The Global Rail Seats Market Growth, COVID-19 impact and Forecast (2021-2025)
Global rail seats market is segmented based on train type as Passenger Train, High Speed Train, Light Rapid Transit Train and Others;based on seat type as Regular seat, recliner seat, folding seat and others ;based on geography as APAC, Europe, North America, and ROW.
Introduction
Train seats are generally made with cushion for comfortable seating in trains for long or short journeys. Numerous types of seats are available in the market such as smart seats, regular, dining, recliner, and folding seats.
Rail seat manufacturers are focusing on adding design elements such as lights to increase the appeal of seats. The lights in and around the seats could be used in several ways such as reading lights, table lights, seat reservation indication and aisle illumination lights.
High speed railway is the most excellent way to expand the form of transportation. It fuels the country’s economic growth and provides economically viable mode of transportation during long run.
Owing to the increasing population and its growing demand for faster, safe and comfortable transportation, economies across the globe are investing heavily in railway infrastructure development.
Table of Contents
Market Overview
The global rail seats market is expected to grow to $1.49 billion by 2025 at a CAGR of 2.7%
Governments worldwide are actively involved in the development of faster and convenient modes of transportation by investing in rail infrastructure projects.
Train Seat Materials Market Is Expected to exhibit a CAGR of 5.4% During the Forecast period (2019-2027)
Passenger comfort is a major factor for product differentiation in the train seat market. Industry players are focusing on selecting raw materials.
Key Trends
The shift from manual to automatic seat adjustment has led to the development of functions that can be operated electronically.
The integration of adaptive cruise control with electronic fuel injection and ride-by-wire technology has also allowed the adoption of adaptive cruise control in vehicles as a standard fitment
Key Market Players
The global crane market is dominated by global vendors like Grammer, Seats, Saira Seats, Harita Seating System, and Kustom Seating Unlimited
Growth Drivers and Challenges
An increase in government investment, rising concern about safety, and the adoption of rail transport due to cost-efficient and huge capacity are responsible for propelling the growth of the industry.
The major opportunity of train seat market is the introduction of new trains. This is likely to increase the demand of train seat market during the forecast period. With the increasing demand of trains, the demand for train seats also increasing tremendously.
The major restraint of train seat market is greater infrastructure cost. The high speed railways need greater infrastructure which needs greater cost.
Lack of proper infrastructure due to high cost leads to introduction of fewer trains, which is likely to limit the demand of train seat market globally.
Another important restraint of this market is deficiency of capital in some countries like Brazil, Colombia, Argentina and Malaysia. Introduction of high speed train requires huge capital. The train seat market is directly related to the introduction of new trains