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Advanced Protective Gear and Armor Market Size 2021 | Global Companies, Consumption, Drivers, Top Leading Countries, Trends, Forces Analysis, Revenue, Challenges and Global Forecast 2023
Posted on May 5 2021 9:00 AM
"Advanced Protective Gear and Armor Market Research Report covers segment data, including: type segment, industry segment, channel segment etc. cover different segment Advanced Protective Gear and Armor Market size, both volume and value. Also cover different industries client's information, which is very important for the manufacturers with Forecast Period 2021-2023.
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Global Advanced Protective Gear and Armor Market Research Report study covers the global and regional market with an in-depth analysis of the overall growth prospects in the market. Furthermore, it sheds impact on the comprehensive competitive landscape of the global market. The report further offers a dashboard overview of leading companies encompassing their successful marketing strategies, market contribution, recent developments in both historic and present contexts.Advanced Protective Gear and Armor Market Research Report is highly research-intensive, powered by high R & D investment, and it possesses a strong product analysis to maintain growth and ensure long-term revenue generation.
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Advanced Protective Gear and Armor Market report offers a comprehensive view regarding the competitive landscape of the Advanced Protective Gear and Armor market and includes a deep description of performance by some of the key global players completing in the market. It offers a list of latest updates of several business strategies including mergers, acquisitions, partnerships, product launch, expansion of production units, and collaborations adopted by these major global players. The report provides a clear picture regarding R & D investment from key players and adoption of innovative technologies to widen their consumer base and expand the existing competitive position. Moreover, the report offers a detailed information about the position, scope of growth, and opportunities of new entrants or players in the market.
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The global advanced protective gear and armor market was estimated at USD 13.93 billion in 2017. The market is expected to reach USD 18.40 billion by the end of 2022, registering a CAGR of 4.75% during the forecast period (2018 - 2023).
The advanced protective gear and armor market is expected to witness steady growth across the world, owing to the high frequency of terrorist activities and related geopolitical events. Though protective gear remains an integral part of the defense industry, it is not reflected in the expenditure and only a small amount is allocated for the purchase of protective gear. Emphasis on mobility and comfort has been a widely-accepted trend across different manufacturing verticals, as ease of movement is very critical in intense situations.
The evolution of wearable technology is further expected to boost the industry demand for advanced protective gears that are integrated with sensors and other assisting technologies, which can help report any vital stress signals and other information to signal the safety state of the employee. Leading manufacturers in the market have entered the developing economies to fuel the growth of brands, take advantage of the large untapped potential, and exploit the opportunity to enhance their hold on the global protective gear and armor market.
INCREASING SAFETY AWARENESS ACROSS THE INDUSTRIES TO DRIVE THE MARKET GROWTH
Countries have been making safety regulations more stringent than before. The enforcement of these stringent regulations helped to increase the levels of awareness among both employers and workers across the industries. Labelling products is aimed at informing the workers regarding the hazards from which these products offer protection. This initiative has resulted in significant increase in awareness among the industry workers, particularly within the construction industry. Considering the direct and indirect monetary losses, organizations that involve in physical risks are persistently insisting their employees on using the correct personal protective equipment to avoid accidental damage. Replacing skilled workforce is not an easy task, which further prompts the organizations to stress on the importance of their employees using protective equipment. These organizations often conduct safety awareness drives and training sessions to educate their respective workforce regarding the safety and related precautionary measures, which hold a critical importance in ensuring the safety of the employees.
INDUSTRIAL SECTOR TO DOMINATE THE MARKET
The Government of China has recommended the use of advanced protective gears and armors across industrial hubs for improving safety measures. Moreover, most of the developing countries in APAC and Europe are undertaking the policy-level initiatives for the use of protective gears and fiscal measures for funding requisite technological safety upgrades. Chemical industry is also one of the most unsafe workplaces, as most of the workers work with hazardous chemicals. Hence, they need protective gloves, helmets, and aprons to cover their bodies, even from radiation. These dynamics are driving the market for protective gears in the industrial sector. With rapid advances in technologies, automobiles currently are becoming more complex. In addition, the automobile industry, globally, is flourishing and it is expected that the total number of vehicles worldwide could double to 2.5 billion by 2050.
ASIA-PACIFIC TO WITNESS HIGH GROWTH RATE
Asia-Pacific is one of the fastest-growing markets in the global advanced protective gear and armor market. The region is expected to witness the highest CAGR in the global markets, with China, Japan, and India leading the growth over the forecast period. The markets in China and India are expected to be driven by the high demand from the military & defense and law enforcement sectors. Growing budgets for defense and military operations and the presence of a large number of individuals working in these segments are the primary factors expected to influence the demand for protective gear in the military & defense sector. Local law enforcement is also witnessing growing importance, in turn, driving the demand for personal protection equipment for these personnel. Growing innovations in materials and decreasing costs are also expected to help boost the growth of these products in Asia-Pacific.
