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Ammunition Market Size to Reach USD 29.96 Billion by 2027; Increasing Adoption of 9mm Cartridges to Aid Growth, says Fortune Business Insights™

Fortune Business Insights
·8 mins read

Key companies covered are BAE Systems (United Kingdom), CBC Global Ammunition (Brazil), Denel SOC Ltd (South Africa), General Dynamics Corporation (United States), Nammo AS (Norway), Nexter group KNDS (France), Northrop Grumman Corporation (United States), Olin Corporation (United States), Poongsan Corporation (South Korea), RAUG Group (Switzerland), Thales Group (France), Vista Outdoor, Inc. (United States) and more players profiled in the ammunition market research report

Pune, Aug. 21, 2020 (GLOBE NEWSWIRE) -- The global ammunition market size is set to gain momentum from the increasing usage of 9mm cartridge as compared to the other calibers. It is mainly occurring because of the ongoing technological advancement, as well as its ability to perform in a versatile way. This information is provided by Fortune Business Insights™ in a recent report, titled, Ammunition Market Size, Share & COVID-19 Impact Analysis; by Application (Military & Homeland Security, and Civil & Commercial) By Caliber (Small, Medium, and Large) By Product (Bullets, Aerial Bombs, Grenades, Mortars, Artillery Shells, and Others), By Component (Fuses& Primers, Gun Powder, Projectile, Cases, and Others) By Guidance (Guided, and Non-Guided) By Lethality (Lethal, and Less-Lethal) and Regional Forecast, 2020-2027.” The report further mentions that the global market size was USD 25.46 billion in 2019 is projected to reach USD 29.96 billion by 2027, exhibiting a CAGR of 1.71% during the forecast period from 2020 – 2027.

The emergence of COVID-19 has brought the world to a standstill. We understand that this health crisis has brought an unprecedented impact on businesses across industries. However, this too shall pass. Rising support from governments and several companies can help in the fight against this highly contagious disease. There are some industries that are struggling and some are thriving. Overall, almost every sector is anticipated to be impacted by the pandemic.

We are making continuous efforts to help your business sustain and grow during COVID-19 pandemics. Based on our experience and expertise, we will offer you an impact analysis of coronavirus outbreak across industries to help you prepare for the future.


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Highlights of This Report:

  • In-depth information regarding the growth drivers, trends, and barriers.

  • Insights of the top companies operating in the market.

  • Extensive analysis of all the segments present in the market, as well as their shares.

  • Elaborate details about the competitive landscape including investments, novel product launches, mergers and acquisitions, agreements, contracts, and strategic collaborations.

Drivers & Restraints:

Increasing Political Unrest to Accelerate Growth

Ammunitions are majorly utilized in rifles, shotguns, and handguns with a wide range of calibers. The rising cases of mass shooting, as well as increasing terrorist activities are further resulting in the need for personal safety. It is thereby surging the demand for handguns worldwide. Apart from that, the increasing number of shooting ranges for recreational and sports activities would augment the ammunition market growth during the forecast period. Besides, the rising political unrest, increasing fear owing to stringent gun control norms, and expansion of the shooting range industry would contribute to the growth of the market.

Many Countries Ban Sales of Ammunition Owing to Covid-19 Pandemic

As per our research, in the U.S., the sales of ammunition and guns have surged since March 2020. Amongst the consumers, many of them are first-time gun buyers who fear of the sudden change in social order owing to the outbreak of the Covid-19 pandemic. Some of the other gun buyers are tensed about the fact that the U.S. government may implement stringent norms and regulations regarding the purchase of projectiles because of the spread of coronavirus infection. However, several other countries have banned the purchase of ammunition for recreational purposes and sports shooters.


Browse Detailed Research Insights with Table of Content:

https://www.fortunebusinessinsights.com/ammunition-market-103481


Segment:

Military & Homeland Security Segment to Lead Stoked by Military Modernization Initiatives

In terms of application analysis, the market is bifurcated into military & homeland security and civil & commercial. Amongst these, the military & homeland security segment held 65% ammunition market share in 2019. It is likely to remain at the forefront in the coming years backed by the rising demand for munitions from the military forces worldwide owing to increasing upgradation initiatives, cross border conflicts, and political unrest in various countries.

Regional Analysis-

Increasing R&D Activities to Favor Growth in North America

In terms of geography, North America generated USD 13.76 billion revenue in 2019 and is set to be the largest market in the near future. This growth is attributable to the rising adoption of innovative projectile in the U.S. Army.

Besides, the rising government expenditure on research and development activities would aid growth. Coupled with this, the rising insecurity amongst the populaces owing to the outbreak of Covid-19 pandemic is surging the sales of guns in this region. It would also augment growth. In Asia Pacific, the market is likely to grow significantly fueled by the expansion of the military forces in countries, such as South Korea, India, and China. Additionally, an upsurge in the military upgradation program and high defense expenditure would bolster growth in this region.

Competitive Landscape-

Key Players Aim to Receive New Orders for Strengthening Their Positions

The prominent companies operating in the market are mainly engaging in research and development activities to launch new multi-purpose and lightweight lethal munitions. They are also focusing on bagging new orders from the government agencies and other regulatory bodies to strengthen their positions.


