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Ammunition Market

Ammunition Market by Application (Defense, Civil & Commercial), By Caliber (Small, Medium, Large), By Product (Bullets, Aerial Bombs, Artillery Shells, Mortars), By Component, By Guidance Mechanism, By Lethality (Lethal, Less-lethal), and By Region | Global Market Forecast to 2022-2028

Report Id: SNS/A&D/1101 | May 2022 | Region: Global | 125 Pages

Report Scope & Overview:

Ammunition Market size is expected to grow from USD 20.4 billion by 2020 to USD 27 billion by 2028, at a CAGR of 3.6% from 2020 to 2028. incidents of drug trafficking, as well as terrorist activities, as well as the improvement of armed forces, are factors that contribute to the growth of the stock market.

Bullets are something that can be shot at a weapon, such as bombs and bullets. Includes propellant, projectile, and propellant flammable primer. It is manufactured using a variety of materials such as iron, copper, and others. Small and medium-sized projectiles are mainly used for human use, such as shooting and defense games. The large-scale projectile is widely used in military operations with a club size from 50mm to 240mm.

Ammunition Market Revenue Graph

Increased purchases of weapons by the security forces, border guards, and local security forces, as a result of increasing terrorist activity, political unrest, and political instability are driving the market. In addition, the growing demand for caliber projectile generated by citizens and the Department of Homeland Security due to low risk will boost the market growth.

KEY DRIVERS:

The growing incidence of international and international conflicts has prompted a number of countries to develop their military capabilities through the acquisition of advanced ammunition and equipment. Modernization is practiced in many emerging economies in the world, including Russia, China, Turkey, India, and Saudi Arabia. As a result, the protection costs of grain purchases and R&D activities have grown significantly worldwide over the past few years. These countries spend a lot of money on military development programs to improve and develop their skills to monitor and improve their fire-fighting equipment in terms of distance, accuracy, mobility, and risk, scope and accuracy are key conditions for the purchase of ammunition. These modern operations are one of the most important ways to drive low-level ammunition and the need for guns. Increased training costs for major economies, as well as emerging economies, also increase the use of small letters. The social need for countries like China, India, and South Korea to prepare for war has led to a massive purchase of advanced ammunition, including small arms, and other advanced military equipment. For example, China Ordnance Industries has developed a new rifle known as the QBZ-95, which is reported to be more reliable and accurate, and less detrimental. This gun is a new military weapon of the Chinese military.

 Also, starting in 2018, the Indian Defense Forces Council canceled the purchase of the LMG Negev 7.62x51mm for use by the Indian Army, Air Force, and Navy. Expected to increase killings This LMG will replace the 5.56x45mm INSAS LMG and military rankings. Other significant military initiatives have been observed in Russia, Brazil, and several European Union countries. The growing demand for large infantry, which is also an important part of modern military systems, is another major factor driving the demand for ammunition worldwide.

RESTRAINTS

Economic, legal, and political systems vary from country to country, resulting in different laws governing weapons, ammunition, and other military items. This is one of the major factors affecting key players in the stock market, such as General Dynamics (US), Rheinmetall AG (Germany), and BAE Systems (UK). These players are expected to fully comply with the laws and regulations of their respective countries as well as those of foreign governments as failure to comply with laws affects sales, revenue, and profit margins and may invite administrative and criminal activities. Regulations often influence the contractual and procurement processes of several countries.

The following are some of the most common conflicting gun-related laws in the US:

Strict controls in the construction, transfer, and handling of certain low-level characters, such as .50 caliber, to ensure public safety.

Collection of ammunition to assist law enforcement agencies in solving gun-related crimes

Various international regulations include export controls, technology transfers, and anti-corruption laws. Failure to comply with these rules could adversely affect the performance of market players, thereby reducing global market revenue. Differences in the laws of different countries are driven by many economic, legal, or political factors, thus hindering the growth of the stock market. For example, gun laws in the US and India are different, with India having stricter laws and regulations governing gun control compared to the US.

OPPORTUNITIES

One of the biggest challenges in the ammunition industry is the development of lightweight ammunition that does not compromise military performance and accuracy. Modern systems adopted by several countries to empower their military and law enforcement agencies have resulted in a dramatic increase in bullet weight. The combined weight of the equipment prevents workers from speeding up and succeeding. Therefore, law and defense institutions are now focusing on acquiring lightweight ammunition.

