New

Commercial Armored Vehicle Market

2021

Commercial Armored Vehicle Market Forecast to 2028 - COVID-19 Impact and Global Analysis By Vehicle Type (Bus, Sedan, SUV, LCVs); Level of Protection (Bullet Proof, Blast Protection); Materials (Composite Armor, Bullet-proof Glass, Bullet-proof Steel, Others) and Geography

| Report Code: TIPRE00025488 | No. of Pages: 150 | Category: Aerospace and Defense | Status: Upcoming

Market Insights

Commercial Armored Vehicle Market 2028 By Vehicle Type, Level of Protection, Materials and Geography | The Insight Partners

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MARKET OVERVIEW

Armored vehicles are prepared for hostile environment and provide protection to the passengers from external threats such as bullets and other weapons. Commercial armored vehicles include individual passenger cars, cash in transit vehicles, personnel carriers, and specialty and custom armored vehicles. These vehicles undergo extensive ballistics testing for safe and reliable transportation of large quantities of money or other valuables, typically for banks, corporate clients, law enforcement agencies, and retail companies. They are customized on a basic van or truck chassis, featuring bullet-resistant glass, armor plating, and reinforced shells and cabs. Implementation of advanced technologies in laser cutting and bending, without affecting the metal structure, is one of the factors driving the global commercial armored vehicles market.

MARKET SCOPE

The "Global Commercial Armored Vehicle Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense industry with a special focus on the global market trend analysis. The report aims to provide an overview of Commercial Armored Vehicle market with detailed market segmentation by component, application, and geography. The global Commercial Armored Vehicle market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading Commercial Armored Vehicle market players and offers key trends and opportunities in the market.

MARKET SEGMENTATION

  •   Based on vehicle type, the market is segmented into bus, sedan, SUV, and LCVs.
  •   Based on level of protection, the market is segmented into bullet proof, and blast protection.
  •   On the basis of materials, the market is segmented into composite armor, bullet-proof glass, bullet-proof steel, and others.

MARKET DYNAMICS
Drivers:

  •   Rise in number of threats in commercial space with the wide-scale availability of weaponry in several countries
  •   Advancement in bullet-proofing and blast-proof technologies
  •   Research and development initiatives in manufacturing methods

Restraints:

  •   Limited research and development and market scope in developing countries

REGIONAL FRAMEWORK

The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides an overview and forecast of the global market based on various segments. It also provides market size and forecast estimates from the year 2019 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), the Middle East and Africa (MEA), and South America. The Commercial Armored Vehicle market by each region is later sub-segmented by respective countries and segments. The report covers the analysis and forecast of 18 countries globally along with the current trend and opportunities prevailing in the region.

The report analyzes factors affecting the market from both demand and supply side and further evaluates market dynamics affecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive Porter's Five Forces analysis, highlighting the factors affecting the Commercial Armored Vehicle market in these regions.

IMPACT OF COVID-19 ON COMMERCIAL ARMORED VEHICLE MARKET

At the onset of the COVID-19 pandemic, major defense industry players saw a disruption in the supply chain due to the shutdown of industrial facilities and restrictions on transit between nations. However, as the effects of the crisis created by the pandemic were contained through stringent measures and vaccine drives, various key players started opening up their production facilities and the market started gaining stability. For instance, in April 2021, INKAS, a renowned name in armored vehicle manufacturing based in Canada, increased its capability and capacity to deliver high-quality armored vehicles and fleets, which are now available through the U.S. General Services Administration (GSA) database via their GSA Advantage program. Therefore, the impact of COVID-19 pandemic was initially negative on the market due to disruptions in the global supply chain, and the market is starting to recover in 2021 as governments are readily investing in essential security projects.



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MARKET PLAYERS


The report covers key developments in the Commercial Armored Vehicle market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership and collaborations. These activities have paved way for the expansion of business and customer base of market players. The market payers from Commercial Armored Vehicle market are anticipated to lucrative growth opportunities in the future with the rising demand for Commercial Armored Vehicle in the global market.

The report also includes the profiles of key companies along with their SWOT analysis and market strategies in the Commercial Armored Vehicle market. In addition, the report focuses on leading industry players with information such as company profiles, components, and services offered, financial information of the last 3 years, the key development in the past five years.

  •   Armormax
  •   International Armored Group
  •   Mahindra Emirates Vehicle Armouring Fz LLC
  •   MDT ARMOR
  •   O'GARA ARMORING
  •   Roshel Inc.
  •   Schutzcar
  •   TAG Germany GmbH
  •   TRASCO Bremen GmbH
  •   WELP Holding GmbH

The Insight Partner's dedicated research and analysis team consist of experienced professionals with advanced statistical expertise and offer various customization options in the existing study.


