Train Seat Market Analysis

Train Seat Market Analysis

The metro train seat market is anticipated to observer 4.5% growth rate during 2023 to 2032. Rapid urbanization and population growth in metropolitan areas have increased the demand for sustainable infrastructure, including robust transportation networks. According to the World Bank, cities accommodate around 56% of the world's population, and this number is forecast to double by 2050. More metropolises are recognizing the need for metro rail to meet their day-to-day mobility needs, which is likely to raise the demand for metro train seats.
 

The train seat market from the non-recliner product type is predicted to amass USD 1 billion by 2032 attributed to the upgradation of existing conventional trains. Transport operators that are seeking to multiply passenger volumes in countries with no pandemic-related travel restrictions have escalated the demand for a safer, more convenient and comfortable passenger experience, which is set to garner product uptake,
 

The  industry size from the OEM segment is will witness 4.5% growth between 2023 and 2032 due to the advent of new high-speed trains, which has prompted the renovation of the interiors of the train coaches to make railway transportation more appealing. New firms are entering the industry with unique product lines, providing high levels of comfort and safety, which is estimated to stimulate sector progress.
 

The APAC train seat industry is poised to attain 5% gains through 2032 driven by the growing government emphasis on introducing new technologies for the modernization of regional railway transportation facilities. Additionally, prominent efforts by companies to enhance their market presence are foreseen to stimulate regional industry development. In July 2022, leading steel producer Tata Steel's Composites division secured a Rs 145 crore (~USD 1.4 billion) bulk agreement for supplying first-in-India seating with airplane-style passenger facilities for Indian Railways’ Vande Bharat express.