In the Navy League's Sea, Air, Space Exposition (April 2017), the General Director of the US Marine Corps Systems Command stated that "the military is focused on reducing the burden of troops accompanying the war." Marines tested polymer-caliber .50 caliber bullets, and in a .50-caliber bullet palette, about 1,000 pounds could be saved. The U.S. military has been keen to reduce the number of bullets in a decade. LSAT bullets with a telescoped-telescoped 5.56mm rely on a polymer case rather than copper to hold propellant and propellant, like a conventional shotgun shell. It weighs about 37% less than the standard 5.56mm belt. In line with this, the US Marine Corps has awarded a contract worth USD 10 million for new .50 caliber polymer grains to MAC LLC, a Mississippi-based company.

CHALLENGES

Information on the flow of letters around the world is difficult to obtain. According to the UN Disarmament News Agency, "More than 80% of arms sales appear to be without reliable export data". Conflict Armament Research (CAR) classifies the causes of weapons diversification into

six stages:

  1. Battlefield Shooting (29%)
  2. Poorly managed national stocks (11%)
  3. Government-sponsored segregation when the State supports the diversion of weapons by unauthorized users (23%)
  4. Loss in State maintenance for unknown reasons (28%)
  5. State collapse where states lose or withdraw their control over the collections (4.5%)
  6. Unknown causes (4%)

Teams of UN peacekeepers in recent years have noted that the lack of response systems has been a factor in the diversion of ammunition. Thus, the proliferation of illegally produced ammunition is a major issue that threatens the security of various countries around the world. Includes the production or assembly of ammunition, explosives, and other related items from parts that may be illegally smuggled or that have no markings from government officials. Such illegally produced coins are often smuggled and smuggled across international borders. Not only can it be a source of terrorist acts but it can also change branded characters instead of other applications, adversely affecting the need for branded characters. Lack of effective asset management and security in peacekeeping operations is also a major factor. Monitoring of weak assets and reporting mechanisms leads to cross-border trafficking, thus creating market challenges.

Market Divisions

Part of Caliber

Based on caliber, the market is divided into small, medium, and large. Among these, a large portion of the ammo has a large market share. Rising threats from terrorist organizations, growing political infighting, and rising defense costs are key factors driving the growth of this sector.

A small fraction of the caliber is estimated to indicate significant growth during the forecast period. Growth is due to the increasing use of the lesser type of handguns and shotguns. In February 2020, firearms sales in the US reached a record high due to the COVID-19 epidemic. Ammo.com, a U.S. online retailer, saw a 68% increase in purchases in just 11 days. The medium-caliber component will show moderate growth during the forecast period due to the growing need for military military operations.

By Application

Based on the application, the market is divided into military and national security as well as social and commercial. The military and national security component is expected to hold the largest market share in the global market at the time of forecasting. This growth is due to the growing demand for ammunition from the military due to political unrest, border crossings, and military development programs in various countries around the world.

The social and commercial sectors will reflect significant market growth. The growth was due to an increase in demand for personal safety guns, a rapid increase in shooting spaces, and an increase in the popularity of shooting sports.

By Product

By product, the market is divided into ammunition, aerial bombs, bombs, mud, weapon shells, and more. The stock segment holds the largest market share and will continue to dominate during the forecast period. The growth was due to increased defense costs, rising political tensions, and improved product development. The aerial and landmines will show significant growth in this market due to the increase in contracts from the defense force, raising concerns about security issues, and the strengthening of the military. In April 2019, Boeing signed a USD 65 million contract with the United States Air Force (USAF) to supply small arms of diameter I.

Cement and armor shells will show moderate growth due to the growing demand for mud projects used in the military. In December 2018, NIOA signed a three-year contract with the Australian defense force worth USD 81.6 million to provide 81mm live and training ammunition.

By Component

Based on the components, the market is divided into models with primers, guns, cases, projectiles and warheads, and others. Part of the case holds a large and significant share of this market. The cartridge case is made of copper, aluminum, metal, or plastic. The copper case is very popular and easy to make. Some handgun case cases are nickel-plated to withstand corrosion and resilience. In September 2018, Armtec Defense Products signed a contract with the U.S. Army. costing USD 35.9 million to produce and ship M231 / M232 flammable case cartridges.

The fuze and primer component will show significant growth during forecasting due to the increasing demand for low-cost ammo rimfire starters and high acceptance of centrefire startups for military use. In addition, the increased use of time fuze in large ammo will enhance the growth of this phase. The development of different types of projectiles will enhance the growth of the projectile and warhead parts.

By Guidance

Under direction, the market is divided into regulatory and non-regulatory. The undirected segment holds the market share of the largest stocks. The growth is due to the increasing use of conventional non-target projectiles in military operations around the world.

