Bulletproof Vest Market size was valued at US$ 1.38 Bn. in 2021 and the total revenue is expected to grow at 4.65% through 2021 to 2027, reaching nearly US$ 1.81 Bn.
Bulletproof Vest Market Industry Key Players, Forecast, Revenue, Trends and Growth Opportunities
Market Scope:
In order to help the leading market players grow their shares and maintain their competitiveness in the industry, the Bulletproof Vest market research study explains the competitive landscape of the sector. The PESTEL analysis and Porter's five forces model are used in the study to map out the industry's competitive environment. The research study also includes the key investment opportunities for the sector's stakeholders to profit. Based on their CAGR and relative market share, these analysis structures are estimated. The research lists the key market participants, their financial standing, and their relative market shares globally.
The company profiles in the study also discuss tactical advancements made by the key corporations in the sector on a worldwide and regional scale, such as acquisitions and mergers, new covenants, partnerships, product launches, joint alliances, and regional development.
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The market research Bulletproof Vest assesses the market's suitability for the study period, demography, and development prospects. This component contributes to the evaluation of the market's size and provides a foundation for how the market will maintain its current growth structure over time. The market report also emphasises the present and upcoming investment potential for the various sectors. These minute data have been carefully designed to assist the stakeholders in fully understanding the current market investment condition.
COVID 19 Impact:
The pandemic outbreak had a significant global impact and slowed socioeconomic progress. As a result, the market analysis for Bulletproof Vest provides a micro- and macroeconomic evaluation of the sector throughout the epidemic. The study also breaks down the effect of Covid-19 on the market qualitatively. In addition, the study work supports the market size based on the pandemic's overall effects on the sector and sheds insight on the post-covid environment in the coming years. The report also focuses on the fundamental tactics used by the main parties throughout the global health crisis. In addition, it provides a clear framework for how the pandemic would affect sales, the supply chain, and other crucial parts of the market.
List of Key Players:
• Elmon (Greece)
• Honeywell (US)
• E.L Dupont (US)
• U.S. Armor Corporation (US)
• KDH defense systems (US)
• Wenzhou Start Co. (China)
• Hawk protection (Spain)
• EnGarde (Netherlands)
• Infidel Body Armor (US)
• Point Blank Enterprises (US)
• Mars Armor (Bulgaria)
• Vestguard (UK)
• Armourshield (UK)
• Compass Corp. (Singapore)
• MKU Limited (India)
Market Segmentation:
North America, Europe, Asia-Pacific, the Middle East and Africa, and South America make up the different segments of the market for bulletproof vests. Due to an increase in political unrest, border disputes, and terrorism in the region, the Asia-Pacific region is expected to experience the largest rise among all other regions. A large increase in military spending by the region's member states is expected to fuel growth in the Europe region as well. The growth of the bulletproof vest market in the European region is also significantly influenced by the presence of prominent players like Engarde, Vestguard, and Mars Armor Corp.
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Report Brief:
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Dec 05, 2022