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Press Release / Lifestyle / The high-speed train segment expected to witness highest growth

The high-speed train segment expected to witness highest growth

By RameshwarM on June 29 2017 | 27 Views

The global train seat market was valued at USD 938.2 Million in 2015 and is expected to reach USD 1,047.7 Million by 2022, at a CAGR of 1.58% from 2016 to 2022. Governments worldwide are actively invo

The report "Train Seat Market by Train Type (High Speed, Passenger, Light, Tram, Monorail), Seat Type (Regular, Recliner, Folding, Dining, Smart), Rail Car Type (Overland, Subway, Long Distance) - Global Forecast to 2022", The global train seat market is projected to grow from USD 938.2 Million in 2015 to USD 1,047.7 Million by 2022, at a CAGR of 1.58% from 2016 to 2022.
Browse 22 market data Tables and 54 Figures spread through 110 Pages and in-depth TOC on "Train Seat Market - Global Forecast to 2022"
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The growth of the market can be attributed to the fact that government in several countries across the globe are actively involved in offering faster and convenient modes of transportation by investing in high-speed rail and light rail projects.
Furthermore, rail transport is increasingly being adopted by customers across the globe, owing to its advantages over other modes of transport, in terms with cost and capacity.
The passenger train seat segment led the global train seat market
The passenger train seat segment led the global train seat market. The growth of this segment is driven by the increasing usage of passenger trains by travelers in several countries across the globe. The high carrying capacity of and safety associated with passenger trains make them one of the popular modes of transport among travelers.
The global train seat market was valued at USD 938.2 Million in 2015 and is expected to reach USD 1,047.7 Million by 2022, at a CAGR of 1.58% from 2016 to 2022. Governments worldwide are actively involved in the development of faster and convenient modes of transportation by investing in rail infrastructure projects.
Trains play a vital role in the transportation system by offering long-term conveyance solutions to commuters. It brings cities closer, thus improving business productivity. It serves as an economical alternative to domestic aviation and saves travel time. Trains have a lower impact on environment as compared to other modes of transport, owing to low energy consumption and reduced gas emissions.




The objective of the study are-
• To collect valid and reliable information of the global train seat market on the basis of seat type, train type, railcar type, and region.

• To understand the impact analysis of the market dynamics, with the help of factors that may drive or restrain the growth of the market in near future.
• To provide a detailed analysis of each sub-segment of the market with respect to individual growth trends.
• To provide a six-year revenue forecast (2016 to 2022) of the global train seat market and its various sub-markets with respect to regions, including North America, Europe, and Asia-Pacific.
• To find the country-level data for various sub-segments of the global the market.
• To define the revenue generating opportunities present in the market for stakeholders by identifying the key growth segments of this market.
• To identify key players in the high speed train seat market with the help of their company profiles, along with a detailed competitive landscape.

Asia-Pacific is expected to be the largest market for train seats, globally
Asia-Pacific is expected to be the largest market for train seats during the forecast period. The requirement of an effective rail transportation system is significantly high in Asia-Pacific, due to the rising population and the consequently increasing requirement of an efficient transport network for this population.
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Some of the key players in the global train seat market covered in this report are Faurecia Automotive Seating (France), Fenix Group LLC (Russia), Freedman Seating Co. (U.S.), Grammar AG (Germany), Harita Seating System Ltd. (India), Magna International Inc. (Canada), Saira Seats (France), Transcal Ltd. (U.K.), Camira Fabrics Ltd. (U.S.), Sears Manufacturing Company (U.S.), Seats Incorporated (U.S.), The C.E. White Co. (U.S.), USSC Group (U.S.).
The train seat market in North America is also expected to witness significant growth, as there are various light train and monorail projects planned to be undertaken in the region in the near future.
On the basis of railcar, the market has been segmented into overland, subway, long distance, and others. The overland segment is expected to lead the market during the forecast period; this is mainly attributed to low operational costs of overland railcars.

Graphical Analysis:
The Asia-Pacific region is expected to account for the largest share of the global market during the forecast period. China and India are contributing to the growth of the Asia-Pacific train seat market. This growth is attributed to increase in the number of passengers travelling by train in the Asia-Pacific region, as train travel is considered as an efficient and economical mode of transport in this region.


Major restraints of the global train seat market include high infrastructure and capital costs involved in high speed train and monorail projects.
Installation of high speed trains and monorail systems involves designing rail networks that require high level of technical expertise. Thus, costs involved in setting up these systems are relatively high, which, in turn, impacts their adoption rate.
Some of the key players operating in the global train seat market include Faurecia Automotive Seating (France), Fenix Group LLC (Russia), Freedman Seating Co. (U.S.), Grammar AG (Germany), Harita Seating System Ltd. (India), Magna International Inc. (Canada), Saira Seats (France), Transcal Ltd. (U.K.), Camira Fabrics Ltd. (U.S.), Sears Manufacturing Company (U.S.), Seats Incorporated (U.S.), The C.E. White Co. (U.S.), and USSC Group (U.S.).
These players have adopted various strategies such as new product developments, mergers, partnerships, collaborations, and expansions to enhance its position in the global market.



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