Train Seat Market Size, By Train (Regional/Intercity, High-speed, Metro, Light), By Product (Non-recliner, Luxury/Premium, Recliner, Subway Seats, Sleeper/Couchette), By End-user (OEM, Aftermarket), Industry Analysis Report, Regional Outlook, Growth Potential, Price Trends, Competitive Market Share & Forecast, 2021 – 2027

Industry Trends

Train Seat Market size was valued at USD 1.73 billion in 2020 and is expected to grow at a CAGR of 4.4% from 2021 to 2027. Rising government investments and initiatives to develop convenient & faster modes of transportation across the globe will drive the market growth.
 

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Train seats are a form of bench used for sitting, which may or may not be with cushion. These seats define occupancies in trains, which thereby improves passenger comfort and convenience during the course of journey. Expanding urban train infrastructure and improving business productivity in large & dense cities across the globe will positively encourage seat demand in the sector. Moving large volumes of passengers across dense cities will not only reduce congestion but also save valuable space and generate broader economic benefits such as agglomeration effects.
 

Substantial investments and active government participation in new railway projects will increase product penetration in the sector. In November 2020, the U.S. High Speed Rail Association (USHSR) released a “5-Point High Speed Rail Plan”, a project list with a major investment and focus on high-speed rail across the region. Furthermore, the introduction of new trains will also surge the industry growth during the forecast timeline.
 

Volatile raw material prices along with high railway infrastructure investments are major challenges for the train seat market expansion over the coming years. Nevertheless, a positive outlook for high-speed trains coupled with a lower impact on the environment compared to other modes of transport owing to reduced gas emissions and low energy consumption will catalyze the market progression in the coming years.
 

Upgrading & refurbishment activities to spur demand in regional/intercity trains

Regional/intercity conventional trains will dominate more than 70% of the market share by 2027 on account of maintenance, repair, and refurbishment activities in aging train fleets coupled with travel demand across the globe will primarily impel the segment growth.
 

The growing importance of product innovation, consumer conveyance, production capabilities, and incorporation of new seating technologies along with the upgrading of the existing conventional rail transport infrastructure will provide potential opportunities for product growth in the segment during the forecast timeframe.
 

Shifting focus toward commuter seating conveyance solutions to surge growth

Non-recliner train seat market will witness around 4% growth rate through 2027 led by the increasing product demand across all types of trains, particularly metro and light trains. Nearly 200 cities across the globe have metro systems with a combined length exceeding 32,000 km and light rail systems add another 21,000 km of track across more than 220 cities. The shifting focus toward commuter seating conveyance solutions will surge product demand in urban transits over the coming years.
 

The growing importance of upgrading existing conventional regional/intercity trains will also provide potential opportunities for the segment expansion. Additionally, rising shipment & logistics services will positively influence the market value from freight trains over the forecast timeframe.
 

Introduction of new trains to escalate revenue generation from OEMs

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Original Equipment Manufacturers (OEMs) are poised to generate over USD 750 million by 2027. The growing demand for high-speed trains across developed and developing economies along with an increasing scope for new trains is a prominent factor fueling seat demand in the sector. Moreover, long-standing relationships with manufacturers coupled with bulk orders, purchase agreements, and after-sales services will further strengthen the segment progression during the forecast timeline.
 

Expanding rapid transit infrastructure to foster growth across APAC region

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Asia Pacific train seat market is predicted to expand at a CAGR of more than 5% through 2027 due to the expanding rapid transit infrastructure across China, India, Japan, and South Korea. An increase in the number of passengers traveling by train owing to its efficient, economic, and environmental benefits in high-traffic corridors will provide an opportunistic line for product demand across various parts of the region. In addition, stringent pollution norms & policies proposed by various countries will positively augment product penetration across the region in the coming years. Government initiatives for the development of enhanced rail projects will further propel the regional growth.
 

Joint ventures, partnerships, and acquisitions to boost competition in the industry

Market players are constantly focusing on joint venture, partnership, merger & acquisition, and geographic expansion strategies to attain a competitive edge in the industry
 

The key participants operating in the market Freedman Seating Co., Grammar AG, KTK Group, Saira Seats, Transcal Ltd., GINYO Transport, Seats Incorporated, USSC Group, Franz Kiel GmbH, and FISA Srl.
 

The train seat market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Thousand Units and revenue in USD Million from 2017 to 2027 for the following segments:

Market, By Train

• Regional/Intercity
• High-speed
• Metro
• Light

Market, By Product

• Non-recliner
• Luxury/Premium
• Recliner
• Subway seats
• Sleeper/Couchette
• Others

Market, By End-user

• OEM
• Aftermarket

The above information is provided on a regional and country basis for the following:

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Spain
  • Italy
  • Russia
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
• Latin America
  • Brazil
  • Mexico
• Middle East & Africa
  • South Africa
  • Iran