The Ammunition Market report states growing geopolitical tensions across the globe are expected to fuel the growth of the global ammunition market during the forecast period, 2016 to 2021. The Ammunition Market is growing and the experts have predicted the future stats of Ammunition. Ammunition Market report contains the top corporate profiles and strategies with industry analysis and trends.
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The global ammunition market is projected to grow from USD 18.08 billion in 2016 to USD 21.98 billion by 2021, at a CAGR of 3.98% from 2016 to 2021.This growth can be attributed mainly to factors, such as territorial conflicts, military modernization programs being carried out across the globe, and need of ammunition for personal safety and shooting sports. However, formulation and implementation of stringent gun control legislation and the difference in economic, legal, and political regulations pertaining to procurement of ammunition across the globe may restrain the growth of the global ammunition market during the forecast period.
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.
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 complete report of Ammunition Market by Type (PVC, PP, Engg, Plastics, PE, PS, Silicones), Application (Implants, Disposables, Drug Delivery Devices, Syringes, Diagnostic Instruments, Catheters, Surgical Instruments), and Region - Global Forecast to 2022 is now available on www.rnrmarketresearch.com/global-a…rket-report.html
Break of primary participants in Ammunition Market was as mentioned below:
By Company Type: Tier 1- 48%, Tier 2- 39%, and Others- 13%
By Designation: C-level- 48%, Director-level- 31%, and Others- 21%
By Region: North America- 12%, Europe- 27%, Asia Pacific- 37%, South America- 8%, and the Middle East & Africa- 16%
Major players of Ammunition Market Report are:
Major companies profiled in the report include 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.
FAQ’s regarding the Ammunition Market Report are:
What is Market Penetration of Ammunition?
Comprehensive information on the product portfolios of the top players in the Ammunition market
What is Product Development/Innovation of Ammunition?
Detailed insights on the upcoming technologies, R&D activities, and product launches in the Ammunition market
What is Competitive Assessment of Ammunition?
In-depth assessment of the market strategies, geographic and business segments, and product portfolios of the leading players in the Ammunition market
What is Market Development of Ammunition?
Comprehensive information about emerging markets. This report analyzes the market for various Ammunition products across geographies
What is Market Diversification of Ammunition?
Exhaustive information about new products, untapped geographies, recent developments, and investments in the Ammunition market
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The market is segmented on the basis of type, application, and region. This report covers the Ammunition market, in terms of volume and value, and forecasts its market size till 2022.
The report also provides company profiles and competitive strategies adopted by the key players in the Ammunition market. The report offers detailed information on major factors such as drivers, restraints, opportunities, industry-specific challenges, and winning imperatives influencing the growth of the market.
Asia-Pacific is expected to be the fastest-growing market for Ammunition during the forecast period, owing to the increasing demand for medical devices from the aging population. Factors driving the growth of the Ammunition market in Asia-Pacific include Japan’s growing medical industry, increasing aging population, rising cosmetic and plastic surgeries in India, increasing cases of cardiovascular diseases, higher domestic demand, availability of raw materials, and cheap labor.
The market in Asia-Pacific is more dynamic and competitive than other regions. These factors are expected to drive the demand for Ammunition in the region during the forecast period.
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