Global Small Caliber Hunting and Shooting Ammunition Market Report 2016
- Id : RNR-53883
- Category : Defence Aeronautics
- Publish Date : 2016
- Pages : 0
- Publisher : BIS Research
Hunting, shooting and outdoor sports continue to remain an important growth factor for the small caliber ammunition industry across the world. Due to an increase among people for hunting and recreational shooting, small caliber hunting and shooting ammunition market is expected to experience a dynamic growth rate in the forecast period (2015-2025). In terms of value, the small caliber hunting and shooting ammunition market is estimated to generate $5.05 billion in the year 2015. This market is anticipated to grow further in the upcoming years due to the rise in ammunition procurement for hunting and shooting activities. Hunting is one of most profitable forms of sport in which commercial land can be used. In several countries, hunting industry contributes a significant share in a nation’s GDP. Owing to this, countries such as Belarus, Turkmenistan, Kazakhstan and Zimbabwe among others are offering hunting packages to tourists. Furthermore, there is an increase in interest towards trophy hunting in regions of Africa, Eurasia and the Commonwealth of Independent States (CIS). These factors result into an increase in the purchase of hunting ammunition, further driving the small caliber hunting and shooting ammunition market. On the other hand, numerous regulations and policies imposed by wildlife organizations limiting the number of hunts of endangered animal species may challenge the growth of the market in upcoming years. Furthermore, the programs carried out in order to restrict the usage of lead containing bullets, can further limit the market growth In terms of revenue generation, North America is estimated to dominate the global hunting and shooting small caliber ammunition market followed by Europe and Eurasian Economic Union (EEU) region. The U.S. being the most technologically advanced region, due to various ongoing developments and presence of vast number of local small caliber ammunition manufacturers. Moreover, the Commonwealth of Independent States (CIS) region is expected to grow at a highest CAGR in the forecast period due to an extensive growth of hunting activities in the region. Presently, target shooting sports are gaining great popularity worldwide. Countries including Japan, Germany and the U.S. among others are not only witnessing a rise in male shooter population but also a high increase of female target shooters. In addition to this, there is an upsurge in the number of youth shooters in these countries leading to an escalating demand of small caliber ammunition. Some of the key players in global hunting and shooting small caliber ammunition market are CBC Group, Vista Outdoor Operations, Winchester Ammunition, Remington Outdoor Company, RUAG Ammotec, Nammo AS, Denel PMP, Liberty Ammunition, Tula Cartridge Works, Prvi Partizan, and Black-Hills Ammunition. Hunting is one of the major revenue generating industries in several countries. These nations are offering hunting packages to hunters coming from all over the globe. Some of these nations include Zimbabwe, Belarus, Tanzania, and Kazakhstan among others. The high demand of small caliber ammunition and rising interest among people towards hunting and target shooting activities have led to a robust growth of small caliber hunting and shooting market. The major pushing forces of the market include: a high participation rate of in hunting and shooting activities, growing number of female shooters and youth hunters, and rise in trophy hunting activities. However, policies implemented by wildlife organizations imposing restrictions over the hunting of certain animal species may affect the growth of global small caliber hunting and shooting ammunition market. Following points provide a concrete description of the content of the report and the topics covered: • This report identifies the global small caliber hunting and shooting ammunition market in different geographical regions such as: North America, Latin America, Europe, Asia Pacific (APAC), Eurasian Economic Union (EEU), the Commonwealth of Independent States (CIS) and Middle East and Africa. • The market size of some of the countries of the above mentioned regions is also mentioned in the report • The scope of this report is focused on the hunting and shooting activities. Self-defense and non-commercial applications are not considered in this report • The study includes the market analysis and forecast of global small caliber hunting and shooting market from 2015 to 2025 in terms of value. The report also highlights the year-on-year growth of the market • The study talks about the prime supply and demand side factors affecting the growth of the market along with the current and future trends in small caliber hunting and shooting ammunition market • The study also presents a detailed examination of small caliber hunting and shooting ammunition market along the lines of major market drivers, and key ongoing trends in the market • The report also highlights the market share analysis, prospective lines of R&D, key product assortment of the major players along with porter analysis of the small caliber hunting and shooting ammunition market. • This report also includes market export and import data of small caliber ammunition of certain regions and countries • A detailed competitive analysis has been included in this report which focuses on the key market developments and strategies followed by the key players in the market • Small caliber hunting and shooting ammunition market analysis and forecast with respect to its hunting and shooting activities (outdoor, skeet, clay and trap shooting) • The key market players are analyzed and profiled in detail in the report. This section covers the business financials, key insights company snapshots, key products & services, and major developments, along with the key customer segment and core markets of the players. Furthermore, a detailed SWOT analysis of the major public players is provided in this report.