
Train Seats Market
Train Seats Market Global Industry Assessment & Forecast
Segments Covered
By Train Regional/Intercity, High-speed, Metro, Light
By Product Non-recliner, Luxury/Premium, Recliner, Subway Seats, Sleeper/Couchette
Snapshot
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2021 - 2028 |
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2016 - 2020 |
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1.65 Billion |
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4.69 Billion |
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4.3 |
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Asia Pacific |
Customization Offered
Cross-segment Market Size and Analysis for Mentioned Segments
Additional Company Profiles (Upto 5 With No Cost)
Additional Countries (Apart From Mentioned Countries)
Country/Region-specific Report
Go To Market Strategy
Region Specific Market Dynamics
Region Level Market Share
Import Export Analysis
Production Analysis
Others Request Customization Speak To Analyst
Key Insights
The global Train Seats market was valued at USD
1.65 Billion in 2020 and is projected to reach USD 4.69 Billion by
2028, growing at a CAGR of 4.3% from 2021 to 2028.

Years | Parameters |
---|---|
Historical Data (Actual Data) | 2016-2020 |
Base Year Data | 2020 |
Current Year Date | 2021 |
Projected year data | 2021-2026 |
Annual Market Size (2028) | 4.69 Billion |
Annual Market Size (2021) | |
CAGR (2021 - 2028) | 4.3% |
Definition And Overview
Trains used to be comprised of coaches where seats were made of iron rods that were moulded to form bench where people could sit. But with advancements in technology, features, services people started taking care of these details while travelling. The
global Train Seats market was valued at USD 1.65 Billion in 2020 and is
projected to reach USD 4.69 Billion by 2028, growing at a CAGR of 4.3%
from 2021 to 2028.
The
global Train Seats market is segmented into product, application, regions, and
countries. The regional segmentation covers current and forecasts demand on the
basis of North America, Europe, Asia Pacific, Latin America, and Middle East
& Africa. All the segments are analyzed on the basis of current and future
trends. The report covers a complete evaluation of the market based on competition,
drivers, restraints, opportunities, trends, and industry-authenticated data. The
market is estimated from 2016 to 2020 and forecast from 2021 to 2028.
COVID-19 Impact Analysis
Outbreak
of COVID-19 led various countries impose strict lockdown measures during the initial
stages of the pandemic. Numerous companies from different verticals faced
challenges due to remote work environments. As a result, companies from various
sectors switched to online/virtual platforms to maintain a steady flow in their
daily business activities. Impact of COVID-19 on the market demand is
considered while estimating the current and forecast market size and growth
trends for all the regions and countries. The
report provides a completely separate chapter for COVID-19 Impact Analysis.
This chapter includes: o Impact Assessment of COVID-19
Pandemic o Pre & Post COVID-19
Market Size o Qualitative analysis on the
short term & long term impact of COVID-19 on the market
o
The
analysis provides foremost strategies adopted by competitors to minimize the
impact of the pandemic on their business activities and scope for future
developments.
Market Insights
Train seat market is mainly driven by the rising investment by government. With the rising investment, they are conveniently and swiftly nurturing transportation modes globally. Another determinant driver fueling the market for train seat is the rising safety features in high speed trains among passengers. While travelling in high speed train, passengers opt for safety. Hence, rising safety is expected to fuel the train seats market growth globally.
Higher flexibility offered by advancements in seats may drive the market growth.
Huge infrastructure cost is the key restraint in train seats market. High speed railways require better infrastructure which requires huge cost. Shortage of proper infrastructure owing to huge cost leads to inauguration of fewer trains, expected to restrain the demand of market globally.
