The global ammunition market is projected to grow from USD 18.08billion in 2016 to USD 21.98billion by 2021, at a CAGR of 3.98% from 2016 to 2021.
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The North American region led the global ammunition market in 2016.The growth of the North America ammunition market can be attributed to increasing demand for ammunition in sporting and hunting activities in the region. Moreover, law enforcement agencies as well as local and state police departments in the region, are demanding small and medium caliber ammunition in large quantities.
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Among applications, the civil & commercial segment of the global ammunition market is projected to grow at the highest CAGR during the forecast period. The growth of the civil& commercial application segment of the global ammunition market is attributed to use of small caliber ammunition in sporting and hunting activities.
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Shooting sports are growing in popularity across all ages and genders, with increasing number of new firearm and shotgun certificates being granted to enthusiasts. Terror incidences, such as mass shootings in schools and clubs in various countries across the globe have resulted in growing demand for guns for self-defense.
The small caliber ammunition segment is projected to lead the global ammunition market during the forecast period, owing to increased procurement of small ammunition by the defense and homeland security sectors to curbrising armed conflicts as well as by civilian population for personal safety. In addition, there is increased usage of small caliber ammunition by civilians and homeland security personnel, owing to their less lethality.
Target Audience of Ammunition Market Report:
- Armed Services
- Government Defense Regulatory Bodies
- Law Enforcement Agencies
- Ministry of Homeland Security
“Ammunition Market” spread across 190 pages, profiling 11 companies and supported with 104 tables and 70 figures is now available at www.rnrmarketresearch.com/contacts…count?rname=64786
Top 11 Companies Analyzed for Ammunition Market Study are – Orbital ATK Inc. (U.S.), Olin Corporation (U.S.), General Dynamics Corporation (U.S.), BAE Systems (U.K.), Remington Arms Company, LLC (U.S.), and Nammo AS (Norway),among others.
Fundamental Key Point from Table of Content:
Precision-Guided Munition (PGM)
Advancements in Ammunition Technologies
End User Requirements in Terms of Ammunition Design
Innovation & Patent Registrations
Ammunition Regulatory Bodies, By Region
Average Selling Price of Ammunition
Global Ammunition Market, By Application
Civil & Commercial
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Global Ammunition Market, By Caliber
Small Caliber Ammunition
Medium Caliber Ammunition
Large Caliber Ammunition
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