Armour Steel Plate Market
Armour Steel Plate Market Study by Airborne Ballistic and Blast & Explosion Protection for Tanks, Bulletproof Vehicles, Bulletproof Jackets, Cash-In-Transit Trucks, and Others from 2024 to 2034
Analysis of Armour Steel Plate Market Covering 30+ Countries Including Analysis of US, Canada, UK, Germany, France, Nordics, GCC countries, Japan, Korea and many more
Armour Steel Plate Market Outlook (2024 to 2034)
The global armour steel plate market size has been projected to reach US$ 2.1 billion by the end of 2034, up from a value of US$ 1.45 billion in 2024. A CAGR of 3.8% has been forecasted by Fact.MR for this market from 2024 to 2034.
Armour steel plates serve as protective shields in safety suits. They are usually crafted from a mix of ceramics and bullet-resistant materials. These plates are commonly found in bullet-resistant vests, offering extra protection against bullets from rifles and pistols.
Demand for these armour plates has risen in recent years due to an increase in territorial conflicts worldwide. The growing need for protective shields among civilians has opened up several opportunities in the industry. Demand for armour steel plates for civilian use is linked to a rise in crimes, burglaries, home invasions, and similar incidents.
- Citizen Armor, a United States-based company, manufactures protection equipment and provides ballistic plates for civilians.
Steel plates have an edge over ceramic ones as they offer protection against multiple hits.
- For instance, in 2023, TenCate Protective, a leading provider of geosynthetics and industrial fabrics, launched a thinner level III armour ballistic plate. This body armour highlights TenCate Protective’s advanced heat stress reduction and proprietary trauma reduction technology by making thinner plates effective against rifle ammunition.
Growing number of soldier casualties and severe injuries due to the rise in terrorism and hostile activities globally necessitates ballistic protection suits to protect armed forces. The increase in asymmetric warfare activities and global cross-border tensions is prompting many governments to initiate modernization programs to enhance soldiers’ survivability. These programs involve procuring modern protection equipment and shields for the armed forces. The armour steel plate market is currently experiencing a steady global expansion alongside the ballistic composites market and more.
| Report Attributes | Details |
|---|---|
| Armour Steel Plate Market Size (2024E) | US$ 1.45 Billion |
| Projected Market Value (2034F) | US$ 2.1 Billion |
| Global Market Growth Rate (2024 to 2034) | 3.8% CAGR |
| China Market Value (2034F) | US$ 296 Million |
| Canada Market Growth Rate (2024 to 2034) | 1.9% CAGR |
| North America Market Share (2024E) | 21.6% |
| East Asia Market Value (2034F) | US$ 516.6 Million |
| Key Companies Profiled | Algoma; Astralloy; Masteel; BAE Systems; Hellweg International; Shah Alloys; Ceradyne Inc.; Safariland, LLC |
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What are the Key Drivers Behind Rising Demand for Armour Steel Plates?
“Rising Geopolitical Tensions and Conflicts across the World”
Benefits of steel such as its superior strength at high temperatures and oxidation resistance when quenched are contributing to demand for armour steel plates. The heat treatment process enhances the hardness, elasticity, ductility, and toughness of steel.
Demand for armour steel plates is primarily driven by the increasing need for safety and protection in various sectors. In the military sector, armour steel plates are essential for manufacturing armoured vehicles, body armour, and other protective structures due to their high strength and ballistic resistance. The rise in geopolitical tensions and conflicts worldwide has led to increased defence budgets, thereby boosting the demand for armour steel plates. In the civilian sector, these plates are used in security doors, safe rooms, and bank vaults where robust and impenetrable materials are required.
What is the Scope of Application for Armour Steel Plates in the Defense Sector?
“Emphasis on Modernization of Battlefield Operations Driving Use of Armour Steel Plates”
Steel is widely utilized in the production of military vehicles and weaponry, including the F-35, F-18, C-17, and other advanced military vehicles. It is also employed in the fabrication of various components of ammunition, missile parts & batteries, tanks, and more.
The global defence sector has been experiencing consistent growth. Armed forces worldwide are harnessing the power of digitalization and creating network-centric defence ecosystems to enhance readiness and modernize battlefield operations. These factors are paving the way for substantial growth opportunities in the market.
Armour steel plates play a significant role in the defence sector, offering enhanced protection and safety for military personnel and equipment. They are primarily used in the manufacturing of armoured vehicles, body armour, and protective shelters due to their high strength and ballistic resistance.
