Global Market Study on Bulletproof Security Glass: Automotive & Construction Remain Top End-use Sectors; Emerging Economies to Generate Significant Demand in the Coming Years


Bulletproof Security Glass Market
  • Published On : Apr-2018 |
  • Pages : 305 Pages |
  • Format :

The research report on bulletproof security glass market, is a brief overview of demand, manufacturing, and innovations taking place in the market. It is based majorly on the macro factors and the developments taking place in its various application industries around the globe.  The construction industry can be considered as a key reflective macro-economic factor for numerous industries, which translates its positive effects on various sectors of the economy. With approximately three-fourth of the overall bulletproof glass market to remain concentrated around the construction industry (residential, commercial and institutional construction), its impact on the overall market is estimated to remain substantial. The impact of value-driven growth may not be visible in the short-term, but long-term outlook remains in favor of a balanced approach between value and volume.

Research Methodology

PMR utilizes robust methodology and approach to arrive at market size and related projections. The research methodology for this report is based on 3 dimensional model. We conduct about 45-60 min duration detailed interviews with product manufacturers; apart from this we also collect market feedback from industry experts. To validate this data, we interact with senior panel members having more than 10 years of experience in relevant field. The panel members help in validating the findings and fill the gaps if any.  In addition, we leverage on our existing pool of information, paid database and other valid information sources available in public domain. Usually industry interactions extend to more than 50+ interviews from market participants across the value chain.

Data Collection

PMR collects data from secondary sources including company annual reports, association publications, industry presentations, white papers, and company press releases apart from these we leverage over paid database subscriptions and industry magazines to collect market information and developments in exhaustive manner. After being done with desk research, detailed questionnaire and discussion guide is formulated to initiate primary research with key industry personnel; the discussion aims at collecting key insights, growth perspectives, prevalent market trends and quantitative insights including market size and competition developments. Both of these research approaches help us in arriving at base year numbers and market hypothesis.

Data Validation

In this phase, PMR validates the data using macro and micro economic factors. For instance, growth in electricity consumption, industry value added, other industry factors, economic performance, growth of top players and sector performance is closely studied to arrive at precise estimates and refine anomalies if any.

Data Analysis and Projection

Data analysis and projections were made based on proprietary research frameworks and statistical analysis, which was further validated from industry participants. These frameworks include Y-o-Y growth projections, macro-economic factor performance, market attractiveness analysis, key financial ratios, and others.

For public companies we capture the data from company website, annual reports, and investor presentations, paid databases. While for privately held companies, we try to gather information from the paid databases (like Factiva) and based on the information we gather from databases we estimate revenue for the companies. In addition, the team tries to establish primary contact with the companies in order to validate the assumptions or to gather quality inputs.

Standard Report Structure

  • Executive Summary
  • Market Definition
  • Macro-economic analysis
  • Parent Market Analysis
  • Market Overview
  • Forecast Factors
  • Segmental Analysis and Forecast
  • Regional Analysis
  • Competition Analysis

Target Audience

  • Production Companies
  • Suppliers
  • Channel Partners
  • Marketing Authorities
  • Subject Matter Experts
  • Research Institutions
  • Financial Institutions
  • Market Consultants
  • Government Authorities

Key Questions Answered

  • How the market has performed over the past few years?
  • What have been the challenges for market participants and how did they overcome them?
  • How has the technology landscape evolved over the past years?
  • How the competitors have performed and what have been their growth strategies?
  • What is the market potential expected to look like in near future across the globe?
  • How to sustain and grow market share?
  • What should be the future course of action?
  • Where do I currently stand?
  • Which are the segments, factors, regions offering promising growth potential?
  • What are the trends in the market and am I ready for them?

Market Taxonomy

By Application

By End Use

 By Region

  • Bank Security Glass
  • Armored Cash Trucks
  • ATM Booths
  • Display Case
  • Residential Building
  • Premium Vehicles
  • Others
  • Automotive
  • Residential Construction
  • Commercial and Institutional Construction
  • Financial Services
  • Other Commercial
  • North America
  • Latin America
  • Europe
  • SEAP
  • MEA
  • China
  • Japan
  • India

 

Analyst’s Speak

The report includes various details gathered on the basis of ongoing and expected dynamics. It majorly includes evaluation of the key developments taking place around the financial services and its infrastructure, defense organizations and also the introduction of new vehicles in market. All these areas involve major application of bulletproof security glass, and its assessment helps in clear outcomes of the anticipated market growth and the demand structure.

Premium vehicles to emerge as a highly contributing application area in the global bulletproof security glass market

The growing need of security in every sphere has marked the growth of bulletproof security glass market. It is finding its way in various applications like armoured cash truck, ATM booths, premium vehicles, banks, and others. While a majority areas of developed regions demand bulletproof security glass in as many applications as possible, developing economies are also witnessing significantly growing demand following the increasing need for reliable security.

According to the research report, bank security glasses is a leading application segment of the market, which is expected to reach a value of over US$ 2,000 Mn by the end of 2026. However, the future prospects are brighter for the automotive industry, as the premium vehicles market is expected to lead in terms of growth rate. The premium vehicles value in global bulletproof security glass market is anticipated to grow at a CAGR of 11.0% during the forecast period.

Increase in the number of financial institutions to fuel the market for bulletproof security glass in the near future

The need to ensure maximum safety of financial institutions and reduce risks to human life is expected to drive the market across the globe. The new horizons of financial services and organizations, have improved the prospects of bulletproof glass application, including several new smaller subsequent financial authorities that require high-end security. The infrastructural development in the financial sector is higher in the budding economies, such as India & China. The market will thus possibly encounter with higher growth opportunities in these markets.

Other than financial institutions, the bulletproof security glass market is also finding its growing importance in the defense industry. Regions that are highly vulnerable to terrorist attacks such as Israel, Iraq and Syria, have been witnessing surging demand from automotive as well as building construction end-use sectors. Increasing demand for bulletproof vehicles from military and defense installations and important buildings has been a key driver for the regional market growth.

bulletproof security glass market industry

Unfavourable laws and non-compliance with quality standards may hamper revenue growth of the global market

Various regions across the globe have laws that prohibit the use of bulletproof security glass. Philadelphia has attempted to enact laws prohibiting the use of bulletproof security glass in the infrastructure of certain businesses, owing to illegal functioning of restaurants as bars, and illegal supply of liquor, both of which attract large crowds that may prove to be a public nuisance. Further, manufacturers operating in developing regions do not seem to meet the international quality standards primarily owing to insufficient R&D investment, which ultimately affects the export activities.

Company Profiles

  • Asahi Glass Co. Ltd.
  • Compagnie de Saint-Gobain S.A.
  • Nippon Sheet Glass Co., Ltd.
  • Guardian Industries Corp.
  • China Glass Holdings Limited
  • Sisecam Group
  • Taiwan Glass Ind. Corp.
  • Phoenicia Flat Glass Industries Ltd.
  • Schott AG
  • Scheuten Glass Holdings B.V.
  • Apogee Enterprises, Inc.
  • Duratuf Glass Industries (P) Ltd.
  • Jeet & Jeet Glass and Chemicals Pvt. Ltd.
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