Global Train Seat Market is set to witness robust growth between 2023 and 2032, primarily owing to the rising demand for rapid urban transit systems. Besides, the growing investments in high-speed trains across the globe will also drive the market demand during the next decade.
In addition, key providers in the train seat market are strengthening their foothold in the industry by expanding their existing portfolios and entering new mergers, joint ventures, and acquisitions. For instance, in January 2020, KIEL Group entered a joint venture with Kustom Seating Unlimited. The partnership will enable KIEL to manufacture, design, and distribute passenger seats to the rail and bus markets in North America.
Overall, the global train seat market has been segmented in terms of train, product, end-user, and region.
Based on the train, the regional/intercity trains are observing significant growth over the recent years, anticipating a market valuation of more than USD 2.15 billion by 2032. The segmental expansion will be mainly driven by the upgradation of traditional intercity and regional trains.
On the basis of the product, the luxury/premium segment is set to grow significantly through 2023-2032. Luxury or premium seats are not only comfortable and convenient, but they are also among the most common type of train seats being used. Innovations in the space are expected to drive the market segment over the next ten years.
For instance, EMR is working with DGDESIGN, the Derby-based design company, to develop a comfortable seat, that offers more support to the rider. As per reports, this new seat will have increased cushion sizes, armrests, and headrests, will be made from more durable leather and moquette, and used in the Aurora Fleet of the East Midlands Railways, UK.
In the context of end-user, the train seat market is likely to be characterized by the aftermarket segment. The segment growth is expected to be driven by the increasing necessity for repair, maintenance, and refurbishment of conventional trains to ensure safety and a better travel experience for commuters.
In the regional context, in Europe, the train seat market is anticipated to grow at 4.5% CAGR through 2032. The regional market growth can be attributed to the presence of top-class railway infrastructure, rising urban rail transit systems, and the availability of major companies in Europe. According to credible sources, in February 2023, Warsaw, Poland announced its plans of expanding the metro network of three lines. As per reports, 41.5 km will be added under this expansion phase, and the total length of metro lines will reach 113 km by the end of 2050.