Ammunition Market Report Key Players: Ruag Ammotech, BAE Systems, CCI, Denel, Federal Premium Ammunition, General Dynamics Corporation, Global Ordnance, Hornady Manufacturing, Magtech, Maxam, Nammo AS

Based on the caliber, ammunition market is divided mainly into the mortar, artillery, large caliber, medium caliber, small caliber. Shifting public focus towards shooting as a major sports activity will generate heavy demand for ammunition over the coming years. Small caliber ammunition accounted for more than 45% of the global market share in 2015 and will grow noticeably over the coming years, primarily driven by its rising usage for defense and civil purposes. Furthermore, non-lethal ammo such as wax bullets, rubber bullets, plastic bullets, and beanbag rounds are being prominently used for recreational activities. Artillery and mortar caliber finds major application across defense sector, which will drive the ammunition industry growth considerably.

The defense and civil are the prominent application segment of the ammunition market outlook. The civil application is further divided into law enforcement, self-defense, and sports & hunting. Defense sector will dominate application segment by contributing for over 50% of the total ammunition industry share by 2025. In addition, the ministry of defense, India, is promoting private industry players to invest heavily in ammunition production for defense under the make in India program.

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North America ammunition market is slated to exhibit noticeable growth rate over the coming eight years. U.S. will cover more than 90% of the North America regional share by the end of 2025. The growth can be attributed to its increasing requirement for shooting sports and the defense sector.

Asia Pacific ammunition market accounted for 28% of the global revenue in 2015 and will register a lucrative growth rate over the period of 2016 to 2025, owing to the huge allocation of financial budgets for the defense sector. The rising demand for ammunition in sports and entertainment activities will also favor APAC market growth significantly.

Russia ammunition market will generate considerable revenue over the next few years, as it is a prominent arms producer. In addition, Russia is the main distributor of the defense equipment across the world.

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The market is highly fragmented in terms of regional manufacturers. Most of the industry giants are looking forward to develop cost-effective and advanced products as compared to their competitors. To multiply the revenue generation, key players are adopting business strategies such as mergers & acquisitions to sustain their market position. Notable participants in ammunition market are General Dynamics Corporation, Nammo AS, Olin Corporation, Remington Arms Company, Inc., Orbital ATK Inc., Federal Premium Ammunition, BAE Systems, Denel PMP, Global Ordnance, RUAG Ammotec, Hornady Manufacturing, Maxam, Poongsan Corporation, and Nexter Systems.

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