Bus Seats Market Top Key Players - Harita Seating Systems, Franz Kiel GmbH, Commercial Vehicle Group, BRAF Automotive, Freedman Seating Company, Grammer, ISRINGHAUSEN, Pinnacle Industries, RECARO Automotive Seating, SynTec Seating Solutions, TATA AutoComp
The Asia-Pacific region is expected to have the largest share of the bus seat market by 2026; The market in this region is expected to grow at the fastest pace in 2021-2026. Growing transport demand for a large part of the population, urbanization and increasing economic events are driving the expansion of the bus seat market in the Asia-Pacific region.
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GLOBAL BUS SEATS MARKET DYNAMICS
• Rapid urbanization, the expansion of the international and domestic tourism industry, urban transport congestion, changing mobility patterns and government support for public transport are expected to increase the demand for bus seats during the forecast period. Buses are one of the safest, most convenient, environmentally friendly, convenient and affordable means of transport for short and long distances. In 2019, bus production fell by 3.3% to 271,204 from 280,387 in 2018 due to the global economic crisis and the US-China trade war.
• Bus seats market is popular with various technological advances as more and more electric and hybrid buses are introduced and deployed in different countries. Buses are switching to lightweight components and systems. Standard seats are equipped with elements such as an individual armrest, seat pockets and a clothes hanger. However, there is an increasing demand for lightweight seats with features such as USB charging points, horizontal seat movement, vertical seat back grips and lumbar support.
GLOBAL BUS SEATS MARKET SEGMENTATION
• School Bus
• Transit Bus
By Fuel Type
By Seating Capacity
• More than 50
• Latin America
RECENT TRENDS IN THE MARKET
• In 2020, the European Commission approved additional government funding in Germany of $ 332 million, with a total funding of $ 719 million to stimulate orders for electric buses by the end of 2021.
• BYD, one of the leading manufacturers of electric buses based in China, has sold more than 500 electric buses in Southern California. Its clients include airports, universities, private operators and transport agencies.
• In 2020, the Los Angeles Department of Transportation (LADOT) announced plans to place an order for 155 electric buses in the United States, which could be completed within two years. The purchase is part of LADOT's ambitious plan to completely switch to 100% electric buses by 2028.
COVID IMPACT ON BUS SEATS MARKET
• The global bus seats market is expected to grow by $ XX billion between 2021 and 2026. The report also reflects the impact on the market and the new opportunities created by the COVID-19 pandemic. We expect the impact to be significant in the first quarter, but will gradually weaken in the following quarters - with limited impact on economic growth for the year as a whole.
• Similarly, in the United States, regional transportation agencies have introduced private commuter buses as an alternative mode of transportation. Such large investments and government initiatives will stimulate bus transport, thus contributing to market growth.
The key players, operating in the bus seat market, profiled in this report are Aisin Seiki Co. (Japan), Faurecia (France), Freedman Seating Company (U.S.), Gantherm (U.S.), Harita Seating Company (India), Lear Corporation (U.S.), Magna International (Canada), NHK Springs, Co., Ltd. (Japan), Taichi-S Co. (Japan), and Toyota Boshoku Corporation (Japan).
• Harita Seating Systems
• Franz Kiel GmbH
• Commercial Vehicle Group
• BRAF Automotive
• Freedman Seating Company
• Pinnacle Industries
• RECARO Automotive Seating
• SynTec Seating Solutions
• TATA AutoComp Systems
Read More Information: https://mobilityforesights.com/product/bus-seats-market/
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