Business Research Company Global Ammunition Market Report 2022: Market Size, Trends and Forecast to 2026
LONDON, GREATER LONDON, UK, September 12, 2022 /EINPresswire.com/ — According to “Ammunition Global Market Report 2022” published by The Business Research Company, the ammunition market size is expected to grow from $23.75 billion in 2021 to $24.54 billion in 2022 at a growth rate annual compound (CAGR) of 3.35%. The global ammunition market size is expected to reach USD 27.77 billion in 2026 at a compound annual growth rate (CAGR) of 3.14%. Rising personal safety concerns and increasing firing ranges are propelling the growth of the ammunition market.
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The ammunition market includes ammunition sales by entities (organizations, independent traders, and partnerships) that refer to materials such as bullets, rockets, bombs, shrapnel, or shells that are fired, dispersed , dropped or exploded from any weapon. Ammunition comes in a range of types and sizes that are often designed to work only with specific weapon systems. Ammunition is a throwable weapon along with the components of other weapons that produce the effect on a target.
Global Ammunition Market Trends
R&D activity to develop advanced ammunition is a key ammunition market trend. Key players and relevant stakeholders are increasingly focusing on research and development activities to advance ammunition. The increasing incidence of international armed conflicts has prompted several countries to strengthen their military forces by purchasing advanced ammunition and equipment. As a result, defense expenditures for ammunition procurement and R&D activities have increased significantly around the world in recent years.
Segments of the global ammunition market
By product: bullets, aerial bombs, grenades, artillery shells, mortars
By caliber: Small, Medium, Large, Others
By guiding mechanism: unguided, guided
By application: defense, less lethal
By Geography: The global ammunition market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Of these regions, North America accounts for the largest share.
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The Global Ammunition Market Report 2022 is part of a series of new reports from The Business Research Company that provides ammunition market overview, ammunition industry analysis and forecasts on the size and growth of the ammunition market. market, the global ammunition market share, the global ammunition market segments and geographies, the global ammunition market players, revenue, profiles and market shares of the main competitors in the global ammunition market. The Ammunition Market report identifies key countries and segments for opportunities and strategies based on market trends and key competitor approaches.
The Global TBRC Ammunition Market Report 2022 includes information on the following:
Data segmentation: market size, global, by region and country, historical and forecast, and growth rate for 60 geographies
Major Market Players: Northrop Grumman Corporation, General Dynamics Corporation, CBC Global Ammunition, Olin Corporation, Ruag Ammotec, BAE Systems, Thales Group, Rheinmetall AG, Nexter KNDS Group, Elbit Systems, Nammo AS, Ammo Inc, Indian Ordnance Factories, Saab AB, Hanwha Corporation and Arsenal JSCo.
Regions: Asia-Pacific, China, Western Europe, Eastern Europe, North America, United States, South America, Middle East and Africa.
Country: Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
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