The global ammunition market size is expected to reach USD 27.64 billion by 2027, according to a new report by Radiant Insights, Inc. It is projected to exhibit a CAGR of 3.9% during the forecast period. Rising demand for defense equipment in militaries owing to increasing geopolitical tension across the globe is expected to drive the demand for ammunition.
The Indian Army is planning to increase the number of artillery and mortar platforms over the next ten years through indigenous development programs and foreign procurement thereby contributing to the demand for ammunition over the forecast period. In addition, rising hostilities in Middle East nations are expected to supplement the regional demand.
Advancements in ammunition technologies, such as the replacement of brass-case bullets using polymer-case bullets are projected to offer notable growth opportunities to the market. The use of polymer material is projected to reduce the weight of ammunition by 40%, while maintaining its impact, thereby making it lighter and consistent as compared to conventional bullets.
Rising warlike situations supplemented by heightening geopolitical pressures across the globe is leading to an exponential rise in stockpiling trends in the global ammunition market. This strategy is expected to offer notable cost savings, since the ammunition can be purchased in high volume at cheap prices, thereby posing positive growth trends for the market.
Download Free Sample Report @ https://www.radiantinsights.com/research/ammunition-market/request-sample
Further key findings from the report suggest:
• Small caliber ammunition emerged as the largest segment in 2019 and is expected to generate revenue over USD 14.51 billion by 2027; majorly due to wide range of applications including assault rifles, handguns, and pistons
• Centerfire ammunition accounted for a revenue share of USD 6.82 billion in 2019 and is projected to witness rapid growth over the next eight years; since it is defined as a universal standard in most of the defense forces across the globe
• In the application segment, the defense segment emerged as the largest segment in 2019, accounting for approximately 88.5% revenue share in 2019, majorly due to rising ammunition procurement by homeland security forces
• The Asia Pacific ammunition market is expected to record an exponential CAGR of 4.8% over the coming years, primarily due to the upgrading of defense forces across countries such as China, India, Australia and Singapore
• The U.S. market for ammunition was valued at USD 6.42 billion in 2019 and is expected to grow substantially during the forecast period, mainly due to rising defense expenditure in the economy coupled with intensive training activities conducted by the country’s defense forces
Browse Full Research Report with TOC @
https://www.radiantinsights.com/research/ammunition-market
Table of Contents
Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Assumptions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Radiant Insights, Inc. Internal Database
1.3.3 Secondary Sources
1.3.4 Third Party Perspective
1.3.5 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 Ammunition Market Variables, Trends & Scope
3.1 Penetration & Growth Prospect Mapping
3.2 Ammunition Market- Value Chain Analysis
3.2.1 Outsourcing & Contract ManuFacturing Trends
3.2.2 Sales Channel Analysis
3.2.3 List of End-Users
3.2.4 Vendor Selection Criteria Analysis
3.3 Technology Overview
3.4 Regulatory Framework
3.4.1 Regulations on Lead Ammunition
3.5 Ammunition - Market Dynamics
3.5.1 Market Driver Analysis
3.5.1.1 Rising Global military expenditure
3.5.1.2 Rising Terrorism and Political Violence
3.5.2 Market Restraint analysis
3.5.2.1 Rising Arms Trafficking
3.5.3 Industry Challenges
3.5.3.1 Challenge of Arms & Ammunition Market Proliferation
3.5.4 Growth Opportunity Assessment
3.5.4.1 Rise of stockpiling trends
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/materials
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
The Indian Army is planning to increase the number of artillery and mortar platforms over the next ten years through indigenous development programs and foreign procurement thereby contributing to the demand for ammunition over the forecast period. In addition, rising hostilities in Middle East nations are expected to supplement the regional demand.
Advancements in ammunition technologies, such as the replacement of brass-case bullets using polymer-case bullets are projected to offer notable growth opportunities to the market. The use of polymer material is projected to reduce the weight of ammunition by 40%, while maintaining its impact, thereby making it lighter and consistent as compared to conventional bullets.
Rising warlike situations supplemented by heightening geopolitical pressures across the globe is leading to an exponential rise in stockpiling trends in the global ammunition market. This strategy is expected to offer notable cost savings, since the ammunition can be purchased in high volume at cheap prices, thereby posing positive growth trends for the market.
Download Free Sample Report @ https://www.radiantinsights.com/research/ammunition-market/request-sample
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| Ammunition Market |
Further key findings from the report suggest:
• Small caliber ammunition emerged as the largest segment in 2019 and is expected to generate revenue over USD 14.51 billion by 2027; majorly due to wide range of applications including assault rifles, handguns, and pistons
• Centerfire ammunition accounted for a revenue share of USD 6.82 billion in 2019 and is projected to witness rapid growth over the next eight years; since it is defined as a universal standard in most of the defense forces across the globe
• In the application segment, the defense segment emerged as the largest segment in 2019, accounting for approximately 88.5% revenue share in 2019, majorly due to rising ammunition procurement by homeland security forces
• The Asia Pacific ammunition market is expected to record an exponential CAGR of 4.8% over the coming years, primarily due to the upgrading of defense forces across countries such as China, India, Australia and Singapore
• The U.S. market for ammunition was valued at USD 6.42 billion in 2019 and is expected to grow substantially during the forecast period, mainly due to rising defense expenditure in the economy coupled with intensive training activities conducted by the country’s defense forces
Browse Full Research Report with TOC @
https://www.radiantinsights.com/research/ammunition-market
Table of Contents
Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Assumptions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Radiant Insights, Inc. Internal Database
1.3.3 Secondary Sources
1.3.4 Third Party Perspective
1.3.5 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 Ammunition Market Variables, Trends & Scope
3.1 Penetration & Growth Prospect Mapping
3.2 Ammunition Market- Value Chain Analysis
3.2.1 Outsourcing & Contract ManuFacturing Trends
3.2.2 Sales Channel Analysis
3.2.3 List of End-Users
3.2.4 Vendor Selection Criteria Analysis
3.3 Technology Overview
3.4 Regulatory Framework
3.4.1 Regulations on Lead Ammunition
3.5 Ammunition - Market Dynamics
3.5.1 Market Driver Analysis
3.5.1.1 Rising Global military expenditure
3.5.1.2 Rising Terrorism and Political Violence
3.5.2 Market Restraint analysis
3.5.2.1 Rising Arms Trafficking
3.5.3 Industry Challenges
3.5.3.1 Challenge of Arms & Ammunition Market Proliferation
3.5.4 Growth Opportunity Assessment
3.5.4.1 Rise of stockpiling trends
Continued…
Read all Reports of this category @ https://www.radiantinsights.com/catalog/materials
About Radiant Insights
Radiant Insights is a platform for companies looking to meet their market research and business intelligence requirements. It assists and facilitate organizations and individuals procure market research reports, helping them in the decisions making process. The Organization has a comprehensive collection of reports, covering over 40 key industries and a host of micro markets. In addition to over extensive database of reports, experienced research coordinators also offer a host of ancillary services such as, research partnerships/ tie-ups and customized research solutions.
Media Contact:
Company Name: Radiant Insights, Inc
Contact Person: Michelle Thoras
Phone: (415) 349-0054
Toll Free: 1-888-928-9744
Address: 201 Spear Street 1100, Suite 3036,
City: San Francisco; State: California; Country: United States
Email: sales@radiantinsights.com
Website: https://www.radiantinsights.com/
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