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Ammunition Market By Industry Participant: Participants include Olin Corporation, General Dynamics Corporation, Orbital ATK, Nammo AS, BAE Systems, Remington Arms Company, CCI, Ruag Ammotech

10-05-2018 11:31 AM CET | Industry, Real Estate & Construction

Press release from: Global Market Insights, Inc.

Ammunition Market

Ammunition Market

Ammunition Market in mortar segment demand is expected to grow at 3.3% CAGR, owing to growing applications in lower firing pressure arms. Defense applications account for major industry share owing to conventional utilization and demands for new innovations. Need for non-lethal bullets will offer viable growth landscape owing to their application in riot control.

Civil applications include weapons designed for self-defense, hunting & sports and law enforcement. Defense applications are forecast to grow at 2% CAGR to acquire over 50% of the ammunition market share by 2025. Industry growth across the segment can be credited to increase in recreational activities, increase in disposable income and growing population.

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Competition among nations for advanced weaponry and related equipment is likely to propel the ammunition market size from 2016 to 2025. China, Pakistan, India, Syria, and Israel will present potential growth opportunities owing to recurring border disputes. Moreover, rising gun ownership in countries such as the U.S., Russia, India and Germany will support the industry growth over the forecast timeline.

On the basis of product, the industry can be segregated into small, medium, large, artillery and mortar. Growing application of small caliber ammo for law enforcement (civil) and defense purposes is expected to drive the industry growth over the forecast time period. Mortar market is projected to grow at around 3% CAGR due to wide applications in lower firing pressure weapons. Defense sector is expected to retain its dominance throughout the forecast timeline.

Ammunition Market size was valued at USD 9 Billion in 2015, and to exceed USD 11.5 billion by 2025.

Growth Drivers:

• Rising terrorism
• Escalating arms race in Asia Pacific, MEA
• Increasing recreational & leisure activities like hunting and shooting

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APAC, led by Japan, China and India accounted over 25% of the overall revenue in the year 2015 owing to greater allotments to defense budgets. The U.S. ammunition market share is expected to witness a fast growth owing to rising demand for firearms, the country consists of several weaponry manufacturers.

U.S. ammunition market share will account for over 90% of the North American revenue by 2025. Rising concerns regarding criminal activity and utilization of small & medium caliber ammunition for recreational activities will propel consumption.

Companies operating in the ammunition market include General Dynamics Corporation, Remington Arms, Orbital ATK, BAE Systems, Olin Corporation, CCI, Ruag Ammotech, Nammo AS, Federal Premium Ammunition, Maxam, Poongsan, Denel, Global Ordnance, Hornady Manufacturing and Nexter Munitions.

Browse key industry insights spread across 110 pages with 88 market data tables & 60 figures & charts from the report, Ammunition Market in detail along with the table of contents:

https://www.gminsights.com/industry-analysis/ammunition-market

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About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
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Email: sales@gminsights.com
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