Global Ammunition Market Report, published by Variant Market Research, forecast that the global market was valued at$15.6 Billion in 2016 and is expectedto 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.
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Demand for ammunition for hunting and sports activities would be an opportunity for ammunition market

Major factors driving the global ammunition market aregrowing expenditure by government on military ammunition,increasing threats from terrorist activities, and geopolitical disputes. Rising participation in activities such ashuntingand 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.

Market Segmentations

The global ammunition market has been categorized into type, caliber, and applications. Type segment includes tracer, armor piercing, full metal jacketed, 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.North America, Europe, Asia-Pacific and Rest of the World (RoW) are the key regions covered in the global ammunition market.
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Full metal jacketed dominated the market with largest market share

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%.

Asia-Pacific dominated the market with fastest CAGR
Asia-Pacific is the fastest growing region with respect to CAGR in the global market, and is anticipated to endure this trend,driven byrising 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.North America comprises U.S., Canada, and Mexico.
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Competitive Landspace
The key market players include General Dynamics Corporation, RUAG Holding A.G., Hornady Manufacturing Company, Inc.,Fiocchi Munizioni S.p.A.,Federal Premium Ammunition, BAE Systems, Orbital ATK Inc., Nammo AS, Maxam, Olin Corporation, Remington Arms Company, Inc., and Remington Arms Company.
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.
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