Global Train Seats Market Report Scope
Parameter | Details |
---|---|
Market Size Provided for Years | 2016-2028 |
Base Year | 2020 |
Historic Years | 2016-2020 |
Forecast Years | 2021-2028 |
Market Size Provided In Terms Of | Revenue & Volume |
Segments Covered | Train, Product |
Regions Covered | North America, Europe, Asia Pacific, Latin America, and Middle East & Africa |
Countries Covered | The U.S., Canada, Mexico, U.K., Germany, France, Italy, Spain, China, India, Japan, South Korea, South East Asia, Brazil, Argentina, GCC Countries, and South Africa, among others |
Companies Covered | Magna International, Transcal, KTK Group, Ultimate, USSC Group, Compin-Fainsa, Jia Yi Seating, Saira Seats, Delta Furniture, BORCAD, GINYO Transport, Grammer, Shanghai Tanda, Kiel Group, Freedman Seating. |
Report Coverage | Market growth drivers, restraints, opportunities, Porter’s five forces analysis, PEST analysis, value chain analysis, regulatory landscape, technology landscape, patent analysis, market attractiveness analysis by segments and Asia Pacific, company market share analysis, and COVID-19 impact analysis |
Market Segmentation
Train Analysis: Preview On the basis of Train,
the market is segmented into Regional/Intercity, High-speed, Metro, Light. Regional/Intercity held the
highest share in 2020 and is expected to grow at a significant rate over the
forecast period. This is attributed to the rising demand for the Regional/Intercity
in developing countries such as China and India. Digitalization in Asia Pacific
region has led to a surge in the usage of technology in various business
processes over the past few years. Rising adoption of online platforms across
various sectors along with analytical solutions, IoT, AI, and Blockchain
technology to gain a competitive advantage is also paving the way for the Train Seats
market growth. Product
Analysis: Preview
Based on Product,
the market is segmented into Non-recliner, Luxury/Premium, Recliner, Subway Seats, Sleeper/Couchette. Non-recliner held the
largest share and is projected to grow at a notable CAGR over the coming years.
Rising demand for Train Seats in various countries
such as the U.S., Germany, China, India, and Japan, among others is likely to
support the growth of the market. Numerous companies are focusing on investing
heavily in this application to cater the end user requirements effectively.
Global Train Seats Market: Train Segment Analysis
-
- Regional/Intercity
- High-speed
- Metro
- Light
Global Train Seats Market: Product Segment Analysis
-
- Non-recliner
- Luxury/Premium
- Recliner
- Subway Seats
- Sleeper/Couchette
Regional Analysis Preview
On the basis of region, the global Train Seats market is divided into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific region held a leading share of the global Train Seats market in 2020. Some of the major countries contributing to the market growth are the U.S., U.K., Germany, France, China, India, Japan, and South Korea. China is considered as the most lucrative country for market players. This is attributed to the presence of major companies operating in the region.
Market Size, 2021 (USD Billion)
Global Train Seats Market: Regional Analysis
- North America
- U.S.
- Canada
- Mexico
- Europe
- UK
- France
- Germany
- Italy
- Spain
- Rest of Europe
- Asia Pacific
- China
- Japan
- India
- South Korea
- Southeast Asia
- Rest of Asia Pacific
- Latin America
- Brazil
- Rest of Latin America
- Middle East and Africa
- GCC Countries
- South Africa
- Rest of MEA
Competitive Landscape
The market comprises of numerous small, medium, and large sized players spread across various geographies. Some of the main competitors in the global Train Seats market are Magna International, Transcal, KTK Group, Ultimate, USSC Group, Compin-Fainsa, Jia Yi Seating, Saira Seats, Delta Furniture, BORCAD, GINYO Transport, Grammer, Shanghai Tanda, Kiel Group, Freedman Seating.. The report covers company market share analysis which gives a comprehensive overview of the main competitors in the market. In addition, the report also covers major strategies adopted by market players such as new product launch, acquisitions & mergers, partnerships, collaborations & joint ventures, research & development, and regional expansion. The study also covers the product portfolio of major companies operating in the market.
Key Highlights – Global Train Seats Market
FAQ
Frequently Asked Question
What is the global demand for Train Seats in terms of revenue?
-
The global Train Seats valued at 1.65 Billion in 2020 and is expected to reach 4.69 Billion in 2028 growing at a CAGR of 4.3%.
Which are the prominent players in the market?
-
The prominent players in the market are Magna International, Transcal, KTK Group, Ultimate, USSC Group, Compin-Fainsa, Jia Yi Seating, Saira Seats, Delta Furniture, BORCAD, GINYO Transport, Grammer, Shanghai Tanda, Kiel Group, Freedman Seating..
At what CAGR is the market projected to grow within the forecast period?
-
The market is project to grow at a CAGR of 4.3% between 2021 and 2028.
What are the driving factors fueling the growth of the market?
-
The driving factors of the Train Seats include
- Train seat market is mainly driven by the rising investment by government. With the rising investment, they are conveniently and swiftly nurturing transportation modes globally. Another determinant driver fueling the market for train seat is the rising safety features in high speed trains among passengers. While travelling in high speed train, passengers opt for safety. Hence, rising safety is expected to fuel the train seats market growth globally.
- Higher flexibility offered by advancements in seats may drive the market growth.
Which region accounted for the largest share in the market?
-
Asia Pacific was the leading regional segment of the Train Seats in 2020.