Ammunition Storage Market 2021: Comprehensive Research Including Top Companies like-Sacil SPA, Mauser Packaging Solutions, Milan Box Corporation, United Ammunition Container Inc

Ammunition Storage Market by Component, Application, Services, and Region- Forecast to 2025

The Global Ammunition Storage Market Research Report 2021-2025 published by MarketInsightsReports is a significant source of keen information for business specialists. It furnishes the Ammunition Storage business outline with development investigation and historical and futuristic cost analysis, income, demand, and supply information (upcoming identifiers). The research analysts give a detailed depiction of the Ammunition Storage worth chain and its wholesaler examination. Ammunition Storage Market study gives extensive information which upgrades the agreement, degree, and use of this report.

The ammunition storage market is expected to exhibit a growth rate of over 3% during the forecast period 2020-2025.

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Top Leading Companies of Ammunition Storage Market are Sacil SPA, Mauser Packaging Solutions, Milan Box Corporation, United Ammunition Container Inc, Modular Container Systems Inc, Tri-State Crating & Pallet Company, Mil-Spec Industries, Conco Inc., ROMTEHNICA, Nordic Armoury OU and others.

-Industry News And Updates on Ammunition Storage Market-

North America to Dominate the Market During the Forecast Period

The US is one of the leading nations in terms of technological superiority that has a plethora of firearms and other weapons at its disposal to effectively neutralize and subdue hostile forces. It is also the largest exporter of arms with its global arms export standing at USD 10.5 billion in 2018. As of July 2019, India was seeking to acquire the Excalibur artillery ammunition from the US to develop the capability to hit hostile strongholds close to populated areas without any collateral damage. With a strike range of 50 kilometers, the Excalibur ammunition can be busted in the air as well as after its penetration into the bunker-type structures through the use of different fuses.

-Key Market Trends Ammunition Storage Market-

Increasing Procurement of Ammunition by Defense Forces

The strained geopolitical scenario has driven nations to safeguard their interests by modernizing their armada, and initiating procurement and upgrade programs to achieve tactical superiority over rival nations. For instance, in July 2019, India initiated the procurement of an undisclosed number of artillery shells and other ammunition for USD 72 million from the US. Also, in April 2019, the Indian Army collaborated with NHPC limited to build underground tunnels for ammunition storage facilities near the border area with China and Pakistan. Similarly, in March 2020, the Polish Armed Forces acquired minigun ammunition for MI-17 helicopters.

-Competitive Landscape On Ammunition Storage Market-

The ammunition storage market is a moderately consolidated one with players such as Sacil SPA, Mauser Packaging Solutions, Milan Box Corporation, etc. dominating the market.

These companies design, develop, and supply ammunition storage boxes offering a set of required features such as maximum protection, low weight, low space occupancy, high stacking permissibility, low packaging cost low, etc. It is crucial for vendors to provide state-of-the-art systems to the end-users to survive and succeed in the intensely competitive market environment.

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