Bulletproof Vest Global Market Report 2024

Description

“Bulletproof Vest Global Market Report 2024 ” from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.

This report focuses on bulletproof vest market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.

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Assess the Russia - Ukraine war's impact on agriculture, energy and mineral commodity supply and its direct and indirect impact on the market.
Measure the impact of high global inflation on market growth.
Create regional and country strategies on the basis of local data and analysis.
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Outperform competitors using forecast data and the drivers and trends shaping the market.
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Where is the largest and fastest growing market for bulletproof vest? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? “The bulletproof vest market global report ” from The Business Research Company answers all these questions and many more.

The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.

Scope

Markets Covered:

1) By Type: Soft Vest; Hard Vest
2) By Material: Kevlar; Ultra High Molecular Weight Polyethylene; Graphene
3) By Application: Covert; Overt
4) By End User: Military; Law Enforcement
Companies Mentioned: Wenzhou Start Co Ltd; VestGuard UK Limited; U.S. Armor Corporation; Point Blank Enterprises Inc.; MKU Limited
Countries: Australia; Brazil; China; France; Germany; India; Indonesia; Japan; Russia; South Korea; UK; USA; Canada; Italy; Spain
Regions: Asia-Pacific; Western Europe; Eastern Europe; North America; South America; Middle East; Africa
Time series: Five years historic and ten years forecast.
Data: Ratios of market size and growth to related markets, GDP proportions, expenditure per capita,
Data segmentations: country and regional historic and forecast data, market share of competitors, market segments.
Sourcing and Referencing: Data and analysis throughout the report is sourced using end notes.
Delivery format: PDF, Word and Excel Data Dashboard.

Executive Summary

A bulletproof vest, also known as a ballistic vest, is a protective garment worn by individuals to safeguard the torso against bullets, knives, and explosives. These vests are designed to absorb the impact and either reduce or completely prevent penetration from various types of attacks, including bullets and fragments from explosions. They are typically constructed by layering woven or laminated fibers, and may include additional protection from metal ballistic plates or ceramic inserts.

The primary types of bulletproof vests are soft vests and hard vests. Soft vests are crafted using strong woven fibers that can be integrated into the fabric. Kevlar is a commonly used material in soft vests, woven into a dense net to effectively absorb a significant amount of energy. Bulletproof vest materials may include Kevlar, ultra-high molecular weight polyethylene, and graphene. The main end-users of bulletproof vests are military and law enforcement personnel.

The bulletproof vest market research report is one of a series of new reports from The Business Research Company that provides bulletproof vest market statistics, including bulletproof vest industry global market size, regional shares, competitors with a bulletproof vest market share, detailed bulletproof vest market segments, market trends and opportunities, and any further data you may need to thrive in the bulletproof vest industry. This bulletproof vest market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry.

The bulletproof vest market size has grown strongly in recent years. It will grow from $1.64 in 2023 to $1.79 in 2024 at a compound annual growth rate (CAGR) of 9.4%. The growth observed during the historical period can be attributed to various factors, including the rise in crime rates, geopolitical conflicts, military modernization efforts, government regulations and mandates, and population growth.

The bulletproof vest market size is expected to see strong growth in the next few years. It will grow to $2.51 in 2028 at a compound annual growth rate (CAGR) of 8.9%. The anticipated growth in the forecast period can be attributed to increasing concerns about personal safety and security, rising defense spending, the expansion of civilian markets, and the ongoing trend of increasing urbanization. Key trends expected during this period include the integration of smart armor, the adoption of sustainability and eco-friendly materials, the development of lightweight and flexible designs, the focus on multi-threat protection, and the incorporation of body-worn cameras in bulletproof vests.

The expansion of military expenditure, both in developed and emerging countries, is a key driver for the growth of the bulletproof vest market. The surge in military spending has led to substantial procurement of bulletproof vests for armed forces globally. According to the Stockholm International Peace Research Institute (SIPRI), the world's military expenditure reached nearly $2 trillion in 2020, indicating a 2.6% increase from the previous year. This upswing in military spending underscores the heightened demand for protective gear, positively influencing the bulletproof vest market.

Anticipated growth in civil unrest on a global scale is poised to be a significant factor driving the bulletproof vest market in the coming years. Civil unrest encompasses situations involving conflicts and fighting among different groups within a country, often resulting in uninsured losses. The escalation of civil unrest, marked by protests, demonstrations, and conflicts, is amplifying the need for bulletproof vests. These protective garments are crucial for personal safety in volatile environments and are utilized by various individuals, including law enforcement, security personnel, journalists, and civilians, to mitigate the risks of injury from gunfire or projectiles. In September 2022, Verisk Analytics reported a notable increase in civil unrest across 101 countries during the June to August 2022 quarter. The rise in civil unrest is attributed to various factors, including governments grappling with the consequences of inflation affecting essential food and energy prices. As a result, a substantial number of nations are classified as high- or extreme-risk on the Civil Unrest Index (CUI), indicating a persistent demand for bulletproof vests in regions facing heightened socio-political challenges.

