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Global Bus Seat Market to reach USD 17.21 billion by the end of 2029

Global Bus Seat Market Size study & Forecast, by Seat (Standard and Recliner), by Component (Frame and Upholstery), by Bus (Transit Bus, School bus, and Others), and Regional Analysis, 2022-2029

Product Code: ALTAMC-14935395
Publish Date: 8-02-2023
Page: 200

The global Bus Seat Market is valued at approximately USD 11.75 billion in 2021 and is anticipated to grow with a healthy growth rate of more than 5.6 % over the forecast period 2022-2029. The bus is a long vehicle with a large number of seats. The number of seats varies by bus type, with seats ranging from 15 to more than 50 depending on the capacity and structure of the bus. The Bus Seat market is expanding because of factors such as the rising adoption of electric vehicles and growing demand to integrate child seats.

According to Statista in 2022, the electric vehicles market generated revenue of around USD 384.00 billion in 2022. And it is growing with a growth rate of around 17.75 % and is expected to attain a volume of USD 869.30 billion by 2027. Whereas rising replacement of old buses and growing technological advancement create lucrative opportunities for the market. However, stringent government regulation hampers the market growth in the forecast period of 2022-2029.

The key regions considered for the Global Bus Seat Market study include Asia Pacific, North America, Europe, Latin America, and the Rest of the World. Asia Pacific dominated the market in terms of revenue, owing to the increasing demand for electric vehicles, rising demand for child seats, and demand for mobile vehicles for transportation. Whereas the Asia Pacific is expected to grow with the highest CAGR during the forecast period, owing to factors such as the need for luxury and comfort across transportation and growing technological advancement.

Major market players included in this report are:
Commercial Vehicle Group Inc.
Franz Kiel GmbH
Grammer AG
Freedman seating company
Harita Seating Company
Magna International Inc.
Toyota Boshoku Corporation
Prakash Seating Private Ltd
Lazzerini SRL

Recent Developments in the Market:
 In April 2021, SeatLinkTM, a seat information tracking system powered by InterMotive Vehicle Controls, a leading manufacturer of electronic control systems, was developed by Freedman Seating Company, a leading manufacturer of transportation seating. The system can be expanded to accommodate vehicles carrying up to 90 passengers. It can also be battery powered, making it possible to retrofit the system into older vehicles.
 In October 2021, Lear Corporation announced its intention to buy all of Kongsberg Automotive’s Interior Comfort Systems (ICS) business units. The ICS business unit of Kongsberg Automotive specialises in comfort seating solutions, with a leadership position in seating product areas experiencing growth in the auto industry, such as massage, lumbar, seat heat, and ventilation.

Global Bus Seat Market Report Scope:
Historical Data 2019-2020-2021
Base Year for Estimation 2021
Forecast period 2022-2029
Report Coverage Revenue forecast, Company Ranking, Competitive Landscape, Growth factors, and Trends
Segments Covered Seat, Component, Bus, Region
Regional Scope North America; Europe; Asia Pacific; Latin America; Rest of the World
Customization Scope Free report customization (equivalent up to 8 analyst’s working hours) with purchase. Addition or alteration to country, regional & segment scope*

The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within countries involved in the study.

The report also caters detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, it also incorporates potential opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Seat:

By Component:

By Bus:
Transit Bus
School Bus

By Region:
North America
Asia Pacific
South Korea
Latin America
Rest of the World

