Market Overview:
The global private bodyguard service market is expected to grow at a CAGR of 5.8% from 2018 to 2030. The market growth is attributed to the increasing demand for personal security services owing to the rising crime rates and terrorist threats across the globe. In addition, the growing awareness about safety and security among individuals has led to an increase in demand for private bodyguard services. The global private bodyguard service market can be segmented on the basis of type, application, and region. On the basis of type, it can be divided into service and equipment segments. The service segment dominates the global market due to rising concerns over personal safety among individuals across all regions. On the basis of application, it can be classified into commercial and personal segments. The commercial segment dominates due its growing need for security by businesses operating in high-risk areas such as airports, stadiums, financial institutions etc.
Product Definition:
Private bodyguard service is a professional service that provides security for individuals, families, and organizations. The importance of private bodyguard service is that it can provide protection from physical harm and/or property damage.
Service:
Service is a field that has been evolving continuously. With the growing demand for security, safety and assistance services in both personal and professional capacities, the market for service has witnessed significant growth over the past few years. The demand for protection or security services from individuals as well as organizations have increased exponentially owing to several factors such as rise in crime rates, terrorist attacks and threats to public order & safety along with rapid globalization which exposed people to new risks.
Equipment:
Equipment is the main part of any bodyguard service. It includes all the necessary gears and weapons required to perform a duty as a bodyguard. The global market for equipment is expected to witness significant growth over the forecast period owing to increasing demand from various end-use industries such as entertainment, corporate, security & law enforcement, and military among others.
Application Insights:
The commercial application segment held the largest share of over 70.0% in 2017. The growth is attributed to the increasing demand for private security services by prominent personalities, corporate entities and other institutions to ensure their safety and security. In addition, governments are also employing private bodyguards on a contract basis as part of protective services for VIPs or high-risk targets. Increasing threats against prominent individuals from criminal elements including gangs, terrorist organizations and political radicals has led to an increased need for protection across various applications globally which is expected to drive the market growth over the forecast period.
Personal application accounted for a significant share in 2017 owing to rising awareness about personal safety among individuals globally due largelyto increasing crime rates coupled with volatile political situations across various regions in the world such as Africa, Asia Pacific.
Regional Analysis:
Asia Pacific private bodyguard service market is expected to grow at the highest CAGR of XX% from 2018 to 2030. This growth can be attributed to increasing crime rates in countries such as India and China, which has led the governments of these countries to employ private security services for their protection. In addition, rising political instability in South East Asian countries such as Indonesia and Philippines is anticipated to drive regional demand for PGS. Furthermore, growing terrorist activities across North America and Europe are likely candidates for triggering an upsurge in demand for PGS over the forecast period.
The Middle East & Africa region accounted for a share of more than 10% among all regions owing its proximity with major markets including North America and Europe that have been driving growth in this region since 2016.
Growth Factors:
- Increasing crime rates and terrorist threats across the globe are expected to drive the demand for private bodyguard services over the forecast period.
- Growing awareness about safety and security among people is anticipated to fuel the growth of private bodyguard service market.
- Rising disposable income of consumers is projected to boost spending on security services, thereby propelling demand for private bodyguard services during the forecast period.
- Proliferation of small arms and increasing use of firearms by criminals are some of the key factors that are expected to fuel demand for private bodyguard services in near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Private Bodyguard Service Market Research Report
By Type
Service, Equipment
By Application
Commercial, Personal
By Companies
G4S, Securitas, Allied Universal, US Security Associates, SIS, TOPSGRUP, Beijing Baoan, OCS Group, ICTS Europe, Transguard, Andrews International, Control Risks, Covenant, China Security & Protection Group, Axis Security, DWSS
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
174
Number of Tables & Figures
122
Customization Available
Yes, the report can be customized as per your need.
