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Train Seat Materials Market Accounting for US$ 2,541.4 Mn by 2024 end

Train Seat Materials Market Accounting for US$ 2,541.4 Mn by 2024

Global sales of train seat materials is estimated to be valued at US$ 1,680.1 Mn by 2016 end, witnessing a Y-o-Y growth of 4.1% over 2015. The global train seat materials market is projected to reach US$ 2,541.4 Mn by 2024 end expanding at a CAGR of 5.3% during the forecast period (2016–2024). Europe is estimated to account for market value share of 35.1% in the global train seat materials market by 2016 end, and is projected to retain its dominance through the forecast period.

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Europe is projected to dominate global train seat materials market during the forecast period. Europe is slated to account for 35.0% of the overall market in 2015. Asia pacific is anticipated to account for a major share after Europe train seat materials market and is projected to witness a CAGR of 6.2% over the forecast period. Asia pacific along with Middle East & Africa is projected to witness higher growth rates during the forecast period. A relatively slow pace of growth is anticipated to be witnessed by North America train seat materials market over the forecast period.

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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.

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