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North American Train Seat Market size to reach $560 Mn by 2027
Published Date: 2021-06-08
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North American Train Seat Market size is projected to cross USD 560 million by 2027, according to a latest forecast report by Graphical Research. Increase in regional urban transit demand will be enhancing the market growth.
The U.S. public transportation sector generated more than USD 70 billion per annum, with approximately 34 million people boarding every week on public transportation means. Increasing demand for the safe and efficient transportation medium has opened avenues for many public transit mode companies to innovate over the period of time. Such trends have created advancement in the high speed railway projects in the region, which will boost North America train seats market demand in study timeframe.
Although the industry is growing at considerable rate, the challenges associated with the fluctuating raw material prices will impose challenges to product manufacturer in the projected time period. However, increasing investment in the railway infrastructure will be propelling North America train seat industry development in the region by end of forecast timeframe.
Browse detailed statistical insights from the report, “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” along with the table of contents (ToC) @
The high speed segment will be accelerating at double digit growth rate in the forecast timeframe. This can be attributed to the limited infrastructure available for the high speed trains in the U.S. number of government representatives have proposed plans to capitalize the high speed train sector in a response to changing consumer demand for efficient transportation. Such trends is projected to enhance growth of high speed trains in the region, which will further propel product usage in the forecast timeframe.
The recliners segment will be witnessing a growth of 4.5% over projected timeframe. The product features excellent comfort during extended travelling hours, superior adjustability and safe conveyance. Rising demand for railway network as a transit mode will further accelerate growth of recliners in the sector.
The OEM segment will be accounting for the North America train seat industry in the projected timeframe. Rising investment in expanding rail network in the U.S. along with growing demand for efficient transport modes will be driving share of the OEM in the sector.
The North American train seat market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027 for the following segments:
North America Market, By Train
- High speed
North America Market, By Product
- Subway system
North America Market, By End-user
- New OEM
The above information has been provided for the following countries:
- North America