Global Private Bodyguard Service Market Report Segments:
The global Private Bodyguard Service market is segmented on the basis of:
Types
Service, Equipment
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
Commercial, Personal
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:
- G4S
- Securitas
- Allied Universal
- US Security Associates
- SIS
- TOPSGRUP
- Beijing Baoan
- OCS Group
- ICTS Europe
- Transguard
- Andrews International
- Control Risks
- Covenant
- China Security & Protection Group
- Axis Security
- DWSS
Highlights of The Private Bodyguard Service 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:
- Service
- Equipment
- By Application:
- Commercial
- Personal
- 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 Private Bodyguard Service 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?
Private bodyguard service is a type of security service that provides personal protection for individuals or groups. This can include guarding an individual during their travels, protecting a business or organization from threats, and providing security at events.
Some of the key players operating in the private bodyguard service market are G4S, Securitas, Allied Universal, US Security Associates, SIS, TOPSGRUP, Beijing Baoan, OCS Group, ICTS Europe, Transguard, Andrews International, Control Risks, Covenant, China Security & Protection Group, Axis Security, DWSS.
The private bodyguard service 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 Private Bodyguard Service 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 Private Bodyguard Service Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Private Bodyguard Service 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 Private Bodyguard Service 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 Private Bodyguard Service Market Size & Forecast, 2018-2028
4.5.1 Private Bodyguard Service Market Size and Y-o-Y Growth
4.5.2 Private Bodyguard Service Market Absolute $ Opportunity
Chapter 5 Global Private Bodyguard Service 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 Private Bodyguard Service Market Size Forecast by Type
5.2.1 Service
5.2.2 Equipment
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Private Bodyguard Service 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 Private Bodyguard Service Market Size Forecast by Applications
6.2.1 Commercial
6.2.2 Personal
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Private Bodyguard Service 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 Private Bodyguard Service 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 Private Bodyguard Service Analysis and Forecast
9.1 Introduction
9.2 North America Private Bodyguard Service 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 Private Bodyguard Service Market Size Forecast by Type
9.6.1 Service
9.6.2 Equipment
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 Private Bodyguard Service Market Size Forecast by Applications
9.10.1 Commercial
9.10.2 Personal
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 Private Bodyguard Service Analysis and Forecast
10.1 Introduction
10.2 Europe Private Bodyguard Service 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 Private Bodyguard Service Market Size Forecast by Type
10.6.1 Service
10.6.2 Equipment
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 Private Bodyguard Service Market Size Forecast by Applications
10.10.1 Commercial
10.10.2 Personal
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 Private Bodyguard Service Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Private Bodyguard Service 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 Private Bodyguard Service Market Size Forecast by Type
11.6.1 Service
11.6.2 Equipment
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 Private Bodyguard Service Market Size Forecast by Applications
11.10.1 Commercial
11.10.2 Personal
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 Private Bodyguard Service Analysis and Forecast
12.1 Introduction
12.2 Latin America Private Bodyguard Service 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 Private Bodyguard Service Market Size Forecast by Type
12.6.1 Service
12.6.2 Equipment
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 Private Bodyguard Service Market Size Forecast by Applications
12.10.1 Commercial
12.10.2 Personal
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) Private Bodyguard Service Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Private Bodyguard Service 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) Private Bodyguard Service Market Size Forecast by Type
13.6.1 Service
13.6.2 Equipment
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) Private Bodyguard Service Market Size Forecast by Applications
13.10.1 Commercial
13.10.2 Personal
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 Private Bodyguard Service Market: Competitive Dashboard
14.2 Global Private Bodyguard Service Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 G4S
14.3.2 Securitas
14.3.3 Allied Universal
14.3.4 US Security Associates
14.3.5 SIS
14.3.6 TOPSGRUP
14.3.7 Beijing Baoan
14.3.8 OCS Group
14.3.9 ICTS Europe
14.3.10 Transguard
14.3.11 Andrews International
14.3.12 Control Risks
14.3.13 Covenant
14.3.14 China Security & Protection Group
14.3.15 Axis Security
14.3.16 DWSS
