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The Cumulative Impact of COVID-19 on the body Armor Industry and Production Lead Times

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Author: Tim Metzinger CEO

An adjunct to a blog posted on our website dated March 25th.2020                                                    “Coronavirus Disease, Facts Not Fear”

Based upon recent studies,  sourcing quite a few likely scenarios surrounding the Body Armor industry,  the anticipated growth rate for 2020-2021  will continue to grow by a xx% throughout the remainder of 2020 and into 2021. To illustrate that we need only to look at the revenue growth rates were in early and mid-2020 from US$ 1829.5 million in 2019 (https://www.qyresearch.com/index/detail/1739011/impact-of-covid-outbreak-on-body-armor-global-and-japan-market, 2020).

So, what conclusions can we draw? Firstly, obviously and foremost is that the industry is alive and thriving. Secondly is, that at least for the foreseeable future, production lead times will most likely continue to get longer until supply matches demand. Thirdly, and probably most important is that if you’re even remotely considering purchasing body armor, do it now while prices and lead times are still reasonable. We want you to have the armor that you need, whether or not you buy it from us, and yes we’d prefer that obviously; You still have options, with discounts and financing options available its just a matter of “pullin’ the trigger”; because,,, your life matters!

References

ASD Reports. (2019, March). Body Armor Market Research Report Cumulative Impact of COVID-19. Retrieved from https://www.asdreports.com/market-research-report-541666/body-armor-market-research-report-cumulative-impact-covid: https://www.asdreports.com

https://www.qyresearch.com/index/detail/1739011/impact-of-covid-outbreak-on-body-armor-global-and-japan-market. (2020). Retrieved from https://www.qyresearch.com/index/detail/1739011/impact-of-covid-outbreak-on-body-armor-global-and-japan-market: https://www.qyresearch.com/index/detail/1739011/impact-of-covid-outbreak-on-body-armor-global-and-japan-market

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