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 account for USD 776 million by the year 2027.
 

Increasing popularity of railways coupled with high comfort and affordability afford by railway transport are some of the major factors driving the growth of Asia-Pacific train seat market. Trains have always been known to connect rural areas to urban regions, further resulting in a sustained demand for new trains consistently.

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Rising demand for repair & maintenance activities of aging as well as intercity and regional trains are also stimulating the overall industry outlook. Surging government expenditure to improve railway infrastructure and recovering travel demand following the COVID-19 pandemic are facilitating the business scenario in Asia-Pacific.

Based on product landscape, the report cites that non-recliner segment is likely to generate USD 225 million for the market participants in the ensuing years. Growing focus towards integrating commuter seats in metro trains and widespread adoption of light rail transportation in urban areas are fueling the segmental share.

Moving on to the end-user analysis, the OEM segment is expected to account for USD 430 million by 2027. Mounting deployment of high-speed trains and rising number of supply agreements with manufacturers as well as aftermarket services are complementing the regional business dynamics.

Geographically, train seat market share in China is reckoned to witness a y-o-y growth of 5% through 2027. This can be attributed to surging government investments and rapid expansion of high-speed rail infrastructure in the country.

In November 2020 for instance, the National Development and Reform Committee in China planned to invest around USD 12.6 billion in November 2020 in high-speed rail projects.

The major companies in Asia-Pacific train seat market are Magna International Inc., BRIDE Co. Ltd., Tan Chong International Limited, Shiroki Corporation, Shanghai TanDa Railway Vehicle Seat System Co. Ltd., Toyota Boshoku Corporation, Compin-Fainsa, McConnell Seat Australia Pty Ltd., Lazzerini S.r.l., FISA S.r.l., Franz Kiel GmbH, and Transcal.