The Bus Seat Market Size was valued at USD 12.99 billion in 2023 and is expected to reach USD 19.79 billion by 2031 and grow at a CAGR of 5.4% over the forecast period 2024-2031.
The bus seat application is extensively used on school buses. School buses are used to carry students to and from school and back to their homes. As school authorities and parents try to improve children's safety, bus seats with suitable child safety measures are becoming more popular. In the event of an accident, proper bus seats with seat belts are employed to protect youngsters. Integrated kid seats, which can be modified to fit a small child riding in the bus, are becoming more popular in school buses.
Get More Information on Bus Seat Market - Request Sample Report
Seats with minimal features and seating comfort for important bus rides are known as regular passenger seats. These seats are commonly utilized since they are less expensive than other bus seats and can be used on any bus. Regular passenger buses are typically installed on public transportation buses with journey times of less than 100 minutes. Regular passenger seats with high comfort levels are increasingly being employed for lengthy intercity bus trips where passengers can comfortably ride for several hours.
KEY DRIVERS:
The use of environmentally friendly and recyclable materials in the creation of seats, as well as recycled metals in the production
Governments are urging bus seat producers to adopt environmentally friendly biodegradable plastics materials
RESTRAINTS:
Seat replacement in buses is not a realistic solution for long-term company operations
Many bus fleet firms are wary about taking on contracts to replace seats on older buses
OPPORTUNITIES:
Adding safety bus seats that reduce the damage caused by children in occupied seats
School bus seats can be outfitted with motion sensors to detect collisions and deploy airbags before the collision occurs
CHALLENGES:
The selling prices of bus seats created with these sophisticated materials are astronomically high to cover R&D costs
Due to industrial optimization, the cost of producing these components will decrease over time
COVID-19 has also had an influence on their enterprises. The COVID-19 pandemic has had a tremendous influence on the bus seat market. Various places around the world are still considerably afflicted, and governments in these areas have responded to the epidemic by shutting down public transit, manufacturing facilities, and other public institutions to limit virus infection. Due to disruptions in the vehicle supply chain caused by the abrupt emergence of COVID-19, market growth slowed. However, the market is likely to increase steadily in the post-COVID-19 period, as traffic in major cities has returned to normal levels and people have begun to commute utilizing public transportation.
The global market is divided into Frame, Upholstery, and Other Accessories based on the components segment. The frame of a bus seat is meant to sustain the weight of the seat and its occupant while also providing strength and a location to store cushioning and other bus seat accessories. Steel, aluminum, and alloys with unique metal qualities are used to create frames.
According to the seat type segment, the global market is divided into Regular Passenger Seat, Folding Seat, Recliner Seat, Bus Driver Seat, and Integrated Child Seat. Regular passenger seats are used. The backrest of these seats is fixed and cannot be changed. These seats are available in two different styles: bench and bucket. Modern passenger bus seats are made of a plastic shell body that is made of environmentally friendly and recyclable materials.
Based on the comfort type, the global market has been divided into Low Comfort Seat and High Comfort Seat. Low comfort seats will have the largest market share in 2022. The market for high-comfort seats will grow as technology for seat functions such as heating, massage, ventilated, and power seats with memory evolve.
By Components:
Frame
Upholstery
Other Accessories
By Seat Type:
Regular Passenger Seat
Folding Seat
Recliner Seat
Bus Driver Seat
Integrated Child Seat
By Comfort Type:
Low Comfort Seat
High Comfort Seat
Get Customized Report as per your Business Requirement - Request For Customized Report
In the electric bus sector, China is a market leader. E-buses accounted for roughly 23% of all bus purchases in China in 2020. Electric bus purchases are predicted to rise as a result of ongoing government initiatives to encourage e-mobility, and global e-bus adoption is expected to reach 40% of new bus purchases. The European Commission authorized USD 332 million in additional state financing in Germany in 2020, for total funding of USD 719 million by the end of 2021, to incentivize electric bus orders. Over the forecast period, Asia-Pacific is expected to lead the worldwide bus seat market.
