According to Goldstein Research, “Growing consciousness for commercial security and innovated clothing for personal protection are the major key factors for the growth of Bullet Proof Clothing Market.” Moreover, specialized services to fulfill the specific requirements according to the lifestyle and unique product demand has also augmented the demand for bulletproof clothing in past few years.
“Global Bullet Proof Clothing Market Outlook 2024”
The global bulletproof clothing market is segmented based on product type and by end users. End users are further bifurcated into defense, law enforcement bodies and civilians/VIPs. In 2016, defense sector accounted for the largest revenue of about 60% in the global bulletproof clothing market. On the other hand, civilian/VIP consumers segment is one of the most attractive and niche segment growing at a significant rate with attractive and innovative clothing offerings.
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Global bulletproof clothing market accounted for USD 3.7 billion in 2016 and the market is expected to reach USD 5.8 billion by the end of 2024. Further, the market is anticipated to expand at a compound annual growth rate of 5.4% over the forecast period i.e. 2016-2024.
North America is the largest region for bulletproof clothing market in 2016 and is expected to dominate the market during the forecast period of 2016-2024. In the United States, body armour manufacturing is a USD 470.0 million-a-year industry and is estimated to reach USD 720.0 million by 2024. Additionally, the upsurge in the defense budget of the United States, in 2017, is anticipated to fuel the demand for bulletproof clothing and vests in the North American region.
Fashionable Bullet Proof Clothing: Major Trend
Growing threats from terrorism and raising consciousness for the security of VIP personnel has led to the unprecedented sales of bulletproof clothing. The bulletproof clothing manufacturers aren't just selling tactical vests, but also armored jackets, dress suits, T-shirts for personal protection– even ballistic corsets and a wetsuit. For instance, Miguel Caballero, a major bulletproof clothing manufacturing company based in Colombia, stated that its majority of products are sold to business executives, law enforcement and world presidents in 11 countries.
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“Global Bullet Proof Clothing Market Outlook 2024” contains a detailed overview of the global bulletproof clothing market in terms of market segmentation by product type and by end users.
Further, for the in-depth analysis, the report encompasses the industry growth drivers, market challenges, risk analysis, market attractiveness, BPS (Base Point Scale) analysis, Porter’s five force model and SWOT analysis.
Global Bullet Proof Clothing Market Report also provides a competitive outlook of some of the major players which includes profiling of companies such asVestGuard UK, Canarmor, Black Hawk, Aspetto, Miguel Caballero, EnGarde, Infidel Body Armor, Point Blank Enterprises Inc., MARS Armoretc. The company profiles include business strategy, geographical revenue distribution, major information of the companies which encompasses business outlook, products, services, and industries catered, financial analysis of the company and recent developments.
Overall, the report represents comprehensive synopsis on the global bulletproof clothing market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market-centric strategies according to the ongoing and expected trends in the future.
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