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Fortune Business Insights™ lists out the names of all the manufacturers present in the Ammunition Market. They are as follows:

  • BAE Systems (United Kingdom)

  • CBC Global Ammunition (Brazil)

  • Denel SOC Ltd (South Africa)

  • General Dynamics Corporation (United States)

  • Nammo AS (Norway)

  • Nexter group KNDS (France)

  • Northrop Grumman Corporation (United States)

  • Olin Corporation (United States)

  • Poongsan Corporation (South Korea)

  • RAUG Group (Switzerland)

  • Thales Group (France)

  • Vista Outdoor, Inc. (United States)

Detailed Table of Content:

  • Introduction

    • Research Scope

    • Market Segmentation

    • Research Methodology

    • Definitions and Assumptions

  • Executive Summary

  • Market Dynamics

    • Market Drivers

    • Market Restraints

    • Market Opportunities

  • Key Insights

    • Key Industry Developments –Mergers, Acquisitions and Partnerships

    • Latest technological Advancements

    • Porters Five Forces Analysis

    • Supply Chain Analysis

  • Global Ammunition Market Analysis, Insights and Forecast, 2015-2026

    • Key Findings / Summary

    • Market Analysis, Insights and Forecast – By Application

      • Military & Homeland Security

      • Civil & Commercial

    • Market Analysis, Insights and Forecast – By Caliber

      • Small

      • Medium

      • Large

    • Market Analysis, Insights and Forecast – By Products

      • Bullets

      • Aerial Bombs

      • Artillery Shells

      • Grenades

      • Mortars

      • Others

    • Market Analysis, Insights and Forecast – By Components

      • Fuzes & Primers

      • Gun Powder

      • Cases

      • Projectiles & warheads

      • Others

    • Market Analysis, Insights and Forecast – By Guidance

      • Guided

      • Non-Guided

    • Market Analysis, Insights and Forecast – By Lethality

      • Less-Lethal

      • Lethal

    • Market Analysis, Insights and Forecast – By Region

      • North America

      • Europe

      • Asia pacific

      • The Middle East

      • Rest of the world

TOC Continued…!!!


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Below are two of the significant industry developments:

  • September 2017: Black Hills Ammunition, a reloading supply manufacturing company based in South Dakota, received a contract worth USD 50 million from the U.S. Army to deliver its ammunition to the latter. The contract includes the delivery of 5.56mm long-range projectile for the U.S. combat forces.

  • April 2015: Orbital ATK, a provider of affordable precision weapons, military, and satellite components, headquartered in Virginia, bagged international and domestic contracts for target and tactical practice large- and medium-caliber projectile worth USD 120 million. The medium calibers include a wide range of products for LW30mm, 30mm, 25mm, and 20mm projectiles for usage in sea, land, and air platforms.


Have a Look at Related Research Insights:

United States Small Caliber Ammunition Market Size, Share & Industry Analysis, By Caliber (22 LR, 223 Remington, 308 Winchester, 9mm Luger, 357 Magnum, 45 Auto/ACP, 380 ACP, 40 S&W, 38 Special, 30-06 Springfield, and Others), Casing Type (Brass, Steel, Brass-coated Steel), Bullet Type (Lead, Copper, Brass, and Others), Distribution Channel (Online Stores, Retail Stores (Large Outlets, Shooting Ranges, and Local/ Niche Shops)), and Regional Forecast, 2018-2026

Small Caliber Ammunition Market Size, Share and Industry Analysis, By Caliber (223 Remington, 308 Winchester, 9mm Luger, 45 Auto/ACP, 380 ACP, 357 Magnum, 10 Gauge, 12 Gauge, 40 S&W, 20 Gauge, 22LR, 50 BMG, 6.5 Grendel, 7.62*39/54r, and Others), By Application (Commercial (Shooting Sports & Hunting, and Self-defense), Military & Homeland Security), By Bullet Type (Lead, Copper, Brass, and Others), and Regional Forecast, 2019-2026

Armored Vehicle Market Size, Share and Industry Analysis, By Platform (Combat Vehicles, Combat Support Vehicles, Unmanned Armored Ground Vehicles), By Mobility (Wheeled, Tracked), By System (Engine, Drive Systems, Ballistic Armor, Turret Drives, Ammunition Handling Systems, Others) and Regional Forecast, 2019-2026


About Us:

Fortune Business Insights™ offers expert corporate analysis and accurate data, helping organizations of all sizes make timely decisions. We tailor innovative solutions for our clients, assisting them address challenges distinct to their businesses. Our goal is to empower our clients with holistic market intelligence, giving a granular overview of the market they are operating in.

Our reports contain a unique mix of tangible insights and qualitative analysis to help companies achieve sustainable growth. Our team of experienced analysts and consultants use industry-leading research tools and techniques to compile comprehensive market studies, interspersed with relevant data.

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Read Press Release:

https://www.fortunebusinessinsights.com/press-release/global-ammunition-market-10175