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:
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Markets and Markets
UNIT no 802, Tower no. 7, SEZ
Magarpatta city, Hadapsar
Pune, Maharashtra 411013, India
1-888-600-6441
Email: sales@marketsandmarkets.com
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