The train seat market is set to build up remunerative growth momentum over the coming years owing to rising government investments and initiatives toward train manufacturing. Rapid expansion of urban train infrastructure across a number of emerging economies will also augment the market growth through the forecast timeline.
The market size from sleeper/couchette train seats is pegged to show a significant growth number in the next few years. This can be attributed to the increasing utility of high-speed trains, inclusive of CRH1E, CRH2E, and CRH5E, which operate between Beijing-Guangzhou and Beijing-Shanghai.
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Revenue from OEM end-users reached more than 45% of the overall train seat market share in the previous years. This is due to the multiple partnerships and multi-year contracts constantly undertaken by the OEMs with manufacturers and suppliers for a stable supply of products. These end-user companies are also adopting several collaborative procedures that focus on R&D for creating customized seats for passengers in order to improve their safety, comfort, as well as conveyance during travel. Besides, new trains are repeatedly introduced across various categories, particularly in the high-speed rail.
Through the regional standpoint, train seat market in North America will exhibit more than 4.5% growth rate by the end of the forecast time period. Surging investments in high-speed rail infrastructure will drive the regional industry growth. Citing an instance, FRA (Federal Railroad Administration), in 2020, accepted environmental clearance for Texas Central high-speed railroad project. The 390-km line is expected to link Houston and Dallas in just 90 minutes, with trains traversing the line every 30 minutes during rush hours. The $20 billion Texas Central Railway project is anticipated to start its construction activities in 2021.
Leading business participants in the train seat market are actively reinforcing their competitive capabilities by taking up product innovations and joint ventures, like partnerships, as well as mergers & acquisitions. For instance, USSC (United States Seating Company) acquired 4ONE LLC, in August 2017, to obtain the latter’s innovative passenger seating solutions for uses in public transit applications. The acquisition also helped the company to speed up its investments in innovative technology and products.
Seats Incorporated, Saira Seats, Franz Kiel GmbH, FISA Srl, GINYO Transport, KTK Group, Freedman Seating Co., Grammar AG, and Transcal Ltd., are few other companies in the business that have been potentially opting strategic measures to gain an edge in the global train seat industry.
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Partial Chapter of the Table of Content
Chapter 4 Train Seat Market, By Train
4.1 Global market product insights
4.2 Regional/Intercity
4.2.1 Market estimates and forecast, 2017 – 2027
4.2.2 Market estimates and forecast, by region, 2017 – 2027
4.3 High-speed
4.3.1 Market estimates and forecast, 2017 – 2027
4.3.2 Market estimates and forecast, by region, 2017 – 2027
4.4 Metro
4.4.1 Train Seat Market estimates and forecast, 2017 – 2027
4.4.2 Market estimates and forecast, by region, 2017 – 2027
4.5 Light
4.5.1 Market estimates and forecast, 2017 – 2027
4.5.2 Market estimates and forecast, by region, 2017 – 2027
Chapter 5 Train Seat Market, By Product
5.1 Global market product insights
5.2 Non-recliner
5.2.1 Market estimates and forecast, 2017 – 2027
5.2.2 Market estimates and forecast, by region, 2017 – 2027
5.3 Luxury/Premium
5.3.1 Market estimates and forecast, 2017 – 2027
5.3.2 Market estimates and forecast, by region, 2017 – 2027
5.4 Recliner
5.4.1 Market estimates and forecast, 2017 – 2027
5.4.2 Market estimates and forecast, by region, 2017 – 2027
5.5 Subway seats
5.5.1 Train seat Market estimates and forecast, 2017 – 2027
5.5.2 Market estimates and forecast, by region, 2017 – 2027
5.6 Sleeper/Couchette
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