Ammunition Market Expected to Register High Revenue Growth Through 2016–2024
Deerfield Beach, FL -- (SBWIRE) -- 02/06/2017 -- Global Ammunition Market: Overview
The ammunition is generally short termed as ammo. Ammunition is used for different kinds of projectile and propellant weapons. They are used in those weapons that can be used in combats, including missiles, bombs, land mines, warheads, anti-personnel mines, and naval mines.
Global Ammunition Market: Growth Factors
The global ammunitions market is likely to grow in the near future. The rise in the demand from the government has increased the growth of the global market. Rising concerns for the safety of the people is one of the main factors driving the growth of global ammunition market. In addition to this, rising incidents of robbery and other situations that can lead the life to danger is the main reason for the growth of the global market. Additionally, use of advanced technology in the production of weapons is also driving the global ammunition market. Moreover, increased awareness about the use of weapons is towering the growth of the global market.
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On the other hand, misuse of the weapons is the main reason that is hampering the growth of global ammunition market. In addition, growing terrorism is also one of the main reasons hindering the growth of the global market. Moreover, illegal authorization of weapons is one of the main factors restraining the growth of global ammunition market.
Global Ammunition Market: Segmentation
Based on types, the global ammunition market is mainly classified as small caliber ammunition, medium caliber ammunition, large caliber ammunition, artillery, mortar, and others. Furthermore, the small caliber ammunition is divided as 7.62mm, 5.56mm, 12.7mm, 9mm, and others. The medium caliber ammunition is segmented as 25mm, 20mm, 40mm, 30mm, and others. And lastly, the large caliber ammunition is classified as 90mm, 57mm, 120mm, and others.
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On the basis of applications, the global ammunition market is segmented into defense and civil.
Global Ammunition Market: Regional Analysis
The global ammunition market is regionally segmented into North America, Europe, Asia-Pacific, and the Middle East and Africa. The rise in the demand for the weapons for defense and warfare has boosted the global market all over the world. Use of advanced technology has boosted the global ammunition market in North America. Rising concern for the safety and security has towered the growth of the global market in European countries such as Germany and Italy. In addition to this, Asia Pacific countries such as India and China will boost the global ammunition market in the near future due to increase in the job opportunities.
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Global Ammunition Market: Competitive Players
Key players in the global ammunition market are BAE Systems, General Dynamics Corporation, Ruag Ammotec, and Remington Arms Company Inc. Other major players influencing the global market include Federal Premium Ammunition and Maxam, and Poongsan Corporation.
Global Ammunition Market: Regional Segment Analysis
The Middle East and Africa
What Report Provides
Full in-depth analysis of the parent market
Important changes in market dynamics
Segmentation details of the market
Former, on-going, and projected market analysis in terms of volume and value
Assessment of niche industry developments
Market share analysis
Key strategies of major players
Emerging segments and regional markets
Testimonials to companies in order to fortify their foothold in the market.
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