Defense and civil sectors are the two prominent application areas of ammunition market. Defense sector led the application landscape in 2015 and will continue its dominance by occupying more than 50% of the total industry share over the period of 2016 to 2025. Ammunition market size in civil applications will also grow lucratively over the coming timeframe, driven by its high demand in Law enforcement, self-defense, entertainment, and sports activities.
Ammunition Market is expected to surpass USD 11 billion by 2025. Rising threat of global terrorism along with geopolitical feuds among major economies is the primary driver for the ammunition industry. Hunting and recreational activities including sports are other factors which are expected to present growth opportunities over the forecast time period.
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On the basis of product, the ammunition market can be segregated into small, medium, large, artillery and mortar. Growing application of small caliber ammo for law enforcement (civil) and defense purposes is expected to drive the industry growth over the forecast time period. Mortar market is projected to grow at around 3% CAGR due to wide applications in lower firing pressure weapons. Defense sector is expected to retain its dominance throughout the forecast timeline.
Considering the regional landscape, North America ammunition market is slated to exhibit noticeable growth rate over the coming eight years. U.S. will cover more than 90% of the North America regional share by the end of 2025. The growth can be attributed to its increasing requirement for shooting sports and the defense sector.
Asia Pacific ammunition industry accounted for 28% of the global revenue in 2015 and will register a lucrative growth rate over the period of 2016 to 2025, owing to the huge allocation of financial budgets for the defense sector. The rising demand for ammunition in sports and entertainment activities will also favor APAC market growth significantly.
Russia ammunition market will generate considerable revenue over the next few years, as it is a prominent arms producer. In addition, Russia is the main distributor of the defense equipment across the world.
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The players involved in the ammunition market include General Dynamics, Federal Premium Ammunition, CCI, Remington Arms Co., BAE Systems, Nammo AS, Maxam, Poongsan Corp., Olin Corp., Hornady, Nexter Munitions Magtech, Orbital ATK, Global Ordnance and Denel Pmp. Players adopt mergers & acquisitions, new product development as part of their key strategies. Formulations of treaties such as Arms Trade Treaty (ATT) can provide players with new growth opportunities for regional expansion.
Glimpse of Table of Content (ToC)
Chapter 3 Ammunition Industry Insights
3.1 Industry segmentation
3.2 Industry size growth forecast, 2012 – 2025
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.4. Technology & innovation landscape
3.5. Regulatory landscape
3.6 Defense budget, by country, 2015
3.6.3 Saudi Arabia
3.7 Gun ownership landscape
3.8 Industry impact forces
3.8.1 Growth drivers
22.214.171.124 Rising terrorism
126.96.36.199 Escalating arms race in Asia Pacific, MEA
188.8.131.52 Increasing recreational & leisure activities like hunting and shooting
3.8.2 Industry pitfalls and challenges
184.108.40.206 Stringent government norms
220.127.116.11 Environmental concerns
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 Competitive landscape, 2015
3.11.1 Strategy dashboard
3.12 PESTEL analysis
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