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TABLE OF CONTENTS

1. INTRODUCTION
1.1. SCOPE OF THE STUDY
1.2. THE INSIGHT PARTNERS RESEARCH REPORT GUIDANCE
1.3. MARKET SEGMENTATION
1.3.1 Commercial Armored Vehicle Market - By Vehicle Type
1.3.2 Commercial Armored Vehicle Market - By Level of Protection
1.3.3 Commercial Armored Vehicle Market - By Materials
1.3.4 Commercial Armored Vehicle Market - By Region
1.3.4.1 By Country

2. KEY TAKEAWAYS

3. RESEARCH METHODOLOGY

4. COMMERCIAL ARMORED VEHICLE MARKET LANDSCAPE
4.1. OVERVIEW
4.2. PORTER'S FIVE FORCES ANALYSIS
4.2.1 Bargaining Power of Buyers
4.2.1 Bargaining Power of Suppliers
4.2.1 Threat of Substitute
4.2.1 Threat of New Entrants
4.2.1 Competitive Rivalry
4.3. ECOSYSTEM ANALYSIS
4.4. EXPERT OPINIONS

5. COMMERCIAL ARMORED VEHICLE MARKET - KEY MARKET DYNAMICS
5.1. KEY MARKET DRIVERS
5.2. KEY MARKET RESTRAINTS
5.3. KEY MARKET OPPORTUNITIES
5.4. FUTURE TRENDS
5.5. IMPACT ANALYSIS OF DRIVERS AND RESTRAINTS

6. COMMERCIAL ARMORED VEHICLE MARKET - GLOBAL MARKET ANALYSIS
6.1. COMMERCIAL ARMORED VEHICLE - GLOBAL MARKET OVERVIEW
6.2. COMMERCIAL ARMORED VEHICLE - GLOBAL MARKET AND FORECAST TO 2028
6.3. MARKET POSITIONING/MARKET SHARE

7. COMMERCIAL ARMORED VEHICLE MARKET - REVENUE AND FORECASTS TO 2028 - VEHICLE TYPE
7.1. OVERVIEW
7.2. VEHICLE TYPE MARKET FORECASTS AND ANALYSIS
7.3. BUS
7.3.1. Overview
7.3.2. Bus Market Forecast and Analysis
7.4. SEDAN
7.4.1. Overview
7.4.2. Sedan Market Forecast and Analysis
7.5. SUV
7.5.1. Overview
7.5.2. SUV Market Forecast and Analysis
7.6. LCVS
7.6.1. Overview
7.6.2. LCVs Market Forecast and Analysis
8. COMMERCIAL ARMORED VEHICLE MARKET - REVENUE AND FORECASTS TO 2028 - LEVEL OF PROTECTION
8.1. OVERVIEW
8.2. LEVEL OF PROTECTION MARKET FORECASTS AND ANALYSIS
8.3. BULLET PROOF
8.3.1. Overview
8.3.2. Bullet Proof Market Forecast and Analysis
8.4. BLAST PROTECTION
8.4.1. Overview
8.4.2. Blast Protection Market Forecast and Analysis
9. COMMERCIAL ARMORED VEHICLE MARKET - REVENUE AND FORECASTS TO 2028 - MATERIALS
9.1. OVERVIEW
9.2. MATERIALS MARKET FORECASTS AND ANALYSIS
9.3. COMPOSITE ARMOR
9.3.1. Overview
9.3.2. Composite Armor Market Forecast and Analysis
9.4. BULLET-PROOF GLASS
9.4.1. Overview
9.4.2. Bullet-proof Glass Market Forecast and Analysis
9.5. BULLET-PROOF STEEL
9.5.1. Overview
9.5.2. Bullet-proof Steel Market Forecast and Analysis
9.6. OTHERS
9.6.1. Overview
9.6.2. Others Market Forecast and Analysis

