Ammunition Market size poised to exceed $11.5bn by 2025
Published Date: January 25, 2017 Author: Global Market Insights, Inc.
Ammunition Market size is estimated to exceed USD 11.5 billion by 2025; as per a new research report by Global Market Insights, Inc.
Growing concerns regarding terrorist threats and geopolitical disputes among the major economies will be the primary factors driving the ammunition market size. Rising participation in recreational activities such as sports and hunting are expected to present potential growth opportunities over the forecast timeframe.
Small caliber ammunition market share accounted for over 45% of the overall revenue in 2015. This can be credited to extensive application in small arms such as handguns and rifles for hunting, sports, and personal defense activities.
Competition among nations for advanced weaponry and related equipment is likely to propel the ammunition market size from 2016 to 2025. China, Pakistan, India, Syria, and Israel will present potential growth opportunities owing to recurring border disputes. Moreover, rising gun ownership in countries such as the U.S., Russia, India and Germany will support the industry growth over the forecast timeline.
The growing popularity of shooting as an activity in major sports events will enhance the ammunition market share from 2016 to 2025. Positive indicators from various organizations and associations to promote and support shooting sports are the key factors fueling product demand. Rising interest towards hunting & shooting as a recreational and leisure activity contributes to overall consumption, which in turn drive industry demand over the forecast period. The industry has witnessed various training programs that promote and support hunting and shooting without causing any harm to the consumer.
Unanticipated reforms in regulations restricting trade of arms and related equipment may pose a considerable growth threat. Rising environmental concerns regarding the usage of lead bullets that are deployed in recreational activities such as hunting and sports will challenge the global ammunition market share. Major participants adopt mergers and acquisitions to consolidate their industry presence and garner profitability.
Browse key industry insights spread across 110 pages with 88 market data tables & 60 figures & charts from the report, “Ammunition Market Size By Caliber (Small Caliber, Medium Caliber, Large Caliber, Artillery, Mortar), By Application (Defense, Civil), Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Russia, Japan, China, India, South Korea, Mexico, Brazil, Saudi Arabia, UAE, Israel, Africa), Growth Potential, Regulations, Competitive Market Share & Forecast, 2016 – 2025” in detail along with the table of contents:
Global mortar demand is expected to grow at 3.3% CAGR, owing to growing applications in lower firing pressure arms. Defense applications account for major industry share owing to conventional utilization and demands for new innovations. Need for non-lethal bullets will offer viable growth landscape owing to their application in riot control.
U.S. ammunition market share will account for over 90% of the North American revenue by 2025. Rising concerns regarding criminal activity and utilization of small & medium caliber ammunition for recreational activities will propel consumption.
The Ministry of Defense (MoD), India under its “Make in India” initiative encouraging private sector to manufacture ammunition for defense will drive the regional ammunition market size over the forecast timeframe. Several exhibitions such as ‘Fishing and Hunting’ in Moscow are held regularly to promote fishing, tourism, and hunting activities which in turn drive demand. Ease of availability and usability of next generation equipment will provide solid growth platform over the coming years.
Companies operating in the industry include General Dynamics Corporation, Remington Arms, Orbital ATK, BAE Systems, Olin Corporation, CCI, Ruag Ammotech, Nammo AS, Federal Premium Ammunition, Maxam, Poongsan, Denel, Global Ordnance, Hornady Manufacturing and Nexter Munitions.
Ammunition market research report includes in-depth coverage of the industry with estimates & forecast in terms of revenue in USD billion from 2012 to 2025, for the following segments:
Ammunition Market by caliber
- Small Caliber
- Medium Caliber
- Large Caliber
Ammunition Market by application
The above information is provided on a regional and country basis for the following:
- North America
- Asia Pacific
- South Korea
- Latin America
- Saudi Arabia