San Francisco, July 4, 2022 /PRNewswire/ — A new market study published by Global Industry Analysts Inc., (GIA) the premier market research company, today released its report titled “Ammunition Handling System – Global Market Trajectory & Analytics”. The report presents fresh perspectives on opportunities and challenges in a significantly transformed post COVID-19 marketplace.
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What’s New for 2022?
Global competitiveness and key competitor percentage market shares
Market presence across multiple geography – Strong/Active/Niche/Trivial
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Complimentary updates for one year
Edition: 9; Released: January 2022
Executive Pool: 4441
Companies: 44 – Players covered include BAE Systems PLC; Calzoni SRL; Curtiss-Wright Corporation; Dillon Aero, Inc.; General Dynamics Corporation; GSI International, Inc.; Mcnally Industries; Megagitt PLC; Moog, Inc.; Nobles Worldwide, Inc.; Standard Armament; Thales Group and Others.
Coverage: All major geography and key segments
Segments: Platform (Land, Airborne, Naval); Weapon Type (Machine Guns, Main Guns, Gatling Guns, Cannons, Launchers)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; United Kingdom; and Rest of Europe); Asia-Pacific; Rest of the World.
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Global Ammunition Handling System Market to Reach $4.1 Billion by 2026
Amid the COVID-19 crisis, the global market for Ammunition Handling System estimated at US$2.6 Billionis projected to reach a revised size of US$4.1 Billion by 2026, growing at a CAGR of 7.4% over the analysis period. Land, one of the segments analyzed in the report, is projected to record a 7.7% CAGR and reach US$2.5 Billion by the end of the analysis period. After a thorough analysis of the business implications of the pandemic and its induced economic crisis, growth in the Airborne segment is readjusted to a revised 7% CAGR for the next 7-year period.
The US Market is Estimated at $852.5 Million in 2021, While China is Forecast to Reach $711.4 Million by 2026
The Ammunition Handling System market in the US is estimated at US$852.5 Million in the year 2021. Chinathe world`s second largest economy, is forecast to reach a projected market size of US$711.4 Million by the year 2026 trailing a CAGR of 6.9% over the analysis period. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 6.9% and 5.9% respectively over the analysis period. Within Europe, Germany is forecast to grow at approximately 6% CAGR.
Naval Segment to Reach US$783 Million by the year 2026
In the global Naval segment, USA, Canada, Japan, China and Europe will drive the 6.9% CAGR estimated for this segment. These regional markets accounting for a combined market size of US$420.1 Million will reach a projected size of US$668 Million by the close of the analysis period. China will remain among the fastest growing in this cluster of regional markets. More
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Global Industry Analysts, Inc., (www.strategyr.com) is a renowned market research publisher the world`s only influencer driven market research company. Proudly serving more than 42,000 clients from 36 countries, GIA is recognized for accurate forecasting of markets and industries for over 33 years.
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SOURCE Global Industry Analysts, Inc.