Chapter 1. Executive Summary
1.1. Market Snapshot
1.2. Global & Segmental Market Estimates & Forecasts, 2019-2029 (USD Billion)
1.2.1. Bus Seat Market, by Region, 2019-2029 (USD Billion)
1.2.2. Bus Seat Market, by Seat, 2019-2029 (USD Billion)
1.2.3. Bus Seat Market, by Component, 2019-2029 (USD Billion)
1.2.4. Bus Seat Market, by Bus, 2019-2029 (USD Billion)
1.3. Key Trends
1.4. Estimation Methodology
1.5. Research Assumption
Chapter 2. Global Bus Seat Market Definition and Scope
2.1. Objective of the Study
2.2. Market Definition & Scope
2.2.1. Scope of the Study
2.2.2. Industry Evolution
2.3. Years Considered for the Study
2.4. Currency Conversion Rates
Chapter 3. Global Bus Seat Market Dynamics
3.1. Bus Seat Market Impact Analysis (2019-2029)
3.1.1. Market Drivers Rising adoption of electric vehicles Growing demand to integrate child seats
3.1.2. Market Challenges Stringent government regulation
3.1.3. Market Opportunities Rising replacement of old buses Growing technological advancement
Chapter 4. Global Bus Seat Market Industry Analysis
4.1. Porter’s 5 Force Model
4.1.1. Bargaining Power of Suppliers
4.1.2. Bargaining Power of Buyers
4.1.3. Threat of New Entrants
4.1.4. Threat of Substitutes
4.1.5. Competitive Rivalry
4.2. Futuristic Approach to Porter’s 5 Force Model (2019-2029)
4.3. PEST Analysis
4.3.1. Political
4.3.2. Economical
4.3.3. Social
4.3.4. Technological
4.4. Top investment opportunity
4.5. Top winning strategies
4.6. Industry Experts Prospective
4.7. Analyst Recommendation & Conclusion
Chapter 5. Risk Assessment: COVID-19 Impact
5.1. Assessment of the overall impact of COVID-19 on the industry
5.2. Pre COVID-19 and post COVID-19 Market scenario
Chapter 6. Global Bus Seat Market, by Seat
6.1. Market Snapshot
6.2. Global Bus Seat Market by Seat, Performance – Potential Analysis
6.3. Global Bus Seat Market Estimates & Forecasts by Seat 2019-2029 (USD Billion)
6.4. Bus Seat Market, Sub Segment Analysis
6.4.1. Standard
6.4.2. Recliner
Chapter 7. Global Bus Seat Market, by Component
7.1. Market Snapshot
7.2. Global Bus Seat Market by Component, Performance – Potential Analysis
7.3. Global Bus Seat Market Estimates & Forecasts by Component 2019-2029 (USD Billion)
7.4. Bus Seat Market, Sub Segment Analysis
7.4.1. Frame
7.4.2. Upholstery
Chapter 8. Global Bus Seat Market, by Bus
8.1. Market Snapshot
8.2. Global Bus Seat Market by Bus, Performance – Potential Analysis
8.3. Global Bus Seat Market Estimates & Forecasts by Bus 2019-2029 (USD Billion)
8.4. Bus Seat Market, Sub Segment Analysis
8.4.1. Transit Bus
8.4.2. School Bus
8.4.3. Others
Chapter 9. Global Bus Seat Market, Regional Analysis
9.1. Bus Seat Market, Regional Market Snapshot
9.2. North America Bus Seat Market
9.2.1. U.S. Bus Seat Market Seat breakdown estimates & forecasts, 2019-2029 Component breakdown estimates & forecasts, 2019-2029 Bus breakdown estimates & forecasts, 2019-2029
9.2.2. Canada Bus Seat Market
9.3. Europe Bus Seat Market Snapshot
9.3.1. U.K. Bus Seat Market
9.3.2. Germany Bus Seat Market
9.3.3. France Bus Seat Market
9.3.4. Spain Bus Seat Market
9.3.5. Italy Bus Seat Market
9.3.6. Rest of Europe Bus Seat Market
9.4. Asia-Pacific Bus Seat Market Snapshot
9.4.1. China Bus Seat Market
9.4.2. India Bus Seat Market
9.4.3. Japan Bus Seat Market
9.4.4. Australia Bus Seat Market
9.4.5. South Korea Bus Seat Market
9.4.6. Rest of Asia Pacific Bus Seat Market
9.5. Latin America Bus Seat Market Snapshot
9.5.1. Brazil Bus Seat Market
9.5.2. Mexico Bus Seat Market
9.5.3. Rest of Latin America Bus Seat Market
9.6. Rest of The World Bus Seat Market

Chapter 10. Competitive Intelligence
10.1. Top Market Strategies
10.2. Company Profiles
10.2.1. TACHI-S Co. Ltd Key Information Overview Financial (Subject to Data Availability) Product Summary Recent Developments
10.2.2. Commercial Vehicle Group Inc.
10.2.3. Franz Kiel GmbH
10.2.4. Grammer AG
10.2.5. Freedman seating company
10.2.6. Harita Seating Company
10.2.7. Magna International Inc.
10.2.8. Toyota Boshoku Corporation
10.2.9. Prakash Seating Private Ltd
10.2.10. Lazzerini SRL
Chapter 11. Research Process
11.1. Research Process
11.1.1. Data Mining
11.1.2. Analysis
11.1.3. Market Estimation
11.1.4. Validation
11.1.5. Publishing
11.2. Research Attributes
11.3. Research Assumption

