Press release
Ammunition Market: Investment Opportunities to Cross USD $31.7 Billion by 2031
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ฉ๐จ๐ซ๐ญ - https://www.alliedmarketresearch.com/request-sample/10025
Drivers, restraints, and opportunities:
The global ammunition market is being driven by a variety of factors including an increase in demand for firearms and ammunition for purposes such as self-defense, hunting, sports shooting, military and law enforcement operations. Additionally, there is a surge in government spending on defense operations, an uptick in demand within the military and defense sector due to geopolitical tensions, and advancements in technology and changes in military strategies.
The growth of the ammunition market is hindered by various factors such as the limited availability of raw materials, as well as government regulations that impose strict licensing requirements and restrict the types of ammunition that can be sold.
Furthermore, advancements in smart ammunition technology offer potential opportunities by enabling remote tracking and control of ammunition, thereby reducing the risks of unintended discharge or unauthorized use. These developments are expected to create new avenues for growth in the ammunition industry in the future.
The defense segment to maintain its leadership status throughout the forecast period
Based on application, the defense segment held the highest market share in 2021, accounting for more than two-thirds of the global ammunition market revenue and is estimated to maintain its leadership status throughout the forecast period. The growth of the segment is driven by rising threat of terrorist activities, modernization programs in the defense forces across the globe for strengthening the armed forces to deal with border issues with nations and counter terrorism operations.
On the other hand, the civil and commercial segment is projected to manifest the highest CAGR of 4.4% from 2022 to 2031. This is due to the utilization of ammunition in the commercial sector like sports (shooting) and in private corporations for protection purposes.
๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐จ๐ฆ๐ฉ๐ฅ๐๐ญ๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ ๐๐จ๐ฐ - https://www.alliedmarketresearch.com/ammunition-market/purchase-options
The small segment to rule the roost throughout the forecast timeframe
Based on caliber size, the small segment contributed to the major share in 2021, holding nearly two-fifths of the global ammunition market revenue and is likely to dominate the market during the forecast period. Also, the same segment would portray the fastest CAGR of 4.4% during the forecast period.
The growth is attributed to the diverse application of small caliber ammunition in shotgun pistols, rifles, assault rifles, and resolvers by military and homeland personnel globally, due to less lethality of this ammunition for countering armed conflicts.
๐๐๐๐๐๐๐-๐๐๐๐ ๐๐ ๐ ๐๐ (๐๐ข๐ฅ๐ฅ 30 ๐๐๐ 2025) - ๐๐ฎ๐ฒ ๐๐จ๐ฐ & ๐๐๐ญ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐ข๐ฌ๐๐จ๐ฎ๐ง๐ญ ๐จ๐ง ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ https://www.alliedmarketresearch.com/checkout-final/1c35c06c6a605063b87fde06c3bcdddf
North America to maintain its dominance by 2031
Based on region, North America held the highest market share in terms of revenue in 2021, accounting for nearly two-fifths of the global ammunition market revenue and is likely to dominate the market during the forecast period. The North American region is the hub of most developed and established framework of security in the commercial and public sectors.
The major countries in the North America region like the USA and Canada are having high expenditure for the internal security of their countries.
However, the Asia- Pacific region is expected to witness the fastest CAGR of 5.1% from 2022 to 2031. The rising military expenditure by the major countries in the region for upgradation of their armed forces is projected to increase the demand of ammunition market in the Asia-Pacific region.
Leading Market Players:
General Dynamics Corporation
BAE Systems
RUAG
Vista Outdoor Inc.
Northrop Grumman
Olin Corporation
Nammo AS
Nexter
Rheinmetall and Hornady Manufacturing Company
๐๐ง๐จ๐ฐ ๐๐จ๐ซ๐- https://www.prnewswire.com/news-releases/ammunition-market-to-reach-31-7-billion-globally-by-2031-at-3-9-cagr-allied-market-research-301785819.html
๐๐ข๐ฆ๐ข๐ฅ๐๐ซ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐๐ ๐๐๐ฏ๐ ๐จ๐ง ๐๐๐ซ๐จ๐ฌ๐ฉ๐๐๐ ๐๐ง๐ ๐๐๐๐๐ง๐ฌ๐ ๐๐ง๐๐ฎ๐ฌ๐ญ๐ซ๐ฒ:
๐๐ข๐ซ๐๐ซ๐๐๐ญ ๐๐ข๐ ๐ก๐ญ๐ข๐ง๐ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/aircraft-lighting-market-A06273
๐๐๐ซ๐จ-๐๐ฆ๐ข๐ฌ๐ฌ๐ข๐จ๐ง ๐๐ข๐ซ๐๐ซ๐๐๐ญ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/zero-emission-aircraft-market-A11848
๐๐ข๐ซ๐๐ซ๐๐๐ญ ๐๐๐ง๐ฌ๐จ๐ซ๐ฌ ๐๐๐ซ๐ค๐๐ญ https://www.alliedmarketresearch.com/aircraft-sensors-market-A06225
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