Train Seat Market: North America Region Is Expected To Record CAGR Of 4.5% By 2027
Category: #business  By Ronak Bora  Date: 2021-10-26
  • share
  • Twitter
  • Facebook
  • LinkedIn
Train Seat Market: North America Region Is Expected To Record CAGR Of 4.5% By 2027

Train seat market in North America will exhibit more than 4.5% growth rate by the end of the forecast time period. Surging investments in high-speed rail infrastructure will drive the regional industry growth. Citing an instance, FRA (Federal Railroad Administration), in 2020, accepted environmental clearance for Texas Central high-speed railroad project. The 390-km line is expected to link Houston and Dallas in just 90 minutes, with trains traversing the line every 30 minutes during rush hours. The $20 billion Texas Central Railway project is anticipated to start its construction activities in 2021.

Get sample copy of this research report @ https://www.decresearch.com/request-sample/detail/1617

Speaking of North America, the region is anticipated to emerge as a dominant business growth avenue for the global market landscape over the analysis time frame. A majority of this growth can be chalked up to the growing focus of regional governments on infrastructure development. Citing an instance, in February 2021, Caxxor Group, the leading infrastructure investment conglomerate, proposed to build an expansive rail route linking Mazatlán, the cruise port in Mexico, with the Canadian city of Winnipeg.

The $3.3 billion infrastructure project would be drawing investment from the governments of Canada, the US, and Mexico. Apart from taking government capital, the project would also take investment from the private sector, effectively linking a number of strategic locations across all three of  the involved countries.

The train seat market is set to build up remunerative growth momentum over the coming years owing to rising government investments and initiatives toward train manufacturing. Rapid expansion of urban train infrastructure across a number of emerging economies will also augment the market growth through the forecast timeline.

Various planned initiatives relating to rail transport are stimulating the industry share in a distinguished manner. Citing an instance, in February 2021, the European Union declared 2021 as the 'European Year of Rail', wherein it has planned a plethora of initiatives to bring the benefits of rail transport in the limelight.

This particular initiative is part of the European Green Deal, which is directed towards supporting clean, inexpensive, and healthy forms of public and private transport. The primary goal is to attain a 90% reduction in the EU’s transport emission levels by 2050. By the end of this year, the Commission would also unveil a proposal on a novel rail industrial partnership as well as an action plan to increase passenger rail transport. The train seats market is slated to surpass a $2 billion valuation by 2027.   

In terms of end-user, the OEM segment is expected to hold more than 45% of overall share of the train seat market. OEMs have been actively involved in multi-year contracts or partnerships with suppliers as well as manufacturers for the continuous supply of products. Moreover, OEMs are also focusing on numerous collaborative procedures that concentrate on R&D to manufacture customized seats to enhance customer safety, conveyance, and comfort while travelling. Subsequently, the launch of novel trains across several categories, mainly in high-speed rail, will further strengthen the segment expansion over the forecast time period.

Get This Report Customized to Your Requirements@ https://www.decresearch.com/roc/1617

Some Point from Table of Contents:

Chapter 5   Train Seat Market, By Product

5.1    Global train seat market product insights

5.2    Non-recliner

5.2.1    Market estimates and forecast, 2017 – 2027

5.2.2    Market estimates and forecast, by region, 2017 – 2027

5.3    Luxury/Premium

5.3.1    Market estimates and forecast, 2017 – 2027

5.3.2    Market estimates and forecast, by region, 2017 – 2027

5.4    Recliner

5.4.1    Market estimates and forecast, 2017 – 2027

5.4.2    Market estimates and forecast, by region, 2017 – 2027

5.5    Subway seats

5.5.1    Market estimates and forecast, 2017 – 2027

5.5.2    Market estimates and forecast, by region, 2017 – 2027

5.6    Sleeper/Couchette

5.6.1    train seat market estimates and forecast, 2017 – 2027

5.6.2    Market estimates and forecast, by region, 2017 – 2027

5.7    Others

5.7.1    Market estimates and forecast, 2017 – 2027

5.7.2    Market estimates and forecast, by region, 2017 – 2027

Chapter 6   Train Seat Market, By End-user

6.1    Global train seat market end-user insights

6.2    OEM

6.2.1    Market estimates and forecast, 2017 – 2027

6.2.2    Market estimates and forecast, by region, 2017 – 2027

6.3    Aftermarket

6.3.1    Market estimates and forecast, 2017 – 2027

6.3.2    Market estimates and forecast, by region, 2017 – 2027

Browse complete Table of Contents (ToC) of this research report @

https://www.decresearch.com/toc/detail/train-seat-market

  • share
  • Twitter
  • Facebook
  • LinkedIn

About Author

Ronak Bora

Ronak Bora    

A graduate in Electronics Engineering, Ronak writes for Technology Magazine and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and spo...

Read More >>

More News By Ronak Bora

Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
Electrical Conduit Market Statistics, Regional Growth & Forecast To 2024
By Ronak Bora

Global electrical conduit market is poised to witness appreciable growth in the coming years owing to increasing efforts towards containing electric supply faults, health hazards, fire, and other operational breakdown. Electrical wiring is directly ...

GCC Natural Gas Market Outlook 2024 By Industry Players
GCC Natural Gas Market Outlook 2024 By Industry Players
By Ronak Bora

GCC natural gas market has been a recipient of the concerns related to energy security and climatic changes due to increasing fossil fuel consumption. In a bid to strengthen the regional sustainable energy scenario, GCC countries including Kuwait, UA...

Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
Europe Residential Boiler Market | Opportunities, Key Trends & Growth Analysis To 2024
By Ronak Bora

The shifting focus of European countries toward energy efficiency is certain to act as a driving force for Europe residential boiler industry. The increasing awareness about the adverse effects of fossil fuel consumption for energy generation has bee...