Global Bulletproof Security Glass Market to Soar at 8.8% CAGR till 2021 due to Increasing Safety and Security Concerns by Persistence Market Research
By Business Wire News
The research report, titled “Global Market Study on Bulletproof Security Glass: Middle East & Africa to Witness Highest Growth by 2021”, published by Persistence Market Research (PMR) offers a 360-degree view of the market. According to the report, the global bulletproof security glass market is projected to expand at an 8.8% CAGR during the forecast period of 2015 to 2021. In 2015, the global bulletproof security glass market was estimated at US$2397.5 million and, by 2021, it is projected to be valued at US$3972.5 million.
By geography, the global bulletproof security glass market is divided into North America, APEJ, Western Europe, Central Europe, Eastern Europe, Japan, Latin America, and MENA. The North America bulletproof security glass market is projected to grow at a CAGR of 8.1% during the forecast period and, by 2021, this market is expected to be worth US$1,016.6 million. Currently, North America dominates the global bulletproof security glass market, followed by Europe. On the other hand, the MENA bulletproof security glass market is projected to demonstrate the highest CAGR during the forecasting horizon.
The global bulletproof security glass market is driven by the rising safety and security concerns of the global population, growth of the automobile industry, the rising financial services market, and the rising GDPs of developing economies.
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Application-wise, the global bulletproof security glass market is segmented into premium vehicles, residential buildings, display cases, ATM booths, armored cash trucks, bank security glass, and others. By end use, the global bulletproof security glass market is divided into the construction industry, the automotive industry, and the financial services industry.
The key companies operating in the global bulletproof security glass market are Guardian Industries, Apogee Enterprises, Taiwan Glass Ind., China Glass Holdings, Saint-Gobain.
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