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North America Train Seat Market Forecast 2027 by Product (Non-recliner, Luxury/Premium, Recliner, Subway Seats, Sleeper/Couchette), Train (Regional/Intercity, High Speed, Metro, Light), End-user (OEM, Aftermarket), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share
Published Date: May 2021 | Publisher: Graphical Research Report ID: GR1829 | Delivery : PDF  Request Free Sample

North America Train Seat Market size exceeded USD 400.9 million in 2020 and is anticipated to exhibit a CAGR of 4.5% from 2021 to 2027. Proliferation in high-speed railway projects in the U.S. along with increasing government focus on development of well-established rail network is propelling demand for train seat across the region.

North America Train Seat Market

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The U.S. is estimated to invest significant amount in expansion of the rail network over 2021 to 2027. America’s freight railroad has spent around USD 740 billion on maintenance and capital expenditure of fright cars, locomotives, bridges, tunnels, etc. from 1980 to 2020. Total fright demand of the country is expected to increase by 30% over next two decades. Such trends are projected to increase adoption of new trains within the country in upcoming years.

Ongoing COVID-19 pandemic will impose challenges to the train seat companies owing to shutdown of public transit modes across the region over short period of time. Amid the coronavirus spread, the U.S. adopted stringent norms for lockdown and social distancing in order to curb the number of cases. This is drastically reduced the number of people relying on public transit infrastructure, which has created slight drop in North America train seat industry growth in 2020.

North America Market, By Train

North America Train Seat Market

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Regional/Intercity trains will be accounting for around 80% share in North America market by 2027. The vast availability of regional trains in operation along with increasing focus on maintenance & refurbishment activities is propelling segment demand in North America. Further, increasing need for efficient public transit systems from the consumer will stimulate remodeling activities in rail infrastructure.

North America Market, By Product

North America Train Seat Market

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Non-recliner will occupy significant share of the North market during 2021-2027, which is estimated to grow product penetration in light and metro trains. Increasing advancement in existing rail infrastructure together with growing investment in regional rail network will provide an opportunity for segment growth.

North America Market, By End-user

Aftermarket segment will witness over 4.7% growth during the forecast period, due to increasing maintenance, repair and overhaul of train seats. Growing efforts from manufacturers to enhance overall passenger experience will stimulate the segment size in next few decades.

Competitive Industry Landscape

Major manufacturers of train seat across the region are Freedman Seating Company, KTK Group, Grammar AG, Seats Incorporated, USSC Group, FISA North America, FRANZ KEIL, KSU NA and Compin-Fainsa. These companies can adopt strategic initiatives including, merger & acquisition, capacity expansion and new product launches to remain competitive in the U.S.
 

Frequently Asked Question(FAQ) :

The industry share for train seat in North America surpassed USD 400.9 million in revenue in 2020 and will rise at a CAGR of 4.5% up to 2027.
Regional/Intercity trains will capture over 80% of the North America market share by 2027 due to the growing focus on maintenance & refurbishment activities in the region.
The regional market value from the non-recliner product segment will be responsible for a substantial revenue share through 2027 with higher penetration in light and metro trains.
The aftermarket end-user segment is poised to observe a 4.7% growth up to 2027 owing to the increasing need for maintenance, repair and overhaul of train seats.

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