Global Bus Seat Market Size By Component (Frame, Upholstery), By Seat Type (Regular Passenger Seat, Recliner Seat), By Bus Type (Transit Bus, Coach Bus), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
Bus Seat Market size was valued at USD 12.95 Billion in 2024 and is projected to reach USD 19.58 Billion by 2031, growing at a CAGR of 5.30% during the forecast period 2024-2031.
The increasing growth of electric buses across the globe is one of the key factors that is driving the growth of the market. Furthermore, rapid urbanization coupled with increasing population is also some of the key factors that are significantly contributed to the growth of the market. The Global Bus Seat Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors that are playing a substantial role in the market.
Global Bus Seat Market Definition
The bus seats are generally made up of a special fabric and unique pattern. This is mainly because it helps them stain and spill-proof, wear and tear and look fresh without the need for much maintenance. Polyester, genuine leather, pigmented smooth leather, and artificial leather are some of the types of fabrics that are generally used for bus seats. Premium-quality bus seats have all sorts of features such as soundproof, lightweight material, foam fire retardant, extra cushioning, cup holder, calf support, charging port, and a comfortable headrest.
There is a requirement for different bus seats for the different buses. Nowadays, the bus seats have become very important for the passengers, who travel on long journeys. There are two types of air seat cushions which are passive and active air cushions. The active air cushion comes with an air control system, which controls the inflation and the air release by using a microprocessor. The passive air cushion system provides an extremely simple and lightweight seat construction.
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Global Bus Seat Market Overview
Hey, did you know the market for bus seats is really taking off these last few years? It's all about more people needing buses because of growing populations and cities expanding like crazy! This is a huge driver for bus seat demand. Plus, governments are stepping up and making sure kids are safer by requiring child seats on buses, which only helps the market grow even more. And get this – people are swapping out their old bus seats for fancy new ones, giving companies a chance to shine. We're also seeing cool tech being added to seats, opening up even more possibilities. Finally, with all these electric and hybrid buses hitting the roads, the need for comfy, safe seats is just exploding!
However, the stringent government regulation present in the market for the development of bus seats is one of the key factors which could hinder the growth of the market over the forecast period. There is a number of standards such as regulations on belt fixing, strength, or material flammability, making the development and homologation of bus seats a complicated and long-lasting process. The manufacturing companies first have to develop the prototype that goes through a number of tests, and as soon as the homologation is approved, the companies produce the whole set which is put on the bus.
Global Bus Seat Market Segmentation Analysis
The Global Bus Seat Market is segmented on the basis of Component, Seat Type, Bus Type, and Geography.
By Component
• Frame• Upholstery• Other Accessories
Based on Component, the market is segmented into the frame, upholstery, and other accessories. The upholstery segment is estimated to grow at the highest CAGR over the forecast period. Increasing preference for light-weight seats for buses is one of the key factors that is driving the growth of upholstery in the upcoming years. The frame segment accounted for the largest market share in 2021. The frame is the key component of the seats as it provides strength and support to the padding and other accessories in the bus seats.
When it comes to Seat Type, the bus seat market is broken down into a few main categoriesregular passenger seats, recliner seats, folding seats, bus driver seats, and integrated child seats. Turns out, the regular passenger seat was the most popular choice in 2021. This makes sense, since you'll find them in pretty much every kind of passenger bus. They're all about giving buses enough occupancy capacity while also trying to make the ride comfortable for everyone. Looking ahead, it seems like integrated child seats are going to be the fastest-growing segment. That's largely because governments are really pushing for them, making sure kids are safer by requiring child seats to be installed.
By Bus Type
• Transit bus• Coach bus• School Bus• Transfer Bus• Other
Based on Bus Type, the market is segmented into transit buses, coach buses, school buses, transfer buses, and others. The transit bus segment held the largest market share in the year 2021. The rising growth of the on-demand bus transits across the globe is a primary factor that is driving the demand for bus seats. Furthermore, increasing demand for transportation in urban areas due to rising population and alteration in travel patterns, further propelling the market’s growth.
By Geography
• North America• Europe• Asia Pacific• Rest of the world
When we look at where bus seats are selling around the world, we can divide it into regions like North America, Europe, Asia Pacific, and everywhere else. Interestingly, the Asia Pacific region is really leading the way in the global market for bus seats. Think about it – buses are a huge way for people to get around in that part of the world. Countries like China, India, Japan, and South Korea are key players in this growth. And get thisChina is way ahead when it comes to using electric buses. In fact, IES says they had over 421,000 electric buses zooming around Chinese cities back in 2021! Plus, governments are making rules that encourage bus transportation, which is helping the market grow even more. On top of that, South Korea and China are really focusing on electric buses, which is also giving a big boost to bus seat sales in the Asia Pacific region.
Key Players
The “Global Bus Seat Market” study report will provide valuable insight with an emphasis on the global market. The major players in the market are GRAMMER AG, Freedman Seating Company, Magna International Inc., NHK Springs, Adient, ISRINGHAUSEN GmbH, Faurecia, Lear Corporation, Franz Keil GmbH, Toyota Boshoku, Tachi-S, Minda Industries, Lazzerini SRL, and Commercial Vehicle Group.
Our market analysis also entails a section solely dedicated for such major players wherein our analysts provide an insight to the financial statements of all the major players, along with its product benchmarking and SWOT analysis. The competitive landscape section also includes key development strategies, market share and market ranking analysis of the above-mentioned players globally.
Key Developments
• In September 2021, GRAMMER AG announced that Otokar/Iveco, a bus manufacturer awarded the contract to the company to supply high-quality bus driver seats to Otokar, Turkey.
• In October 2021, Lear Corporation announced the plan to acquire all of Kongsberg Automotive’s Interior Comfort Systems (ICS) business units.
• In March 2019, Auto component maker Minda Industries announced that its flagship company UNO MINDA, a leading Tier-1 automotive systems manufacturer merged with Harita Seating Systems Ltd. (HSSL).
Report Scope
REPORT ATTRIBUTES
DETAILS
STUDY PERIOD
2021-2031
BASE YEAR
2024
FORECAST PERIOD
2024-2031
HISTORICAL PERIOD
2021-2023
UNIT
Value (USD Billion)
KEY COMPANIES PROFILED
GRAMMER AG, Freedman Seating Company, Magna International Inc., NHK Springs, Adient, ISRINGHAUSEN GmbH, Faurecia, Lear Corporation, Franz Keil GmbH, Toyota Boshoku.
SEGMENTS COVERED
By Component, By Seat Type, By Bus Type, and By Geography
CUSTOMIZATION SCOPE
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Reasons to Purchase this Report
We dig deep, looking at the market from all angles, using both number-crunching and understanding the human side to break it down into useful segments. You'll get concrete market value data (in USD Billion!) for every piece of the puzzle. We'll pinpoint the region and segment poised for the biggest growth, and which ones are already leading the way. Expect a geographic breakdown, showing where the product/service is really being used and what's driving the market in each area. We also map out the competitive landscape, ranking the big players and highlighting their latest movesnew products, partnerships, expansions, and acquisitions over the last five years. Each major player gets an extensive profile, covering their background, insights, product comparisons, and a candid SWOT analysis. We'll give you a clear picture of where the market is now and where it's headed, considering the latest trends, opportunities, growth drivers, and potential roadblocks in both emerging and established markets. We'll even analyze the market's forces using Porter's five forces model and provide insight through a Value Chain analysis. Finally, we outline the market dynamics and growth opportunities we see coming down the line and offer 6-month post-sales analyst support to answer your questions.
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