Bus Seats Market Size, Share Global Analysis Report, 2020–2026

Industry Insights

[188+ Pages Report] According to the report published by Facts Factors, the global bus seats market size was worth around USD 8,500 million in 2019 and is predicted to grow to around USD 12,750 million by 2026 with a compound annual growth rate (CAGR) of roughly 6% between 2020 and 2026. The report analyzes the global bus seats market drivers, restraints/challenges, and the effect they have on the demands during the projection period. In addition, the report explores emerging opportunities in the bus seats market.

This specialized and expertise oriented industry research report scrutinizes the technical and commercial business outlook of the Bus Seats industry. The report analyzes and declares the historical and current trends analysis of the Bus Seats industry and subsequently recommends the projected trends anticipated to be observed in the Bus seats market during the upcoming years.

The bus seats market report analyzes and notifies the industry statistics at the global as well as regional and country levels in order to acquire a thorough perspective of the entire Bus Seats market. The historical and past insights are provided for FY 2016 to FY 2019 whereas projected trends are delivered for FY 2020 to FY 2026. The quantitative and numerical data is represented in terms of both volume (Million Units) and value (USD Million) from FY 2016 – 2026.

The quantitative data is further underlined and reinforced by comprehensive qualitative data which comprises various across-the-board market dynamics. The rationales which directly or indirectly impact the Bus Seats industry are exemplified through parameters such as growth drivers, restraints, challenges, and opportunities among other impacting factors.

Key Insights from Primary Research

• According to the interview with industry participants, the government in numerous countries is encouraging public transport operators to make things easy for passengers. This has driven the target market growth
• The target market is coming up with new ideas to provide durable and comfortable seats to passengers. This has surged the target market growth
• Target market generated revenue of around USD 8,500 Million in 2019
• The Asia Pacific was the leading region associated with the target market in 2019
• Standard seat, regular passenger seat, and transit bus categories were the major revenue-generating categories of comfort type, seat type, and bus type segments

Key Recommendations from Analysts

• As per our analyst, rising demand for transportation mediums coupled with the rising rate of bus transportation services has also propelled the target market growth
• Target market is anticipated to generate revenue of around USD 12,750 Million in 2026
• The Asia Pacific is expected to be the dominating region in 2026 as well
• Standard seat, regular passenger seat, and transit bus categories are anticipated to be the leading categories of comfort type, seat type, and bus type segments in 2026
• Target market is estimated to grow at CAGR of around 6%

Competitor Sales Value Market Share

Throughout our research report, we have encompassed all the proven models and tools of industry analysis and extensively illustrated all the key business strategies and business models adopted in the Bus Seats industry. The report provides an all-inclusive and detailed competitive landscape prevalent in the Bus Seats market.

The report utilizes established industry analysis tools and models such as Porter’s Five Forces framework to analyze and recognize critical business strategies adopted by various stakeholders involved in the entire value chain of the Bus Seats industry. The Bus Seats market report additionally employs SWOT analysis and PESTLE analysis models for further in-depth analysis.

The report study further includes an in-depth analysis of industry players' market shares and provides an overview of leading players' market position in the Bus Seats sector. Key strategic developments in the Bus Seats market competitive landscape such as acquisitions & mergers, inaugurations of different products and services, partnerships & joint ventures, MoU agreements, VC & funding activities, R&D activities, and geographic expansion among other noteworthy activities by key players of the Bus Seats market are appropriately highlighted in the report.

Target market players are concentrating to improve their solutions in terms of bus seats associated with the needs of companies, travelers, as well as local authorities. This has augmented the target market. In addition, manufacturers are enhancing the networks in accordance with real passenger flows and their usages associated with bus seats. This has been propelling the target market growth.

Moreover, the development of new formulas coupled with the launch of advanced quality products associated with bus seats by prominent target market players is expected to create lucrative opportunities for the target market key players. The main focus of target market key players is product quality and reliability. This may enhance the target market growth over the forecast period.

The Bus Seats market research report delivers an acute valuation and taxonomy of the Bus Seats industry by practically splitting the market on the basis of different comfort types, seat types, bus types, and regions. Through the analysis of the historical and projected trends, all the segments and sub-segments were evaluated through the bottom-up approach, and different market sizes have been projected for FY 2020 to FY 2026.

Report Scope

The regional segmentation of the Bus Seats industry includes the complete classification of all the major continents including North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. Further, country-wise data for the Bus Seats industry is provided for the leading economies of the world.

The Bus Seats market is segmented based on comfort types, seat types, bus type. On the basis of comfort type segmentation, the market is classified into a comfort seat and standard seat. In terms of seat type segmentation, the market is bifurcated into recliner seat, regular passenger seat, folding seat, integrated child seat, driver seat, and others. In terms of bus type segmentation, the market is bifurcated into school bus, transit bus, coach bus, and another bus type.

Some of the essential players operating in the Bus Seats market, but not restricted to include

•  Faurecia
•  Aisin Seiki (Toyota)
•  Magna International
•  Freedman Seating Company
•  Lear Corporation
•  Tachi-S Co
•  NHK Springs Co Ltd
•  Harita Seating Company

.The taxonomy of the Bus Seats industry by its scope and segmentation is as follows:

By Comfort Type Segmentation Analysis

• Comfort Seat
• Standard Seat

By Seat Type Segmentation Analysis

• Recliner Seat
• Regular Passenger Seat
• Folding Seat
• Integrated Child Seat
• Driver Seat
• Others

By Bus Type Segmentation Analysis

• Recliner Seat
• School Bus
• Transit Bus
• Coach Bus
• Other Bus Type

By Regional Segmentation Analysis

• North America
  • The U.S.
  • Canada
• Europe
  • Germany
  • The UK
  • France
  • Spain
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa