The COVID-19 pandemic has caused supply and manufacturing disruptions in the automotive sector creating uncertainties in every aspect. The change in customer behavior in terms of mobility preferences during this crisis is changing the automotive landscape.
This pandemic situation has shut down many production lines owing to the trade restrictions and closed borders, creating a shortage in required parts and limiting the distribution of supplies. Different enforced measures including the closing of workspaces and dismissal of short-time workers have created a depression in the growth rate of the automotive industry.
The growing fear of recession is estimated to decrease overall sales and revenue. A limited supply of parts coupled with a reduced workforce has forced the leading OEMs to shut down their production. A significant drop in demand has restricted the cash inflow which is highly important in payment of salaries to the workforce. With growing uncertainties around the COVID-19 pandemic, the industry leaders are taking measures to adapt to the situation.
Global railway authorities are promoting rail transport as the first choice of customers. In order to meet operators’ requirements, train seat manufacturing companies are providing luxurious seats by using high-quality train seat materials with more cushioning. In 2019, the global train seat materials market revenue is projected to be valued at ~US$ 1.8 Bn.
Key Takeaways of the Train Seat Materials Market Study
- Railway authorities are focusing on inclusion of new seat materials such as leather to improve durability, comfort, and fire-resistance of train seats.
- Leather train seats are considered to be more hygienic, ergonomic, and aesthetically-appealing as compared to other materials.
- High speed trains – an innovative rail transport system – have been garnering significant traction over airlines and long-distance bus services in terms of infrastructure, interior design, and maintenance. This is expected to lead to increasing demand for high-quality train seat materials.
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- Comfort and luxury will remain key parameters in innovative train seat materials.
- Asia Pacific continues to be a lucrative market for stakeholders, owing to growing modernization of railway operations and presence of largest rail networks in the region.
“Durability, low maintenance, chemical and stain resistance have been the important attributes of train seat materials. Manufacturers are further expected to extend their focus to design aesthetics of train seat materials, which would create a range of innovation opportunities in the near future,” says PMR analyst.
Manufacturers are focusing on introducing new materials that outperform conventional fabrics and provide exceptional properties. The train seat materials market growth is mainly driven by the development of rail networks across the globe. In the past few years, demand for unique train seat materials has been increasing to provide more comfort and luxury in trains, and enable designing of train seats similar to airline seats.
Inorganic growth strategies including merger & acquisition of companies operating in the related industry remain a key focus area of leading players in the train seat materials market. For instance, in October 2018, Magna International, Inc. opened its seating business and facility with BMW Group.
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Key Insights on Train Seat Materials Market
Persistence Market Research, in its new report, brings to fore an in-depth analysis of the global train seat materials market, offering comprehensive information with historical demand data for 2014-2018 and forecast statistics for 2019-2029. The research study offers insightful aspects on the global train seat materials market based on various categories – seat cover material (fabric, vinyl, and leather), foam (polyurethane, silicone, polyester, and others), train (high-speed trains, general passenger trains, and local passenger trains), and seat (regular seat, recliner seat, folding seats, and others) across five major regions.
Top Kay Players:
- Magna International, Inc.
- GRAMMER AG
- Freedman Seating Co.
- Franz Kiel GmbH
- Compin-Fainsa
- FISA Srl
- Kustom Seating Unlimited, Inc.
- Rescroft Ltd.
- FENIX Group, LLC
- FlexoFoam Pvt. Ltd.
- iFoam Ltd.
- Delimajaya Group
- TransCal Company
- Rojac Urethane Limited
- USSC Group, Inc.
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Persistence Market Research’s proactive approach identifies early innovation opportunities for clients in the global automotive sector. Our insights on next-generation automotive technologies such as connected cars, automotive emissions control, vehicle-to-vehicle (V2V), autonomous cars, electric and hybrid vehicles, and augmented reality dashboards ensure clients stay at the forefront of innovation.
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