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Global Ammunition Market Worth $8.15 Billion by 2017 at a CAGR of 0.67% - New Report by MarketsandMarkets
Date:7/20/2013

(PRWEB) July 20, 2013

According to a new market research report, “Global Ammunition Market [Large Caliber, Medium Caliber & Small Caliber] (2012 – 2017)”, the total ammunition market is expected to reach $8.15 Billion by 2017 with a CACR of 0.67%.

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  • 73 Market Data Tables
  • 87 Figures
  • 153 Pages and In-depth Table of Content on “Global Ammunition Market”

http://www.marketsandmarkets.com/Market-Reports/ammunition-market-923.html

Early buyers will receive 10% customization on this report.

The global ammunition market has seen considerable growth during the past decade due to the recent conflicts which has served as a growth factor for the ammunition industry. Army modernization programs by developed and developing nations alike are expected to drive the market. Moreover, the need to maintain professional armies and the training imparted in doing so, has led to the growth in demand for training ammunition's. Similarly, the development in technology and the need to reduce collateral damage and prevent civilian casualties in war has led to an increase in demand for sophisticated precision guided munitions.

However, the end of conflict and withdrawal of troops from Afghanistan, the austerity measures undertaken by the west, troop size reduction by many western powers and their increased reliance on simulators to train their troops means that the ammunition market is set to stay relatively stable in value terms. Thus the Global Ammunition Market is estimated to be $8.43 billion in 2012 and is expected to register a CARC of 0.67% to reach $8.15 billion by 2017.

On the other hand, the cost involved in maintaining and running a product line in a profitable way all the while investing in new tec
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