Market Overview:
The global ballistic and armour steel 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 ballistic and armour steel in the defence sector, owing to the rising security concerns across the globe. In addition, the growing demand for bulletproof vehicles and submarines is also propelling the growth of this market. The global ballistic and armour steel market can be segmented on the basis of type into civilian grade and military grade. The military grade segment is expected to account for a larger share of this market during the forecast period, owing to its superior properties such as high strength-to-weight ratio and resistance against penetration. On the basis of application, this market can be divided into battle tanks, bulletproof vehicles, submarines, and others (such as aircrafts). The battle tanks segment is projected to hold a major share of this market during 2018–2030 due its increasing use in militaries across different regions worldwide.
Product Definition:
Ballistic steel is a type of steel that is used in the manufacture of ballistic armor and other protective gear. It is specifically designed to withstand penetration by high-speed projectiles, such as bullets or shrapnel. Ballistic armor made from this steel can protect the wearer from serious injury or death. Armour steel is a type of ballistic steel that is used in the manufacture of body armour and other protective gear. It is specifically designed to resist penetration by projectiles, such as bullets or shrapnel. Body armour made from this steel can protect the wearer from serious injury or death.
Civilian Grade:
Civ Grade is a new term in the industry and has no exact equivalent in the military or industrial world. It was developed by ArcelorMittal to differentiate between products that are produced solely for civilian use from those used for both civilian and military applications. The product is being marketed as an alternative to standard carbon steel, which can be used in armours and ballistic protection without any modifications.
Military Grade:
Military-grade steel is a term used for steel that has been obtained from mills and factories through government contracts. It is produced in large quantities by industries all over the world, with the majority of production coming from countries such as India, Russia, Japan and China. The end products obtained are widely used across multiple industries including construction, automotive & transportation and consumer goods owing to its characteristics such as high tensile strength & hardness along with low-temperature elasticity.
Application Insights:
The global ballistic and armour steel market is segmented on the basis of application as battle tanks, bulletproof vehicles, submarines, and others. The other applications include military aircraft and helicopters as well as military ships. The demand for bulletproof vehicles was highest in North America with a share of over 40% in 2017 owing to high crime rates in the region coupled with an increase in spending power of individuals living there.
North America dominated the market for ballistic and armour steel due to factors such as higher population density; greater industrial output; more manufacturing facilities; larger consumer markets; increased spending by governments on security infrastructure including police force & armed forces which has resulted in high demand for protective vehicles such as armoured cars that are capable to withstand attacks from criminals or terrorist groups resulting into higher penetration rate compared to other regions across the world.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The region is expected to continue its dominance over the forecast period, with a significant increase in military spending by countries such as the U.S., China, and Russia among others driving demand for ballistic and armour steel products across this region.
Asia Pacific is anticipated to be one of the fastest-growing regions owing to increasing demand from developing economies such as India and China among others coupled with rising geopolitical tensions between these nations & other countries around them which may require tanks, armoured vehicles etc for protection against war threats are some factors that are likely to drive growth across this region over next eight years or so till 2030.
Growth Factors:
- Increasing demand from the automotive and defense sectors
- Growing use of ballistic steel in body armor and helmets
- Rising popularity of lightweight ballistic steel in construction industry
- Increasing investments in research and development activities
- Growing number of collaborations and partnerships among market players
Scope Of The Report
Report Attributes
Report Details
Report Title
Ballistic & Armour Steel 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
137
Number of Tables & Figures
96
Customization Available
Yes, the report can be customized as per your need.
Global Ballistic & Armour Steel Market Report Segments:
The global Ballistic & Armour Steel 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 Ballistic & Armour Steel 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 Ballistic & Armour Steel 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
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- 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?
Ballistic and armour steel is a type of steel that is designed to resist penetration by bullets or other projectiles. This type of steel is often used in the construction of firearms, tanks, and other military equipment.
Some of the major players in the ballistic & armour steel market are ArcelorMittal, SSAB AB, Thyssenkrupp, Astralloy (Nucor), Evraz, Bisalloy Steel Group, Shah Alloys, CMC Impact Metals, SIJ Acroni, HSJ SA.
The ballistic & armour steel market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Ballistic & Armour Steel 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 Ballistic & Armour Steel Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Ballistic & Armour Steel 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 Ballistic & Armour Steel 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 Ballistic & Armour Steel Market Size & Forecast, 2020-2028
4.5.1 Ballistic & Armour Steel Market Size and Y-o-Y Growth
4.5.2 Ballistic & Armour Steel 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 Ballistic & Armour Steel 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 Ballistic & Armour Steel 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 Ballistic & Armour Steel Market: Competitive Dashboard
14.2 Global Ballistic & Armour Steel 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