The targeted segment will reflect rapid growth during forecasting due to the growing demand for precision-oriented projects around the world. In April 2019, Elbit Systems signed a USD 30 million contract with Asia Pacific to supply its mud-powered weapons (GMM), STYLET. In 2017, BAE Systems and Leonardo formed a joint venture with new precision-directed weapons systems for major U.S. weapons systems. and soldiers allied with armed forces.

Growing Demand for Non-lethal Characters from Legal Entities to Promote Partial Growth

By murder, the market is divided into lethal and non-lethal. The lethal component has the largest market share. Lethal ammo is used by individuals by obtaining permits from the appropriate authorities. The most dangerous part will show significant growth during the forecast period due to increased demand from law enforcement agencies and the military. Non-killers use rubber bullets, plastic bullets, round bean bags, explosive rounds, smoke detectors, and more. They are often used for riots and mob violence. Technological advances, including the discovery of a number of different chemicals, such as smoke bombs, pepper balls, and the like, have been set to contribute to partial growth.

THE IMPACT OF COVID-19

The COVID-19 epidemic has had a profound effect on the global economy. Global production of characters, parts and lines of integration has had an impact. Although the production of military application ammunition is very important, disruptions in the supply chain have pushed back their current production. The resumption of production and demand for grain depends on the level of exposure of COVID-19 the country is facing, the level at which production activities operate, and the regulations for exporting grain, among other factors. While companies may still take orders, delivery schedules may not be adjusted.

Various countries have decided to reduce the defense budget. According to industry experts, the defense departments are focusing on the most important areas of national security, and research budgets and non-essential sectors are likely to be cut short. However, countries such as the US, China, and other European countries have increased their planned defense spending during this period, as opposed to Latin America and Africa.

According to industry experts, the demand for ammunition is not expected to be significantly affected as ammunition is an important part of the advanced military. However, according to the International Monetary Fund, global GDP is expected to fall by about 3.0% by 2020. This will have a negative impact on tax revenue. When taxes dropped, governments were put under tremendous pressure; its effect will be seen in the years to come. With all the original international budgets announced, voted on, and approved by 2020 before the epidemic, not a single budget is available to address the economic impact of COVID-19. It is estimated that budget cuts and actual impact will only reflect once the 2021 budget framework has been released.

Competitive Landscape

The grain market is divided, with the presence of a few international and local companies producing grain. However, the market is largely dominated by major international players such as BAE Systems, Rheinmetall, General Dynamics, and RUAG, with the rest of the market being dominated by players from several home defense industry players. To meet the need for the future, companies are involved in research and development of new and improved weapons that will allow users to use fire and forget about weapon types and increase weapon killing and impact area. Some of the weapons suppliers are working to expand the range of weapons and the area that contributes to the preparation of future weapons programs and interconnected wars. Countries are investing heavily in developing their domestic grain production skills. Players are expected to benefit from the unique early explosive development programs and domestic production capabilities in each major purchasing country, as these countries work to develop traditional models that will be used locally and globally and gain market share gradually but steadily.

KEY MARKET SEGMENTS:

By Application

  • Defense

  • Military

  • Homeland Security

  • Civil & Commercial

  • Sporting

  • Hunting

  • Self-defense

  • Others

By Caliber

  • Small

  • Medium

  • Large

By Product

  • Bullets

  • Aerial Bombs

  • Grenades

  • Artillery Shells

  • Mortars

By Component

  • Fuzes & Primers

  • Propellants

  • Bases

  • Projectiles and Warheads

  • Others

By Guidance Mechanism

  • Non-guided

  • Guided

By Lethality

  • Lethal

  • Less-lethal

Ammunition Market Segment Chart

REGIONAL COVERAGE:

North America

  • USA

  • Canada

  • Mexico

Europe

  • Germany

  • UK

  • France

  • Italy

  • Spain

  • The Netherlands

  • Rest of Europe

Asia-Pacific

  • Japan

  • South Korea

  • China

  • India

  • Australia

  • Rest of Asia-Pacific

The Middle East & Africa

  • Israel

  • UAE

  • South Africa

  • Rest of Middle East & Africa

Latin America

  • Brazil

  • Argentina

  • Rest of Latin America

Ammunition Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 20.4 Billion
Market Size by 2028 US$ 27 Billion
CAGR CAGR of 3.6% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
Report Scope & Coverage Market Size, Segments Analysis, Competitive  Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook
Key Segments • by Application (Defense, Military, Homeland Security, Civil & Commercial, Sporting, Hunting, Self-defense, Others)
• By Caliber (Small, Medium, Large)
• By Product (Bullets, Aerial Bombs, Artillery Shells, Mortars)
• By Lethality (Lethal, Less-lethal)
• By Component (Fuzes & Primers, Propellants, Bases, Projectiles and Warheads, Others)
• By Guidance Mechanism (Non-guided, Guided)
Regional Analysis/Coverage North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
Company Profiles BAE Systems, Rheinmetall, General Dynamics, and RUAG
Key Drivers • The growing incidence of international and international conflicts has prompted.
RESTRAINTS • Economic, legal, and political systems vary from country to country, resulting in different laws governing weapons, ammunition, and other military items.


