Ammunition Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019
Albany, NY -- (SBWIRE) -- 03/31/2015 -- A recent market study published by Transparency Market Research (TMR) offers an in-depth analysis of the global ammunition market, underlining the past performance and current and future condition of the market.
The research report, titled, "Ammunition Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2013 - 2019", provides a comprehensive study of the global ammunition market including a quantitative as well as qualitative analysis of the ammunition industry and it various market segments.
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The global ammunition industry had reached a value of US$9,235.8 million in 2012. During the period of 2013 to 2019, the market is expected to witness growth at a sluggish rate, registering a CAGR of 1.3% over the course of the forecast period, and will attain a net value of US$10,093.1 million by 2019.
Almost all the economies in the world are facing the threat of terrorism. It has become critical for federal defense bodies to stay alert against various destructive forces. To keep themselves combat-ready, these defense departments deploy a large array of ammunition such as small arms ammunition, grenades, missiles, warheads, and torpedoes.
The global ammunition market is assessed on the basis of types, applications, products, and region. Based on type, the large caliber ammunition segment led the global ammunition industry in 2012. It is expected that this segment will continue its dominance during the period of 2013 to 2019. On the basis of products, the small arm ammunition segment dominated the overall industry in 2012. According to market experts, this segment will retain its leading position till 2019. Application-wise, the defense industry led the global market for ammunition and is likely to continue dominating the market with a CAGR of 1.45% between 2013 and 2019.
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Regionally, Europe is considered to be the dominant ammunition segment in the global ammunition industry. It is expected this region it will maintain its top position in the near future. The revenue share of the European ammunition market in 2012 was 35.5%. However, Europe is likely to exhibit a relatively slower growth rate by the end of 2019 compared to Asia Pacific and Rest of the world, owing to technical developments, specifically in artillery ammunition. North America is likely to register the highest growth rate by 2019. However, the impact of the United Nations arms trade treaty and budget cuts in Europe and the U.S. are restricting the development of the global ammunition market.
The global ammunition market includes various renowned participants such as General Dynamics Corporation, Alliant Techsystems Inc., CBC Group, Rheinmetall AG, and Nexter Group. The market share of the top four participants in the ammunition industry collectively qualified for 46.6%. These players are aiming at strategic associations and technical developments that assist them to maintain competitiveness in the market and help minor players maintain stability in the global ammunition market.
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