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Ammunition Market- Detailed Analysis and Forecast by 2023

03-01-2018 01:28 PM CET | Advertising, Media Consulting, Marketing Research

Press release from: Infinium Global Research

Ammunition Market- Detailed Analysis and Forecast by 2023

The report "Ammunition Market by Caliber (Small Caliber Ammunition, Medium Caliber Ammunition, Large Caliber Ammunition, Mortar Ammunition, and Artillery Ammunition), Type (Tracer Ammunition, Incendiary Ammunition, Full Metal Jacket (FMJ) Ammunition, Armor Piercing Ammunition, and Other Ammunition), Application (Military, Law Enforcement, and Commercial) - Global Industry Analysis, Trends analysis and Forecast up to 2023 studies the world as well as regional markets including North America, Europe, Asia Pacific and RoW (Including Latin America, Middle East and Africa)", global ammunition market is expected to grow at a CAGR of 3.3% over the forecast period of 2017 - 2023. Factors driving the growth of this market include increasing terrorist activities & geopolitical quarrel, need to counter the terror attacks and technological advancements such as longer range and greater impact.

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Small Caliber Ammunitionis estimated to account for the largest share of the market in 2017

By caliber, the ammunition market is classified into small caliber ammunition, medium caliber ammunition, large caliber ammunition, mortar ammunition, and artillery ammunition. The small caliber ammunition segment is expected to lead the global ammunition in 2018. Factors driving the growth of this segment include increasing adoption of small caliber ammunitions in civil end use, growing demand for small caliber ammunition from open online market and rising demand from sports as well as hunting and military practice shooting.

Militaryis estimated to command the largest share of the market during the forecast period

Based on end user, the ammunition market is categorized into military, law enforcement, and commercial. The military segment is estimated to account for the largest share of the global ammunition market during the forecast period. Increasing defensive forces across the globe, growing terrorist activities & conflicts as well as rising government investments in the military ammunition are the key factors driving the growth of this application segment.

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Asia Pacific is estimated to command the largest share of the market

Based on region, the ammunition market is segmented into North America, Europe, Asia, and the Rest of the World (RoW). Asia Pacific is expected to dominate the ammunition market in 2018. This is attributed to factors such as growing conflicts in the countries such as India & Pakistan, initiatives taken by the government for increasing defense budgets and growing demand from law enforcement agencies as well as police departments.

The report profiles some of the key companies in the ammunition market including Bae Systems, Denel SOC Ltd., General Dynamics Corporation, Nammo As, Orbital ATK Inc., Olin Corporation, Poongsan Corporation, Remington Arms Company, LLC, Ruag Ammotec, and Vista Outdoor Inc.

About Us

Infinium Global Research and Consulting Solutions is started with a single motto of being business partner of first choice. We at Infinium work on the strengths of our clients to ensure we help them consolidate their market position. We firmly believe in the fact that ‘if you are able to develop newer opportunities then you find there is no dearth of opportunities for you. With our strategic research approaches and deep dive in the market segments, we try to find out new opportunities that our clients can encash with their existing resources. Our experts with over 100 years of cumulative experience in research offer the best in the industry services to our clients to ensure that they achieve their business goals.

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Infinium Global Research,
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U.S. + Canada: 1-800-638-0796,
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