Global Ammunition Market is valued approximately USD 25 billion in 2018 and is anticipated to grow with a healthy growth rate of more than 3.73% over the forecast period 2019-2026. Ammunition is the material fired, dropped, scattered and detonated from any type of weapon. These are shot to create a drastic effect on the target and are both expendable weapons and the component parts of other weapons. The increasing instances of cross-border conflicts has led the adoption of Ammunition across the forecast period. Geopolitical tensions, territorial conflicts and acts of terrorism across the globe have increased the demand for ammunition for artillery storage for warfare. Also, public safety services and law enforcement agencies frequently encounter hostile situation where they are forced to use firearms this is expected to fuel the demand for Ammunitions.
The regional analysis of global Ammunition market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to rising number of terrorist attacks in the Asian region and increasing spending of emerging economies of the region on defense operations. Also, the major countries in the region like China and India have increased defense budgets and supporting the production of advanced ammunition for military. Further, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2019-2026.
Major market player included in this report are:
- Northrop Grumman (Orbital ATK Inc.) (US)
- General Dynamics Corporation (US)
- Olin Corporation (US)
- BAE Systems (UK)
- Nammo AS (Norway)
- RUAG (RUAG Ammotec) (Switzerland)
- Nexter (France)
- Vista Outdoor Inc. (US)
- Rheinmetall AG (Germany)
- Federal Premium Ammunition
- Hornady Manufacturing
The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players.
The detailed segments and sub-segment of the market are explained below:
By Application:
- Defence
- Military
- Homeland Security
- Civil & Commercial
- Sporting
- Hunting
- Self-defence
- Others
- By Calibre:
- Small
- 5.56mm
- 7.62mm
- 12.7mm
- 14.5mm
- Medium
- 20mm
- 25mm
- 30mm
- 40mm
- Large
- 60mm
- 81mm
- 120mm
- 122mm
- 155mm
- Others
- Others
By Product:
- Bullets
- Aerial Bombs
- Grenades
- Artillery Shells
- Mortars
- Others
- By Component:
- Fuze & Primer
- Propellant
- Base
- Projectile and Warhead
- Others
- By Guidance:
- Guided
- Non-guided
- By Lethality:
- Lethal
- Less- lethal
- By Region:
- North America
- U.S.
- Canada
- Europe
- UK
- Germany
- Asia Pacific
- China
- India
- Japan
- Latin America
- Brazil
- Mexico
- Rest of the World
Furthermore, years considered for the study are as follows:
- Historical year – 2016, 2017
- Base year – 2018
- Forecast period – 2019 to 2026
Target Audience of the Global Ammunition Market in Market Study:
- Key Consulting Companies & Advisors
- Large, medium-sized, and small enterprises
- Venture capitalists
- Value-Added Resellers (VARs)
- Third-party knowledge providers
- Investment bankers
- Investor