Dublin, Oct. 07, 2022 (GLOBE NEWSWIRE) -- The "Ammunition Global Market Report 2022" report has been added to ResearchAndMarkets.com's offering. The global ammunition market is expected to grow from $23.75 billion in 2021 to $24.54 billion in 2022 at a compound annual growth rate (CAGR) of 3.35%. The ammunition market is expected to grow to $27.77 billion in 2026 at a compound annual growth rate (CAGR) of 3.14%. North America was the largest region in the ammunition market in 2021. Asia Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the ammunition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The growing personal safety concerns and increasing shooting ranges are propelling the growth of the ammunition market. The increasing terrorist activities, mass shootings, increasing gangster activities, and increasing awareness for self-defense are the main reasons for the growing personal safety concerns while the rising awareness about the safe use of guns is the main reason for increasing shooting ranges.
These growing personal safety concerns and increasing shooting ranges have led to the increased procurement of small caliber ammo for personnel safety. For instance, according to a survey commissioned in June 2021 by a nonpartisan American think tank the Pew Research Center, 44% of Republicans and Republican-leaning independents personally own a gun, compared with 20% of Democrats and Democratic leaners. 39% of the men own a gun, compared with 22% of women.
In addition, 41% of adults in rural areas own a firearm, compared to about 29% of those in the suburbs and 2 in 10 in cities. The leading reason for owning a gun and firearm was personal safety or protection. Therefore, increasing prevalence of increasing personal safety concerns and increasing shooting ranges is expected to boost demand for ammunition during the forecast period. The R&D activity to develop advanced ammunition is a key trend in the ammunition market. Key players and related stakeholders are increasingly focusing on research and development activities to advance the ammunition. The rising incidences of armed international conflicts have directed several countries to enhance their military strengths through the procurement of advanced ammunition and equipment.
As a result of this, the defense expenditure for ammunition procurement and R&D activities has increased significantly across the globe over the past few years. For instance, in April 2021, Lonestar Future Weapons, a US-based advanced technology company focused on the manufacture of next-generation defense solutions formed a strategic alliance with a US-based manufacturer of composite-cased ammunition True Velocity to create synergy by utilizing the expertise of both companies in R&D, precision manufacturing, quality control, and production efficiency. The alliance will focus on the research and development of next-generation weapons and ammunition solutions.
The ammunition market consists of sales of ammunition by entities (organizations, sole traders, and partnerships) that refer to materials such as bullets, rockets, bombs, shrapnel, or shells that are fired, scattered, dropped, or detonated from any weapons. Ammunition comes in a range of types and sizes that are often designed to work only in specific weapon systems. Ammunition is a disposable weapon as well as the components of other weapons that produce the effect on a target. The main products of ammunition include bullets, aerial bombs, grenades, artillery shells, and mortars. Bullets refer to the kinetic projectile, a part of firearm ammunition that is shot from a gun barrel. Bullets are made of different materials such as lead, copper, steel, polymer, wax, and rubber.
The small, medium, large, and other caliber ammunitions are used in equipment with a different operating mechanism which includes a non-guided and guided mechanism. They are used for both defense and civil & commercial applications. Major players in the ammunition market are
Key Topics Covered: 1. Executive Summary 2. Ammunition Market Characteristics 3. Ammunition Market Trends And Strategies 4. Impact Of COVID-19 On Ammunition 5. Ammunition Market Size And Growth 5.1. Global Ammunition Historic Market, 2016-2021, $ Billion 5.1.1. Drivers Of The Market 5.1.2. Restraints On The Market 5.2. Global Ammunition Forecast Market, 2021-2026F, 2031F, $ Billion 5.2.1. Drivers Of The Market 5.2.2. Restraints On the Market 6. Ammunition Market Segmentation 6.1. Global Ammunition Market, Segmentation By Product, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.2. Global Ammunition Market, Segmentation By Caliber, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.3. Global Ammunition Market, Segmentation By Guidance Mechanism, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
6.4. Global Ammunition Market, Segmentation By Application, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion
7. Ammunition Market Regional And Country Analysis 7.1. Global Ammunition Market, Split By Region, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion 7.2. Global Ammunition Market, Split By Country, Historic and Forecast, 2016-2021, 2021-2026F, 2031F, $ Billion Companies Mentioned
For more information about this report visit https://www.researchandmarkets.com/r/8i0ud7
Oil prices have bounced around quite a bit this year. Brent oil, the global-pricing benchmark, started 2022 below $80 a barrel before soaring into the $120s following Russia's invasion of Ukraine. With the prospect of higher oil prices, we asked some of our energy contributors what oil stocks they believe are best positioned to capitalize following OPEC's bold move.
