June 19, 2021

Ammunition Market 2021: Global Industry Growth, Share, Segment Analysis, Current Trends and Industry Overview Report Forecast to 2024

Ammunition

Ammunition Market” report helps to gain a deeper insight of the market overall landscape with qualitative and quantitative aspects of various industry factors like growth, size and share. The report consists of an extensive primary research associated with rapidly changing dynamics and current scenario of Ammunition industry with latest developments. Ammunition market also shows information of Product awareness, adept workforce, technological advancements, raw material affluence, favorable environment.

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Scope of the Report:

The market study includes the procurement of small caliber, medium caliber, large caliber, and mortar and artillery ammunition for civilian and military purposes. The military segment includes procurements by the military (army, navy, and air force), homeland security, local law enforcement agencies, border security forces, and special forces.

Major Key Players:

  • Winchester Ammunition (Olin Corporation)
  • RUAG Group
  • Vista Outdoor
  • Northrop Grumman Corporation
  • Global Ordnance
  • CBC
  • Mesko
  • Nammo AS
  • BAE Systems PLC
  • Rheinmetall AG
  • Nexter Group
  • General Dynamics Corporation

    Market Overview:

  • The ammunition market (henceforth, referred to as the market studied) is anticipated to register a CAGR of above 3% during the forecast period.
  • – Over the past few years, there have been several terrorist attacks across the world, thereby leading to increased safety concerns among people. The threat of terrorism is forcing the armed forces to procure arms and ammunition to improve safety. This is generating the demand for ammunition market.
  • – The uncertainties in territorial rights between many countries are also fueling the growth of the ammunition market.
  • – The increase in military spending, along with an increase in procurement of advanced land, sea, and air vehicles, and development of advanced weapons systems are expected to open future opportunities for the ammunition market.

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    Our Research Report Includes:

    • Ammunition Market size & share analysis
    • Top market players along with sales, revenue, and business strategies analysis
    • Ammunition Market growth drivers and restraints
    • Market opportunities & challenges
    • Research methodology and impact of Covid-19 on Industry

    Key Market Trends:

    Military Segment Accounts for a Major Market Share in 2018

    The military segment currently dominates the market studied, and it is expected to continue its domination, in terms of market share, over the forecast period. This is due to the increase in procurement of ammunition by the armed forces, local enforcement agencies, and border security forces to subdue the threats arising due to terrorism, territorial conflicts, and geopolitical tensions. The use of armaments, like 54 Mk-45 Mod 1/2, 62 Mk-45 Mod 4, Phalanx CIWS, and M242 Bushmaster, among others on destroyers; GAU-22/A 4-barrel rotary cannon, Gryazev-Shipunov GSh-30-1 autocannon, and Mauser BK-27 revolver cannon, among others on aircraft; 12.7 mm MG turret, 40 mm L/70 autocannon, 30 mm automatic Grenade Launcher, and PKT coaxial machine gun, among others on land armored vehicles may require huge inventories of ammunition of different types. Thereby, procurements of such vehicles are expected to generate the demand for the ammunition. Additionally, the investments of countries to manufacture high impact, more lethal, greater accuracy, and low weight ammunition that produces no muzzle flash or traces are propelling the growth of this segment.

    The Middle East & Africa Region is Anticipated to Experience the Highest CAGR During the Forecast Period

    The Middle East & Africa region is anticipated to register the highest growth rate during the forecast period. According to the SIPRI, arms imports by countries in the Middle East increased by 87%, between 2009–2013 and 2014–2018. This increase is mainly due to increased procurements of Saudi Arabia, Egypt, UAE, and Iraq, which received 33%, 15%, 11%, and 11% of arms imports of the region, respectively. Additionally, over the same period, the imports from Kuwait and Israel increased by around 350%, while Egypt, Qatar, and Oman had a growth of about 200%. The market studied in these countries is expected to grow further, owing to the ongoing procurements of new combat aircraft and armored vehicles, which may generate the demand for the respective ammunition used in those vehicles.

    Competitive Landscape:

    Most of the companies present in the market are efficient at the technological front, but require significant support for enhancing their services and expanding their businesses. Thus, mergers and acquisitions offer significant opportunities to gain the attention of a large number of providers across developed regions.

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    Detailed TOC of Ammunition Market Report 2024:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 Porter’s Five Forces Analysis
    4.4.1 Bargaining Power of Buyers/Consumers
    4.4.2 Bargaining Power of Suppliers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Type
    5.1.1 Small Caliber
    5.1.2 Medium Caliber
    5.1.3 Large Caliber
    5.1.4 Mortar and Artillery Ammunition
    5.2 Application
    5.2.1 Non-lethal
    5.2.2 Lethal
    5.3 End User
    5.3.1 Civilian
    5.3.2 Military
    5.4 Geography
    5.4.1 North America
    5.4.1.1 United States
    5.4.1.2 Canada
    5.4.2 Europe
    5.4.2.1 United Kingdom
    5.4.2.2 France
    5.4.2.3 Germany
    5.4.2.4 Rest of Europe
    5.4.3 Asia-Pacific
    5.4.3.1 China
    5.4.3.2 India
    5.4.3.3 Japan
    5.4.3.4 South Korea
    5.4.3.5 Rest of Asia-Pacific
    5.4.4 Latin America
    5.4.4.1 Mexico
    5.4.4.2 Brazil
    5.4.4.3 Rest of Latin America
    5.4.5 Middle East & Africa
    5.4.5.1 Saudi Arabia
    5.4.5.2 United Arab Emirates
    5.4.5.3 Rest of Middle East & Africa

    6 COMPETITIVE LANDSCAPE
    6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
    6.2 Vendor Market Share
    6.3 Strategies Adopted by Leading Players
    6.4 Company Profiles
    6.4.1 Winchester Ammunition (Olin Corporation)
    6.4.2 RUAG Group
    6.4.3 Vista Outdoor
    6.4.4 Northrop Grumman Corporation
    6.4.5 Global Ordnance
    6.4.6 CBC
    6.4.7 Mesko
    6.4.8 Nammo AS
    6.4.9 BAE Systems PLC
    6.4.10 Rheinmetall AG
    6.4.11 Nexter Group
    6.4.12 General Dynamics Corporation*

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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