According to the research report titled ‘Asia Pacific Train Seat Market Forecast 2027 By Train, By Product, By End-use Sector, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, Asia Pacific train seat market is expected to garner a valuation of USD 776 million over 2021-2027.
 

Asia Pacific train seat market growth is primarily driven by growing inclination of the population towards rail transit.
 

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Notably, trains provide better consumer convenience in terms of comfort and affordability, adding significant value to this transportation sector. The surging demand for new trains can be credited to a strong customer base and robust connection between rural and urban areas.
 

Travel enthusiasts are once again opting for outdoor travel through the railways after overcoming a long lockdown restriction imposed due to COVID-19. Further, government spending on rail network construction projects a positive industry outlook.
 

Based on train, regional/intercity segment accounted for over 65% of Asia Pacific train seat market share in 2020, owing to rising demand for repair, refurbishment, and maintenance activities in various old trains.
 

As per product type, non-recliner segment is expected to reach USD 225 million valuation by 2027, owing to increasing emphasis on commuter seats, especially in light and metro trains. In metropolitan regions, the growing usage of metro and light rail systems will boost demand for these seats.

Moving on to end user scope, OEM segment is expected to amass roughly USD 430 million by the end of the assessment period.
 

With respect to the geographical assessment, economies such as India and China are anticipated to emerge as major revenue contributors to the regional market. China market is predicted to develop at a 5% CAGR through 2028, on account of the remarkable expansion of the country’s high-speed train network.
 

Notably, in November 2020, China's National Development and Reform Committee proposed investing USD 12.6 billion in high-speed rail projects connecting major cities in the country, subsequently adding to train seat industry remuneration. Further, high traffic density in the countries such as India and China are driving investments in railway infrastructure.
 

Coming to competitive terrain, Bride Co Ltd., Shiroki Corporation, Magna International Inc., Toyota Boshoku Corporation, Tan Chong International Ltd. (TCIL), Compin-Fainsa, Shanghai TanDa Railway Vehicle Seat System Co. Ltd. are among the leading organizations profiled in Asia Pacific train seat market report.