Ammunition (informally ammo) is the material fired, scattered, dropped or detonated from any weapon. Ammunition is both expendable weapons (e.g., bombs, missiles, grenades, land mines) and the component parts of other weapons that create the effect on a target (e.g., bullets and warheads). Nearly all mechanical weapons require some form of ammunition to operate.
Ammunition Market Conspectus
Global Ammunition Market Report demonstrated that Ammunition market is poised to present surging growth during the predicted period from 12,099 million USD in 2019 to reach 15,488 million USD by 2026 with a CAGR of 3.59%. Global economic development, government regulations adjustment, related industry dynamics, industrial upgrading, and competition among market’s participators are some of the key factors that influence the Ammunition market development. A distinctive and comprehensive picture of Ammunition is embodied in the report.
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Major Participators Landscape
Various market pacemakers covered in the report are Orbital ATK Inc., Olin Corporation, General Dynamics Corporation, BAE Systems, Remington Arms Company, LLC, Nammo AS, Ruag Ammotec, Poongsan Corporation, Maxam, and Federal Premium Ammunition. The report provides an analysis of the market’s competitive landscape and offers information on the products offered by various companies, which will help companies create strategies to take advantages of the emerging opportunities in the future. Production and consumption are estimated to continue developing with a stable growth rate during the forecast period. As a result of meeting the surging demand, more manufacturers are expected to go into this industry.
Market Dynamics Abstract
First and foremost, the market growth is primely attributed to the rising security concerns, growing weapon sales, and the increasing modernization programs. Secondly, rising demand for ammunition due to increasing military spending, the increasing instances of cross-border conflicts and terrorist activities globally are also giving impetus to the Ammunition market growth. Furthermore, the rise in terrorist activities accompanied by stacking of arms and weapons in emerging economies owing to rising defense expenditures is also expected to propel market growth over the forecast period.
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Ammunition Type Abstract
On the basis of the type, the Ammunition can be bifurcated into Small Caliber Ammunition, Medium Caliber Ammunition, Large Caliber Ammunition, Artillery Ammunition, and Mortar Ammunition.
Ammunition Application Abstract
The Ammunition is commonly used into Defense and Civil & Commercial.
Civil & Commercial segment holds the largest Ammunition market share and expected to grow at comparatively higher growth rates owing to the rise in the population, disposable income and the increasing interest in recreational activities.
Key Regions Overview
The report covers the major countries analysis in North America, Europe, Asia Pacific, and the rest of the world. Furthermore, policy mobilization, social dynamics, fashion trends, and economic development in these countries are also taken into consideration.
North America dominated the Ammunition market with a share of 32.47% and expected to maintain dominance during the forecast period owing to the presence of a large number of market players. The U.S. ammunition market share is estimated to experience fast growth owing to increasing firearms demand in shooting games and defense. The country is considered as a production hub and contributes a large domestic industry share for arms and ammunition sales; it is expected to witness consistent demand over the forecast period.
The Asia Pacific was the second largest market with a share of 30.42% and projected to witness the fastest growth in the coming years. This is mainly attributed to the rising number of terrorist activities in the Asia Pacific region and increasing spending of emerging economies of the region on defense operations. Countries such as India and China have increased their defense budgets and are procuring advanced ammunition for their armed forces. This, in turn, is leading to the growth of the Asia Pacific ammunition market during the forecast period.
Table of Content
1 Report Overview
1.1 Product Definition and Scope
1.2 PEST (Political, Economic, Social and Technological) Analysis of Ammunition Market
…
2 Market Trends and Competitive Landscape
3 Segmentation of Ammunition Market by Types
4 Segmentation of Ammunition Market by End-Users
5 Market Analysis by Major Regions
6 Product Commodity of Ammunition Market in Major Countries
7 North America Ammunition Landscape Analysis
8 Europe Ammunition Landscape Analysis
9 Asia Pacific Ammunition Landscape Analysis
10 Latin America, Middle East & Africa Ammunition Landscape Analysis
11 Major Players Profile
11.1 Orbital ATK Inc.
11.1.1 Orbital ATK Inc. Company Profile and Recent Development
11.1.2 Market Performance
11.1.3 Product and Service Introduction
11.2 Olin Corporation
11.3 General Dynamics Corporation
11.4 BAE Systems
11.5 Remington Arms Company, LLC
11.6 Nammo AS
11.7 Ruag Ammotec
11.8 Poongsan Corporation
11.9 Maxam
11.10 Federal Premium Ammunition
…
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Target Audience:
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