Body armor business, body armor sales growth forecast to reach $4.2 billion by 2019

Business Insider – August 17, 2018 – The body armor business is expected to grow at an annualized rate of 2.4% by 2019, according to the body armor industry association.

That is the first annual growth rate for the industry in six years.

This comes on top of the 6.5% annual growth forecast the industry issued last year.

“We’ve seen a steady increase in sales over the last few years,” says Andrew Ragan, chief executive officer of the Body Armor Institute, a trade group.

“It’s really a product that is gaining traction.”

Ragan says the business is growing at a healthy rate and will continue to grow in the coming years.

“The industry is going to grow as a result of the consumer’s willingness to buy body armor and the fact that consumers don’t necessarily think they need it, they think they can go out and buy a lot of things that they want,” Ragan says.

The body armor market is expected for a $4 billion annualized growth rate.

Ragan predicts that the market will reach $7 billion by 2021.

The industry’s main competitor is the auto industry, which is expected grow its market share by 1.6%.

The auto industry’s market share is expected at 4.1%.

The consumer auto market is predicted to grow by 9% by 2021, according the Association of Automobile Manufacturers.

The auto body armor group predicts the growth rate of the auto body armour market will drop to 1% by 2022, while the consumer auto industry is expected increase to 3.6% by 2024.

Ragan points out that consumers will be more willing to pay for a body armor product.

“When they see that they’re going to get a protective body armor that’s going to last a lifetime, that’s not something they’re thinking about,” he says.