Ammunition Market
Ammunition Market (Type - Full Metal Jacket (FMJ) Ammunition, Tracer Ammunition, Incendiary Ammunition, Armor Piercing Ammunition, Other Ammunition; Ammunition - Small Ammunition, Medium Ammunition, Mortar Ammunition, Artillery Ammunition, Shotgun Shells; Application - Commercial, Military, Law Enforcement) - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 - 2026
- Category : Defense
- Format :
Press Release :
Ammunition Market – Snapshot
According to a new market report on the ammunition market, published by Transparency Market Research, the global ammunition market is expected to reach US$ 16,468.2 Mn by 2026, expanding at a CAGR of 3.5% from 2018 to 2026. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at a CAGR of 5.0% through 2026.
Growth in global sales of weapons is driving the global ammunition market
The demand for ammunition is directly dependent on the rise in security concerns, growing weapon sales, and increasing modernization programs. The increased defense expenditure is likely to boost the demand for ammunition which is needed for various weapons and other military systems, thereby driving the growth of the ammunition market.
Ammunition Market: Scope of the Report
The global ammunition market is broadly segmented by type, caliber, and application. By type, the full metal jacket (FMJ) ammunition segment is consistently expected to garner the highest market share between 2018 and 2026. The growing demand for full metal jacket (FMJ) ammunition for military applications is the major reason for its dominance throughout the forecast period. Full metal jacket provides various advantages such as high accuracy, high-volume shooting, and reduced depositing of metal due to jacket over the core. It is also cheaper and more resistant to damage, thereby escalating its demand in various industries. Additionally, tracer ammunition segment is expected to expand at a significant CAGR of 3.6% because of increasing military applications as they are visible to the naked eye during daylight, and are very bright during night time firing. By caliber, small caliber ammunition represented the highest share in 2017 and is further expected to lead the global ammunition market during the forecast period due to the growing demand for combat and premium projectiles. Small caliber ammunition segment is expected to comprise 35.3% of the overall ammunition market in 2026. By application, the military segment represented highest market share in 2017. Increasing military activities and changing role of modern military troops is increasing the demand for various ammunitions for specific applications. Furthermore, increased defense expenditure in order to reinforce the military strength, modernize the armed forces, and firmly safeguard national sovereignty, security, and development interests is further responsible for its significant share amongst all applications.
North America dominated the ammunition market in 2017 with the U.S. contributing majority share of revenue. The dominance of the market in the region is attributed to presence of large number of market players. The market in Europe is anticipated to grow considerably throughout the forecast period due to the growing demand for ammunition from Russia. Russia is rapidly investing in the ammunition market because of significant terrorist activities. The market in Asia Pacific is projected to expand at the highest CAGR during the forecast period due to the increasing military spending and growing demand for ammunition from countries such as China, India, and Pakistan. China accumulated the highest market share in 2017 due to increasing investments in development and procurement of arms. The ammunition market in China is expected to expand at the highest share of 5.4% during the forecast period. Apart from China, countries such as India, South Korea, and Japan are also expected to contribute significantly to the Asia Pacific ammunition market.
Global Ammunition Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global ammunition market. Market players have been profiled in terms of attributes such as company overview, financial overview, business strategies, and recent developments. Key players in the ammunition market are Companhia Brasileira de Cartuchos, BAE Systems, Fiocchi Munizioni, General Dynamics Corporation, Hornady Manufacturing Company, Inc., Nammo A.S., Nexter Group, Orbital ATK, Inc., Prvi Partizan A.D., Rheinmetall AG, and RUAG Group, among others. Companies are focusing on expanding their business through strategic acquisitions and partnerships with another players.
Ammunition Market: Overview
This comprehensive report by Transparency Market Research analyzes and forecasts the ammunition market at the global and regional level. The report provides analysis over the period 2016–2026, wherein 2018 to 2026 is the forecast period and the base year is 2017. An in-depth and unbiased market assessment has been made to offer readers in-depth and accurate analysis. The report emphasizes on all the major trends and services playing a key role in the growth of the ammunition market during 2018 - 2026. It also focuses on market drivers, restraining factors, and opportunities of the ammunition market during the said period. The study provides a complete perspective about the ammunition market’s growth throughout the research study in terms of value (in US$ Mn) across various geographies, including Asia Pacific, South America, North America, Middle East & Africa, and Europe.
