(MENAFN- iCrowdNewsWire) Ammunition Market Business Strategy, Overview, Competitive Strategies and Forecasts 2020 - 2027
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iCrowdNewswire Jan 18, 2021 4:36 PM ET
The global Ammunition Market size was valued at USD 19.65 billion in 2019 and is anticipated to reach USD 28.81 billion by 2027 at a CAGR of 4.8%. The ammunition or ammo market is extensively being driven by the factors involving the increasing domestic violence, terrorist activities, cross-border conflict, rising emphasis on self-defense, increasing political conflicts, broadening the number of armed law enforcement troops & new taskforce battalions, and availability of the cost effective weapons with ammunition.
To help gain the business owner further gain business intelligence the study on the Ammunition market for the forecast period 2020 - 2027 brings to light data on production capability, consumption capacity, spending power, investment feasibility, and technology innovation. A thorough assessment of market performance across different regions is presented through self-explanatory graphic images, charts, and tables that add weight to corporate presentations and marketing materials. The study offers regional profiles of major vendors and extensive country-level break down to empower companies to make a wise investment decision when exploring new regions.
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)
Bullets
Aerial Bombs
Grenades
Artillery Shells
Mortars
Launchers
Others
Total
End Users Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Military
Law Enforcement
Hunting
Sports
Self-defense
Caliber Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Small
9mm
56mm
62mm
7mm
.338 Lapua Magnum
.338 Norma Magnum
5mm
Others
Medium
20mm
25mm
30mm
40mm
Others
High
60mm
81mm
120m
155mm
Others
Technology Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Guided
Unguided
Lethality Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Lethal
Less-lethal
Component Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Fuzes & Primers
Propellants
Bases
Projectiles and Warheads
Others
Materials Used Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Steel
Aluminum
Polymer
Others
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