Frequently Asked Questions (FAQ) :

According to SNS insiders, the Ammunition Market size was USD 21 billion in 2022 and is expected to reach USD 27 billion by 2028 with a CAGR of  3.6% over the forecasted period.

The growing incidence of international and international conflicts has prompted a number of countries to develop their military capabilities through the acquisition of advanced ammunition and equipment. Modernization is practiced in many emerging economies in the world, including Russia, China, Turkey, India and Saudi Arabia. As a result, the protection costs of grain purchases and R&D activities have grown significantly worldwide over the past few years.

North American countries are issuing a lot of contracts to significant participants in the ammunition industry for ammunition distribution, driving the region's ammunition market growth.

One of the biggest challenges in the ammunition industry is the development of lightweight ammunition that does not compromise military performance and accuracy. Modern systems adopted by several countries to empower their military and law enforcement agencies have resulted in a dramatic increase in bullet weight.

Yes, this report cover top down , bottom up Quantitative Research. Qualitative Research, Fundamental Research, data triangulation, ID’s & FGD’s  Analytical research, And other as per report requirement.


Table of Contents
 

1. Introduction
1.1 Market Definition 
1.2 Scope
1.3 Research Assumptions
 
2. Research Methodology
 
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
 
4. Impact Analysis
4.1 COVID 19 Impact Analysis
4.2 Impact of Ukraine War

5. Value Chain Analysis
 
6. Porter’s 5 forces model
 
7.  PEST Analysis
 
8. Ammunition Market, By Product
8.1 Bullets
8.2 Aerial Bombs
8.3 Grenades
8.4 Artillery Shells
8.5 Mortars

9.  Ammunition Market, By Application
9.1 Defense
9.2 Military
9.3 Homeland Security
9.4 Civil & Commercial
9.5 Sporting
9.6 Hunting
9.7 Self-defense
9.8 Others

10.  Ammunition Market , By Caliber
11.1  Small
11.2 Medium
11.3 Large

11. Ammunition Market, By Component
11.1 Fuzes & Primers
11.2 Propellants
11.3 Bases
11.4 Projectiles and Warheads
11.5 Others

12. Ammunition Market, By Guidance Mechanism
12.1 Non - guided
12.2 Guided

13. Ammunition Market, By Lethality
13.1 Lethal
13.2 Less-Lethal

14. Regional Analysis
14.1 Introduction
14.2 North America
14.2.1 USA
14.2.2    Canada
14.2.3    Mexico
14.3    Europe
14.3.1    Germany
14.3.2    UK
14.3.3    France
14.3.4    Italy
14.3.5    Spain
14.3.6    The Netherlands
14.3.7    Rest of Europe
14.4    Asia-Pacific
14.4.1    Japan
14.4.2    South Korea
14.4.3    China
14.4.4    India
14.4.5    Australia
14.4.6    Rest of Asia-Pacific
14.5    The Middle East & Africa
14.5.1    Israel
14.5.2    UAE
14.5.3    South Africa
14.5.4    Rest
14.6    Latin America
14.6.1    Brazil
14.6.2    Argentina
14.6.3    Rest of Latin America

15. Company Profiles
15.1 HITACHI LTD.
15.1.1 Financial
15.1.2 Products/ Services Offered
15.1.3 SWOT Analysis
15.1.4 The SNS view
15.2 AB VOLVO
15.3 CATTERPILLAR INC.
15.4 CNH INDUSTRIAL N.V
15.5 DEERE AND COMPANY
15.6 DOOSAN INFRACOE CO.LTD
15.7 J C BAMFORD EXCAVATORS. LTD.
15.8 KOMATSU LTD.
15.9 Liebherr-international AG
15.10 XCMG GROUP

16. Competitive Landscape
16.1 Competitive Benchmark
16.2 Market Share analysis
16.3 Recent Developments

17. Conclusion
 

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Secondary Research

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