Procuring and developing enhanced weaponry and ammunition has become
highly competitive these days. Considered as a way to ensure the
security of a nation from foreign forces, arms and ammunition
currently form a big part of any country’s annual spending. Rising
concerns in the form of unfavorable geopolitical disputes and threats
from terrorists are also significantly leading to the increased
demand for a variety of weapons and ammunition on the global front.
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.
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.
Ammunitions a Material for War: http://bit.ly/1TcyHAV
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.
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