Global rolling stock investment is projected to rise from US$62.2bn in 2016 to US$75.5bn in 2024, according to a new report from Persistence Market Research. Increasing rolling stock production is projected to drive the market demand for train seat materials over the forecast period.
Global sales of train seat materials are estimated at US$1.68bn in 2016 end, a year-on-year growth of 4.1% over 2015 and expanding at a compound annual growth rate of 5.3% during the forecast period (2016-2024).
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