Global Ammunition Market Share Detailed Analysis of Current Industry Figures with Forecasts Growth By 2029
Global Ammunition Market was valued at USD 24.40 billion in 2021 and is expected to reach USD 32.88 billion by 2029, registering a CAGR of 3.80% during the forecast period of 2022-2029.
The Ammunition Market and Size
A wide range of ammunition of sizes and types are being utilized across the globe that are specifically designed to work only in specific weapons systems. Presence of internationally recognized standards on certain ammunition types, including .56×45mm NATO enables their use by different users.
Ammunition Market Dynamics
Drivers
- Increase in Terrorist Activities
The increase in the number of terrorist activities and hostilities globally acts as one of the major factors driving the ammunition market. Thus, the rise in the procurement of defense equipment by prominent militaries also has a positive impact on the market.
- Technological Developments
The technological developments in the ammunition such as lightweight bullets made from polymer-based cases and the rise in the penetration of small-caliber ammunition owning to the growing trend of sports that utilize rifles and pistols accelerate the ammunition market growth. The in military expenditure across countries drives the market further.
Restraints/Challenges
On the other hand, varying regulations affecting procurement of ammunition are expected to obstruct market growth. Also, international measures to control use of ammunition is projected to challenge the ammunition market in the forecast period of 2022-2029.
This the ammunition market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ammunition market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.
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Global Ammunition Market Scope
The ammunition market is segmented on the basis of product, component, caliber, guidance, lethality and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.
Product
- Bullets
- Aerial Bombs
- Grenades
- Artillery Shells
- Mortars
Component
- Fuzes and Primers
- Propellants
- Bases
- Projectiles and Warheads
- Others
Caliber
- Small
- Medium
- Large
- Others
Guidance
- Non-Guided
- Guided
Lethality
- Lethal
- Less-Lethal
Application
- Defense
- Civil
- Commercial
Ammunition Market Regional Analysis/Insights
he ammunition market is analysed and market size insights and trends are provided by country, product, component, caliber, guidance, lethality and application as referred above.
The countries covered in the ammunition market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
Competitive Landscape and Ammunition Market Share Analysis
The ammunition market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ammunition market.
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Key Players Ammunition Market
- Chemring Group PLC (UK)
- Elbit Systems Ltd. (Isreal)
- FIOCCHI MUNIZIONI SPA (Italy)
- General Dynamics Corporation (US)
- Hanwha Group (South Korea)
- Herstal SA (Belgium)
- Hornady (US)
- EXPAL Systems (Spain)
- Nammo AS (Norway)
- Nexter group KNDS (France)
- Norinco Private Limited (India)
- Northrop Grumman (US)
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