Train Seat Materials Market Analysis and Forecast 2020: By Keyplayers Rescroft Ltd., USSC Group, Inc., Magna International, Inc., Rojac Urethane Limited, GRAMMER AG, TransCal, Freedman Seating Co., Delimajaya Group, Franz Kiel GmbH, iFoam Ltd., Compin-Fai

Market Overview

Train seats are manufactured from different types of materials such as wool, leather, vinyl, fabric, and more. The train seats could be manufactured with padding or cushioning. The train seat foam material is generally silicone, polyurethane, polyester or other foams such as latex. Moreover, train seat covers are made from leather, vinyl, fabric, etc. Fabric materials used in train seats include velvets and soft cloths. Leather material comprises artificial and natural leather, while vinyl is a man-made synthetic material. Furthermore, there are different types of seats in the train installed such as regular seats, recliner seats, and folding seats. Generally, regular seats or also referred to as standard seats are installed in all types of trains, while recliner seats are more comfortable and installed in business class trains. Moreover, folding seats provide passengers extra room for standing when folded.

The global train seat materials market was valued for US$1,801.00  Mn in 2019 is expected to exhibit a CAGR of 5.4% during the forecast period.

Competitive Section

Key players operating in the global train seat materials market are Rescroft Ltd., USSC Group, Inc., Magna International, Inc., Rojac Urethane Limited, GRAMMER AG, TransCal, Freedman Seating Co., Delimajaya Group, Franz Kiel GmbH, iFoam Ltd., Compin-Fainsa, FlexoFoam Pvt. Ltd., FISA Srl, FENIX Group, LLC, and Kustom Seating Unlimited, Inc.

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Market Dynamics- Drivers

1. Increasing investment in railway industry is expected to drive growth of the global train seat materials market during the forecast period
Growing investment in railway industry is expected to drive the production of rolling stocks and thereby boost the demand for train seat materials in the near future. This investment in railway industry is due to growing urbanization, energy scarcity, and concerns regarding, eco-friendly mode of transportation. Railway transportation is one of the most essential and effective modes of transportation for the economic development of a country. Moreover, trains facilitate faster mobility and efficient transportation in emerging economies where rampant urbanization is taking place. For instance, in November 2019, Rail Delivery Group (RDG), the U.K. launched a new investment program that will introduce 8,000 new carriages and over 11,300 extra services per week from 2020. Moreover, China is expected to add over 25,000 rail vehicle units to its rail network between 2015 and 2020. Thus, growing investment in railway industry is expected to drive the global train seat materials market during the forecast period.

2. Growing demand for high-speed trains is expected to propel the global train seat materials market growth over the forecast period

The high-speed train industry is expected to witness exponential growth in the near future, owing to the ability of high-speed trains to cover comparatively longer distances in a relatively short period of time. This growth is expected to boost the demand for foam materials over the forecast period, in order to provide more comfort and luxury to customers. Moreover, according to Coherent Market Insights’ analysis, the number of high-speed in countries they are being operated is expected to get doubled in the near future. Asia and Europe are expected to witness higher demand for foam due to relatively higher investments on high-speed train rolling stocks over the forecast period. Hence, these factors are expected to support the market growth in the near future.

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Market Opportunities

1. Introduction of new trains can present lucrative growth opportunities during the forecast period

Government of various countries is focused on introducing new trains, high-speed trains, etc. in order to facilitate high-speed commute to passengers. Market players can capitalize on this by providing comfortable and lasting seats to new trains and enhance their global market presence. For instance, in May 2017, Indian Railways of the Government of India launched Tejas Express, which was the first-semi-high speed fully air-conditioned train.
2. Growing preference for safety among passengers is expected to provide major business opportunities in the near future

Growing safety concerns among passengers while traveling in the high-speed trains has increased the demand for advanced seats with ample safety measures involved. Market players can offer novel seat materials that can offer combination of comfort, luxury, and safety and gain competitive edge in the global market.

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Market Trends

1. Growing completion among manufacturers to provide airline luxury in train seats

Train operator companies are focused on bringing more comfort and luxury in trains, in order to attract more passengers, especially flight passengers. Hence, train seat manufacturers are providing more luxurious seats by using high-quality material with more cushioning in their seat products. Moreover, airline seat manufacturers are entering the market to compete with leading train seat manufacturers. For instance, Perrone Aerospace, a key manufacturer for the airline industry, has established a new company to provide railway seating in high-speed railways.

2. Suppliers shifting towards leather seats to meet fire safety regulations

Regulatory norms regarding fire safety in Europe such as fire testing of materials and components for trains such as EN45545 by the European Union and British Standard BS6853 restrict the use of polyester foam and curtain fabrics in seat upholstery. As a result of this, manufacturers are shifting towards leather materials from conventional train seat fabric. Furthermore, leather train seats are considered to be more hygienic, ergonomic, and aesthetically appealing.

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This release was published on openPR.