Press Release

As the novel coronavirus (COVID-19) continues to spread across the world, our analysts are constantly tracking the impact of this rapidly evolving situation on the markets and the consumer purchase behaviours. Thus, our latest estimates and analysis about the current market trends and forecast will exhaustively reflect the effects of this emerging pandemic.

Global Train Seat Materials Market Expected to Grow at a CAGR of 5% by 2026, Driven by the Introduction of New Trains

According to a new report by EMR titled, 'Global Train seat materials Market Report and Forecast 2021-2026', the global market for train seat materials is expected to grow at a CAGR of 5% in the forecast period of 2021-2026.

The market growth of train seat materials is expected to be driven by the lucrative growth opportunities provided by the introduction of new trains over the forecast period. The government of many countries is dedicated to introducing new trains and high-speed trains, among others, so as to meet the rising demand for high-speed railways. Further, several manufacturers are focused on providing comfortable and durable seats to new trains, consequently boosting their global market presence. In addition to this, the rising preference for safety among passengers is predicted to offer major business opportunities over the forecast period, consequently fueling the market growth of train seat materials.

The market is further influenced by the healthy competition among the key players of the train seat materials industry, like GRAMMER AG (ETR: GMM) and Magna International, Inc. In January 2020, Grammer AG, a specialist in commercial vehicle seats, came into a broad-based contract for the supply of passenger seats for the following generation of French high-speed trains being assembled by Alstom, a train manufacturer. As the passenger seats will require new train seat materials, this is expected to aid the market growth of train seat materials over the forecast period.

Market Analysis by Train Type, Seat, Material, Foam, and Region:

  • The train seat materials industry, on the basis of tarin type, is divided into high speed train, general passenger train, local passenger train, tram, and monorail, among others.
  • On the basis of seat, the industry is segmented into regular seats, recliner seats, folding seats, dining seat, smart seat, among others.
  • Based on material, the industry is categorised into fabric, vinyl, and leather, among others.
  • By foam, the industry is segregated into polyurethane, silicone, polyester, among others.
  • Regionally, the market is divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.

Key Findings of the Report:

  • The global market for train seat materials is driven by the growing demand for faster railway networks.
  • The market for train seat materials is boosted by the establishment of new railway networks and the upgradation of existing ones, which will further enhance efficiency and sustainability across the globe.
  • The rising demand for public transport is bolstering the rapid development of railway infrastructure, further aiding the train seat materials industry.
  • The market for train seat materials is further propelled by the growing investments in the industry. 

Key Offerings of the Report:

  • The EMR report gives an overview of the global market for train seat materials for the periods (2016-2020) and (2021-2026).
  • The report also offers the historical (2016-2020) and forecast (2021-2026) markets for the train type, seat, material, foam, and major regions of train seat materials. 
  • The report analyses the market dynamics, covering the key demand and price indicators in the market, along with providing an assessment of the SWOT and Porter’s Five Forces models.

GRAMMER AG, Magna International, Inc., Freedman Seating Company, Franz Kiel GmbH, FISA Fabbrica Italiana Sedili Autoferroviari Srl,  Camira Fabrics Ltd, among others are the key players in the global train seat materials market. The EMR report looks into the capacity, market share, and latest developments of these major players like plant turnarounds, mergers and acquisitions, and capacity expansions.

About Us:

Expert Market Research (EMR) is a leading market research and business intelligence company, ensuring its clients remain at the vanguard of their industries by providing them with exhaustive and actionable market data through its syndicated and custom market reports, covering over 15 major industry domains. The company's expansive and ever-growing database of reports, which are constantly updated, includes reports from industry verticals like chemicals and materials, food and beverages, energy and mining, technology and media, consumer goods, pharmaceuticals, agriculture, and packaging.

EMR leverages its state-of-the-art technological and analytical tools, along with the expertise of its highly skilled team of over a 100 analysts and more than 3000 consultants, to help its clients, ranging from Fortune 1000 companies to small and medium sized enterprises, easily grasp the expansive industry data and help them in formulating market and business strategies, which ensure that they remain ahead of the curve.

Contact Us:

Expert Market Research
Website: www.expertmarketresearch.com
Email: sales@expertmarketresearch.com
US & Canada Phone no: +1-415-325-5166
UK Phone no: +44-702-402-5790

Why Expert Market Research?

RIGHT PEOPLE

We are technically excellent, strategic, practical, experienced and efficient; our analysts are hand-picked based on having the right attributes to work successfully and execute projects based on your expectations.

RIGHT METHODOLOGY

We leverage our cutting-edge technology, our access to trusted databases, and our knowledge of the current models used in the market to deliver you research solutions that are tailored to your needs and put you ahead of the curve.

RIGHT PRICE

We deliver in-depth and superior quality research in prices that are reasonable, unmatchable, and shows our understanding of your resource structure. We, additionally, offer attractive discounts on our upcoming reports.

RIGHT SUPPORT

Our team of expert analysts are at your beck and call to deliver you optimum results that are customised to meet your precise needs within the specified timeframe and help you form a better understanding of the industry.

Similar Reports

Global Auto Dimming Mirror Market Report and Forecast 2021-2026


Global Electric Cargo Bikes Market Report and Forecast 2021-2026


Global Marine Engines Market Report and Forecast 2021-2026


Global Motor Graders Market Report and Forecast 2021-2026


Global Switchgear Market Report and Forecast 2021-2026


NEWSLETTER