The bulletproof vest market is witnessing a trend of innovative product development as companies focus on enhancing their offerings. Notably, the Defense Research and Development Organization (DRDO) in India has introduced a lightweight bulletproof jacket weighing approximately 9 kg, meeting the quality standards required for military personnel. The indigenous technology incorporated in this jacket has successfully reduced its weight from 10.4 kg to the specified 9 kg, showcasing advancements in product development.

In September 2023, Ace Link Armor, a prominent US-based manufacturer specializing in bulletproof vests and body armor products, embarked on a strategic partnership with Glagio Do Brasil for an undisclosed sum. This collaboration is poised to reshape industry standards by introducing high-quality body armor products to the US market. Glagio Do Brasil, based in Brazil, is a manufacturer specializing in ballistic shielding and protection projects, including vehicle armor, bulletproof vests, ballistic helmets, and various other body armor products. The partnership signifies a joint effort to bring cutting-edge protective solutions to the forefront of the bulletproof vest market.

Major companies operating in the bulletprrof vest market include Wenzhou Start Co Ltd., VestGuard UK Limited, U.S. Armor Corporation, Point Blank Enterprises Inc., MKU Limited, MARS Armor, Infidel Body Armor, Honeywell International Inc., EnGarde LLC, E. I. du Pont de Nemours and Company, Armourshield Ltd., Armor Express Inc., Central Lake Armor Express Inc., Compass International Corp, Condor Outdoor Products Inc., White Horse Research and Development Inc., Renco Corporation, Tex Tech Industries Inc., SAE International, Canadian Armour Ltd., SafeVest LLC, AAM Armor LLC, AA Shield Ltd., Ace Link Armor Inc., Adept Armor LLC, Alpine Armoring Inc., American Body Armor and Equipment Inc., Angel Armor LLC, Anorak Hellas Ltd., ARGUS Armour Inc.

Asia-Pacific was the largest region in the bulletproof vest market in 2023. South America is expected to be the fastest-growing region in the forecast period. The regions covered in the bulletproof vest market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

The countries covered in the bulletproof vest market report are: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

The bulletproof vest market consists of sales of soft armor plates, hard armor plates, concealed vest, and full body tactical armor. Values in this market are 'factory gate' values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).

The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.

Product Code: r9422

1. Executive Summary

2. Bulletproof Vest Market Characteristics

3. Bulletproof Vest Market Trends And Strategies

4. Bulletproof Vest Market - Macro Economic Scenario

4.1. Impact Of High Inflation On The Market
4.2. Ukraine-Russia War Impact On The Market
4.3. COVID-19 Impact On The Market

5. Global Bulletproof Vest Market Size and Growth

5.1. Global Bulletproof Vest Market Drivers and Restraints
- 5.1.1. Drivers Of The Market
- 5.1.2. Restraints Of The Market
5.2. Global Bulletproof Vest Historic Market Size and Growth, 2018 - 2023, Value ($ Billion)
5.3. Global Bulletproof Vest Forecast Market Size and Growth, 2023 - 2028, 2033F, Value ($ Billion)

6. Bulletproof Vest Market Segmentation

6.1. Global Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Soft Vest
Hard Vest
6.2. Global Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Covert
Overt
6.3. Global Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
Military
Law Enforcement

7. Bulletproof Vest Market Regional And Country Analysis

7.1. Global Bulletproof Vest Market, Split By Region, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
7.2. Global Bulletproof Vest Market, Split By Country, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

8. Asia-Pacific Bulletproof Vest Market

8.1. Asia-Pacific Bulletproof Vest Market Overview
Region Information, Impact Of COVID-19, Market Information, Background Information, Government Initiatives, Regulations, Regulatory Bodies, Major Associations, Taxes Levied, Corporate Tax Structure, Investments, Major Companies
8.2. Asia-Pacific Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.3. Asia-Pacific Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
8.4. Asia-Pacific Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

9. China Bulletproof Vest Market

9.1. China Bulletproof Vest Market Overview
9.2. China Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.3. China Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion
9.4. China Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F,$ Billion

10. India Bulletproof Vest Market

10.1. India Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.2. India Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
10.3. India Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

11. Japan Bulletproof Vest Market

11.1. Japan Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.2. Japan Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
11.3. Japan Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

12. Australia Bulletproof Vest Market

12.1. Australia Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.2. Australia Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
12.3. Australia Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

