Global Train Seat Market, By Train Type (High Speed, Passenger, Light, Tram, Monorail), Seat Type (Regular, Recliner, Folding, Dining, Smart), Rail Car Type (Overland, Subway, Long Distance, Others), End-user (OEM, Aftermarket) – Industry Trends and Forecast to 2029
Market Analysis and Size
The train seats market is anticipated to generate significant amounts of revenue over the forecast period due to the growing expansion of the train industry. In India, there are now 716 km of active metro lines and another 620 km that are being built. There are future plans for 600 kilometers further of track. Between Mumbai and Ahmedabad, the Indian government is also considering building a bullet train (Mumbai Ahmedabad High Speed Rail Corridor). Consequently, the growth of the trains and railways further requires the train seats, which boosts the overall market’s growth over the forecast period.
Global train seat market was valued at USD 1874.90 million in 2021 and is expected to reach USD 2666.30 million by 2029, registering a CAGR of 4.50% during the forecast period of 2022-2029. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.
Report Scope and Market Segmentation
2022 to 2029
2020 (Customizable to 2014 - 2019)
Revenue in USD Million, Volumes in Units, Pricing in USD
Train Type (High Speed, Passenger, Light, Tram, Monorail), Seat Type (Regular, Recliner, Folding, Dining, Smart), Rail Car Type (Overland, Subway, Long Distance, Others), End-user (OEM, Aftermarket)
U.S., Canada, Mexico, Brazil, Argentina, Rest of South America, Germany, France, Italy, U.K., Belgium, Spain, Russia, Turkey, Netherlands, Switzerland, Rest of Europe, Japan, China, India, South Korea, Australia, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific, U.A.E, Saudi Arabia, Egypt, South Africa, Israel, Rest of Middle East and Africa
Market Players Covered
Faurecia (France), The Fenix Group, LLC (Russia), Freedman Seating Company (U.S.), Grammar AG (Germany), Minda Industries Ltd. (India), KIEL SITZE (Germany), Compin-Fainsa (Poland), Magna International Inc. (Canada), Saira (France), Sears Seating (U.S.), Transcal Company (U.K.), Camira (U.S.), Seats Incorporated (U.S.), TKO MILLER (U.S.), Rescroft (U.K.) and United Safety & Survivability Corp (U.S.)
The train seats are made up of numerous materials including wool, leather, vinyl, fabric and others. Padding or cushioning could be used in the seat construction. Silicone, polyurethane, polyester, or other foams like latex are frequently used as the seat cushioning material in trains.
Train Seat Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
- Burgeoning Demand for High-Speed Trains
The high-speed trains are projected to experience exponential expansion due to their ability to travel substantially longer distances in a short amount of time. Over the course of the forecast period, this rise is anticipated to increase demand for foam materials as businesses look to provide their clients greater comfort and luxury. Additionally, as per the estimates, it is anticipated that in the near future, the number of high-speed in the nations where they are now operated will double. As a result, these elements are anticipated to promote market expansion.
- High Competition Among Manufacturers To Offer Luxurious Seats
The goal of train operator businesses is to increase comfort and luxury on board in order to draw more customers. As a result, makers of train seats are making their seats more comfortable by employing premium materials and adding extra padding. Additionally, prominent train seat manufacturers are under competition from airline seat producers, who have just entered the market. In order to produce railway seating for high-speed railways, Perrone Aerospace, a significant manufacturer for the aircraft industry, recently founded a new business. The increase in comfort of the train seats will further boost the overall market’s growth.
Furthermore, the factors such as the growing urbanization and energy shortages will accelerate the overall market expansion during the forecast period. Additionally, the key players are largely shifting towards leather materials from conventional train seat fabric as they are more ergonomic, hygienic and aesthetically appealing which is anticipated to drive the growth rate of the train seat market. The increasing disposable income coupled with the growth in number of railway projects further positively impact the market's growth rate during the forecast period.
