Ammunition Market Size Worth $28.81 Billion by 2027-Emergen Research


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The growing emphasis on self-defense and the huge increase in investment in arms and ammunition for defense and law enforcement agencies are the main factors

Rising emphasis on self-defense and surging investment in weapons and ammunition for defense and law enforcement agencies are the major factors influencing the growth of the market.

— Emerging research

VANCOUVER, BRITISH COLUMBIA, CANADA, September 15, 2022 /EINPresswire.com/ — Rising emphasis on self-defense and surging investment in weapons and ammunition for defense and law enforcement agencies are the major factors influencing the growth of the market.

The Global Ammunition market is expected to be worth $28.81 billion by 2027, according to current analysis by Emergen Research. Major factors influencing the growth of the market include growing adoption of self-defense ammunition, increase in domestic violence and terrorist activities, rising interest in bird hunting, usage of ammunition in sports and the availability of cost-effective weapons with ammunition, to name a few.

In addition, the considerable increase in cross-border conflict, the expansion of the number of armed law enforcement troops and new operational force battalions, as well as asymmetric warfare and border conflicts between countries are some of the additional reasons for the remarkable growth of the market. Furthermore, reduction in manufacturing cost of guns due to 3D printing mechanisms, growing demand for smart guns, and increasing use of polymers in the arms industry are some of the subordinate factors propelling the market which create a huge breakthrough in the growth of the market.

The global ammunition market landscape is expected to remain in a highly competitive and highly fragmented landscape comprised of a number of small start-ups, mid-sized companies, and large conglomerates. During the projected era, the increasing demand for technological developments and greater diversification of the products offered guarantee the huge potential of innovative players.

The latest report contains a detailed examination of the Ammunition market and the global economic landscape ravaged by the ongoing COVID-19 pandemic. The pandemic has significantly affected the lives of millions of people. In addition, it has disrupted the global economy, which has had a negative impact on the commercial sphere of ammunition. Thus, the report encompasses severe effects of coronavirus pandemic on Ammunition market and its key segments.

Market Size – USD 19.65 billion in 2019, Market Growth – CAGR of 4.8%, Market Trends – Increased demand for smart weapons and their ammunition

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Ammunition Market Competitive Outlook:

The latest research report offers key insights into the strengths and weaknesses of key players using SWOT and Porter’s Five Forces analysis. Market segmentation based on product type, application spectrum and key regions has been included in the report. The investigative study accurately estimates the market size, market share, and revenue generation over the forecast period. Key Players profiled in the report are Smith & Wesson Holding Corp., Freedom Group, Orbital ATK, Sturm, Ruger, & Co., Inc., American Outdoor Brand Corporation, Thales Group, Lockheed Martin, General Dynamics Corporation, Beretta SpA, and Raytheon Company, among others.

Ammunition market segmentation:

Emergen Research has segmented the global ammunition market based on type, end users, caliber, technology, lethality, components, materials used, and region:

Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Balls

Aerial bombs

pomegranates

Artillery shells

Mortars

Launchers

Others

Total

End User Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Military

Law enforcement

Hunt

Sports

self defense

Caliber Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Little

9mm

56mm

62mm

7mm

.338 Lapua Magnum

.338 Norma Magnum

5mm

Others

Medium

20mm

25mm

30mm

40mm

Others

High

60mm

81mm

120m

155mm

Others

Technology Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

Guide

Unguided

Lethality Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Deadly

Less lethal

Components Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Rockets & Primers

thrusters

Pedestals

Projectiles and warheads

Others

Materials Used Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Steel

Aluminum

Polymer

Others

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Some highlights of the report
In November 2019, Nammo stated that an acquisition of Chemring Ordnance, a subsidiary of Chemring Group, would help Nammo strengthen its manufacturing capabilities in the United States.

The polymers sub-segment is growing with the fastest CAGR of 6.3% due to its higher efficiency in manufacturing with 3D printing techniques and reduction in overall costs with higher applicability in sports and hunting.

The Asia-Pacific regions led by China, India, Pakistan, and South and North Korea allocate a considerable budget for their defense and policing purposes. In addition, the increasing incidence of interpersonal clashes, asymmetrical wars, terrorist activities, domestic violence, as well as higher economic development and improvement in manufacturing industry, deliberately contribute to propel the application of the market.

Key points covered in the report:

A detailed outlook of the market with essential data beneficial for business

Market segmentation based on product types, applications and end users. For better understanding, the key segments are further divided into sub-segments

Growth factors, driving and restraining factors, product trends and technological advancements are extensively discussed

Latest product developments, incorporation of new techniques and profiles of key competitors

Regional segmentation

North America (USA, Canada)

Europe (UK, Italy, Germany, France, Rest of EU)

Asia-Pacific (India, Japan, China, South Korea, Australia, rest of APAC)

Latin America (Chile, Brazil, Argentina, Rest of Latin America)

Middle East and Africa (Saudi Arabia, United Arab Emirates, South Africa, Rest of MEA)

In conclusion, the report provides qualitative and quantitative analysis of the global ammunition market, including global and regional market analysis. The study covers critical information and factual data about the Ammunition industry, along with in-depth statistical analysis of market drivers, limitations, growth prospects, opportunities, and threats. Based on the current scope of the market, the report provides an in-depth analysis of how the ammunition market is expected to perform in the forecast timeline. The report utilizes Ammunition analytical tools to offer an outlook estimate of the global state of the Ammunition Market industry.

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