Market Insights
Transportation is anticipated to be a major driving force behind a robust global demand for energy over the next few years. It is generally considered the largest end-use of energy in developed countries as well as the fastest-growing end-use in most developing countries. Rising government investment in railway transportation has propelled the demand for train seats all across the globe.
The global train seat market is growing at a significant pace and is anticipated to achieve significant growth over the next seven years until 2023. The train plays a pivotal role in transportation by providing long-distance solutions to passengers. Traveling via train saves time and is cheaper as compared to other modes of long-distance transportation, such as air travel. This is expected to exaggerate the growth of the global train seat market over the forecast period.
At present, North America and Europe captured the maximum share in revenue from the train seat market, which is anticipated to expand at a higher CAGR over the forecast period. Rising population, per capita income, and the number of passengers traveling in the Asia-Pacific region, especially in India and China, are anticipated to expand the growth of the Asia-Pacific train seat market over the forecast period. The train is generally considered the most economical and efficient mode of transportation in the region, which is expected to thrive with the market growth of the Asia-Pacific region in the future.
The global train seat market is mainly concentrated in North America. Major players are adopting different market strategies to enter and enhance their market position and distribution network.
The global train seat market is segmented on the following basis:
By Type of Train
- Passenger Train
- Light Train
- Tram
- High-Speed Train
- Monorail
By Type of Seat
- Folding Seat
- Regular Seat
- Smart Seat
- Recliner Seat
- Dining Seat
By Railcar Type
- Overland
- Long distance
- Subway
By Geography
- North America
- Europe
- Germany
- France
- UK.
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- South-east Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Mexico
- Rest of Latin America
- Middle East & Africa
- GCC Countries
- South Africa
- Rest of Middle East and Africa
Key players identified across the value chain in the train seat market include but are not limited to:
Magna International, Fenix Group LLC, Seats Incorporated, The White Company Inc., Saira Seats, Freedman Seating Co., Sears Manufacturing Company, The C.E. White Company, USSC Group, Grammer AG, and others
This report offers the following:
- An overview of the global train seat market
- Market trends assessment for the period 2016-2023, with historical information for 2013 and 2014 and projections through 2023, with respective CAGRs during 2016-2023 and 2015 as the base year
- Qualitative assessment tools such as market drivers, challenges, and future prospects, and competitive analysis: market positioning of key market players
- Focus on each level of market segmentation based on product approvals, launches, and current and anticipated market dynamics.
- A general overview of the industry structure
- Company profiles, highlighting key information about the major players operating in the global train seat market,
- This report includes an estimation of market sizes for value. Both top-down and bottom-up approaches have been used to estimate and validate the size of the train seat market.
