Research propounds critical trends that are currently influencing growth within the global ammunition market along with several macro-economic indicators. This newly published and insightful report on ammunition sheds light on key dynamics, and their impact on the overall value chain from suppliers to end-users, which are expected to transform the future of the global ammunition market.
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Centerfire Ammunition Market: In-Depth Assessment on Key Segments
The global ammunition market is segmented on the basis of caliber, type, application and region.
Rockets, Missiles and Others
|Application||Civil & Commercial
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Country-specific assessment on demand for ammunition has been provided for each regional market, along with the market size valuation and forecast price point assessment, price index and impact analysis of key regional and country-wise dynamics, which were obtained through quotes from numerous ammunition manufacturers, experts, and suppliers. Y-o-Y growth projections have also been offered on all regional markets incorporated in the report. Moreover, future trends, growth prospects, and other possibilities related to the market have been answered in the report.
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Statutory Bodies Continue to Bolster Ammunition Sales
Military sector in tandem with government bodies dictate the competitive landscape. Major players rely on ammunition requirements from statutory bodies.
However, remunerative growth opportunities will come from online sales channels amid rising commercial use of ammunition for sports shooting activities.
Market players that influence the overall dynamics of ammunition market are Northrop Grumman (Orbital ATK Inc.), Olin Corporation, General Dynamics Corporation, Nammo as, BAE Systems, RUAG (RUAG Ammotec), Denel SOC Ltd., Poongsan Corporation, Vista Outdoor Inc., Rosoboronexport, Rheinmetall AG, Nexter, and CBC Global Ammunition.
North America Leads Demand Generation, East Asia Buckling-up
North America accounts for more than a quarter of the total market, however, the developed region exhibits sluggish growth rate. In December 2019, the US senates cleared US$ 738 Bn defense budget which included development of a novel space force.
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Regions in Asia such as East Asia and South Asia & Oceania offer lucrative growth opportunities with growth rates above 4% and 5% respectively. In December 2019, India and the US conjured Industrial Security Index which is expected to drive significant deals and partnerships between US ammunition manufacturers and the Indian private sector.
Developing economies in Asia are investing in aerospace & defense to proactively prepare for surging geopolitical tension between neighboring countries.
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