At Bizwit Research and Consultancy, we employ a thorough and iterative research methodology with the goal of minimizing discrepancies, ensuring the provision of highly accurate estimates and predictions over the forecast period. Our approach involves a combination of bottom-up and top-down strategies to effectively segment and estimate quantitative aspects of the market, utilizing our proprietary data & AI tools. Our Proprietary Tools allow us for the creation of customized models specific to the research objectives. This enables us to develop tailored statistical models and forecasting algorithms to estimate market trends, future growth, or consumer behavior. The customization enhances the accuracy and relevance of the research findings.
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Critical elements of methodology employed for all our studies include:
Data Collection:
To determine the appropriate methods of data collection based on the research objectives, we consider both primary and secondary sources. Primary data collection involves gathering information directly from various industry experts in core and related fields, original equipment manufacturers (OEMs), vendors, suppliers, technology developers, alliances, and organizations. These sources encompass all segments of the value chain within the specific industry. Through in-depth interviews, we engage with key industry participants, subject-matter experts, C-level executives of major market players, industry consultants, and other relevant experts. This allows us to obtain and validate critical qualitative and quantitative information while evaluating market prospects. AI and Big Data are instrumental in our primary research, providing us with powerful tools to collect, analyze, and derive insights from data efficiently. These technologies contribute to the advancement of research methodologies, enabling us to make data-driven decisions and uncover valuable findings.
In addition to primary sources, we extensively utilize secondary sources to enhance our research. These include directories, databases, journals focusing on related industries, company newsletters, and information portals such as Bloomberg, D&B Hoovers, and Factiva. These secondary sources enable us to identify and gather valuable information for our comprehensive, technical, market-oriented, and commercial study of the market. Additionally, we utilize AI algorithms to automate the collection of vast amounts of data from various sources such as surveys, social media platforms, online transactions, and web scraping. And employ Big Data technologies for storage and processing of large datasets, ensuring that no valuable information is missed during the data collection process.
Data Analysis:
Our team of experts carefully examine the gathered data using suitable statistical techniques and qualitative analysis methods. For quantitative analysis, we employ descriptive statistics, regression analysis, and other advanced statistical methods, depending on the characteristics of the data. This analysis may also incorporate the utilization of AI tools and big data analysis techniques to extract meaningful insights.
To ensure the accuracy and reliability of our findings, we extensively leverage data science techniques, which help us minimize discrepancies and uncertainties in our analysis. We employ Data Science to clean and preprocess the data, ensuring its quality and reliability. This involves handling missing data, removing outliers, standardizing variables, and transforming data into suitable formats for analysis. The application of data science techniques enhances our accuracy, efficiency, and depth of analysis, enabling us to stay competitive in dynamic market environments.
Market Size Estimation:
Our proprietary data tools play a crucial role in deriving our market estimates and forecasts. Each study involves the creation of a unique and customized model. The model incorporates the gathered information on market dynamics, technology landscape, application development, and pricing trends. AI techniques, such as machine learning and deep learning, aid us to analyze patterns within the data to identify correlations, trends, and relationships. By recognizing patterns in consumer behavior, purchasing habits, or market dynamics, our AI algorithms aid us in more precise estimations of market size. These factors are simultaneously analyzed within the model, allowing for a comprehensive assessment. To quantify their impact over the forecast period, correlation, regression, and time series analysis are employed.
To estimate and validate the market size, we employ both top-down and bottom-up approaches. The preference is given to a bottom-up approach, where key regional markets are analyzed as separate entities. This data is then integrated to obtain global estimates. This approach is crucial as it provides a deep understanding of the industry and helps minimize errors.
In our forecasting process, we consider various parameters such as economic tools, technological analysis, industry experience, and domain expertise. By taking all these factors into account, we strive to produce accurate and reliable market forecasts. When forecasting, we take into consideration several parameters, which include:
Market driving trends and favorable economic conditions
Restraints and challenges that are expected to be encountered during the forecast period.
Anticipated opportunities for growth and development
Technological advancements and projected developments in the market
Consumer spending trends and dynamics
Shifts in consumer preferences and behaviors.
The current state of raw materials and trends in supply versus pricing
Regulatory landscape and expected changes or developments.
The existing capacity in the market and any expected additions or expansions up to the end of the forecast period.
To assess the market impact of these parameters, we assign weights to each one and utilize weighted average analysis. This process allows us to quantify their influence on the market and derive an expected growth rate for the forecasted period. By considering these various factors and applying a weighted analysis approach, we strive to provide accurate and reliable market forecasts.
Insight Generation & Report Presentation:
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Next, we create a well-structured research report that effectively communicates the research findings, insights, and recommendations to the client. To enhance clarity and comprehension, we utilize visual aids such as charts, graphs, and tables. These visual elements are employed to present the data in an engaging and easily understandable format, ensuring that the information is accessible and visually appealing to the client. Our aim is to deliver a clear and concise report that conveys the research findings effectively and provides actionable recommendations to meet the client’s specific needs.

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