The bus seat market is expected to grow from USD 12.5 billion in 2022 to USD 16.3 billion in 2027, at a CAGR of 5.6%. The market growth can be attributed to several factors such as strong growth in electric bus sales.
The step taken to reduce pollution is rapidly adopted by automobile industry by replacing fossil fuels with renewable or eco-friendly energy solution. Electric vehicles such as cars and buses have increased in demand; this is due to many factors such as lower cost of fuel compared to diesel or petrol, infrastructure to use renewable source of electricity is easily available, higher efficiency of buses, the cost of maintenance is comparatively low to internal combustion engine buses, lower impact on pollution by using electric buses as it has no emissions of air pollutants for operation of buses. Hence transit buses, school buses and transfer buses are fast on using replacing diesel-powered old buses with new electric buses.
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Frames for bus seat to hold the largest share in component segment of Bus seat market during the forecast period
Frame of a bus seat is designed to function as a structure to support the weight of the seat and its occupant while providing strength and place to hold padding and other accessories into the bus seats. Frame are designed using material like steel, aluminum and alloys with special metals properties. Thus the frame of bus seat own the huge cost on manufacturing as the metals used in seat frames are expensive. Seat frames are also designed to provide safety of the occupant in case of an accident, the frame ensure no damage or breaking of seats occur in an event of accident
Bus seats for School bus for North America to witness the largest growth during the forecast period
Asia Pacific and North America is the two largest market for School buses. School buses are designed to transport children to the school and back to residence. Bus seats with proper child safety measure are growing in demand as school authorities and parents are working on improving child’s safety. Proper bus seats with seat belts are used avoid danger to children in an event of accident. Integrated child seats are growing in application for school buses where the seats can be adjusted to fit a young child travelling in the bus. In US and Canada, several association of school and government authorities are promoting the replacement of diesel-powered buses with electric buses for benefits with lower cost for operating and maintenance and reduced emissions. Thus Bus seats for school buses will increase in demand as old buses are replaced with new electric school buses.
Breakdown of primary participants:
- By Company Type: Tier 1 = 30%, Tier 2 = 50%, and Tier 3 = 20%
- By Designation: C-Level Executives = 10%, Directors = 30%, and Others = 60%
- By Region: North America = 25%, Europe = 25%, APAC = 40%, and RoW = 10%
Some of the major players in the silicon photomultiplier market include GRAMMER AG (Germany), Faurecia (France), Magna International Inc. (Canada), Freedman Seating Company (US), Franz Keil GmbH (Germany), Adient (US), ISRINGHAUSEN GmbH(Germany), Lear Corporation(US), NHK Springs (Japan), Toyota Boshoku (Japan), Tachi-S (Japan), Minda Industries (India), Commercial Vehicle Group(US), Lazzerini SRL (Italy)and so on.
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Research Coverage:
In this report, the bus seat market has been segmented on the basis of Components, By Comfort Type, Seat Type, Bus Type, and Region. The report also discusses the drivers, restraints, opportunities, and challenges pertaining to the market. It gives a detailed view of the market across four main regions—North America, Europe, APAC, and RoW. Value chain analysis has been included in the report, along with the key players and their competitive analysis in the Bus Seat ecosystem.
Key Benefits to Buy the Report:
- This report includes statistics for the Bus Seat market based on Components, By Comfort Type, Seat Type, Bus Type, and Region, along with their respective market sizes.
- Value chain analysis and key industry trends have been provided for the market.
- Major drivers, restraints, opportunities, and challenges for bus seat have been provided in detail in this report.
- This report would help stakeholders to understand their competitors better and gain more insights to enhance their position in the market. The competitive landscape section includes the competitor ecosystem and the recent development strategies adopted by the key players in the market, such as new product launches, acquisitions, collaborations, agreements, and partnerships.
