The global ammunitions market is
witnessing significant growth in the past few years due to increasing conflicts
abroad and rise in domestic crime rates. Modernization in the army equipments
in developed and developing economies is also expected to drive the growth of
the global ammunitions market. The need for maintaining a professional army and
their training requirement has led to the growth in demand for ammunition.
Additionally, development in technology and the need to reduce collateral
damage and reduce civilian casualties in war has resulted in the growing demand
for sophisticated precision guided munitions. Increasing investments in
ammunitions by Russia, Middle East, and Asian nations is expected to boost the
ammunitions market; however, end of conflict and removal of troops from
Afghanistan, and troop size reduction is expected to reduce the requirement for
ammunition.
The high cost associated with maintaining
and running a product line in a profitable way, while investing in new
technology and maintaining a skilled workforce for meeting customer demands, is
the major challenge faced by this industry. The global ammunitions market is
segmented depending on ammunition type as large caliber ammunition, medium
caliber ammunition, small caliber ammunition, artillery ammunition, and mortar
ammunition. Product segments of ammunition market include – bombs, missiles,
heavy military vehicles, small arms, and other ammunitions.
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Decrease in the defense budgets in
most western countries is expected to impact the ammunitions market. This has
forced the ammunition industries in the west to look for other potential
markets to offset the decrease in demand. The ammunitions industry is
fragmented as most countries are maintaining their own manufacturing
capabilities to help them in maintaining strategic autonomy in decision
making.
Some of the major players engaged in
the manufacturing of ammunitions include Alliant Techsystems Inc. (ATK),
Freedom Group Inc, General Dynamics, Rheinmetall Defence, BAE Systems, and
Nexter among others.
This research report analyzes this
market depending on its market segments, major geographies, and current market
trends. Geographies analyzed under this research report include
- North America
- Asia Pacific
- Europe
- Rest of the World
This report provides comprehensive
analysis of
- Market growth drivers
- Factors limiting market growth
- Current market trends
- Market structure
- Market projections for upcoming years
This report is a complete study of
current trends in the market, industry growth drivers, and restraints. It
provides market projections for the coming years. It includes analysis of
recent developments in technology, Porter’s five force model analysis and
detailed profiles of top industry players. The report also includes a review of
micro and macro factors essential for the existing market players and new
entrants along with detailed value chain analysis.
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