REGIONAL COVERAGE:
North America
The USA
Canada
Mexico
Europe
Germany
The UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
GRAMMER AG (Germany), Magna International Inc. (Canada), Freedman Seating Company (US), Faurecia (France), Franz Keil GmbH (Germany), Adient (US), ISRINGHAUSEN GmbH(Germany), NHK Springs (Japan), Toyota Boshoku (Japan), Lear Corporation(US), Tachi-S (Japan), Minda Industries (India), Commercial Vehicle Group(US), Lazzerini SRL (Italy) are some of the affluent competitors with significant market share in the Bus Seat Market.
| Report Attributes | Details |
|---|---|
| Market Size in 2023 | US$ 12.99 Billion |
| Market Size by 2031 | US$ 19.79 Billion |
| CAGR | CAGR of 5.4% From 2024 to 2031 |
| Base Year | 2023 |
| Forecast Period | 2024-2031 |
| Historical Data | 2020-2022 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • by Components (Frame, Upholstery, Other Accessories) • by Seat Type (Regular Passenger Seat, Folding Seat, Recliner Seat, Bus Driver Seat, Integrated Child Seat) • by Comfort Type (Low Comfort Seat, High Comfort Seat) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | GRAMMER AG (Germany), Magna International Inc. (Canada), Freedman Seating Company (US), Faurecia (France), Franz Keil GmbH (Germany), Adient (US), ISRINGHAUSEN GmbH(Germany), NHK Springs (Japan), Toyota Boshoku (Japan), Lear Corporation(US), Tachi-S (Japan), Minda Industries (India), Commercial Vehicle Group(US), Lazzerini SRL (Italy) |
| Key Drivers | •The use of environmentally friendly and recyclable materials in the creation of seats, as well as recycled metals in the production. •Governments are urging bus seat producers to adopt environmentally friendly biodegradable materials. |
| RESTRAINTS | •Seat replacement in buses is not a realistic solution for long-term company operations. •Many bus fleet firms are wary about taking on contracts to replace seats on older buses. |
Ans:- The market size is expected to reach USD 19.79 billion by 2031.
Ans:- Low comfort seats are expected to see the most significant growth.
Ans:- Magna International Inc. (Canada), Freedman Seating Company (US), Faurecia (France), NHK Springs (Japan), Toyota Boshoku (Japan), Tachi-S (Japan), Minda Industries (India), and Commercial Vehicle Group(US) are the most prominent players in the market.
Ans:- Yes.
Ans:- Asia pacific region is anticipated to be the primary driver of the market.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Bus Seat Market Segmentation, by Components
8.1 Frame
8.2 Upholstery
8.3 Other Accessories
9. Global Bus Seat Market Segmentation, by Seat Type
9.1 Regular Passenger Seat
9.2 Folding Seat
9.3 Recliner Seat
9.4 Bus Driver Seat
9.5 Integrated Child Seat
10. Global Bus Seat Market Segmentation, by Comfort Type
10.1 Low Comfort Seat
10.2 High Comfort Seat
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 the USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 the UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Faurecia (France),
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 GRAMMER AG (Germany)
12.3 Magna International Inc. (Canada)
12.4 Freedman Seating Company (US)
12.5 Faurecia (France)
12.6 Franz Keil GmbH (Germany)
12.7 Adient (US)
12.8 ISRINGHAUSEN GmbH (Germany)
12.9 NHK Springs (Japan)
12.10 Toyota Boshoku (Japan)
12.11 Lear Corporation (US)
12.12 Tachi-S (Japan)
12.13 Minda Industries (India)
12.14 Commercial Vehicle Group (US)
12.15 Lazzerini SRL (Italy)
13. Competitive Landscape
13.1 Competitive Benchmarking
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
An accurate research report requires proper strategizing as well as implementation. There are multiple factors involved in the completion of good and accurate research report and selecting the best methodology to compete the research is the toughest part. Since the research reports we provide play a crucial role in any company’s decision-making process, therefore we at SNS Insider always believe that we should choose the best method which gives us results closer to reality. This allows us to reach at a stage wherein we can provide our clients best and accurate investment to output ratio.
