Market Overview:
The global bulletproof vehicle market is expected to grow at a CAGR of 5.8% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for bulletproof vehicles from the military, business, and government sectors across the globe. In addition, rising concerns over safety and security are also propelling the demand for bulletproof vehicles in private applications such as personal transport and luxury cars. The global bulletproof passenger car segment is projected to grow at a CAGR of 6% during the forecast period from 2018 to 2030. This segment is expected to account for a major share of the global bulletproof vehicle market due to increasing demand for these vehicles from high-risk areas across different regions. The North America region dominates this segment with maximum share owing to rising concerns over security threats in this region. The global armored vehicle market was valued at US$ 9,584 Mn in 2017 and is projected reach US$ 16,711 Mn by 2030, registering a CAGR of 5%.
Product Definition:
A bulletproof vehicle is a type of car that has been designed and built to withstand the impact of gunfire. The most common type of bulletproof vehicle is the limousine, which is used by government officials and celebrities. Other types of bulletproof vehicles include sedans, SUVs, and trucks.
Bulletproof Passenger Cars:
The global bulletproof passenger cars market size was valued at USD 1.1 billion in 2015 and is expected to grow at a CAGR of XX% from 2016 to 2024. The increasing number of terrorist attacks across the world has forced the governments to impose stringent security regulations for commercial vehicles, which are driving the demand for bulletproof passenger cars globally.
Bulletproof Armored Vehicle:
A bulletproof armored vehicle (BVA) is a type of heavily fortified automobile that is designed to withstand being hit by bullets and shrapnel. The BVA market has been witnessing significant growth over the past few years owing to increasing terrorist activities, civil wars, border disputes, and other conflicts between countries. Growing security concerns among people have resulted in increased demand for such vehicles around the world.
Application Insights:
The application segment is segregated into military, business, government and private. In 2017, the military segment dominated the market with a share of over 60% in terms of revenue. The growth can be attributed to increasing demand for armored vehicles by police departments across the world. Armored cars are preferred for high-risk protection missions as they are safer than regular patrol cars and offer secure transportation to VIPs.
The growing importance of security features in luxury vehicles has resulted in increased demand for armored cars from corporate clients who need extra protection on long haul trips or when transporting valuables from bank vaults to safe deposit boxes at nightfall.
Regional Analysis:
North America dominated the global bulletproof vehicle market in 2017. The region is expected to witness a considerable growth rate of over 6% from 2018 to 2030. This can be attributed to stringent regulations and government initiatives regarding the safety of passengers and drivers, as well as increasing terrorist threats across North America countries such as the U.S., Canada, and Mexico.
Asia Pacific is anticipated to grow at a significant CAGR over the forecast period owing to rising crime rates coupled with growing demand for security vehicles in India, China, South Korea, Japan among other Asian countries due to rapidly developing economies and changing lifestyles resulting into increased disposable income which would eventually drive demand for BVMs in this region over next eight years.
Growth Factors:
- Increasing demand for fuel-efficient and environment-friendly vehicles
- Rising disposable income of consumers
- Proliferation of ride-sharing services
- Development of autonomous driving technology
- Growing popularity of electric vehicles
Scope Of The Report
Report Attributes
Report Details
Report Title
Bulletproof Vehicle Market Research Report
By Type
Bulletproof Passenger Cars, Bulletproof Armored Vehicle, Bulletproof Armored Vehicles, Others
By Application
Military, Business, Government, Private
By Companies
STREIT Group, Centigon Security Group, INKAS, Armormax, WELP Armouring, MSPV, JANKEL ARMOURING, The Armored Group, Shell Armored Vehicles, Alpine Armoring Inc, STREIT Group, Jinguan Auto, Diyi Jixie, Baoji Zhuanyong, Beifang Cheliang, Dima Holdings, Huadong, Jiangling, Baolong Qiche, Shangqi Datong
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 Bulletproof Vehicle Market Report Segments:
The global Bulletproof Vehicle market is segmented on the basis of:
Types
Bulletproof Passenger Cars, Bulletproof Armored Vehicle, Bulletproof Armored Vehicles, Others
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, Business, Government, Private
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
- WELP Armouring
- MSPV
- JANKEL ARMOURING
- The Armored Group
- Shell Armored Vehicles
- Alpine Armoring Inc
- STREIT Group
- Jinguan Auto
- Diyi Jixie
- Baoji Zhuanyong
- Beifang Cheliang
- Dima Holdings
- Huadong
- Jiangling
- Baolong Qiche
- Shangqi Datong
Highlights of The Bulletproof Vehicle 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:
- Bulletproof Passenger Cars
- Bulletproof Armored Vehicle
- Bulletproof Armored Vehicles
- Others
- By Application:
- Military
- Business
- Government
- Private
- 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 Vehicle 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?
