Transparency Market Research, a leading market analysis firm, has released a new market study, detailing the global ammunition market. The report studies the global ammunition market’s growth prospects for a forecast period from 2015 to 2021, and presents segment-wise and overall forecasts regarding the market’s standing in 2021.According to the report, titled ‘Ammunition Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021’, the global ammunition market was valued at close to US$11.5 bn in 2014. Exhibiting a steady CAGR of 3.70% in the aforementioned forecast period, the market is expected to be valued at around US$14.8 bn by 2021. The report is available on the company website for sale.
Browse the full Ammunition Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021 report at https://www.transparencymarketresearch.com/ammunition-market.html
According to the analysis presented in the report, the global ammunition market is exhibiting distinct growth patterns in the developing and the developed world. Regarding the former, the escalating arms race in Asia Pacific is a major driver of the global ammunition market. The growing threat of terrorism has also aided the ammunition market in Asia Pacific, while a combination of geopolitical tensions and threat of terrorism has driven the market in the Middle East. The Russia market for ammunition is also exhibiting promising signs of growth.
Apart from the arms race in the developing world, the increasing efforts of several emerging economies to modernize their armed forces have also helped the global ammunition market. While countries such as the U.S. have traditionally possessed the most advanced weaponry available to man, countries such as China and India are catching up, thus driving the global ammunition market. The report presents detailed data regarding the sales and manufacture of ammunition in major developing countries such as India, China, Saudi Arabia, the UAE, Israel, South Korea, Turkey, etc.
On the other hand, the ammunition market in the First World is hindered by the increasing efforts of several developed countries to make their armed forces streamlined and efficient rather than massive. The U.S., yet again, has led the way in developing smart weapons, being the leader in drone technology and robotic defense systems. Major national ammunition markets such as the U.S., the U.K., Germany, etc. have suffered as a result of this development, but steady demand to counter the threat of terrorism in these countries will keep the ammunition market afloat in developed countries. Growing demand from the ammunition market from law enforcement is also responsible for the steady share of developed economies in the global ammunition market. The report also profiles the national ammunition markets in developed countries such as the U.S., the U.K., Germany, France, Canada, etc.
The report also examines the global ammunition market by type and caliber of ammunition, on the basis of which full metal jacketed ammunition and small caliber ammunition led the global ammunition market, respectively, in 2014.
In terms of the competitive dynamics of the global ammunition market, the report profiles major companies dominating the global market such as General Dynamics Corporation, Nammo A.S., Nexter Group, Hornady Manufacturing Company, Inc., Orbital ATK, Inc., and Rheinmetall Defence.
The global ammunition market is segmented as follows:
Global Ammunition Market, 2015 – 2021: By Type
- Full Metal Jacketed (FMJ) Ammunition
- Tracer Ammunition
- Incendiary Ammunition
- Armor Piercing Ammunition
- Other Ammunition
Global Ammunition Market, 2015 – 2021: By Caliber
- Small Caliber Ammunition
- Medium Caliber Ammunition
- Mortar Ammunition
- Artillery Ammunition
- Shotgun Shells
Global Ammunition Market, 2015 – 2021: By Application
- Law Enforcement
Global Ammunition Market, 2015 – 2021: By Geography
- North America
- Asia Pacific (APAC)
- Rest of the World (RoW)
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