Global Train Seat Materials market was valued at US$ 1,960.0 Million in 2022, and is projected to reach US$ 2,909.6 Million by 2030, exhibiting a CAGR of 5.2% over the forecast period (2023-2030). According to Global Train Seat Materials Market Report, " By Material Type (Fabric, Vinyl and Leather), By Foam Type (Polyurethane, Silicone, Polyester and Others), By Train Type (High-Speed, General Passenger, Local Passenger, Metros and Light Rail Vehicle), By Seat Type (Regular, Recliner, Folding and Other), and By Region”
Material like wool, leather, vinyl, fabric, and other are among those used to make train seats. Velvets and soft textiles are among the fabric types utilized in railway seats. The train is equipped with a variety of seats, including conventional, reclining, and folding ones. All types of trains often have conventional seats, also known as standard seats, while business class trains typically have recliners since they are more comfortable. Additionally, when folded, folding seats give users more space for standing. Due to its low energy consumption, the railway industry has a smaller environmental impact than other types of transportation. The high level of passenger safety provided by trains boosts demand in this market. Numerous businesses. The companies operating in the train seat materials market are increasingly focused on developing synthetic material for use in train seat and seat covers. The introduction of new trains in response to the rising demand for railway services is expected to lead the market growth of global train seat materials market during the forecast period.
Global Train Seat Materials Market- Drivers
Increasing demand for high-speed trains globally is expected to boost the global train seat materials market growth over the forecast period:
The rail network is getting increasingly sophisticated with the changing times. The adoption of railways is not merely restricted to the daily commutes and short journeys, but their scope has expanded to assist in the tourism sector and travel made with the purpose of business. The introduction of high-speed trains that provide a faster alternative along with comfort to the travelers is leading the way for the train seat materials market to grow. For instance, in December 2022, Siemens Mobility, a subsidiary of Germany based multinational conglomerate delivering technological solutions, announced that the company would deliver 90 Valero High Speed Trains (ICE3neo) for German rail network also referred to as Deutsche Bahn.
Global Train Seat Materials Market- Restraints
Deficiency of capital investment in the railway infrastructure in emerging economies:
The railways constitute a major mode of public transport in majority of the developing economies. Despite the increasing demand for the railways in such countries these countries are unable to attract enough investment in the sector to provide better service to the travelers. Some of the nations with insufficient funding for railway projects are emerging economies like Malaysia, Argentina, Brazil, and Columbia. High-speed train projects take a lot of money to develop. The above-mentioned countries' insufficient capital investments have caused high-speed train projects to be postponed; as a result, the forecasted expansion of the global market for train seat materials is anticipated to be constrained. For instance, according to a report published by World Bank, despite providing an efficient and environment friendly alternative for public transportation, railways are constitute a shrinking share in transport infrastructure of several developing economies such as the countries in the African region and certain parts of Middle-east Asia.
Global Train Seat Materials Market- Key Developments
On January 2020, Franz Kiel GmBH, a German based manufacturer of seating systems for commercial vehicles and public transport including bus and train, completed the procedure to develop a strategic alliance with Kustom Seating LLC, a U.S. based supplier of passenger seats to public transportation systems. The strategic alliance would focus on design, manufacturing and distribution of passenger seats in the region of North America.
On June 14, 2023, Mobility Solutions Limited, an India based manufacturer of different components used in trains such as seats, windows, sidewalls, etc. announced that the company has been awarded a contract valued at US$ 12.19 million by the Government of India for delivering various components used in the new high-speed train named, ‘Vande Bharat Express’.
Global Train Seat Materials Market- Impact of COVID-19
The COVID-19 pandemic resulted in the contraction of the global train seat materials market due to the stagnancy in demand for railway services and consequent stoppage of manufacturing activities. As a result, the ancillary units dependent on the railway sector experienced the negative impact. The rollout stock manufacturing industry is highly capital intensive and the stagnancy in the operations during the covid-19 pandemic has severely affected the market. As the effects of the pandemic started to ease and the market started gaining momentum, the market players were focused on developing solutions that provide comfort and safety to the travelers. The development of seats using improved foaming material along with the capabilities such as rotating and reclining seats have led to the resurgence of the global train seat materials market after the pandemic period.
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Key Trends and Analysis of the Global Train Seat Materials market:
- General Passenger segment held a dominant position in 2022 and is projected to retain its dominance throughout the forecast period. The increase in the number of travelers that make use of the trains for short as well as long distance journeys due to their cost-effectiveness and convenience is expected to lead the growth of the segment during the forecast period.
- Asia Pacific held a dominant position in the Global Train Seat Materials market in 2022 and is expected to maintain its dominance during the forecast period, owing to the vast rail network and huge demand for rail services.
- Asia Pacific Train Seat Materials market is projected to exhibit the highest CAGR during 2023–2030. The government in the region is highly focused on launching new trains for shuttle services as well as medium and long distance journeys.
- Europe is also expected to show significant growth during the forecast period, owing to increasing demand for advanced automobile solutions.
- Some of the major players in the Global Train Seat Materials market are Rescroft Ltd., USSC Group, Inc., Magna International, Inc., Rojac Urethane Limited, GRAMMER AG, TransCal, Freedman Seating Co., Delimajaya Group, Franz Kiel GmbH, iFoam Ltd., Compin-Fainsa, FlexoFoam Pvt. Ltd., FISA Srl, FENIX Group, LLC, and Kustom Seating Unlimited, Inc. and Others.
