Increasing terrorist activities, coupled with arms race amongst emerging economies in the recent past is projected to fuel industry growth over the next eight years.
Civil and defense are the two key end-uses in the market. The civil end-use is further segmented into law enforcement, self-defense, and sports & hunting.
Advancements in Russian and U.S. regional markets coupled with increasing participation in shooting, hunting and sports across the world is influencing the growth of the global ammunition market.
The countries such as China, South Korea, India, France, Saudi Arabia, Germany, Turkey, Israel and South Africa are expected to boost the demand further in the ammunition industry.
However, high costs in research & development and international regulations are expected to hinder the market growth over the forecast period.
Additionally, the demilitarization initiatives adopted across Europe and North America are expected to reduce the demand for ammunition form the military and law enforcement sectors.
However, the impacts of these factors are expected to reduce over the period of forecast.
Browse full research report with TOC on “Ammunition Market, By Product (Bullets, Mortars, Rockets), By End-Use (Civil [Law Enforcement, Self-Defense, Sports & Hunting], Defense) and Segment Forecasts, 2013 – 2024“ at: http://www.grandviewresearch.c
Further key findings from the report suggest:
Browse related reports by Grand View Research:
Grand View Research has segmented the global ammunition market on the basis of product, end-use and region:
About Grand View Research:
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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