The
industry outlook “Ammunition Market Size
By Caliber (Small Caliber, Medium Caliber, Large Caliber, Artillery, Mortar),
By Application (Defense, Civil), Industry Analysis Report, Regional Outlook
(U.S., Canada, UK, Germany, France, Italy, Russia, Japan, China, India, South
Korea, Mexico, Brazil, Saudi Arabia, UAE, Israel, Africa), Growth Potential,
Regulations, Competitive Market Share & Forecast, 2016 – 2025” by Global
Market Insights, Inc. says Ammunition market size worth USD 9 billion in 2015, is
forecast to grow at an annual rate of 2.8% over the period of 2016-2025.
The
rising necessity to safeguard nation’s security and enhance the defense
capability countering the terrorist attacks will boost the global ammunition
market. The weaponry or arms & ammunitions hold a major part of the
nation’s annual expenditure. Moreover, the rising geopolitical issues have also
imposed a threat to the overall national and international security, thus
providing lucrative growth avenues for the ammunition industry. The growing
trend of recreational activities such as hunting and shooting will also
generate decent revenue for the ammunition market.
Weaponry industry is witnessing technology
developments at a fast pace. The demand to empower the defense forces with
efficient and advanced artillery is paving a lucrative path for the ammunition
market. Industry players are investing a wholesome amount in R&D to develop
hi-tech weapons and ammunitions.
As per a report by Stockholm International
Peace Research Institute (SPIRI) in 2015, the U.S., China, Russia, and Saudi
Arabia were the top countries investing heavily in the ammunition industry. U.S
ammunition market will dominate North America region by accounting for 90% of
regional revenue by 2025, owing to the growing consumption of small and medium
capacity ammunition for recreational activities such as shooting games along
with growing awareness about criminal activities. Additionally, U.S. will be
the production hub for the ammunition.
Browse key industry insights spread across
110 pages with 88 market data tables & 60 figures & charts from this
2017 report Ammunition Market in
detail along with the table of contents:
Asia Pacific ammunition industry size
occupied 28% of the global market share in 2015 and will grow significantly
over the coming years. The countries across the APAC are investing more money
into defense activities to deal with the internal and external conflicts, which
will fuel the ammunition market size noticeably. Moreover, rising entertainment
and sports activities will also influence the Asia Pacific ammunition market
trends. China, India, and Japan will be the major revenue contributors towards
the regional growth.
Russia ammunition market share will exhibit
lucrative opportunities for the industry players due to the surging demand for
ammunition along with the growing participation of foreign companies and
increasing number of defense equipment, accessories, and sporting armaments.
Based on the caliber, ammunition market is
divided mainly into the mortar, artillery, large caliber, medium caliber, small
caliber. Shifting public focus towards shooting as a major sports activity will
generate heavy demand for ammunition over the coming years. Small caliber
ammunition accounted for more than 45% of the global market share in 2015 and
will grow noticeably over the coming years, primarily driven by its rising
usage for defense and civil purposes. Furthermore, non-lethal ammo such as wax
bullets, rubber bullets, plastic bullets, and beanbag rounds are being
prominently used for recreational activities. Artillery and mortar caliber
finds major application across defense sector, which will drive the ammunition
industry growth considerably.
The defense and civil are the prominent
application segment of the ammunition market outlook. The civil application is
further divided into law enforcement, self-defense, and sports & hunting.
Defense sector will dominate application segment by contributing for over 50%
of the total ammunition industry share by 2025. In addition, the ministry of defense,
India, is promoting private industry players to invest heavily in ammunition
production for defense under the ‘make in India program’.
Market players are focusing on new
development and up-gradation to produce high-quality products. General Dynamics
Corporation, Olin Corporation, Nammo AS, Orbital ATK, Remington Arms, BAE
Systems, Hornady, CCI, Nexter Systems, RUAG Ammotec, Global Ordnance, Federal
Premium Ammunition, Poongsan Corporation, and Denel PMP are some of the
prominent industry players in the ammunition market.
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Fractovia.org
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@fractovia.org
Website: https://www.fractovia.org
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