Ammunition Market size forecast to surpass USD 8.3 billion by 2023

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Ammunition Market size to surpass USD 8.3 billion
by 2023 Global Market Insights Inc.
Fuel Cell Market size worth 25.5bn by 2024
Low Power Wide Area Network
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Regional Analysis of Ammunition Market

• The U.S. ammunition market size is estimated to
  witness rapid growth over the forecast period
  owing to increasing demand of firearms in
  shooting games and defense.
• Africa is expected to gain at around 2.5 from
  2016 to 2023 owing to civil unrest and armed
  conflicts observed in Libya and Syria.
• Asia Pacific ammunition market dominated the
  industry in 2014, with Europe following it.
  India, South Korea and China are the key
  countries contributing to the supremacy of Asia
  Pacific.

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Application Analysis of Ammunition Market

• Terrorism proliferation across the globe coupled
  with the military automation endeavors of
  emerging nations focussed on obtaining high
  efficiency, advanced and precise munitions are
  the major driving factors for the global
  ammunition market.
• However, declining defense budgets in the
  developed nations along with the difference in
  legal, political and economic regulations is
  expected to hamper the industry demand over the
  forecast period.
• Increasing demand from emerging economies for
  advanced medium and large caliber is expected to
  act as a potential opportunity to the industry.

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Competitive Market Share of Ammunition Market

• Major players in the global ammunition market
  share include Olin Corporation, Orbital ATK Inc.,
  General Dynamics Corporation, Nammo AS, Remington
  Arms Company, Inc.,
• BAE Systems, CCI Ammunition, Federal Premium
  Ammunition, Ruag Ammotech, Denel Pmp, Maxam,
  Poongsan Corporation, Global Ordnance, Magtech
  Ammunition Company, Inc.,
• Nexter Munitions and Hornady Manufacturing among
  others.

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