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The bus seating systems market size is forecast to increase by USD 1.02 billion, at a CAGR of 11.65% between 2023 and 2028. The accelerated growth of the market is due to various factors, including the high investments in bus transportation by governments, the increasing demand for comfort and luxury seats, and the growing popularity of articulated buses over conventional bus. The market report provides market size, historical data spanning from 2018-2022, and future projections, all presented in terms of value in USD billion for each of the mentioned segments.
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Our researchers analyzed the data with 2023 as the base year, along with the key drivers, trends, and challenges. A holistic analysis of drivers will help companies refine their marketing strategies to gain a competitive advantage.
One of the key factors driving the market growth is the growing popularity of articulated buses over conventional buses. Bus transit is gaining significant popularity across the globe as transit modes such as light rail schemes require high costs. In addition, bus transit is seen as a cost-effective solution to urban transport problems such as comfort, reliability, accessibility, and ease of use.
Moreover, this leads to the demand for higher-capacity buses, especially articulated buses. In addition, an articulated bus features more doors and a greater proportion of step-free access; this makes articulated buses superior to their non-articulated counterparts. Hence, such factors are positively impacting the market. Therefore, it is expected to drive the market growth during the forecast period.
A key factor shaping the market growth is the public bus seating innovation to aid elderly commuters. It is common for city transit buses to have fewer seats reserved for elderly commuters occupied by non-elderly commuters. In addition, this causes inconvenience to the senior citizens traveling in city buses. Furthermore, a system called Smart Bus Seat is under development for elderly people.
Moreover, aligned with market trends and analysis, these seats will fold up so that more standing room is available when not in use. In addition, the bus driver can also control the seat and release it in case of a requirement. Furthermore, such systems would be of great help to the elderly, who generally refrain from traveling by public transport due to the inconvenience caused by the lack of seats in buses. Hence, such factors are driving the market growth during the forecast period.
Rising cost pressure on automotive OEMs is one of the key challenges hindering market growth. Auto OEMs are prone to heavy cost pressures every day owing to the dynamism in the regulatory environment and the demanding consumer base. In addition, environmental and safety standards are pressurizing OEMs to find means to comply with the regulations while not transmitting additional costs to the consumer. Furthermore, controlling emissions is bound to increase the cost of the vehicle.
Moreover, the OEMs need to be innovators in drivetrain technologies to suit lower emission standards. In addition, dynamism in standards will further affect the cost of R and D and production processes. Furthermore, consumers demanding advanced features at competitive prices will add to the pressure of already cost-pressurized OEMs. Hence, such factors are hindering the market growth during the forecast period.
The market forecasting report includes the adoption lifecycle of the market, covering from the innovator’s stage to the laggard’s stage. It focuses on adoption rates in different regions based on penetration. Furthermore, the report also includes key purchase criteria and drivers of price sensitivity to help companies evaluate and develop their market growth analysis strategies.
Customer Landscape
Companies are implementing various strategies, such as strategic alliances, partnerships, mergers and acquisitions, geographical expansion, and product/service launches, to enhance their presence in the market.
Adient Plc: The company offers bus seating systems and solutions that are designed with superior standards, making professional seating the affordable, high-quality choice for commercial fleets.
The market research and growth report also includes detailed analyses of the competitive landscape of the market and information about 21 market companies, including:
Qualitative and quantitative analysis of companies has been conducted to help clients understand the wider business environment as well as the strengths and weaknesses of key market players. Data is qualitatively analyzed to categorize companies as pure play, category-focused, industry-focused, and diversified; it is quantitatively analyzed to categorize companies as dominant, leading, strong, tentative, and weak.
The standard seats segment is estimated to witness significant growth during the forecast period. This segment is commonly used on buses. In addition, these are around 40-45 cm in width with a significant extent of reclination but still more of bench-style seating as compared to recliners. Furthermore, sleeper seats are more commonly seen in buses with longer commute routes.