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Country-wise Insights
Fact.MR, a market research and competitive intelligence provider, through its newly published analysis, asserts that East Asia is projected to hold 24.6% share of the global market by 2034. Manufacturers of armour steel plates are forging alliances with emerging and successful companies around the globe to solidify their presence in the market and secure a dominant share.
Which Factors are Influencing the Market in the United States?
“Defense Enhancement Programs Driving Armour Steel Plate Sales”
| Attribute | United States |
|---|---|
| Segment Value (2024E) | US$ 224 Million |
| Growth Rate (2024 to 2034) | 1.9% CAGR |
| Projected Value (2034F) | US$ 270.1 Million |
The United States accounts for 71.7% of the armour steel plate market share in North America. The market in the United States is influenced by factors such as defence funding at the federal level, the increased risk of terrorist attacks, and the need to enhance national security. The United States has many defence enhancement programs that are projected to provide a multitude of opportunities for manufacturers of armour steel plates during the forecasted period.
- For example, major armour plate manufacturers such as ArcelorMittal, Cliffs Natural Resources, and Nucor have filed a petition in the United States to limit the use of imported armour steel. In response to this, the United States Defense Department has implemented a rule that mandates the use of domestically produced steel armour plates for the United States military.
There is no justification for countries such as China and Russia to produce the steel used in the United States military vehicles and equipment. As a result, limited supply coupled with the increasing defence expenditure in the United States is driving the demand for armour steel plates across the country.
Which Strategies are Driving Market Growth in China?
“Focus on Building Highly Durable and Lightweight Armour Steel Plates”
| Attribute | China |
|---|---|
| Segment Value (2024E) | US$ 183.5 Million |
| Growth Rate (2024 to 2034) | 4.9% CAGR |
| Projected Value (2034F) | US$ 296 Million |
China has emerged as one of the leading manufacturers of armoured vehicles by significantly contributing to the regional market growth. The development of lightweight and highly durable armour materials that provide enhanced protection is a major focus area for manufacturers.
Advancements in manufacturing technologies such as 3D printing and nanotechnology and a focus on customization are key armour steel plate market trends. Armour steel plate manufacturers have developed a wide range of specifications for their current products by enabling end users to select the perfect specification of armour plate best suited for their application. These strategies are forecasted to drive armour steel plate market growth in China.
Category-wise Insights
What Driving Demand for Airborne Ballistic Systems in Countries Prioritizing Defense Spending?
“Efforts Targeted at Enhancement of Military Capabilities and Armament Innovation”
| Attribute | Airborne Ballistic |
|---|---|
| Segment Value (2024E) | US$ 444 Million |
| Growth Rate (2024 to 2034) | 3.8% CAGR |
| Projected Value (2034F) | US$ 646.8 Million |
Countries are increasingly investing in the enhancement of their military capabilities through the acquisition of sophisticated weaponry. The focus on airborne ballistic systems is intensifying as cutting-edge technologies enable these weapons to strike at extended ranges and be controlled from afar.
This advancement not only allows for the engagement and neutralization of adversaries in aerial combat but also drives the demand for airborne ballistic missiles and related systems. The production of such ballistic systems heavily relies on the use of armour steel plates. As a result, the growing investments in military growth and the creation of state-of-the-art armaments are propelling the market demand for these materials.
Why is There Increasing Use of Armour Steel Plates in Bulletproof Vehicles?
“Increased Terrorist Threats and Risks to Prominent Figures”
| Attribute | Bulletproof Vehicles |
|---|---|
| Segment Value (2024E) | US$ 65.1 Million |
| Growth Rate (2024 to 2034) | 3.6% CAGR |
| Projected Value (2034F) | US$ 92.4 Million |
Due to terrorist threats and heightened risks to prominent figures and political leaders, armoured vehicles have become crucial for security purposes. Governments across the globe are channelling funds into the defence sector to enhance the security of their officials and military staff. High-profile individuals such as celebrities and the wealthy are increasingly choosing armoured vehicles for their personal safety. In nations where civilians are authorized to own firearms, there is a substantial market for these secure vehicles, presenting significant expansion prospects for manufacturers.
