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.
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 first five-year cumulative revenue (2017–2021) is projected to be US$ 6,293.5 Mn, which is expected to increase rather significantly over the latter part of the five-year forecast period.
Rising preference for comfortable and multi-functional seats in train among general population is a major factor driving growth of the global train seat market. 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.
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.
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.
The global train seat market in segmented on the basis of type, application, region. 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. Among all the application segments, high speed train are expected to register highest CAGR of over 2%.
On the basis of region, the global train seat market is segmented into Europe, North America, Asia Pacific, Latin America, Middle East & Africa.
Europe market accounts for largest market share in terms of revenue as compared to that of markets in other regions. This is attributed to well-developed application segment such as normal trains, high speed trains, etc., presence of leading manufacturers of train seats. North America market accounts for the second largest revenue share contribution to the global train seat market followed by markets in Asia Pacific, Latin America and Middle East & Africa respectively. Asia Pacific is expected to register highest CAGR of approximately 2% over the forecasted years, owing to increase in number of new rail routes and new trains in emerging countries in this region.
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Prominent market players operating in the global train seat market include 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., and Ultimate Group
Table Of Content:
1.0 Chapter 1
- 1.1 Preface
- 1.2 Assumptions
- 1.3 Abbreviations
2.0 Chapter 2
- 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
3.0 Chapter 3
- 3.0.1 Global Train Seat Market Dynamics
- 3.1 Drivers
- 3.2 Restraints
- 3.3 Opportunities
- 3.4 Trends
- 3.5 PEST Analysis
- 3.6 Porter’s Five Forces Analysis
4.0 Chapter 4
- 4.0.1 Global Train Seat Market Segment Analysis, by Type
- 4.0.2 Overview
- 4.0.3 Segment Trends
- 4.0.4 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- 4.1 Regular Seat
- 4.1.1 Overview
- 4.1.2 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- 4.2 Recliner Seat
- 4.2.1 Overview
- 4.2.2 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- 4.3 Folding Seat
- 4.3.1 Overview
- 4.3.2 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
- 4.4 Others
- 4.4.1 Overview
- 4.4.2 Market Share and Forecast, and Y-o-Y Growth, 2016–2026, (US$ Million)
5.0 Chapter 5
- 5.0.1 Global Train Seat Market Segment Analysis, by Application
- 5.0.2 Overview