Advanced Materials Industry Global Ammunition Market Share 2024

Your Catalyst To a Lucrative Business
Ammunition Market Analysis, Size, Share, Growth, Industry
Trends and Forecasts, 2016 to 2024 - Hexa Research
" According to a recent study by 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 pro pel 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 market.
Browse Details of Report @ https://www.hexaresearch.com/research-report/ammunition-market
Follow Us: