The market is dominated by domestic suppliers, as imports account for 17.8% of total market size in 2023. B2B drives market demand, with B2B spending representing 99.1% of total demand in 2023. India has the fourth largest market size for weapons and ammunition regionally, with demand reaching USD1.5 billion in 2023. Ordnance Fty Board is the largest company in India, generating 30.5% of the industry’s total production value in 2023. The industry is concentrated, with the top three companies generating 55.7% of total production value in 2023. The total number of companies decreases in 2023, to 1,123 units. The costs of the industry increase by 0.6% in 2023, largely driven by rising B2B costs. The industry’s profitability decreases and stands at 4.8% of production value in 2023, the 19th highest regionally. The industry’s exports share decreases in 2023 to 8.6% of total production output. With production value of USD733 million, India accounts for 3.8% of the Asia Pacific total in 2023.
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This Euromonitor industrial report provides unique information on Weapons and Ammunition in India: ISIC 2927. With this industrial report, you’ll be able to explore the industry from its sources of supply to its buyers. The Weapons and Ammunition in India: ISIC 2927 report includes: Industry datagraphics including production data, exports, imports, cost structure, and profitability
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