Market Overview:
The global vehicles armor 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 armored vehicles for commercial and military applications. The B4 level protection segment is expected to hold the largest share of the global vehicles armor market in 2018, followed by the B5 level protection segment. However, the B6 level protection segment is projected to grow at a higher CAGR during the forecast period from 2018 to 2030.
Product Definition:
A type of protection that is fitted to or mounted on a vehicle in order to protect occupants and the vehicle itself from gunfire, shrapnel, and other military threats.
B4 Level Protection:
B4 level protection is a type of armor that is used to protect the vital organs, such as the heart, lungs and liver. It also helps in protecting other body parts that are close to the target organ. The B4 level protection system uses composite materials and high-performance ceramics to provide effective damage reduction for military vehicles or heavy trucks against AK47 bullets, IED blasts or shrapnel and stabs.
B5 Level Protection:
B5 level protection is a type of passive Level Protection that is used to increase the thickness of the vehicle's armor. It can be applied to any part or component of a vehicle and it will raise its armor value by 50% against Penetration (AP) bullets and shell. The B5 level protection system uses steel plates, which are placed in strategic locations on a car or truck’s body to offer better protection.
Application Insights:
Based on application, the global vehicles armor market has been segmented into commercial use vehicles, tracked vehicles, military trucks and others. The commercial use vehicle segment dominated the overall industry in terms of revenue in 2017. Increasing number of fatal crashes involving passenger cars and light-duty trucks is expected to drive demand for armored cars over the forecast period.
The growth of this segment can be attributed to rising sales of armored trucks by governments worldwide due to increasing crime rates and terrorist activities across countries such as Mexico, Colombia Brazil etc. Furthermore, companies such as Daimler have developed Mercedes Benz Unimog range with enhanced levels of safety for government customers worldwide which is further anticipated to propel demand over next eight years.
The tracked vehicle segment accounted for a significant share in 2017 owing to increased usage by militaries around the world including U.S.
Regional Analysis:
North America dominated the global vehicles armor market in terms of revenue share in 2017. The U.S., being a developed economy, is expected to witness higher penetration of Level 4 and 5 protective plates than other regions. However, Asia Pacific is anticipated to be the fastest-growing segment over the forecast period owing to increasing investments by governments for improving security infrastructure at various levels as well as growing demand for improved safety standards across several commercial sectors including automotive industry. Moreover, rising instances of vehicle theft are also propelling regional growth.
The Asia Pacific region accounted for over 30% share in terms of volume and is expected to grow significantly from 2018 to 2030 due mainlyto an increase in sales volume of passenger cars especially premium ones with enhanced level off protection features such as bulletproof glass or armored plating on board which can withstand small arms fire or shell splinters thus reducing fatalities.
Growth Factors:
- Increasing demand for vehicles armor from military and law enforcement agencies across the globe due to rising security concerns.
- Growing investments by automakers in the development of advanced lightweight armor technologies for vehicles.
- Proliferation of asymmetric warfare and terrorist threats, which is driving the demand for armored vehicles globally.
- Rising number of civilian casualties owing to increasing incidents of terror attacks and cross-border firing, which is fueling the demand for armored cars and SUVs in developing countries such as India and China.
Scope Of The Report
Report Attributes
Report Details
Report Title
Vehicles Armor Market Research Report
By Type
B4 Level Protection, B5 Level Protection, B6 Level Protection, B7 Level Protection, Others
By Application
Commercial Use Vehicles, Tracked Vehicles, Military Trucks, Others
By Companies
INKAS, Rheinmetall, International Armoring Corporation, Armored Group, LLC (TAG), Lenco Industries, Inc, STREIT Group, Armour Group, Inc, Griffin, Inc, Hardwire LLC, INKAS
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
229
Number of Tables & Figures
161
Customization Available
Yes, the report can be customized as per your need.
Global Vehicles Armor Market Report Segments:
The global Vehicles Armor market is segmented on the basis of:
Types
B4 Level Protection, B5 Level Protection, B6 Level Protection, B7 Level Protection, 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
Commercial Use Vehicles, Tracked Vehicles, Military Trucks, 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:
- INKAS
- Rheinmetall
- International Armoring Corporation
- Armored Group, LLC (TAG)
- Lenco Industries, Inc
- STREIT Group
- Armour Group, Inc
- Griffin, Inc
- Hardwire LLC
- INKAS
Highlights of The Vehicles Armor 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 Level Protection
- B5 Level Protection
- B6 Level Protection
- B7 Level Protection
- Others
- By Application:
- Commercial Use Vehicles
- Tracked Vehicles
- Military Trucks
- 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 Vehicles Armor 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?
