The report tracks the latest trends in the industry and studies their impact on the overall market. It also assesses the market dynamics, covering the key demand and price indicators, along with analysing the market based on the SWOT and Porter’s Five Forces models.
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The key highlights of the report include:
Market Overview (2016-2026)
• Forecast CAGR (2021-2026): 5%
The train seat materials industry is being propelled by the developments of new railway networks and enhancing the existing ones to improve efficiency and sustainability across the globe. In addition, the industry is boosted by the rising demand for public transport that is promoting the rapid development of railway infrastructure. Further, the increasing investments in the industry are aiding market growth. Moreover, the market is also positively influenced by the robust urbanisation and increasing preference for eco-friendly transportation mode. Additionally, the growing demand for swifter mobility is bolstering the market growth of train seat materials.
Industry Definition and Major Segments
Train seat materials are referred to those materials that compose the train seat, such as leather, wool, or fabric, etc. They could either be made of padding or cushioning. Usually, train seat foam materials include silicone, polyester, polyurethane, or latex.
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Based on train type, the market is divided into:
• High Speed Train
• General Passenger Train
• Local Passenger Train
On the basis of seat, the industry can be segmented into:
• Regular Seats
• Recliner Seats
• Folding Seats
• Dining Seat
• Smart Seat
By material, the industry is categorised into:
Based on foam, the industry is segregated into:
The regional markets for the product include:
1 North America
1.1 United States of America
2.2 United Kingdom
3 Asia Pacific
4 Latin America
5 Middle East & Africa
5.1 Saudi Arabia
5.2 United Arab Emirates
5.4 South Africa
The train seat materials industry is driven by the rising demand for high speed rail networks. Further, the stringent fire safety rules in Europe, like fire testing of materials and components of trains, are boosting the demand for leather, consequently enhancing the market growth for train seat materials. Also, the demand for leather is further growing as it is more hygienic, aesthetically appealing, and ergonomic, as a result, invigorating the growth of the train seat materials industry. As manufacturers are opting for leather as opposed to conventional train seat fabrics, the market for train seat materials is expected to accelerate over the forecast period.
Key Market Players
The major players in the market are GRAMMER AG, Magna International, Inc., Freedman Seating Company, Franz Kiel GmbH, FISA Fabbrica Italiana Sedili Autoferroviari Srl, Camira Fabrics Ltd, among others. The report covers the market shares, capacities, plant turnarounds, expansions, investments and mergers and acquisitions, among other latest developments of these market players.
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Note 2: As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.
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