Due to a number of factors, the market for subway train seats is growing. This includes the rising interest in smart seats, the requirement for effective and pleasant seating arrangements, the expansion of investments in the railroad industry, and the rising demand for public transit. Due to the fact that they offer a quick, enjoyable, and secure mode of transportation, many people choose them. Another significant factor influencing the market is the demand for effective and comfortable seating arrangements. This is due to the desire of passengers to sit comfortably when riding trains. Manufacturers are providing a range of different train seat kinds, including standard seats, recliners, foldable chairs, dining seats, and smart seats, in order to satisfy this demand. The market for train seats for subways is expanding as a result of the rising investments in the railroad industry. To improve services for passengers, administrations across the world are investing heavily in modernising their rail infrastructure. The demand for seats on subway trains is expected to drastically grow as a result. Last but not least, the industry is expanding as smart chairs become more popular. Smart seats differ from conventional seats in that they have a number of characteristics that make them extra comfortable and practical.
The market for train seats has a lot of benefits. The market is firstly sizable and expanding. There are several options for businesses to offer their goods and services as a result. Second, because the market is international, businesses can operate in numerous nations and locations. Third, because there is fierce rivalry in the market, businesses must constantly innovate and enhance their goods and services to stay one step ahead. Fourth, because of the market's efficiency, businesses can react swiftly to changes in consumer demand. Finally, because of the market's openness, businesses can simply observe what other businesses are doing and how they are doing.
A seat that may be utilised in a train carriage is known as a subway train seat. It typically has a backrest and armrest and is built of wood, plastic, or metal. A headrest and leg rest may also be present on the seat. These seats are made to guarantee a secure and comfortable ride for the occupants. A seat reserved for use by users of the Subway transit system is referred to as a train seat for Subway. Additionally, riders of other transit systems that are compatible with the Subway system may utilise select train seats for the Subway. Additionally, people from other forms of transportation, such as cars, are permitted to occupy Subway train seats.
According to estimates, the market for railway seats would increase at a CAGR of 3.8% from USD 2.9 billion in 2021 to USD 4.2 billion by 2031.
The market is being pushed by rising interest in comfortable seats and rising demand for public transportation. The demand for environmentally friendly and energy-efficient transportation is also fueling the market's expansion.
The lack of innovation in design and materials is predicted to restrict the market for train seats. High-speed trains, passenger trains, light trains, trams, and monorails are the main applications for train seats. Additionally, it is anticipated that the market for train seats in these segments will be constrained by the delayed acceptance of new technology and the desire for classic designs. Passengers and railway operators are among the end users of train seats. The preference for comfortable seating and the paucity of innovative designs are anticipated to constrain the market for passenger train seats. However, due to the demand for safe and effective operations as well as the inclination for conventional designs, the market for train seats utilised by railway operators is anticipated to be strong.
The leading companies in the market for train seats are Siemens AG (Germany), Bombardier Inc. (Canada), Kawasaki Heavy Industries, Ltd. (Japan), Alstom SA (France), CRRC Corporation Limited (China), and ThyssenKrupp AG (Germany). These players use a variety of business strategies, such as leasing tickets to independent operators or outright selling seats to passengers. Some businesses also provide a hybrid of the two models.
Segment Analysis
The Regular Seat Segment emerged as the Most Lucrative Type
The market is divided into Regular Seats, Recliner Seats, Folding seats, Dining seats, and Smart Seat categories based on type. The sector for regular seats is predicted to have the highest market share within the anticipated time frame. The regular seat price decline, which will continue in the projection term, is another element that has fueled its expansion.
The Most Prominent Application is the High-speed Train Segment
The market is divided into Trams, Passenger Trains, High-speed Trains, Light Trains, and Monorail based on applications. High-speed trains are predicted to experience the largest CAGR growth of any of these during the projection period. The increased national and international investment in high-speed rail infrastructure is another factor that has fueled its development.
The APAC Region to render Ample Financing Opportunities
The market is divided into North America, Europe, Asia-Pacific, South America, the Middle East, and Africa based on regions. Due to the rising demand for railway systems in nations like China and India, the Asia-Pacific region has the greatest market share among these. The cost of airline tickets is another element that has contributed to its expansion.
COVID-19 Impact and Market Status
The subway market's train seat has been impacted by COVID-19 in a variety of different ways. First off, as a result of individuals avoiding public transportation to lower their chance of contracting the virus, the pandemic outbreak has resulted in a decline in demand for railway seats. Sales of train seats for subways all around the world have decreased as a result of this. The outbreak has also had an impact on the manufacturing of train seats since lockdown procedures forced firms to close or work at reduced capacity. This has caused a market shortage of train seats and an increase in costs. Even so, the market is anticipated to rebound in the upcoming years with the gradual lessening of lockdown restrictions and the resumption of public transportation.
Recent Developments in the Train Seat for Subway Market
• The first of its R211 cars was equipped with a new subway seat design in January 2019, according to MTA New York City Transit (NYCT), the largest transit company in North America. Adient is the manufacturer of these chairs. The seat's design was influenced by furniture styles that emphasise space-saving and ergonomic features for increased passenger comfort. In order to lessen leg strain and offer lumbar support, the upper and lower cushions are shaped. Additionally, the distance between the armrests is wider.
• On its newest metro line, Line 11, Madrid Metro launched a novel train seat in February 2019. The redesigned chairs have better ergonomics and passenger comfort thanks to design work by the Spanish company Faina. The armrests are positioned to provide for additional elbow room, and the seats have a curved backrest that offers lumbar support. Additionally, the back of the seat has a brand-new style of grip that makes it simple for passengers to grab and hold onto the seat when standing up.
• On their newest subway line, Line 9, Seoul Metropolitan Rapid Transit Corporation (SMRT) introduced a new kind of train seat in May 2019. The new chairs have better ergonomics and passenger comfort thanks to design work by the Korean business Daewoo E&C. The armrests are positioned to provide for additional elbow room, and the seats have a curved backrest that offers lumbar support. Additionally, the back of the seat has a brand-new style of grip that makes it simple for passengers to grab and hold onto the seat when standing up.
Train Seat for Subway Market Scope
Metrics | Details |
Base Year | 2023 |
Historic Data | 2018-2022 |
Forecast Period | 2024-2031 |
Study Period | 2018-2031 |
Forecast Unit | Value (USD) |
Revenue forecast in 2031 | USD 4.2 billion |
Growth Rate | CAGR of 3.8% during 2021-2031 |
Segment Covered | Type, Application, Regions |
Regions Covered | North America, Europe, Asia Pacific, South America, Middle East and Africa |
Key Players Profiled | Siemens AG (Germany), Bombardier Inc. (Canada), Kawasaki Heavy Industries, Ltd. (Japan), Alstom SA (France), CRRC Corporation Limited (China), and ThyssenKrupp AG (Germany). |
Key Segments of the Train Seat for Subway Market
Type Overview, 2021-2031 (USD Billion)
• Regular Seat
• Recliner Seat
• Folding Seat
• Dining Seat
• Smart Seat
Application Overview, 2021-2031 (USD Billion)
• High-speed Train
• Passenger Train
• Light Train
• Tram
• Monorail
Regional Overview, 2021-2031 (USD Billion)
North America
• U.S
• Canada
Europe
• Germany
• France
• UK
• Rest of Europe
Asia Pacific
• China
• India
• Japan
• Rest of Asia Pacific
South America
• Mexico
• Brazil
• Rest of South America
• Middle East and South Africa