Press release
Train Seat Materials Market Poised to Rake at a value of US$ 2,541.4 Mn by 2024
Increasing rolling stock production is projected to drive the market demand for train seat materials over the forecast period. Furthermore, the increasing demand for high-speed trains in countries such as, China, Spain, and U.K. is expected to be a prominent driving factor for global train seat materials market over the forecast period.
However, the market growth is restrained by capital intensive nature of the rail industry. The various costs involved in the industry for rail services, infrastructure, and rail control is very high compared to other modes of transportation. The capital intensive nature of the rail industry is expected to be a prominent impediment in market growth. Moreover, various government regulations that restrict the use of certain foam materials is projected to be another prominent factor hampering the market growth.
Request Sample Report@ https://www.persistencemarketresearch.com/samples/12199
Persistence Market Research delivers key insights on the global train seat materials market in its latest report titled “Train seat materials market: Global Industry Analysis and Forecast, 2016–2024”.
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.
On the basis of material type, train seats cover market is segmented as fabric, vinyl, and leather. Fabric segment is slated to possess the dominant value share of 68.5% in 2015 and is anticipated to retain its dominance through the forecast period. The leather segment anticipated to witness a highest CAGR owing to its increasing preference over other material types in the global market.
Moreover, the train seats foam market is segmented based on foam types as polyurethane, silicone, polyester, and others. Among these segments, polyurethane is estimated to account for a dominating share of 68.5% in 2015. The segment is anticipated to register a CAGR of 5.3% over the forecast period. Moreover, silicone segment is slated to witness highest growth rates through the forecast period.
Download and View Report TOC, Figures and Tables @ https://www.persistencemarketresearch.com/market-research/train-seat-materials-market/toc
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.
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.
Report overview @ https://www.persistencemarketresearch.com/market-research/train-seat-materials-market.asp
About Us
Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.
To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.
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
Web: http://www.persistencemarketresearch.com
This release was published on openPR.
Permanent link to this press release:
Copy
Please set a link in the press area of your homepage to this press release on openPR. openPR disclaims liability for any content contained in this release.
You can edit or delete your press release Train Seat Materials Market Poised to Rake at a value of US$ 2,541.4 Mn by 2024 here
News-ID: 941170 • Views: …
More Releases from Persistence Market Research Pvt. Ltd
Innovative Rehabilitation Technologies Drive Growth in Stroke Rehabilitation Mar …
Stroke Rehabilitation Market Size
The global stroke rehabilitation market size was valued at US$ 266.4 million in 2021 and is expected to grow at a CAGR of 9% from 2022 to 2032. Revenue generated from the sales of stroke rehabilitation solutions will surge to US$ 679.6 Million by the end of 2032.
The growth of the market is being driven by the increasing incidence of strokes, the growing demand for innovative rehabilitation…
Launch of New Laser-Based Devices by Key Players Fueling Growth of Global Aesthe …
Market Study on Aesthetic Lasers
The aesthetic lasers market reached US$2.8 billion in global revenue in 2021, and it will continue to expand quickly, with a value CAGR of 6.4%, to reach US$5.5 billion by the end of 2032. The growth of the market is being driven by the increasing demand for minimally invasive cosmetic procedures, rising disposable income, technological advancements, and growing medical tourism.
Stay Ahead with Market Intelligence Get Free…
Predictive Insights for Precision Medicine: The Global Biosimulation Market is S …
Biosimulation Market Research
The Global Biosimulation Market Size was valued at USD 2.9 billion in 2022 and is expected to reach USD 10.0 billion by 2030, registering a CAGR of 16.9% during the forecast period. The growth of the biosimulation market is being driven by the increasing use of biosimulation in a variety of applications, such as drug discovery, clinical trials, and toxicity prediction.
Market Overview
The biosimulation market has experienced rapid growth…
Wheelchair and Components Market: Growing Demand for Lightweight and Smart Wheel …
Wheelchair and Components Market
The global wheelchair and components market is projected to reach USD 17.9 billion by 2033, at a CAGR of 3.7% from 2022-2033. The growth of the market is driven by the increasing prevalence of disabilities, the rising geriatric population, and technological advancements in wheelchair design and manufacturing.
Click Here to Get Free Sample Copy of this Report@ https://www.persistencemarketresearch.com/samples/12961
The global wheelchair and components market has witnessed significant growth in…
More Releases for Train
Train Door System Industry Forecast to 2028 Global Market Analysis By Product- E …
Train door systems are typically installed above the doors of passenger cars for opening and closing of the doors. These door systems protect the safety of the passengers, provide reliability, and have low maintenance. This door operated by a pneumatic system, electrical system, or manual. Growing urbanization, rapid development in the railway infrastructure are the major driving factor for the growth of the train door system market. Railway transportation is…
Positive Train Control Market: Information by Train Type (Metros & High-Speed Tr …
Positive Train Control System works on GPS and is used to prevent train collisions, derailment, and unauthorized train movement. The PTC system notifies the crew members when to slow down or stop the train using GPS, wireless radio, and computers.
Once all the stakeholders fully commit to implementing the PTC system, there are several benefits economic and in terms of safety. As per the Federal Railroad Association of the U.S., the…
Power Train And Power Train Parts Market Analysis Report | Future Prospects | Em …
New year, new updates! Our reports have been revised for market size, forecasts, and strategies to take on 2021 after the COVID-19 impact:
https://www.thebusinessresearchcompany.com/global-market-reports
The global power train and power train parts market is expected to grow from $577.95 billion in 2020 to $605.94 billion in 2021 at a compound annual growth rate (CAGR) of 4.8%. The growth is mainly due to the companies rearranging their operations and recovering from the…
U.S. Locomotives, Train And Train Cars Market 2019| Size, Trends, Prices, Trade, …
IndexBox has just published a new report, the U.S. Locomotives, Train And Train Cars Market. Analysis And Forecast to 2025
https://www.indexbox.io/store/us-locomotives-train-and-train-cars-market-analysis-and-forecast-to-2020
Here is a summary of the report's key findings.U.S.: Overview of the Market for Locomotives, Train And Train Cars 2019Market Size for Locomotives, Train And Train Cars in the USA
The revenue of the market of locomotives, train and train cars in the U.S. amounted to $X in 2018, going up…
Global Train Lighting
“Global Train Lighting Industry Report" is an expert and in-depth analysis of key business and future development prospects, key determinants and restrictions, profiles of major market players, segmentation and forecasting. In this report, the global Train Lighting market is valued at USD XX million in 2017 and is expected to reach USD XX million by the end of 2025, growing at a CAGR of XX% between 2017 and 2025.
You can…
Global Train Seat Market
Railways are the cheaper and convenient mode of transportation. Railway infrastructure contributes building the economic growth of the country. As an attractive alternative to road transport and air travel, railways are catering to the high comfort need of travelers. In order to curtail the traffic on the road transport, governments worldwide are focusing on increasing train transits i.e. the number, network and capacities which is one of the primary factors…
