Market Size of Bus Seat Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.00 % |
Fastest Growing Market | Asia-Pacific |
Largest Market | Asia-Pacific |
Market Concentration | Medium |
Major Players*Disclaimer: Major Players sorted in no particular order |
Bus Seat Market Analysis
The Bus Seat Market was valued at USD 11.58 billion in 2021 and is expected to reach USD 16.89 billion by 2027 registering a CAGR of around 5% during the forecast period.
The COVID-19 pandemic hampered the growth of the market studied during the first half of 2020 as governments across the world have imposed lockdowns and travel restrictions. Further, supply chain disruptions and shortage of skilled labor have created chaos in the market. However, by end of 2020 major countries have relaxed restrictions and in developing countries, the adoption of electric mobility in public transportation heightened creating positive momentum in the market.
Over the medium term, the notable demand for buses across major emerging nations like India, China, etc. is expected to support demand in the market. In addition, as buses are the main mode of transportation in several developing countries as they can reach remote locations inaccessible by other modes of transportation such instances are anticipated to encourage key players to improve their investments during the forecast period enhancing overall market growth.
With the rising need for electrification of buses in wake of growing environmental emission norms and standards imposed by governments, the adoption rate of electric and hybrid buses different is growing exponentially paving way for the significant growth of bus seats market in coming years. Furthermore, increasing government regulation to integrate child seats in buses to improve child safety further drives the growth of the market. Furthermore, the increasing replacement of old bus seats with new and advanced bus seats is providing growth opportunities for key players.
However, the strict government regulation present in the market for the development of bus seats is one of the key factors that could hamper the growth of the market during the forecast period. There are a series of standards such as regulations on seat belt fastening, resistance or flammability of materials, which makes the development and approval of bus seats a complicated and long process.
The Asia-Pacific region is anticipated to occupy major market share in the Bus seat market during the forecast period. Buses are the primary means of transportation in many countries in the APAC region and the growing sales of buses likely to in turn push demand for affordable and quality seats providing new opportunities for players to tap the potential of the unexplored bus seat market. Further, North America region is also likely to see positive trends in the market growing adaptability of school and intercity buses, and notable trends in electric buses across the region.
Bus Seat Industry Segmentation
In general, the bus is a long vehicle with many seats. The number of seats differs by each bus type and the range of bus seats varies from 15 to above 50 seats depending upon the capacity and structure of the bus. The report on the bus seat market covers the latest trends and technological developments in the market, along with the market shares of major bus seat manufacturers worldwide.
The report is segmented by seat type, bus type, component type, and geography. By Seat Type, the market is segmented into Standard and Recliner. By Component Type, the market is segmented into Frame and Upholstery.
By Bus Type, the market is segmented into Transit Bus, School bus, and Others. By Geography, the market is segmented into North America, Europe, Asia-Pacific, and the Rest of the world. For each segment, market sizing and forecast have been done on basis of value (USD billion).
By Seat Type | |
Standard | |
Recliner |
By Component Type | |
Frame | |
Upholstery |
By Bus Type | |
Transit Bus | |
School Bus | |
Others |
By Geography | |||||||
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Bus Seat Market Size Summary
The bus seat market is poised for significant growth over the forecast period, driven by increasing demand for buses in emerging economies and the rising adoption of electric and hybrid buses. The market experienced a temporary setback due to the COVID-19 pandemic, which led to travel restrictions and supply chain disruptions. However, the easing of these restrictions and the push towards electric mobility in public transportation have created a positive outlook. The demand for bus seats is further bolstered by government regulations mandating the integration of child seats for safety and the replacement of old seats with advanced models. The Asia-Pacific region is expected to dominate the market, supported by the primary reliance on buses for transportation and the growing sales of electric buses.
Key players in the bus seat market are actively expanding their presence through strategic alliances and the introduction of innovative seating solutions. The demand for recliner bus seats, which offer enhanced comfort and support, is on the rise, particularly in regions like Asia-Pacific and North America. The market is also witnessing developments such as the introduction of semi-sleeper models and the launch of new electric bus platforms, which are expected to drive growth. Despite the challenges posed by stringent government regulations on seat development, the market is set to benefit from the increasing need for luxury and comfort in bus transportation, providing lucrative opportunities for manufacturers and suppliers.
Bus Seat Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION (Market Size in Value USD billion)
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2.1 By Seat Type
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2.1.1 Standard
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2.1.2 Recliner
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2.2 By Component Type
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2.2.1 Frame
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2.2.2 Upholstery
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2.3 By Bus Type
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2.3.1 Transit Bus
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2.3.2 School Bus
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2.3.3 Others
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2.4 By Geography
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2.4.1 North America
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2.4.1.1 United States
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2.4.1.2 Canada
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2.4.1.3 Rest of North America
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2.4.2 Europe
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2.4.2.1 Germany
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2.4.2.2 United Kingdom
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2.4.2.3 France
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2.4.2.4 Rest of Europe
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2.4.3 Asia-Pacific
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2.4.3.1 India
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2.4.3.2 China
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2.4.3.3 Japan
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2.4.3.4 South Korea
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2.4.3.5 Rest of Asia-Pacific
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2.4.4 Rest of the World
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2.4.4.1 South America
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2.4.4.2 Middle-East and Africa
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Bus Seat Market Size FAQs
What is the current Bus Seat Market size?
The Bus Seat Market is projected to register a CAGR of greater than 5% during the forecast period (2024-2029)
Who are the key players in Bus Seat Market?
Grammer AG, Franz Kiel GmbH, Freedman Seating Company, Lazzerini SRL and Commercial Vehicle Group Inc. are the major companies operating in the Bus Seat Market.