Ammunition Market

Global Ammunition Market Size, Trends & Analysis - Forecasts to 2029 By Caliber (Small Caliber, Medium Caliber, Large Caliber, and Others), By Product (Rimfire and Centerfire), By End-use (Civil & Commercial and Defense), and By Region (North America, Asia Pacific, Central and South America, Europe, and Middle East and Africa), Competitive Landscape, Company Market Share Analysis, and End User Analysis

Category Aerospace & Defence
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This report was recently updated on May 21 2024 with the latest and most recent market numbers

Global Ammunition Market Size

The global ammunition market is estimated to exhibit a CAGR of 3.9% from 2024 to 2029.

The primary factors propelling the market growth are the heightened geopolitical tensions, regional conflicts, and the emphasis on military modernization programs. Governments involved in regional wars or facing security threats frequently boost their military budgets to strengthen their defenses. This entails acquiring cutting-edge weapons and accumulating ammunition to guarantee readiness for prospective conflicts. Furthermore, military forces search for cutting-edge and precisely guided weapons to keep a competitive edge in prospective confrontations due to geopolitical tensions. As a result, more advanced ammunition types like guided missiles, smart bombs, and precision artillery shells are purchased. For instance, after Hamas breached Israel's borders in October 2023 and began attacking both military and civilian targets, the Israel Defense Forces (IDF) launched a full-scale invasion of Gaza. Both sides have a greater need for ammunition, including mortars, artillery rounds, and bullet projectiles.

The growing popularity of sport shooting and increasing investments in research and development by ammunition manufacturers are expected to support the market growth. Ammunition manufacturers are encouraged to innovate and create new products geared toward performance, accuracy, and dependability by the expanding sport shooting market. This covers developments in cartridge technology, propellant compositions, and bullet design targeted at fulfilling the changing demands of sport shooters. A growing number of sporting goods stores, internet merchants, and shooting ranges are among the distribution channels for ammunition that have been made possible by the growing popularity of sport shooting. This makes ammunition more accessible to enthusiasts and promotes market growth.

Growing personal safety concerns coupled with favorable regulatory policies for procurement, production, and export of ammunition propel market growth. People are looking for weapons and ammunition for self-defense as their fears about personal safety grow due to perceptions of crime, civil upheaval, and terrorism. This causes a spike in demand for ammunition among consumers seeking it for self-defense.

As the focus on environmental sustainability and resource conservation grows, ammunition producers have an opportunity to engage in recycling technology and create eco-friendly explosive substitutes. This covers the creation of lead-free projectiles and the recycling of used cartridges. Additionally, expanding consumer demand for specialist ammunition designed for particular uses, like non-lethal munitions, armor-piercing rounds, and tracer ammunition, allows producers to expand their product lines and target specialized markets.

However, civilian disarmament initiatives and stringent government rules and regulations for the use of firearms impede market growth.

global ammunition market

Global Ammunition Market: By Caliber

The small caliber segment is expected to hold the largest share of the market over the forecast period. Military and law enforcement organizations frequently utilize small caliber ammunition, which usually ranges from .22 to .50 caliber, for a variety of purposes, including light machine guns, sidearms, and infantry weapons. The demand for small caliber ammunition is mostly driven by the massive purchases of ammunition by security and armed forces.

The medium caliber segment is expected to be the fastest-growing segment in the market from 2024 to 2029. Precision-guided weapons are increasingly in demand, particularly for military uses where efficacy and accuracy are critical. Advanced weapons like guided missiles, programmable projectiles, and airburst rounds fall within the category of medium caliber ammunition. These precision munitions offer enhanced capabilities for engaging targets with greater accuracy, reducing collateral damage, and improving mission success rates.

Global Ammunition Market: By Product

The centerfire segment is expected to hold the largest share of the market over the forecast period. Centerfire cartridges are the most commonly used type of ammunition in a wide range of firearms, including rifles, handguns, and shotguns. They are utilized in military, law enforcement, and civilian applications, contributing to their widespread adoption and dominance in the market.

