July 27, 2021
According to the research report titled ‘Train Seat Market Size, By Train (Regional/Intercity, High-speed, Metro, Light), By Product (Non-recliner, Luxury/Premium, Recliner, Subway Seats, Sleeper/Couchette), By End-user (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027‘, available with Market Study Report, global train seat market is slated to grow lucratively over 2021-2027.
Surging investment towards the advancement of locomotives and trains, preference for convenient modes of transportation, coupled with focus towards developing smart city infrastructure are catalyzing the growth of worldwide train seat market.
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Moreover, burgeoning research & development activities for comfortable rides, emergence of high-speed rails, and government focus on safer transportation owing to the COVID-19 pandemic are propelling the industry scenario.
On the contrary, fluctuating raw material prices is expected to restrain the growth of the business domain over the projected timeframe.
In terms of train, the market space is bifurcated into high-speed, regional/intercity, light, and metro. The light train segment is slated to grow momentously through 2027, owing to rising deployment in urban areas, and lower operational costs.
Based on product gamut, the industry vertical is classified into recliner, non-recliner, sleeper/couchette. subway seats, and luxury/premium. The subway seats segment is poised to register 5% CAGR through 2027, creditable to increasing premium trains in developing nations as well as insistent metro expansion in tier-1 cities.
Speaking of regional terrain, as per expert verbatim, Middle East & Africa held 5% share in worldwide train seat industry in the recent past and is expected to grow further through 2027, accredited to rising rail infrastructure leading to huge product sales.
On the other hand, APAC market is anticipated to register significant growth through 2027, owing to usage of premium train seats in luxury trains, such as Keihan 3000-series train of Keihan Electric Railway Co. in Japan, and Golden Chariot and Maharajas' Express in India.
Parallelly, Latin America is expected to materialize as lucrative growth avenue over the analysis timeframe, creditable to increasing luxury trains in Mexico due to travel boost.
Leading companies in global train seat market sphere include Grammer AG, Saira Seats SAS, Ginyo Transport Facilities Co. Ltd., USSC Group, F.I.S.A. Fabbrica Italiana Sedili Autoferroviari S.r.l., Freedman Seating Company, Shanghai TanDa Railway Vehicle Seat System Co. Ltd., KSU N.A. LLC., Compin-Fainsa, Lazzerini S.r.l., Seats Inc., Franz Kiel GmbH, KTK Group Co. Ltd, McConnell Seat, and Transcal Ltd. among others.