- High Preference for Passenger’s Safety
The growing preference for safety among passengers is estimated to generate lucrative opportunities for the market, which will further expand the train seat market's growth rate as it would fuel the production of rolling stock and consequently increase demand for train seat materials. The need for cutting-edge seats with plenty of safety precautions has surged due to growing passenger safety concerns while riding high-speed trains. Players in the market can introduce new seat materials that combine comfort, luxury and safety to get an advantage in the global marketplace.
- Surging Introduction of New Trains
Additionally, the surging product launches and other innovations by market players further offer numerous growth opportunities within the market. Governments in various nations are concentrating on introducing new trains, high-speed trains and others to enable passengers to move quickly. Market participants can take advantage of this by giving new trains durable, pleasant seats and expanding their global market presence. For instance, Tejas Express, the nation of India's first semi-high speed, fully air-conditioned train, was introduced in May 2017 by Indian Railways.
- High Cost and Investments
The high capital investment is vital to develop sustainable infrastructure train seats are very expensive which further derail the overall market’s growth. Rail services, rolling stock, infrastructure, and rail control are the major expenses in the sector. The railway industry's expansion is constrained by such high capital expenditures in low-population-density nations like Argentina, Canada, and Brazil. Thus, it is anticipated that the worldwide train seat materials market would experience slow growth in the near future due to such large capital expenditure and the limited development of the railway industry in emerging economies.
- Stringent Regulatory Policies
Regulatory policies regarding train seat materials will further slow the market growth rate. The dearth of technical expertise is therefore estimated to be significant challenge for the train seat market over the forecast period. Operators in the rail transportation industry are obliged to provide passengers with comfort, luxury, and safety. Thus, to guarantee fire safety in passenger rail transportation, train seat materials must adhere to specific fire safety standards before installation. For instance, the regulations like BS6853 and EN45545-2 in Europe limit the use of polyester in train seats. Therefore, during the course of the projected period, strict regulatory regulations will challenge the overall market’s growth.
This train seat market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the train seat market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
COVID-19 Impact on Train Seat Market
The train seat market was immensely impacted by the outbreak of COVID-19. The demand for train seats has decreased as a result of the worldwide travel and transportation bans. It is currently impossible to estimate the challenge's true size and scope. The worldwide shutdown has created a stop in travels through train as well as the suspension of various manufacturing operations, which has largely hampered the market’s growth. This is projected to have a negative impact on the market and result in financial setback.
Global Train Seat Market Scope
The train seat market is segmented on the basis of train type, seat type, railcar type and end-user. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
- High Speed
Rail Car Type
- Long Distance
Train Seat Market Regional Analysis/Insights
The train seat market is analyzed and market size insights and trends are provided by country, train type, seat type, railcar type and end-user as referenced above.
The countries covered in the train seat market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Europe dominates the train seat market because of the increasing preference for train seats that provide safety and relaxation during transit within the region over the forecast period of 2022 to 2029. Moreover, the effective after-sale services offered by manufacturers within the economies is further estimated to accelerate the expansion over the forecast period.
Asia-Pacific is expected to witness significant growth during the forecast period of 2022 to 2029 due to the increasing demand for better seats in trains within the region. Moreover, the growth in urbanization is yet another significant contributor to the expansion of the regional market.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
Competitive Landscape and Train Seat Market Share Analysis
The train seat market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to train seat market.
Some of the major players operating in the train seat market are
- Faurecia (France)
- The Fenix Group, LLC (Russia)
- Freedman Seating Company (U.S.)
- Grammar AG (Germany)
- Minda Industries Ltd. (India)
- KIEL SITZE (Germany)
- Compin-Fainsa (Poland)
- Magna International Inc. (Canada)
- Saira (France)
- Sears Seating (U.S.)
- Transcal Company (U.K.)
- Camira (U.S.)
- Seats Incorporated (U.S.)
- TKO MILLER (U.S.)
- Rescroft (U.K.)
- United Safety & Survivability Corp (U.S.)