Train Seat Global Market Report 2024

A train seat serves as a comfortable seating option for passengers during their journey, typically featuring a cushioned seat, a backrest, and armrests to provide a secure and pleasant experience.

Train seats are categorized into various types based on the kind of train service they are designed for, including regional or intercity, high-speed, metro, and light rail. Regional or intercity services connect towns and cities through passenger trains. The different product types include non-recliner, luxury or premium, recliner, subway seats, and sleeper or couchette, utilized by both original equipment manufacturers (OEM) and the aftermarket.

The train seat market research report is one of a series of new reports from The Business Research Company that provides train seat market statistics, including train seat industry global market size, regional shares, competitors with a train seat market share, detailed train seat market segments, market trends and opportunities, and any further data you may need to thrive in the train seat industry. This train seat market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The train seat market size has grown strongly in recent years. It will grow from $1.72 billion in 2023 to $1.83 billion in 2024 at a compound annual growth rate (CAGR) of 6.2%. The historical period's growth can be ascribed to the development of railway infrastructure, population growth, urbanization, expansion of high-speed rail, government initiatives, and a focus on enhancing passenger experience.

The train seat market size is expected to see strong growth in the next few years. It will grow to $2.25 billion in 2028 at a compound annual growth rate (CAGR) of 5.3%. The anticipated growth in the forecast period can be linked to programs for renewal and replacement, the use of eco-friendly and lightweight materials, increasing demands for customization, the integration of health and safety features, and the transition to high-speed rail in emerging markets. Noteworthy trends in the forecast period involve digitalization and smart seating, technological advancements, designs emphasizing space efficiency, flexible seating arrangements, and collaborative efforts for innovation.

The anticipated growth in the train seat market is expected to be fueled by the increasing expenditure on rail infrastructure. Rail infrastructure encompasses the structural components and technical systems that facilitate the operation of railways, including tracks, stations, signals, and auxiliary facilities. The demand for train seats has risen in response to augmented spending on rail infrastructure, aimed at upgrading and modernizing existing networks with a focus on enhancing passenger comfort and amenities. This necessitates the availability of improved and more comfortable seating options. For example, in 2022, as reported by USA Facts, a US-based non-profit organization, the federal government of the USA allocated $37.03 billion directly to railway infrastructure, a notable increase from the $32.08 billion spent in 2021. This accounts for 28% of the total federal infrastructure and transportation spending in 2022. Consequently, the escalating expenditure on rail infrastructure is a significant driver for the train seat market.

The growth of the train seat market is expected to be propelled by the increasing trend of urbanization. Urbanization denotes the ongoing process of expanding cities, often accompanied by the migration of populations from rural to urban areas. Train seats play a crucial role in providing efficient and comfortable public transportation solutions, meeting the growing demand for reliable and convenient commuting options in densely populated urban environments. For instance, in April 2022, the World Economic Forum, a Switzerland-based independent international organization, reported that over 4.3 billion people, equivalent to 55% of the world's population, resided in urban settings. This figure is projected to rise to 80% by 2050. Therefore, the upward trajectory of urbanization serves as a driving force for the train seat market.

Technological advancements emerge as a prominent trend gaining traction in the train seat market, with major companies strategically incorporating new technologies to maintain their market positions. For instance, in April 2022, Pinnacle Industries Ltd., an Indian-based producer of automotive interiors, introduced advanced Railway Seating Systems designed to provide safer, more comfortable, and aesthetically pleasing seats. These seats utilize advanced materials, technology, and highly functional designs, reducing the risk of multi-iteration design and accelerating development timeframes through support for modular solutions' technical, commercial, and manufacturing optimization.

Prominent companies in the train seat market are intensifying their efforts to introduce rotating train seats, aiming to secure a competitive edge. Rotating train seats allow passengers to change their seating orientation and face different directions within the train. In July 2022, Tata Steel Limited, an India-based steel manufacturing company, announced plans to introduce the first-ever rotating seating system for Vande Bharat Express trains. These specially designed seats can rotate 180 degrees and come with aircraft-style passenger amenities. Tata Steel's substantial investment of $40.54 billion (Rs 3,000 crore) in research and development by the financial year 2026 supports this initiative. The company's composites division secured a significant order worth Rs 145 crore for manufacturing these seating systems, utilizing fiber-reinforced polymer composites.

In March 2022, Recaro Group, a Germany-based company specializing in aircraft seating, forged a partnership with Growag to facilitate its development in Poland and expand into new foreign markets, particularly the rail seating industry. This collaboration involves Recaro Group investing double-digit millions of euros in Growag, a Poland-based producer of railway passenger seats and shock absorbers, to enhance its product portfolio and overall market presence.

Major companies operating in the train seat market report are Magna International Inc., Freedman Seating Company, Minda Industries Ltd., Seats Incoporated, KTK Group, VIA Rail Canada Inc., Camira Fabrics Ltd., Sears Manufacturing Co. Ltd., United Safety & Survivability Corp., Fenix Group LLC, Faurecia SE, PowerRail, Kustom Seating Unlimited Inc., Perrone Aerospace,Lazzerini Srl, Transcal Ltd., McConnell Seats, Brusa Seating, Knoedler Manufacturers Inc., Technical Metal Specialties Inc., Compin-Fainsa, Franz Kiel GmbH, Rescroft Ltd., F.I.S.A. Fabbrica Italiana Sedili Autoferroviari S.r.l., GRAMMER AG, Rojac Urethane Limited, Quantum Seating Ltd., Baultar Concept Inc., Shanghai Tanda Railway Vehicle Seat System Co Ltd., Hickory Springs Manufacturing.

Europe was the largest region in the train seat market in 2023. The regions covered in the train seat market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The countries covered in the train seat market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The train seat market consists of sales of seat covers, rotatable seat seat and cushions. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Train Seat Global Market Report 2024 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on train seat market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Where is the largest and fastest growing market for train seat ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The train seat market global report from the Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

• The market characteristics section of the report defines and explains the market.
• The market size section gives the market size ($b) covering both the historic growth of the market, and forecasting its development.
• The forecasts are made after considering the major factors currently impacting the market. These include:

The impact of sanctions, supply chain disruptions, and altered demand for goods and services due to the Russian Ukraine war, impacting various macro-economic factors and parameters in the Eastern European region and its subsequent effect on global markets.

The impact of higher inflation in many countries and the resulting spike in interest rates.

The continued but declining impact of covid 19 on supply chains and consumption patterns.

• Market segmentations break down the market into sub markets.
• The regional and country breakdowns section gives an analysis of the market in each geography and the size of the market by geography and compares their historic and forecast growth. It covers the growth trajectory of COVID-19 for all regions, key developed countries and major emerging markets.
• The competitive landscape chapter gives a description of the competitive nature of the market, market shares, and a description of the leading companies. Key financial deals which have shaped the market in recent years are identified.
• The trends and strategies section analyses the shape of the market as it emerges from the crisis and suggests how companies can grow as the market recovers.

Scope

Markets Covered:

• 1) By Train: Regional Or Intercity; High-Speed; Metro; Light
• 2) By Product: Non-Recliner; Luxury Or Premium; Recliner; Subway Seats; Sleeper Or Couchette
• 3) By End-User: Original Equipment Manufacturer (OEM); Aftermarket
• Companies Mentioned: Magna International Inc.; Freedman Seating Company; Minda Industries Ltd.; Seats Incoporated; KTK Group
• Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
• Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
• Time series: Five years historic and ten years forecast.
• Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
• Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
• Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
• Delivery format: PDF, Word and Excel Data Dashboard.