(Bloomberg) -- Russia has lost three-fifths of its seaborne crude sales in Europe since Moscow sent troops into Ukraine in February. That market is going to vanish almost completely eight weeks from now and the latest sanctions will make it very difficult to divert flows elsewhere.Crude shipments to Europe averaged 630,000 barrels a day in the four weeks to Oct. 7, down from 1.62 million before the invasion. Tankers carrying Russia’s oil are now forced to spend four times as long making each del
The global electric vehicle battery market is booming, and China is leading the charge, accounting for six of the world’s top ten EV battery producers
Oil prices can be pretty unpredictable, impacting energy stocks
Auto buyers’ appetite for battery-powered vehicles is helping elevate demand for their evolutionary predecessor, the gas-electric vehicle.
Oil prices found their footing Monday after slipping earlier on Chinese economic data that suggests a drop in demand is coming from the world’s second largest economy. The wobble comes after Wednesday’s decision by OPEC+ to cut production pushed prices to a five-week high. Brent crude the international standard, was down 0.1% to $97.85 a barrel in morning trading.
As the United States heads into the holiday season, the warehouse club has some positve news for its members.
Here's what a fundamental and technical analysis says about buying Google stock as Search advertising business holds up.
When looking for the best artificial intelligence stocks to buy, identify companies using AI technology to improve products or gain a strategic edge, such as Google, Microsoft and Nvidia.
Fintech stocks have under-performed vs. the S&P 500 amid fears of a recession and competition from startups and tech giants Apple and Amazon.
(Bloomberg) -- Nestle SA and its rivals spent two years grappling with pandemic-related disruptions. Now the world’s biggest food companies are bracing for the next threat: a winter with too little gas to power their factories.In response, the foodmakers are pleading their case to policy makers, cutting back on energy use and converting gas-fired plants to oil to keep Europe’s shelves filled with staples like cereal, bread and yogurt -- even if natural gas supplies dry up.“Some companies will be
Oil futures struggle for direction on Monday as China data raise worries about demand from the world's largest crude importer, pressuring prices, but last week's OPEC+ decision to reduce production continues to provide support.
Germany's 200 billion euro ($197 billion) energy aid package will provide limited relief for businesses and is unlikely to dissuade companies that are already looking to relocate to cheaper manufacturing bases overseas. The German government set out its energy relief package last month, including a gas price brake and a cut in sales tax for the fuel to help households and small and medium-sized business (SMEs) cope with surging prices. The company, established in Germany 143 years ago, has been looking into relocating some of its production out of Germany to cut costs and Ryder said the gas brake plan was still too vague to convince Rosenthal to reconsider its plans.
The U.S. Commerce Department's tough new rules on semiconductor supply promise to set back China's ambitions to develop its own chip industry.
Auto maker says an improperly installed fastener could cause excess wheel tilt and a potential loss of steering control.
Shares in Chinese tech giants Alibaba Group and Tencent as well as in chipmakers slumped on Monday, as investors were spooked by new U.S. export control measures aimed at slowing Beijing's technological and military advances. The Biden administration published a sweeping set of export controls on Friday, including a measure to cut China off from certain semiconductors made anywhere in the world with U.S. equipment. The raft of measures, some of which take immediate effect, could amount to the biggest shift in U.S. policy toward exporting technology to China since the 1990s.
Google (GOOG, GOOGL) is finally sounding off on its blockbuster $5.4 billion acquisition of cybersecurity firm Mandiant, expressing the extent of the company's ambitions in the sector.
(Bloomberg) -- An investment decision on a $25 billion gas pipeline from Nigeria to Morocco that could supply the fuel to Europe will be taken next year, the head of the West African nation’s state oil company said.The Nigerian National Petroleum Co. and Morocco’s National Office of Hydrocarbons and Mines signed a memorandum of understanding last month that inched the long-gestating project closer to reality. The conduit is one of two such initiatives the NNPC is promoting in an effort to capita
Luxury car brands should be better long-term investments than mass-market ones. That doesn’t mean they are recession-proof.
Sen. Richard Blumenthal and Rep. Ro Khanna propose new legislation to halt arms sales to Saudi Arabia and rebalance the U.S.'s relationship with Riyadh.