The report encompasses the forecast as well as analysis of the ammunition market on a global and regional level. The study displays historical data of 2016 to 2019 along with a forecast from 2020 to 2026 based on revenue (USD Million). Additionally, the market growth drivers, opportunities, limitations, and trends are also included in the ammunition market report.
We have included industry analysis models in our report and extensively demonstrated the key business strategies and competitive landscape of the global ammunition market in our study.
Our study also includes an analysis of Porter’s Five Forces framework for understanding the competitive strategies used by market competitors. It also encompasses PESTLE analysis and SWOT analysis of players.
The report also offers an in-depth analysis of the market share of each industry player and gives an outline of the market position of key players in the ammunition market. Moreover, the study offers wide coverage of key strategic improvements witnessed in the market such as acquisitions & mergers, new product launches, agreements, partnerships, collaborations & joint ventures, R&D activities, and geographical expansion of key players of the ammunition market.
The study provides a decisive view of the ammunition market by segmenting the wig market based on type, guidance, application, and regions. All the segments have been analyzed based on present and future trends and the market is estimated from 2020 to 2026. The regional segmentation includes the current and forecast demand for North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
The growing interest of people in North America and European countries towards hunting, shooting, & organizing different sports activities related to shooting are expected to drive the market in the analysis period. The demand for small-caliber ammunition in the civilian sector is growing at a high pace, owing to the need for self-defense and increasing terrorist activities. Further, increasing adoption of personal weapons for security concerns is fueling the market for ammunition in the civil sector. One of the most widely used ammunition in the civilian sector is the .308 Winchester which is a civilian version of the 7.62x51mm NATO round. The Win.308 is designed to be used in bolt action rifles which is used for hunting and has a straight case.
The global ammunition market is segmented based on type, guidance, and application. Small caliber ammunition, medium caliber ammunition, and large caliber ammunition are the type based segmentation of the market. Small caliber ammunition holds the largest revenue share of the global ammunition market and is projected to continue the trend in the forecast period. The guidance segment is bifurcated into guided and non-guided type ammunition. Militaries around the world are engaged in the high use of conventional non-guided type ammunition. The application segment is classified into military, law enforcement, and civilian. The civilian application segment is expected to have the fastest CAGR during the forecast period.
Key players operating in the ammunition industry are Northrop Grumman, FN Herstal, Nammo AS, Australian Munitions, CBC Ammo Group, Israel Military Industries Systems (IMI), BAE Systems PLC, General Dynamics, Denel Soc Ltd., Liberty Ammunition, Olin Corporation, Remington Outdoor Company, MAST Technology, Inc., Ruag Group (Ruag Ammotec AG), Poongsan Defense, and Rosoboronexport.
This report segments the global ammunition market as follows:
Global Ammunition Market: By Type Segment Analysis
Global Ammunition Market: By Guidance Segment Analysis
Global Ammunition Market: By Application Segment Analysis
Global Ammunition Market: Regional Segment Analysis
Key Pointers Addressed by the Report
Key Insights from Primary Research
Key Recommendations from Analysts
Global Ammunition Market Revenue Share, By Application Segment for 2018
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