Ammunition Market Size, Share 2022 | Covid-19 Impact On Top Most Manufacture, Segmentation Analysis by Type, Application, Sales, Gross Margin, Competitive Landscape, & Region Outlook by 2031

Kenneth Research has evaluated the current market opportunities in Ammunition Market in the healthcare industry for the forecast period 2022-2031, which also includes the ongoing industry trends and innovations that will help industry players to attain their business targets. Apart from that, the inclusive data on market size, market share and forecast, growth opportunities and challenges for the market players, along with the worldwide analysis on regions- North America, Latin America, Europe, Asia Pacific and Middle East & Africa, has also been provided in the report.

U.S. Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analsysis and U.S. Census Bureau mentions the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4  billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) avergae exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilest imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Ammunition Market products.

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Moreover, the median health expenditure per capita recorded in the high-income, upper-middle income, and low & lower-middle income countries, recorded to be over USD 2,000, USD 400, and USD 100 respectively. Additionally, in the same year, the spending on health in high-income countries and in the low- and middle-income countries comprised approximately 8.2% and 6.3% of the GDP respectively.

Global Ammunition Market is estimated to reach $26.18 Billion by 2024 with CAGR of 23.7% between 2016 and 2024. Ammunitions are designed to be used in a wide range of firearms and are highly explosive. They can be short from weapons ranging from short pistols to heavy automatic weapons, known as machine guns. Ammunitions are necessary for all kind of weapons to operate. Majority of military and civilian ammunitions have standardized specifications for the size, shape and ballistic performance. There are certain important factors to be considered while using a chemical formula used to produce ammunitions. These factors include physical size, expansion rate, shape of powder particles and the stability of propellant. Continuous R&D is required to develop advanced or smart ammunition and ammunition management system with upgraded cyber-attack resistance. Ammunitions can also be owned by civilians for personal safety or even for hunting, but need a valid identification cards or firearms license. This aims to reduce gun violence or gun assaults which causes risk to like of common people.

The key factors supplementing the growth of the ammunition market include increasing budgets by defence for procuring advanced military ammunitions and growing threat of terrorists and cross-border disputes globally. Increasing demand for ammunitions for training purpose for various armed forces and increasing popularity of shooting as a sports activity also supports the growth of the market. Though, declining defence budgets of certain countries and high toxicity of lead-based ammunitions could pose challenge to the market. Nevertheless, non-lethal weapons and green bullets could provide opportunities in coming years.

The global Ammunition market is categorized as caliber, type, application and geography. Caliber can be segmented into mortar ammunition, small caliber, medium caliber, artillery ammunition and shotgun shells. By type, it is further segmented into armour piercing, full metal jacketed, tracer, incendiary, and others. Furthermore, application is segmented into military, law enforcement and commercial.

By geography the market is segmented into North America, Europe, Asia-Pacific and rest of the world (RoW). The U.S., Canada and Mexico are covered under North America wherein Europe covers Russia, U.K., Germany, France, Italy and Rest of Europe. Asia-Pacific covers China, India, Japan, South Korea and Rest of Asia Pacific. Rest of the World (RoW) covers South America, Middle East and Africa.

Key market players include Federal Premium Ammunition, BAE Systems, Fiocchi Munizioni S.p.A., RUAG Holding A.G., General Dynamics Corporation, Nammo AS, Maxam, Olin Corporation, Orbital ATK Inc., Remington Arms Company, Inc., Hornady Manufacturing Company, Inc., and Remington Arms Company.

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The key takeaways from the report:
The report will provide detailed analysis of Ammunition Market with respect to major segments such as caliber, type, and application
The report will include the qualitative and quantitative analysis with market estimation over 2015-2024 and compound annual growth rate (CAGR) between 2016 and 2024. Comprehensive analysis of market dynamics including factors and opportunities. An exhaustive regional analysis of Ammunition market.

Profile of key players of the Ammunition market, which include key financials, product & services and new developments

Scope of Ammunition Market:
Caliber Segments
Mortar Ammunition
Small Caliber
Medium Caliber
Artillery Ammunition
Shotgun Shells
Type Segments
Armour Piercing
Full Metal Jacketed
Tracer
Incendiary
Other
Application Segments
Military
Law Enforcement
Commercial

Geography Segments
North America
US
Canada
Mexico
Europe
Russia
U.K.
Germany
France
Italy
Others

Asia-Pacific
China
India
Japan
South Korea
Others
RoW
South America
Middle East
Africa

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Kenneth Research provides scheduled syndicated reports that help industry professionals and organizations decipher market trends to take significant decisions and plan strategies. We cater to a wide range of industries including healthcare & pharmaceuticals, ICT & telecom, automotive & transportation, energy & power, chemicals, FMCG & food, aerospace & defense, among others. Our research team ensures to track and analyze the industry on a regular basis to offer strategic business consultancy services on a global level. We, at Kenneth Research are adept at capturing descriptive insights on crucial topics to help our clients make their informed decisions.
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