Each report that we prepare takes a timeframe of 350-400 business hours for production. Starting from the selection of titles through a couple of in-depth brain storming session to the final QC process before uploading our titles on our website we dedicate around 350 working hours. The titles are selected based on their current market cap and the foreseen CAGR and growth.
The 5 steps process:
Step 1: Secondary Research:
Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.
Step 2: Primary Research
When we talk about primary research, it is a type of study in which the researchers collect relevant data samples directly, rather than relying on previously collected data. This type of research is focused on gaining content specific facts that can be sued to solve specific problems. Since the collected data is fresh and first hand therefore it makes the study more accurate and genuine.
We at SNS Insider have divided Primary Research into 2 parts.
Part 1 wherein we interview the KOLs of major players as well as the upcoming ones across various geographic regions. This allows us to have their view over the market scenario and acts as an important tool to come closer to the accurate market numbers. As many as 45 paid and unpaid primary interviews are taken from both the demand and supply side of the industry to make sure we land at an accurate judgement and analysis of the market.
This step involves the triangulation of data wherein our team analyses the interview transcripts, online survey responses and observation of on filed participants. The below mentioned chart should give a better understanding of the part 1 of the primary interview.
Part 2: In this part of primary research the data collected via secondary research and the part 1 of the primary research is validated with the interviews from individual consultants and subject matter experts.
Consultants are those set of people who have at least 12 years of experience and expertise within the industry whereas Subject Matter Experts are those with at least 15 years of experience behind their back within the same space. The data with the help of two main processes i.e., FGDs (Focused Group Discussions) and IDs (Individual Discussions). This gives us a 3rd party nonbiased primary view of the market scenario making it a more dependable one while collation of the data pointers.
Step 3: Data Bank Validation
Once all the information is collected via primary and secondary sources, we run that information for data validation. At our intelligence centre our research heads track a lot of information related to the market which includes the quarterly reports, the daily stock prices, and other relevant information. Our data bank server gets updated every fortnight and that is how the information which we collected using our primary and secondary information is revalidated in real time.
Step 4: QA/QC Process
After all the data collection and validation our team does a final level of quality check and quality assurance to get rid of any unwanted or undesired mistakes. This might include but not limited to getting rid of the any typos, duplication of numbers or missing of any important information. The people involved in this process include technical content writers, research heads and graphics people. Once this process is completed the title gets uploader on our platform for our clients to read it.
Step 5: Final QC/QA Process:
This is the last process and comes when the client has ordered the study. In this process a final QA/QC is done before the study is emailed to the client. Since we believe in giving our clients a good experience of our research studies, therefore, to make sure that we do not lack at our end in any way humanly possible we do a final round of quality check and then dispatch the study to the client.
The Automotive Sunroof Market Size was valued at USD 7.45 billion in 2023 and is expected to reach USD 17.41 billion by 2031 and grow at a CAGR of 11.2% over the forecast period 2024-2031.
Electric Parking Brake Market Size was valued at USD 1.94 billion in 2023 and is expected to reach USD 4.71 billion by 2031 and grow at a CAGR of 11.7% over the forecast period 2024-2031.
The Hyper Car Market Size was valued at USD 49.8 billion in 2023 and is expected to reach USD 105.20 billion by 2031 and grow at a CAGR of 9.8% over the forecast period 2024-2031.
All-Terrain Vehicle (ATV) Engines Market Size was valued at USD 4.46 billion in 2023 and is expected to reach USD 5.69 billion by 2031 and grow at a CAGR of 3.1% over the forecast period 2024-2031.
The Air Powered Vehicle Market Size was valued at USD 119.96 million in 2023 and is expected to reach USD 4428.40 million by 2031 and grow at a CAGR of 57% over the forecast period 2024-2031.
The E-Scooter Sharing Market Size was valued at USD 22.57 billion in 2022 and is expected to reach USD 40.26 billion by 2030 and grow at a CAGR of 7.5% over the forecast period 2023-2030.
Hi! Click one of our member below to chat on Phone
© 2024 All Rights Reserved by SNS Insider Pvt Ltd
