Train Seat Materials Market Expected to Touch US$ 2,541.4 Million by 2024

Train seat materials comprise of materials such as foam, used for padding or cushioning of train seats and seat covers which covers the padding in order to protect the padding from dust, stains and daily wear and tear.

Request to view Table of Content @ http://www.persistencemarketresearch.com/market-research/train-seat-materials-market/toc

Global train seat materials market was valued at US$ 1,613.8 Mn in 2015 and is anticipated to expand at a CAGR of 5.3% over the forecast period (2016–2024).

Market dynamics

Increasing investment in railway industry driven by rising urbanization, growing concerns for eco-friendly mode of transportation and energy scarcity will boost rolling stock production in near future. The increasing rolling stock production is anticipated to drive the global train seat materials market over the forecast period. Moreover, increasing demand for high-speed trains across the globe will be a prominent factor driving the train seat materials market. The increasing demand for high-speed trains is expected to specifically drive the market for train seat foams, as more amount of cushioning is provided in high-speed trains in order to provide more comfort and luxury to passengers.

However, the costs involved in the industry for railway services, rolling stock, infrastructure, and rail control contribute to the amount of investment required which is extremely high as compared to other modes of transportation. The capital intensive nature of railway industry is anticipated to be a major impediment in market growth. Moreover, in order to ensure the rail passenger safety from fire and other fatalities, governments have imposed regulations which restricts the use of certain foam materials. Such government regulations can also hinder market growth over the forecast period.

Segment analysis

On the basis of material type, the global train seats cover market is segmented into fabric, vinyl, and leather. The fabric segment accounted for a major value share of 68.5% in 2015. This segment is expected to retain its dominance owing to increasing preference of fabric over vinyl seats covers. Among all the segments, leather segment is expected to be the fastest growing segment owing to increasing demand of leather seats in high-speed trains and increasing regulations on vinyl and some fabric seats covers.

Moreover, the train seat foam market is segmented on the basis of foam type into polyurethane, polyester, silicone, and others. The Polyurethane segment accounted for a major share of 74.8% in 2015. The segment is projected to register a moderate CAGR and expected to be the dominant segment throughout the forecast period. The silicone segment is estimated to account for a significant share of 13.1% in 2015 and projected to witness highest growth rates during the forecast period. Increasing competition for providing airline luxury among OEMs is anticipated to drive the silicone seat foam segment over the forecast period.

Sample of this report is available upon request @ http://www.persistencemarketresearch.com/samples/12199

Regional analysis

On the basis of key regions, the global train seats materials market has been segmented into North America, Latin America, Europe, Asia Pacific, and the Middle East & Africa. Europe accounted for the largest share of 35% in 2015. The European market is expected to retain its dominance during the forecast period. The dominant market share of Europe market is attributed to the high rolling stock production in the region. The Asia Pacific train seat materials market is anticipated to witness highest growth rates owing to large number of high-speed and other upcoming rail projects in the region.

To Buy Full Report for a Single User @ http://www.persistencemarketresearch.com/checkout/12199

Key market players

Some of the key players identified in the train seat materials market are Magna International Inc., Grammar AG, Freedman Seating CO, Franz Kiel GmbH, Compin–Fainsa, Fisa srl, Rojac Urethane Limited, Kustom Seating Unlimited, Inc., Rescroft Ltd., Fenix Group, LLC, FlexoFoam Pvt. Ltd, iFoam Ltd., Delimajaya Group, Transcal Company, USSC Group, Inc. Most of the manufacturers are focusing on research and development in order to provide products that comply with the government fire regulations.

About Us

Persistence Market Research (PMR) is a full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. PMR boasts market research expertise across the Healthcare, Chemicals and Materials, Technology and Media, Energy and Mining, Food and Beverages, Semiconductor and Electronics, Consumer Goods, and Shipping and Transportation industries. The company draws from its multi-disciplinary capabilities and high-pedigree team of analysts to share data that precisely corresponds to clients’ business needs.

PMR stands committed to bringing more accuracy and speed to clients’ business decisions. From ready-to-purchase market research reports to customized research solutions, PMR’s engagement models are highly flexible without compromising on its deep-seated research values.

Contact Us

Persistence Market Research
305 Broadway
7th Floor, New York City,
NY 10007, United States,
USA - Canada Toll Free: 800-961-0353
Email: sales@persistencemarketresearch.com
media@persistencemarketresearch.com
Web: www.persistencemarketresearch.com

This release was published on openPR.