Major key players include 3M, Kimberly-Clark Corporation, BAE Systems, Bolle Safety, MSA Safety, Eagle Industries
RECENT DEVELOPMENTS
July 2017: MSA Safety Incorporated announced that it completed its acquisition of Globe Holding Company LLC. Globe is a leading innovator and manufacturer of firefighter protective clothing and boots, with approximately 420 employees across four US locations.
January 2017: BAE systems and Turkish aerospace Industry signed a heads of agreement to collaborate on the first development phase of an indigenous fifth-generation fighter jet for the Turkish Air Force- TF-X.
Reasons to Purchase this Report
To know as to how the market scenario of advanced protective gear and armor is changing.
To analyze various perspectives of the market with the help of Porter’s five forces analysis.
To know about the product type and end-user vertical that are expected to dominate the market.
To know about the regions that are expected to witness fastest growth during the forecast period.
To identify the latest developments, market shares, and strategies employed by major market players.
Three months analyst support, along with the Market Estimate Sheet (in excel).
Customization of the Report
This report can be customized to meet the desired requirements.
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Covered in this report
The Report Covers the Present Scenario and the Growth Prospects of the Global Advanced Protective Gear and Armor Market for 2021-2023. To calculate the market size, the report considers new installations or sales and subscription payments of Advanced Protective Gear and Armor.
Regional Market Analysis:
The Advanced Protective Gear and Armor Market report includes Global & Regional market status and outlook 2021-2023. Further, the report provides break down details about each region & countries covered in the report. Identifying its sales, sales volume & revenue forecast
Region Included are: North America, Europe, Asia Pacific, Oceania, South America, Middle East & Africa
Global Advanced Protective Gear and Armor Market 2021-2023, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Market Trend
- Growing research activities coupled with new product launches.
- For a full, detailed list, view our report
Market Driver
- High Opportunity in the Industry
- For a full, detailed list, view our report
Market Challenge
- Complications associated with Advanced Protective Gear and Armor procedures.
- For a full, detailed list, view our report
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Key Attentions of Advanced Protective Gear and Armor Market Report:
- The report offers a comprehensive and broad perspective on the global Advanced Protective Gear and Armor market.
- The market statistics represented in different Advanced Protective Gear and Armor segments offers complete industry picture.
- Market growth drivers, challenges affecting the development of Advanced Protective Gear and Armor are analyzed in detail.
- The report will help in the analysis of major competitive market scenario, market dynamics of Advanced Protective Gear and Armor.
- Major stakeholders, top companies Advanced Protective Gear and Armor, investment feasibility and new market entrants study is offered.
- Development scope of Advanced Protective Gear and Armor in each market segment is covered in this report. The macro and micro-economic factors affecting the Advanced Protective Gear and Armor market
- Advancement is elaborated in this report. The upstream and downstream components of Advanced Protective Gear and Armor and a comprehensive value chain are explained.
Some Major Points from Toc :-
1. Introduction
1.1 Research Phases
1.2 Study Deliverables
1.3 Scope of the Report
2. Executive Summary
3. Market Insights
3.1 Industry Value Chain Analysis
3.2 Industry Attractiveness Porter's Five Forces Analysis
3.2.5 Degree of Competition
3.3 Price Analysis
4. Market Dynamics
4.1 Drivers
4.2 Restraints
4.3 Opportunities
5. Market Segmentation and Analysis (Market Size, Growth & Forecast)
5.1 By Product Type
5.2 By Application
5.3 By End-user Industry
6. Regional Market Analysis
6.1 Production Analysis
6.1.1 Australia
6.1.2 Bolivia
6.1.3 Brazil
6.1.4 Democratic Republic of Congo
6.1.5 Indonesia
6.1.6 Malaysia
6.1.7 Myanmar
6.1.8 Peru
6.1.9 Russia
6.1.10 Thailand
6.1.11 Vietnam
6.1.12 Others
6.2 Consumption Analysis (Market Size, Growth and Forecast)
6.2.1 Asia-Pacific
6.2.1.1 India
6.2.1.2 China
6.2.1.3 Japan
6.2.1.4 South Korea
6.2.1.5 Rest of Asia-Pacific
6.2.2 North America
6.2.2.1 United States
6.2.2.2 Canada
6.2.2.3 Mexico
6.2.2.4 Rest of North America
6.2.3 Europe
6.2.3.1 Germany
6.2.3.2 United Kingdom
6.2.3.3 France
6.2.3.4 Italy
6.2.3.5 Austria
6.2.3.6 Rest of Europe
6.2.4 South America
6.2.4.1 Brazil
6.2.4.2 Argentina
6.2.4.3 Rest of South America
6.2.5 Middle East & Africa
6.2.5.1 UAE
6.2.5.2 South Africa
6.2.5.3 Rest of Middle East & Africa
7. Future of the Market
8. Competitive Landscape
8.1 Mergers & Acquisitions, Joint Ventures, Collaborations and Agreements
8.2 Market Share Analysis**
8.3 Strategies Adopted by Leading Players
9. Company Profiles (Overview, Financials**, Products & Services, and Recent Developments)
10. Disclaimer
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