The rimfire segment is anticipated to be the fastest-growing segment in the market from 2024 to 2029. The majority of civilian firearms are equipped with rimfire ammunition, especially handguns and rifles used for plinking, small game hunting, and recreational shooting. There is an increasing need for rimfire ammunition due to the growing popularity of these activities among civilian gun owners.

Global Ammunition Market: By End-use

The defense segment is expected to hold the largest share of the market over the forecast period. To improve their defense capabilities, many nations are funding military modernization initiatives, including buying ammunition for various weapon systems. The military's extensive acquisition of ammunition for operations, training, and storing makes it the dominant segment in the global market.

The civil & commercial segment is anticipated to be the fastest-growing segment in the market from 2024 to 2029. The demand for ammunition in the civil and commercial segment is driven by the growing trend of gun ownership for sports, recreational, and personal protection. Ammunition usage rises in tandem with the number of people obtaining firearms for either recreational or self-defense purposes.

asia pacific ammunition market

Global Ammunition Market: By Region

North America is expected to be the largest region in the global market. The demand for ammunition is rising due to greater military spending and defense budgets by North American countries. Ammunition must be purchased to support defense readiness, training, and operations as part of military modernization projects and equipment upgrades. For instance, the Stockholm International Peace Research Institute estimates that in 2023, the United States' national military expenditures were valued at USD 916 billion.

Asia Pacific is anticipated to witness rapid growth during the forecast period. Many nations in the region are modernizing their militaries to improve their defense capabilities. Rising defense budgets and the acquisition of cutting-edge weaponry drive the demand for small arms ammunition, artillery shells, and other munitions.

Global Ammunition Market Share and Competitor Analysis

Northrop Grumman Corporation, General Dynamics Corporation, Olin Corporation, BAE Systems, Thales Group, Rheinmetal AG, Nexter KNDS group, Elbit Systems, Nammo AS, and ST Engineering, among others, are some of the key players in the global ammunition market.

Please note: This is not an exhaustive list of companies profiled in the report.

Global Ammunition Market: Recent Developments

In January 2024, The Norwegian government granted Nammo AS USD 95 million to increase production. Nammo intends to primarily utilize the funds for its 155mm artillery ammunition.

In December 2023, The Ukrainian armed forces placed an order with Rheinmetall worth USD 1.3 billion for tens of thousands of different types of shells. The delivery date is set for 2025.

