Global Market Size of the Bullet Proof Jackets Market
The bulletproof jackets market is a $2.4 billion industry. There is a wide range of options to choose from, for both tactical and everyday wear. Many manufacturers of tactical clothing lines have developed jackets that have features such as bullet-resistant vests, bulletproof vests with jackets, bulletproof vests with sleeves, bulletproof vests, and many other features. There are also many choices in colors, prints, and sizes. Which fabrics resist a bullet?
The bulletproof jackets market
is made up of several different product categories. Based on the area, the market size is broad. Some large manufacturers of bulletproof jackets, such as Blackhawk, consist of a small selection of tactical and commercial jackets for law enforcement and military use. Soft armor materials are used on the soft body and soft-point firearms, and the market is segmented accordingly. On the other hand, hard armor materials are used on heavier firearms and handguns.
Several features make some bulletproof jackets
and vests more effective than others. A bulletproof vest or jacket should offer a tight fit with a high-quality finish. High impact resistance, or abrasion resistance, is also important because law enforcement and military personnel often come into contact with acidic liquids or hazardous materials that can eat away at the metal, especially through abrasion.
As this global crisis increases focus on protecting our troops
and others in the war on terror, one of the key questions is, “How much protection do we need?” Based on the forecast period provided by respected analysts, it appears that sales of bulletproof vests, bulletproof jackets, and bulletproof vest garments will remain strong in this downturned economy. Some manufacturers see this opportunity to profit and have already begun to benefit, while others remain pessimistic.
In terms of the global bulletproof jackets market
this downturn may not last very long due to the economic stimulus package put into place by the United States government. While it is expected that the U.S. economy will rebound in the next few years, it is unknown how quickly the U.S. will bounce back since most industries such as the defense industry, finance sector, healthcare, and the media sector are in a state of flux during this global recession. Since many economic indicators do not look favorable over the forecast period, it is difficult to project an increase in the market size over the next year.
Based on the worldwide demand for these products
it appears that there will be no significant change to the current size of this bulletproof jacket market over the next two to three years. One reason why there is a slight decrease could be because the Chinese manufacturers are now mass-producing bulletproof jackets and bulletproof vests to meet the growing needs of the American market. Another potential reason for the decline is a possible shift in consumer spending habits. The global market is dominated by consumers who have become more cautious in their spending habits. Therefore, if the American consumer continues to increase their spending habits, then the bulletproof jacket market will continue to grow.