Market Overview:
The global armored car market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for armored cars from various end-use industries such as military, business, and private use. In addition, the increasing concerns over safety and security are also fueling the demand for armored cars globally. The global armored car market is segmented on the basis of type into B4, B5, B6, and B7 segments. The B4 segment is expected to account for a major share of the global Armored Car Market in terms of value in 2018. This can be attributed to its low cost as compared to other types of armored cars available in the market.
Product Definition:
An armored car is a type of vehicle that is used to protect valuable items or people from harm. They are often used by banks, businesses, and other organizations that deal with large amounts of cash.
B4:
B4 is short for Body-in-White. It's a vehicle that can be used to transport valuables in transit without being detected by the casual observer. The B4 was initially developed as an alternative to the standard white van used by banks and other businesses for transporting money and valuables.
B5:
B5 is short for Browning 5.56mm ammunition. It is a high-performance, medium range, semi-jacketed hollow point bullets used in assault rifles and sniper rifles.
Application Insights:
The military use segment dominated the market in 2017 and is expected to maintain its dominance over the forecast period. The growing need for armored cars by governments across the world to protect VIPs, diplomats, and other high-value targets from terrorist attacks is expected to drive demand. Furthermore, increasing cross-border crime and terrorism that pose a threat to national security also drives demand for these vehicles in military applications.
The business use segment accounted for more than 30% of overall revenue share in 2017 owing to rising concerns among companies about employee safety and protection against armed robberies at commercial establishments such as banks, ATMs, jewelry stores etc. Increasingly violent street crimes have led companies operating large cash deposit machines or credit card processing centers to adopt an armored car service as a safe mode of transport with protective services provided by trained professionals equipped with state-of-the art technology protecting valuable assets from theft or damage caused during transit.
Regional Analysis:
The Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The region accounted for a share of more than 30% in terms of revenue and is likely to grow at a significant rate over the forecast period. This growth can be attributed to increasing demand from developing countries such as India, China, South Korea, and Japan among others.
Increasing military expenditure by governments across Asia Pacific has led them to increase their armored car fleet size which will drive regional product demand further. For instance; In November 2018; Saudi Arabia announced an order for 24 additional B737-800s with an option for 12 more aircraft at a later stage while ordering another batch of 72 light utility vehicles (LUVs). These orders are expected to propel production activities within the country thus driving regional product demand further.
Growth Factors:
- Increasing demand for armored cars from the corporate sector for security reasons.
- The increasing demand for armored cars from the luxury car segment.
- The increasing demand for armored cars from the government and defense sector due to rising security concerns globally.
- The increasing use of armored vehicles in law enforcement and VIP protection services worldwide.
Scope Of The Report
Report Attributes
Report Details
Report Title
Armored Car Market Research Report
By Type
B4, B5, B6, B7
By Application
Military Use, Business Use, Private Use
By Companies
STREIT Group, Centigon Security Group, INKAS, Armormax, DIMA HOLDINGS Co., Ltd, MSPV, Double Star (Shanghai), JANKEL ARMOURING, The Armored Group, Shell Armored Vehicles, Alpine Armoring Inc, WELP Armouring, JCBL Armouring Solutions
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
164
Number of Tables & Figures
115
Customization Available
Yes, the report can be customized as per your need.
Global Armored Car Market Report Segments:
The global Armored Car market is segmented on the basis of:
Types
B4, B5, B6, B7
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military Use, Business Use, Private Use
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- STREIT Group
- Centigon Security Group
- INKAS
- Armormax
- DIMA HOLDINGS Co., Ltd
- MSPV
- Double Star (Shanghai)
- JANKEL ARMOURING
- The Armored Group
- Shell Armored Vehicles
- Alpine Armoring Inc
- WELP Armouring
- JCBL Armouring Solutions
Highlights of The Armored Car Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- B4
- B5
- B6
- B7
- By Application:
- Military Use
- Business Use
- Private Use
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Armored Car Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
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- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
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- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
An armored car is a vehicle that is designed to protect people and property from attack. Armored cars are typically made of metal and have strong armor to protect them from gunfire.
Some of the major players in the armored car market are STREIT Group, Centigon Security Group, INKAS, Armormax, DIMA HOLDINGS Co., Ltd, MSPV, Double Star (Shanghai), JANKEL ARMOURING, The Armored Group, Shell Armored Vehicles, Alpine Armoring Inc, WELP Armouring, JCBL Armouring Solutions.
The armored car market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Armored Car Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Armored Car Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Armored Car Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Armored Car Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Armored Car Market Size & Forecast, 2018-2028
4.5.1 Armored Car Market Size and Y-o-Y Growth
4.5.2 Armored Car Market Absolute $ Opportunity
Chapter 5 Global Armored Car Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Armored Car Market Size Forecast by Type
5.2.1 B4
5.2.2 B5
5.2.3 B6
5.2.4 B7
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Armored Car Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Armored Car Market Size Forecast by Applications
6.2.1 Military Use
6.2.2 Business Use
6.2.3 Private Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Armored Car Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Armored Car Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Armored Car Analysis and Forecast
9.1 Introduction
9.2 North America Armored Car Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Armored Car Market Size Forecast by Type
9.6.1 B4
9.6.2 B5
9.6.3 B6
9.6.4 B7
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Armored Car Market Size Forecast by Applications
9.10.1 Military Use
9.10.2 Business Use
9.10.3 Private Use
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Armored Car Analysis and Forecast
10.1 Introduction
10.2 Europe Armored Car Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Armored Car Market Size Forecast by Type
10.6.1 B4
10.6.2 B5
10.6.3 B6
10.6.4 B7
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Armored Car Market Size Forecast by Applications
10.10.1 Military Use
10.10.2 Business Use
10.10.3 Private Use
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Armored Car Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Armored Car Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Armored Car Market Size Forecast by Type
11.6.1 B4
11.6.2 B5
11.6.3 B6
11.6.4 B7
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Armored Car Market Size Forecast by Applications
11.10.1 Military Use
11.10.2 Business Use
11.10.3 Private Use
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Armored Car Analysis and Forecast
12.1 Introduction
12.2 Latin America Armored Car Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Armored Car Market Size Forecast by Type
12.6.1 B4
12.6.2 B5
12.6.3 B6
12.6.4 B7
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Armored Car Market Size Forecast by Applications
12.10.1 Military Use
12.10.2 Business Use
12.10.3 Private Use
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Armored Car Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Armored Car Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Armored Car Market Size Forecast by Type
13.6.1 B4
13.6.2 B5
13.6.3 B6
13.6.4 B7
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Armored Car Market Size Forecast by Applications
13.10.1 Military Use
13.10.2 Business Use
13.10.3 Private Use
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Armored Car Market: Competitive Dashboard
14.2 Global Armored Car Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 STREIT Group
14.3.2 Centigon Security Group
14.3.3 INKAS
14.3.4 Armormax
14.3.5 DIMA HOLDINGS Co., Ltd
14.3.6 MSPV
14.3.7 Double Star (Shanghai)
14.3.8 JANKEL ARMOURING
14.3.9 The Armored Group
14.3.10 Shell Armored Vehicles
14.3.11 Alpine Armoring Inc
14.3.12 WELP Armouring
14.3.13 JCBL Armouring Solutions
