According to a new
market report published by Transparency Market Research “Ammunition
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2015 - 2021,” global ammunition market was valued at
US$11.48 bn in 2014, growing at a CAGR of 3.7% from 2015 to 2021 to
account for US$14.87 bn in 2021.
Browse the full
Ammunition Market report at:
The growing
competition among nations to equip armed troops with advanced
weaponry in order to secure the country’s economy and citizen’s
lives is the major driver for the global ammunition market.
Increasing concerns to combat various unfavourable geopolitical
disputes and threats from terrorist organizations are further
boosting the market for ammunition across the world. Continuous
development of technologically enhanced weaponry is simultaneously
improving the demand scenario for ammunition market globally.
In terms of
segmentation by types, the full metal jacketed (FMJ) ammunition
segment held the highest revenue share accounting for nearly fifty
percent of the overall market in 2014. With the increasing access of
technology to hostile nations and terrorist organizations, the
requirements for tracer, incendiary and armor piercing ammunition are
also escalating at substantial rates globally. In terms of caliber,
the market is further segmented into small caliber ammunition, medium
caliber ammunition, mortar ammunition, artillery ammunition and
shotgun shells. The artillery ammunition segment is estimated to
register the second fastest CAGR during the forecast period from 2015
to 2021. The shotgun shells segment is currently growing at a slower
pace as compared to other ammunition types. However, this segment is
expected to gain pace over the forecast period owing to the
increasing applications in law enforcement and commercial sectors.
Geographically,
Europe is estimated to be leading the global ammunition market with
market revenue share more than thirty five percent in 2014 and is
expected to continue its dominance throughout the forecast period.
Growing interest for modernization of armed troops and increasing
adoption of technologically enhanced ammunition are the major factors
driving the growth of the ammunition market in Europe. Russia is
estimated to be dominating the Europe ammunition market and is one of
the major exporters of ammunition to various nations in the Asia
Pacific and Rest of the World.
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Release of Ammunition Market at:
Moreover, the
initiatives undertaken by the various governments and military
organizations across the world, to minimize threats from terrorist
organizations are contributing to the growth of ammunition market. In
terms of country, the U.S. is currently estimated to be the largest
market for ammunition in the world and is expected to continue
holding the position throughout the forecast period. Asia Pacific
presently accounts to be the fastest growing region in the global
ammunition market with a CAGR of 4.0% from 2015 to 2021. China and
India are the leading markets for ammunition in the Asia Pacific.
Rest of the World, especially countries in the Middle East is
investing heavily in the development and procurement of advanced
ammunition to sustain economic and political security. The report
includes the market revenues of 18 major countries in the ammunition
market.
The report provides
company market share analysis of the various industry participants
and a brief snapshot of the leading ammunition manufacturers. Key
players have also been profiled on the basis of company overview,
financial overview, business strategies, historical roadmap and
recent developments in the field of ammunition. Major market
participants profiled in this report include General Dynamics
Corporation, Hornady Manufacturing Company, Inc., Fiocchi Munizioni
S.p.A., Orbital ATK, Inc., Prvi Partizan A.D., RUAG Holding A.G.,
Nexter Group, Nammo A.S., Rheinmetall Defence and Companhia
Brasileira de Cartuchos among others.
Global Ammunition
Market, 2015 – 2021: By Type
Full Metal
Jacketed (FMJ) Ammunition
Tracer
Ammunition
Incendiary
Ammunition
Armor Piercing
Ammunition
Others
Global Ammunition
Market, 2015 – 2021: By Caliber
Small Caliber
Ammunition
Medium Caliber
Ammunition
Mortar
Ammunition
Artillery
Ammunition
Shotgun
Ammunition
Global Ammunition
Market, 2015 – 2021: By Application
Military
Law Enforcement
Commercial
Global Ammunition
Market, 2015 – 2021: By Geography
North America
U.S.
Canada
Mexico
Europe
Russia
U.K.
France
Germany
Italy
Rest of
Europe
Asia Pacific
(APAC)
China
India
Japan
South Korea
Rest of APAC
Rest of the
World (RoW)
Saudi Arabia
UAE
Israel
Turkey
South Africa
Brazil
Rest of RoW
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Sample Research Report of Ammunition Market at:
About Us
Transparency Market
Research (TMR) is a global market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR’s
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our data repository
is continuously updated and revised by a team of research experts, so
that it always reflects the latest trends and information. With a
broad research and analysis capability, Transparency Market Research
employs rigorous primary and secondary research techniques in
developing distinctive data sets and research material for business
reports.
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