A cartridge, also known as shell, bullet, shot, projectile, slugs, munitions, etc., is an ammunition used in guns. There are four vital components of cartridge i.e., case, powder, primer, and bullet. A rifle cartridge is among the long cartridges among all type of gun cartridge ranging from 5mm to 7.6mm and is known for having long range capabilities and causing lethal damage.
MARKET DYNAMICS
The rifle cartridge market is experiencing significant growth owing to the increasing trend of rifle sporting activities. However, growing restriction with regards to hunting can hamper the growth of rifle cartridge market. Meanwhile, the increasing defense budgets of military and law enforcement agencies for procurement of advanced rifles is expected to flourish the rifle cartridges market.
MARKET SCOPE
The "Rifle Cartridge Market Analysis to 2028" is a specialized and in-depth study of the aerospace and defense with a special focus on the global market trend analysis. The report aims to provide an overview of rifle cartridge market with detailed market segmentation by type, application, and geography. The global rifle cartridge market is expected to witness high growth during the forecast period. The report provides key statistics on the market status of the leading rifle cartridge market players and offers key trends and opportunities in the rifle cartridge market.
MARKET SEGMENTATION
The global rifle cartridge market is segmented on the basis of type and application. Based on type, the market is segmented into 5.45, 5.56, 5.8, 7.62, and other. Based on application, the market is segmented into military, law enforcement, and civilian.
REGIONAL FRAMEWORK
The report provides a detailed overview of the industry including both qualitative and quantitative information. It provides overview and forecast of the global rifle cartridge market based on various segments. It also provides market size and forecast estimates from year 2018 to 2028 with respect to five major regions, namely; North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA) and South America. The rifle cartridge market by each region is later sub-segmented by respective countries and segments. The report covers analysis and forecast of 18 countries globally along with current trend and opportunities prevailing in the region.
The report analyzes factors affecting rifle cartridge market from both demand and supply side and further evaluates market dynamics effecting the market during the forecast period i.e., drivers, restraints, opportunities, and future trend. The report also provides exhaustive porters five forces analysis for all five regions namely; North America, Europe, APAC, MEA and South America after evaluating political, economic, social and technological factors effecting the rifle cartridge market in these regions.
MARKET PLAYERS
The reports cover key developments in the rifle cartridge market as organic and inorganic growth strategies. Various companies are focusing on organic growth strategies such as product launches, product approvals and others such as patents and events. Inorganic growth strategies activities witnessed in the market were acquisitions, and partnership & collaborations. These activities have paved way for expansion of business and customer base of market players. The market players from rifle cartridge market are anticipated to lucrative growth opportunities in the future with the rising demand for rifle cartridge market. Below mentioned is the list of few companies engaged in the rifle cartridge market.
IMPACT OF COVID-19 ON RIFLE CARTRIDGE MARKET
The outbreak of COVID-19 has significantly impacted various industries including the defence industry. As containment measures were imposed by governments across the globe such as trade restriction and factor shutdown followed by limited personnel at workplaces in order to adhere to the norms of social distancing. Thus, the imposition of such measures affected the production volume of ammunition which subsequently impacted the adoption of rifle cartridges in 2020. However, as containment measures were relaxed and governments started awarding military contracts, the adoption of ammunition started gaining traction from Q1 of 2021 which subsequently augmented the demand for rifle cartridges.
The report also includes the profiles of key rifle cartridge market companies along with their SWOT analysis and market strategies. In addition, the report focuses on leading industry players with information such as company profiles, components and services offered, financial information of last 3 years, key development in past five years.
Olin Corporation
RUAG International Holding AG
FN HERSTAL
Nammo AS
Nexter
BAE Systems
General Dynamics Corporation
CBC Global Ammunition
Poongsan Corporation
Remington Ammunition
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