The regular seat segment in the global train seat market is estimated to account for majority revenue share of 44.8% in 2017, as these types of seats require comparatively less space, and more can be installed in each railcar.
The first five-year cumulative revenue (2017–2021) from the regular seat segment in the global train seat market is projected to be US$ 2,803.5 Mn, as compared to a steadily higher cumulative revenue total of US$ 3,049.4 Mn for the latter five years of the forecast period (2022–2026).
With rapid development of the railway sector globally, train seat manufacturers are focusing on developing seats designs and raw materials to provide better comfort for train passengers, as these numbers in countries across the globe, including those who commute on a daily basis as well long journey, has been increasing at a rapid and steady pace.
Initiatives by governments of various countries are focused on improvement and further development of rail infrastructure projects involving significantly high investment, is a key factor driving growth of the global train seat market.
The train seat market in Europe is estimated to account for largest revenue share of 36.5% in 2017, while the market in Asia Pacific is expected to register a CAGR of 2.1% in terms of revenue during the forecast period.
Introduction of high speed trains, better comfort, convenience, and passenger and travel-related schemes and offers are other factors expected to fuel growth of the global train seat market over the forecast period.
However, high cost of railway infrastructure is one among the various key factors expected to restrain growth of the global train seat market over the forecast period.
Companies profiled in the report are Grammer AG, Compin Group SA, Saira Europe S.p.A, Freedman Seating Company, Inc., BORCAD cz. S.r.o, Magna International Inc., Transcal Ltd., Delta Furniture Ltd., USSC Group, Inc., Shanghai tanda Railway Vehicle Seat System Co., Ltd., GINYO Transport Facilities Co., Ltd., KTK Group Co., Ltd., Ultimate Group.