The global bulletproof vest market size is expected to reach USD 1,998.1 million by 2027, exhibiting a CAGR of 7.23% during the forecast period. The increasing security concerns coupled with cross-border conflicts will fuel demand for bulletproof vests, which, in turn, will foster the healthy growth of the market, states Fortune Business Insights, in a report, titled “Bulletproof Vest Market Size, Share and Covid-19 Impact Analysis by Material (Kevlar, Ultra-High-Molecular-Weight Polyethylene (UHMWPE), and Graphene) By Type (Level IIA, Level II, Level IIIA, Level III, and Level IV) By Product (Flexible Ballistic, Hard Armor Plate) By End User (Military, Law Enforcement, and Civil) and Regional Forecast, 2020-2027.” The market size stood at USD 1,271.1 million in 2019.
Global “Bulletproof Vest Market” (2020-2027) Research Report is a professional and in-depth study on the current state of the Global Bulletproof Vest industry. Moreover, research report categorizes the global Bulletproof Vest market by top players/brands, region, type and end user. This report also studies the global Bulletproof Vest market status, competition landscape, market share, growth rate, future trends, market drivers, opportunities and challenges, sales channels and distributors. Regionally, this report categorizes the production, apparent consumption, export and import of Bulletproof Vest in North America, Europe, China, Japan, Southeast Asia and India.
The coronavirus incident has caused colossal loss to several industries across the globe. The governments of several countries have instigated lockdown to thwart the spread of this deadly virus. Such plans have caused disturbances in the production and supply chain. But, with time and resolution, we will be able to combat this stern time and get back to normality. Our well-revised reports will help companies to receive in-depth information about the present scenario of every market so that you can adopt the necessary strategies accordingly.
Get Sample PDF Brochure (Includes COVID-19 Impact Analysis):
https://www.fortunebusinessinsights.com/enquiry/request-sample-pdf/bulletproof-vest-market-104752
The Report Lists the Key Players Market:
- Honeywell International, Inc. (The U.S.)
- DuPont (The U.S.)
- U.S. ARMOR CORPORATION (The U.S.)
- MKU Limited (India)
- EnGarde Body Armor (The Netherlands)
- Point Blank Enterprises, Inc. (The U.S.)
- MARS Armor (Bulgaria)
- BulletSafe Bulletproof Vests (The U.S.)
- Armor Express (The U.S.)
- Safariland, LLC. (The U.S.)
- VestGuard UK Ltd. (The U.K)
Highlights of the Report:-
- Bulletproof Vest Market report covers the key players of the industry including Company Profile, Product Specifications, Production Capacity/Sales, Revenue, Price and Gross Margin and Sales by Product Types.
- Bulletproof Vest Market Share, distributors, major suppliers, changing price patterns and the supply chain of raw materials is highlighted in the report.
- The growth factors of the Bulletproof Vest market are discussed in detail wherein the different end users of the market are explained in detail and custom research can be added according to specific requirements.
- The report will provide with the state of competition in industry depending on five basic forces: threat of new entrants, bargaining power of suppliers, bargaining power of buyers, threat of substitute products or services, and existing industry rivalry.
- Bulletproof Vest Market Trend for Development and marketing channels are analyzed. Finally, the feasibility of new investment projects is assessed and overall research conclusions offered.
Key Market Drivers:
Increasing Military Expenditure to Augment Growth
The increasing terrorist activities, geopolitical tensions, and cross border conflicts around the world can have an excellent impact on the market during the forecast period. The rising military spending will spur opportunities for the market in the forthcoming years. According to SIPRI, the United States, China, India, Russia, and Saudi Arabia’s defense budget was USD 732 billion, USD 261 billion, USD 71.1 billion, USD 65.1 billion, and USD 61.9 billion, respectively. Furthermore, the expansion of military forces in developing nations will have a tremendous impact on the demand for bulletproof vests. For instance, in 2020, the number of active military personnel in China, India, the U.S., and North Korea were 21,83,000, 14,44,000, 14,00,000, and 12,80,000, respectively. Hence, the increasing number of army personnel can contribute positively to the bulletproof vest market growth.
Delayed Deliveries of Products to Hamper Business amid Coronavirus
COVID-19 pandemic had a severe impact on the global market. The reduced demand and delayed deliveries of products have dramatically affected the scenario of the industry. The postponement in the production of defense products is expected to retard the development of the market. For instance, the department of Indian Military Affairs asked all of its armed forces to hold their capital acquisitions because of budget cuts due to the effect of COVID-19. Moreover, South Korea planned to cut USD 245 million from the country’s defense budget. Hence, declined defense budget and halt on production activities will hinder the market amid coronavirus.