A bulletproof vehicle is a type of armored car or truck that is designed to resist being penetrated by gunfire.
Some of the major companies in the bulletproof vehicle market are STREIT Group, Centigon Security Group, INKAS, Armormax, WELP Armouring, MSPV, JANKEL ARMOURING, The Armored Group, Shell Armored Vehicles, Alpine Armoring Inc, STREIT Group, Jinguan Auto, Diyi Jixie, Baoji Zhuanyong, Beifang Cheliang, Dima Holdings, Huadong, Jiangling, Baolong Qiche, Shangqi Datong.
The bulletproof vehicle market is expected to grow at a compound annual growth rate of 5.8%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Bulletproof Vehicle 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 Vehicle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Bulletproof Vehicle 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 Vehicle 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 Vehicle Market Size & Forecast, 2020-2028
4.5.1 Bulletproof Vehicle Market Size and Y-o-Y Growth
4.5.2 Bulletproof Vehicle 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 Bulletproof Passenger Cars
5.2.2 Bulletproof Armored Vehicle
5.2.3 Bulletproof Armored Vehicles
5.2.4 Others
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
6.2.2 Business
6.2.3 Government
6.2.4 Private
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Bulletproof Vehicle 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 Vehicle 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 Bulletproof Passenger Cars
9.6.2 Bulletproof Armored Vehicle
9.6.3 Bulletproof Armored Vehicles
9.6.4 Others
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
9.10.2 Business
9.10.3 Government
9.10.4 Private
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 Bulletproof Passenger Cars
10.6.2 Bulletproof Armored Vehicle
10.6.3 Bulletproof Armored Vehicles
10.6.4 Others
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
10.10.2 Business
10.10.3 Government
10.10.4 Private
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 Bulletproof Passenger Cars
11.6.2 Bulletproof Armored Vehicle
11.6.3 Bulletproof Armored Vehicles
11.6.4 Others
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
11.10.2 Business
11.10.3 Government
11.10.4 Private
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 Bulletproof Passenger Cars
12.6.2 Bulletproof Armored Vehicle
12.6.3 Bulletproof Armored Vehicles
12.6.4 Others
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
12.10.2 Business
12.10.3 Government
12.10.4 Private
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 Bulletproof Passenger Cars
13.6.2 Bulletproof Armored Vehicle
13.6.3 Bulletproof Armored Vehicles
13.6.4 Others
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
13.10.2 Business
13.10.3 Government
13.10.4 Private
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 Vehicle Market: Competitive Dashboard
14.2 Global Bulletproof Vehicle 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 WELP Armouring
14.3.6 MSPV
14.3.7 JANKEL ARMOURING
14.3.8 The Armored Group
14.3.9 Shell Armored Vehicles
14.3.10 Alpine Armoring Inc
14.3.11 STREIT Group
14.3.12 Jinguan Auto
14.3.13 Diyi Jixie
14.3.14 Baoji Zhuanyong
14.3.15 Beifang Cheliang
14.3.16 Dima Holdings
14.3.17 Huadong
14.3.18 Jiangling
14.3.19 Baolong Qiche
14.3.20 Shangqi Datong