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Competitive Landscape
Market growth is being driven by several factors, including evolving consumer preferences, technological advancements, and global economic conditions. Key players in the armour steel plate market are Algoma, Astralloy, Masteel, BAE Systems, Hellweg International, Shah Alloys, Ceradyne Inc., and Safariland, LLC.
- In 2023, the United Kingdom Ministry of Defense granted a contract valued at US$ 48 million to BAE Systems for the development of the Striker II Digital Helmet-Mounted Display, designed for Typhoon fighter pilots. This advanced helmet represents a significant upgrade, transitioning to a fully digital interface from the previously used Striker model.
Key Segments of Armour Steel Plate Market Research
-
By Protection Type :
- Airborne Ballistic Systems
- Blast & Explosion
-
By Application :
- Battle Tanks
- Bulletproof Vehicles
- Bulletproof Jackets
- Cash-in-Transit Trucks
- Security Booths
- Sentry Boxes
- Submarines
-
By Region :
- North America
- Latin America
- Europe
- East Asia
- South Asia & Oceania
- Middle East & Africa
Table of Content
- 1. Market - Executive Summary
- 2. Market Overview
- 3. Market Background and Foundation Data
- 4. Global Demand (Kilo Tons) Analysis and Forecast
- 5. Global Market - Pricing Analysis
- 6. Global Market Value (US$ million) Analysis and Forecast
- 7. Global Market Analysis and Forecast, By Protection Type
- 7.1. Airborne Ballistics
- 7.2. Blasts & Explosion
- 8. Global Market Analysis and Forecast, By Application
- 8.1. Battle tanks
- 8.2. Bulletproof Vehicles
- 8.3. Bullet Proof Jacket
- 8.4. Cash-in transit truck
- 8.5. Security Booths
- 8.6. Sentry Boxes
- 8.7. Submarines
- 8.8. Others
- 9. Global Market Analysis and Forecast, By Region
- 9.1. North America
- 9.2. Latin America
- 9.3. Europe
- 9.4. East Asia
- 9.5. South Asia & Oceania
- 9.6. Middle East & Africa
- 10. North America Market Analysis and Forecast
- 11. Latin America Market Analysis and Forecast
- 12. Europe Market Analysis and Forecast
- 13. East Asia Market Analysis and Forecast
- 14. South Asia & Oceania Market Analysis and Forecast
- 15. Middle East & Africa Market Analysis and Forecast
- 16. Country-level Market Analysis and Forecast
- 17. Market Structure Analysis
- 18. Competition Analysis
- 18.1. ArcelorMittal S.A.
- 18.2. Algoma
- 18.3. Astralloy
- 18.4. Bisalloy Steel Group
- 18.5. Champak Steel & Engg. Co.
- 18.6. CMC Impact Metals
- 18.7. Essar Steel India Limited
- 18.8. EVRAZ
- 18.9. GRUPA COGNOR
- 18.10. Masteel UK Ltd.
- 18.11. Shah Alloy Ltd.
- 18.12. SIJ Acroni
- 18.13. SSAB AB
- 18.14. Swebor
- 18.15. ThyssenKrupp AG
- 19. Assumptions & Acronyms Used
- 20. Research Methodology
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List Of Table
Table 01. Global Market Value (US$ million) and Forecast by Region, 2018 to 2023
Table 02. Global Market Value (US$ million) and Forecast by Region, 2024 to 2034
Table 03. Global Market Volume (Kilo Tons) and Forecast by Region, 2018 to 2023
Table 04. Global Market Volume (Kilo Tons) and Forecast by Region, 2024 to 2034
Table 05. Global Market Value (US$ million) and Forecast By Protection Type, 2018 to 2023
Table 06. Global Market Value (US$ million) and Forecast By Protection Type, 2024 to 2034
Table 07. Global Market Volume (Kilo Tons) and Forecast By Protection Type, 2018 to 2023
Table 08. Global Market Volume (Kilo Tons) and Forecast By Protection Type, 2024 to 2034
Table 09. Global Market Value (US$ million) and Forecast By Application, 2018 to 2023
Table 10. Global Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 11. Global Market Volume (Kilo Tons) and Forecast By Application, 2018 to 2023
Table 12. Global Market Volume (Kilo Tons) and Forecast By Application, 2024 to 2034
Table 13. North America Market Value (US$ million) and Forecast by Country, 2018 to 2023
Table 14. North America Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 15. North America Market Volume (Kilo Tons) and Forecast by Country, 2018 to 2023
Table 16. North America Market Volume (Kilo Tons) and Forecast by Country, 2024 to 2034
Table 17. North America Market Value (US$ million) and Forecast By Protection Type, 2018 to 2023
Table 18. North America Market Value (US$ million) and Forecast By Protection Type, 2024 to 2034
