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The Ammunition Market is Segmented by Type (Small Caliber, Medium Caliber, Large Caliber, and Mortar and Artillery Ammunition), Application (Non-lethal and Lethal), End User (Civilian and Military), and Geography.
Fastest Growing Market:
The ammunition market (henceforth, referred to as the market studied) is anticipated to register a CAGR of above 3% during the forecast period.
The market study includes the procurement of small caliber, medium caliber, large caliber, and mortar and artillery ammunition for civilian and military purposes. The military segment includes procurements by the military (army, navy, and air force), homeland security, local law enforcement agencies, border security forces, and special forces.
|Mortar and Artillery Ammunition|
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The military segment currently dominates the market studied, and it is expected to continue its domination, in terms of market share, over the forecast period. This is due to the increase in the procurement of ammunition by the armed forces, local enforcement agencies, and border security forces to subdue the threats arising due to terrorism, territorial conflicts, and geopolitical tensions. With the use of armaments, like 54 Mk-45 Mod 1/2, 62 Mk-45 Mod 4, Phalanx CIWS, and M242 Bushmaster, on destroyers; GAU-22/A 4-barrel rotary cannon, Gryazev-Shipunov GSh-30-1 autocannon, and Mauser BK-27 revolver cannon, on aircraft; 12.7 mm MG turret, 40 mm L/70 autocannon, 30 mm automatic Grenade Launcher, and PKT coaxial machine gun, on land, armored vehicles may require huge inventories of ammunition of different types. Thereby, procurements of such vehicles are expected to generate the demand for ammunition. Additionally, the investments of countries to manufacture high impact, more lethal, greater accuracy, and low weight ammunition that produces no muzzle flash or traces are propelling the growth of this segment.
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The Middle-East and African region is anticipated to register the highest growth rate during the forecast period. According to SIPRI, arms imports by countries in the Middle East increased by 87%, between 2009-2013 and 2014-2018. This increase is mainly due to increased procurements of Saudi Arabia, Egypt, the United Arab Emirates, and Iraq, which received 33%, 15%, 11%, and 11% of arms imports of the region, respectively. Additionally, over the same period, the imports from Kuwait and Israel increased by around 350%, while Egypt, Qatar, and Oman had a growth of about 200%. The market studied in these countries is expected to grow further, owing to the ongoing procurements of new combat aircraft and armored vehicles, which may generate the demand for the respective ammunition used in those vehicles.
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The ammunition market is fragmented with several prominent players operating globally. The prominent players in the ammunition market are BAE Systems PLC, Rheinmetall AG, Nexter Group KNDS, General Dynamics Corporation, and Northrop Grumman Corporation. The increasing need for arms and ammunition is allowing the countries to strengthen their local and government-owned ammunition companies. Countries, like Saudi Arabia, the United Arab Emirates, China, and India, are supporting local manufacturing companies to facilitate the need for their respective armed forces and law enforcement agencies, thereby, helping the local companies to have a significant share in the market studied.
1.1 Study Assumptions
1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
4.1 Market Overview
4.2 Market Drivers
4.3 Market Restraints
4.4 Porter's Five Forces Analysis
4.4.1 Bargaining Power of Buyers/Consumers
4.4.2 Bargaining Power of Suppliers
4.4.3 Threat of New Entrants
4.4.4 Threat of Substitute Products
4.4.5 Intensity of Competitive Rivalry
5. MARKET SEGMENTATION
5.1.1 Small Caliber
5.1.2 Medium Caliber
5.1.3 Large Caliber
5.1.4 Mortar and Artillery Ammunition
5.3 End User
5.4.1 North America
220.127.116.11 United States
18.104.22.168 United Kingdom
22.214.171.124 Rest of Europe
126.96.36.199 South Korea
188.8.131.52 Rest of Asia-Pacific
5.4.4 Latin America
184.108.40.206 Rest of Latin America
5.4.5 Middle-East and Africa
220.127.116.11 Saudi Arabia
18.104.22.168 United Arab Emirates
22.214.171.124 Rest of Middle-East and Africa
6. COMPETITIVE LANDSCAPE
6.1 Vendor Market Share
6.2 Company Profiles
6.2.1 Winchester Ammunition (Olin Corporation)
6.2.2 RUAG Group
6.2.3 Vista Outdoor Inc.
6.2.4 Northrop Grumman Corporation
6.2.5 Global Ordnance
6.2.6 CBC Global Ammunition
6.2.8 Nammo AS
6.2.9 BAE Systems PLC
6.2.10 Rheinmetall AG
6.2.11 Nexter Group
6.2.12 General Dynamics Corporation*
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
** Subject to Availability