1          STRATEGIC INSIGHTS ON NEW REVENUE POCKETS

1.1    Strategic Opportunity & Attractiveness Analysis

1.1.1        Hot Revenue Pockets

1.1.2        Market Attractiveness Score

1.1.3        Revenue Impacting Opportunity

1.1.4        High Growing Region/Country

1.1.5        Competitor Analysis

1.1.6        Consumer Analysis

1.2    Global Market Estimates' View

1.3    Strategic Insights across Business Functions

1.3.1        For Chief Executive Officers

1.3.2        For Chief Marketing Officers

1.3.3        For Chief Strategy Officers

1.4    Evaluate the Potential of your Existing Business Lines vs. New Lines to Enter Into

2          TECHNOLOGICAL TRENDS

2.1   Technological Adoption Rate

2.2   Current Trend Impact Analysis

2.3   Future Trend Impact Analysis

3          GLOBAL AMMUNITION MARKET OUTLOOK

3.1   Market Pyramid Analysis

3.1.1        Introduction

3.1.2           Adjacent Market Opportunities

3.1.3           Ancillary Market Opportunities

3.2   Demand Side Analysis

3.2.1           Market Drivers: Impact Analysis

3.2.2           Market Restraints: Impact Analysis

3.2.3           Market Opportunities: Impact Analysis

3.2.4           Market Challenges: Impact Analysis

3.3   Supply Side Analysis

3.3.1           Porter’s Five Forces Analysis

3.3.1.1 Threat of New Entrants

3.3.1.2 Threat of New Substitutes

3.3.1.3 Bargaining Power of Suppliers

3.3.1.4 Bargaining Power of Buyers

3.3.1.5 Intensity of Competitive Rivalry

3.3.2           SWOT Analysis; By Factor (Political & Legal, Economic, and Technological)

3.3.2.1 Political Landscape

3.3.2.2 Economic Landscape

3.3.2.3 Social Landscape

3.3.2.4 Technology Landscape

3.3.3        Value Chain Analysis

3.3.4        Trend Analysis

3.3.5        Gap Analysis

3.3.6        Cost Analysis

4          GLOBAL AMMUNITION MARKET, BY CALIBER

4.1   Introduction

4.2   Ammunition Market: Caliber Scope Key Takeaways

4.3   Revenue Growth Analysis, 2023 & 2029

4.4   Small Caliber

4.4.1           Small Caliber Market Estimates and Forecast, 2021-2029 (USD Million)

4.5   Medium Caliber

4.5.1           Medium Caliber Market Estimates and Forecast, 2021-2029 (USD Million)

4.6   Large Caliber

4.6.1           Large Caliber Market Estimates and Forecast, 2021-2029 (USD Million)

4.7   Others

4.7.1           Others Market Estimates and Forecast, 2021-2029 (USD Million)

5          GLOBAL AMMUNITION MARKET, BY PRODUCT

5.1   Introduction

5.2   Ammunition Market: Product Scope Key Takeaways

5.3   Revenue Growth Analysis, 2023 & 2029

5.4   Rimfire

5.4.1           Rimfire Market Estimates and Forecast, 2021-2029 (USD Million)

5.5   Centerfire

5.5.1           Centerfire Market Estimates and Forecast, 2021-2029 (USD Million)

6          GLOBAL AMMUNITION MARKET, BY END-USE

6.1   Introduction

6.2   Ammunition Market: End-use Scope Key Takeaways

6.3   Revenue Growth Analysis, 2023 & 2029

6.4   Civil & Commercial

6.4.1           Civil & Commercial Market Estimates and Forecast, 2021-2029 (USD Million)

6.5   Defense

6.5.1           Defense Market Estimates and Forecast, 2021-2029 (USD Million)

7          GLOBAL AMMUNITION MARKET, BY REGION

7.1   Introduction

7.2   North America Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.1        By Caliber

7.2.2        By Product

7.2.3        By End-use

7.2.4        By Country

7.2.4.1     U.S. Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.4.1.1        By Caliber

7.2.4.1.2        By Product

7.2.4.1.3        By End-use

7.2.4.2     Canada Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.4.2.1        By Caliber

7.2.4.2.2        By Product

7.2.4.2.3        By End-use

7.2.4.3     Mexico Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.2.4.3.1        By Caliber

7.2.4.3.2        By Product

7.2.4.3.3        By End-use

7.3   Europe Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.1        By Caliber

7.3.2        By Product

7.3.3        By End-use

7.3.4        By Country

7.3.4.1     Germany Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.1.1        By Caliber

7.3.4.1.2        By Product

7.3.4.1.3        By End-use

7.3.4.2     U.K. Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.2.1        By Caliber

7.3.4.2.2        By Product

7.3.4.2.3        By End-use

7.3.4.3     France Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.3.1        By Caliber

7.3.4.3.2        By Product

7.3.4.3.3        By End-use

7.3.4.4     Italy Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.4.1        By Caliber

7.3.4.4.2        By Product

7.2.4.4.3        By End-use

7.3.4.5     Spain Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.5.1        By Caliber

