Markntel Advisors, a leading consulting, data analytics, and market research firm, recently published an analytical report description that describes the recent achievements and developments of prominent players including new launching of innovative products, strategic collaborations, or partnerships, that bolster the growth of the The US Guns and Ammunition market. The research report on the The US Guns and Ammunition Market presents well-researched facts and figures pertinent to the industry, whether the goal is to explore new markets, launch a new product, or maintain a competitive advantage. The expert team of analysts dedicated significant effort to gathering and evaluating the latest market data, resulting in a detailed and up-to-date report that offers valuable insights for individuals who rely on data-driven decisions, including business owners and analysts.
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The report further comprises, “The US Guns and Ammunition Market Research Report: Forecast (2024-2030)”,
The Market is estimated to grow at a CAGR of around 2.3% during the forecast period, i.e., 2024-30.
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The US Guns and Ammunition Market Opportunity:
Escalating Expansion of Military Presence in Asia to Create New Profitable Avenues – The rising expansion of the US military presence in Asia and the Middle East presents an opportunity for the US Guns and Ammunition Market in the forecast years. The swift military expansion of China, coupled with territorial assertions in the South China Sea and its position on Taiwan, has prompted the United States to view China as a substantial challenge to the Western-dominated international order.
As a result, the US aims to strengthen its alliances & partnerships in the region to ensure stability, safeguard its interests, and counterbalance the influence of other major powers. For instance, in 2023, the US & Philippines announced the expansion of America’s military presence in the South Asian countries. Furthermore, as the US increases its military presence, there would be a surge in military procurement, including firearms & ammunition for the armed forces, which would generate opportunities, further aiding in enhancing the market size in the coming years.
The US Guns and Ammunition Market Analysis Based On Segment, Geography
The The US Guns and Ammunition market is segmented into significant segments based on:
By Type
-Guns- Market Size & Forecast 2019-2030, USD Million
-Ammunition-Market Size & Forecast 2019-2030, USD Million
By Lethality
-Non-Lethal-Market Size & Forecast 2019-2030, USD Million
-Lethal- Market Size & Forecast 2019-2030, USD Million
By Application
-Defense- Market Size & Forecast 2019-2030, USD Million
-Military Operation
-Law Enforcement
-Security Services- Market Size & Forecast 2019-2030, USD Million
-Close Protection Services
-Event Security
-Secure Transportation
-Others (Industrial Security, Private Investigation, etc.)
Civilians- Market Size & Forecast 2019-2030, USD Million
-Self Defense
-Sport Shooting
-Hunting.
Read Detailed Index of full Research Study at – https://www.marknteladvisors.com/research-library/us-guns-ammunition-market.html
Top Companies Essentially Working in The US Guns and Ammunition Market
Sig Sauer, Smith & Wesson, Sturm, Roger & Co. Inc., Taurus International Manufacturing Inc., Springfield Armory, Ammo Inc., Federal Ammunition, Hornady, FN Herstal, Black Hills Ammunition, and Others.
Frequently Asked Questions (FAQs)-
- What are the industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What leading factors would propel and impede the industry across the geography?
- How has the industry been evolving in terms of geography & The US Guns and Ammunition adoption?
- How has the competition been shaping up across the geography?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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