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 anticipated to be worth USD 776 million by the year 2027.

Growing number of individuals using rail transit on a regular basis as well as high traffic density in nations like India and China are driving investments in railway infrastructure, which is fueling Asia Pacific train seat market growth.

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Furthermore, convenience offered by trains in terms of comfort & affordability as well as rising demand for new trains and related components, a strong customer base, and excellent connection between rural and urban areas are bolstering the industry outlook.

Based on train, the regional/intercity segment held 65% of the market share in 2020, owing to rising need for refurbishment, repair, and maintenance activities in a substantial number of aged trains.

In terms of product terrain, the non-recliner segment is expected to reach USD 225 million by 2027, owing to rising penetration of commuter seats in metro and light rail systems for traversing in metropolitan cities.

On the basis of end-use sector, the OEM segment is predicted to generate USD 430 million by 2027, due to rapid deployment of high-speed trains in numerous regions. Supply partnerships with manufacturers and aftermarket services are further aiding in industry expansion.

Regionally, China market is slated to expand at a CAGR of 5% through 2027, due to the growing network of high-speed train in the nation. In November 2020, China's National Development and Reform Commission had proposed an investment of USD 12.6 billion in high-speed rail projects connecting the country's major cities.

Speaking of the competitive landscape, Shanghai TanDa Railway Vehicle Seat System Co. Ltd., Bride (seats) Co. Ltd., Shiroki Corporation, Magna International Inc., Toyota Boshoku Corporation, Tan Chong International Limited, Compin-Fainsa, McConnell Seats Australia Pty Ltd., Lazzerini Srl, FISA Srl, Franz Kiel GmbH, and Transcal Ltd. are the leading players in Asia Pacific train seat market.