The impact of the COVID-19 outbreak has compelled several manufacturers and industries to rethink their operations to gradually recover from the losses incurred for years to come. The organic chemicals industry suffered a huge setback due to halted production and a limited supply of raw materials.
The report offers actionable and valuable market insights of Airborne Ballistic Armour Steel Plates. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Airborne Ballistic Armour Steel Plates Market across various industries and regions.
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Latest armour steel plate industry analysis shows that global demand enjoyed year-on-year (YoY) growth of 2.8% in 2021 to total 1,470 KT. Airborne ballistics displayed growth of 2.9% to total 1,080 KT, while the blast & explosion protection segment was up 2.7% to 390 KT. The global market for Airborne Ballistic Armour Steel Plates is set to rise at a steady CAGR of around 4% over the next ten years.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Airborne Ballistic Armour Steel Plates market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Airborne Ballistic Armour Steel Plates
A detailed assessment of armour steel plate value chain analysis, business execution, and supply chain analysis across the regional markets has been covered in the report. A list of prominent companies operating in the armour steel plate market along with their product portfolio enhances the reliability of this comprehensive research study.
This newly published and insightful report sheds light on Market Insights of Airborne Ballistic Armour Steel Plates, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Airborne Ballistic Armour Steel Plates Market.
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Market Segments Covered in Armour Steel Plate Industry Analysis
-
By Protection Type
- Airborne Ballistic Armour Steel Plates
- Blast & Explosion Armour Steel Plates
-
By Application
- Armour Steel Plates for Battle Tanks
- Armour Steel Plates for Bulletproof Vehicles
- Armour Steel Plates for Bulletproof Jackets
- Armour Steel Plates for Cash-in-transit Trucks
- Armour Steel Plates for Security Booths
- Armour Steel Plates for Sentry Boxes
- Armour Steel Plates for Submarines
- Others
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Key Takeaways from Market Study
- Airborne ballistics is expected to remain the most attractive and likely to witness an absolute dollar opportunity of US$ 448 Mn during 2021 – 2031.
- Based on application, bulletproof vehicles are anticipated to be the most lucrative with a BPS of 183.
- Demand from cash-in-transit trucks is expected to grow 1.4X during the projection period.
- Together, North America and Europe represented over 65% of overall market share in 2020.
- The market in East Asia is expected to gain 25 BPS and emerge as a market valued at US$ 277 Mn by 2031.
“Increasing budget allocation for defence by governments all across the globe will drive the market over the years, and demand is set to be high for bulletproof vehicles,” says a Fact.MR analyst.
Winning Strategy
Many armour steel plate manufacturers have been witnessed using technologies to enhance the performance of the materials they use. Manufacturers have been observed taking initiatives for joint ventures and partnerships alongside R&D efforts with other giants in the industry. These strategic market plays by manufacturers are set to reinforce companies’ dollar making capacity in accordance with dynamics being present in the market.
Competitive Landscape
Majority of companies discussed in the report have focused on expansion, investments, acquisitions, delivery, and portfolio expansion.
Some of the key developments are:
- In December 2019, ArcelorMittal successfully completed the acquisition of Essar Steel India Limited (ESIL). The acquisition was the company’s important strategic step to penetrate its roots in the Indian market. As per the company’s report, it has been looking for an opportunity to expand its steel production in the country for over a decade. Essar’s well-located operations, coupled with long-term growth potential in India, will lead to huge profits for ArcelorMittal.
- In September 2020, Bisalloy Steel signed an exclusive distribution agreement with CRAS Solutions for distribution of all of Bisalloy Products in the Turkey market. CRAS Solutions is a wholly independent, privately held company focused on distribution of specialized products and this agreement between both the firms will focus on building Bisalloy’s Armour and Protection steel brand in the Turkey market.
- In June 2020, Bisalloy Steels announced the signing of a memorandum of understanding with Axiom Precision Manufacturing and K-TIG to jointly develop a sovereign capability in welding for the Australian defense industry.
Similarly, recent developments related to companies offering armour steel plates have been tracked by the team at Fact.MR, which are available in the full report.
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Report Benefits & Key Questions Answered
- Airborne Ballistic Armour Steel Plates Company & brand share analysis: The report offers brand-share analysis on Airborne Ballistic Armour Steel Plates market to offer a more in-depth competition deep-dive. This is intended at assisting companies at proactive long-term planning.
- Airborne Ballistic Armour Steel Plates Historical volume analysis: Factors affecting sales in the past are analyzed in detail. The report also offers comparative analysis between growth trajectory exhibited in 2016-2020 and 2021-2031.
- Airborne Ballistic Armour Steel Plates Category & segment level analysis: To offer a comprehensive analysis, the market identifies leading segments and highlights chief factors enabling growth across these categories.
- Airborne Ballistic Armour Steel Plates Consumption by demographics: The demographic analysis is intended at providing recommendations to companies to help them create growth strategies around dynamic consumption patterns.
- Airborne Ballistic Armour Steel Plates Manufacturing trend analysis: Manufacturing trend analysis is the key highlight of the study. It offers vital data on strategies adopted by market players to align their manufacturing strategies as per prevailing market trends.
- Post COVID consumer spending on Airborne Ballistic Armour Steel Plates: The survey offers a chapter dedicated to analyzing post COVID consumer behavior. Changes in their spending pattern are carefully analyzed to offer insights into potential impact on Airborne Ballistic Armour Steel Plates sales.
More Valuable Insights on Airborne Ballistic Armour Steel Plates Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Airborne Ballistic Armour Steel Plates, Sales and Demand of Airborne Ballistic Armour Steel Plates, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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