Ammunition Market Size to Reach USD 28.81 Billion in 2027 | Rising Emphasis on Self Defense Among Civilians And Increasing Investment in Arms and Ammunition are Major Factors Driving Industry Growth, says Emergen Research
Key players in the Ammunition 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.
March 10, 2021 15:00 ET
| Source:
Emergen Research
Emergen Research
Surrey, CANADA
Vancouver, British Columbia, March 10, 2021 (GLOBE NEWSWIRE) -- The global ammunition market size is expected to reach USD 28.81 Billion in 2027 and register a moderate CAGR during the forecast period, according to latest analysis by Emergen Research. Some key factors influencing market growth include increasing adoption of arms and ammunition for self-defense, rising incidence of domestic violence and terrorist activities, increasing interest in game hunting, sports and range shooting events and competitions, and availability of more cost-effective weapons and ammunition. Increasing adoption of advanced materials for manufacturing more lightweight weapons and ammunition is expected to open up advantages in terms of more fuel-efficient transportation.