Ammunition Market Outlook: worth 21.98 Billion USD by 2021

The report "Ammunition Market by Caliber (Small, Medium, Large, Artillery, Mortar), Application (Defense, Civil & Commercial), Type (Cartridge-Based, Non-Cartridge Based), Cartridge Type (Rimfire, Centerfire) - Global Forecast to 2021", 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. The base year considered for the study is 2015, and the forecast period is from 2016 to 2021.

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Factors such geopolitical tensions, territorial conflicts, and political unrest in various countries across the globe are expected to drive the growth of the global ammunition market during the forecast period.

The Middle East ammunition market is projected to grow at the highest CAGR during the forecast period, 2016 to 2021. There has been a significant increase in military expenditures in the Middle East region in the recent years. As a result, industries related to military products have been witnessing significant growth in the region. Over the past decades, production of arms has also increased in the Middle East region, thereby becoming a major business for the key countries of the region.

Key players in the global ammunition market 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.

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Objectives of the Study:

The report analyzes the global ammunition market on the basis of application (defense and civil & commercial), caliber (small caliber ammunition, medium caliber ammunition, large caliber ammunition, artillery ammunition, and mortar ammunition), type (cartridge-based and non-cartridge based), and cartridge type (rimfire and centerfire). These segments and subsegments are mapped across major regions, namely, North America, Europe, Asia-Pacific, the Middle East, and rest of the world.

The report provides an in-depth market intelligence regarding market dynamics and major factors, such as drivers, restraints, opportunities, and industry-specific challenges influencing the growth of the global ammunition market, along with an analysis of micromarkets with respect to individual growth trends, future prospects, and their contribution to the overall market. The report also covers competitive developments, such as long-term contracts, new product launches, agreements, and research & development activities taking place in the global ammunition market.

Research Methodology:

The market size estimation for various segments and subsegments of the global ammunition market was done by referring to different secondary sources, such as OMICS International, ACI, and International Air Transport Association websites and market outlook; corroboration with primaries; and market triangulation undertaken with the help of statistical techniques using econometric tools. All percentage shares, splits, and breakdowns were determined using secondary sources and verified through primary sources. All possible parameters that affect the market were accounted for, viewed in extensive detail, verified through primary research, and analyzed to acquire final quantitative and qualitative data.

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