Ammunition Market 2021 Size, Share Global Development and Forecast, Top Companies, Industry Current Trends, Application, Growth Factors to 2030 Research Report

In a recent published report, Kenneth Research has updated the market report for Ammunition Market for 2021 till 2030. Report further now discusses; the various strategies to be adopted or being adopted by the business players across the globe at various levels in the value chain. In the view of the global economic slowdown, we further estimated that China, India, Japan and South Korea to recover fastest amongst all the countries in the Asian market. Germany, France, Italy, Spain to take the worst hit and this hit is expected to be regain 25% by the end of 2021- Positive Growth in the economic demand and supply.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Ammunition Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

Global Ammunition Market is estimated to reach $26.18 Billion by 2024 with CAGR of 23.7% between 2016 and 2024. Ammunitions are designed to be used in a wide range of firearms and are highly explosive. They can be short from weapons ranging from short pistols to heavy automatic weapons, known as machine guns. Ammunitions are necessary for all kind of weapons to operate. Majority of military and civilian ammunitions have standardized specifications for the size, shape and ballistic performance. There are certain important factors to be considered while using a chemical formula used to produce ammunitions. These factors include physical size, expansion rate, shape of powder particles and the stability of propellant. Continuous R&D is required to develop advanced or smart ammunition and ammunition management system with upgraded cyber-attack resistance. Ammunitions can also be owned by civilians for personal safety or even for hunting, but need a valid identification cards or firearms license. This aims to reduce gun violence or gun assaults which causes risk to like of common people.

The key factors supplementing the growth of the ammunition market include increasing budgets by defence for procuring advanced military ammunitions and growing threat of terrorists and cross-border disputes globally. Increasing demand for ammunitions for training purpose for various armed forces and increasing popularity of shooting as a sports activity also supports the growth of the market. Though, declining defence budgets of certain countries and high toxicity of lead-based ammunitions could pose challenge to the market. Nevertheless, non-lethal weapons and green bullets could provide opportunities in coming years.

The global Ammunition market is categorized as caliber, type, application and geography. Caliber can be segmented into mortar ammunition, small caliber, medium caliber, artillery ammunition and shotgun shells. By type, it is further segmented into armour piercing, full metal jacketed, tracer, incendiary, and others. Furthermore, application is segmented into military, law enforcement and commercial.

By geography the market is segmented into North America, Europe, Asia-Pacific and rest of the world (RoW). The U.S., Canada and Mexico are covered under North America wherein Europe covers Russia, U.K., Germany, France, Italy and Rest of Europe. Asia-Pacific covers China, India, Japan, South Korea and Rest of Asia Pacific. Rest of the World (RoW) covers South America, Middle East and Africa.

Key market players include Federal Premium Ammunition, BAE Systems, Fiocchi Munizioni S.p.A., RUAG Holding A.G., General Dynamics Corporation, Nammo AS, Maxam, Olin Corporation, Orbital ATK Inc., Remington Arms Company, Inc., Hornady Manufacturing Company, Inc., and Remington Arms Company.

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The key takeaways from the report:
The report will provide detailed analysis of Ammunition Market with respect to major segments such as caliber, type, and application
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities. An exhaustive regional analysis of Ammunition market.

Profile of key players of the Ammunition market, which include key financials, product & services and new developments

Scope of Ammunition Market:
Caliber Segments
Mortar Ammunition
Small Caliber
Medium Caliber
Artillery Ammunition
Shotgun Shells
Type Segments
Armour Piercing
Full Metal Jacketed
Application Segments
Law Enforcement

Geography Segments
North America

South Korea
South America
Middle East

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Kenneth Research is a reselling agency providing market research solutions in different verticals such as Automotive and Transportation, Chemicals and Materials, Healthcare, Food & Beverage and Consumer Packaged Goods, Semiconductors, Electronics & ICT, Packaging, and Others. Our portfolio includes set of market research insights such as market sizing and market forecasting, market share analysis and key positioning of the players (manufacturers, deals and distributors, etc), understanding the competitive landscape and their business at a ground level and many more. Our research experts deliver the offerings efficiently and effectively within a stipulated time. The market study provided by Kenneth Research helps the Industry veterans/investors to think and to act wisely in their overall strategy formulation

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