10. COMMERCIAL ARMORED VEHICLE MARKET REVENUE AND FORECASTS TO 2028 - GEOGRAPHICAL ANALYSIS
10.1. NORTH AMERICA
10.1.1 North America Commercial Armored Vehicle Market Overview
10.1.2 North America Commercial Armored Vehicle Market Forecasts and Analysis
10.1.3 North America Commercial Armored Vehicle Market Forecasts and Analysis - By Vehicle Type
10.1.4 North America Commercial Armored Vehicle Market Forecasts and Analysis - By Level of Protection
10.1.5 North America Commercial Armored Vehicle Market Forecasts and Analysis - By Materials
10.1.6 North America Commercial Armored Vehicle Market Forecasts and Analysis - By Countries
10.1.6.1 United States Commercial Armored Vehicle Market
10.1.6.1.1 United States Commercial Armored Vehicle Market by Vehicle Type
10.1.6.1.2 United States Commercial Armored Vehicle Market by Level of Protection
10.1.6.1.3 United States Commercial Armored Vehicle Market by Materials
10.1.6.2 Canada Commercial Armored Vehicle Market
10.1.6.2.1 Canada Commercial Armored Vehicle Market by Vehicle Type
10.1.6.2.2 Canada Commercial Armored Vehicle Market by Level of Protection
10.1.6.2.3 Canada Commercial Armored Vehicle Market by Materials
10.1.6.3 Mexico Commercial Armored Vehicle Market
10.1.6.3.1 Mexico Commercial Armored Vehicle Market by Vehicle Type
10.1.6.3.2 Mexico Commercial Armored Vehicle Market by Level of Protection
10.1.6.3.3 Mexico Commercial Armored Vehicle Market by Materials
10.2. EUROPE
10.2.1 Europe Commercial Armored Vehicle Market Overview
10.2.2 Europe Commercial Armored Vehicle Market Forecasts and Analysis
10.2.3 Europe Commercial Armored Vehicle Market Forecasts and Analysis - By Vehicle Type
10.2.4 Europe Commercial Armored Vehicle Market Forecasts and Analysis - By Level of Protection
10.2.5 Europe Commercial Armored Vehicle Market Forecasts and Analysis - By Materials
10.2.6 Europe Commercial Armored Vehicle Market Forecasts and Analysis - By Countries
10.2.6.1 Germany Commercial Armored Vehicle Market
10.2.6.1.1 Germany Commercial Armored Vehicle Market by Vehicle Type
10.2.6.1.2 Germany Commercial Armored Vehicle Market by Level of Protection
10.2.6.1.3 Germany Commercial Armored Vehicle Market by Materials
10.2.6.2 France Commercial Armored Vehicle Market
10.2.6.2.1 France Commercial Armored Vehicle Market by Vehicle Type
10.2.6.2.2 France Commercial Armored Vehicle Market by Level of Protection
10.2.6.2.3 France Commercial Armored Vehicle Market by Materials
10.2.6.3 Italy Commercial Armored Vehicle Market
10.2.6.3.1 Italy Commercial Armored Vehicle Market by Vehicle Type
10.2.6.3.2 Italy Commercial Armored Vehicle Market by Level of Protection
10.2.6.3.3 Italy Commercial Armored Vehicle Market by Materials
10.2.6.4 United Kingdom Commercial Armored Vehicle Market
10.2.6.4.1 United Kingdom Commercial Armored Vehicle Market by Vehicle Type
10.2.6.4.2 United Kingdom Commercial Armored Vehicle Market by Level of Protection
10.2.6.4.3 United Kingdom Commercial Armored Vehicle Market by Materials
10.2.6.5 Russia Commercial Armored Vehicle Market
10.2.6.5.1 Russia Commercial Armored Vehicle Market by Vehicle Type
10.2.6.5.2 Russia Commercial Armored Vehicle Market by Level of Protection
10.2.6.5.3 Russia Commercial Armored Vehicle Market by Materials
10.2.6.6 Rest of Europe Commercial Armored Vehicle Market
10.2.6.6.1 Rest of Europe Commercial Armored Vehicle Market by Vehicle Type
10.2.6.6.2 Rest of Europe Commercial Armored Vehicle Market by Level of Protection
10.2.6.6.3 Rest of Europe Commercial Armored Vehicle Market by Materials
10.3. ASIA-PACIFIC
10.3.1 Asia-Pacific Commercial Armored Vehicle Market Overview
10.3.2 Asia-Pacific Commercial Armored Vehicle Market Forecasts and Analysis
10.3.3 Asia-Pacific Commercial Armored Vehicle Market Forecasts and Analysis - By Vehicle Type
10.3.4 Asia-Pacific Commercial Armored Vehicle Market Forecasts and Analysis - By Level of Protection
10.3.5 Asia-Pacific Commercial Armored Vehicle Market Forecasts and Analysis - By Materials
10.3.6 Asia-Pacific Commercial Armored Vehicle Market Forecasts and Analysis - By Countries
10.3.6.1 Australia Commercial Armored Vehicle Market
10.3.6.1.1 Australia Commercial Armored Vehicle Market by Vehicle Type
10.3.6.1.2 Australia Commercial Armored Vehicle Market by Level of Protection
10.3.6.1.3 Australia Commercial Armored Vehicle Market by Materials
10.3.6.2 China Commercial Armored Vehicle Market
10.3.6.2.1 China Commercial Armored Vehicle Market by Vehicle Type
