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The increasing emphasis on self-defense and extensive rise in investment in arms & ammo for the defense & law enforcement bodies are the major factors
VANCOUVER, BC, CANADA, January 11, 2022 /EINPresswire.com / -- Ammunition Market is forecasted to be worth USD 28.81 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market growth include growing adoption of the ammunition for self-defense, rising domestic violence & terrorist activities, increasing interests in bird-hunting, usage of the ammunition in sports, and availability of the cost effective weapons with ammunition, to name a few.
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 polymer in the arms industry are some of the subordinate market propelling factors that create a huge breakthrough in the market growth.
A Comprehensive data on growing investment pockets evaluated in the report on Ammunition Market are powered and backed by human answers. Comprehensive coverage of aspects such as market potential, size, share, and growth aims at creating an equation for profitability- whether stakeholders, business owners, and field marketing executives need to understand their market foothold and dynamics identify the white spaces or increase their yield.
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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.
The report discusses the current market standing of these companies, their past performances, demand and supply graph, production and consumption patterns, sales network, distribution channels, and growth opportunities in the market at length. The report scrutinizes the strategic approach of key market players towards expanding their product offerings and fortifying their market foothold. The leading market contenders listed in the report are as follows:
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.
Regional Bifurcation of the Ammunition Market Includes:
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The report aims to provide a complete analysis of the global Ammunition Market with important details about the key market players from insightful primary and secondary research data. The report also aims to benefit the user by providing constructive data to gain insight into market growth, size, and investment approaches. Additionally, the report provides an extensive analysis of the Ammunition Market, including key data, such as factors influencing the growth of the market, buyers and vendors, production and consumption, and revenue.
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Key Benefits of Buying the Global Ammunition Market Report:
Comprehensive analysis of the changing competitive landscape
Assists in decision making processes for the businesses along with detailed strategic planning methodologies
The report offers an 8-year forecast and assessment of the Global Ammunition Market
Helps in understanding the key product segments and their estimated growth rate
In-depth analysis of market drivers, restraints, trends, and opportunities
Comprehensive regional analysis of the Global Ammunition Market
Extensive profiling of the key stakeholders of the business sphere
Detailed analysis of the factors influencing the growth of the Global Ammunition Market
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For the purpose of this report, Emergen Research has segmented into the global Ammunition Market on the basis of Type, End Users, Caliber, Technology, Lethality, Component, Materials Used, and Region:
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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