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Ammunition Market Overview and Growth Rate Report, 2016 to 2024


According to a recent study by Hexa Research Inc., the global ammunition market was worth USD 11.8 billion in 2015. It is expected to grow at a CAGR exceeding 2% from 2016 to 2024 (forecast period). This industry bears a huge economical impact all over the world. This may be owed to its significant contributions towards excise, state and federal taxes. – PowerPoint PPT presentation

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Title: Ammunition Market Overview and Growth Rate Report, 2016 to 2024

Your Catalyst to a Lucrative Business
Ammunition Market Analysis, Regional Outlook,
Competitive Strategies and Forecasts to 2024
Hexa Research
The global ammunition market was worth USD 11.8
billion in 2015. It is expected to grow at a CAGR
exceeding 2 from 2016 to 2024
Global Ammunition Market was worth USD 11.8
billion in 2015. It is anticipated to grow at a
CAGR exceeding 2 from 2016 to 2024 (forecast
period). Soaring military expenditures by various
governments is the chief growth driver.
Countries such as China, India, Israel and the
U.S. are implementing stockpiling and
modernization programs. Mexico and Brazil are
arming their police personnel with the latest
weaponry. Upgrading military weapons requires
higher allocation of funds for ammunition. This
is expected to have a positive effect on market
growth. Technological advancements such as smart
weapons in developed regions could also propel
the ammunition industry.
High expenditure on research development of
non-lethal ammunition such as beanbag rounds, wax
bullets, rubber bullets, plastic bullets, etc.
for use by the police force should fuel market
demand. Surging demand for ammunitions will
create new market segments in the coming years,
owing to robust demand from personal security and
riot control units. Popularity of hunting as a
sport leisure activity will drive the global
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However, demand in developed nations is declining
owing to insufficient defense budgets. The U.S.
along with many European nations have taken steps
to de-militarize themselves, in the aftermath of
prolonged wars in Afghanistan and Iraq. This
along with the global economic turmoil could
inhibit market growth throughout the forecast
The global ammunition market can be segmented on
the basis of products, applications, and regions.
As per products, the ammunition market is divided
into bullets, mortar, rocket and others. The
segment for bullets reigned in 2015, holding over
54 of the total market share. This segment
mainly includes small caliber bullets that are
used in civil applications. Revolvers, pistols,
rifles, and shotguns are the most common types of
arms used for civil purposes. Emerging economies
exhibit high demand for personal security from
private end-users. Rockets and mortars are
consumed by the defense and military.
Applications are either civil or defense. Civil
applications include self-defense, law
enforcement, and sports hunting. They accounted
for about 75 of the market revenue in 2015.
Civil uses are deemed to grow at the fastest
pace. This may be attributed to the escalating
demand for small caliber products for sporting,
hunting, and self-defense.
Main geographical segments include North America,
Asia Pacific, Europe, Latin America and MEA (the
Middle East Africa). Asia Pacific was the
largest regional market in 2015. It is likely to
grow at a CAGR of 4.6 throughout the forecast
period. Terrorist hot-spots such as India call
for initiatives to strengthen the defense system.
This will fuel the demand for ammunitions.
North America, particularly the U.S., should grow
rapidly till 2024. This is primarily due to
burgeoning demand in self-defense and shooting
game applications. The U.S. is a large production
hub and also a huge consumer of arms and
ammunition. It accounts for 36 of the total
global spending on weapons and ammunition. Civil
unrest and conflicts in Libya and Syria are said
to favor growth of the African market in the
forthcoming period.
The worldwide ammunition market is greatly
fragmented. A large number of participants are
present in Europe and North America. Some of the
prominent ones are Ruag Ammotech, Magtech
Ammunition Co., BAE systems, Olin Corporation and
Remington Arms Company Inc. The market is
characterized by widespread mergers and
acquisitions with an aim to stay competitive and
ensure profitability. Consolidation also
solidifies the market position of vendors.
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Table of Content of Ammunition Market
1. Methodology Scope 1.1 Research
Methodology 1.2 Research Scope Assumptions 1.3
List of Data Sources
2. Executive Summary
2.1 Industry Summary of Ammunition Market
3. Industry Outlook
3.1 Ammunition Market Segmentation 3.2 Ammunition
Market Size and Growth Prospects 3.3 Ammunition
Market Dynamics 3.4 Key Opportunities
Prioritized 3.5 Industry Analysis - Porter's 3.6
Market Share Analysis
3.7 Market PESTEL Analysis, 2016
4. Application Framework
4.1 Ammunition Market share by application, 2016
5. Regional Outlook 5.1 North America
5.2 Europe
5.3 Asia Pacific
5.4 Latin America
5.5 MEA (Middle East and Africa) 5.6 RoW (Rest of
the World)
6. Competitive Landscape 6.1 Orbital ATK Inc.
6.1.1 Company Overview 6.1.2 Financial
Performance 6.1.3 Product Benchmarking 6.1.4
Strategic Initiatives
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6.2 Nammo AS
6.2.1 Company Overview 6.2.2 Financial
Performance 6.2.3 Product Benchmarking 6.2.4
Strategic Initiatives 6.3 Olin Corporation
6.3.1 Company Overview 6.3.2 Financial
Performance 6.3.3 Product Benchmarking 6.3.4
Strategic Initiatives 6.4 General Dynamics
Corporation 6.4.1 Company Overview 6.4.2
Financial Performance 6.4.3 Product
Benchmarking 6.4.4 Strategic Initiatives 6.5
Remington Arms Company 6.5.1 Company
Overview 6.5.2 Financial Performance 6.5.3
Product Benchmarking 6.5.4 Strategic Initiatives
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About Us
Hexa Research is a market research and consulting
organization, offering industry reports, custom
research and consulting services to a host of key
industries across the globe. We offer
comprehensive business intelligence in the form
of industry reports which help our clients obtain
clarity about their business environment and
enable them to undertake strategic growth
Contact Us
Ryan Shaw
Hexa Research
Felton Office Plaza
6265 Highway 9
Felton, California 95018 United States
Phone 1-800-489-3075 Email sales_at_hexaresearch.c
om Website - https//
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