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North America Bullet Proof Glass Market 2027

Post Time:Apr 08,2020Classify:Industry NewsView:1340

Bullet proof glass market is expected to gain market growth in the forecast period of 2020 to 2027. Data Bridge Market Research analyses that the market is growing with a stronger CAGR of 16.1% in the forecast period of 2020 to 2027 and expected to reach USD 19,792.79 million by 2027. Growing demand of luxury cars and increasing need for bullet proof glasses in political rallies and events are the factors driving the market growth.


The North America Bullet Proof Glass Market report entails a comprehensive database on future market estimation based on historical data analysis. It enables the clients with quantified data for current market perusal. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and regional analysis. Listed out are key players, major collaborations, merger & acquisitions along with upcoming and trending innovation. Business policies are reviewed from the techno-commercial perspective demonstrating better results. The report contains granular information & analysis pertaining to the Bullet Proof Glass Market size, share, growth, trends, segment and forecasts from 2020-2027.

 

The major players covered in the report are Saint-Gobain, PPG Industries, Inc., AGC Inc., Schott AG, Taiwan Glass IND. CORP., Nippon Sheet Glass Co., Ltd, Armortex, Total Security Solutions (TSS), Apogee Enterprises, Inc., Binswanger Glass, Protective Structures, Centigon Security Group (A subsidiary of Carat Duchatelet Holdings), Armassglass, Stec Armour Glass (M) SDN BHD and many others.


Market Drivers:-

Increasing defence budgets by the North America countries, owing to which bulletproof glasses are being installed in the military vehicles and buildings is driving the growth of market. Bulletproof glasses are completely different from the conventional glasses. The stone-chip and scratch resistance and the anti-laser protection properties possessed by bulletproof glasses are expected to create opportunities for the market to grow in the military bases. For instance, China ranked second in terms of Defence Budget, having share of 14.0% in the world.


North America Bullet Proof Glass Market: Segmentation

North America bullet proof glass market is segmented into four notable segments which are based on the basis of type, security level, car make and end-user. The growth among segments helps you analyse niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.


On the basis of type, the market is segmented into acrylic, traditional laminated glass, polycarbonate, Glass-clad polycarbonate, ballistic insulated glass and others. Acrylic segment had accounted for the maximum share as they are most common raw material used in the manufacturing of any type of glass and also they are easily available.


On the basis of security level, the market is segmented into security level and standard security level. The security level accounted for the largest market share as the consumption of bullet proof glasses are high in China. They are majorly sold to the commercial as well as the residential building officials, as it follows all the ballistic bullet proof standards. In 2019, Total Security Solutions has increased the manufacturing capabilities of their Michigan facility located in the U.S. With this expansion, the company is expected to double the production of various solutions, thus helping to meet the requirements of customers across the globe.


On the basis of car make, the market is segmented into luxury, SUV, sedan, truck, minivan, convertible, coupe, hatchback and others. Luxury cars are dominating the market as major customers prefer to charge their vehicle at home when it is an ideal model available in every country and region with bulletproof glasses. For instance, In September, Taxas Armoring Corporation has announced an expansion in company while introducing luxury lightweight armoured passenger vehicles in Honduras, Central America. With this expansion, the company has manufactured various products in the country in a 40,000 square foot facility and will also provide complete services to their clients from production of parts to installation and replacement. .


On the basis of end-user, the market is segmented into Building & Construction, Banking & Finance, Automotive, Military, Others. Building & construction is dominating in the North America region since the country has a high GDP growth rate due to which the construction industry is growing at a rapid rate. For instance, Guardian Glass LLC. has expanded the manufacturing of coated glass and additional float by building a new plant at their Czestochowa facility, located in Poland. With this expansion, the company will be able to meet the increasing demand for fabricated, coated and float glass products across Europe.

Source: https://www.openpr.com/news/Author: shangyi

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