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The standard seats segment was the largest segment and was valued at USD 1.03 billion in 2018. Therefore, it offers relaxing sleep for passengers who are traveling longer distances. In addition, these seats are arranged in a bed-like manner. Increasing adoption of public transportation and cheaper fares than that of air travel is likely to fuel the growth of this segment. Moreover, folding seats can be folded to occupy the least space. A foldable seat can be used to accommodate a wheelchair or two when installed in transit buses. In addition, the incidence of physical disabilities is increasing. Furthermore, along with the growing usage of wheelchairs and favorable public initiatives for disabled individuals, foldable seats are gaining more demand, which will boost the growth of the segment. Hence, such factors are fuelling the growth of this segment which in turn drives the market growth during the forecast period.
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APAC is estimated to contribute 49% to the growth of the global market during the forecast period. Technavio’s analysts have elaborately explained the regional trends and drivers that shape the market during the forecast period. Buses are the most preferred mode of public transportation in APAC, as billions of people utilize buses for everyday commutes. In addition, the demand for buses has increased significantly in recent years, especially in developing countries, such as India and China, owing to the rapid population growth, increasing urbanization, and government initiatives to connect rural areas to cities. Moreover, this has consequently augmented the bus seat market in the region. In addition, the growing concerns over pollution and the rise in gas emission regulations have motivated countries to include a greater number of electric buses in the existing bus fleet. Hence, such factors are driving the market growth in APAC during the forecast period.
The market analysis and report forecasts market growth by revenue at global, regional & country levels and provides an analysis of the latest trends and growth opportunities from 2018 to 2028.
The market has encountered significant shifts amidst the challenges posed by lockdowns, travel restrictions, and supply chain disruptions. However, the industry remains dynamic, driven by the global transition towards electric mobility and the proliferation of electric and hybrid buses in response to environmental emission norms and strict government regulations. Notably, major emerging nations are embracing these trends, fostering demand for modern bus seating solutions that prioritize safety reasons, comfort, and compliance. As regulations mandate the inclusion of child seats and the replacement of old bus seats, manufacturers innovate automotive seat recliner mechanisms, seat cushions, and spiral springs to enhance ergonomics and durability.
Furthermore, advancements in low-floor buses and amenities such as toilets and wheelchair lifts cater to diverse passenger needs in the school, charter, and long-distance coach sectors. Government incentives for the purchase of electric vehicles and production of electric vehicles further stimulate production and innovation, driving market growth. Amidst evolving regulations and safety considerations, the market continues to prioritize flexibility and sustainability, ensuring a comfortable and secure travel experience for passengers of all ages.
Bus Seating Systems Market Scope |
|
Report Coverage |
Details |
Page number |
99 |
Base year |
2023 |
Historic period |
2018-2022 |
Forecast period |
2024-2028 |
Growth momentum & CAGR |
Accelerate at a CAGR of 11.65% |
Market Growth 2024-2028 |
USD 1.02 billion |
Market structure |
Fragmented |
YoY growth 2023-2024(%) |
16.49 |
Regional analysis |
APAC, Europe, South America, North America, and Middle East and Africa |
Performing market contribution |
APAC at 49% |
Key countries |
China, India, Russia, France, and UK |
Competitive landscape |
Leading Companies, Market Positioning of Companies, Competitive Strategies, and Industry Risks |
Key companies profiled |
Adient Plc, AUNDE Group SE, BASF SE, Brusa Seating, Commercial Vehicle Group Inc., Exmark, Faurecia SE, FP Seating Systems Pvt. Ltd., Freedman Seating Co., KIEL SITZE, Lazzerini S.r.l. S.B., Leadcom Seating Inc., Lear Corp., Magna International Inc., MG Seating Systems Pvt. Ltd., Minda Industries Ltd., Ningbo Jifeng Auto Parts Co. Ltd., Pinnacle Industries Ltd., TACHI S Co. Ltd., Tata Motors Ltd., and Toyota Motor Corp. |
Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and market condition analysis for the forecast period. |
Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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