Ammunition Market revenue to cross USD 43 Bn by 2030, Says Global Market Insights Inc.

Major ammunition market players include Ruag Ammotech, Global Ordnance, Northrop Grumman Corporation, CCI, BAE Systems, Elbit Systems Ltd., Magtech, NAMMO AS, Denel and Nexter Group.

Selbyville, Del., August 8, 2022 /PRNewswire/ — The ammunition market size is expected to register a valuation of $43 billion by 2030 as reported in a Research study by Global Market Insights Inc. The rise in terrorism, escalating international conflicts and rising demand for recreational shooting will drive the market expansion. Popular national and global sporting competitions, including pistol and rifle shooting, will sustain the need for small firearms and ammunition. Increasing investment in the development of advanced military weapons will boost production of modern artillery products.

The report also identifies the restraints affecting the industry such as: B. A growing focus by regional governments on enacting strict gun laws. In 2021, the UK government tightened its firearms laws and introduced additional safety measures. It provided comprehensive guidelines for police to follow when reviewing gun license applications. Similar efforts to restrict gun ownership and curb gun violence in other countries may hamper market growth to some extent.

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It is expected to reach the large caliber ammunition market $8 billion by 2030. Military equipment such as tanks, machine guns on aircraft and ships, mobile combat vehicles, etc. usually require large caliber ammunition. As nations increase spending on expanding ground and sea defense forces, demand for ammunition products will increase. For example in January 2022the Australian government confirmed that it will spend more than $2.5 billion to buy 120 armored vehicles, including tanks, from the US in July, Poland also signed an agreement to purchase more than a hundred used vehicles Abraham tank while trying to replace the donated T-72 tanks Ukraine to tackle Russia Invasion.

Latin America The ammunition market is expected to grow by 4.5% by 2030. Most countries in the region issue gun permits to citizens, which are subject to specific regulations. Anyone between the ages of 18 and 21 can apply for a firearms license Mexico and Argentinalinked to the fulfillment of other strict conditions. Brazil, one of the region’s largest economies, has a strong domestic arms sector. It also manufactures and exports defense products such as fighter jets and small firearms. In the eight months of 2021, the country exported around $1.35 billion Value of military equipment and systems.

Some of the major companies operating in the ammunition market are Ruag Ammotech, Global Ordnance, Northrop Grumman Corporation, CCI, BAE Systems, Elbit Systems Ltd., Magtech, NAMMO AS, Denel and Nexter Group. The study examines prominent strategies used by market participants to expand their global reach, including product developments, mergers and acquisitions, and government contracts.

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Table of Contents (ToC) of the report

Chapter 2 summary

2.1 Munitions Industry 360⁰ Synopsis, 2018 – 2030

2.1.1 Business Development

2.1.2 Caliber Trends

2.1.3 Application Trends

2.1.4 Regional trends

Chapter 3 Ammo Market Insights

3.1 Industry Segmentation

3.2 Industry Ecosystem Analysis

3.3 Defense Spending by Country, 2021

3.4 Technology and innovation landscape

3.5 Impact Forces of Industry

3.5.1 Growth Drivers

3.5.2 Pitfalls and Challenges of the Industry

3.6 Regulatory trends

3.7 Growth Potential Analysis, 2021

3.8 Competitive Landscape

3.9 Porter’s analysis

3.10 PESTEL Analysis

About Global Market Insights Inc.

Global Market Insights Inc. headquartered in Delaware, United States, is a global market research and consulting services provider offering syndicated and custom research reports along with growth advisory services. Our business intelligence and industry research reports provide clients with penetrating insights and actionable market data specifically designed and presented to support strategic decision-making. Developed using a proprietary research methodology, these comprehensive reports are available for key industries such as chemical, advanced materials, technology, renewable energy and biotechnology.

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Global Market Insights Inc.
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SOURCE Global Market Insights Inc.