Train Seat Market: Industry Potential, Trends and forecast to 2032

As per a recent research report, Train Seat Market to surpass USD 2 bn by 2032.

Global Train Seat Market is set to witness robust growth between 2023 and 2032, primarily owing to the rising demand for rapid urban transit systems. Besides, the growing investments in high-speed trains across the globe will also drive the market demand during the next decade.

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In addition, key providers in the train seat market are strengthening their foothold in the industry by expanding their existing portfolios and entering new mergers, joint ventures, and acquisitions. For instance, in January 2020, KIEL Group entered a joint venture with Kustom Seating Unlimited. The partnership will enable KIEL to manufacture, design, and distribute passenger seats to the rail and bus markets in North America.

Overall, the global train seat market has been segmented in terms of train, product, end-user, and region.

Based on the train, the regional/intercity trains are observing significant growth over the recent years, anticipating a market valuation of more than USD 2.15 billion by 2032. The segmental expansion will be mainly driven by the upgradation of traditional intercity and regional trains.

On the basis of the product, the luxury/premium segment is set to grow significantly through 2023-2032. Luxury or premium seats are not only comfortable and convenient, but they are also among the most common type of train seats being used. Innovations in the space are expected to drive the market segment over the next ten years.

For instance, EMR is working with DGDESIGN, the Derby-based design company, to develop a comfortable seat, that offers more support to the rider. As per reports, this new seat will have increased cushion sizes, armrests, and headrests, will be made from more durable leather and moquette, and used in the Aurora Fleet of the East Midlands Railways, UK.

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In the context of end-user, the train seat market is likely to be characterized by the aftermarket segment. The segment growth is expected to be driven by the increasing necessity for repair, maintenance, and refurbishment of conventional trains to ensure safety and a better travel experience for commuters.

In the regional context, in Europe, the train seat market is anticipated to grow at 4.5% CAGR through 2032. The regional market growth can be attributed to the presence of top-class railway infrastructure, rising urban rail transit systems, and the availability of major companies in Europe. According to credible sources, in February 2023, Warsaw, Poland announced its plans of expanding the metro network of three lines. As per reports, 41.5 km will be added under this expansion phase, and the total length of metro lines will reach 113 km by the end of 2050.

Partial chapters of report table of contents (TOC):

Chapter 2   Executive Summary

2.1    Train Seat Market industry 3600 synopsis, 2018 – 2032

2.1.1    Business trends

2.1.2    Power trends

2.1.3    Product trends

2.1.4    End-user trends

2.1.5    Regional trends

Chapter 3   Train Seat Industry Insights

3.1    Industry segmentation

3.2    Industry size and forecast, 2018 – 2032

3.2.1    COVID-19 impact on industry landscape

3.3    Industry ecosystem analysis

3.3.1    Raw material suppliers

3.3.2    Manufacturers

3.3.3    Distribution chain analysis

3.3.4    Shareholder profit margin analysis

3.3.5    Vendor matrix

3.4    Regulatory landscape

3.5    Technology and innovation landscape

3.6    Patent analysis

3.7    Pricing analysis

3.7.1    Cost structure analysis

3.8    Industry impact forces

3.8.1    Growth drivers

3.8.1.1   Rising investments in high-speed trains

3.8.1.2   Increasing demand for rapid urban transit

3.8.1.3   Rising expenditure on rail infrastructure

3.8.2    Industry pitfalls & challenges

3.8.2.1   Fluctuating raw material prices

3.9    Porter’s analysis

3.10    PESTEL analysis

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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