Table 19. North America Market Volume (Kilo Tons) and Forecast By Protection Type, 2018 to 2023
Table 20. North America Market Volume (Kilo Tons) and Forecast By Protection Type, 2024 to 2034
Table 21. North America Market Value (US$ million) and Forecast By Application, 2018 to 2023
Table 22. North America Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 23. North America Market Volume (Kilo Tons) and Forecast By Application, 2018 to 2023
Table 24. North America Market Volume (Kilo Tons) and Forecast By Application, 2024 to 2034
Table 25. Latin America Market Value (US$ million) and Forecast by Country, 2018 to 2023
Table 26. Latin America Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 27. Latin America Market Volume (Kilo Tons) and Forecast by Country, 2018 to 2023
Table 28. Latin America Market Volume (Kilo Tons) and Forecast by Country, 2024 to 2034
Table 29. Latin America Market Value (US$ million) and Forecast By Protection Type, 2018 to 2023
Table 30. Latin America Market Value (US$ million) and Forecast By Protection Type, 2024 to 2034
Table 31. Latin America Market Volume (Kilo Tons) and Forecast By Protection Type, 2018 to 2023
Table 32. Latin America Market Volume (Kilo Tons) and Forecast By Protection Type, 2024 to 2034
Table 33. Latin America Market Value (US$ million) and Forecast By Application, 2018 to 2023
Table 34. Latin America Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 35. Latin America Market Volume (Kilo Tons) and Forecast By Application, 2018 to 2023
Table 36. Latin America Market Volume (Kilo Tons) and Forecast By Application, 2024 to 2034
Table 37. Europe Market Value (US$ million) and Forecast by Country, 2018 to 2023
Table 38. Europe Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 39. Europe Market Volume (Kilo Tons) and Forecast by Country, 2018 to 2023
Table 40. Europe Market Volume (Kilo Tons) and Forecast by Country, 2024 to 2034
Table 41. Europe Market Value (US$ million) and Forecast By Protection Type, 2018 to 2023
Table 42. Europe Market Value (US$ million) and Forecast By Protection Type, 2024 to 2034
Table 43. Europe Market Volume (Kilo Tons) and Forecast By Protection Type, 2018 to 2023
Table 44. Europe Market Volume (Kilo Tons) and Forecast By Protection Type, 2024 to 2034
Table 45. Europe Market Value (US$ million) and Forecast By Application, 2018 to 2023
Table 46. Europe Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 47. Europe Market Volume (Kilo Tons) and Forecast By Application, 2018 to 2023
Table 48. Europe Market Volume (Kilo Tons) and Forecast By Application, 2024 to 2034
Table 49. East Asia Market Value (US$ million) and Forecast by Country, 2018 to 2023
Table 50. East Asia Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 51. East Asia Market Volume (Kilo Tons) and Forecast by Country, 2018 to 2023
Table 52. East Asia Market Volume (Kilo Tons) and Forecast by Country, 2024 to 2034
Table 53. East Asia Market Value (US$ million) and Forecast By Protection Type, 2018 to 2023
Table 54. East Asia Market Value (US$ million) and Forecast By Protection Type, 2024 to 2034
Table 55. East Asia Market Volume (Kilo Tons) and Forecast By Protection Type, 2018 to 2023
Table 56. East Asia Market Volume (Kilo Tons) and Forecast By Protection Type, 2024 to 2034
Table 57. East Asia Market Value (US$ million) and Forecast By Application, 2018 to 2023
Table 58. East Asia Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 59. East Asia Market Volume (Kilo Tons) and Forecast By Application, 2018 to 2023
Table 60. East Asia Market Volume (Kilo Tons) and Forecast By Application, 2024 to 2034
Table 61. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2018 to 2023
Table 62. South Asia & Oceania Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 63. South Asia & Oceania Market Volume (Kilo Tons) and Forecast by Country, 2018 to 2023
Table 64. South Asia & Oceania Market Volume (Kilo Tons) and Forecast by Country, 2024 to 2034
Table 65. South Asia & Oceania Market Value (US$ million) and Forecast By Protection Type, 2018 to 2023
Table 66. South Asia & Oceania Market Value (US$ million) and Forecast By Protection Type, 2024 to 2034
Table 67. South Asia & Oceania Market Volume (Kilo Tons) and Forecast By Protection Type, 2018 to 2023
Table 68. South Asia & Oceania Market Volume (Kilo Tons) and Forecast By Protection Type, 2024 to 2034
