Train Seat Market is anticipated to grow at a significant rate from 2016 to 2024. Recliner type is anticipated to witness an exponential growth during the forecast timeline owing to its features such as comfort and adjust ability.Increasing government initiatives and investments to develop faster and convenient modes of transportation across the globe will drive the market growth in the forecast timespan. Rising need of passenger safety features in high speed rails will further fuel the industry growth. Moreover, growing trend of high-speed rails across the globe is expected to increase the train seat market demand.
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Passenger comfort is a major factor for product differentiation in train seat market. Industry players are focusing on selecting raw materials and their suppliers carefully to provide high comfort level to passengers. For instance, Camira Fabrics Ltd offers customized fabric for seats. However, manufacturers have shifted their focus from fabric to leather owing to its robust features. Leather can withstand daily rigorous transportation of numerous passengers. Moreover, it is affordable and attractive simultaneously. Vinyl is another material that is used instead of leather owing to less cost and three-fold durability.
High railway infrastructure investment is a major challenge faced by this industry. High speed rails require greater infrastructure than the traditional trains and thus require larger investment. Lack of essential infrastructure owing to excessive costs pose a threat to this market growth across the globe. Lack of capital in few economies that include Columbia, Brazil, Malaysia, and Argentina will further hinder the train seat market growth as new projects get delayed owing to lack of funds.
Based on train type, this market is divided into passenger, high speed, light, monorail, and tram. Passenger train segment is projected to dominate the market in the forecast timeframe owing to rising demand for passenger trains across the globe. Moreover, high capacity and enhanced passenger safety features will propel the industry growth.
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High speed rails are anticipated to showcase highest growth rate over the forecast timespan owing to numerous announcement of high speed rail projects in various economies across the globe. Rising demand of economic and fast transportation alternatives has further fueled this segment’s growth. Monorails are predicted to witness a significant growth during the forecast timeline owing to increasing investments in these projects in various economies.
Continuous government support for developing enhanced railway infrastructure in various economies has favored the industry growth. For instance, in 2014, UK government revealed the investment of 38 billion pounds in development of railway infrastructure. This investment aims to increase the overall production of rails, improvised seating capacity, and enhanced passenger seating and travelling experience. Thus, manufacturers are focusing on providing the passengers with seats that are featured with resistance to any external damage, light weight and high comfort level.
Market players include in the global train seat market include Magna International Inc., USSC group, Camira Fabrics, Freedman Seating Co., Harita, Saira, Transcal Ltd., Sears Manufacturing Company, The C.E. White Co., Seats Incorporated, Fenix Group, Fainsa, Horiba Mira Ltd., Kustom Seating Unlimited Inc., Rescroft Ltd., and Ulrich Seats Ltd.
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