The Global Arms & Ammunition Market is forecasted to be worth USD 35.63 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market growth include growing adoption of the Arms & Ammunition for self-defense, rising domestic insurgency & terrorist activities, increasing interest in bird-hunting, usage of the Arms & Ammunition in sports, and availability of the cost effective weapons with ammunition, to name a few.
Besides, extensive rise in the cross-border conflict, broadening the number of armed law enforcement troops & new taskforce battalions, and asymmetric warfare & intercountry border conflicts 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.
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Further key findings from the report suggest
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 incidences of interpersonal stand-offs, asymmetric warfare, terrorist activities, domestic violence, along with higher economic development and 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.
The report offers a comprehensive overview of the global Arms Ammunition market scenario pertaining to market value, volume, production and consumption rates, and market segmentation based on types, regions, and applications.
The global Arms Ammunition market has been categorized on the basis of key geographical regions into North America, Asia Pacific, Europe, Latin America, and Middle East & Africa. It evaluates the presence of the global Arms Ammunition market in the major regions with regards to market share, market size, revenue contribution, sales network and distribution channel, and other key elements.
The segmentation of the market is done on the basis of product types, application spectrum, and the key regions of the Arms Ammunition market. Along with this, the report also provides extensive coverage of the key companies and their strategic schemes to gain a substantial market position.
For the purpose of this report, Emergen Research has segmented into the global Arms & Ammunition Market on the basis of Type, End Users, Caliber, Technology, Lethality, Component, Materials Used, and Region:Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027) Arms Pistols Revolvers Rifles Machine Guns Shotguns Carbines Others Ammunition Bullets Aerial Bombs Grenades Artillery Shells Mortars Launchers Others End Users Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027) Military Law Enforcement Hunting Sports Self-defense Caliber Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027) Small 9mm 56mm 62mm 7mm .338 Lapua Magnum .338 Norma Magnum 5mm Others
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Key Questions Addressed in the Report:
Who are the leading players of the Arms Ammunition industry?
Which region is expected to dominate the market in the coming years?
What are the key applications of the Arms Ammunition market?
Which segment is expected to garner traction during the coming years?
Conclusion Of the Report:
To conclude everything stated above, the report offers a panoramic view of the Arms Ammunition market in both the global and regional markets, supported by key statistical data and industry-verified facts. It offers a thorough examination of the size, share, and market volume of the Arms Ammunition industry to forecast the same evaluations until 2028. It also studies and analyzes the different growth prospects and opportunities, along with threats that the players might face in the Global Arms Ammunition Market.
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