Bus Seat Market Worth 10.03 Billion USD by 2022
PUNE, India, August 22, 2016 /PRNewswire/ --
According to the new market research report "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", published by MareketsandMarkets, this market is expected to be valued at USD 10.03 Billion by 2022, growing at a CAGR of 5.2% between 2016 and 2022.
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Browse 21 market data Tables and 60 Figures spread through 103 Pages and in-depth TOC on "Bus Seat Market"
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The major driver for the growth of the bus seat market is the increasing demand for comfort and luxury in bus services.
High demand for recliner seats expected to drive the market growth during the forecast period
The market for recliner seats is expected to grow at the highest rate between 2016 and 2022. Recliner seats are multi-axle seats that can be adjusted according to the passengers' requirements. These seats provide a flexible headrest, lumbar support, and an autonomous footstool that bends with the weight and angle of the passenger's legs to increase comfort. Therefore, the demand for recliner bus seats in the market is high.
School bus expected to witness the highest growth rate between 2016 and 2022
The market for school buses is expected to grow at the highest rate between 2016 and 2022. The demand for buses in schools for safety and comfort purposes is expected to boost the market for bus seats. In schools, buses are one of the major vehicles for transportation. This would drive the growth of the bus seats market for school buses.
APAC expected to hold the largest market share and witness high growth during the forecast period
The Bus Seat Market in APAC is expected to grow at the highest rate between 2016 and 2022. This growth can be attributed to the high adoption of bus services due to high population and rising demand for luxury transportation in the tourism and private industries due to increasing disposable income. The rapid increase in population is leading to the rising demand for bus seats in China and India. Therefore, the bus seat market in APAC is expected to grow rapidly during the forecast period.
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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), Toyota Boshoku Corporation (Japan).
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