The global train seat market worth is estimated to garner US$ 3,001 Million while exhibiting a 4.5% CAGR 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.
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 demand for railway seats is rising as a result of increased urbanisation and higher investment brought on by developing financial markets like China and India. The market is expanding as a result of the government’s increased investment in railroads. If high-speed trains were operated on lengthy routes with sumptuous interiors and first-rate services, as well as if more government efforts were made to promote tourism, the demand for railway seats would increase.
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Without a doubt, the regional/intercity market will present the worldwide railway seat business with exciting potential. Many emerging nations are making significant technical advancements, opening them exciting business opportunities.
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
“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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The automotive team at Future Market Insights offers expert analysis, time-efficient research, and strategic recommendations with an objective to provide authentic insights and accurate results to help clients worldwide. With a repertoire of over 100+ reports and 1 million+ data points, the team has been analysing the industry lucidly in 50+ countries for over a decade. The team provides a brief analysis of key trends including competitive landscape, profit margin, and research development efforts.
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