Vehicles armor is a type of armor that is used on vehicles. Vehicles armor can protect the vehicle from damage in combat or while driving.
Some of the major players in the vehicles armor market are INKAS, Rheinmetall, International Armoring Corporation, Armored Group, LLC (TAG), Lenco Industries, Inc, STREIT Group, Armour Group, Inc, Griffin, Inc, Hardwire LLC, INKAS.
The vehicles armor 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 Vehicles Armor 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 Vehicles Armor Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Vehicles Armor 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 Vehicles Armor 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 Vehicles Armor Market Size & Forecast, 2018-2028
4.5.1 Vehicles Armor Market Size and Y-o-Y Growth
4.5.2 Vehicles Armor Market Absolute $ Opportunity
Chapter 5 Global Vehicles Armor 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 Vehicles Armor Market Size Forecast by Type
5.2.1 B4 Level Protection
5.2.2 B5 Level Protection
5.2.3 B6 Level Protection
5.2.4 B7 Level Protection
5.2.5 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Vehicles Armor 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 Vehicles Armor Market Size Forecast by Applications
6.2.1 Commercial Use Vehicles
6.2.2 Tracked Vehicles
6.2.3 Military Trucks
6.2.4 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Vehicles Armor 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 Vehicles Armor 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 Vehicles Armor Analysis and Forecast
9.1 Introduction
9.2 North America Vehicles Armor 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 Vehicles Armor Market Size Forecast by Type
9.6.1 B4 Level Protection
9.6.2 B5 Level Protection
9.6.3 B6 Level Protection
9.6.4 B7 Level Protection
9.6.5 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 Vehicles Armor Market Size Forecast by Applications
9.10.1 Commercial Use Vehicles
9.10.2 Tracked Vehicles
9.10.3 Military Trucks
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 Vehicles Armor Analysis and Forecast
10.1 Introduction
10.2 Europe Vehicles Armor 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 Vehicles Armor Market Size Forecast by Type
10.6.1 B4 Level Protection
10.6.2 B5 Level Protection
10.6.3 B6 Level Protection
10.6.4 B7 Level Protection
10.6.5 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 Vehicles Armor Market Size Forecast by Applications
10.10.1 Commercial Use Vehicles
10.10.2 Tracked Vehicles
10.10.3 Military Trucks
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 Vehicles Armor Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Vehicles Armor 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 Vehicles Armor Market Size Forecast by Type
11.6.1 B4 Level Protection
11.6.2 B5 Level Protection
11.6.3 B6 Level Protection
11.6.4 B7 Level Protection
11.6.5 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 Vehicles Armor Market Size Forecast by Applications
11.10.1 Commercial Use Vehicles
11.10.2 Tracked Vehicles
11.10.3 Military Trucks
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 Vehicles Armor Analysis and Forecast
12.1 Introduction
12.2 Latin America Vehicles Armor 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 Vehicles Armor Market Size Forecast by Type
12.6.1 B4 Level Protection
12.6.2 B5 Level Protection
12.6.3 B6 Level Protection
12.6.4 B7 Level Protection
12.6.5 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 Vehicles Armor Market Size Forecast by Applications
12.10.1 Commercial Use Vehicles
12.10.2 Tracked Vehicles
12.10.3 Military Trucks
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) Vehicles Armor Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Vehicles Armor 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) Vehicles Armor Market Size Forecast by Type
13.6.1 B4 Level Protection
13.6.2 B5 Level Protection
13.6.3 B6 Level Protection
13.6.4 B7 Level Protection
13.6.5 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) Vehicles Armor Market Size Forecast by Applications
13.10.1 Commercial Use Vehicles
13.10.2 Tracked Vehicles
13.10.3 Military Trucks
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 Vehicles Armor Market: Competitive Dashboard
14.2 Global Vehicles Armor Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 INKAS
14.3.2 Rheinmetall
14.3.3 International Armoring Corporation
14.3.4 Armored Group, LLC (TAG)
14.3.5 Lenco Industries, Inc
14.3.6 STREIT Group
14.3.7 Armour Group, Inc
14.3.8 Griffin, Inc
14.3.9 Hardwire LLC
14.3.10 INKAS
