Press Release

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.

*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.

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