250 Pages Ammunition Market Survey by Fact MR, A Leading Business and Competitive Intelligence Provider
The global COVID-19 pandemic has turned several industries upside down by causing disruptions in their daily operations and limiting the supply of raw materials, hampering production and growth.
The report offers actionable and valuable market insights of Ammunition. The latest report by Fact.MR provides details on the present scenario of the market across various regions along with the historic data and forecast of the market. The report also includes information on the sales and demand of Ammunition Market across various industries and regions.
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According to Fact.MR, the global ammunition market is slated to touch an impressive valuation of nearly US$ 35 Bn, registering over 5% CAGR during the assessment period. Increased defense expenditure to counter external aggression is majorly driving demand.
The development of lightweight bullets using polymer casings is another driving factor for ammunition manufacturers. Demand for centerfire ammunitions is bound to surge, capturing over 2/3rd revenue as of 2020, being the gold standard for the defense industry.
The market study done by Fact.MR gives exclusive information about how the market will grow. The study identifies crucial trends that are determining the growth of Ammunition market. This newly published report sheds light on vital dynamics, such as the drivers, restraints, and opportunities for key market players as well as emerging players associated with the production and supply. The latest report by Fact.MR provides detailed Market Analysis of Ammunition
This newly published and insightful report sheds light on Market Insights of Ammunition, key dynamics, their impact on the overall value chain from suppliers to end-users and Growth of Ammunition Market.
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Key Segments Covered
- Small Caliber Ammunition
- 5.56 mm
- 7.62 mm
- 7.62 x 51 mm
- 7.62 x 39 mm
- 9 mm
- 9 x 18 mm
- 9 x 19 mm
- Medium Caliber Ammunition
- 23 mm
- 30 mm
- Large Caliber Ammunition
- 122 mm
- Rockets, Missiles and Others
- Tank Ammunition
- Artillery Ammunition
- Small Caliber Ammunition
- Rimfire Ammunition
- Centerfire Ammunition
- Civil & Commercial
- Sports Ammunition
- Hunting Ammunition
- Self Defense
- Defense Ammunition
- Military Ammunition
- Law Enforcement Ammunition
- Civil & Commercial
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Key Takeaways from the Market Study
- Centerfire ammunition to account for the highest demand, yielding 66% of global revenue
- Rockets and missiles segment to remain key caliber category, expanding at a CAGR of 5%
- Defense ammunition to emerge as primary application area, accounting for 50% revenue
- U.S to be most opportunistic market, accounting for over 1/3rd of overall ammunition demand
- East & South Asia to expand at CAGRs exceeding 4% and 5% respectively until 2031
- Germany to propel the demand in Europe, flourishing at a CAGR of 4% until 2031
“Rising uncertainties in the international political arena amid increasing geopolitical and security threats is prompting countries to augment defense spending, generating demand for ammunition on a broader scale,” says the Fact.MR analyst.
Companies leverage strategic collaborative initiatives to increase their market share and profitability. They are also acquiring start-ups working on technologies to strengthen their product capabilities. Prominent players in the ammunition market include General Dynamics Corporation, BAE Systems PLC, Rheinmetall AG, Elbit Systems Ltd, and Nexter Group among others.
These players focus on adopting various strategies to expand product offerings and strengthen geographic presence. With the advancement in technology, new players are expected to enter the market.
For instance, in July 2021, a contract was signed by BAE Systems and the Ministry of Defence (MOD) worth approximately £250m to progress the design and development of Tempest, the UK’s Future Combat Air System (FCAS).
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More Valuable Insights on Ammunition Market
Fact.MR, in its new report, offers an unbiased Market Analysis of Ammunition, Sales and Demand of Ammunition, analyzing forecast statistics through 2019 and beyond. The study reveals growth projections on the basis of various criteria.
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