Speak to Our Expert:
https://www.fortunebusinessinsights.com/enquiry/speak-to-analyst/bulletproof-vest-market-104752
Regional Analysis:
Growing Terrorism to Stimulate Growth in Asia Pacific
The market in Asia-Pacific is expected to hold the largest bulletproof vest market share during the forecast period owing to political conflicts and cross-border issues. The growing terrorism in the Asian countries and increasing investments in next-generation body armors will aid growth in the region. For instance, in 2018, the Indian Army signed a worth of USD 98.31 million with SMPP Private Limited to procure 1,38,138 bulletproof jackets. Europe is expected to account for the largest share due to the presence of key players such as EnGarde Body Armor, VestGuard UK Ltd., MARS Armor, and others. The increasing spending by military forces and law enforcement agencies will contribute significantly to the market’s growth. For instance, in 2018, Rheinmetall AG signed a three-year contract worth USD 11 million with the German police to supply ballistic inserts for protective vests.
Key Industry Development:
April 2020: planarTECH, a global leader in providing process and analytical equipment based in the UK, signed a contract with IDEATI, a Thailand based company for distributing its 2AM line of the graphene-enhanced bullet-proof vest and ballistic plate products for body armor.
View Related News:
About Us:
Fortune Business Insights™ delivers accurate data and innovative corporate analysis, helping organizations of all sizes make appropriate decisions. We tailor novel solutions for our clients, assisting them to address various challenges distinct to their businesses. Our aim is to empower them with holistic market intelligence, providing a granular overview of the market they are operating in.
Contact Us:
Fortune Business Insights™ Pvt. Ltd.
308, Supreme Headquarters,
Survey No. 36, Baner,
Pune-Bangalore Highway,
Pune – 411045, Maharashtra, India.
Phone:
US :+1 424 253 0390
UK : +44 2071 939123
APAC : +91 744 740 1245
Email: [email protected]
Connect us via Social Media Channels:
LinkedIn: https://www.linkedin.com/company/fortune-business-insights
Facebook: https://www.facebook.com/FortuneBusinessInsightsPvtLtd
Twitter: https://twitter.com/FBInsightPvtLtd
Read Press Release:
https://www.fortunebusinessinsights.com/press-release/global-bulletproof-vest-market-10514
can i vape weed before surgery
Does anyone have any idea Med City Vapors vape store located in 640 Noah Dr offers ejuice made by Elysian Breakfast? I have emailed them at [email protected]
cbd vs hemp oil which is better
Hello everyone ! can anyone suggest where I can buy Lift CBD CBD Vape Pen Broad Spectrum Peppermint 200mg?
how long for cbd pills to kick in
I loved your blog article.Really thank you! Want more.
Great blog post.Much thanks again. Fantastic.
Very informative blog article.Really looking forward to read more. Want more.
I really liked your article post.Really looking forward to read more. Will read on…
I appreciate you sharing this blog post.Really thank you! Want more.
Very informative blog post. Will read on…
I am so grateful for your article post.Thanks Again. Great.
Thanks for sharing, this is a fantastic article post.Really looking forward to read more.
Very neat blog.Much thanks again. Want more.
Thanks for sharing, this is a fantastic blog.Thanks Again.
Major thankies for the post. Awesome.
Great, thanks for sharing this article.Thanks Again.
Thanks for sharing, this is a fantastic post.Thanks Again. Want more.
wow, awesome blog article. Fantastic.
A round of applause for your post.Thanks Again.
Say, you got a nice blog.Really thank you! Great.
Thanks a lot for the article.Thanks Again. Cool.
A round of applause for your article.Really looking forward to read more. Want more.
Enjoyed every bit of your post.Much thanks again.
Thanks a lot for the article. Want more.
I truly appreciate this blog article.Much thanks again.
Does anyone have any idea iVape vape shop based in 1427 Hwy 138, Suite #3 sells e-liquid made by Crème E-Liquid SALTS? I have tried sending them an email at at [email protected]
Enjoyed every bit of your article post. Cool.
Looking forward to reading more. Great article.Really looking forward to read more. Will read on…
I cannot thank you enough for the article post.Thanks Again. Great.
A big thank you for your blog article.Much thanks again. Cool.
Very informative post.Really thank you!
A big thank you for your blog post.Really looking forward to read more. Will read on…
Very good post.Really thank you! Fantastic.
Great, thanks for sharing this article post.Really looking forward to read more. Much obliged.
