The Global Ammunition Market:Global Industry Analysis, Size, Share, Growth, Trends, and Forecasts 2017–2025
Global Ammunition Market: Overview
Several issues over terrorism are increasing in many regions across the world and particularly in the Europe. Terrorist turmoil is increasing in count and government organizations are doing what they can to deal with it. This includes growing expenditure on ammunition's of all kinds and calibers. Regions such as India, China, South Korea, and Pakistan are also growing their expenditure on ammunition owing to turmoil created by neighboring regions. An associated event is the increasing pace of the arms race in regions from the Middle East & Africa, and Asia Pacific. Numerous countries from these geographical are strengthening their multitude count and modernizing their armed forces tools. This increasing arms race is creating a very huge demand and requirement for ammunition's, further fueling its global market.
Global Ammunition Market: Growth Factors
Up gradation of previously active and the introduction of latest firearms has endorsed the expansion of current ammunition's. At present day ammunition is competent of high demolition at various levels based on the firearms in which they are going to be functional. Ammunition productions companies are striving to expand enhanced ammunition in order sustain their current market positions. Consistent increases in terrorist activities in the province of Asia Pacific, North America and Europe have motivated the use of many ammunition. Public safety services, local forces and homeland security services across different countries also make use of firearms time-to-time in order to continue with law and order. Many regions such as the U.S. is likely to promote sports hunting which over again compromises the use of ammunition. Sports connecting firearms are one of the most important producers in current day ammunition market. All the above-cited aspects are propelling global ammunition market as well as it is further projected to grow at a major rate in the coming years.
Global Ammunition Market: Segmentation
Bullets were projected as the major product segment in the year 2015. The rocket division contributed to around 15.5% of the ammunition requirement and demand in the same year. Development of the bullet division is mainly accredited to increasing civil end uses for individual security and safety in the form of different fire arms such as revolvers, pistols, rifles, and shotguns. Large number of citizens in the U.S., region own a gun as the licensing method is quite simple as compared to that in other parts of the globe. This mainly contributes to the augmented usage of ammunition in the civil division.
Civil was projected as the biggest end-use segment in the years 2015, accounting for around 74.5% revenue market share for ammunition. This division is further fragmented into sports and hunting, law enforcement, and self-defence. The division is driven by overall increase in demand from hunting and sports. Sports and hunting is likely to gain popularity, mainly in North America and Europe. Apart from intimidation from different terrorist organizations, internal safety is also being challenged in Asia Pacific, and the Middle East and Africa. This is projected to offer most important fillip to the development of self-defense division over the forecast period.
Global Ammunition Market: Regional Analysis
Although Europe and North America currently hold major shares in the market based on value for ammunitions, their development rate is projected reduce over the coming future owing to considerable reductions in overall demand and requirement. At the same time, the demand and requirement for ammunitions is projected to increase quickly in Asia Pacific and the Middle East and Africa province. By the end of the years 2021, the market share of ammunitions revenue is likely to held by Europe will be around 31.78%. At present, most of the demand and requirement for ammunitions in Europe is likely to come from the strengthening of the national defense forces to battle the increasing waves of terror campaign. Both Europe and North America are at present focusing more on the refurbishment and replacement of older weapons as well as ammunitions, creating a reasonable requirement and demand for recent ammo. At present, the biggest market for ammunitions lies in Russia; a country which is projected to maintain its top most position till 2021.
Global Ammunition Market: Competitive Players
Some of the most important market players in the global Ammunition are General Dynamics Corporation, Fiocchi Munizioni S.p.A., Orbital ATK, Inc., Nammo A.S., Hornady Manufacturing Company, Inc., and RUAG Holding A.G., are among others.
Global Ammunition Market: Regional Segment Analysis
- North America
- Asia Pacific
- Latin America
- Middle East and Africa
What Report Provides
- Full in-depth analysis of the parent market
- Important changes in market dynamics
- Segmentation details of the market
- Former, on-going, and projected market analysis in terms of volume and value
- Assessment of niche industry developments
- Market share analysis
- Key strategies of major players
- Emerging segments and regional markets
- Testimonials to companies in order to fortify their foothold in the market.