report updates for one year to keep you informed of the latest market developments.

Some of the 41 companies featured in this Gaming Steering Wheels market report include:

• Ak Racing
• ASUS ROG (Republic of Gamers)
• BenQ
• BoboVR
• BRAVEN Racing
• CH Products
• CSL Elite (Fanatec)
• Fanatec
• Hori
• Logitech G
• Mad Catz
• Momo Design
• PXN
• PXN Racing
• Qanba
• Razer
• Redragon
• SimXperience
• Thrustmaster
• Vortex Racing

This edition integrates the latest global trade and economic shifts into comprehensive market analysis. Key updates include:

• Tariff and Trade Impact: Insights into global tariff negotiations across 180+ countries, with analysis of supply chain turbulence, sourcing disruptions, and geographic realignment. Special focus on 2025 as a pivotal year for trade tensions, including updated perspectives on the Trump-era tariffs.
• Adjusted Forecasts and Analytics: Revised global and regional market forecasts through 2030, incorporating tariff effects, economic uncertainty, and structural changes in globalization. Includes historical analysis from 2015 to 2023.
• Strategic Market Dynamics: Evaluation of revised market prospects, regional outlooks, and key economic indicators such as population and urbanization trends.
• Innovation & Technology Trends: Latest developments in product and process innovation, emerging technologies, and key industry drivers shaping the competitive landscape.
• Competitive Intelligence: Updated global market share estimates for 2025 (E), competitive positioning of major players (Strong/Active/Niche/Trivial), and refined focus on leading global brands and core players.
• Expert Insight & Commentary: Strategic analysis from economists, trade experts, and domain specialists to contextualize market shifts and identify emerging opportunities.