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Train seats are a type of bench that is used for sitting that may be made up with a cushion. These seats provide the occupancy capacity in trains, which also improves convenience throughout the journey and passenger comfort. Increasing urban train infrastructure such as trams and metros with improvement in business productivity in dense and large cities across the globe are expected to boost the market growth. The factors increased adoption of passenger trains are expected to drive the market growth.
The increased demand for new trains and increased investments made by the government in the implementation of high-speed trains are some of the major factors driving the growth of the market. Also, the rise in safety concerns in the high-speed railways is expected to drive market growth. However, the train seat market is directly related to the adoption of new trains, and the introduction of high-speed trains require large capital which is one of the major factors restraining the growth of the market. Also, the lack of proper railway infrastructure is one of the major restraints of the market.
Key Market Driver -
The increased demand of new trains and increased investments made by the government in the implementation of high speed trains are some of the major factors driving the growth of the market.
Key Market Restraint -
the train seat market is directly related to adoption of new trains, and introduction of high speed trains require large capitals which is one of the major factors restraining the growth of the market.
The global train seat market is segmented by train type, by seat type, by railcar type and by geography. Based on train type the market is further sub-segmented into the high-speed train, passenger train, light train, tram and monorail. Among these passenger trains segment is expected to account for the largest market share in 2020 and it is expected to continue its dominance over the forecast period. Factors such as increased population and rise in demand for cost-efficient and fast railways in the developing countries are resulting in a rise in demand for passenger cars production which is expected to drive the market growth.
Based on seat type the market is segmented into a dining seat, regular seat, recliner seat, folding seat, and smart seat. The regular seat segment accounted for the largest market share and it is expected to dominate the market during the forecast period with a steady CAGR. Factors such as the implementation of regular seats in most of the passenger trains and monorails because of the larger seating capacity, increased comfort and cost efficiency are anticipated to drive the market growth.
Based on railcar type the market is segmented into overland, subway, long-distance and others. The overland segment accounted for the largest market share in 2020 and it is expected to dominate the market during the forecast period with a rapid CAGR. Factors such as low operational costs of overland railcars and enhanced safety while travelling at high speed are expected to drive market growth.
Major players operating in the global train seat market include Magna International Inc., Freedman Seating Co. Ltd., Magna International Inc., Saira Seats, Sears Manufacturing Co., Automotive Seating, Harita Seating Systems Ltd., Wise Company Inc., Transcal Ltd., C.E White Co., Fenix Group LLC, Camira Fabrics Ltd. and USSC Group among others.
Geographically, the global train seat market is segmented into North America, Europe, Asia Pacific, and the rest of the world. The Asia Pacific held the largest share of the market in 2020 and it is likely to dominate the market in the coming years with the highest CAGR. Factors such as the increase in the number of passenger trains in the countries such as China and India and increased investments made by several governments to enhance the railway infrastructure in the region are some of the major drivers for the market.
North America is anticipated to grow steadily from 2021 to 2028. The increased adoption of the smart seat with advanced seating technologies such as video and audio ports to increase customer convenience are anticipated to drive the market growth. Europe is expected to grow steadily with considerable market share over the forecast period the factors such as a rise in urban rail transit systems, enhanced railway infrastructure and the presence of major market players in the region are expected to drive the market growth.
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By Train Type
By Seat Type
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