Albany, NY -- (SBWire) -- 11/19/2018 --The market for global ammunition is anticipated to see a boost in its production sale during the forecast period 2018 – 2026, owing to increasing demand of ammunition for security concerns all across the world. Growing weapon sales along with increasing modernization programs directly impact on the sales rate of the ammunition market, reports ResearchMoz.us in a report titled, " Ammunition Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast 2018 – 2026". The report offers detailed value chain analysis which will offer in-depth view of the global market. The report carries various drivers on the basis of segment which are expected to drive the market. The report provides market dynamics such as restraints, drivers, and constraints which are expected to impact the market growth during the assessed period.

Rising number of terrorism related incidences all across the world has made most of the countries' government to increase their spending on anti-terror initiatives. These have increased the demand for ammunition as it is required to fight them. Rising tension across borders along with unfavorable geopolitical conditions have increased the purchase of ammunition and arms, thus helping the market to grow exponentially. Rapid advancement in technology helping the arms industry to provide wide range of arms to various users depending upon their usage has significantly helped the market to grow. Players in the market are generally medium and small companies. This has made it hard for any single player to capture the large share of the market. The market is also a dispersed and concentrated. In order to meet the customer's need and extend their product supply, players are opting for acquisitions, joint ventures, and mergers on a large scales.

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Though the market have certain drivers which are pushing the market in a positive direction, it is also faced with several restraints which are anticipated to deter the growth of market. Demand for ammunition have gone down particularly from the developed countries. Developing countries such as India and China on hand is increasing their defense by increasing uptake of ammunition, developed countries such as Germany and U.S have significantly cut short their ammunition expenditure. US which is considered one of the largest exporters of arms and ammunition have descended their military expenditure from 2013.

The global ammunition market can be classified on the basis of type, ammunition, application, and region. On the basis of type, the market can be divided into Full Metal Jacket Ammunition, Incendiary ammunition, Incendiary ammunition, Tracer ammunition, Armor piercing ammunition. On the basis of ammunition, the market is bifurcated into small ammunition, mortar ammunition, medium ammunition, shotgun shells, and artillery ammunition. Ammunition finds its application in law enforcement, military, and commercial. Of these, demand for ammunition from military sector is considered to be the most. On the basis of region, North America holds a significant share owing to presence of major players in the region. However, market in the Asia Pacific region is likely to expand at robust CAGR owing to rise in terrorist activities.

Some of the major players in the market are BAE Systems, Nexter Group, Fiocchi Munizioni, Prvi Partizan A.D., and Rheinmetall AG.

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