Global Bus Seat Market Growing at 5.2% CAGR to 2022 Driven by Increasing Transportation Mediums

25 Aug, 2016, 04:00 ET from Market Reports Hub

PUNE, India, August 25, 2016 /PRNewswire/ --

The bus seat market in APAC is expected to grow at the highest rate between 2016 and 2022 due to high population and increasing demand for transportation mediums, along with an expected global CAGR of 5.2%, while school buses segment to hold a large market share during the forecast period.

Complete report on global bus seat market spread across 213 pages, profiling 12 companies and supported with 189 tables and 52 figures is now available http://www.marketreportshub.com/bus-seat-industry-research-marketsandmarkets.html .

The bus seat market is expected to be valued at USD 10.03 billion by 2022, growing at a CAGR of 5.2% between 2016 and 2022. The major reason for the growth of the bus seat market is the increasing demand for comfort and luxury, high investments in bus transportation by governments, and expansion in tourism and private bus transportation services. The rising demand for bus seat for transit, transfer, school, and coach buses have increased the growth opportunities for the bus seat market.

Due to high demand for bus transportation in schools, the bus seat market for school buses is high, and this trend is expected to remain the same in the future. These buses are mainly focused on the safety and comfort for children.  Also, the demand for school buses is increasing globally as buses are safe and convenient way for children to travel. These factors are likely to propel the growth of the bus seat market for school buses.

This report covers the said market in North America, Europe, Asia-Pacific (APAC), and Rest of the World (RoW). The market in APAC is expected to grow at the highest rate between 2016 and 2022. The high adoption rate of bus transportation services due to high population and increasing demand for transportation mediums are some of the important factors that have contributed to the growth of the bus seat market in APAC.

The key players, operating in the bus seat market, profiled in this report are Aisin Seiki Co. (Japan), Faurecia (France), Freedman Seating Company (U.S.), Gantherm (U.S.), Harita Seating Company (India), Lear Corporation (U.S.), Magna International (Canada), NHK Springs, Co., Ltd. (Japan), Taichi-S Co. (Japan), and Toyota Boshoku Corporation (Japan). Order a copy of Bus Seat Market by Comfort Type (High, Low), Seat Type (Regular Passenger, Recliner, Folding, Driver, Integrated Child), Bus Type (Transit, Coach, School, Transfer), and Geography - Global Forecast to 2022 research report at http://www.marketreportshub.com/purchase?rpid=4180 .

In the process of determining and verifying, the bus seat market for several segments and sub segments gathered through secondary research, extensive primary interviews were conducted with key people. In Tier 1 (35%), Tier 2 (45%) and Tier 3 (20%) companies were contacted for primary interviews. The interviews were conducted with various key people such as C Level Executives (35%), Director Level (25%) and others (40) from various key organizations operating in the global bus seat market. The primary interviews were conducted worldwide covering regions such as North America (45%), APAC (30%), Europe (20%) and Rest of World (5%).

On a related note, another research on Train Seat Market Global Forecast to 2022 says, increasing demand for high-speed trains is expected to drive the growth of the global train seat market. The regular seat segment was the largest segment of the train seat market. The overall market is expected to grow from USD 938.2 million in 2015 to USD 1,047.7 million by 2022, at a CAGR of 1.58% from 2016 to 2022. Companies like Faurecia Group, Freedman Seating Co., Grammar AG, Harita Seating System Ltd., Magna International Inc., Saira Seats, Transcal Ltd., Camira Fabrics Ltd., Sears Manufacturing Company, Seats Incorporated, The C.E. White Co. and Ussc Group have been profiled in this 110 pages research report available at http://www.marketreportshub.com/train-seat-industry-research-marketsandmarkets.html .

Explore more reports on Automotive & Transportation market at http://www.marketreportshub.com/categories/automotive-transportation .

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