The market is dominated by foreign suppliers, as imports account for 76.1% of total market size in 2022. B2B drives market demand, with B2B spending representing 98.7% of total demand in 2022. India has the sixth largest market size for weapons and ammunition regionally, with demand reaching USD363 million in 2022. Ordnance Fty Board is the largest company in India, generating 30.6% of the industry’s total production value in 2022. The industry is concentrated, with the top three companies generating 55.9% of total production value in 2022. The total number of companies increases in 2022, to 557 units. The costs of the industry increase by 4.3% in 2022, largely driven by rising B2B costs. The industry’s profitability increases and stands at 2.9% of production value in 2022, the 19th highest regionally. The industry’s exports share increases in 2022 to 54.9% of total production output. With production value of USD129 million, India accounts for 0.7% of the Asia Pacific total in 2022.
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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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