Data Bridge Market Research has added another exploration survey in its data set named North America Bullet Proof Glass Market that gives data and helpful figures on market design and size.
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.
Bullet proof glasses offer various benefits over conventional glass such as high ballistic strength, UV protection and others. Increased need for bulletproof glasses for bureaucrats and governmental leaders is augmenting the market growth.
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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.
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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.
North America Bullet Proof Glass Market: Table of Contents
Competition Landscape by Key Players
North America Bullet Proof Glass Market Analysis by Regions
North America Bullet Proof Glass Market Analysis by Type
North America Bullet Proof Glass Market Analysis by Applications
North America Bullet Proof Glass Market Analysis by End-User
Key Companies Profiled
North America Bullet Proof Glass Market Manufacturers Cost Analysis
Marketing Channel, Distributors, and Customers
Research Findings and Conclusion
Methodology and Data Source
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