Market Overview:
The global armour steel plate market is expected to grow at a CAGR of 5.5% from 2018 to 2030. The market growth is attributed to the increasing demand for armoured vehicles and submarines across the globe. Civilian grade armour steel plates are used in bulletproof vehicles, while military grade armour steel plates are used in battle tanks, submarines, and other armoured vehicles. North America dominates the global armour steel plate market with a share of more than 30%. This can be attributed to the large defence budget of the US and rising demand for armoured vehicles and submarines in this region. Asia Pacific is expected to be the fastest-growing region during the forecast period owing to increasing defence expenditure by countries such as China and India.
Product Definition:
armour steel plate is a type of steel that is used in the manufacturing of armor for vehicles, ships and other military equipment. It is a high-strength steel that can withstand significant impact and provide protection against gunfire and shrapnel.
Civilian Grade:
Civ Grade is a kind of steel that has been used by the military and defense industry for making armors, protective gear, knives & other tools. It’s properties such as high carbon content and low alloy content make it suitable to be used in armors. Also, it has good mechanical characteristics which are needed for producing military vehicles like trucks and tanks.
Increasing demand from civilian application is expected to drive global Civ Grade market growth over the forecast period.
Military Grade:
Military-grade steel is a type of steel that meets the material requirements for a particular military application. There are many grades of military-grade steels, including carbon and low alloy, which have different properties for use in armours. The grade used depends on factors such as the weight of the plate, thickness requirement, and impact resistance needed.
The global market size was valued at USD 3.6 billion in 2016.
Application Insights:
The bulletproof vehicles application segment led the global market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The rising demand for bulletproof jackets, vests, helmets and shields to protect military personnel from bullets is expected to drive product demand in this application segment.
The battle tanks application segment accounted for more than 30% share of the overall revenue in 2017 owing to its high strength and durability required for protection against shrapnel and bullets while undertaking long journeys on rough terrain across various climatic conditions. The growth of armoured warfare as a result has contributed largely towards increasing product adoption across several countries including China, Russia, India & South Korea which are major consumers of these products globally.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The growth of this region can be attributed to rising demand from countries such as China, India, South Korea, and Japan. Asia Pacific is also one of the prominent producers of steel owing to low manufacturing cost coupled with availability of cheap labor in countries like China and India.
The Middle East & Africa accounted for a significant share in terms of volume as well as revenue in 2017 owing to increasing military expenditure by some African nations including Nigeria, Ethiopia among others. Bulletproof vehicles are another application segment that's anticipated to drive demand for armours steel plate products over the forecast period. North America region is projecteded grow at a CAGR close 2% higher than Asia Pacific due to increased emphasis on strengthening national security infrastructure at home country especially after recent terrorist attacks across Europe which resulted into heavy losses for this industry globally.
Growth Factors:
- Increasing demand from construction and infrastructure sectors
- Rising demand for armour steel plates from the defense sector
- Growing use of armour steel plates in automobiles and other transportation equipment
- Rising popularity of lightweight armour steel plates
- Technological advancements that are making armoured vehicles more efficient
Scope Of The Report
Report Attributes
Report Details
Report Title
Armour Steel Plate Market Research Report
By Type
Civilian Grade, Military Grade
By Application
Battle Tanks, Bulletproof Vehicles, Submarines, Others
By Companies
ArcelorMittal, SSAB AB, Thyssenkrupp, Astralloy (Nucor), Evraz, Bisalloy Steel Group, Shah Alloys, CMC Impact Metals, SIJ Acroni, HSJ SA
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
200
Number of Tables & Figures
140
Customization Available
Yes, the report can be customized as per your need.
Global Armour Steel Plate Market Report Segments:
The global Armour Steel Plate market is segmented on the basis of:
Types
Civilian Grade, Military Grade
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
Battle Tanks, Bulletproof Vehicles, Submarines, Others
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:
- ArcelorMittal
- SSAB AB
- Thyssenkrupp
- Astralloy (Nucor)
- Evraz
- Bisalloy Steel Group
- Shah Alloys
- CMC Impact Metals
- SIJ Acroni
- HSJ SA
Highlights of The Armour Steel Plate 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:
- Civilian Grade
- Military Grade
- By Application:
- Battle Tanks
- Bulletproof Vehicles
- Submarines
- Others
- 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 Armour Steel Plate 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.
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- Correctly Positioning New Products
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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?
Armour steel plate is a type of metal armor that is made from a thin sheet of steel that has been hardened by heating. It is often used to protect the body from gunfire and other forms of attack.
Some of the key players operating in the armour steel plate market are ArcelorMittal, SSAB AB, Thyssenkrupp, Astralloy (Nucor), Evraz, Bisalloy Steel Group, Shah Alloys, CMC Impact Metals, SIJ Acroni, HSJ SA.
The armour steel plate 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 Armour Steel Plate 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 Armour Steel Plate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Armour Steel Plate 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 Armour Steel Plate 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 Armour Steel Plate Market Size & Forecast, 2020-2028
4.5.1 Armour Steel Plate Market Size and Y-o-Y Growth
4.5.2 Armour Steel Plate Market Absolute $ Opportunity
Chapter 5 Global 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 Market Size Forecast by Type
5.2.1 Civilian Grade
5.2.2 Military Grade
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global 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 Market Size Forecast by Applications
6.2.1 Battle Tanks
6.2.2 Bulletproof Vehicles
6.2.3 Submarines
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Armour Steel Plate 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 Armour Steel Plate 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 Analysis and Forecast
9.1 Introduction
9.2 North America 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 Market Size Forecast by Type
9.6.1 Civilian Grade
9.6.2 Military Grade
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 Market Size Forecast by Applications
9.10.1 Battle Tanks
9.10.2 Bulletproof Vehicles
9.10.3 Submarines
9.10.4 Others
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 Analysis and Forecast
10.1 Introduction
10.2 Europe 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 Market Size Forecast by Type
10.6.1 Civilian Grade
10.6.2 Military Grade
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 Market Size Forecast by Applications
10.10.1 Battle Tanks
10.10.2 Bulletproof Vehicles
10.10.3 Submarines
10.10.4 Others
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 Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific 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 Market Size Forecast by Type
11.6.1 Civilian Grade
11.6.2 Military Grade
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 Market Size Forecast by Applications
11.10.1 Battle Tanks
11.10.2 Bulletproof Vehicles
11.10.3 Submarines
11.10.4 Others
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 Analysis and Forecast
12.1 Introduction
12.2 Latin America 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 Market Size Forecast by Type
12.6.1 Civilian Grade
12.6.2 Military Grade
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 Market Size Forecast by Applications
12.10.1 Battle Tanks
12.10.2 Bulletproof Vehicles
12.10.3 Submarines
12.10.4 Others
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) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) 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) Market Size Forecast by Type
13.6.1 Civilian Grade
13.6.2 Military Grade
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) Market Size Forecast by Applications
13.10.1 Battle Tanks
13.10.2 Bulletproof Vehicles
13.10.3 Submarines
13.10.4 Others
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 Armour Steel Plate Market: Competitive Dashboard
14.2 Global Armour Steel Plate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 ArcelorMittal
14.3.2 SSAB AB
14.3.3 Thyssenkrupp
14.3.4 Astralloy (Nucor)
14.3.5 Evraz
14.3.6 Bisalloy Steel Group
14.3.7 Shah Alloys
14.3.8 CMC Impact Metals
14.3.9 SIJ Acroni
14.3.10 HSJ SA
