Global Train Seat Market Analysis and Industry forecast 2016 - 2024
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 industry growth as new projects get delayed owing to lack of funds.
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Active participation and heavy investments by government in new railway projects will increase the production of high speed trains at a higher rate. They ensure an operating speed of approximately 200 km/hr, and provides the passengers with enhanced service. Demand of high speed railways is rising owing to their vital role in any country’s transportation system. They minimize the energy consumption levels and are environment friendly.
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.
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.
On the basis of seat type, train seat market can be categorized into regular, folding, recliner, smart, and dining. Recliner type is anticipated to witness an exponential growth during the forecast timeline owing to its features such as comfort and adjustability.
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North America is anticipated to showcase significant growth rate during the forecast period owing to announcements of numerous metro, monorail, and light-train projects in various economies.
Market players 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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Railways are the cheaper and convenient mode of transportation. Railway infrastructure contributes building the economic growth of the country. As an attractive alternative to road transport and air travel, railways are catering to the high comfort need of travelers. In order to curtail the traffic on the road transport, governments worldwide are focusing on increasing train transits i.e. the number, network and capacities which is one of the primary factors