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North America Train Seat Market

North America Train Seat Market

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North America Train Seat Market

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  1. North America Train Seat Market Revenue to Exceed USD 560 Million by 2027: Graphical Research ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  2. Greater regional transportation demand is expected to boost North America train seat market share through 2027. As the population grows over the years, so does the need for quicker, safer, and more comfortable transportation. Both, public and private companies across North America are funding railway infrastructure development. The public transportation industry in the United States generates more than USD 70 billion each year, with over 34 million people boarding public transportation vehicles each week. This data represents the prevalent demand for efficient transportation means, creating new growth prospects. North America train seat market size is poised to be worth USD 560 million by 2027. North America train seat market share from non-recliner segment will account for a large portion of the market between 2021 and 2027, with product penetration increasing in metro trains. Increased investment in regional rail networks will create opportunities for train seat manufacturers. Through 2027, the industry share from the high-speed segment is set to rise at a double-digit rate. This can be ascribed to the lack of high-speed railway infrastructure in many areas of the US. A number of government officials have proposed strategies to commercialize the high-speed railway sector in response to shifting consumer demand for efficient transportation. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  3. Browse detailed statistical insights from the report, “North America Train Seat Market” along with the table of contents (ToC) @https://bit.ly/3wMhV4r Get sample copy of this research report @ https://www.graphicalresearch.com/request/1829/sample ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  4. Furthermore, regional/intercity trains are likely to account for over 80% of the North America train seat market by the end of 2027. A greater emphasis on maintenance and refurbishing efforts is driving deployment across North America. The industry share from the recliners segment will rise at a CAGR of 4.5% throughout the forecasted timeframe. Citizens above the age of 60 or with special needs prefer recliner seats as a comfortable mode of seating during their travel, because they reduce the vibrations and shocks felt by the commuter. As the equipment provides exceptional comfort over long trip hours, as well as great adjustability and safe carriage, it is gaining popularity from a rising number of passengers. Due to the ongoing maintenance, restoration, and overhaul of train seats, the train seat market share from the aftermarket segment is set to surge at than 4.7% CAGR through 2027. Several leading train seat manufacturers in North America are developing innovative products to cater to the growing population’s needs, which is likely to strengthen their presence in the industry. KTK Group, Freedman Seating Company, Grammar AG, USSC Group, Seats Incorporated, FRANZ KEIL, KSU NA, Compin-Fainsa and FISA North America, are among the major train seat manufacturers in North America. From 1980 to 2020, America's freight railroad spent over USD 740 billion on maintenance and capital spending on freight cars, locomotives, bridges, and tunnels, among other components. Through the next two decades, the country's freight demand is predicted to rise by 30%. These factors are expected to boost the adoption of new trains in the country, facilitating train seat market outlook up to 2027. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  5. About Graphical Research: Graphical Research is a business research firm that provides industry insights, market forecast and strategic inputs through granular research reports and advisory services. We publish targeted research reports with an aim to address varied customer needs, from market penetration and entry strategies to portfolio management and strategic outlook. We understand that business requirements are unique: our syndicate reports are designed to ensure relevance for industry participants across the value chain. We also provide custom reports that are tailored to the exact needs of the customer, with dedicated analyst support across the purchase lifecycle. Contact Us: Parikhit B. Corporate sales, Graphical Research Email:sales@graphicalresearch.comWeb: https://www.graphicalresearch.com ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

  6. Stay In Touch With Us For: Website: www.graphicalresearch.com Social Media: Assured Quality On-Time Delivery Payment Security Industry Experts ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com

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