With ongoing border disputes over territorial conflicts and terrorist attacks, the global ammunition market is expected to gain a lot of traction in the forthcoming years. While the military is the chief target audience to most of the markets players, products targeted towards sport and personal safety also take up a significant share in the market.
Valued at US$ XX in2017, the market is projected to reach a valuation worth US$ XX by 2022. This comes with an estimated compound annual growth rate of XX% during the forecast period spanning 2017-2022.Market Dynamics
As mentioned earlier, the market stands to benefit from increasing terrorist threats and geopolitical conflicts. Other factors expected to drive the market forward in the forthcoming years include border disputes, communal violence, and internal political unrest. The need to effectively counter such activities is expected to increase demand for arms and ammunitions worldwide.
With increasing investments towards technologically advanced weaponry, the market may witness better prospects during the forthcoming years. Increased ballistic performance, smaller dimensions, firing rate, lighter weights, and non-lethal arms and ammunitions are expected to remain the major focus during the forecast period
Also, the increasing competition among nations in acquiring better and more advanced arms and equipment for their internal and external interests will shape up a better platform for progress in the ammunitions industry.
A major factor pulling down the markets growth and expansion is the reduction in defence budgets in countries that were distinguished as chief clientele, namely the US and other European economies. Also, regulatory reforms over trade and export and rising concern of lead bullets as an ecological hazard (especially during hunting and other game sports) are expected to hinder the market further.
Another significant factor weighing down the markets growth prospects is the stringency of distinct economic, political, and legal standards across different regions that would undoubtedly pose significant challenge over the forecast timelineMarket Segmentation
The market is segmented into civil and defence on the basis of application, with defence dominating through recent times. An interesting note to consider is the recent growth in the civil segments market share, owing to increasing awareness and efforts by civilians about their personal security.
The market is also segmented on the basis of product/calibre type, into small calibre, artillery, and mortar. With rising attraction towards shooting sports, non-lethal ammo, and concerns about personal security, the small calibre segment has and is expected to remain the dominant segment.Geographical Analysis
Regionally, the market is segregated into Asia-Pacific, North America, Europe, and the Middle-East. Asia-Pacific is expected to contribute a major share of the overall revenue, reasoned by increasing defence budgets in the region. This comes as a result of the rise in the frequency of internal and external conflicts in emerging economies within the region. Another interesting note is the growing prominence of the Middle-Eastern segment in recent times, attributed to increasing military expenditures in the region.
Key players in the global ammunition market include Olin Corporation, Orbital ATK Inc., Nammo AS, BAE Systems,General Dynamics Corporation, Remington Arms Company, Inc., CCI, Federal Premium Ammunition, Denel Pmp, RuagAmmotech, Poongsan Corporation, Nexter Munitions Magtech, Maxam, Global Ordnance, and Hornady Manufacturing.Report Contents
> Global Ammunitions Market segments
> Global Ammunitions Market Drivers, Restraints and Opportunities
> Global Ammunitions Market Size & Forecast 2016 to 2022
> Supply & Demand Value Chain
> Global Ammunitions Market - Current Trends
> Competition & Major Companies
and R&D Status
> Porters Five Force Analysis
> Strategic and Critical Success Factor Analysis of Key PlayersRegional Analysis:
> North America
>>US and Canada
> Latin America
>> Mexico, Brazil, Argentina and Rest of Latin America
> Western Europe
>> EU5 (Germany, France, Italy, Spain, U.K.)
>> Nordic Countries (Denmark, Finland, Norway, and Sweden)
>> Benelux (Belgium, The Netherlands, and Luxembourg)
>> Rest of Westren Europe
> Eastern Europe
>> Rest of Eastren Europe
> Asia Pacific
>> Australia and New Zealand
>> Rest of Asia Pacific
> Middle East and Africa
>> GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
>> South Africa
>> North Africa
>> Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.Report Highlights:
> Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
> Consumer and Pricing Analysis
> Market dynamics of the industry
> Market Segmentation
> Estimated Market Sizing in terms of volume and value
> Recent trends in Global Ammunitions Market and impact
> Research Status and Technology
> Extensive Industry Structure Coverage
Publisher Name : Market Litmus