Global Ammunition Market Poised to Expand at 1.30% Cagr Between 2013 and 2019

A market study on the global ammunition market published by Transparency Market Research (TMR), estimates this worldwide market to expand at a CAGR of 1.30% during the period from 2013 to 2019 and reach a market value of US$10,093.1 mn by the end of the forecast period.The research study, titled “Ammunition Market - Global Industry Analysis, Size, Share, Growth, Trends, and Forecast, 2013 - 2019”, also talks about the historical performance of the global ammunition market . According to the report, the market stood at US$9,235.8 mn in 2012.

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The global market for ammunition has been analyzed on the basis of types, applications, and products in this research report. Small caliber, medium caliber, large caliber, artillery, mortar, naval, and aircraft ammunition are the main types of ammunition available in the market. Rockets, small-arm ammunition, torpedoes, warheads and missiles, bombs (rocket bombs and grenade), mines and various other explosives are the key products available in the global ammunition market.

Defense¸ army, navy, air force, homeland security, homeland security, special-forces services, federal security agencies, private security agencies, personal services, entertainment, R&D, and fire services are the major application areas for ammunition.Based on types, the market for large caliber ammunition dominated the global ammunition market in 2012 and is likely to maintain its dominance over the forecast period. Based on products, the small-arm ammunition market dominated the global industry in 2012. Analysts project this market segment to retain its position by the end of 2019, cites the report.

On the basis of application, the defense industry accounted for the highest demand for ammunition in 2012 and is anticipated to rise at a CAGR of 1.45% over the period of forecast.The report also evaluates the global ammunition market in terms...