Press release
Train Seat Market Outlook 2024: Exclusive Report By The Business Research Company
Train Seat
The Business Research Company offers in-depth market insights through Train Seat Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.
Market Size And Growth Forecast:
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 growth in the historic period can be attributed to railway infrastructure development, population growth and urbanization, high-speed rail expansion, government initiatives, focus on 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 growth in the forecast period can be attributed to renewal and replacement programs, eco-friendly and lightweight materials, customization demands, integration of health and safety features, shift to high-speed rail in emerging markets. Major trends in the forecast period include digitalization and smart seating, technological advancements, space-efficient designs, flexible seating arrangements, collaborations for innovation.
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Market Segmentation:
The train seat market covered in this report is segmented -
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
Major Driver - Train Seat Market Surges Amid Growing Investments In Rail Infrastructure
The rising expenditure on rail infrastructure is expected to propel the growth of the train seat market going forward. Rail infrastructure refers to the structural elements and technical systems that support the functioning of railways, including tracks, stations, signals, and other auxiliary facilities. The demand for train seats has increased due to increased spending on rail infrastructure for upgrading and modernizing existing networks prioritizing passenger comfort and amenities, which calls for better and more comfortable seating options. For instance, in 2022, according to USA Facts, a US-based non-profit organization, the federal government of USA spent $37.03 billion directly on the infrastructure of railways in 2022, compared to $32.08 billion in 2021, which is 28% of the entire federal infrastructure and transportation spending in 2022. Therefore, the rising expenditure on rail infrastructure is driving the train seat market.
Competitive Landscape:
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.
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https://www.thebusinessresearchcompany.com/report/train-seat-global-market-report
Top Trend - Cutting-Edge Railway Seating Systems Gain A Traction In The Market
Technological advancements are a key trend gaining popularity in the train seat market. Major companies operating in the massive train seat market are adopting new technologies to sustain their position in the market. For instance, in April 2022, Pinnacle Industries Ltd., an Indian-based producer of automotive interiors, launched advanced Railway Seating Systems. It is uniquely designed to offer safer, more comfortable, and aesthetic seats crafted using advanced materials, technology, and highly functional designs. The technology reduces the risk of multi-iteration design and makes it possible to speed up development timeframes by assisting in modular solutions' technical, commercial, and manufacturing optimization.
The Table Of Content For The Market Report Include:
1. Executive Summary
2. Train Seat Market Characteristics
3. Train Seat Market Trends And Strategies
4. Train Seat Market - Macro Economic Scenario
5. Train Seat Market Size And Growth
…..
27. Train Seat Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix
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About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a market intelligence firm that pioneers in company, market, and consumer research. Located globally, TBRC's consultants specialize in various industries including manufacturing, healthcare, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries.
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