Train Seat Market Size, Share, Opportunities, And Trends By Seat Type (Regular, Folding, Smart, Dining, Recliner), By Rail Car Type (Long Distance, Subway, Overland), And By Geography - Forecasts From 2023 To 2028
- Published : Feb 2023
- Report Code : KSI061610856
- Pages : 114
The Train Seat market was valued at US$1.699 billion in 2018. The growth may be attributed to the heavy investments by the government in new railway projects.
Trains play a vital role in the transportation system by offering long-term conveyance solutions to commuters along with having a lower impact on the environment as compared to other modes of transport, owing to low energy consumption and reduced gas emissions. To curb road traffic, governments across the world are focusing on increasing train transit. Active participation of the government has helped in developing a faster and more convenient way of transportation across the globe. Moreover, they enhance business productivity by providing a practical alternative to domestic transportation by lowering traffic congestion.
Rail transportation is considered the most efficient mode of transportation and plays an important role in the economic development of various countries across the globe. Passenger comfort is a major factor for product differentiation in the train seat market with a major focus on selecting raw materials to provide a high comfort level to passengers. They provide comfort, efficiency, safety, and eco-sustainability for transportation.
With the increasing demand for trains, the demand for train seats also increases tremendously. Rising investment in the railway industry and a growing preference for eco-friendly modes of transportation have led to the growth of the train seat industry. The major investments by the government with the aim to increase the overall production of rails, improvised seating capacity, and enhanced passenger seating and traveling experience will also have a positive impact on the market. However, high infrastructure and capital investment might hamper the growth of the market during the given forecast period.
By Seat Type
By seat type, the train seat market is segmented as regular, folding, smart, dining, and recliner. The recliner segment is expected to witness modest growth owing to the rising demand for comfort products in long-distance trains coupled with increasing disposable income.
Geographically, the train seat market is segmented into North America, South America, Europe, the Middle East and Africa, and Asia Pacific. Asia Pacific is anticipated to witness remarkable growth owing to the rising population, per capita income, and the number of passengers traveling in the Asia region.
The train seat market has been segmented by seat type, rail car type, and geography.
- By Seat Type
- By Rail Car Type
- Long Distance
- By Geography
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
1.1. Market Definition
1.2. Market Segmentation
2. Research Methodology
2.1. Research Data
3. Executive Summary
3.1. Research Highlights
4. Market Dynamics
4.1. Market Drivers
4.2. Market Restraints
4.3. Porters Five Forces Analysis
4.3.1. Bargaining Power of Suppliers
4.3.2. Bargaining Power of Buyers
4.3.3. Threat of New Entrants
4.3.4. Threat of Substitutes
4.3.5. Competitive Rivalry in the Industry
4.4. Industry Value Chain Analysis
5. Train Seat Market Analysis, by Seat Type
6. Train Seat Market Analysis, by Rail Car Type
6.2. Long Distance
7. Train Seat Market Analysis, by Geography
7.2. North America
7.3. South America
7.4.3. United Kingdom
7.5. Middle East and Africa
7.5.1. Saudi Arabia
7.6. Asia Pacific
7.6.3. South Korea
8. Competitive Environment and Analysis
8.1. Major Players and Strategy Analysis
8.2. Emerging Players and Market Lucrativeness
8.3. Mergers, Acquisitions, Agreements, and Collaborations
8.4. Vendor Competitiveness Matrix
9. Company Profiles
9.1. Franz Kiel GmbH
9.2. Fenix Group LLC
9.3. Freedman Seating Co. Ltd.
9.4. COMPIN FAINSA
9.6. Seats Inc.
9.7. Transcal Ltd
9.8. McConnell Seats
Franz Kiel GmbH
Fenix Group LLC
Freedman Seating Co. Ltd.
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