Ammunition Market and Share 2020 - Future Growth Analysis by Business Revenue, Top Opportunities, Manufacturers, Global Trends Forecast to 2027 | Fortune Business Insights™

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The global ammunitionmarket size is set to gain momentum from the increasing usage of 9mmcartridge as compared to the other calibers.

Ammunition Market and Share 2020 - Future Growth Analysis by Business Revenue, Top Opportunities, Manufacturers, Global Trends Forecast to 2027 | Fortune Business Insights™

Theglobal ammunitionmarket size is set to gain momentum from the increasing usage of 9mmcartridge as compared to the other calibers. It is mainly occurring because ofthe ongoing technological advancement, as well as its ability to perform in aversatile way.

Thisinformation is provided by FortuneBusiness Insights™ in a recent report, titled, ''Ammunition Market Share &COVID-19 Impact Analysis; by Application (Military & Homeland Security, andCivil & Commercial) By Caliber (Small, Medium, and Large) By Product(Bullets, Aerial Bombs, Grenades, Mortars, Artillery Shells, and Others), ByComponent (Fuses& Primers, Gun Powder, Projectile, Cases, and Others) ByGuidance (Guided, and Non-Guided) By Lethality (Lethal, and Less-Lethal) andRegional Forecast, 2020-2027.” Thereport further mentions that the global market size was USD 25.46 billion in2019 is projected to reach USD29.96 billion by 2027, exhibiting a CAGR of 1.71% duringthe forecast period from 2020 – 2027.

COVID-19 Impact Analysis:

Theemergence of COVID-19 has brought the world to a standstill. We understand thatthis health crisis has brought an unprecedented impact on businesses acrossindustries. However, this too shall pass. Rising support from governments andseveral 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.

Weare taking continuous efforts to help your business sustain and grow duringCOVID-19 pandemics. Based on our experience and expertise, we will offer you animpact analysis of coronavirus outbreak across industries to help you preparefor the future.

Fortune Business Insights™ lists out the names of all themanufacturers present in the Ammunition Market. They are as follows:

BAE Systems (United Kingdom)
CBC Global Ammunition (Brazil)
Denel SOC Ltd (South Africa)
General Dynamics Corporation (United States)
Nammo AS (Norway)
Nexter group KNDS (France)
Northrop Grumman Corporation (United States)
Olin Corporation (United States)
Poongsan Corporation (South Korea)
RAUG Group (Switzerland)
Thales Group (France)
Vista Outdoor, Inc. (United States)

Study Period: 2016-2027
Base Year: 2019
Forecast Period: 2020-2027
Historical Period:2016-2018

Drivers & Restraints:

Increasing Political Unrest to Accelerate Growth

militaryartillery shells for sale are majorly utilized in rifles, shotguns, andhandguns with a wide range of calibers. The rising cases of mass shooting, aswell as increasing terrorist activities are further resulting in the need forpersonal safety. It is thereby surging the demand for handguns worldwide. Apartfrom that, the increasing number of shooting ranges for recreational and sportsactivities would augment the ammunition market growth during the forecastperiod. Besides, the rising political unrest, increasing fear owing tostringent gun control norms, and expansion of the shooting range industry wouldcontribute to the growth of the market.

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

Asper our research, in the U.S., the sales of ammunition and guns have surgedsince March 2020. Amongst the consumers, many of them are first-time gun buyerswho fear of the sudden change in social order owing to the outbreak of theCovid-19 pandemic. Some of the other gun buyers are tensed about the fact thatthe U.S. government may implement stringent norms and regulations regarding thepurchase of projectiles because of the spread of coronavirus infection.However, several other countries have banned the purchase of ammunition forrecreational purposes and sports shooters.

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

Segment:

Military & Homeland Security Segment to Lead Stoked by MilitaryModernization Initiatives

Interms of application analysis, the market is bifurcated into military &homeland security and civil & commercial. Amongst these, the military &homeland security segment held 65% ammunition market share in 2019. It islikely to remain at the forefront in the coming years backed by the risingdemand for munitions from the military forces worldwide owing to increasingupgradation initiatives, cross border conflicts, and political unrest invarious countries.

Regional Analysis-

Increasing R&D Activities to Favor Growth in North America

Interms of geography, North America generated USD 13.76 billion revenue in 2019and is set to be the largest market in the near future. This growth isattributable to the rising adoption of innovative projectile in the U.S. Army.

Besides,the rising government expenditure on research and development activities wouldaid growth. Coupled with this, the rising insecurity amongst the populacesowing to the outbreak of Covid-19 pandemic is surging the sales of guns in thisregion. It would also augment growth. In Asia Pacific, the market is likely togrow significantly fueled by the expansion of the military forces in countries,such as South Korea, India, and China. Additionally, an upsurge in the militaryupgradation program and high defense expenditure would bolster growth in thisregion.

Competitive Landscape-

Key Players Aim to Receive New Orders for Strengthening TheirPositions

Theprominent companies operating in the market are mainly engaging in research anddevelopment activities to launch new multi-purpose and lightweight lethalmunitions. They are also focusing on bagging new orders from the governmentagencies and other regulatory bodies to strengthen their positions.

Key Questions Answered:

Why Choose Fortune Business Insights?
What are the key demands and trends shaping the market?
What are the key opportunities in the market?
What are the key companies operating in the market?
Which company accounted for the highest market share?
What is the market size and growth rate of the global and regional market by various segments?
What is the market size and growth rate of the market for selective countries?
Which region or sub-segment is expected to drive the market in the forecast period?
What Factors are estimated to drive and restrain the market growth?

This Research Report Provides Features Like;

Discover regional market opportunities and trends
Identify emerging market demand & dynamics
Market intelligence with quality and accuracy
Deliverable formats like PDF, PPT, cloud, etc
Benchmark against competitors & global industry
Explore competitive strategy & market share

Browse Detailed Research Insights with Table of Content:

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

Below are two of the significant industry developments:

September 2017: Black Hills Ammunition, a reloading supply manufacturing 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 20mm projectiles for usage in sea, land, and air platforms.

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