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  • Writer's picturesiddhesh kapshikar
    • Nov 24, 2023
    • 5 min read

Bulletproof Vehicle Market, Global Outlook and Forecast 2023-2030

The global Bulletproof Vehicle market was valued at US$ 4110.6 million in 2022 and is projected to reach US$ 5701.6 million by 2029, at a CAGR of 4.8% during the forecast period. The influence of COVID-19 and the Russia-Ukraine War were considered while estimating market sizes.


Bulletproof vehicles are specially equipped and produced from design, material selection, protective manufacturing, and rides. They have a certain degree of defense. They are penetrated by bullets and artillery shells and penetrate the body, causing injuries to people inside the vehicle. Some bulletproof cars are more equipped with functions such as preventing the penetration of poisonous gas and explosion-proof under the car.


This report aims to provide a comprehensive presentation of the global market for Bulletproof Vehicle, with both quantitative and qualitative analysis, to help readers develop business/growth strategies, assess the market competitive situation, analyze their position in the current marketplace, and make informed business decisions regarding Bulletproof Vehicle. This report contains market size and forecasts of Bulletproof Vehicle in global, including the following market information:


Global Bulletproof Vehicle Market Revenue, 2018-2023, 2024-2030, ($ millions)

Global Bulletproof Vehicle Market Sales, 2018-2023, 2024-2030, (K Units)

Global top five Bulletproof Vehicle companies in 2022 (%)


Bulletproof Vehicle users are generally politicians, business magnates, professional military police, secret agents, and financial, banking, and other individuals and institutions that have effective high travel safety protection requirements and have the ability to purchase and use the vehicle.

The global Bulletproof Vehicle size is estimated to change -4.78% between 2019 and 2020. The global Bulletproof Vehicle market size is expected to grow at 6% or more annually for the next five years. The North America and Europe are the largest market of Bulletproof Vehicle. But with the economic growth, the Asia-Pacific and South America region has a strong driving force.

STREIT Group, Centigon Security Group, INKAS, Armormax and DIMA are the key players in the global Bulletproof Vehicle market. Top 5 took up about 20% of the global market in 2019. We tend to believe this industry now is close to mature, and the consumption increasing degree will show a smooth curve.

On product prices, the slow downward trend in recent years will maintain in the future, as competition intensifies, prices gap between different brands will go narrowing. Similarly, there will be fluctuation in gross margin.

We surveyed the Bulletproof Vehicle manufacturers, suppliers, distributors and industry experts on this industry, involving the sales, revenue, demand, price change, product type, recent development and plan, industry trends, drivers, challenges, obstacles, and potential risks.

Total Market by Segment:

Global Bulletproof Vehicle Market, by Type, 2018-2023, 2024-2030 ($ Millions) & (K Units)

Global Bulletproof Vehicle Market Segment Percentages, by Type, 2022 (%)


  • Bulletproof Car

  • Bulletproof Bus

  • Bulletproof Jeep

  • Bulletproof Money Transporter

  • Other


Global Bulletproof Vehicle Market, by Application, 2018-2023, 2024-2030 ($ Millions) & (K Units)

Global Bulletproof Vehicle Market Segment Percentages, by Application, 2022 (%)


  • Personal Use

  • Business Use

  • Other Uses


Global Bulletproof Vehicle Market, By Region and Country, 2018-2023, 2024-2030 ($ Millions) & (K Units)

Global Bulletproof Vehicle Market Segment Percentages, By Region and Country, 2022 (%)


  • North America

  • US

  • Canada

  • Mexico

  • Europe

  • Germany

  • France

  • U.K.