10.3.6.2.2 China Commercial Armored Vehicle Market by Level of Protection
10.3.6.2.3 China Commercial Armored Vehicle Market by Materials
10.3.6.3 India Commercial Armored Vehicle Market
10.3.6.3.1 India Commercial Armored Vehicle Market by Vehicle Type
10.3.6.3.2 India Commercial Armored Vehicle Market by Level of Protection
10.3.6.3.3 India Commercial Armored Vehicle Market by Materials
10.3.6.4 Japan Commercial Armored Vehicle Market
10.3.6.4.1 Japan Commercial Armored Vehicle Market by Vehicle Type
10.3.6.4.2 Japan Commercial Armored Vehicle Market by Level of Protection
10.3.6.4.3 Japan Commercial Armored Vehicle Market by Materials
10.3.6.5 South Korea Commercial Armored Vehicle Market
10.3.6.5.1 South Korea Commercial Armored Vehicle Market by Vehicle Type
10.3.6.5.2 South Korea Commercial Armored Vehicle Market by Level of Protection
10.3.6.5.3 South Korea Commercial Armored Vehicle Market by Materials
10.3.6.6 Rest of Asia-Pacific Commercial Armored Vehicle Market
10.3.6.6.1 Rest of Asia-Pacific Commercial Armored Vehicle Market by Vehicle Type
10.3.6.6.2 Rest of Asia-Pacific Commercial Armored Vehicle Market by Level of Protection
10.3.6.6.3 Rest of Asia-Pacific Commercial Armored Vehicle Market by Materials
10.4. MIDDLE EAST AND AFRICA
10.4.1 Middle East and Africa Commercial Armored Vehicle Market Overview
10.4.2 Middle East and Africa Commercial Armored Vehicle Market Forecasts and Analysis
10.4.3 Middle East and Africa Commercial Armored Vehicle Market Forecasts and Analysis - By Vehicle Type
10.4.4 Middle East and Africa Commercial Armored Vehicle Market Forecasts and Analysis - By Level of Protection
10.4.5 Middle East and Africa Commercial Armored Vehicle Market Forecasts and Analysis - By Materials
10.4.6 Middle East and Africa Commercial Armored Vehicle Market Forecasts and Analysis - By Countries
10.4.6.1 South Africa Commercial Armored Vehicle Market
10.4.6.1.1 South Africa Commercial Armored Vehicle Market by Vehicle Type
10.4.6.1.2 South Africa Commercial Armored Vehicle Market by Level of Protection
10.4.6.1.3 South Africa Commercial Armored Vehicle Market by Materials
10.4.6.2 Saudi Arabia Commercial Armored Vehicle Market
10.4.6.2.1 Saudi Arabia Commercial Armored Vehicle Market by Vehicle Type
10.4.6.2.2 Saudi Arabia Commercial Armored Vehicle Market by Level of Protection
10.4.6.2.3 Saudi Arabia Commercial Armored Vehicle Market by Materials
10.4.6.3 U.A.E Commercial Armored Vehicle Market
10.4.6.3.1 U.A.E Commercial Armored Vehicle Market by Vehicle Type
10.4.6.3.2 U.A.E Commercial Armored Vehicle Market by Level of Protection
10.4.6.3.3 U.A.E Commercial Armored Vehicle Market by Materials
10.4.6.4 Rest of Middle East and Africa Commercial Armored Vehicle Market
10.4.6.4.1 Rest of Middle East and Africa Commercial Armored Vehicle Market by Vehicle Type
10.4.6.4.2 Rest of Middle East and Africa Commercial Armored Vehicle Market by Level of Protection
10.4.6.4.3 Rest of Middle East and Africa Commercial Armored Vehicle Market by Materials
10.5. SOUTH AND CENTRAL AMERICA
10.5.1 South and Central America Commercial Armored Vehicle Market Overview
10.5.2 South and Central America Commercial Armored Vehicle Market Forecasts and Analysis
10.5.3 South and Central America Commercial Armored Vehicle Market Forecasts and Analysis - By Vehicle Type
10.5.4 South and Central America Commercial Armored Vehicle Market Forecasts and Analysis - By Level of Protection
10.5.5 South and Central America Commercial Armored Vehicle Market Forecasts and Analysis - By Materials
10.5.6 South and Central America Commercial Armored Vehicle Market Forecasts and Analysis - By Countries
10.5.6.1 Brazil Commercial Armored Vehicle Market
10.5.6.1.1 Brazil Commercial Armored Vehicle Market by Vehicle Type
10.5.6.1.2 Brazil Commercial Armored Vehicle Market by Level of Protection
10.5.6.1.3 Brazil Commercial Armored Vehicle Market by Materials
10.5.6.2 Argentina Commercial Armored Vehicle Market
10.5.6.2.1 Argentina Commercial Armored Vehicle Market by Vehicle Type
10.5.6.2.2 Argentina Commercial Armored Vehicle Market by Level of Protection
10.5.6.2.3 Argentina Commercial Armored Vehicle Market by Materials
10.5.6.3 Rest of South and Central America Commercial Armored Vehicle Market
10.5.6.3.1 Rest of South and Central America Commercial Armored Vehicle Market by Vehicle Type
10.5.6.3.2 Rest of South and Central America Commercial Armored Vehicle Market by Level of Protection
10.5.6.3.3 Rest of South and Central America Commercial Armored Vehicle Market by Materials

