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Train Seat Market Share
The train seat industry is consolidated due to the presence of local and global players. In 2023, the players, such as Toyota Boshoku, Franz Kiel GmbH, Grammer AG, Magna International Inc., USSC Group, Compin-Fainsa, Fenix Group and Saira Europe S.p.A. collectively held around 20%-25% market share. These prominent players are proactively involved in strategic endeavors, such as mergers & acquisitions, facility expansions & collaborations, to expand their product portfolios, extend their reach to a broader customer base, and strengthen their market position.
Train Seat Market Companies
Major companies operating in the train seat industry are:
- Be-Ge Seating Division
- Chapman Seating Ltd.
- Compin-Fainsa
- Fenix Group
- Franz Kiel GmbH
- Freedman Seating Company
- GINYO Transport
- Grammer AG
- Kustom Seating Unlimited, Inc.
- Magna International Inc.
- Rescroft Limited
- Saira Europe S.p.A.
- Toyota Boshoku
- Transcal Ltd.
- USSC Group
How big is the North America train seat industry?
North America market size is expected to reach USD 800 million by 2032, driven by demand for on key intercity routes and environmental considerations.
Why is the demand for non-recliner train seat rising?
The non-recliner segment in the train seat market held 43% revenue in 2023, due to their cost-effectiveness and space-saving design.
What is the size of the train seat market?
The market size of train seat reached USD 2.7 billion in 2023 and is set to witness 4.1% CAGR from 2024 to 2032, due to the increasing railway networks and rapid urbanization and growing connectivity.
Who are the leading train seat market players?
Be-Ge Seating Division, Chapman Seating Ltd., Compin-Fainsa, Fenix Group, Franz Kiel GmbH, Freedman Seating Company, GINYO Transport, Grammer AG, Kustom Seating Unlimited, Inc., and Magna International Inc., among others.