The Global Arms & Ammunition Market is forecasted to be worth USD 35.63 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market growth include growing adoption of the Arms & Ammunition for self-defense, rising domestic insurgency & terrorist activities, increasing interest in bird-hunting, usage of the Arms & Ammunition in sports, and availability of the cost effective weapons with ammunition, to name a few.
Besides, extensive rise in the cross-border conflict, broadening the number of armed law enforcement troops & new taskforce battalions, and asymmetric warfare & intercountry border conflicts are some of the additional reasons behind the remarkable growth of the market. Also, reduced manufacturing costs of the guns with the help of 3D printing mechanisms, growing demand for the smart guns, and increasing usage of the polymer in the arms industry are some of the subordinate market propelling factors that create a huge breakthrough in the market growth.
Major Players/Manufacturers profiled in the report are: Smith & Wesson Holding Corp., Freedom Group, Orbital ATK, Sturm, Ruger, & Co., Inc., American Outdoor Brand Corporation, Thales Group, Lockheed Martin, General Dynamics Corporation, Beretta S.p.A., and Raytheon Company, among others.
The Global Arms & Ammunition Market report presents comprehensive information covering insightful data for businesses and investors for the time period of 2017-2027. The report studies the historical data of the Arms & Ammunition market and offers valuable information about the key segments and sub-segments, revenue generation, demand and supply scenario, trends, and other vital aspects. The report offers an accurate forecast estimation of the Arms & Ammunition industry based on the recent technological and research advancements. It also offers valuable data to assist the investors in formulating strategic business investment plans and capitalize on the emerging growth prospects in the Arms & Ammunition market.
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key findings from the report suggest
In November 2019, Nammo declared an acquisition of the Chemring Ordnance which is a subsidiary company of Chemring Group, would help Nammo strengthen its manufacturing capabilities in the United States.
The regions in the Asia Pacific lead by China, India, Pakistan, and South & North Korea are allotting a considerable budget for their defense & law enforcement grooming purposes. Besides, growing incidences of interpersonal stand-offs, asymmetric warfare, terrorist activities, domestic violence, along with higher economic development and enhancement in the manufacturing industry, deliberately help propel market enforcement.
The polymer sub-segment is growing with the fastest CAGR of 6.3% owing to its higher efficiency in the manufacturing with 3D printing techniques and reduction in the overall costing with higher applicability in the sports and hunting purposes.
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For the purpose of this report, Emergen Research has segmented into the global Arms & Ammunition Market on the basis of Type, End Users, Caliber, Technology, Lethality, Component, Materials Used, and Region:
Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Arms
Pistols
Revolvers
Rifles
Machine Guns
Shotguns
Carbines
Others
Ammunition
Bullets
Aerial Bombs
Grenades
Artillery Shells
Mortars
Launchers
Others
End Users Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Military
Law Enforcement
Hunting
Sports
Self-defense
Caliber Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Small
9mm
56mm
62mm
7mm
.338 Lapua Magnum
.338 Norma Magnum
5mm
Others
Medium
20mm
25mm
30mm
40mm
Others
High
60mm
81mm
120m
155mm
Others
Technology Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Guided
Unguided
Lethality Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Lethal
Less-lethal
Component Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Fuzes & Primers
Propellants
Bases
Projectiles and Warheads
Others
Materials Used Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
Steel
Aluminum
Polymer
Others
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
The subject matter experts conducting the study offer a deep understanding of how prominent leaders have managed to navigate the potential buyers and competitive dynamics influencing their brand positioning in the industry The Arms Ammunition market analysis provides everything a business owner needs in order to succeed.
Key Questions Answered in the Report:
What is the growth rate of the Arms & Ammunition Market? What is the anticipated market valuation of the Arms & Ammunition industry by 2027?
What are the key growth driving and restraining factors of the Arms & Ammunition Market?
Who are the prominent players operating in the market? What are the key strategies adopted by these companies?
What are the key opportunities and growth prospects of the Arms & Ammunition industry over the forecast period?
Which region is expected to show significant growth in the coming years?
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Finally, all aspects of the Arms & Ammunition Market are quantitatively as well qualitatively assessed to study the global as well as regional market comparatively. This market study presents critical information and factual data about the market providing an overall statistical study of this market on the basis of market drivers, limitations and its future prospects
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