Train Seat Market: North America Region Is Expected To Record CAGR Of 4.5% By 2027
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.
Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/1617
Speaking of North America, the region is anticipated to emerge as a dominant business growth avenue for the global market landscape over the analysis time frame. A majority of this growth can be chalked up to the growing focus of regional governments on infrastructure development. Citing an instance, in February 2021, Caxxor Group, the leading infrastructure investment conglomerate, proposed to build an expansive rail route linking Mazatlán, the cruise port in Mexico, with the Canadian city of Winnipeg.
The $3.3 billion infrastructure project would be drawing investment from the governments of Canada, the US, and Mexico. Apart from taking government capital, the project would also take investment from the private sector, effectively linking a number of strategic locations across all three of the involved countries.
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.
Various planned initiatives relating to rail transport are stimulating the industry share in a distinguished manner. Citing an instance, in February 2021, the European Union declared 2021 as the 'European Year of Rail', wherein it has planned a plethora of initiatives to bring the benefits of rail transport in the limelight.
This particular initiative is part of the European Green Deal, which is directed towards supporting clean, inexpensive, and healthy forms of public and private transport. The primary goal is to attain a 90% reduction in the EU’s transport emission levels by 2050. By the end of this year, the Commission would also unveil a proposal on a novel rail industrial partnership as well as an action plan to increase passenger rail transport. The train seats market is slated to surpass a $2 billion valuation by 2027.
In terms of end-user, the OEM segment is expected to hold more than 45% of overall share of the train seat market. OEMs have been actively involved in multi-year contracts or partnerships with suppliers as well as manufacturers for the continuous supply of products. Moreover, OEMs are also focusing on numerous collaborative procedures that concentrate on R&D to manufacture customized seats to enhance customer safety, conveyance, and comfort while travelling. Subsequently, the launch of novel trains across several categories, mainly in high-speed rail, will further strengthen the segment expansion over the forecast time period.
Get This Report Customized to Your Requirements@ https://www.decresearch.com/roc/1617
Some Point from Table of Contents:
Chapter 5 Train Seat Market, By Product
5.1 Global train seat 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 Market estimates and forecast, 2017 – 2027
5.5.2 Market estimates and forecast, by region, 2017 – 2027
5.6 Sleeper/Couchette
5.6.1 train seat market estimates and forecast, 2017 – 2027
5.6.2 Market estimates and forecast, by region, 2017 – 2027
5.7 Others
5.7.1 Market estimates and forecast, 2017 – 2027
5.7.2 Market estimates and forecast, by region, 2017 – 2027
Chapter 6 Train Seat Market, By End-user
6.1 Global train seat market end-user insights
6.2 OEM
6.2.1 Market estimates and forecast, 2017 – 2027
6.2.2 Market estimates and forecast, by region, 2017 – 2027
6.3 Aftermarket
6.3.1 Market estimates and forecast, 2017 – 2027
6.3.2 Market estimates and forecast, by region, 2017 – 2027
Browse complete Table of Contents (ToC) of this research report @