Military Footwear, Apparel and Body Armor Market to Witness Recovery in the Coming Years.
The Global Military Footwear, Apparel and Body Armor Market was valued at USD 4.2 Billion in 2020 and is expected to grow at a Compound Annual Growth Rate (CAGR) of 4.2% between 2021 to 2028. The military footwear, apparel and body armor market offers product range used by military personnel’s and policemen. The military operations are required body protection equipment like body armor for the safety of the person from external attack including protection bullet and fire. These body armors are extensively used in military due to their ability to absorb the shock and minimize the impact of the attack. The military footwears are also crucial part of military uniform. These footwears are designed to be wormed by soldiers during combats, training, military missions, parades and ceremonial activities. These food wares are witnessing the product improvements involving ankle stability, combination of grip and foot protection suitable for a rough environment.
Military Footwear, Apparel and Body Armor Market Dynamics
The global military footwear, apparel and body armor market is segmented depending on type of product, application and target audience. The product segment is bifurcated into military footwear product and military apparel wear product. The application segment is again divided among navy, army and air forces. And lastly the target audience segment is divided among manufacturer / potential investors, traders (distributors, wholesalers, retailers, importers exporters) and association and government bodies.
The global military footwear, apparel and body armor market had witnessed a significant slowdown due to COVID-19 outbreak. The market had faced decline in production activities due to strict government lockdown implementations. The defense manufacturing industry requires large number of manual labors, the decline in manual labors to revealing COVID-19 infections had halted the production processes. The military footwear, apparel and body armor market is estimated to recover slowing in the coming years. However, the leading players of the global military footwear, apparel and body armor market re trying to adopt new strategies and looking for new funding resources to eliminate the rising obstacles in the market growth.
Regionally, North America is the dominant player in the military footwear, apparel and body armor market owing to the presence of the leading market players and strengthen of defense sector. The APAC region is estimated to provide significant market growth opportunities in the forecast period. The prominent market players in the military footwear are apparel and body armor market are Dupont, AR500 Armor, Elbeco, Mehler Vario Systems, Safari land Group, Armor Express, DSM, PHA CORP, PPSS, Jihua Group Company Limited., and Ningbo Dacheng Advanced Material.