Ammunition Market Research Report and Forecast up to 2021 Ammunition Market Growth, Trends and Forecast

Ammunition Market - Global Industry Analysis,
Size, Share, Growth, Trends and Forecast 2015
- 2021
Global Ammunition Market: Snapshot
Concerns over terrorism are escalating in several regions across the world and
especially in Europe. Terrorist disturbances are growing in count and government
bodies are doing what they can to curb it. This includes increasing expenditure on
ammunitions of all types and calibers. Countries such as South Korea, Indian, China,
and Pakistan are also increasing their spending on ammunition due to disturbances
created by neighboring countries.
A related event is the growing pace of the arms race in countries from the Middle
East and Africa, and Asia Pacific. Several countries from these regions are
strengthening their troop count as well as modernizing their military equipment.
This growing arms race is creating a very high demand for ammunitions, further
driving its global market.
However, the U.S. and several European countries are on their way to steadily
demilitarizing themselves, a move which started after the Iraq and Afghanistan
wars. The demilitarization, coupled with the recent economic meltdown, have
caused North America and Europe to lose share values in the global ammunition
market.
The resultant effect of all the above factors and more can be seen in a predicted
CAGR for the market’s revenue, which is 3.7% from 2015 to 2021. By the end of
2021, the revenue is expected to reach US$14.87 bn.
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APAC and MEA Demand for Ammunitions Increases Rapidly
Although North America and Europe currently hold leading shares in the market
value for ammunitions, their growth rate is expected reduce over the coming years
due to substantial reductions in overall demand. At the same time, the demand for
ammunitions is expected to increase rapidly in Asia Pacific and the MEA region. By
the end of 2021, the share of ammunitions revenue held by Europe will be 31.78%.
At the moment, most of the demand for ammunitions in Europe is coming from the
strengthening of national defense forces to combat the rising waves of terrorism.
Both North America and Europe are currently focusing more on the replacement and