Comfortable Journeys: Train Seat Market Projected to Reach US$ 3,001 Million by 2032 with a CAGR of 4.5%

The global train seat market is estimated to garner US$ 3,001 Million while exhibiting a 4.5% CAGR during the forecast period by the year 2032 . The growing support from several governments is likely to fuel the market growth in the coming years. The industry is expected to secure US$ 1,933 Million in 2022.

Increased urbanisation and higher investment brought on by the growth of financial markets like China and India are driving up demand for train seats. The government’s increased investment in railroads is causing the market to grow. The demand for railway seats would rise if high-speed trains were put into operation on long routes with opulent interiors and first-rate services, as well as if more government efforts were made to encourage visitors.

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Without a doubt, the regional/intercity market will offer attractive potential for the global railway seat industry. Significant technological improvements are being made by many developing countries, creating fascinating business potential.

Competitive Landscape

Key players in the global train seats market are Freedman Seating Co., Saira Seats, FISA Srl, Grammar AG, Franz Kiel GmbH, KTK Group, USSC Group, Transcal Ltd., Seats Incorporated, and GINYO Transport, among others

Key Takeaways:

  • The global train seat market is estimated at USD 1850 Millionin 2021
  • By train, the regional/intercity segment is expected to generate demand of over US$ 300.5 Millionin the forecasting period
  • By product, the non-recliner segment accounts for the CAGR of 5%during the forecasting period.
  • Market in the US accounts for 3%CAGR in 2021.
  • Market in the Asia Pacific to procure a market share of 890.5Million during the assessment period.

“The increasing consumer inclination towards safety and security in railway transportation and high investment in train sector development by government authorities are expected to fuel the demand for train seat market over the forecast period”

Recent updates from the industry are:

  • In May 2020 – Freedman SeatingIntroduces Passenger Protective Equipment. These new products help fight the spread of germs on public and commercial transportation. Freedman’s Passenger Protective Equipment includes a Passenger guard, grab rail cover, and Social distance seat belt.
  • Seats Incorporateddesigns, manufactures and markets seating and accessories for operators of vehicles with wheels or tracks. Seats Incorporated is now one of the most diverse seating manufacturers with products that are used in a wide variety of applications including industrial trucks, over-the-highway semi-tractors, off-highway equipment, earth moving equipment, military vehicles, and emergency vehicles.
  • September 2021– Grammer is expanding in the Chinese automotive market. the company opened a new production site in the economic metropolis of Shenyang. The plant manufactures high-quality centre consoles, armrests and other interior components for vehicles from a European premium manufacturer.

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More Valuable Insights

Future Market Insights, in its new offering, presents an unbiased analysis of the global train seat market presenting a historical analysis from 2017 to 2021 and forecast statistics for the period of 2022-2032.

Key Segments Covered In The Train Seat Industry Analysis

Train Seat Market by Train:

  • Regional/Intercity
  • High Speed
  • Metro
  • Light

Train Seats Market by Product:

  • Non-recliner
  • Luxury/Premium
  • Recliner
  • Subway seats
  • Sleeper/Couchette
  • Others

Train Seats Market by Region:

  • North America Train Seat Market
  • Latin America Train Seat Market
  • Europe Train Seat Market
  • Asia Pacific Train Seat Market
  • Middle East and Africa Train Seat Market

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About the Author

Nikhil Kaitwade

Associate Vice President at Future Market Insights, Inc. has over a decade of experience in market research and business consulting. He has successfully delivered 1500+ client assignments, predominantly in Automotive, Chemicals, Industrial Equipment, Oil & Gas, and Service industries.
His core competency circles around developing research methodology, creating a unique analysis framework, statistical data models for pricing analysis, competition mapping, and market feasibility analysis. His expertise also extends wide and beyond analysis, advising clients on identifying growth potential in established and niche market segments, investment/divestment decisions, and market entry decision-making.
Nikhil holds an MBA degree in Marketing and IT and a Graduate in Mechanical Engineering. Nikhil has authored several publications and quoted in journals like EMS Now, EPR Magazine, and EE Times.

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