Market Overview
Train seats are manufactured from different types of materials such as wool, leather, vinyl, fabric, and more. The train seats could be manufactured with padding or cushioning. The train seat foam material is generally silicone, polyurethane, polyester or other foams such as latex. Moreover, train seat covers are made from leather, vinyl, fabric, etc. Fabric materials used in train seats include velvets and soft cloths. Leather material comprises artificial and natural leather, while vinyl is a man-made synthetic material. Furthermore, there are different types of seats in the train installed such as regular seats, recliner seats, and folding seats. Generally, regular seats or also referred to as standard seats are installed in all types of trains, while recliner seats are more comfortable and installed in business class trains. Moreover, folding seats provide passengers extra room for standing when folded.
The global train seat materials market was valued for US$1,801.00 Mn in 2019 is expected to exhibit a CAGR of 5.4% during the forecast period.
Market Dynamics- Drivers
Growing investment in railway industry is expected to drive the production of rolling stocks and thereby boost the demand for train seat materials in the near future. This investment in railway industry is due to growing urbanization, energy scarcity, and concerns regarding, eco-friendly mode of transportation. Railway transportation is one of the most essential and effective modes of transportation for the economic development of a country. Moreover, trains facilitate faster mobility and efficient transportation in emerging economies where rampant urbanization is taking place. For instance, in November 2019, Rail Delivery Group (RDG), the U.K. launched a new investment program that will introduce 8,000 new carriages and over 11,300 extra services per week from 2020. Moreover, China is expected to add over 25,000 rail vehicle units to its rail network between 2015 and 2020. Thus, growing investment in railway industry is expected to drive the global train seat materials market during the forecast period.
The high-speed train industry is expected to witness exponential growth in the near future, owing to the ability of high-speed trains to cover comparatively longer distances in a relatively short period of time. This growth is expected to boost the demand for foam materials over the forecast period, in order to provide more comfort and luxury to customers. Moreover, according to Coherent Market Insights’ analysis, the number of high-speed in countries they are being operated is expected to get doubled in the near future. Asia and Europe are expected to witness higher demand for foam due to relatively higher investments on high-speed train rolling stocks over the forecast period. Hence, these factors are expected to support the market growth in the near future.
North America region dominated the global train seat material market market in 2019, accounting for 34.7% share in terms of value, followed by Asia-Pacific and North America, respectively
Source: Coherent Market Insights
Market Dynamics- Restraints
Railway industry is considered as pioneering for economic development of a country. However, high capital investment is required to develop sustainable infrastructure. The prominent costs involved in the industry are rail services, rolling stocks, infrastructure, and rail control. Such high capital costs restrain growth of the railway industry in countries with low population density such as Argentina, Canada, and Brazil. Thus, such high capital investment and limited growth of railway industry in emerging economies are expected to restrain growth of the global train seat materials market in the near future.
Apart from comfort and luxury, operators are expected to ensure safety of passengers in the rail transportation. Thus, before installation, train seat materials have to pass certain fire safety regulations in order to ensure fire safety in passenger rail transportation. In Europe, laws such as EN45545-2 and BS6853 restrict the use of polyester material in train seats. Hence, stringent regulatory policies in North America and Europe are expected to hamper the market growth over the forecast period.
Market Opportunities
Government of various countries is focused on introducing new trains, high-speed trains, etc. in order to facilitate high-speed commute to passengers. Market players can capitalize on this by providing comfortable and lasting seats to new trains and enhance their global market presence. For instance, in May 2017, Indian Railways of the Government of India launched Tejas Express, which was the first-semi-high speed fully air-conditioned train.
Growing safety concerns among passengers while traveling in the high-speed trains has increased the demand for advanced seats with ample safety measures involved. Market players can offer novel seat materials that can offer combination of comfort, luxury, and safety and gain competitive edge in the global market.
Source: Coherent Market Insights
Market Trends
Train operator companies are focused on bringing more comfort and luxury in trains, in order to attract more passengers, especially flight passengers. Hence, train seat manufacturers are providing more luxurious seats by using high-quality material with more cushioning in their seat products. Moreover, airline seat manufacturers are entering the market to compete with leading train seat manufacturers. For instance, Perrone Aerospace, a key manufacturer for the airline industry, has established a new company to provide railway seating in high-speed railways.
Regulatory norms regarding fire safety in Europe such as fire testing of materials and components for trains such as EN45545 by the European Union and British Standard BS6853 restrict the use of polyester foam and curtain fabrics in seat upholstery. As a result of this, manufacturers are shifting towards leather materials from conventional train seat fabric. Furthermore, leather train seats are considered to be more hygienic, ergonomic, and aesthetically appealing.
Segment information:
In global train seats materials market, by type segment, local passenger train dominated the global market in 2019, accounting for 36.0% share in terms of value.
Source: Coherent Market Insights
Value Chain Analysis
Competitive Section
Key players operating 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.
Key Developments
Train seats are made up of different types of materials such as wool, leather, vinyl, fabric, and more. Fabric materials used in train seats include velvets and soft cloths. There are different types of seats in the train installed such as regular seats, recliner seats, and folding seats. Generally, regular seats or also referred to as standard seats are installed in all types of trains, while recliner seats are more comfortable and installed in business class trains. Moreover, folding seats provide passengers extra room for standing when folded. Railway industries have lower impact on the environment as compared to the other modes of transportation due to low energy consumption. Trains are equipped with high passenger safety which increases the demand of this market. Various companies around the world provide high quality seat fabrics for trains, underground trains, tramways, etc.
Market Dynamics
Increasing government investment is the major factor driving the growth of global train seat material market. With this investment the transportation across the world becoming faster and convenient. Increasing safety among passenger is also driving the demand of this market. This investment in railway industry is due to growing urbanization, energy scarcity, and concerns regarding, eco-friendly mode of transportation .economic growth of the company is increasing and provides convenient mode of transportation for long period of time. The distance between cities is minimized and also increases productivity of the business by providing convenient way of transportation. For instance, in November 2019, Rail Delivery Group (RDG), the U.K. launched a new investment program that will provides 8,000 new carriages and over 11,300 extra services per week from 2020. Moreover, China is expected to add over 25,000 rail vehicle units to its rail network between 2015 and 2020. Thus, growing investment in railway industry is expected to drive the global train seat materials market during the forecast period.
Increasing demand for high speed trains is expected to drive the growth of global train seat material market. Growing urbanization and disposable income in the developed countries is driving the demand of this market. The high-speed rail industry is growing due to the capability of high-speed trains which cover longer distances in a short period of time. Various countries around the world operate high-speed rails or popularly called ‘Bullet Train’. For instance, Lanxin High-Speed Rail Line, China is a high-speed is a 172 Km high-speed rail network in Spain. Hence, increased demand for high-speed trains is expected to propel the global train seat materials market growth during the forecast period.
Market Taxonomy
This report segments the global train seat materials market on the basis of by material type, by foam type, by train type, by seat type and region. On the basis of material type, the global train seat materials market is segmented into fabric, vinyl and leather. On the basis of foam type, global train seat materials market is segmented into Polyurethane, Silicone, Polyester and Others. On the basis of train type, global train seat materials market is segmented into high-speed, general passenger, local passenger, metros and light rail vehicle. On the basis of seat type, global train seat materials market is segmented into regular, recliner, folding and other. On the basis of region, global train seat materials market is segmented into North America, Latin America, Europe, APAC, Middle East and Africa.
Key features of the study:
Detailed Segmentation:
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