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Train-seat materials market expected to hit $1.7 billion

November 28th, 2016 / By: / Industry News

Increasing environmental concerns pertaining to greenhouse gas emissions by various modes of transport and increasing demand for high-speed trains in Europe and Chine are expected to drive the global train-seat materials market value to $1.7 billion by the end of 2016.

According to a report, “Global Market Study on Train Seat Materials: Fabric Material Type Segment Anticipated to Remain Dominant Through 2024,” by Persistence Market Research, based in New York City, the figure represents a year-to-year growth of 4.1 percent over 2015.

The market for train-seat covering is segmented as fabric, vinyl and leather. Fabric is slated to possess the dominant value share of 68.5 percent in 2015 and is anticipated to retain its dominance through the forecast period. The leather segment anticipated to witness the highest compound annual growth rate owing to its increasing preference over other material types in the global market.

Moreover, the train-seats foam market is segmented based on foam types as polyurethane, silicone, polyester and others. Among these segments, polyurethane is estimated to account for a dominating share of 68.5 percent in 2015. Moreover, silicone segment is slated to witness highest growth rates.