Market Overview:
The global luxury bulletproof vehicle 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 luxury bulletproof vehicles from different applications such as military use, business use, and private use. North America is expected to hold the largest share of the global luxury bulletproof vehicle market in 2018, followed by Europe and Asia Pacific. However, Asia Pacific is projected to witness highest growth rate during the forecast period owing to rising income levels and security concerns in countries such as China and India.
Product Definition:
A luxury bulletproof vehicle is a car that has been specifically modified to provide protection against gunfire and explosives. These vehicles are typically used by government officials, celebrities, and other high-profile individuals who are at risk of being targeted by criminals or terrorists. The importance of a luxury bulletproof vehicle lies in the fact that it can provide its occupants with an added level of safety in dangerous situations.
B4:
B4 is short for Body Armor Fragment. It is a term used in the body armor industry to define the portion of an individual’s anatomy that remains unprotected by any protective equipment, such as ballistic plates or ceramic shields. The B4 growth factor has been one of the major factors driving demand in the luxury bulletproof vehicle market owing to increasing security concerns across various regions and countries worldwide.
Increasing terrorist activities have resulted in raising awareness among people regarding personal safety.
B5:
B5 is a type of steel that has been developed to provide the required level of hardness and strength along with improved ductility. It is also used in the manufacturing of high-performance armor for vehicles, such as police cars, fire trucks, ambulances and military tanks. B5 is considered to be five times harder than A4 steel which makes it more suitable for use in bulletproofing applications.
Application Insights:
The military use segment dominated the global luxury bulletproof vehicle market in 2017, accounting for over 60% of the overall revenue share. The growth can be attributed to increasing government expenditure on advanced security equipment for VIPs and dignitaries as well as high-risk police operations that require enhanced safety measures. Furthermore, countries such as India and China are focusing on enhancing their defense capabilities which will further propel demand from the military application segment.
The business use segment is expected to witness a CAGR of XX% from 2018 to 2030 owing to rising concerns regarding employee safety coupled with an increase in office robberies, targeted attacks and other crimes at corporate offices across the globe. In addition, companies operating in high-risk industries such as oil & gas face threats from organized crime networks which necessitates providing employees with robust security infrastructure at their workplace. This factor will drive demand for BUs globally during the forecast period.
Regional Analysis:
North America dominated the global market in 2017. The region is expected to maintain its position during the forecast period. This can be attributed to increasing demand for luxury vehicles and rising popularity of motor racing globally. Moreover, high disposable income of consumers in countries, such as U.S.
Asia Pacific is expected to register a significant growth rate over the next eight years owing to increasing government initiatives for providing security forces with bulletproof cars at affordable prices coupled with growing crime rates in some parts of Asia Pacific including India.
Growth Factors:
- Increasing disposable income of the affluent population: The growth in the luxury bulletproof vehicle market is mainly attributed to the increase in disposable income of the affluent population, especially in developing countries. This has led to an increase in demand for luxury cars and SUVs, which are available with features such as bulletproofing.
- Growing security concerns among high-net-worth individuals: The increasing number of terrorist attacks and other security threats around the world has led to a rise in security concerns among high-net-worth individuals (HNWIs). This has resulted in an increased demand for luxury bulletproof vehicles, which can provide enhanced safety and security.
- Proliferation of organized crime syndicates: Organized crime syndicates are increasingly using armored vehicles for their illegal activities such as transporting drugs, money laundering, etc., due to the increased risk associated with these activities. This is driving demand for armored vehicles including luxury bulletproof cars and SUVs.
- Technological advancements: The advancement of ballistic protection technologies is enabling manufacturers to offer better protection against bullets and explosives for luxury cars and SUVs. This is resulting in an increase in demand for these vehicles from buyers who prioritize safety & security over other factors such as style or brand name preference . 5) Rising awareness about benefits of owning a bulletproof car/SUV: There is a growing awareness about the benefits of owning a bulletproof car or SUV among HNWIs across different regions globally
Scope Of The Report
Report Attributes
Report Details
Report Title
Luxury Bulletproof Vehicle Market Research Report
By Type
B4, B5, B6, B7
By Application
Military Use, Business Use, Private Use
By Companies
Mercedes-Benz, BMW, Audi, STREIT Group, Centigon Security Group, INKAS, Armormax, DIMA HOLDINGS Co., Ltd, MSPV
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
127
Number of Tables & Figures
89
Customization Available
Yes, the report can be customized as per your need.
Global Luxury Bulletproof Vehicle Market Report Segments:
The global Luxury Bulletproof Vehicle 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:
- Mercedes-Benz
- BMW
- Audi
- STREIT Group
- Centigon Security Group
- INKAS
- Armormax
- DIMA HOLDINGS Co., Ltd
- MSPV
Highlights of The Luxury 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:
- 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 Luxury 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 luxury bulletproof vehicle is a type of armored car used for transportation and protection. These vehicles are typically very expensive, and are often equipped with state-of-the-art security features. They can be used to transport high-value individuals or cargo, and are often used by celebrities or wealthy businessmen.
Some of the major players in the luxury bulletproof vehicle market are Mercedes-Benz, BMW, Audi, STREIT Group, Centigon Security Group, INKAS, Armormax, DIMA HOLDINGS Co., Ltd, MSPV.
The luxury bulletproof vehicle 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 Luxury 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 Luxury Bulletproof Vehicle Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Luxury 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 Luxury 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 Luxury Bulletproof Vehicle Market Size & Forecast, 2020-2028
4.5.1 Luxury Bulletproof Vehicle Market Size and Y-o-Y Growth
4.5.2 Luxury 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 B4
5.2.2 B5
5.2.3 B6
5.2.4 B7
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 Use
6.2.2 Business Use
6.2.3 Private Use
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Luxury 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 Luxury 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 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 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 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 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 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 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 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 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 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 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 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) 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 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) 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 Luxury Bulletproof Vehicle Market: Competitive Dashboard
14.2 Global Luxury Bulletproof Vehicle Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Mercedes-Benz
14.3.2 BMW
14.3.3 Audi
14.3.4 STREIT Group
14.3.5 Centigon Security Group
14.3.6 INKAS
14.3.7 Armormax
14.3.8 DIMA HOLDINGS Co., Ltd
14.3.9 MSPV
