Investments in Advanced Weaponry to Drive Global Ammunition Market to US$14.87 bn by 2021

According to a new market report published by Transparency Market Research Ammunition Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2015 - 2021, global ammunition market was valued at US$11.48 bn in 2014, growing at a CAGR of 3.7% from 2015 to 2021 to account for US$14.87 bn in 2021.

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The growing competition among nations to equip armed troops with advanced weaponry in order to secure the countrys economy and citizens lives is the major driver for the global ammunition market. Increasing concerns to combat various unfavourable geopolitical disputes and threats from terrorist organizations are further boosting the market for ammunition across the world. Continuous development of technologically enhanced weaponry is simultaneously improving the demand scenario for ammunition market globally.

In terms of segmentation by types, the full metal jacketed (FMJ) ammunition segment held the highest revenue share accounting for nearly fifty percent of the overall market in 2014. With the increasing access of technology to hostile nations and terrorist organizations, the requirements for tracer, incendiary and armor piercing ammunition are also escalating at substantial rates globally. In terms of caliber, the market is further segmented into small caliber ammunition, medium caliber ammunition, mortar ammunition, artillery ammunition and shotgun shells. The artillery ammunition segment is estimated to register the second fastest CAGR during the forecast period from 2015 to 2021. The shotgun shells segment is currently growing at a slower pace as compared to other ammunition types. However, this segment is expected to gain pace over the forecast period owing to the increasing applications in law enforcement and commercial sectors.

Geographically, Europe is estimated to be leading the global ammunition market with market revenue share more than thirty five percent in 2014 and is expected to continue its dominance throughout the forecast period. Growing interest for modernization of armed troops and increasing adoption of technologically enhanced ammunition are the major factors driving the growth of the ammunition market in Europe. Russia is estimated to be dominating the Europe ammunition market and is one of the major exporters of ammunition to various nations in the Asia Pacific and Rest of the World.

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Moreover, the initiatives undertaken by the various governments and military organizations across the world, to minimize threats from terrorist organizations are contributing to the growth of ammunition market. In terms of country, the U.S. is currently estimated to be the largest market for ammunition in the world and is expected to continue holding the position throughout the forecast period. Asia Pacific presently accounts to be the fastest growing region in the global ammunition market with a CAGR of 4.0% from 2015 to 2021. China and India are the leading markets for ammunition in the Asia Pacific. Rest of the World, especially countries in the Middle East is investing heavily in the development and procurement of advanced ammunition to sustain economic and political security. The report includes the market revenues of 18 major countries in the ammunition market.

The report provides company market share analysis of the various industry participants and a brief snapshot of the leading ammunition manufacturers. Key players have also been profiled on the basis of company overview, financial overview, business strategies, historical roadmap and recent developments in the field of ammunition. Major market participants profiled in this report include General Dynamics Corporation, Hornady Manufacturing Company, Inc., Fiocchi Munizioni S.p.A., Orbital ATK, Inc., Prvi Partizan A.D., RUAG Holding A.G., Nexter Group, Nammo A.S., Rheinmetall Defence and Companhia Brasileira de Cartuchos among others.

Global Ammunition Market, 2015  2021: By Type

Full Metal Jacketed (FMJ) Ammunition
Tracer Ammunition
Incendiary Ammunition
Armor Piercing Ammunition
Others

Global Ammunition Market, 2015  2021: By Caliber

Small Caliber Ammunition
Medium Caliber Ammunition
Mortar Ammunition
Artillery Ammunition
Shotgun Ammunition

Global Ammunition Market, 2015  2021: By Application

Military
Law Enforcement
Commercial

Global Ammunition Market, 2015  2021: By Geography

North America
U.S.
Canada
Mexico

Europe
Russia
U.K.
France
Germany
Italy
Rest of Europe

Asia Pacific (APAC)
China
India
Japan
South Korea
Rest of APAC

Rest of the World (RoW)
Saudi Arabia
UAE
Israel
Turkey
South Africa
Brazil
Rest of RoW

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