2014-04-01 19:10:03 - Weapons and Ammunition in Australia: ISIC 2927 - a new market research report on companiesandmarkets.com
The Australian weapons and ammunition market is small, partly due to the absence of land borders that need to be secured. The market grew at an average annual pace of 3% over 2000-2010 to reach a value of A$1.3 billion by the end of 2010.
Demand was strongly affected by the global economic downturn, with the market declining by more than 15% in 2009 alone. This was a consequence of government institutions cutting down on spending on defence during the recession. The market can be separated into two major buying groups: businesses and households.
In 2010 B2B customers, including public administration and defence, accounted for 95% of total sales value, including capital purchases. Demand from private consumers meanwhile accounted for over 5%
of total value in 2010 and grew only marginally throughout the review period. However, the spending patterns of these buyers are very different. Government demand is dependent on policy making and international relations.
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