Global Train Seats Market 2023-2030
Global Train Seats Market Size, Share & Trends Analysis Report by Type (Regular Seat, Recliner Seat, Folding Seat, Business Class Seat, and First-Class Seat), by Application (Normal Train, High-Speed Train, Subway, Tram, and Monorail), and by Distribution Channel (Original Equipment Manufacturer (OEM), and Aftermarket) Forecast Period (2023-2030)
The global train seats market is anticipated to grow at a considerable CAGR of 4.5% during the forecast period. The growth of the market is attributed to factors such as increasing demand for comfortable seating options in trains, advancements in train seat technology, and the expansion of rail networks in various regions. Further, the rising disposable income and changing consumer preferences towards enhanced travel experiences are also expected to fuel the demand for train seats. The arrival of new trains or coaches with luxurious and comfortable seats, which may include rotating seats and improved designs, is expected to greatly boost the demand for train seats. For instance, Vistadome coaches offer scenic travel experience with large windows, glass roofs, and panoramic views on Indian train routes. They feature observation lounges, snack bars, and air conditioning, attracting passengers and generating revenue for Indian railways. They exemplify the transformation of Indian railways to enhance the travel experience. In addition to their scenic features, Vistadome coaches also offer luxurious seats, including rotational seats, which contribute to the growth of the train seats market by providing a premium and comfortable travel experience.
Segmental Outlook
The global train seats market is segmented based on its type, application, and distribution channel. Based on type, the market is sub-segmented into regular seat, recliner seat, folding seat, business class seat, and first-class seat. Based on the application, the market is categorized into normal train, high-speed train, subway, tram, and monorail. Further, based on the distribution channel, the market is bifurcated into OEM and aftermarket. Among the segments, the business class seat segment is anticipated to hold a prominent market share due to the increasing demand for premium and luxurious seating options in trains.
The High-Speed Train Segment is Anticipated to Register Significant Growth During the Forecast Period
Among the application segments, the high-speed train sub-segment is anticipated to register significant growth during the forecast period. The growth of this segment is attributed to the factors including the expansion of high-speed rail networks and the growing preference for faster and efficient transportation. For instance, in November 2022, China's high-speed rail network started operating in 2008 between Beijing and Tianjin and has since grown too nearly 40,000km (25,000 miles), making it the largest for bullet trains that can travel up to 350km/h (220mph). The country further plans to extend the network to 50,000km by 2025 and 200,000km by 2035. Furthermore, in July 2021, China unveiled a maglev train capable of traveling at a top speed of 600km/h. The expansion of China's high-speed rail network and the introduction of advanced technologies like the maglev train are likely to propel the demand for train seats.
Regional Outlook
The global train seats market is further segmented based on geography, including North America (the US and Canada), Europe (Italy, Spain, Germany, France, and others), Asia-Pacific (India, China, Japan, South Korea, and others), and the Rest of the World (the Middle East & Africa and Latin America). Among these, the European market is anticipated to experience prominent growth over the forecast period, driven by factors such as increasing investments in rail infrastructure and the demand for comfortable and luxurious train travel experiences. However, the Asia-Pacific region is projected to witness considerable growth in the train seats market due to the rapid development of rail networks, particularly in countries such as China and India.
Global Train Seats Market Growth by Region 2023-2030
Source: OMR Analysis
North America Region is anticipated to Hold a Significant Share in the Global Train Seats Market
Among all the regions, North America is anticipated to account for a significant share in the train seats market during the forecast period. The regional market growth is primarily driven by factors such as the presence of well-established rail infrastructure, increasing investments in rail transportation, and the rising demand for comfortable and ergonomic seating options in trains. For instance, Amtrak Airo in the US is a new passenger experience that offers spacious seating with enhanced comfort and ergonomics. The seats are designed to provide plenty of legroom, bigger and sturdier tray tables, moveable headrests, and other features that prioritize ergonomics and comfort.
Market Players Outlook
The major companies serving the global train seats market include Stadler Rail AG, Faurecia, Grammar AG, Freedman Seating Co., and Fenix Group International, LLC., among others. These market players are considerably contributing to the market growth by adopting various strategies, including mergers and acquisitions, partnerships, collaborations, funding, and new product launches, to stay competitive in the market. Additionally, they are focusing on developing technologically advanced and innovative train seat solutions to meet the evolving demands of consumers. For instance, in January 2019, Freedman seats have been chosen to provide exceptional comfort and reliability for the seats in the new train project. The Massachusetts Bay Transportation Authority (MBTA) took a significant step towards enhancing passenger comfort and supporting American manufacturing when they introduced the first of 24 new Green Line vehicles into service. These state-of-the-art rail cars are equipped with top-quality Freedman seats, ensuring a comfortable and enjoyable experience for commuters and travelers.
The Report Covers
Market value data analysis of 2022 and forecast to 2030.
Annualized market revenues ($ million) for each market segment.
Country-wise analysis of major geographical regions.
Key companies operating in the global train seats market. Based on the availability of data, information related to new product launches, and relevant news is also available in the report.
Analysis of business strategies by identifying the key market segments positioned for strong growth in the future.
Analysis of market-entry and market expansion strategies.
Competitive strategies by identifying ‘who stands where’ in the market