Law Enforcement and Firefighting Protective Clothing Fabrics Market : Growth, Demand, Supply, SWOT, Consumption, ROI to 2024
The
global market for law enforcement and firefighting protective
clothing fabrics is well-established with consistent demand from
nearly all of the established economies across the world. There are a
large number of small and large players active in this market, making
for a fragmented competitive landscape, although there is enough
fodder for all the players as several economies continue to extend
their defense budget. Moreover, factors such as growing incidences of
terrorism and protests, advancements in the technology that has led
to advanced equipment and fabrics, and safety protocols are expected
to positive influence the demand in the near future. According to the
report, the global law enforcement and firefighting protective
clothing fabrics market had an opportunity worth US$954.6 mn in 2015.
Expanding robustly at a CAGR of 6.5% during the forecast period of
2016 to 2024, the opportunities in this market are projected to rise
up to US$1.67 bn by 2024.
Read
Report Overview @
Increasing
Terrorism Acts Escalating Demand in Europe
Geographically,
the global law enforcement and firefighting protective clothing
fabrics market is segmented into North America, Latin America,
Europe, the Middle East and Africa, and Asia Pacific. Out of these,
Europe is quickly emerging as a most lucrative region, holding 33.6%
of the shares in 2015, and promising to increment the demand during
the forecast period, owing to radically increased acts of terrorism
in the countries such as France, Germany, Belgium, and the U.K.
France, in particular, heavily depends on tourism and hence, ensuring
safety is paramount for their economy, Governments in France and
other European countries are adding to their number of policing
personals and taking aggressive steps in order to restore tourists
faith and thereby escalating the demand for law enforcement and
firefighting protective clothing fabrics.
Military
Segment Serves Maximum Demand
Based
on application, the global law enforcement and firefighting
protective clothing fabrics market is segmented into police,
Ambulance or EMT, Military, and fire service, which has been further
sub-segmented into turnout gear, wildlands gear, and station wear.
Out of these, military law enforcement market segment continues to
serve the maximum demand, accounting for 40% of the requirement in
2015. With increasing terrorism incidences, the need to neutralize an
occurring incidence as well as maintain the prosperity, several
governments across the world have extended their military budget. The
key to this segment is to innovate and produce products that not only
provide enhanced protection, mobility is also asserted on. Owing to
the essentiality of the global market for law enforcement and
firefighting protective clothing fabrics, the defense sector receives
substantial support from governments, which is augmenting the
production rate and research and development in this field.
As
far as firefighting segment is concerned, future prospects are
inspiring with global warming causing drier climate and thereby
creating situations that are prone to fire. Moreover, rapid
urbanization and industrial hazard is further adding to the demand
for protective clothing fabrics.
Request
to view Sample Report:
Among
the prominent players in the global law enforcement and firefighting
protective clothing fabrics market are Teijin Aramid B.V., Milliken &
Company & Glen Raven, Inc., Koninklijke Ten Cate NY, Solvay S.A.,
Gunei Chemical Industry Co., Ltd., and PBI Performance Products Inc.
Comments
Post a Comment