The Global Ammunition Market is forecasted to be worth USD 28.81 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market growth include growing adoption of the ammunition for self-defense, rising domestic violence terrorist activities, increasing interests in bird-hunting, usage of the ammunition in sports, and availability of the cost effective weapons with ammunition, to name a few.
The report is updated with the impact of the COVID-19 pandemic on the Ammunition market. Every industry vertical across the globe has been affected by the pandemic, and the report assesses if the impact of the pandemic on the Ammunition market has been positive or negative. It also sheds light on the effect of the financial difficulties and supply disruption caused by the pandemic in the overall growth of the market. Furthermore, the report covers a current and future impact assessment of the pandemic on the overall growth of the Ammunition market.
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Ammunition Market Competitive Outlook:
Smith Wesson Holding Corp., Freedom Group, Orbital ATK, Sturm, Ruger, Co., Inc., American Outdoor Brand Corporation, Thales Group, Lockheed Martin, General Dynamics Corporation, Beretta S.p.A., and Raytheon Company, among others.
Some Key Highlights from the Report
In November 2019, Nammo declared an acquisition of the Chemring Ordnance which is a subsidiary company of Chemring Group, would help Nammo strengthen its manufacturing capabilities in the United States.
The polymer sub-segment is growing with the fastest CAGR of 6.3% owing to its higher efficiency in the manufacturing with 3D printing techniques and reduction in the overall costing with higher applicability in the sports and hunting purposes.
The regions in the Asia Pacific lead by China, India, Pakistan, and South North Korea are allotting a considerable budget for their defense law enforcement grooming purposes. Besides, growing incidences of interpersonal stand-offs, asymmetric warfare, terrorist activities, domestic violence, along with higher economic development and enhancement in the manufacturing industry, deliberately help propel market enforcement.
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Ammunition Market Segmentation:
Emergen Research has segmented into the global Ammunition Market on the basis of Type, End Users, Caliber, Technology, Lethality, Component, Materials Used, and Region:
Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
End Users Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Caliber Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
.338 Lapua Magnum
.338 Norma Magnum
Technology Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Lethality Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Component Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Projectiles and Warheads
Materials Used Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
In conclusion, the report provides a qualitative and quantitative analysis of the Global Ammunition market, including the global and regional analysis of the market. The study covers critical information and factual data about the Ammunition industry, along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. On the basis of the current market scope, the report provides an extensive analysis of how the Ammunition market is expected to fare in the forecast timeline. The report utilizes Ammunition analytical tools to offer an estimation of the outlook of the global state of the Ammunition market industry.
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