Train Seat Market Growth Analysis & Forecast Report | 2023-2032

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Train Seat Market 2023-2032 Growth Forecast
Industry Share Report
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• Industry Insights

• As per a recent research report, Train Seat
  Market to surpass USD 2 bn by 2032.
• 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.

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• 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.

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• Regional Analysis

• 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.

• Competitive Analysis

• Freedman Seating Co., United Safety
  Survivability Corp, Grammar AG., Saira Seats, KTK
  Group, Seats Incorporated, United Safety, and
  Shanghai Tanda.

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