Global Ammunition Market Report, published by Variant Market Research, forecast that the global market was valued at$15.6 Billion in 2016 and is expected to reach $25 Billion by 2024, growing at a CAGR of 6.0% from 2016 to 2024. In geographical segments, Asia Pacific and North America are expected to grow at a CAGR of 6.8% and 6.1%, respectively, during the forecast period 2016-2024.
Get Full Access to This Report @ https://www.variantmarketresearch.com/report-categories/defense-aerospace/ammunition-market

The key factors driving the global ammunition market are increasing threats from terrorist activities, increased expenditure by government on military ammunition, and geopolitical disputes. Rising participation in activities such as hunting and sports and increasing demand for ammunition used for training in several armed forces are expected to generate various growth opportunities for the market in the forecast period.

The global ammunition market is primarily categorized into type, caliber, and applications. Type segment includes full metal jacketed, tracer, armor piercing, incendiary, and others. The segmentation by caliber comprises of small caliber, medium caliber, artillery ammunition, mortar ammunition, and shotgun shells. Furthermore, the segmentation by applications is given as military, commercial, and law enforcement.

By type, full metal jacketed segment held the major share with 47.5%, a common bullet type that is used for target shooting at ranges by shooters and hunters, trailed by tracer with 14.7%, in 2016. In 2016, by caliber segment, small caliber accounted for 28.3% of the total market share, closely followed by artillery ammunition for 26.3%. By applications, military held for almost half of total market share in the global ammunition market, owing to, terrorist attacks, ceasefire violations, cross border clashes and among others, which is followed by law enforcement with 25.3% of the total share in 2016.
Get Table of Content (TOC) @ https://www.variantmarketresearch.com/report-categories/defense-aerospace/ammunition-market/toc

North America, Europe, Asia-Pacific and rest of the world (RoW) are the chief geographical segment of the global ammunition market. Where, Asia-Pacific is the fastest growing region with respect to CAGR in the global market, and is anticipated to endure this trend, driven by rising presence of terrorism, increasing defense budget, and increased participation in sports activities. The largest share of the market with 30.78% was occupied by Europe, trailed by North America with 30.5%, in 2016.

The key market players include General Dynamics Corporation, Hornady Manufacturing Company, Inc., RUAG Holding A.G., Fiocchi Munizioni S.p.A., Orbital ATK Inc., BAE Systems, Nammo AS, Maxam, Olin Corporation, Federal Premium Ammunition, Remington Arms Company, Inc., and Remington Arms Company.
Click Here to Request a Free Sample PDF of This Report @ https://www.variantmarketresearch.com/report-categories/defense-aerospace/ammunition-market/sample-request
Scope of Ammunition Market
Type Segments
• Full Metal Jacketed
• Tracer
• Incendiary
• Armour Piercing
• Others
Caliber Segments
• Small Caliber
• Medium Caliber
• Mortar Ammunition
• Artillery Ammunition
• Shotgun Shells
Application Segments
• Military
• Law Enforcement
• Commercial
Geography Segments
• North America
o US
o Canada
o Mexico
• Europe
o Russia
o U.K.
o Germany
o France
o Italy
o Others
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Others
• RoW
o South America
o Middle East
o Africa
About Variant Market Research
Variant Market Research offers syndicated and customized reports to fulfill clients' objectives. We also provide customized data pack proposing market sizing in an Excel/PDF/PowerPoint or Word format as per the requirement of clients. We cover several industry domains, namely Semiconductor & Electronics, Consumer Electronics, Information and Communication Technology, Automotive, Consumer Goods, Food & Beverages, Pharmaceuticals, Medical Devices, Chemicals, Industrial, Mining Equipment, Automation, Manufacturing, Construction, Energy & Power, Defense & Aerospace and Banking, Financial services and Insurance (BFSI). Our expertise are data triangulation, competitor benchmarking, parent market benchmarking, estimating market size and forecast of the market from 2016 to 2024.
For further information, visit https://www.variantmarketresearch.com
You can connect with us on LinkedIn here @ https://www.linkedin.com/company/variant-market-research

Contact Us:
Michael Mendes
Head - Sales
Variant Market Research
649 Mission St, 5th Floor, San Francisco,
CA 94105,United States.
Tel: +1-415-680-2785
Fax: +1-415-680-2786
Email: [email protected]
Email: [email protected]