Published on : May 02, 2016
The growing investments by several governments across the globe in railways is the main reason for the growth of the global train seat market. The efforts made by governing bodies to make train travel comfortable and convenient, they are lending an impetus to the train seat market by investing in better infrastructure. Furthermore, improved safety features for these seats that are fitted in high-speed railways are also expected to boost the demand in the market.
Segmentation of Global Train Seat Market
The global train seat market is segmented on the basis of function, railcar, comfort, and geography. On the basis function, the train seats are segmented into recliner seat, regular seat, smart seats, folding seats, and dining seats. Depending on railcar, this market is divided into the subway cars, long-distance cars, and overland cars. Comfort wise these are seats are divided into light comfort and high comfort seats. Geographically, this market is segmented into North America, Asia Pacific, Europe, the Middle East and Africa, and Latin America.
High Cost of Infrastructure to Hamper Train Seat Market
The huge cost of infrastructure is the biggest restraint in the overall train seat market. This restraint is especially seen construction of high-speed railways that require greater investments. The growth of the global train seat market will be also be impaired by the introduction of fewer trains and lack of capital to be invested in overhauling railways in countries such as Malaysia, Argentina, Colombia, and Brazil. On the other hand, the introduction of new trains in developed countries and certain developing countries will offer new avenues of growth to this market.