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Hunting and Shooting Ammunition Market Size, Share, Growth, Sales Revenue and Key Drivers Analysis Research Report by 2027

The increasing emphasis on self-defense fireamrs training and extensive rise in investment in arms & ammo for the shooting & hunting purposes are the major factors influencing the market growth.

Market Size – USD 1.18 billion in 2019, Market Growth – CAGR of 4.8%, Market Trends – Higher demand for the smart guns & its’ Hunting & Shooting Ammunition

The Global Hunting & Shooting Ammunition Market is forecasted to be worth USD 1.73 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market growth include growing adoption of the hunting & shooting ammunition for bird-hunting, self-defense training, increasing interest & skill development in shooting, usage of the hunting & shooting ammunition in sports, and availability of the cost effective weapons for these ammunition, to name a few.

Besides, the games associated with shooting & snipping using the nonlethal guns & rifles and growing investment in the training & demonstration in defense 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.

The global market landscape of Hunting & Shooting Ammunition is expected to remain in a very competitive and highly fragmented landscape consisting of a number of both the small start-ups, medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in offered products ensure the enormous potential for the innovative players.

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Further 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 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.
  • 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 interest in hunting and shooting skills, and personal defense training, along with higher economic development & enhancement in the manufacturing industry, deliberately help propel market enforcement.

Key players in the market 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.

To know more about the report, visit @ https://www.emergenresearch.com/industry-report/hunting-and-shooting-ammunition-market

For the purpose of this report, Emergen Research has segmented into the global Hunting & Shooting Ammunition Market on the basis of Type, End Users, Caliber, Materials Used, and Region:

  • Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
    • Bullets
    • Artillery Shells
    • Others
    • Total
  • End Users Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
    • Hunting
    • Sports
    • Training
  • Caliber Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
    • Small
      1. 9mm
      2. 56mm
      3. 62mm
      4. 7mm
      5. .338 Lapua Magnum
      6. .338 Norma Magnum
      7. 5mm
      8. Others
    • Medium
      1. 20mm
      2. 25mm
      3. 30mm
      4. 40mm
      5. Others
    • Materials Used Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
      • Steel
      • Aluminum
      • Polymer
      • Others
    • Regional Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)
      • North America
        1. S.
        2. Canada
        3. Mexico
      • Europe
        1. Russia
        2. UK
        3. Germany
        4. France
        5. BENELUX
      • Asia Pacific
        1. China
        2. Japan
        3. India
        4. Pakistan
        5. South Korea
        6. North Korea
        7. Rest of APAC
      • Latin America
        1. Brazil
        2. Rest of LATAM
      • MEA
        1. Saudi Arabia
        2. UAE
        3. Israel
        4. Rest of MEA

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Read Full Press Release @ https://www.emergenresearch.com/press-release/global-hunting-and-shooting-ammunition-market

The post Hunting and Shooting Ammunition Market Size, Share, Growth, Sales Revenue and Key Drivers Analysis Research Report by 2027 appeared first on Market O Graphics.

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