May 31, 2021
According to the recent research report titled ‘Train Seat Market Size, By Train, 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 anticipated to grow substantially over 2021-2027.
Increasing expenditure towards rail infrastructure, surging demand for rapid urban transits, and rising investments in high speed trains are largely fueling global train seat market growth. Further, introduction of new trains and an increased consumer focus on safer transportation following the COVID-19 epidemic are likely to boost the industry's future growth potential.
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As per train type, light segment will experience a considerable growth over the analysis period, owing to mounting product demand in urban areas. Light trains provide passengers with more comfortable journeys and reduced operating costs, and are known to produce less noise pollution than other means of transportation.
With respect to product type, global train seat market value from subway seats segment is predicted to bolster at 5% CAGR over 2021-2027, attributable to increasing metro expansion across dense cities and introduction of premium trains in emerging countries.
Premium train seats, for instance, are becoming increasingly important on luxury trains such as India's Golden Chariot and Maharajas' Express, as well as Keihan Electric Railway Co.'s Keihan 3000-series train, among others.
Geographically, Middle East & Africa holds 5% of global train seat market share and is expected to generate substantial returns over the coming years, owing to growing rail infrastructure and subsequent rise in product sales.
On the other hand, Mexico industry is projected to garner substantial revenue over the study period, creditable to increasing number of luxury trains like the Jose Cuervo Express, along with attractive discounts post the COVID-19 pandemic.
Major contenders impacting global train seat market trends are Compin-Fainsa, Shanghai Tanda Railway Vehicle Seat System Co. Ltd., McConnell Seats, KSU N.A. LLC, Lazzerini Srl, FISA srl, Franz Kiel GmbH & Co. KG, USSC Group, Seats Inc., Ginyo Transport Facilities Co. Ltd., Transcal Ltd., Saira Seats SAS, KTK Group Co. Ltd., Grammer AG, and Freedman Seating Co.