Train Seats Market size is expected to exceed USD 2.5 billion by 2030, according to a new research study published by Global Market Insights Inc.
Increasing investments in high-speed trains, burgeoning demand for rapid urban transits, and rising expenditure on rail infrastructure is likely to propel industry growth. Moving significantly larger population volume across dense and large cities has increased the demand of new trains globally.
Industry participants are striving to develop new seating designs, offering passenger comfort, lower maintenance, and lightweight structures. Shifting preference to incorporate customized seating configurations, which offer direct aisle access, better comfort, and safety will prominently influence the train seats industry demand through 2030 . However, the growing development of cost-effective seating solutions for economy class will substantially spur product penetration.
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Rising expenditure on rail infrastructure
A positive outlook for the spending on railway infrastructure across the world is projected to increase the penetration of train seats. Many countries are planning to invest in high-speed railways owing to the growing need for efficient and cost-effective transportation. The rising population in major countries including China, the U.S., India, Indonesia, etc., is further contributing to the demand for new trains . In response to this, major countries have proposed to increase their expenditures on the railway sector.
Browse key industry insights spread across 250 pages with 336 market data tables & 26 figures & charts from the report, “Train seats 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), COVID-19 Impact Analysis, Regional Outlook, Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022 - 2030”, in detail along with the table of contents:
The light segment will witness a CAGR of over 5% in the train seats market through 2030. Moving tremendous volumes of passengers across large & dense cities have increased the scope of light trains across the world.
Luxury-premium segment is expected to generate around USD 230 million by 2030. Spray guns are useful in painting large areas quickly. Train manufacturers are increasing luxury/premium class seats to enhance their revenue generation. Smart design adoption for optimal utilization of cabin space will support industry expansion. Innovations in seating experience are a few of the sought-after solutions to attract customers and increase profitability.