Table 69. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2018 to 2023
Table 70. South Asia & Oceania Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 71. South Asia & Oceania Market Volume (Kilo Tons) and Forecast By Application, 2018 to 2023
Table 72. South Asia & Oceania Market Volume (Kilo Tons) and Forecast By Application, 2024 to 2034
Table 73. MEA Market Value (US$ million) and Forecast by Country, 2018 to 2023
Table 74. MEA Market Value (US$ million) and Forecast by Country, 2024 to 2034
Table 75. MEA Market Volume (Kilo Tons) and Forecast by Country, 2018 to 2023
Table 76. MEA Market Volume (Kilo Tons) and Forecast by Country, 2024 to 2034
Table 77. MEA Market Value (US$ million) and Forecast By Protection Type, 2018 to 2023
Table 78. MEA Market Value (US$ million) and Forecast By Protection Type, 2024 to 2034
Table 79. MEA Market Volume (Kilo Tons) and Forecast By Protection Type, 2018 to 2023
Table 80. MEA Market Volume (Kilo Tons) and Forecast By Protection Type, 2024 to 2034
Table 81. MEA Market Value (US$ million) and Forecast By Application, 2018 to 2023
Table 82. MEA Market Value (US$ million) and Forecast By Application, 2024 to 2034
Table 83. MEA Market Volume (Kilo Tons) and Forecast By Application, 2018 to 2023
Table 84. MEA Market Volume (Kilo Tons) and Forecast By Application, 2024 to 2034
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List Of Figures
Figure 01. Global Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2024 to 2034
Figure 02. Global Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 03. Global Market Value (US$ million) and Volume (Kilo Tons) by Region, 2024 & 2034
Figure 04. Global Market Y-o-Y Growth Rate by Region, 2024 to 2034
Figure 05. Global Market Value (US$ million) and Volume (Kilo Tons) By Protection Type, 2024 & 2034
Figure 06. Global Market Y-o-Y Growth Rate By Protection Type, 2024 to 2034
Figure 07. Global Market Value (US$ million) and Volume (Kilo Tons) By Application, 2024 & 2034
Figure 08. Global Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 09. North America Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2024 to 2034
Figure 10. North America Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 11. North America Market Value (US$ million) and Volume (Kilo Tons) by Country, 2024 & 2034
Figure 12. North America Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 13. North America Market Value (US$ million) and Volume (Kilo Tons) By Protection Type, 2024 & 2034
Figure 14. North America Market Y-o-Y Growth Rate By Protection Type, 2024 to 2034
Figure 15. North America Market Value (US$ million) and Volume (Kilo Tons) By Application, 2024 & 2034
Figure 16. North America Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 17. North America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 18. North America Market Attractiveness Analysis By Protection Type, 2024 to 2034
Figure 19. North America Market Attractiveness Analysis By Application, 2024 to 2034
Figure 20. Latin America Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2024 to 2034
Figure 21. Latin America Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 22. Latin America Market Value (US$ million) and Volume (Kilo Tons) by Country, 2024 & 2034
Figure 23. Latin America Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 24. Latin America Market Value (US$ million) and Volume (Kilo Tons) By Protection Type, 2024 & 2034
Figure 25. Latin America Market Y-o-Y Growth Rate By Protection Type, 2024 to 2034
Figure 26. Latin America Market Value (US$ million) and Volume (Kilo Tons) By Application, 2024 & 2034
Figure 27. Latin America Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 28. Latin America Market Attractiveness Analysis by Country, 2024 to 2034
Figure 29. Latin America Market Attractiveness Analysis By Protection Type, 2024 to 2034
Figure 30. Latin America Market Attractiveness Analysis By Application, 2024 to 2034
Figure 31. Europe Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2024 to 2034
Figure 32. Europe Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 33. Europe Market Value (US$ million) and Volume (Kilo Tons) by Country, 2024 & 2034
Figure 34. Europe Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 35. Europe Market Value (US$ million) and Volume (Kilo Tons) By Protection Type, 2024 & 2034