  • Italy

  • Russia

  • Nordic Countries

  • Benelux

  • Rest of Europe

  • Asia

  • China

  • Japan

  • South Korea

  • Southeast Asia

  • India

  • Rest of Asia

  • South America

  • Brazil

  • Argentina

  • Rest of South America

  • Middle East & Africa

  • Turkey

  • Israel

  • Saudi Arabia

  • UAE

  • Rest of Middle East & Africa


Competitor Analysis

The report also provides analysis of leading market participants including:


  • Key companies Bulletproof Vehicle revenues in global market, 2018-2023 (Estimated), ($ millions)

  • Key companies Bulletproof Vehicle revenues share in global market, 2022 (%)

  • Key companies Bulletproof Vehicle sales in global market, 2018-2023 (Estimated), (K Units)

  • Key companies Bulletproof Vehicle sales share in global market, 2022 (%)


Further, the report presents profiles of competitors in the market, key players include:


  • The Armored Group

  • Armormax

  • INKAS

  • Texas Armoring Corporation

  • Alpine Armoring Inc

  • Aurum Security GmbH

  • MSPV

  • Armortek

  • JCBL Armouring Solutions

  • Roshel

  • Streit Group

  • Kombat Armouring

  • WELP Armouring

  • KLASSEN

  • Centigon Security Group

  • JANKEL ARMOURING

  • IAS

  • Veicoli Blindati NOM Srl

  • Shaanxi Baoji Special Vehicles

  • Double Star (Shanghai)

  • Securico Co., Ltd

  • Craig International Ballistics PtyLtd

  • Shell Armored Vehicles


Outline of Major Chapters:

Chapter 1: Introduces the definition of Bulletproof Vehicle, market overview.

Chapter 2: Global Bulletproof Vehicle market size in revenue and volume.

Chapter 3: Detailed analysis of Bulletproof Vehicle manufacturers competitive landscape, price, sales and revenue market share, latest development plan, merger, and acquisition information, etc.

Chapter 4: Provides the analysis of various market segments by type, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different market segments.

Chapter 5: Provides the analysis of various market segments by application, covering the market size and development potential of each market segment, to help readers find the blue ocean market in different downstream markets.

Chapter 6: Sales of Bulletproof Vehicle in regional level and country level. It provides a quantitative analysis of the market size and development potential of each region and its main countries and introduces the market development, future development prospects, market space of each country in the world.

Chapter 7: Provides profiles of key players, introducing the basic situation of the main companies in the market in detail, including product sales, revenue, price, gross margin, product introduction, recent development, etc.

Chapter 8: Global Bulletproof Vehicle capacity by region & country.

Chapter 9: Introduces the market dynamics, latest developments of the market, the driving factors and restrictive factors of the market, the challenges and risks faced by manufacturers in the industry, and the analysis of relevant policies in the industry.

Chapter 10: Analysis of industrial chain, including the upstream and downstream of the industry.

Chapter 11: The main points and conclusions of the report.

Table of content

1 Introduction to Research & Analysis Reports1.1 Bulletproof Vehicle Market Definition1.2 Market Segments1.2.1 Market by Type1.2.2 Market by Application1.3 Global Bulletproof Vehicle Market Overview1.4 Features & Benefits of This Report1.5 Methodology & Sources of Information1.5.1 Research Methodology1.5.2 Research Process1.5.3 Base Year1.5.4 Report Assumptions & Caveats2 Global Bulletproof Vehicle Overall Market Size2.1 Global Bulletproof Vehicle Market Size: 2022 VS 20302.2 Global Bulletproof Vehicle Revenue, Prospects & Forecasts: 2018-20302.3 Global Bulletproof Vehicle Sales: 2018-20303 Company Landscape3.1 Top Bulletproof Vehicle Players in Global Market3.2 Top Global Bulletproof Vehicle Companies Ranked by Revenue3.3 Global Bulletproof Vehicle Revenue by Companies3.4 Global Bulletproof Vehicle Sales by Companies3.5 Global Bulletproof Vehicle Price by Manufacturer (2018-2023)3.6 Top 3 and Top 5 Bulletproof Vehicle Companies in Global Market, by Revenue in 20223.7 Global Manufacturers Bulletproof Vehicle Product Type3.8 Tier 1, Tier 2 and Tier 3 Bulletproof Vehicle Players in Global Market3.8.1 List of Global Tier 1 Bulletproof Vehicle Companies3.8.2 List of Global Tier 2 and Tier 3 Bulletproof Vehicle Companies4 Sights by Product4.1 Overview4.1.1 By Type - Global Bulletproof V

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