Global Ammunition Market - Trends, Growth Propellers, Segmentation And Top Players

Procuring and developing enhanced weaponry and ammunition has become highly competitive these days. Considered as a way to ensure the security of a nation from foreign forces, arms and ammunition currently form a big part of any country’s annual spending. Rising concerns in the form of unfavorable geopolitical disputes and threats from terrorists are also significantly leading to the increased demand for a variety of weapons and ammunition on the global front.

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Transparency Market Research’s report on the global ammunition market gives a 360-degree overview of the market and its crucial elements, from a global as well as regional perspective. The report presents estimates and forecast regarding the overall growth prospects of different product and application segments on the basis of a regional and global analysis over the period between 2015 and 2021.

The report also presents a detailed overview of the projected impact of some of the key drivers, restraints, and trends in the market. The report includes valuable qualitative and quantitative data pertaining to the key market elements. The data compiled in the report provide relevant market insights aimed to assist effective decision-making.

The data in the report is gathered with the help of numerous primary as well as secondary research methodologies, and filtered, to succinctly present before the reader only the details that matter the most, with the help of several industry-best analytical methods.

Global Ammunition Market: Overview

The report attributes the growth of the market to the changing law enforcement and military requirements, and continuous research and development activities in the field of arms and ammunition for the flourishing growth of the market in the past few years. The rising popularity of shooting-related sports is also driving the demand for a variety of ammunition in the global market.

The report states that the market, which had a valuation of US$11.48 bn in 2014, will expand at a 3.7% CAGR between 2015 and 2021, and reach US$14.87 bn by 2021.

The report segments the global ammunition market on the basis of four criteria: ammunition type, caliber, application, and geography.

On the basis of type, the market is segmented into full metal jacketed, incendiary, armor piercing, tracer, and other ammunition varieties. On the basis of caliber, the market is segmented into small caliber, medium caliber, artillery, mortar, and shotgun. On the basis of application, the market is segmented into military, commercial, and law enforcement. Regionally, the market is segmented into North America, Europe, Asia Pacific, and Rest of the World (RoW).

Of the variety of calibers of ammunition examined in the report, the segment of small caliber ammunition has observed a significant rise in demand in the past few years. On the basis of application, the market is dominated by the military segment. However, the overall demand for ammunition has also significantly increased in the commercial and law enforcement sectors.

Global Ammunition Market – Key Players

Some of the major companies operating in the global ammunition market are Orbital ATK, Inc., General Dynamics Corporation, Nammo A.S., Fiocchi Munizioni S.p.A., Hornady Manufacturing Company, Inc., Companhia Brasileira de Cartuchos, Rheinmetall Defence, RUAG Holding A.G., Prvi Partizan A.D, and Nexter Group.

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This release was published on openPR.