Sticking to its Guns: Global Uncertainty Drives up Investments in Arms and Ammunition Manufacturing

NEW DELHI--February 6, 2024--Researched by Industrial Info Resources (Sugar Land, Texas)--With applications in various sectors such as defense, security and commercial/personal sales, the firearms and ammunition industry is witnessing a surge in demand globally. Industrial Info is tracking 58 active projects globally, worth US$2.72 billion, directed toward the manufacturing of various types of ammunition and firearms. North America dominates the global ammunition market with investment worth US$1.77 billion, followed by Europe with US$633 million and Oceania with US$165 million.