Published By: Accurize Market Research Copyright © 2019 Accurize Market Research
Global Ammunition Market report published by Accurize Market Research forecast that the global market is expected to reach $27 billion by 2025 from 17 Billion in 2017; growing at a CAGR of 6.1% from 2017 to By geography, the Asia Pacific and North America are expected to grow at a CAGR of 6.8% and 6.1%, respectively, during the forecast period.Ammunition Market Request Sample: market/sample-request Copyright © 2019 Accurize Market Research
Increased government spending on the military to drive the market Increased spending by the government on military ammunition and rising threats from terrorist and cross-border disputes fuel the demand for the global ammunition market. Moreover, the growing popularity of shooting as a sports activity and rising demand for ammunition used for training the various armed forces also boosts the growth of the market. Ask for customization: market/ask-for-customization market/ask-for-customization Copyright © 2019 Accurize Market Research
Market Segmentation The global Ammunition market is segmented based on the type, caliber, application, and geography. By type, it is further segmented into full metal jacketed, tracer, incendiary, armor-piercing and others. Caliber can be segmented into the small caliber, medium caliber, mortar ammunition, artillery ammunition, and shotgun shells. Furthermore, the application is segmented into military, law enforcement and commercial. By geography, the market is segmented into North America, Europe, Asia-Pacific and Rest of the world (RoW). The U.S., Canada, and Mexico are covered under North America wherein Europe covers Russia, the U.K., Germany, France, Italy and the Rest of Europe. Asia-Pacific covers China, India, Japan, South Korea and Rest of Asia Pacific. The rest of the World (RoW) covers South America, the Middle East, and Africa. Copyright © 2019 Accurize Market Research
"Full metal jacketed accounted for the largest market share in the type segment", says Accurize By type, full metal jacketed holds the major share with 47.5%, a common bullet type that is used for target shooting at ranges, shooter and hunter, followed by tracer with 14.7%, in By caliber segment, small caliber and artillery ammunition accounted for 28.3% and 26.3% respectively, in the year By applications, the military holds the half of share in the global ammunition market due to ceasefire violations, terrorist attacks, cross border disputes and among others, followed by law enforcement with a 25.3% share in "Europe dominated the global market with the highest market share over the forecast period", says Accurize The Asia Pacific is the fastest-growing region in the global Ammunition market and is expected to continue this trend due to increasing defense budget, rising presence of terrorism and increased participation in sports activities. Europe accounts for the largest share of the market with 30.78% followed by North America with 30.5%, in the year Copyright © 2019 Accurize Market Research
Top players in the market The key market players include BAE Systems General Dynamics Corporation Nammo AS Maxam Federal Premium Ammunition Olin Corporation Remington Arms Company Inc. RUAG Holding A.G. Orbital ATK Inc. Fiocchi Munizioni S.p.A. Hornady Manufacturing Company Inc. and Remington Arms Company. Copyright © 2019 Accurize Market Research
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