I really enjoy the post.Really looking forward to read more. Much obliged.
I think this is a real great blog article.Much thanks again. Will read on…
Thanks for sharing, this is a fantastic blog article. Want more.
Let me know Gravois Vapor ecig shop located in 1899 W 3rd Ave offers e-juice made by Wonutz Made In UK E-liquid? I have tried sending them an email at at [email protected]
Appreciate you sharing, great blog article.Thanks Again. Great.
Appreciate you sharing, great blog. Great.
Looking forward to reading more. Great post.Really thank you! Will read on…
Very neat blog.Thanks Again. Great.
Very neat blog. Great.
Major thankies for the blog.Thanks Again. Awesome.
I am so grateful for your blog post.Really looking forward to read more. Cool.
I think this is a real great post.Really thank you! Really Great.
Say, you got a nice blog article.Much thanks again. Much obliged.
I really like and appreciate your blog article.Thanks Again. Much obliged.
I value the article.Really looking forward to read more. Really Cool.
I truly appreciate this post.Really thank you!
I am so grateful for your article.Really looking forward to read more. Fantastic.
I believe everybody went like Ones New website, reason being things like this site without doubt has a article on quality. I loved read A New content. go on To remain a useful article, I will avail Once more by One additional time. Bless you.
Im thankful for the blog.Much thanks again. Great.
Wow, great blog post. Really Great.
Thanks again for the blog post.Really looking forward to read more. Cool.
Say, you got a nice blog post.Really thank you! Really Great.
I value the article. Will read on…
Muchos Gracias for your article. Really Cool.
Thanks a lot for the blog article.Much thanks again. Really Great.
Thanks for the article post.Much thanks again. Really Cool.
A big thank you for your article.Really looking forward to read more. Really Great.
I appreciate you sharing this blog.Thanks Again. Cool.
Has anyone ever been to Flat Land Vapes Ecigarette Shop located in 316A Wolf River Plz?
Thanks for sharing, this is a fantastic post.Really looking forward to read more.
Fantastic blog post.Much thanks again. Cool.
Very good article.Much thanks again. Much obliged.
Thanks-a-mundo for the blog.Really thank you! Cool.
Major thanks for the article post.Thanks Again. Great.
Thanks for the blog post.
Thanks-a-mundo for the article.Really looking forward to read more. Cool.
Thanks again for the article post.Really thank you! Want more.
Thank you for your blog.Really thank you! Great.
can cbd gummies make you pop on a piss test
can you buy cbd at 18 in oregon
what does a vape pen do
Has anybody ever shopped at Wordup-Ecig Vape Shop in 6436 Richmond Hwy?
are cbd gummies legal in the uk
is cbd oil or vape better
Has anyone ever tried Pounded by Majestic Ejuice Eliquid?
Enjoyed every bit of your article post.Much thanks again. Much obliged.
I truly appreciate this article post. Much thanks again. Keep writing.
I truly appreciate this blog post. Keep writing.
Major thanks for the blog.Really thank you! Cool.
I really liked your blog post.Really looking forward to read more. Really Cool.
Great, thanks for sharing this blog. Fantastic.
Thanks again for the article post. Really thank you! Will read on…
how often cbd oil
Fantastic article.Thanks Again. Much obliged.
I really enjoy the article.Really thank you! Want more.
I truly appreciate this blog post. Thanks Again. Keep writing.
I really like and appreciate your article post.Really thank you! Keep writing.
Thanks a lot for the blog article.Really thank you! Great.
Thanks-a-mundo for the article.Really looking forward to read more. Want more.
Looking forward to reading more. Great post.Much thanks again. Awesome.
I cannot thank you enough for the blog.Thanks Again. Really Great.
You are so interesting! I do not believe I’ve read a single thing like that before. So nice to find somebody with a few unique thoughts on this subject matter. Really.. many thanks for starting this up. This website is something that’s needed on the web, someone with some originality.
bookmarked!!, I really like your web site!
I’m amazed, I have to admit. Seldom do I encounter a blog that’s both educative and engaging, and let me tell you, you have hit the nail on the head. The problem is something which not enough people are speaking intelligently about. I am very happy I stumbled across this during my hunt for something concerning this.
An impressive share! I’ve just forwarded this onto a friend who had been conducting a little research on this. And he actually ordered me dinner simply because I found it for him… lol. So let me reword this…. Thank YOU for the meal!! But yeah, thanx for spending time to discuss this topic here on your web site.
This is a really good tip particularly to those new to the blogosphere. Short but very accurate info… Thanks for sharing this one. A must read post!