Global Ammunition Market Analysis, Drivers, Restraints, Opportunities, Threats, Trends, Applications, and Growth Forecast to 2027

MarketResearch.biz delivers in-depth insights on the global ammunition market in its upcoming report titled, “Global Ammunition Market Trends, Applications, Analysis, Growth, and Forecast: 2017 to 2027”. The global ammunition market is estimated to register a CAGR of X.X% in terms of value during forecast period 2017–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global ammunition market report has been segmented on the basis of product type, caliber, application, and region.

This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Ammunition is the material that is fired, detonated, scattered using any weapon. There is various type of ammunition such as bullets, bombs, land mines, missile, grenades, etc. Ammunition is designed according to the weapon and comes in a great range of sizes and types that is being used to hit the target. It is very important to choose right ammunition according firearm that is being used.  Most of the ammunition is lethal and sufficient to cause death.

Increasing military budget in developed and developing countries is a major factor anticipated to boost the demand of ammunition and drives the growth of the global ammunition market. Rising geopolitical conflicts and growing terrorism activities are also key factors fueling the growth of the global market. Political unrest and regional conflicts compelling countries for well-equipped and advanced defense system and is increasing demand of new and more efficient ammunitions. Modernization of defense sector in emerging economies is another factor propelling growth of the target market. Furthermore, rising adoption of small caliber guns for self-protection and growing participation in shooting sports are factors expected to propel the demand of ammunition and drive the growth of the global market over the forecast period.

However, stringent government rules against weapons such as gun, pistol and ammunition possession may hamper the growth of the global ammunition market.

Research and development activities to manufacture advanced and lightweight ammunitions and introduction of upgraded high velocity cartridge, caseless ammunition and polymer case ammunition, etc. can create higher revenue opportunities for players in the target market.

The North America accounts for largest market share in terms of revenue and is expected to maintain its dominance over the forecast period, owing to increasing demand for new technological weapons and ammunition by defense and other security agencies in the region. In addition, lack of gun control law in the US is another factor fueling the growth of the market. The Asia Pacific is expected to account for a significant share in the global market in terms of revenue in the near future, owing to the increasing military budget of emerging economies in the region. The market in Middle East and Africa is expected to witness lucrative growth, owing to rising regional conflicts and increasing terrorism activities.

Global Ammunition Market Segmentation:

Segmentation by product type:

• Non-Cartridge Based
• Cartridge Based

Segmentation by caliber:

• Artillery Ammunition
• Mortar Ammunition
• Large Caliber Ammunition
• Medium Caliber Ammunition
• Small Caliber Ammunition

Segmentation by application:

• Civil
  • Self defense
  • Law Enforcement
  • Hunting and Sports
• Defense

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa