Global Ammunition Market: Market Driver and Restraint
Applications of Ammunition are anticipated to create new business segments in the market. Ammunition is in use for a broad range of Military products such as China-US new military relationship, counter terrorism & others. The companies are focusing on launching products that are launched in few regions. There lies a great opportunity since only a few companies are into this business due to introductory stage of this product market. Ammunition application is developed towards a more active mode.
Manufacturers are exploring the potential of Ammunition in Law Enforcement. Application of Ammunition in competitive sports are gaining traction in the recent years. Recently, manufacturers have started using Ammunition in the Civilian area. Further, there are also potential uses in the areas of Leisure and entertainment.
Global Ammunition Market: Key Takeaways
· On the one hand, Ammunition manufacturers are dedicated to lowering their manufacturing cost; on the other hand, they try to provide more qualified products to customers.
· As major suppliers are seeking acquisition to expand global presence, the market concentration is estimated to increase in the coming 5 years.
Global Ammunition Market: Forecast by Size
This segment includes Small Caliber Ammunition, Medium Caliber Ammunition, etc. In terms of volume, Small Caliber Ammunition segment is expected to remain dominant in the global Ammunition market.
Global Ammunition Market: Forecast by Region
North America, Latin America, Eastern Europe, Western Europe, APEJ, Japan and MEA are the seven regions that are included in this report. North America is the dominant market in the global Ammunition market in terms of value. The North America Ammunition market was estimated to be valued at US$ 2,648 Mn in 2017 and is expected to expand at a value CAGR of 2.8% over the forecast period. The Europe market is expected to expand at a robust rate of 2.3% in terms of revenue over the forecast period due to the steadily increasing production capacity for China-US new military relationship products in this region.
Global Ammunition Market: Key Players
Orbital Atk, Vista Outdoors, Rosoboronexport, Olin Corporation (Winchester Ammunition), Ruag Group (Ruag Ammotec AG), FN Herstal, Nammo, Nexter, BAE Systems, Poongsan Defense, IMI (Israel Military Industries), General Dynamics, Day & Zimmermann, Rheinmetall Defence, Finmeccanica, Bazalt, Zavod Plastmass, etc. are the key vendors included in this report.
The market concentration of Ammunition is medium. The supply and demand relationship in the industry has been stable and modest. Of the 2017 global market, the top 5 companies, account for more than 27.88% of sales. Orbital Atk is by far the leader, followed by Vista Outdoors and Olin Corporation (Winchester Ammunition). Key Vendors like Olin Corporation (Winchester Ammunition), Ruag Group (Ruag Ammotec AG), and FN Herstal, also play important part in regional market, so the market share in each region is quite different.
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