Market Overview:
The global bulletproof steel plate 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 bulletproof steel plates from the military and defense sector across the globe. In addition, rising concerns over safety and security are also propelling the demand for bulletproof steel plates in various end-use applications such as high protection structural housing, armaments, and others. Based on type, the global bulletproof steel plate market can be segmented into 3-15mm thickness, 15-40mm thickness, and other segments. The 3-15mm thickness segment is projected to account for a major share of the global market during the forecast period owing to its low weight and easy installation properties. However, with advancements in technology that have led to development of thicker armor grade plates (15-40mm), this segment is expected witness moderate growth during 2018–2030. Based on application, military vehicles held a dominant share of more than 50% in 2017 in terms of revenue generated by different applications across different regions globally; however it is anticipated that high protection structural housing would exhibit highest CAGR over next 10 years due growing concerns related with terror activities & public places all around world .
Product Definition:
A bulletproof steel plate is a type of armor that is designed to protect against gunfire. It typically consists of a piece of steel that is thick enough to stop bullets from penetrating it. This type of armor can be used in vehicles, buildings, and other applications where protection against gunfire is needed.
3-15mm Thickness:
3-15mm thickness is a standard measurement for evaluating the relative thickness of bulletproof steel plates. It is measured from the outside surface of the thickest portion of a bulletproof steel plate, which faces towards the shooter. The 3-15mm thickness measurement refers to only one side of a bulletproof steel plate and does not include any part that may be thicker or thinner on other sides.
15-40mm Thickness:
15-40mm thickness is a standard bulletproof steel plate thickness. It's usage in BPS market depends on the application of bulletproof steel plate. In military applications, 15-40mm thickness is used to make helmets and body armors that can stop bullets and other sharp metal projectiles. The thickness of the helmet or armor depends on the head size of person, so it must be custom made for each user.
Application Insights:
The military vehicles application segment led the global bulletproof steel plate market in 2017 and is projected to expand at a CAGR of XX% over the forecast period. The rising demand for armored military vehicles, owing to increased concerns about personal safety of soldiers, officers and VIPs is expected to drive the segment growth over the coming years.
The high protection structural housing segment accounted for a significant share in 2017 and is estimated to witness steady growth over the next six years due largely on increasing demand from various end-use industries including oil & gas, defense & security among others. In addition, stringent regulations regarding construction of new buildings that could withstand an impact during an earthquake are likely to augment product consumption in this application sector.
Armed forces across countries such as India, China.
Regional Analysis:
Asia Pacific is expected to be the fastest growing regional market with a CAGR of XX% from 2018 to 2030 owing to increasing demand for high protection vehicles in countries, such as India and China. In addition, rising military expenditure by various governments across the globe is anticipated to drive product demand over the forecast period.
North America was estimated as the second-largest regional market in 2017 and will retain its position throughout the forecast years on account of high product penetration in U.S., coupled with stringent safety standards set by National Highway Traffic Safety Administration (NHTSA). Europe also held a significant share of global bulletproof steel plate industry due to presence of major automobile manufacturers, such as Daimler AG; BMW Group; Ford Motor Company; Fiat Chrysler Automobiles N.V.; Porsche SE; Renault S.A.; Volkswagen Group GmbH & Co., Ltd.
Growth Factors:
- Increasing demand from the automotive and construction industries for high-strength steel plates that can withstand extreme conditions is expected to drive the growth of the Bulletproof Steel Plate market.
- The increasing use of bulletproof steel plates in military applications is also anticipated to fuel the growth of this market in the coming years.
- The growing popularity of bulletproof armor among civilians is projected to boost demand for bulletproof steel plates in the near future.
- Rising concerns over safety and security are likely to propel demand for ballistic protection products, including bulletproof steel plates, in the coming years. 5
Scope Of The Report
Report Attributes
Report Details
Report Title
Bulletproof Steel Plate Market Research Report
By Type
3-15mm Thickness, 15-40mm Thickness, Other
By Application
Military Vehicles, High Protection Structural Housing, Armaments, Other
By Companies
SSAB, Clifton Steel, Leeco Steel, ThyssenKrupp, Bullet Proof Technologies, ArcelorMittal, Newtech Armor, Automotive Armor Manufacturing (AAM), POSCO
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
154
Number of Tables & Figures
108
Customization Available
Yes, the report can be customized as per your need.
Global Bulletproof Steel Plate Market Report Segments:
The global Bulletproof Steel Plate market is segmented on the basis of:
Types
3-15mm Thickness, 15-40mm Thickness, Other
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 Vehicles, High Protection Structural Housing, Armaments, Other
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:
- SSAB
- Clifton Steel
- Leeco Steel
- ThyssenKrupp
- Bullet Proof Technologies
- ArcelorMittal
- Newtech Armor
- Automotive Armor Manufacturing (AAM)
- POSCO
Highlights of The Bulletproof 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:
- 3-15mm Thickness
- 15-40mm Thickness
- Other
- By Application:
- Military Vehicles
- High Protection Structural Housing
- Armaments
- Other
- 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 Bulletproof 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.
How you may use our products:
- 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?
Bulletproof steel is a type of steel that is designed to resist being penetrated by bullets. It is often used in armor and other protective gear.
Some of the key players operating in the bulletproof steel plate market are SSAB, Clifton Steel, Leeco Steel, ThyssenKrupp, Bullet Proof Technologies, ArcelorMittal, Newtech Armor, Automotive Armor Manufacturing (AAM), POSCO.
The bulletproof 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 Bulletproof 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 Bulletproof Steel Plate Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bulletproof 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 Bulletproof 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 Bulletproof Steel Plate Market Size & Forecast, 2020-2028
4.5.1 Bulletproof Steel Plate Market Size and Y-o-Y Growth
4.5.2 Bulletproof 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 3-15mm Thickness
5.2.2 15-40mm Thickness
5.2.3 Other
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 Military Vehicles
6.2.2 High Protection Structural Housing
6.2.3 Armaments
6.2.4 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bulletproof 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 Bulletproof 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 3-15mm Thickness
9.6.2 15-40mm Thickness
9.6.3 Other
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 Military Vehicles
9.10.2 High Protection Structural Housing
9.10.3 Armaments
9.10.4 Other
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 3-15mm Thickness
10.6.2 15-40mm Thickness
10.6.3 Other
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 Military Vehicles
10.10.2 High Protection Structural Housing
10.10.3 Armaments
10.10.4 Other
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 3-15mm Thickness
11.6.2 15-40mm Thickness
11.6.3 Other
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 Military Vehicles
11.10.2 High Protection Structural Housing
11.10.3 Armaments
11.10.4 Other
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 3-15mm Thickness
12.6.2 15-40mm Thickness
12.6.3 Other
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 Military Vehicles
12.10.2 High Protection Structural Housing
12.10.3 Armaments
12.10.4 Other
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 3-15mm Thickness
13.6.2 15-40mm Thickness
13.6.3 Other
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 Military Vehicles
13.10.2 High Protection Structural Housing
13.10.3 Armaments
13.10.4 Other
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 Bulletproof Steel Plate Market: Competitive Dashboard
14.2 Global Bulletproof Steel Plate Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 SSAB
14.3.2 Clifton Steel
14.3.3 Leeco Steel
14.3.4 ThyssenKrupp
14.3.5 Bullet Proof Technologies
14.3.6 ArcelorMittal
14.3.7 Newtech Armor
14.3.8 Automotive Armor Manufacturing (AAM)
14.3.9 POSCO
