Train seats are ideally made with cushion to ensure comfortable seating and posture for passengers on trains for long or short journeys. These are available in various types such as folding seats, recliner seats, etc., and come with various features for multifunctional purposes depending on which type of train it is going to be used in.
Increasing adoption of multifunctional seats in long route premium and luxury trains is a major factor driving growth of the global train seat market. In addition, increasing number of trains and new rail routes and rising demand for more comfortable seats with additional functionalities such as inbuilt device charger, hot-spot, in train entertainment system, etc., is another factor expected to support growth of the global train seat market.
However, high cost of multi-functional seats is a major factor restraining growth of the global train seat market. In addition, lack of capital in emerging economies for construction and expansion of existing rail network is expected to hamper growth of the global train seat market.
Technological advancements such as development of cost-effective and multifunctional seats is expected to create new and lucrative opportunities for players operating in the global train seat market over the forecast period.
The global train seat market in segmented on the basis of type, application, and region. On the basis of region, the global train seat market is segmented into Europe, North America, Asia Pacific, Latin America, Middle East & Africa.
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Europe market accounts for largest market share in terms of revenue as compared to that of markets in other regions. This is attributed to well-developed application segment such as normal trains, high speed trains, etc., and presence of leading manufacturers of train seats. North America market accounts for second highest revenue share contribution to the global train seat market, followed by markets in Asia Pacific, Latin America, and Middle East & Africa respectively. The market in Asia Pacific is projected to register fastest growth in terms of CAGR, owing to increase in number of new rail routes and new trains in emerging countries in this region.
Prominent market players operating in the global train seat market include Grammer AG, Compin Group SA, Saira Europe S.p.A, Freedman Seating Company, Inc., BORCAD cz. S.r.o, Magna International Inc., Transcal Ltd., Delta Furniture Ltd., USSC Group, Inc., Shanghai tanda Railway Vehicle Seat System Co., Ltd., GINYO Transport Facilities Co., Ltd., KTK Group Co., Ltd., and Ultimate Group.