(MENAFN- Ameliorate Digital Consultancy)
The global train seat material market is anticipated to reach a market size of roughly US$ 268.8 Mn by 2033, up from an estimated 2023 value of US$ 168.2 Mn.
Due to rising demand from the railroad industry, the train seat materials market is anticipated to experience significant year-over-year expansion, particularly in East Asia and South Asia Pacific. By market value, East Asia will control 23% of the market by 2033, predicts PMR.
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Key Takeaways from Market Study
The fabric segment is expected to remain prominent owing to easy availability, cost-effectiveness, and easy processing. High speed trains are anticipated to remain one of the fastest-growing segments for the consumption of train seat materials, due to massive investments done across various nations for the establishment of these systems. Recliner seats are expected to remain one of the key type for train seat materials, since recliner seats consume more seat cover and foam material for their production. East Asia is estimated to remain one of the fastest-growing regions on the back of strengthening of suburban transit railway routes in Japan and South Korea, along with long distance railway network being developed by Mainland China to Russia, North Korea, and Tibet.
“Demand for train seat materials is projected to witness strong growth during the forecast period owing to the introduction of various new trains, suburban metros, mass rapid transit systems, high speed rails, and several new coaches in existing fleets,” says a Persistence Market Research analyst.
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Market Landscape Identified to Be Fairly Fragmented
The train seat materials market is expected to be fragmented at the global as well as regional levels. Some of the leading market participants included in this report are Magna International Inc., Grammer AG, Freedman Seating Company, Franz Kiel GmbH, Compin-Fiansa, FISA srl, Kustom Seating Unlimited, Inc., Rescroft Ltd. ELeather, Flexo Foam Pvt. Ltd., Delimajaya Group, iFOAM Ltd., Transcal Company, Rojac Urethane Limited, and United Safety & Survivability Corp., which account for a fair share in the market. To increase market footprint, key players are focusing on research and innovation for the development of products. Further, key players are focusing on collaborations with railway operators to enter into long-term agreements so as to increase the sales of their products.
Conclusion
Demand for train seat materials is projected to grow at a substantial rate over the coming years owing to increasing demand from the railway sector due to the introduction of several new trains, high speed trains, metros, mass rapid transits, and railway coaches. Polyurethane foam is estimated to account for a significant share of the market. East Asia is projected to remain one of the fastest-growing markets across the globe, especially due to significant development in infrastructure and increasing connectivity between various parts by the railway network in China.
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Persistence Market Research is a U.S.-based full-service market intelligence firm specializing in syndicated research, custom research, and consulting services. Persistence Market Research 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.
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