Market Forecast By Caliber (Small Caliber, Medium Caliber, Large Caliber), By Product (Rimfire, Centerfire), By Application (Civil & Commercial, Defense) And Competitive Landscape
Product Code: ETC127414 | Publication Date: Aug 2023 | Updated Date: May 2024 | Product Type: Report | |
Publisher: 6Wresearch | No. of Pages: 70 | No. of Figures: 35 | No. of Tables: 5 | |
India Ammunition market currently, in 2023, has witnessed an HHI of 3189, Which has decreased substantially as compared to the HHI of 6245 in 2017. The market is moving towards concentrated. Herfindahl index measures the competitiveness of exporting countries. The range lies from 0 to 10000, where a lower index number represents a larger number of players or exporting countries in the market while a large index number means fewer numbers of players or countries exporting in the market.
The India ammunition market is anticipated to grow significantlygrowing owing to increased investments in defence modernisation. The government has been continuously investing in research and development activities for the production of advanced ammunitions as well as aiming at encouraging foreign direct investment (FDI) by allowing 100% FDI through automatic route. In addition, with increasing expenditure on defence equipment, India is expected to be one of largest markets for ammunition globally. Moreover, rise in terrorist attacks and cross border wars have propelled demand for sophisticated weapons and its related components such as warheads, rockets, bullets etc., thereby driving growth of the market over the forecast period. However stringent regulations along with lack of technical skills among personnel are some factors that may hamper growth of the market during this period.
Increasing Defence Spending รข?? Government initiatives towards enhancing the military capabilities such as รข??Make in Indiaรข?? campaign undertaken by Ministry Of Defence aimed at promoting indigenous manufacturing base coupled with rising expenditure on defence equipment including missiles & launchers and small arms are major drivers for growth of India ammo market over coming years. Additionally increase in geopolitical tensions between neighbouring countries will further enhance spending on defense sector leading to greater opportunity for manufacturers supplying sophisticated ammunition products across Asia Pacific region.
Stringent Regulations - Stringent regulations pertaining environmental protection while producing or disposing off explosive substances like dynamite used in explosives will remain a major challenge hindering growth prospects for players operating across India munitions industry over upcoming years.. Additionally complexity associated while acquiring license required before manufacturing or importing these materials might restrict product supply thereby impeding overall business scenarios prevailing within India ammo industry.
Key Players :Bharat Dynamics Limited (BDL),Ordnance Factory Board (OFB), Larsen & Toubro Limited(L&T) , Reliance Infrastructure Ltd., Tata Power Company Ltd., Kalyani Group , Poineer Explosives Private Ltd., Premier Explosives Pvt Ltd
India Ammunition |
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 India Ammunition Market Overview |
3.1 India Country Macro Economic Indicators |
3.2 India Ammunition Market Revenues & Volume, 2020 & 2027F |
3.3 India Ammunition Market - Industry Life Cycle |
3.4 India Ammunition Market - Porter's Five Forces |
3.5 India Ammunition Market Revenues & Volume Share, By Caliber, 2020 & 2027F |
3.6 India Ammunition Market Revenues & Volume Share, By Product, 2020 & 2027F |
3.7 India Ammunition Market Revenues & Volume Share, By Application, 2020 & 2027F |
4 India Ammunition Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.3 Market Restraints |
5 India Ammunition Market Trends |
6 India Ammunition Market, By Types |
6.1 India Ammunition Market, By Caliber |
6.1.1 Overview and Analysis |
6.1.2 India Ammunition Market Revenues & Volume, By Caliber, 2018 - 2027F |
6.1.3 India Ammunition Market Revenues & Volume, By Small Caliber, 2018 - 2027F |
6.1.4 India Ammunition Market Revenues & Volume, By Medium Caliber, 2018 - 2027F |
6.1.5 India Ammunition Market Revenues & Volume, By Large Caliber, 2018 - 2027F |
6.2 India Ammunition Market, By Product |
6.2.1 Overview and Analysis |
6.2.2 India Ammunition Market Revenues & Volume, By Rimfire, 2018 - 2027F |
6.2.3 India Ammunition Market Revenues & Volume, By Centerfire, 2018 - 2027F |
6.3 India Ammunition Market, By Application |
6.3.1 Overview and Analysis |
6.3.2 India Ammunition Market Revenues & Volume, By Civil & Commercial, 2018 - 2027F |
6.3.3 India Ammunition Market Revenues & Volume, By Defense, 2018 - 2027F |
7 India Ammunition Market Import-Export Trade Statistics |
7.1 India Ammunition Market Export to Major Countries |
7.2 India Ammunition Market Imports from Major Countries |
8 India Ammunition Market Key Performance Indicators |
9 India Ammunition Market - Opportunity Assessment |
9.1 India Ammunition Market Opportunity Assessment, By Caliber, 2020 & 2027F |
9.2 India Ammunition Market Opportunity Assessment, By Product, 2020 & 2027F |
9.3 India Ammunition Market Opportunity Assessment, By Application, 2020 & 2027F |
10 India Ammunition Market - Competitive Landscape |
10.1 India Ammunition Market Revenue Share, By Companies, 2020 |
10.2 India Ammunition Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |