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According to
projections, the worldwide Ammunition Market
will reach a valuation of USD 20.03 billion in 2022 and expand at a compound
annual growth rate (CAGR) of 4.2%. The term "ammunition," also
referred to as "rounds," describes the several kinds of materials
used in guns, firearms, and other weapons, such as bullets, shells, or
cartridges. Ammunition is utilized in hunting, sports shooting, and other
leisure activities in addition to being a crucial part of the military and
security sectors.
Lead, copper, brass, and steel are just a few of the materials used in the
production of ammunition, which may be made for a range of weapons, including
shotguns, rifles, and pistols. The kind of ammunition used depends on the
intended application, such as military activities, hunting, target shooting, or
self-defense.
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In the upcoming years, the demand for weapons and ammunition
for hunting, recreational activities, and personal protection is predicted to
rise significantly, driving the global ammunition market. Government
expenditure on military and defense will also contribute to this increase.
Strict laws and safety requirements are also applicable to the industry, which
may have an effect on supply chain management and market expansion.
The market for ammunition is essential to the hunting, sports shooting, and
other leisure activities sectors as well as the defense and security
industries. Due to growing government spending on military and defense as well
as the growing demand for weapons and ammunition for recreational and personal
protection, the market is predicted to rise significantly in the upcoming
years.
Because of growing government spending on military and a
growing need for personal protection, the ammunition market in the Asia-Pacific
area is predicted to rise significantly. Thanks to the existence of several
well-known ammunition producers and the strong demand for hunting and sports
shooting, North America and Europe are also important markets.
Market Segmental Analysis
By Caliber
·
Small
·
Rockets
·
Missiles
By Small Ammunition Product
·
Rimfire
·
Centerfire
By End-use
·
Civil
·
Commercial
·
Defense
Key Companies
Northrop Grumman Corporation, FN Herstal, Olin Corporation,
General Dynamics Corporation, BAE Systems, Inc., Rheinmetall Defense, Nexter
KNDS Group, Hanwha Corporation, ST Engineering, Remington Arms Company LLC,
Vista Outdoor Operations LLC
Country Scope
U.S.; Canada; U.K.; Germany; France; Italy; Spain; Benelux;
Nordic Countries; Russia; China; India; Japan; South Korea; Australia;
Indonesia; Thailand; Mexico; Brazil; Argentina; Saudi Arabia; UAE; Egypt; South
Africa; Nigeria
Frequently Asked Questions
2. What are the technology trends
shaping various markets?
3.
What
is the COVID-19 impact on the market and how long will it take to recover?
4.
Who
are the key competitors of market Players?
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Together with corroborating market trends, obstacles, and
constraints, the research presents quantitative and qualitative aspects of the
market in terms of value and volume.
At the regional and national levels, the study offers a thorough analysis from
the perspectives of production and consumption. The production capacity by
nations and regions, average price, consumption ratio, revenue earned, and
gross margin are important factors that are considered within the report's
scope.
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