- Base Year: 2018
- Estimated Year: 2019
- Forecast Period: 2019 to 2026
This report categorizes the market with various types, applications, companies, and regions. It focuses on the present scenario and the future growth of the global Ammunition market, especially in regions like North America, Asia-Pacific, Europe, South America, Middle East, and Africa.
Ammunition (informally ammo) is the material fired, scattered, dropped or detonated from any weapon. Ammunition is both expendable weapons (e.g. bombs, missiles, grenades, land mines) and the component parts of other weapons that create the effect on a target (e.g. bullets and warheads). Nearly all mechanical weapons require some form of ammunition to operate.
According to the report, the global Ammunition market size was valued at $11,580 Million in the base year and is estimated to grow at a CAGR of 3.59% from 2019 to 2026.
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Orbital ATK Inc.
General Dynamics Corporation
Remington Arms Company, LLC
Federal Premium Ammunition
Growth Driver and Restraint
The global Ammunition market is estimated to experience a positive growth due to the increased terrorist activities along with rising stacks of arms and weapons in some emerging economies. And a large amount of expenditures on defense across the world is also propelling the market expanding. Furthermore, for the purpose that to combat such terrorism events, governments all around the world have been set up to suppress terrors and strengthen armed forces, which are fueling the market’s upward trend as well.
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In North America, the U.S. is leading the regional market go-ahead, especially in research and investigation aspect of ammunition industry, and accounting for a market share up to 46.47% in the base year. Europe ranked behind it, accounting for 23.49% market share, and it is worth to note that some countries in this region such as Germany and U.K. are reducing their costs on military and troops, which may slightly affect the global market. Out of this, the market in Asia-Pacific remains a relatively low level of growth compared with North America and Europe, held a market share of 18.42% in the same year.
By different size type, the market is segmented into Small Caliber Ammunition, Medium Caliber Ammunition, Large Caliber Ammunition, Artillery Ammunition, Mortar Ammunition in this report.
The Ammunition can be applied in a wide range of usages, such as for defense and Civil & Commercial usage.
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• Ammunition, Arms, and Weapons Industries
• Raw Material Supplier of Military Products
• Investigators on Forces, Troops, and Military fields
• Amy Industry Associations
• Government Agencies and NGOs
• Professional Service Providers on Military affairs