(MENAFN - iCrowdNewsWire) Arms Ammunition Market Business Growth Demand, Strategies, Overview, Competitive Strategies and Forecasts 2020 – 2027
iCrowdNewswire Jan 18, 2021 4:36 PM ET
Market Size USD 24.30 billion in 2019, Market Growth - CAGR of 4.8%, Market Trends Higher demand for the smart guns & its Arms & Ammunition
This report on the global Arms Ammunition market gives a thorough study that is primarily focused on top players and their business stratagem, geographical extent, market segments, competitive landscape, manufacturing, and pricing and cost structures. Each section of the research study is explicitly prepared to explore crucial fragments of the global Arms Ammunition market.
For instance, the market dynamics section in the report gives an in-depth analysis of the drivers, restraints, trends, and opportunities in the global Arms Ammunition market. With both qualitative and quantitative analysis, we provide you with thorough and comprehensive information on the global Arms Ammunition market. The study also entails SWOT, PESTLE, and Porter's Five Forces analyses of the global Arms Ammunition market.
Besides, extensive rise in the cross-border conflict, broadening the number of armed law enforcement troops & new taskforce battalions, and asymmetric warfare & intercountry border conflicts are some of the additional reasons behind the remarkable growth of the market. Also, reduced manufacturing costs of the guns with the help of 3D printing mechanisms, growing demand for the smart guns, and increasing usage of the polymer in the arms industry are some of the subordinate market propelling factors that create a huge breakthrough in the market growth.
The global market landscape of Arms & Ammunition is expected to remain in a very competitive and highly fragmented landscape consisting of a number of both the small start-ups, medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in offered products ensure the enormous potential for the innovative players.
Regional Scope- North America; Europe; Asia Pacific; Central & South America; MEA
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Further key findings from the report suggest
In November 2019, Nammo declared an acquisition of the Chemring Ordnance which is a subsidiary company of Chemring Group, would help Nammo strengthen its manufacturing capabilities in the United States.
The polymer sub-segment is growing with the fastest CAGR of 6.3% owing to its higher efficiency in the manufacturing with 3D printing techniques and reduction in the overall costing with higher applicability in the sports and hunting purposes.
The regions in the Asia Pacific lead by China, India, Pakistan, and South & North Korea are allotting a considerable budget for their defense & law enforcement grooming purposes. Besides, growing incidences of interpersonal stand-offs, asymmetric warfare, terrorist activities, domestic violence, along with higher economic development and enhancement in the manufacturing industry, deliberately help propel market enforcement.
Key players in the market Smith & Wesson Holding Corp., Freedom Group, Orbital ATK, Sturm, Ruger, & Co., Inc., American Outdoor Brand Corporation, Thales Group, Lockheed Martin, General Dynamics Corporation, Beretta S.p.A., and Raytheon Company, among others.
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Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
End Users Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Caliber Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
.338 Lapua Magnum
.338 Norma Magnum
Technology Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Lethality Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Component Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Fuzes & Primers
Projectiles and Warheads
Materials Used Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
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