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Ammunition Market Analysis, Development, Revenue, Future Growth and Forecast to 2027

The global ammunition market is set to gain momentum from the increasing usage of 9mm cartridges as compared to the other calibers. It is mainly occurring because of the ongoing technological advancement, as well as its ability to perform in a versatile way. This information is provided by Fortune Business Insights™ in a recent report, titled, “Ammunition Market Size, Share & COVID-19 Impact Analysis; by Application (Military & Homeland Security, and Civil & Commercial) By Caliber (Small, Medium


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Ashwini Bhamare

4 months ago | 4 min read
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The global ammunition market is set to gain momentum
from the increasing usage of 9mm cartridges as compared to the other calibers.
It is mainly occurring because of the ongoing technological advancement, as
well as its ability to perform in a versatile way. This information is provided
by Fortune Business Insights™ in a recent report, titled, “Ammunition
Market Size, Share & COVID-19 Impact Analysis; by Application (Military
& Homeland Security, and Civil & Commercial) By Caliber (Small, Medium,
and Large) By Product (Bullets, Aerial Bombs, Grenades, Mortars, Artillery
Shells, and Others), By Component (Fuses& Primers, Gun Powder, Projectile,
Cases, and Others) By Guidance (Guided, and Non-Guided) By Lethality (Lethal,
and Less-Lethal) and Regional Forecast, 2020-2027.” The report further
mentions that the global market size was USD 25.46 billion in
2019 is projected to reach USD 29.96 billion by 2027,
exhibiting a CAGR of 1.71% during the forecast period from 2020 – To 2027.



 



The emergence of COVID-19 has brought the world to a standstill.
We understand that this health crisis has brought an unprecedented impact on
businesses across industries. However, this too shall pass. Rising support from
governments and several companies can help in the fight against this highly
contagious disease. There are some industries that are struggling and some are
thriving. Overall, almost every sector is anticipated to be impacted by the
pandemic.



We are taking continuous efforts to help your business sustain and
grow during COVID-19 pandemics. Based on our experience and expertise, we will
offer you an impact analysis of coronavirus outbreak across industries to help
you prepare for the future.



Fortune Business Insights™ lists out the names of all the
manufacturers present in the market. They are as follows:




  • BAE Systems (The
    U.K)

  • CBC Global
    Ammunition (Brazil)

  • Denel SOC Ltd
    (South Africa)

  • General Dynamics
    Corporation(The U.S.)

  • Nammo AS
    (Norway)

  • Nexter group
    KNDS (France)

  • Northrop Grumman
    Corporation (The U.S.)

  • Olin Corporation(The
    U.S.)

  • Poongsan
    Corporation (South Korea)

  • RAUG Group
    (Switzerland)

  • Thales
    Group(France)

  • Vista Outdoor,
    Inc. (The U.S.)



Browse In-depth Summary of This Research Insight@  



https://www.fortunebusinessinsights.com/ammunition-market-103481



 



Highlights of This Report:




  • In-depth
    information regarding the growth drivers, trends, and barriers.

  • Insights of the
    top companies operating in the market.

  • Extensive
    analysis of all the segments present in the market, as well as their
    shares.

  • Elaborate
    details about the competitive landscape including investments, novel
    product launches, mergers and acquisitions,agreements, contracts, and
    strategic collaborations.



 



Drivers & Restraints-



Increasing Political Unrest to Accelerate Growth



Ammunitions are majorly utilized in rifles, shotguns, and handguns
with a wide range of calibers. The rising cases of mass shooting, as well as
increasing terrorist activities are further resulting in the need for personal
safety. It is thereby surging the demand for handguns worldwide. Apart from
that, the increasing number of shooting ranges for recreational and sports
activities would augment the ammunition market growth during the forecast period.Besides,
the rising political unrest, increasing fear owing to stringent gun control
norms, and expansion of the shooting range industry would contribute to the
growth of the market.



Many Countries Ban Sales of Ammunition Owing to Covid-19 Pandemic



As per our research, in the U.S., the sales of ammunition and guns
have surged since March 2020. Amongst the consumers, many of them are
first-time gun buyers who fear of the sudden change in social order owing to
the outbreak of the Covid-19 pandemic. Some of the other gun buyers are tensed
about the fact that the U.S. government may implement stringent norms and
regulations regarding the purchase of projectiles because of the spread of
coronavirus infection. However, several other countries have banned the purchase
of ammunition for recreational purposes and sports shooters.



Segment-



Military & Homeland SecuritySegment to Lead Stoked by Military
Modernization Initiatives



In terms of application analysis, the market is bifurcated into
military & homeland security and civil & commercial. Amongst these, the
military & homeland securitysegment held 65%ammunition market share in
2019. It is likely to remain at the forefront in the coming years backed by the
rising demand for munitions from the military forces worldwide owing to
increasing upgradation initiatives, cross border conflicts, and political
unrest in various countries.



 



Regional Analysis-



Increasing R&D Activities to Favor Growth in North America



In terms of geography, North America generated USD 13.76 billion
revenue in 2019 and is set to be the largest market in the near future. This
growth is attributable to the rising adoption of innovative projectile in the
U.S. Army. Besides, the rising government expenditure on research and
development activities would aid growth. Coupled with this, the rising
insecurity amongst the populaces owing to the outbreak of Covid-19 pandemic is
surging the sales of guns in this region. It would also augment growth. In Asia
Pacific, the market is likely to grow significantly fueled by the expansion of
the military forces in countries, such as South Korea, India, and China.
Additionally, an upsurge in the military upgradation program and high defense
expenditure would bolster growth in this region.



Competitive Landscape-



Key Players Aim to Receive New Orders for Strengthening Their
Positions



The prominent companies operating in the market are mainly
engaging in research and development activities to launch new multi-purpose and
lightweight lethal munitions. They are also focusing on bagging new orders from
the government agencies and other regulatory bodies to strengthen their
positions. Below are two of the significant industry developments:




  • September 2017: Black Hills
    Ammunition, a reloading supplymanufacturing company based in South Dakota,
    received a contract worth USD 50 million from the U.S. Army to deliver its
    ammunition to the latter. The contract includes the delivery of 5.56mm
    long-range projectile for the U.S. combat forces.

  • April 2015: Orbital ATK, a
    provider of affordable precision weapons, military, and satellite
    components, headquartered in Virginia, bagged international and domestic
    contracts for target and tactical practice large- and medium-caliber
    projectile worth USD 120 million. The medium calibers include a wide range
    of products for LW30mm, 30mm, 25mm, and 20mmprojectiles for usage in sea,
    land, and air platform







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