The global Ammunition Market research report 2029, as published by Data bridge Market Research, provides insights into the current global outlook and key regions, examining Major Players, Countries, Product Types, and end industries. It focuses on top players in the global market and categorizes the market based on several parameters.
This Ammunition market research report identifies the competitive landscape of industries, offering a comprehensive understanding of international competition. The study outlines the anticipated growth of the global market during forecast period. Compiled with a blend of static and dynamic perspectives, this research report captures the essence of the businesses views.
Global Ammunition Market was valued at USD 24.40 billion in 2021 and is expected to reach USD 32.88 billion by 2029, registering a CAGR of 3.80% during the forecast period of 2022-2029.
Top Companies in the Global Ammunition Market:
AMMO Inc (US), Arsenal 2000 JSCo (Bulgaria), BAE Systems (UK), CBC Global Ammunition (Brazil), Denel SOC Ltd (South Africa), Chemring Group PLC (UK), Elbit Systems Ltd. (Isreal), FIOCCHI MUNIZIONI SPA (Italy), General Dynamics Corporation (US), Hanwha Group (South Korea), Herstal SA (Belgium), Hornady (US), EXPAL Systems (Spain), Nammo AS (Norway), Nexter group KNDS (France), Norinco Private Limited (India), Northrop Grumman (US), Olin Corporation (US), Poongsan Corporation (South Korea), RUAG Group (Switzerland), REMINGTON OUTDOOR COMPANY (US), Rheinmetall AG (Germany), among others.
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Market Segmentation:
The ammunition market is segmented on the basis of product, component, caliber, guidance, lethality and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Bullets
- Aerial Bombs
- Grenades
- Artillery Shells
- Mortars
Component
- Fuzes and Primers
- Propellants
- Bases
- Projectiles and Warheads
- Others
Caliber
- Small
- Medium
- Large
- Others
Guidance
- Non-Guided
- Guided
Lethality
- Lethal
- Less-Lethal
Application
- Defense
- Civil
- Commercial
Geographically, the detailed analysis of consumption, revenue, market share, and growth rate of the following regions:
– Middle East and Africa (South Africa, Saudi Arabia, UAE, Israel, Egypt, etc.)
– North America (United States, Mexico & Canada)
– South America (Brazil, Venezuela, Argentina, Ecuador, Peru, Colombia, etc.)
– Europe (Turkey, Spain, Turkey, Netherlands Denmark, Belgium, Switzerland, Germany, Russia UK, Italy, France, etc.)
– Asia-Pacific (Taiwan, Hong Kong, Singapore, Vietnam, China, Malaysia, Japan, Philippines, Korea, Thailand, India, Indonesia, and Australia).
North America dominates the ammunition market because of the rise in the threat from terrorism, and presence of lenient gun laws within the region.
Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in the spending for the modernization of their armed forces, and the acquirement of ammunition for the armed forces and law enforcement agencies in the region.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.
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Market Dynamics
This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:
Drivers
- Increase in Terrorist Activities
The increase in the number of terrorist activities and hostilities globally acts as one of the major factors driving the ammunition market. Thus, the rise in the procurement of defense equipment by prominent militaries also has a positive impact on the market.
- Technological Developments
The technological developments in the ammunition such as lightweight bullets made from polymer-based cases and the rise in the penetration of small-caliber ammunition owning to the growing trend of sports that utilize rifles and pistols accelerate the ammunition market growth. The in military expenditure across countries drives the market further.
- Use by Civilians and the Homeland Security
The acquirement of small caliber ammunition by civilians and the homeland security department and rise in of sales channels such as online sales further influence the ammunition market. Modernization programs undertaken by military forces assist in the expansion of the market.
Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the ammunition market.
Opportunities
Furthermore, increase in a demand for advanced ammunition from emerging economies extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, reduction in weight of ammunition will further expand the market.
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