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Train Seats Market

Train Seats Market

Train Seats Market Global Industry Assessment & Forecast

# Pages:

180

Base Year:

2021

Nov - 2021

Format:

Report Code:

VMR-2021-0245

Segments Covered
  • By Train Regional/Intercity, High-speed, Metro, Light
  • By Product Non-recliner, Luxury/Premium, Recliner, Subway Seats, Sleeper/Couchette
Snapshot
Forecast YearsForecast Years: 2022 - 2028
Historical YearsHistorical Years: 2016 - 2021
Revenue 2021Revenue 2021: 1.65 Billion
Revenue 2028Revenue 2028: 4.69 Billion
Revenue CAGRRevenue CAGR (2022 - 2028): 4.3
Fastest Growing Region Fastest Growing Region (2022 - 2028) 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. 

Yearly Infographics 1.65 Billion 4.69 Billion

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)
North America
Europe
Asia Pacific
South America
Middle East Africa

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

  • Global Train Seats Market is projected to reach USD 4.69 Billion by 2028
  • Asia Pacific held the highest share of the Train Seats market
  • Regional/Intercity held the largest share of the product segment in the Train Seats market
  • Non-recliner held the major share of the application segment in the Train Seats market

FAQ
Frequently Asked Question
  • 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%.

  • 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..

  • The market is project to grow at a CAGR of 4.3% between 2021 and 2028.

  • 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.

  • Asia Pacific was the leading regional segment of the Train Seats in 2020.