Train Seat Market By Type (Regular seat, Recliner seat, Folding seat, Others) By Application (Normal train, High speed trains) and Region - Global Forecast to 2026
4 January 2018
find_in_page Our Research Methodology is based on the following main points:
- Data Collections and Interpretation
- Data Validation
- Final Projections and Conclusion
The global train seat market was valued at approximately US$ 1.2 Bn in 2017 and is expected to register a CAGR of 1.9%. The report offers in-depth insights, revenue details, and other vital information regarding the global train seat market and the various trends, drivers, restraints, opportunities, and threats in the target market till 2026. The report also offers insightful and detailed information regarding the various key players operating in the global Train seat market, and their financials, apart from strategies, acquisitions & mergers, and market footprint. The global train seat market is segmented on the basis of type, application, and region.
Railways are the cheaper and suitable mode of transportation. Railway infrastructure contributes building the economic growth of the country. It is generally considered as largest end use in developed countries as well as rapidly growing end-use in most developing countries. Train seats are usually made with cushion for comfortable seating in trains for long or short journeys. They are available in various types like folding seat, recliner seat, etc. These seats are made available with various features for multifunctional purpose depending on which type of train it is going to be used. train seats are made up of polyurethane foam and Rexene cloth. Rexene material is used in railway seat covers. The Rexene material is constructed from single or multiple poly vinyl film layers with choice of backing cloth. Synthetic cloth like polyester and rayon is used. The Rexene material is fire retardant coated fabric. Depending upon their travel class, the passenger seats feature different seating arrangements or berths subject to availability.
The key factor driving the growth of the global train seat market is rising preference for comfortable and multi-functional seats that provide entertainment systems as part of their overall assembly provide passengers an additional service apart from other intermarries during travel. Also, multifunctional train seats are used in premium trains or in trains where pricing is relatively on the higher side. This is mainly done with an aim to provide additional facilities for passengers such as charging ports, cup holders, and reading lamps.
Report Coverage and Deliverables
In addition, demand from premium and long route luxury trains of multifunctional seats, increase in number of trains and new rail network are other factor expected to drive growth of the global train seat market. Governments in developed economies are involved in development of existing rail networks so as to increase number, and capacity of trains and expand their rail network. Introduction of new trains will increase demand for newer and advanced train seats. Also, increasing investments by governments for development of high speed rails that can support trains travelling in excess of 200 Km/Hr, and in projects such as Monorails is expected to boost demand for specialized train seats.
However, high cost of mutational seats is a major factor restraining growth of the global train seat market. In addition, limited amount spent by government for refurbishment and development of old trains is other factor expected to hamper growth of the global train seat market. In addition, Lack of capital in emerging economies for construction and expansion of existing rail networks, which limits demand for newer trains and in turn for train seats. Also, limited amount of capital spent by governments for refurbishment and development of existing trains in emerging economies is limiting adoption of newer train seats is expected to hamper the growth of the global train seats market.
Also, stringent railway passenger safety regulations imposed by governments in developed economies so as to ensure passenger safety especially from accidental fires, restricts use of foam and fabric materials to a significant extent may hinder the growth of the global train seats market to certain extend over the forecasted period.
Moreover, technological advancement such as development of cost effective and multifunctional seats is expected to create new opportunities for market players operating in the global train seat market over the forecast period.
Major players are focusing on introduction of cost-effective train seats in developing economies which can create high potential revenue opportunities for players in the global train seat market, as well as technologically advanced train seats reduce need for extra services to be offered to passengers which will further increase demand for train seats from private and government rail road transportation systems and create opportunities for existing players in the market. Manufacturers are focusing on providing specialized train seat assemblies for government and private rail road transportation in order to meet various needs during high speed rail transit. However, rising adoption of train seats that can provide passengers with extra features than that of traditional seats such as charging points, safety belts, and cup holders are on the rise in developed economies.
Market Analysis by Type:
On the basis of type, recliner seat segment is expected to witness highest CAGR of over 2%, in terms of revenue over the forecast period, owing to innovative development of chairs allows fully recline facility, styles, flexibility, space saving, comfortable, and convenient type of seats for trains is expected to fuel growth of this segment over the forecast period. In contrast, regular seat is expected to dominate the global train seat market during the forecasted years, due to consumer preference for travel in comfort at reasonable cost.
Market Analysis by Application
Among all the application segments, high speed train are expected to register highest CAGR of over 2%. This is attributed due to technological development such as electronically adjustable seats, and security measures such as spring filling within seat–acts as a shock absorber is expected to drive growth of this segment over the forecast period. Moreover, increasing government initiatives to attract tourists and travelers, and increasing traveler’s preference for high-speed trains for long distances, owing to luxurious seating, sleeper cushion seats, and better services are expected to fuel growth of this segment.
Market Analysis by Region:
Europe market is expected to dominate the global train seat market, and is expected to account for largest market revenue share as compared to that of markets in other regions. Driving factors for growth of this market is the rising demand for high speed trains in Europe, and increasing preference for train seats that provide safety as well as comfort during transit and in instance of crashes is expected to fuel growth of the Europe train seat market. However, Asia Pacific is expected to register highest CAGR of approximately 2% over the forecasted years. This can be attributed to increasing rail infrastructure developments in countries in the region, coupled with rising demand for better seats in trains.
Global train seat market segmentation, by type:
- Regular seat
- Recliner seat
- Folding seat
Global train seat market segmentation, by application:
- Normal train
- High speed trains
Global train seat market segmentation, by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- Grammer AG
- Franz Kiel GmbH
- 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
1.0 Chapter 1
- 1.1 Preface
- 1.2 Assumptions
- 1.3 Abbreviations
- 2.1 Report Description
- 2.1.1 Market Definition and Scope
- 2.2 Executive Summary
- 2.2.1 Market Snapshot, By Type
- 2.2.2 Market Snapshot, By Application
- 2.2.3 Market Snapshot, By Region
Don't just take our word. We are trusted by these great companies!