The North America bulletproof
security glass market is segmented into end user such as automotive, military, banking & finance,
construction and others. Among these segments, banking & finance segment is
projected to grasp a remarkable CAGR by the end of 2021.
Likely, increasing safety and security concerns among the people is envisioned
to flourish the growth of North America bulletproof
security glass market. Apart from this, military segment is anticipated to be the fastest growing market
of North America bulletproof security glass
over the forecast period. Moreover, increasing violent crimes such as
robbery, burglary and others in the nation is anticipated to fuel the growth of
the UL 752 Level 1 & 2 indoor glass market which is also believed to trigger
the overall market of bulletproof
security glass in near future.
North
America bulletproof security glass market is anticipated to showcase
a tremendous CAGR of 10.35% during the forecast period i.e. 2014-2021.
Moreover, the North America bulletproof security
glass market is projected to account exponential
sales of USD 4,270 Million by the end of 2021.
Additionally, the market is
riding on the back of rising concerns for safety and security in financial and
healthcare services.
The
security level-2 segment by security levels is projected to attain a
significant CAGR over the forecast period. Moreover, Crimes associated with robberies and burglaries in the U.S. has augmented
at rapid pace which further augmented the demand for bullet resistant indoor
glass has increased significantly in the previous years. Apart from this, several
government regulations and initiatives to ensure the maximum security of the
banks and financial institutions is anticipated to foster the growth of the UL
752 level 1 indoor glass market.
Rising Concerns Regarding
Safety & Security
Increasing
violent crimes such as robbery, burglary and others in the nation is
anticipated to fuel the growth of the UL 752 Level 1 & 2 indoor glass
market. For instance, as per FBI, violent crimes posted an increase of 3.9
percent in 2015 as compared to 2014. In addition to this, In 2015, 327,374
robberies were reported in U.S. which accounted for a loss of USD 390
Million.
Wide Scale Application
Rising
application of these bulletproof glasses in banks and other sectors are
anticipated to propel the demand for bullet proof glass market during the
forecast period.
Although,
rising cost of raw materials is expected to limit the growth of bullet proof
glass market. Further, strict government guidelines and standards for the
manufacturing of bullet resistant glass enforced by the several councils are
anticipated to hamper the growth of the bullet proof glass market.
The report titled “North America Bulletproof Security
Glass Market Analysis & Opportunity Outlook 2021” delivers detailed overview of
the North America bulletproof security
glass market in terms of market segmentation by end user, by application,
by security levels and by region.
Further, for the in-depth
analysis, the report encompasses the industry growth drivers, restraints,
supply and demand risk, market attractiveness, BPS analysis and Porter’s five
force model.
This report also provides the
existing competitive scenario of some of the key players of the North America bulletproof security glass market
which includes company profiling of Corning Inc., Schott Glass, RHI
AG, Guardian Industries, Apogee Enterprises, Armorcore, Prelco, Saint Gobain Glass, Ross Technology, Dlubak Security Glass Corporation, Bullet Guard Corporation, Insulgard Security
Products, Anchor
Ventana Glass and PPG Industries. The profiling enfolds key
information of the companies which encompasses business overview, products and
services, key financials and recent news and developments. On the whole, the
report depicts detailed overview of the North America bulletproof security glass market that will help industry
consultants, equipment manufacturers, existing players searching for expansion
opportunities, new players searching possibilities and other stakeholders to
align their market centric strategies according to the ongoing and expected trends
in the future.
About Research
nester
Research Nester is a leading service provider for
strategic market research and consulting. We aim to provide unbiased,
unparalleled market insights and industry analysis to help industries,
conglomerates and executives to take wise decisions for their future marketing
strategy, expansion and investment etc. We believe every business can expand to
its new horizon, provided a right guidance at a right time is available through
strategic minds. Our out of box thinking helps our clients to take wise
decision so as to avoid future uncertainties.
Read more Information: https://www.researchnester.com/reports/north-america-bulletproof-security-glass-market-analysis-opportunity-outlook-2021/87
Contact for more Info:
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Daniel
U.S.
+1 646 586 9123
U.K.
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