13. Indonesia Bulletproof Vest Market

13.1. Indonesia Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.2. Indonesia Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
13.3. Indonesia Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

14. South Korea Bulletproof Vest Market

14.1. South Korea Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.2. South Korea Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
14.3. South Korea Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

15. Western Europe Bulletproof Vest Market

15.1. Western Europe Bulletproof Vest Market Overview
15.2. Western Europe Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.3. Western Europe Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
15.4. Western Europe Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

16. UK Bulletproof Vest Market

16.1. UK Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.2. UK Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
16.3. UK Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

17. Germany Bulletproof Vest Market

17.1. Germany Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.2. Germany Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
17.3. Germany Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

18. France Bulletproof Vest Market

18.5. France Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.6. France Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
18.7. France Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

19. Italy Bulletproof Vest Market

19.9. Italy Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.10. Italy Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
19.11. Italy Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

20. Spain Bulletproof Vest Market

20.13. Spain Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.14. Spain Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
20.15. Spain Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

21. Eastern Europe Bulletproof Vest Market

21.1. Eastern Europe Bulletproof Vest Market Overview
21.2. Eastern Europe Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.3. Eastern Europe Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
21.4. Eastern Europe Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

22. Russia Bulletproof Vest Market

22.1. Russia Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.2. Russia Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
22.3. Russia Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

23. North America Bulletproof Vest Market

23.1. North America Bulletproof Vest Market Overview
23.2. North America Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.3. North America Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
23.4. North America Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

24. USA Bulletproof Vest Market

24.1. USA Bulletproof Vest Market Overview
24.2. USA Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.3. USA Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
24.4. USA Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

25. Canada Bulletproof Vest Market

25.1. Canada Bulletproof Vest Market Overview
25.2. Canada Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.3. Canada Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
25.4. Canada Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

26. South America Bulletproof Vest Market

26.1. South America Bulletproof Vest Market Overview
26.2. South America Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.3. South America Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
26.4. South America Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

27. Brazil Bulletproof Vest Market

27.1. Brazil Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.2. Brazil Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
27.3. Brazil Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

28. Middle East Bulletproof Vest Market

28.1. Middle East Bulletproof Vest Market Overview
28.2. Middle East Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.3. Middle East Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
28.4. Middle East Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

29. Africa Bulletproof Vest Market

29.1. Africa Bulletproof Vest Market Overview
29.2. Africa Bulletproof Vest Market, Segmentation By Type, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.3. Africa Bulletproof Vest Market, Segmentation By Application, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion
29.4. Africa Bulletproof Vest Market, Segmentation By End User, Historic and Forecast, 2018-2023, 2023-2028F, 2033F, $ Billion

30. Bulletproof Vest Market Competitive Landscape And Company Profiles

30.1. Bulletproof Vest Market Competitive Landscape
30.2. Bulletproof Vest Market Company Profiles
- 30.2.1. Wenzhou Start Co Ltd
  - 30.2.1.1. Overview
  - 30.2.1.2. Products and Services
  - 30.2.1.3. Strategy
  - 30.2.1.4. Financial Performance
- 30.2.2. VestGuard UK Limited
  - 30.2.2.1. Overview
  - 30.2.2.2. Products and Services
  - 30.2.2.3. Strategy
  - 30.2.2.4. Financial Performance
- 30.2.3. U.S. Armor Corporation
  - 30.2.3.1. Overview
  - 30.2.3.2. Products and Services
  - 30.2.3.3. Strategy
  - 30.2.3.4. Financial Performance
- 30.2.4. Point Blank Enterprises Inc.
  - 30.2.4.1. Overview
  - 30.2.4.2. Products and Services
  - 30.2.4.3. Strategy
  - 30.2.4.4. Financial Performance
- 30.2.5. MKU Limited
  - 30.2.5.1. Overview
  - 30.2.5.2. Products and Services
  - 30.2.5.3. Strategy
  - 30.2.5.4. Financial Performance

31. Global Bulletproof Vest Market Competitive Benchmarking

32. Global Bulletproof Vest Market Competitive Dashboard

33. Key Mergers And Acquisitions In The Bulletproof Vest Market

34. Bulletproof Vest Market Future Outlook and Potential Analysis

34.1 Bulletproof Vest Market In 2028 - Countries Offering Most New Opportunities
34.2 Bulletproof Vest Market In 2028 - Segments Offering Most New Opportunities
34.3 Bulletproof Vest Market In 2028 - Growth Strategies
34.3.1 Market Trend Based Strategies
34.3.2 Competitor Strategies

35. Appendix

35.1. Abbreviations
35.2. Currencies
35.3. Historic And Forecast Inflation Rates
35.4. Research Inquiries
35.5. The Business Research Company
35.6. Copyright And Disclaimer