The report includes a detailed value chain analysis, which is focused to providing an extensive view of the global ammunition market. The Porter’s Five Forces analysis is also provided to understand the competitive scenario in the global ammunition market. The study incorporates market attractiveness analysis, wherein the market segments for type, ammunition, and application are benchmarked based on their market size, growth rate, and attractiveness in terms of opportunity. In order to give a complete analysis of the overall competitive scenario in the ammunition market, every geographic region mentioned in the report is provided with attractiveness analysis.
A market overview chapter in the ammunition market report explains the market trends and dynamics that include the market drivers, restraining factors, and opportunities of the current and future ammunition market. A market outlook analysis has also been provided globally in the report. Additionally, the report provides analysis of different business strategies being adopted by market leaders of the ammunition market. The market introduction chapter assists in gaining an idea of different trends and services related to the ammunition market along with their types and applications.
Global Ammunition Market: Scope of the Report
The study provides a decisive view on the global ammunition market, by segmenting the market on the basis of type into full metal jacket (FMJ) ammunition, tracer ammunition, incendiary ammunition, armor piercing ammunition, and other ammunition. By ammunition, the market has been classified into small ammunition, medium ammunition, mortar ammunition, artillery ammunition, and shotgun shells. By application, the market has been classified into commercial, military, and law enforcement. The report provides a detailed breakdown of the ammunition market region-wise and categorizes it at various levels, thus providing valuable insights at micro and macro levels.
The report further highlights the competitive scenario within the ammunition market, thus ranking all the major players according to the key recent developments and their geographic presence. The insights for the ammunition market are the result of our extensive primary interviews, secondary research, and in-house expert panel reviews. These market estimates have been analyzed by considering the impact of different economic, political, social, legal, and technological factors.
On the basis of country, the North America market is bifurcated into the U.S., Canada, and Rest of North America. Furthermore, the Europe market is analyzed across the U.K., Germany, France, and Rest of Europe. The APAC ammunition market is also segmented at country level which includes China, India, Japan, and Rest of Asia Pacific. Middle East & Africa region covers the GCC, South Africa, and Rest of Middle East & Africa. Similarly, South America region includes Brazil and Rest of South America. This report provides all the strategic information required to understand the ammunition market along with its type and application. Also, the report provides insights related to the components and different applications according to the various geographical regions mentioned above.
Global Ammunition Market: Research Methodology
The research methodology is a perfect combination of primary research, secondary research and expert panel reviews. Secondary sources such as annual reports, company websites, SEC filings and investor presentations, national government documents, internal and external proprietary databases, statistical databases, relevant patent and regulatory databases, market reports, government publications, statistical databases, etc. are referred.
Primary research involves telephonic interviews, e-mail interactions, and face-to-face interviews for detailed and unbiased reviews of the ammunition market, across geographies. Primary interviews are usually conducted on an ongoing basis with industry experts and participants in order to get latest market insights and validate the existing data and analysis. Primary interviews offer new and fresh information on important factors such as market trends, market size, competitive landscape, growth trends, etc. These factors help to validate and strengthen secondary research findings. Moreover, the data collected and analyzed from secondary and primary research is again discussed and examined by our expert panel.
Global Ammunition Market: Competitive Dynamics
The research study includes profiles of leading companies operating in the global ammunition market. Market players have been profiled in terms of attributes such as company overview, financial overview, SWOT analysis, business strategies, and recent developments. Key players in the ammunition market are Companhia Brasileira de Cartuchos, BAE Systems, Fiocchi Munizioni, General Dynamics Corporation, Hornady Manufacturing Company, Inc., Nammo A.S., Nexter Group, Orbital ATK, Inc., Prvi Partizan A.D., Rheinmetall AG, and RUAG Group, among others. Companies are focusing on expanding their business through strategic acquisitions and partnerships with other players.
The global ammunition market has been segmented as follows:
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