Ammunition Market to hit the 11.5-billion-dollar frontier by 2025

U.S Ammunition Market will dominate North America region by accounting for 90% of regional revenue by 2025.

Sellbyville, United States – August 26, 2019 /MarketersMedia/ —

According to Global Market Insights, Ammunition market size is estimated to be over USD 11.5 billion by 2024 growing at a CAGR of over 2.8% during the forecast period. Rising threat of global terrorism along with geopolitical feuds among major economies is the primary driver for the ammunition market. Hunting and recreational activities including sports are other factors which are expected to present growth opportunities over the forecast time period.

Ammunition market in defense applications are forecast to grow at 50% CAGR up to 2025. Industry growth across the segment can be credited to increase in recreational activities, increase in disposable income and growing population. Civil applications include weapons designed for self-defense, hunting & sports and law enforcement.

Get sample copy of this research report @ https://www.gminsights.com/request-sample/detail/261

On the basis of product, the ammunition market can be segregated into small, medium, large, artillery and mortar. Growing application of small caliber ammo for law enforcement (civil) and defense purposes is expected to drive the industry growth over the forecast time period. Mortar market is projected to grow at around 3% CAGR due to wide applications in lower firing pressure weapons. Ammunition market in defense sector is expected to retain its dominance throughout the forecast timeline.

Taking into consideration the products, ammunition industry is segmented into artillery, medium caliber, mortar, large caliber, and small caliber. Mortar ammunition market will exhibit an annual growth rate of around 3.3% over the period of 2016 to 2025, owing to its surging usage in low firing pressure arms. Small caliber ammo is predicted to record notable growth rate over the coming eight years. The product demand can be attributed to its high demand across civil and military applications, owing to its ease of application and easy availability.

Based on the caliber, ammunition market is divided mainly into the mortar, artillery, large caliber, medium caliber, small caliber. Shifting public focus towards shooting as a major sports activity will generate heavy demand for ammunition over the coming years. Small caliber ammunition accounted for more than 45% of the global market share in 2015 and will grow noticeably over the coming years, primarily driven by its rising usage for defense and civil purposes. Furthermore, non-lethal ammo such as wax bullets, rubber bullets, plastic bullets, and beanbag rounds are being prominently used for recreational activities. Artillery and mortar caliber finds major application across defense sector, which will drive the ammunition market growth considerably.

Browse key industry insights spread across 110 pages with 88 market data tables & 60 figures & charts from the report, “Ammunition Market” in detail along with the table of contents @ https://www.gminsights.com/industry-analysis/ammunition-market

Asia Pacific Ammunition Market will register a lucrative growth rate over the forecasts period, owing to the huge allocation of financial budgets for the defense sector. The rising demand for ammunition in sports and entertainment activities will also favor APAC market growth significantly. Russia ammunition industry will generate considerable revenue over the next few years, as it is a prominent arms producer. In addition, Russia is the main distributor of the defense equipment across the world.

Defense and civil sectors are the two prominent application areas of ammunition market. Defense sector led the application landscape in 2015 and will continue its dominance by occupying more than 50% of the total industry share over the period of 2016 to 2025. Ammunition industry size in civil applications will also grow lucratively over the coming timeframe, driven by its high demand in Law enforcement, self-defense, entertainment, and sports activities.

Table Of Content For This Research Report:

Chapter 3 Ammunition Market Insights
3.1 Ammunition market segmentation
3.2 Industry size growth forecast, 2012 – 2025
3.3 Industry ecosystem analysis
3.3.1 Vendor matrix
3.3.2 Distribution channel analysis
3.4. Technology & innovation landscape
3.5. Regulatory landscape
3.5.1 U.S.
3.5.2 EU
3.6 Defense budget, by country, 2015
3.6.1 U.S.
3.6.2 China
3.6.3 Saudi Arabia
3.6.4 UK
3.6.5 Russia
3.6.6 Japan
3.6.7 India
3.6.8 Germany
3.7 Gun ownership landscape
3.7.1 U.S.
3.7.2 Russia
3.8 Industry impact forces
3.8.1 Growth drivers
3.8.1.1 Rising terrorism
3.8.1.2 Escalating arms race in Asia Pacific, MEA
3.8.1.3 Increasing recreational & leisure activities like hunting and shooting
3.8.2 Industry pitfalls and challenges
3.8.2.1 Stringent government norms
3.8.2.2 Environmental concerns
3.9 Growth potential analysis
3.10 Porter’s analysis
3.11 Competitive landscape, 2015
3.11.1 Strategy dashboard
3.12 PESTEL analysis

Browse complete Table of Contents (ToC) of this research report @ https://www.gminsights.com/toc/detail/ammunition-market

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, application, renewable energy and bio application.

Contact Info:
Name: Arun Hegde
Email: Send Email
Organization: Global Market Insights, Inc.
Address: 4 North Main Street Selbyville, Delaware 19975 USA
Phone: 1-888-689-0688
Website: https://www.gminsights.com/pressrelease/ammunition-market

Source URL: https://marketersmedia.com/ammunition-market-to-hit-the-115-billion-dollar-frontier-by-2025/88912337

Source: MarketersMedia

Release ID: 88912337