Global Ammunition Market 2012-2016 - a new market research report on companiesandmarkets.com
PR-Inside.com: 2014-03-26 09:37:03
The Global Ammunition market is to grow at a CAGR of 0.66 percent over the period 2012-2016. One of the key factors contributing to this market growth is the increase in global defense budgets. The Global Ammunition market has also been witnessing the increase in R&D. However, the increase in raw material prices could pose a challenge to the growth of this market.
The Global Defense industry is investing extensively in R&D activities. This has resulted in the development of technologies that can help augment the endurance and survivability of army weapons in hard atmospheric conditions. As a result of emerging technologies and changing environments, DODs of different countries are investing in new and improved ammunition. For instance, there is a rise in the demand for guns that require low maintenance and do not become heated up. Therefore, with the increase in R&D, the demand for the advanced ammunition is also increasing.
One of the major drivers in this market is the increase in the global defense budget. With the increase in the global defense budget the demand for ammunition is also expected to increase.
One of the major challenges in this market is the increase in the prices of raw materials. The rise in the raw material prices has resulted in pricing pressure for ammunition manufacturers and they are forced to pass on the increased cost to the customers.
The key vendors dominating this market space are Alliant Techsystems Inc., BAE Systems plc, General Dynamics Corp., and Nexter Group.
Other vendors are Peters Cartridge Co., Wolf Performance Ammunition, Companhia Brasileira de Cartuchos, and Olin Corp.
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