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The global ammunition market size is set to gain momentum from the increasing usage of 9mm cartridge as compared to the other calibers.
This information is provided by Fortune Business Insights™ in a recent report, titled, “Ammunition Market Size, Share & COVID-19 Impact Analysis; by Application (Military & Homeland Security, and Civil & Commercial) By Caliber (Small, Medium, and Large) By Product (Bullets, Aerial Bombs, Grenades, Mortars, Artillery Shells, and Others), By Component (Fuses& Primers, Gun Powder, Projectile, Cases, and Others) By Guidance (Guided, and Non-Guided) By Lethality (Lethal, and Less-Lethal) and Regional Forecast, 2020-2027.” The report further mentions that the global market size was USD 25.46 billion in 2019 is projected to reach USD 29.96 billion by 2027, exhibiting a CAGR of 1.71% during the forecast period from 2020 – 2027.The emergence of COVID-19 has brought the world to a standstill.
We understand that this health crisis has brought an unprecedented impact on businesses across industries.
Highlights of This Report:In-depth information regarding the growth drivers, trends, and barriers.Insights of the top companies operating in the market.Extensive analysis of all the segments present in the market, as well as their shares.Elaborate details about the competitive landscape including investments, novel product launches, mergers and acquisitions, agreements, contracts, and strategic collaborations.
Drivers & Restraints:Increasing Political Unrest to Accelerate GrowthAmmunitions are majorly utilized in rifles, shotguns, and handguns with a wide range of calibers.
However, several other countries have banned the purchase of ammunition for recreational purposes and sports shooters.Segment:Military & Homeland Security Segment to Lead Stoked by Military Modernization InitiativesIn terms of application analysis, the market is bifurcated into military & homeland security and civil & commercial.