Civil & Commercial Ammunition Market Analysis, Trends, Opportunity, Market Size and Segment Forecasts 2020-2027

Ammunition is an object that can be discharged from a weapon. Types of ammunition include bullets, bombs, land mines, missiles, grenades, and others. The size of ammunition is expressed in terms of calibre (measured in millimetres or inches). Ammunition are designed according to the weapons from which it would be used. Ammunition which are less than calibre 20 mm are categorized as small arm and larger calibre ammunition are considered as artillery. A complete round of ammunition includes all the components essential for firing of the gun or weapon, such as projectile, propellant, and a primer (use to ignite the propellant). Artillery ammunition can be classified into high-explosive, armored piercing, nuclear, chemical, and anti-personnel.

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COVID-19 Scenario analysis:

Due to COVID-19 situation, the research & development in civil and commercial ammunition companies across the globe has been hampered due to declared lockdowns and government restrictions on public gatherings.

Due to the COVID-19 pandemic, several major sports events such as Olympics 2020 has been cancelled or postponed. Such cancellation of sport events is directly affecting the civil and commercial ammunition market as shooting sports are also integral part of such events.

Production rate of civil and commercial ammunition making companies have been affected adversely due to COVID-19 situation.

Civil and commercial ammunition companies facing the temporary operational issues due to the restrictions on site access, imposed by government authorities to contain the spread of virus.

Post COVID-19, the global ammunition market will witness a significant growth as several shooting sports events can resume which were previously postpones due to the pandemic.

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Top impacting factors: market scenario analysis, trends, drivers and impact analysis

Increase in use of guns for personal safety, growing weapon sales, and increase in participation in shooting sports are some of the major factors that drive the civil and commercial ammunition market. However, formulation & stringent implementations of gun control legislation are hampering the market growth. On the contrary, development of lightweight ammunition and increasing research & development to develop advance ammunition will contribute further in the growth of the global civil and commercial ammunition market.

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Increase in participation in shooting sports
Shooting sports has witnessed increased participation across the globe. The governments of several nations such as Australia, India, the U.S., among others are providing funds and running programs to increase in participation in sports such as shooting. Such programs are focused on setting up more public shooting and providing sports players access to these shooting ranges. Such programs are attracting players in shifting their focus on shooting, thus also creating demand for shooting guns & ammunition. Hence, increase in participation in shooting sports are contributing in the growth of the global civil and commercial ammunition market.

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