Ammunition Market Size To Reach $16.07 Billion By 2024 | CAGR: 3.5%: Grand View Research, Inc. – Digital Journal

“Grand View Research, Inc. – Market Research And Consulting.”

According to report published by Grand View Research, The global ammunition market size was estimated at USD 11.74 billion in 2015 and is expected to witness significant growth over the next eight years on account of growing security concerns resulted by the rise in terrorist organizations and activities.

The global ammunition market is expected to reach USD 16.07 billion by 2024, according to a new report by Grand View Research, Inc. Increasing terrorist activities, coupled with arms race amongst emerging economies in the recent past is projected to fuel industry growth over the next eight years. Civil and defense are the two key end-uses in the ammunition market. The civil end-use is further segmented into law enforcement, self-defense, and sports & hunting.

Advancements in Russian and U.S. ammunition market coupled with increasing participation in shooting, hunting and sports across the world is influencing the growth of the global ammunition market. The countries such as China, South Korea, India, France, Saudi Arabia, Germany, Turkey, Israel and South Africa are expected to boost the demand further in the ammunition industry. However, high costs in research & development and international regulations are expected to hinder the market growth over the forecast period.

Additionally, the demilitarization initiatives adopted across Europe and North America are expected to reduce the demand for ammunition form the military and law enforcement sectors. However, the impacts of these factors are expected to reduce over the period of forecast.

Full Research Report On Ammunition Market Analysis:
http://www.grandviewresearch.com/industry-analysis/ammunition-market

U.S. ammunition market, by product, 2013 – 2024 (USD Million)

Further key findings from the report suggest:

The global ammunition market size was estimated at USD 11.74 billion in 2015 and is expected to grow significantly by 2024 in light of

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