Ammunition Market By Type (Armor Piercing Ammunition, Full Metal Jacket (FMJ) Ammunition, Incendiary Ammunition, Tracer Ammunition and Other Types), Ammunition (Shotgun Shells, Small Ammunition, Artillery Ammunition, Medium Ammunition and Mortar Ammunition) and Application (Law Enforcement, Military and Commercial) - Global Industry Analysis And Forecast To 2025
The Ammunition casually known as ammo is the component dropped, scattered, fired or exploded from any type of weapon. The ammo is both the expendable weapons (such as missiles, bombs, land mines, grenades) and the segment parts of different weapons that make the impact on the target (such as warheads and bullets). Almost all the mechanical weapons need some type of ammo to work. The ammo comes in various types & sizes and are mainly designed for particular weapon system. Therefore, the Ammunition Market is anticipated to expand and has tremendous scope during the forecast period. The global Ammunition Market anticipated to flourish in the future by growing at a significantly higher CAGR.
Drivers & Restrains
The driving factors of the market are; increasing demand due to increasing concerns of security, rising sales of weapons across the globe, increasing expenditure by the governments on military & security sector, increasing development in the technology used in manufacturing, and various other factors. The restraining factor of the market is the strict rules & regulations by the government for holding weapons.
The North American region is leading the global Ammunition Market owing to more number of manufacturers present in this region, increasing expenditure in the military sector, increasing demand for ammunition, etc.
Ammunition Market, By Region
- North America
- Rest of Europe
- South Korea
- Southeast Asia
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of MEA
The major players in the market are profiled in detail in view of qualities, for example, company portfolio, business strategies, financial overview, recent developments, and market share of the overall industry.
- RUAG Group
- Companhia Brasileira de Cartuchos
- Rheinmetall AG
- BAE Systems
- Prvi Partizan A.D.
- Fiocchi Munizioni
- Orbital ATK Inc.
- General Dynamics Corporation
- Hornady Manufacturing Company Inc.
- Nexter Group
- Nammo A.S.
Some of the key questions answered by the report are:
- What was the market size in 2014 and forecast from 2015 to 2025?
- What will be the industry market growth from 2015 to 2025?
- What are the major drivers, restraints, opportunities, challenges, and industry trends and their impact on the market forecast?
- What are the major segments leading the market growth and why?
- Which are the leading players in the market and what are the major strategies adopted by them to sustain the market competition?