Apart from the rise in the cross-border conflict, broadening the number of armed law enforcement troops & new taskforce battalions, and intercountry border &asymmetric warfare conflicts are some of the factors responsible for the extensive growth of the ammunition market. Also, reduced manufacturing costs of the guns with the help of 3D printing mechanisms, increasing usage of polymer in the arms industry, and increasing demand for the smart guns are few of the secondary market factors that create a huge positive impact in the market growth.
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Prominent Players Profiled 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.
The ammunition market is anticipated to account for USD 28.81 billion in 2027. The major factors affecting the market growth include rising domestic violence & terrorist activities, increasing interests in bird-hunting, growing adoption of the ammunition for self-defence, utilisation of the ammunition in sports, and availability of the economical weapons with ammunition.
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Overview of the TOC of the Report:
The countries in the Asia Pacific lead by India, Pakistan, China, and South & North Korea are assigning a considerable budget for their defence & law enforcement development purposes. Apart from growing incidences of asymmetric warfare, terrorist activities, domestic violence, interpersonal stand-offs, along with higher economic development and developments in the manufacturing sector, will help fuel market growth.
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