Market Overview:
The global polymer ammo market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for lightweight and durable ammunition for military and civil applications. Polymer ammo is made up of plastic or other synthetic materials, which makes it lighter in weight as compared to traditional metal-based ammo. This reduces the recoil impact on the shooter, allowing them to fire more rounds accurately. In addition, polymer ammo is also less prone to corrosion and jamming than traditional metal-based rounds, making it ideal for use in humid or dusty environments.
Product Definition:
Polymer ammo is a type of ammunition that is made from a polymer material. This type of ammo is important because it can help to reduce the weight of the firearm, which can make it easier to carry and shoot. Polymer ammo also has the ability to create less recoil than traditional ammunition, which can make it easier for new shooters to learn how to use a firearm.
5.56 mm:
5.56 mm is a small-caliber, high-velocity cartridge designed for military use. It was developed in the late 1940s by the United States as a replacement for the .30 M1 Ball ammunition used in rifles and machine guns. The U.S Army adopted it as the M16 rifle cartridge; it is also widely used by other armed forces around the world due to its lightweight, moderate accuracy, high rate of fire and effective range of operation (ROA).
6.5 mm:
6.5 mm is a cartridge that was developed in the late 19th century and early 20th century by several countries, including Russia, Austria-Hungary, Italy, and the United States. The 6.5mm caliber ammunition is commonly used for rifles in all these countries as it offers better performance than other cartridges of its class with respect to accuracy and range.
Application Insights:
The military application segment led the global polymer ammo market in 2017 and is projected to expand further at a steady CAGR from 2018 to 2030. The growing use of polymer bullets in military rifles, submachine guns, light machine guns and pistols on account of their lightweight, cost-effectiveness and high magazine capacity is expected to drive the demand for polymer ammunition over the forecast period.
Polymer pistol bullets are used by law enforcement agencies across various countries including U.S., Canada, Brazil among others owing to their low cost compared to metal counterparts; they are also lighter which results in less recoil during firing making them ideal for handguns. Furthermore, increasing adoption of polymers as a replacement for metals & alloys due to benefits such as weight reduction & durability coupled with improved accuracy & consistency will drive growth over the forecast period.
Regional Analysis:
North America dominated the global market in terms of revenue share in 2017. The U.S., being a developed economy, is expected to dominate the North American regional market over the forecast period owing to high demand for advanced polymer ammunition from law enforcement agencies and military forces across countries such as Canada and Mexico.
Asia Pacific is projected to be one of the fastest-growing regions during the forecast period owing to increasing demand for modern warfare equipment by countries such as China, India, Japan, South Korea among others from economies such as Australia and New Zealand among others. Countries like China have been developing their domestic arms & ammunition industry which has resulted in increased sales of these products within Asia Pacific region over past few years; this trend is expected continue over next eight years or so due to growing need for self-defense measures against terrorist threats at home coupled with rising geopolitical tensions between various economies across Asia Pacific region (India/Pakistan etc.).
Growth Factors:
- Increasing demand for polymer ammunition from the military and law enforcement agencies owing to its lightweight and superior ballistic performance as compared to traditional ammunition.
- Growing popularity of polymer-based firearms among civilians due to their reduced weight, recoil, and muzzle flash. This is expected to boost the demand for polymer ammo in the coming years.
- Technological advancements in manufacturing processes that have resulted in improved quality and performance of polymer ammo products.
- Rising concerns over environmental pollution caused by lead-based bullets, which is likely to fuel the demand for eco-friendly polymeric bullets over traditional metallic rounds in the near future.
Scope Of The Report
Report Attributes
Report Details
Report Title
Polymer Ammo Market Research Report
By Type
5.56 mm, 6.5 mm, 7.62 mm, Others
By Application
Military, Civil
By Companies
Textron Systems, General Dynamics Ordnance, Tactical Systems, True Velocity, Engel Ballistic Research Inc, PCP Ammunition, Inceptor Ammunition, Nammo (MAC LLC)
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
238
Number of Tables & Figures
167
Customization Available
Yes, the report can be customized as per your need.
Global Polymer Ammo Market Report Segments:
The global Polymer Ammo market is segmented on the basis of:
Types
5.56 mm, 6.5 mm, 7.62 mm, Others
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Military, Civil
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Textron Systems
- General Dynamics Ordnance
- Tactical Systems
- True Velocity
- Engel Ballistic Research Inc
- PCP Ammunition
- Inceptor Ammunition
- Nammo (MAC LLC)
Highlights of The Polymer Ammo Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 5.56 mm
- 6.5 mm
- 7.62 mm
- Others
- By Application:
- Military
- Civil
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Polymer Ammo Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Polymer ammunition is made from a variety of synthetic materials, including plastics. This type of ammo is often considered to be more accurate than traditional ammunition, as it doesn't deform or break under high-stress conditions.
Some of the key players operating in the polymer ammo market are Textron Systems, General Dynamics Ordnance, Tactical Systems, True Velocity, Engel Ballistic Research Inc, PCP Ammunition, Inceptor Ammunition, Nammo (MAC LLC).
The polymer ammo market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Polymer Ammo Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Polymer Ammo Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Polymer Ammo Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Polymer Ammo Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Polymer Ammo Market Size & Forecast, 2020-2028
4.5.1 Polymer Ammo Market Size and Y-o-Y Growth
4.5.2 Polymer Ammo Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 5.56 mm
5.2.2 6.5 mm
5.2.3 7.62 mm
5.2.4 Others
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 Military
6.2.2 Civil
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Polymer Ammo Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Polymer Ammo Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 5.56 mm
9.6.2 6.5 mm
9.6.3 7.62 mm
9.6.4 Others
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 Military
9.10.2 Civil
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 5.56 mm
10.6.2 6.5 mm
10.6.3 7.62 mm
10.6.4 Others
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 Military
10.10.2 Civil
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 5.56 mm
11.6.2 6.5 mm
11.6.3 7.62 mm
11.6.4 Others
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 Military
11.10.2 Civil
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 5.56 mm
12.6.2 6.5 mm
12.6.3 7.62 mm
12.6.4 Others
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 Military
12.10.2 Civil
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 5.56 mm
13.6.2 6.5 mm
13.6.3 7.62 mm
13.6.4 Others
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 Military
13.10.2 Civil
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Polymer Ammo Market: Competitive Dashboard
14.2 Global Polymer Ammo Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Textron Systems
14.3.2 General Dynamics Ordnance
14.3.3 Tactical Systems
14.3.4 True Velocity
14.3.5 Engel Ballistic Research Inc
14.3.6 PCP Ammunition
14.3.7 Inceptor Ammunition
14.3.8 Nammo (MAC LLC)
