Ammunition Market Analysis, Manufacturing Base and Growth
Opportunities Forecasts To 2024
“The Global Ammunition Market size was estimated at USD 11.74 billion in
2015 and is anticipated to experience a noteworthy growth in the near future
owing to the rising security concerns caused by the upswing in terrorist
groups and activities.”
Industry Insights
The Global Ammunition Market size was estimated at USD 11.74 billion in 2015 and is anticipated to experience
a noteworthy growth in the near future owing to the rising security concerns caused by the upswing in terrorist
groups and activities. Arms race has been observed in the developing economies of Pakistan, China and India
which is presumed to thrust the demand over the forecast period.
The market has been segmented into different products that primarily consist of rockets, bullets, mortars and
others. Civil & defense are the two end-use segments included in the study. Political differences along with the
rising tension across borders is resulting in the rise in stacking of armories.
According to the latest statistics published by Stockholm International Peace Research Institute (SIPRI), China,
Saudi Arabia, Russia, and the U.S were the foremost nations having highest expenditure on armories. The
majority of the share was captured by the U.S with 36%, followed by China with a share of 13% in 2015.
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Rising inclination towards hunting and sports activities has enhanced ammunition market. In terms of exports,
the U.S is amongst the major exporter of weapons and armories across the globe. The U.S armory industry is a