Market Executive Summary

REPORT HIGHLIGHT

The global ammunition Market was valued at USD 12.34 billion by 2017, growing with 2.7% CAGR during the forecast period, 2018-2028.

Market Dynamics

Ammunition term is used for the supply of bullets and shells. Worldwide acceleration of terrorist activities is expected to provide strong growth to this industry. To fight with terrorism, various governments are giving priority to anti-terror initiatives. Countries like India, and China are looking to invest more and more on their defence sector which will propel the industry growth in the next decade. In addition, the quest of having advanced arms stacked with the latest technology is considered to be the valid reason for the strong growth of ammunition industry. Furthermore, increase in tension across borders, purchase of arms and ammunition and technological advancement will give strength to armed forces.

Ammunition mainly comprise of mortars, bullets and rockets. These three ammos possess different manufacturing patterns, technologies and materials. The market is packed with various small and medium size companies, and this makes it difficult for a single manufacturer to grab maximum share. Today?s ammunition market is dispersed and is restrained by reduced investment on defense by developed countries. While developing countries are giving highest priority to military expenditure, developed countries like U.S. and Germany are paying less attention on military expenditure. The North Atlantic Treaty Organization (NATO) along with their allies have minimized their investment in arms and ammunition. Along with this factor, high cost in the research & development and international regulations are expected to hinder the industry growth over the forecast period.

Product Takeaway

Bullet grabbed the largest segment in 2017 and will continue this dominance in future period. Growth is mainly attributed to its growing demand for pistols, shotguns, revolvers and rifles for personal security. Many U.S. citizens have their personalized guns as in U.S. the licensing procedure is easy. This factor has majorly resulted in ammunition market in civil sector.

End User Takeaway

Based on end user, the market is categorized into civil and defense. Further the civil segment is sub categorized into law enforcement, sports and hunting. Market growth for civil segment is projected to multiply with the advancement in Russian military and increasing interest of people in sports, hunting and shooting activities. In addition to this, threat from various countries and internal security are major challenges in Africa, Asia and Middle East. These aspects will surely flip self-defence segment growth over the forecast period.

Regional Takeaway

In North America, the U.S. is witnessing the greatest number of product manufacturers. The bullet segment enjoyed utmost popularity and market share in 2017 and is projected to continue the same till 2028.

In Europe, Russia, France, Germany and U.K. have grabbed the industry. Europe has earned its name in the manufacturing of small arms ammunition and is estimated to retain its position in future. Furthermore, with the popularity in hunting and sports activities, the industry is projected to get a good jump in developing regions.

Key Vendor Takeaway

Since 2012, the industry has experienced prominent rise because of political uncertainties and increase in terrorist activities. Major key vendors of this industry includes Remington Arms Company, Magtech Ammunition Company, Global Ordnance, Poongsan Corporation, BAE Systems plc, Nexter Munitions, General Dynamics Corporation.

Federal Premium Ammunition had announced a new product named American Eagle target series in October 2017. These products possess 20 boxes of 300 blackouts, 6.5 Creedmoor, and 6.5 Grendel which is known for its excellent precision at the time of high-volume shooting. Such introduction will definitely boost the industry growth to great extent.

The market size and forecast for each segment and sub-segments has been considered as below:

Historical Year ? 2017 ? 2021
Base Year ? 2021
Estimated Year ? 2022
Projected Year ? 2028
TARGET AUDIENCE

Traders, Distributors, and Suppliers
Manufacturers
Government Organizations
Regional Agencies
Research Organizations
Consultants
Distributors
SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

MARKET, BY PRODUCT

Bullets
Mortars
Rockets
Others
MARKET, BY END USER

Defense
Civil
Law Enforcement
Sports and Hunting
Self-defense
MARKET, BY REGION

North America
U.S.
Canada
Europe
Germany
France
Rest of Europe
Asia Pacific
India
China
Rest of APAC
Rest of the World
Middle East and Africa
Latin America