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Ammunition Market 2023 Latest Insights, Growth Rate, Future Trends And Forecast | Key Players : Northrop Grumman Corporation, General Dynamics Corporation, CBC Global Ammunition
Ammunition Market
As per the ammunition market report by The Business Research Company, the growing personal safety concerns and increasing shooting ranges are propelling the growth of the ammunition market.
The global ammunition market size grew from $25.6 billion in 2022 to $27.48 billion in 2023 at a compound annual growth rate (CAGR) of 7.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ammunition market size is expected to grow to $34.94 billion in 2027 at a CAGR of 6.2%.
Read More On The Ammunition Market Report Here:
https://www.thebusinessresearchcompany.com/report/ammunition-global-market-report
Major players in the ammunition market are Northrop Grumman Corporation, General Dynamics Corporation, CBC Global Ammunition, Olin Corporation, Ruag Ammotec, BAE Systems, Thales Group, Rheinmetall AG, Nexter KNDS Group, Elbit Systems, Nammo AS, Ammo Inc., Indian Ordnance Factories, Saab AB, Hanwha Corporation, and Arsenal JSCo.
The Ammunition market is segmented -
1) By Product: Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars
2) By Caliber: Small, Medium, Large, Other Calibers
3) By Guidance Mechanism: Non-guided, Guided
4) By Application: Defense, Less-lethal
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The ammunition refer to materials such as bullets, rockets, bombs, shrapnel, or shells that are fired, scattered, dropped, or detonated from any weapons. Ammunition comes in a range of types and sizes that are often designed to work only in specific weapon systems. Ammunition is a disposable weapon as well as the components of other weapons that produce the effect on a target.
The Table Of Content For The Ammunition Market Include:
1. Executive Summary
2. Ammunition Market Characteristics
3. Ammunition Market Trends And Strategies
4. Ammunition Forwarding Market - Macro Economic Scenario
5. Ammunition Market Size And Growth
……
27. Ammunition Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Ammunition Market
29. Ammunition Market Future Outlook and Potential Analysis
30. Appendix
The "Global Ammunition Market Report 2023" from The Business Research Company is a comprehensive report that covers every facet of a market covering over 60 geographies and over 2500 market segments. The regional and country breakdowns section analyzes the market in each geography and the market size by region and country. Furthermore, it assesses the market's historical and projected growth and identifies significant trends and strategies that companies can leverage for business expansion.
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