Overview:

The global train seat market is valued for more than US$ XXX.X Mn in 2019 and expected to reach a value of US$ XXX.X Mn by 2029 with a significant CAGR of around XX.X% over the forecast period of 2019-2029. Seat is a key component of railway and focus on development of high quality and comfortable train seat has grown recently across the globe. This initiative has started to provide better comfort to the passengers and improve overall travelling experience to increase the railway passengers. There are various types of train seat available in the market that includes recliner seat, folding seat, dining seat, and smart seat.

Market Dynamics:

Increasing investment and funding by government authorities to improve the railway infrastructure, network, and railway development is a key factor driving growth of the global train seat market. For instance, in January 2020, the Chilean Government has announced investment of US$ 5 Bn in railway infrastructure development. This will help to improve passenger service throughout the country and increase the number of passengers by 150 million passenger each year.

In addition, growing urbanization and smart city development projects in many countries are major factors fueling growth of the global market. For instance, on-going metro rail project in various states of India. Also, rising preference for more comfort and growing level of affordability are among the other factors supporting target market growth.

However, high cost associated with installation of advanced train seat is key factor may hamper growth of the global train seat market to a certain extent. Also, growing raw material cost and technological advancements such as smart seats may result in high product cost.

Key Trends:

Rising number of strategic alliances among various key players in the market to serve the rising demand is a key trend witnessed in the global train seat market. For example, in January 2020, The KIEL Group and Kustom Seating Unlimited, Inc. has announced formation of alliance viz. KSU N.A., LLC. The companies are going to manufacture and distribute passenger seats for rail and bus in the North America region through this alliance.

Regional Analysis:

For detailed understanding of market dynamics, the global train seat market is analyzed across key regions viz. North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. In the year 2019, the global market is dominated by Asia Pacific region with highest revenue share. In addition, the Asia Pacific region is expected to witness highest growth over the forecast period. This is attributed to rising government investment in railway infrastructure development and long-distance rail launches in countries such as India and China. Additionally, rising passenger volume is another major factor expected to fuel growth of the target market in the region.

However, the target market in the North America and Europe is expected to register significant growth during the forecast period.

Scope of the Report:

Detailed Segmentation:

Global Train Seat Market, By Train Type:

• High-speed Train
• Passenger Train
• Light Train
• Tram
• Monorail

Global Train Seat Market, By Seat Type:

• Regular Seat
• Recliner Seat
• Folding Seat
• Dining Seat
• Smart Seat

Global Train Seat Market, By Comfort:

• Light Comfort
• High Comfort

Key Players Covered:

Key players operating in the global train seat market includes Grammer AG, Kiel Group LLC, Seats Incorporated, Sears Manufacturing Company, Harita Seating System Limited, Freedman Seating Co., Magna International Inc., Fenix Group LLC, SAIRA Seats, and Camira Fabrics Ltd.

Key Features of the Study:

Foresight Market Research provides detailed analysis on global market in our report- Global Train Seat Market by train type, seat type, comfort, and region. The report provides market size (US$ Mn) and compounded annual growth rate (%) for the forecast period: 2019 – 2029, considering 2019 as the actual year. The report also contains in-depth analysis about market drivers, restraints, opportunities, new product launches, product approval, ongoing trends, and regional outlook. The report delivers competitive analysis about leading players in the global train seat market based on various parameters such as company overview, product portfolio, regional presence, financial performance, distribution strategies, key developments, marketing strategies, and future plans. The analysis from the report would acquaint the marketers and management authorities of companies to make the appropriate decision with respect to their future product launch, market expansion, and marketing tactics used overall the globe.