Bus Seat Market Scope
Bus seat is one of the important parts of the bus. Due to road traffic bus takes a long time. This implies, the requirement of the bus seat. There are various types of bus seats are present in the bus such as regular passenger seat, recliner seat, driver seat, integrated child seat, and others. Increasing adoption of buses for transportation by many schools have been supplementing the market. Additionally, increasing adoption of bus transportation on a daily basis due to low travel cost and increasing demand from the Asian countries due to high population have been driving the market. However, the presence of alternative such as railway train, intense competition among established players, increasing road traffic and long travel time are the factors that are limiting the growth of the market. Moreover, Rising Trend of Luxury Bus for Private Use Results in an Increasing Demand for Luxury Seats and Increasing Government Expenditure in Transportation can be considered as an opportunity for the market.
According to AMA, the Global Bus Seat market is expected to see growth rate of 4.7% and may see market size of USD10.9 Billion by 2026.
The Manufacturers having a strong hold in the market are Aisin Seiki Co., Faurecia, Freedman Seating Company, Gantherm, Harita Seating Company. Research Analyst at AMA estimates that United States and European Manufacturers will contribute to the maximum growth of Global Bus Seat market throughout the predicted period.
Aisin Seiki Co. (Japan), Faurecia (France), Freedman Seating Company (United States), Gantherm (United States), Harita Seating Company (India), Lear Corporation (United States), Magna International (Canada), NHK Springs, Co., Ltd. (Japan), Taichi-S Co. (Japan) and Toyota Boshoku Corporation (Japan) are some of the key players that are part of study coverage. Additionally, the Manufacturers which are also part of the research are TATA AutoComp Systems (India) and BRAF Automotive (South Africa).
The research aims to propose a patent-based approach in searching for potential technology partners as a supporting tool for enabling open innovation. The study also proposes a systematic searching process of technology partners as a
preliminary step to select the emerging and key players that are involved in implementing market estimations. While patent analysis is employed to overcome the aforementioned data- and process-related limitations, as expenses occurred in that technology allows us to estimate the market size by evolving segments as target market from total available market.
The study have segmented the market of Global Bus Seat market by Type (Regular Passenger Seat, Recliner Seat, Driver Seat, Integrated Child Seat and Others) and Region with country level break-up.
On the basis of geography, the market of Bus Seat has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico).
On August 29, 2018, MG Group had launched 3 new luxury buses at an event named as Bus World India 2018. These three new luxury buses have 43 passenger seats each. The key feature of the bus is a 2x2 seating arrangement with reclining luxury seats. Thus, such kind of launches will create a big opportunity for the market in the future
- Rising Trend of Luxury Bus for Private Use Results in an Increasing Demand for Luxury Seats
- Rising Demand for Comfortable Seat in the Bus due to Long Travel Time
- Increasing Adoption of Bus Transportation on Daily Basis due to Low Travel Cost
- Increasing Demand from Asian Countries due to High Population
- Increasing Government Expenditure in Transportation
- Increasing Production of Passenger Bus across the Globe and New Launches
- Intense Competition among Established Players
- Presence of Alternative such as Railway Train
- Increasing Road Traffic and Long Travel Time
Key Target AudienceManufacturers of Bus Seats, Dealers and Distributors, Raw Material Suppliers, Industry Associations, Investment Firms, Equity Research Firms, Private Equity Firms and Others