Thestudy offers a comprehensive overview of the technologies, volume size, rawmaterials, and in-depth analysis of the market with a dedicated section for theprofiling of key companies. The report also offers trends and patterns that areprojected to influence the growth of the Ammunition market during the forecastperiod of 2020-2027.
Besides,extensive rise in the cross-border conflict, broadening the number of armed lawenforcement troops & new taskforce battalions, and asymmetric warfare &intercountry border conflicts are some of the additional reasons behind theremarkable growth of the market. Also, reduced manufacturing costs of the gunswith the help of 3D printing mechanisms, growing demand for the smart guns, andincreasing usage of polymer in the arms industry are some of the subordinatemarket propelling factors that create a huge breakthrough in the market growth.
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Further key findings fromthe report suggest
· The polymersub-segment is growing with the fastest CAGR of 6.3% owing to its higherefficiency in the manufacturing with 3D printing techniques and reduction inthe overall costing with higher applicability in the sports and huntingpurposes.
· The regionsin the Asia Pacific lead by China, India, Pakistan, and South & North Koreaare allotting a considerable budget for their defense & law enforcementgrooming purposes. Besides, growing incidences of interpersonal stand-offs,asymmetric warfare, terrorist activities, domestic violence, along with highereconomic development and enhancement in the manufacturing industry,deliberately help propel market enforcement.
· Key players inthe market 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 RaytheonCompany, among others.
Furthermore,the report offers insights into the segmentation of the Ammunition industrybased on product types, applications, end-user, technology, and key regions. Thestudy also assesses the market segment expected to show significant growth inthe coming years.
· Type Outlook (Revenue: USD Billion; Volume:Thousand Units; 2017-2027)
o Bullets
o Aerial Bombs
o Grenades
o Artillery Shells
o Mortars
o Launchers
o Others
o Total
· End Users Outlook (Revenue: USD Billion; Volume:Thousand Units; 2017-2027)
o Military
o Law Enforcement
o Hunting
o Sports
o Self-defense
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