The Global Bulletproof Glass Market accounted for USD 3.5 billion in 2016 and is projected to grow at a CAGR of 13.4% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.
Market Definition: Global Bulletproof Glass Market
Bulletproof glasses are constructed using layers of various laminated glasses. Experts believe that more the layers, higher is the protection. Bulletproof glasses are used in residential construction, commercial facilities, financial institutions, and transaction products. The military segment witnesses the major use of bulletproof glasses.
Major Market Drivers : Global Bulletproof Glass Market
- Increasing sales of luxury cars
- Militarization of the law enforcement agencies of different countries
- Increasing automotive and commercial applications of bulletproof glass
Market Restraint : Global Bulletproof Glass Market
- Declining defense budgets of developed economies
Market Segmentation: Global Bulletproof Glass Market
The bulletproof glass market is segmented on the basis of security levels into security level 1, security level 2, security level 3, and security level 4 to 8.
On the basis of application, the market is segmented into government & law enforcements, defense & VIP vehicles, ATM booths & teller stations, cash-in-transit vehicles, commercial buildings, others. Defense & VIP vehicles segment is expected to witness the highest demand from the automotive sector over the forecast period.
On the basis of end users, the market is segmented into construction, automotive, banking & finance, military, and others.
On the basis of geography, the bulletproof glass market report covers data points for 28 countries across multiple geographies such as North America, South America, Europe, Asia-Pacific and Middle East & Africa. Some of the major countries covered in this report are U.S., Canada, Germany, France, U.K., Netherlands, Switzerland, Turkey, Russia, China, India, South Korea, Japan, Australia, Singapore, Saudi Arabia, South Africa, and Brazil among others. In 2017, Asia-Pacific is expected to dominate the market.
Competitive Landscape: Global Bulletproof Glass Market
The Global Bulletproof Glass Market is consolidated due to the presence of a limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Major Market Competitors: Global Bulletproof Glass Market
Some of the major players in the Bulletproof Glass Market include Asahi Glass Co., Ltd, China Specialty Glass AG, Nippon Sheet Co., Ltd., National Glass, Apogee Enterprises, Inc., D.W. Price Security, Saint-Gobain S.A., Consolidated Glass Holdings, Inc. and many more.
Research Methodology: Global Bulletproof Glass Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request an Analyst Call or can drop down your inquiry.
The key research methodology used by DBMR Research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
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