Figure 36. Europe Market Y-o-Y Growth Rate By Protection Type, 2024 to 2034
Figure 37. Europe Market Value (US$ million) and Volume (Kilo Tons) By Application, 2024 & 2034
Figure 38. Europe Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 39. Europe Market Attractiveness Analysis by Country, 2024 to 2034
Figure 40. Europe Market Attractiveness Analysis By Protection Type, 2024 to 2034
Figure 41. Europe Market Attractiveness Analysis By Application, 2024 to 2034
Figure 42. East Asia Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2024 to 2034
Figure 43. East Asia Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 44. East Asia Market Value (US$ million) and Volume (Kilo Tons) by Country, 2024 & 2034
Figure 45. East Asia Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 46. East Asia Market Value (US$ million) and Volume (Kilo Tons) By Protection Type, 2024 & 2034
Figure 47. East Asia Market Y-o-Y Growth Rate By Protection Type, 2024 to 2034
Figure 48. East Asia Market Value (US$ million) and Volume (Kilo Tons) By Application, 2024 & 2034
Figure 49. East Asia Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 50. East Asia Market Attractiveness Analysis by Country, 2024 to 2034
Figure 51. East Asia Market Attractiveness Analysis By Protection Type, 2024 to 2034
Figure 52. East Asia Market Attractiveness Analysis By Application, 2024 to 2034
Figure 53. South Asia & Oceania Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2024 to 2034
Figure 54. South Asia & Oceania Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 55. South Asia & Oceania Market Value (US$ million) and Volume (Kilo Tons) by Country, 2024 & 2034
Figure 56. South Asia & Oceania Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 57. South Asia & Oceania Market Value (US$ million) and Volume (Kilo Tons) By Protection Type, 2024 & 2034
Figure 58. South Asia & Oceania Market Y-o-Y Growth Rate By Protection Type, 2024 to 2034
Figure 59. South Asia & Oceania Market Value (US$ million) and Volume (Kilo Tons) By Application, 2024 & 2034
Figure 60. South Asia & Oceania Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 61. South Asia & Oceania Market Attractiveness Analysis by Country, 2024 to 2034
Figure 62. South Asia & Oceania Market Attractiveness Analysis By Protection Type, 2024 to 2034
Figure 63. South Asia & Oceania Market Attractiveness Analysis By Application, 2024 to 2034
Figure 64. MEA Market Value (US$ million) and Volume (Kilo Tons) Forecast, 2024 to 2034
Figure 65. MEA Market Absolute $ Opportunity (US$ million), 2024 to 2034
Figure 66. MEA Market Value (US$ million) and Volume (Kilo Tons) by Country, 2024 & 2034
Figure 67. MEA Market Y-o-Y Growth Rate by Country, 2024 to 2034
Figure 68. MEA Market Value (US$ million) and Volume (Kilo Tons) By Protection Type, 2024 & 2034
Figure 69. MEA Market Y-o-Y Growth Rate By Protection Type, 2024 to 2034
Figure 70. MEA Market Value (US$ million) and Volume (Kilo Tons) By Application, 2024 & 2034
Figure 71. MEA Market Y-o-Y Growth Rate By Application, 2024 to 2034
Figure 72. MEA Market Attractiveness Analysis by Country, 2024 to 2034
Figure 73. MEA Market Attractiveness Analysis By Protection Type, 2024 to 2034
Figure 74. MEA Market Attractiveness Analysis By Application, 2024 to 2034
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Competitive landscape highlights only certain players
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- FAQs -
What is the estimated size of the armour steel plate market in 2024?
The global armour steel plate market is projected at US$ 1.45 billion in 2024.
What are the projected sales for armour steel plates by 2034?
By 2034, the market has been forecasted to reach US$ 2.10 billion.
What is the predicted growth rate for the global market?
Sales of armour steel plates are estimated to rise at a CAGR of 3.8% through 2034.
What is the forecasted growth for the sales of armour steel plates in North America?
The market in North America is forecasted to expand at a CAGR of 1.6% from 2024 to 2034.
What is the expected rate of market expansion in East Asia?
The market in East Asia is projected to expand at a CAGR of 4.8% from 2024 to 2034.
What are the projections for the market in South Korea?
Sales of armour steel plates in South Korea are predicted to increase at a CAGR of 6.6% from 2024 to 2034.
Armour Steel Plate Market