Ammunition Market Size, Revenue, Growth & Covid-19 Impact Industry Analysis, and Regional Forecast, 2019-2026

Fortune Business Insights™ profiles a list of all the companies operating in the ammunition market.

They are as follows:

Aguila Ammunition
BAE Systems
Denel SOC Ltd
General Dynamics Corporation
Nammo AS
Northrop Grumman Corporation
Olin Corporation
RAUG Group
Remington Arms Company, LLC.
Sellier and Ballot
Vista Outdoor, Inc.
Other prominent companies
Final Report will add the Impact of COVID-19 Analysis on Ammunition Industry:

The global ammunition market is anticipated to gain impetus from the ever-increasing usage of zinc and copper alloys for covering bullets. It not only enhances performance, but also provides jacket. Besides, the adoption of smokeless bullets has upsurged as they produce high pressure and temperatures, which, in turn, delivers more friction. This information is provided by Fortune Business Insights™ in a recent report, titled, “ Ammunition Market Size, Share and Global Trend by Caliber (223 Remington, 308 Winchester, 9mm Luger, 45 Auto/ACP, 380 ACP, 357 Magnum, 10 Gauge, 12 Gauge, 40 SandW, 20 Gauge, 22LR, 50 BMG, 6.5 Grendel, 7.62*39/54r, and Others) By Application (Commercial (Shooting Sports and Hunting, and Self-defense), Military and Homeland Security) By Bullet Type (Lead, Copper, Brass, and Others), and Regional Forecast, 2019-2026.” The report further states that the ammunition market size was USD 8.00 billion in 2018 is projected to reach USD 8.86 billion by 2026, exhibiting a CAGR of 1.40% during the forecast period.

This Report Answers the Following Questions:

What are the ammunition market trends, opportunities, and challenges?
How many companies are expected to lead the market in terms of revenue?
Which segment is set to dominate the market based on share?
What are the significant strategies adopted by key companies to intensify competition?
What are the growth drivers and hindrances that the market may come across in future?
Get Sample PDF Brochure with Impact of COVID19:

https://www.fortunebusinessinsights.com/enquiry/covid19-impact/ammunition-market-103481

Drivers and Restraints-

Rising Terrorist Activities Worldwide to Propel Growth

Rising demand for ammunition from military forces worldwide is a major factor that is likely to affect the market positively in the coming years. Apart from that, this type of ammunition is used for personal safety. Coupled with this, the rising terrorist activities occurring in many countries would contribute to the ammunition market growth in the coming years. Shotguns and handguns are mainly preferred by safety.

Therefore, these calibers are exhibiting exponential demand owing to the requirement of people for their revolvers and pistols. In many parts of the world, the increasing production of handguns, as well as rising export and import are skyrocketing demand. Additionally, increasing number of training courses and shooting competitions are likely to contribute to the growth. However, there are restrictions in the international trade of this type of ammunition because of the stringent norms put forward by many regulatory authorities.

Segment-

Ability to Remain Consistent will Drive Growth of the Copper Segment

Based on bullet type, the market is categorized into brass, copper, lead, and others. Out of these, the copper segment held 42% ammunition market share in 2018. It is likely to experience an astonishing growth in the forthcoming years. This growth is attributable to their possession of various advantages, such as lightweight, rapid expansion, and consistency. The lead segment would grow significantly owing to its usage in several applications, namely, shooting target points, shooting bottles or cans, self-defense, and hunting.

Quick Buy:

https://www.fortunebusinessinsights.com/checkout-page/103481

Regional Analysis-

North America to Remain at Forefront Fueled by Rising Defense Expenditure

In terms of geography, the market is segregated into Europe, North America, Asia Pacific, and the rest of the world. Amongst these, North America procured USD 4.40 billion ammunition market revenue in 2018. This growth is attributable to the rising modernization of military programs taking place in the U.S. Army, as well as the rising expenditure on defense. Asia Pacific, on the other hand, is projected to grow considerably backed by the increasing investments in defense operations by many countries. Coupled with this, rising political conflicts and increasing terrorist activities would contribute to growth.

Competitive Landscape-

Key Players Focus on Bagging Contracts from Defense Sector to Gain Competitive Edge

The market consists of many renowned manufacturers that are currently aiming to gain new contracts and orders from the defense sector to provide them with state-of-the-art products. They are aiming to strengthen their positions in the market through these. Below are two of the latest key industry developments:

January 2020: Elbit Systems Ltd. announced that it bagged a contract worth USD 144 million from the Israeli Ministry of Defense (IMOD). It would enable the company to deliver ammunition to the Israeli Defense Forces. Its duration is five years.
February 2018: Olin Corporation was awarded a contract by the U.S. Army to produce 7.62mm, 5.56mm, and 50 caliber ammunition cartridges. The total value of the contract is USD 51.1 million.
Get a Customized Report:

https://www.fortunebusinessinsights.com/enquiry/customization/ammunition-market-103481

Contact Us:

Fortune Business Insights™ Pvt. Ltd.

308, Supreme Headquarters,

Survey No. 36, Baner,

Pune-Bangalore Highway,

Pune - 411045, Maharashtra, India.

Phone:

US: +1 424 253 0390

UK: +44 2071 939123

APAC: +91 744 740 1245

Email: sales@fortunebusinessinsights.com

About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them to address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

At Fortune Business Insights™, we aim at highlighting the most lucrative growth opportunities for our clients. We, therefore, offer recommendations, making it easier for them to navigate through technological and market-related changes. Our consulting services are designed to help organizations identify hidden opportunities and understand prevailing competitive challenges.

This release was published on openPR.