DUBLIN--(BUSINESS WIRE)--Research and Markets has announced the addition of the "Ammunition Market, By Product (Bullets, Mortars, Rockets), By End-Use (Civil [Law Enforcement, Self-Defense, Sports & Hunting], Defense) and Segment Forecasts, 2013 - 2024" report to their offering.
The global ammunition market is expected to reach USD 16.07 billion by 2024.
Increasing terrorist activities, coupled with arms race amongst emerging economies in the recent past is projected to fuel industry growth over the next eight years. Civil and defense are the two key end-uses in the market. The civil end-use is further segmented into law enforcement, self-defense, and sports & hunting.
Advancements in Russian and U.S. regional markets coupled with increasing participation in shooting, hunting and sports across the world is influencing the growth of the global ammunition market. The countries such as China, South Korea, India, France, Saudi Arabia, Germany, Turkey, Israel and South Africa are expected to boost the demand further in the ammunition industry. However, high costs in research & development and international regulations are expected to hinder the market growth over the forecast period.
Additionally, the demilitarization initiatives adopted across Europe and North America are expected to reduce the demand for ammunition form the military and law enforcement sectors. However, the impacts of these factors are expected to reduce over the period of forecast.
Asia Pacific accounted for 32.9% of the overall revenue share in 2015 and is projected to witness high growth. Recent increase in terrorist activities along with the need to maintain internal peace and order, counties such as India, China and Pakistan are continuously enhancing their defense mechanism, which in turn is boosting the market.
General Dynamics Corporation
Remington Arms Company, Inc.
Magtech Ammunition Company, Inc.
Federal Premium Ammunition
Key Topics Covered:
1 Methodology And Scope
2 Executive Summary
3 Market Variables, Trends & Scope
4 Ammunition Market: Product Estimates & Trend Analysis
5 Ammunition Market: End-Use Estimates & Trend Analysis
6 Ammunition Market: Regional Estimates & Trend Analysis, by Product and End-Use
7 Competitive Landscape
8. Company Profiles
For more information about this report visit http://www.researchandmarkets.com/research/f5vlsn/ammunition