Global Train Seat Market is set to witness robust growth between 2023 and 2032, primarily owing to the rising demand for rapid urban transit systems. Besides, the growing investments in high-speed trains across the globe will also drive the market demand during the next decade.
In addition, key providers in the train seat market are strengthening their foothold in the industry by expanding their existing portfolios and entering new mergers, joint ventures, and acquisitions. For instance, in January 2020, KIEL Group entered a joint venture with Kustom Seating Unlimited. The partnership will enable KIEL to manufacture, design, and distribute passenger seats to the rail and bus markets in North America.
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Overall, the global train seat market has been segmented in terms of train, product, end-user, and region.
Based on the train, the regional/intercity trains are observing significant growth over the recent years, anticipating a market valuation of more than USD 2.15 billion by 2032. The segmental expansion will be mainly driven by the upgradation of traditional intercity and regional trains.
On the basis of the product, the luxury/premium segment is set to grow significantly through 2023-2032. Luxury or premium seats are not only comfortable and convenient, but they are also among the most common type of train seats being used. Innovations in the space are expected to drive the market segment over the next ten years.
For instance, EMR is working with DGDESIGN, the Derby-based design company, to develop a comfortable seat, that offers more support to the rider. As per reports, this new seat will have increased cushion sizes, armrests, and headrests, will be made from more durable leather and moquette, and used in the Aurora Fleet of the East Midlands Railways, UK.
In the context of end-user, the train seat market is likely to be characterized by the aftermarket segment. The segment growth is expected to be driven by the increasing necessity for repair, maintenance, and refurbishment of conventional trains to ensure safety and a better travel experience for commuters.
In the regional context, in Europe, the train seat market is anticipated to grow at 4.5% CAGR through 2032. The regional market growth can be attributed to the presence of top-class railway infrastructure, rising urban rail transit systems, and the availability of major companies in Europe. According to credible sources, in February 2023, Warsaw, Poland announced its plans of expanding the metro network of three lines. As per reports, 41.5 km will be added under this expansion phase, and the total length of metro lines will reach 113 km by the end of 2050.
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Table of Contents (ToC) of the report:
Chapter 1 Methodology & Scope
1.1 Methodology
1.2 Market definitions
1.3 Market estimation & forecast parameters
1.3.1 Base estimates & working
1.3.1.1 North America
1.3.1.2 Europe
1.3.1.3 Asia Pacific
1.3.1.4 Latin America (LATAM)
1.3.1.5 Middle East, & Africa (MEA)
1.3.2 Forecast calculations
1.3.2.1 COVID-19 impact calculations on industry forecast
1.4 Data sources
1.4.1 Primary
1.4.2 Secondary
1.4.2.1 Paid Sources
1.4.2.2 Public Sources
Chapter 2 Executive Summary
2.1 Train Seat Market industry 3600 synopsis, 2018 – 2032
2.1.1 Business trends
2.1.2 Power trends
2.1.3 Product trends
2.1.4 End-user trends
2.1.5 Regional trends
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COVID-19 Impact Analysis on Train Seat Market report published by Value Market Research provides a detailed market analysis comprising market size, share, value, growth and trends for the period 2020-2027.
Moreover, this market report also covers regional and country markets in detail.The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide.
The major players in the train seat market include Freedman Seating Co., Grammar AG, KTK Group, Saira Seats, Transcal Ltd., GINYO Transport, Seats Incorporated, USSC Group, Franz Kiel GmbH, and FISA Srl.
This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.Get more information on "Global Train Seat Market Research Report" by requesting FREE Sample Copy at https://www.valuemarketresearch.com/contact/train-seat-market/download-sampleMarket DynamicsA major factor driving the train seat market is the rapid population growth throughout the globe and increasing use of train as a means of communication for short and long distance, since it is economical and saves time.
Improvement in train infrastructure, extension of existing railway networks and increasing dependency on trains is expected to fuel the demand for train seats.
Furthermore, significant amount of investment and commencement of new railway projects by the government, launching of new trains and technological advancements like development of multifunctional seats will contribute towards positive train seat market growth.
