The Business Research Company’s Train Seat Global Market Report 2023 is the most detailed report available on the market, including broad forecast periods and multiple geographies. The report covers the historic period – 2010-2021, and the forecast period – 2023-2032. The Train Seat Global Market Report 2023 evaluates train seat market size, growth rate, drivers, trends, and major companies.
The report provides a global perspective by covering 60 geographies and focusing on major economies in each region – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
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The global train seat market is poised for substantial expansion, forecasted to ascend from $1.62 billion in 2022 to an estimated $1.72 billion in 2023, representing a robust Compound Annual Growth Rate (CAGR) of 6.5%. This anticipated growth, however, must be viewed in the context of the complex geopolitical landscape.
The Russia-Ukraine conflict has cast a long shadow over the global economic landscape, impeding the ongoing recovery from the COVID-19 pandemic. This protracted war has triggered far-reaching economic ramifications, including widespread economic sanctions, soaring commodity prices, and disruptions in the global supply chain. These repercussions have induced inflationary pressures across the spectrum of goods and services, significantly impacting markets worldwide.
Despite these challenges, the train seat market is poised to exhibit resilience. Forecasts project an upward trajectory, with the market’s value reaching an impressive $2.13 billion by 2027, albeit at a slightly reduced CAGR of 5.4%. These figures underscore the adaptability of the train seat industry amidst a rapidly evolving global landscape.
The train seat market is poised for substantial growth, driven by the escalating investment in rail infrastructure. Rail infrastructure encompasses a broad spectrum of structural components and technical systems pivotal to the efficient operation of railways. These encompass the fundamental elements, such as tracks, stations, signals, and an array of auxiliary facilities.
The imperative to enhance passenger comfort and amenities within existing rail networks has galvanized a surge in demand for train seats. This trend is exemplified by the substantial financial outlays allocated to the upgrading and modernization of railway infrastructure, thereby necessitating more advanced and comfortable seating solutions.
For instance, in 2020, a report by USA Facts, a reputable US-based non-profit organization, revealed that the federal government of the United States channeled a staggering $37.03 billion into railway infrastructure in 2022, a notable increase from the $32.08 billion allocated in 2021. Notably, this constitutes a substantial 28% of the total federal investment in infrastructure and transportation in 2022.
This pronounced upswing in rail infrastructure expenditure plays a pivotal role in propelling the train seat market forward. The correlation between these investments and the demand for improved seating solutions underscores the symbiotic relationship between rail infrastructure development and the evolution of train seating, making it a dynamic and vital component of the global transportation landscape.
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The train seat market segments in the report are:
1) By Train: Regional Or Intercity, High-Speed, Metro, Light
2) By Product: Non-Recliner, Luxury Or Premium, Recliner, Subway Seats, Sleeper Or Couchette
3) By End-User: Original Equipment Manufacturer (OEM), Aftermarket
Top Major Players
Magna International Inc.
Freedman Seating Company
Minda Industries Ltd.
Seats Incorporated
KTK Group
The table of contents in TBRC’s train seat market report includes:
1. Executive Summary
2. Train Seat Market Characteristics
3. Train Seat Market Trends And Strategies
4. Train Seat Market – Macro Economic Scenario
5. Global Train Seat Historic Market Size and Growth, 2017 – 2022, Value ($ Billion)
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32. Global Train Seat Market Competitive Benchmarking
33. Global Train Seat Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Train Seat Market
35. Train Seat Market Future Outlook and Potential Analysis
36. Appendix
List Of Tables:
Table 1: Global Historic Market Growth, 2017-2022, $ Billion
Table 2: Global Forecast Market Growth, 2022-2027F, 2032F, $ Billion
Table 3: Global Train Seat Market, Segmentation By Train, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 4: Global Train Seat Market, Segmentation By Product, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
Table 5: Global Train Seat Market, Segmentation By End-User, Historic and Forecast, 2017-2022, 2022-2027F, 2032F, $ Billion
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Table 74: Magna International Inc. Financial Performance
Table 75: Freedman Seating Company Financial Performance
Table 76: Minda Industries Ltd. Financial Performance
Table 77: Seats Incoporated Financial Performance
Table 78: KTK Group Financial Performance
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