11. INDUSTRY LANDSCAPE
11.1. MERGERS AND ACQUISITIONS
11.2. AGREEMENTS, COLLABORATIONS AND JOIN VENTURES
11.3. NEW PRODUCT LAUNCHES
11.4. EXPANSIONS AND OTHER STRATEGIC DEVELOPMENTS

12. COMMERCIAL ARMORED VEHICLE MARKET, KEY COMPANY PROFILES
12.1. ARMORMAX 
12.1.1. Key Facts
12.1.2. Business Description
12.1.3. Products and Services
12.1.4. Financial Overview
12.1.5. SWOT Analysis
12.1.6. Key Developments
12.2. INTERNATIONAL ARMORED GROUP
12.2.1. Key Facts
12.2.2. Business Description
12.2.3. Products and Services
12.2.4. Financial Overview
12.2.5. SWOT Analysis
12.2.6. Key Developments
12.3. MAHINDRA EMIRATES VEHICLE ARMOURING FZ LLC
12.3.1. Key Facts
12.3.2. Business Description
12.3.3. Products and Services
12.3.4. Financial Overview
12.3.5. SWOT Analysis
12.3.6. Key Developments
12.4. MDT ARMOR
12.4.1. Key Facts
12.4.2. Business Description
12.4.3. Products and Services
12.4.4. Financial Overview
12.4.5. SWOT Analysis
12.4.6. Key Developments
12.5. O'GARA ARMORING
12.5.1. Key Facts
12.5.2. Business Description
12.5.3. Products and Services
12.5.4. Financial Overview
12.5.5. SWOT Analysis
12.5.6. Key Developments
12.6. ROSHEL INC.
12.6.1. Key Facts
12.6.2. Business Description
12.6.3. Products and Services
12.6.4. Financial Overview
12.6.5. SWOT Analysis
12.6.6. Key Developments
12.7. SCHUTZCAR 
12.7.1. Key Facts
12.7.2. Business Description
12.7.3. Products and Services
12.7.4. Financial Overview
12.7.5. SWOT Analysis
12.7.6. Key Developments
12.8. TAG GERMANY GMBH
12.8.1. Key Facts
12.8.2. Business Description
12.8.3. Products and Services
12.8.4. Financial Overview
12.8.5. SWOT Analysis
12.8.6. Key Developments
12.9. TRASCO BREMEN GMBH
12.9.1. Key Facts
12.9.2. Business Description
12.9.3. Products and Services
12.9.4. Financial Overview
12.9.5. SWOT Analysis
12.9.6. Key Developments
12.10. WELP HOLDING GMBH
12.10.1. Key Facts
12.10.2. Business Description
12.10.3. Products and Services
12.10.4. Financial Overview
12.10.5. SWOT Analysis
12.10.6. Key Developments

13. APPENDIX
13.1. ABOUT THE INSIGHT PARTNERS
13.2. GLOSSARY OF TERMS
The List of Companies

1. Armormax
2. International Armored Group
3. Mahindra Emirates Vehicle Armouring Fz LLC
4. MDT ARMOR
5. O'GARA ARMORING
6. Roshel Inc.
7. Schutzcar
8. TAG Germany GmbH
9. TRASCO Bremen GmbH
10. WELP Holding GmbH
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