As per this study the Global Ammunition Market was valued USD XX BN (by revenue) in 2021 and is anticipated to reach USD XX BN by 2028 with a CAGR of XX%.
Ammunition refers to material fired, scattered or detonated from expendable or component part of the weapon. It is usually used in bombs, landmines, grenades, small arms, and other types of guns. Ammunition consists a projectile (leaves the weapon), primer (ignites the propellant) and a propellant or explosive (push the projectile towards the target). Ammunition comes in varied sizes, type, and materials used whereas sometimes is specially designed for specific armament.
Rising demand from defense ammunition owing to increasing terrorist attacks and expenditure on military modernization plans and safety are driving the market growth. Rising geopolitical disputes and conflicts among neighboring countries across the globe are likely to increase market penetration. Ongoing activities for building up military capabilities within emerging economies are presumed to upsurge the market growth.
This detailed market study is centered on the data obtained from multiple sources and is analyzed using numerous tools including porter’s five forces analysis, market attractiveness analysis and value chain analysis. These tools are employed to gain insights of the potential value of the market facilitating the business strategists with the latest growth opportunities. Additionally, these tools also provide a detailed analysis of each application/product segment in the global market of ammunition.
The broad ammunition market has been sub-grouped into product and end-use. The report studies these subsets with respect to the geographical segmentation. The strategists can gain a detailed insight and devise appropriate strategies to target specific market. This detail will lead to a focused approach leading to identification of better opportunities.
By End Use
Furthermore, the report comprises of the geographical segmentation, which mainly focuses on current and forecast demand for ammunition in North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report further focuses on demand for individual application segments in all the regions.
Global Ammunition Market Share by Region (Representative Graph)
The report also covers detailed competitive landscape including company profiles of key players operating in the global market. The key players in the ammunition market include BAE Systems Plc, Federal Premium Ammunition, General Dynamics Corporation, Global Ordnance, Hornady Manufacturing Company Inc., Magtech Ammunition Company, Inc., Maxam, Nexter Munitions SA, Poongsan Corporation, Remington Arms Company, LLC. and Ruag Ammotec among others. An in-depth view of the competitive outlook includes future capacities, key mergers & acquisitions, financial overview, partnerships, collaborations, new product launches, new product developments and other developments with information in terms of H.Q.
A combination of primary and secondary research has been used to determine the market estimates and forecasts. Sources used for secondary research include (but not limited to) Paid Data Sources, Company Websites, Technical Journals, Annual Reports, SEC Filings and various other industry publications. Specific details on methodology used for this report can be provided on demand.