7.3.4.5.2        By Product

7.2.4.5.3        By End-use

7.3.4.6     Netherlands Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.6.1        By Caliber

7.3.4.6.2        By Product

7.2.4.6.3        By End-use

7.3.4.7     Rest of Europe Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.3.4.7.1        By Caliber

7.3.4.7.2        By Product

7.2.4.7.3        By End-use

7.4   Asia Pacific Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.1        By Caliber

7.4.2        By Product

7.4.3        By End-use

7.4.4        By Country

7.4.4.1     China Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.1.1        By Caliber

7.4.4.1.2        By Product

7.4.4.1.3        By End-use

7.4.4.2     Japan Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.2.1        By Caliber

7.4.4.2.2        By Product

7.4.4.2.3        By End-use

7.4.4.3     India Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.3.1        By Caliber

7.4.4.3.2        By Product

7.4.4.3.3        By End-use

7.4.4.4     South Korea Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.4.1        By Caliber

7.4.4.4.2        By Product

7.4.4.4.3        By End-use

7.4.4.5     Singapore Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.5.1        By Caliber

7.4.4.5.2        By Product

7.4.4.5.3        By End-use

7.4.4.6     Malaysia Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.6.1        By Caliber

7.4.4.6.2        By Product

7.4.4.6.3        By End-use

7.4.4.7     Thailand Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.7.1        By Caliber

7.4.4.7.2        By Product

7.4.4.7.3        By End-use

7.4.4.8     Indonesia Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.8.1        By Caliber

7.4.4.8.2        By Product

7.4.4.8.3        By End-use

7.4.4.9     Vietnam Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.9.1        By Caliber

7.4.4.9.2        By Product

7.4.4.9.3        By End-use

7.4.4.10  Taiwan Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.10.1 By Caliber

7.4.4.10.2 By Product

7.4.4.10.3 By End-use

7.4.4.11  Rest of Asia Pacific Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.4.4.11.1 By Caliber

7.4.4.11.2 By Product

7.4.4.11.3 By End-use

7.5   Middle East and Africa Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.1        By Caliber

7.5.2        By Product

7.5.3        By End-use

7.5.4        By Country

7.5.4.1     Saudi Arabia Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.1.1        By Caliber

7.5.4.1.2        By Product

7.5.4.1.3        By End-use

7.5.4.2     U.A.E. Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.2.1        By Caliber

7.5.4.2.2        By Product

7.5.4.2.3        By End-use

7.5.4.3     Israel Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.3.1        By Caliber

7.5.4.3.2        By Product

7.5.4.3.3        By End-use

7.5.4.4     South Africa Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.4.1        By Caliber

7.5.4.4.2        By Product

7.5.4.4.3        By End-use

7.5.4.5     Rest of Middle East and Africa Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.5.4.5.1        By Caliber

7.5.4.5.2        By Product

7.5.4.5.2        By End-use

7.6   Central and South America Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.1        By Caliber

7.6.2        By Product

7.6.3        By End-use

7.6.4        By Country

7.6.4.1     Brazil Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.1.1        By Caliber

7.6.4.1.2        By Product

7.6.4.1.3        By End-use

7.6.4.2     Argentina Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.2.1        By Caliber

7.6.4.2.2        By Product

7.6.4.2.3        By End-use

7.6.4.3     Chile Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.3.1        By Caliber

7.6.4.3.2        By Product

7.6.4.3.3        By End-use

7.6.4.4     Rest of Central and South America Ammunition Market Estimates and Forecast, 2021-2029 (USD Million)

7.6.4.4.1        By Caliber

7.6.4.4.2        By Product

7.6.4.4.3        By End-use

8          COMPETITIVE LANDCAPE

8.1   Company Market Share Analysis

8.2   Four Quadrant Positioning Matrix

8.2.1        Market Leaders

8.2.2        Market Visionaries

8.2.3        Market Challengers

8.2.4        Niche Market Players

8.3   Vendor Landscape

8.3.1        North America

8.3.2        Europe

8.3.3        Asia Pacific

8.3.4        Rest of the World

8.4   Company Profiles  

8.4.1        Northrop Grumman Corporation

8.4.1.1 Business Description & Financial Analysis

8.4.1.2 SWOT Analysis

8.4.1.3 Products & Services Offered

8.4.1.4 Strategic Alliances between Business Partners

8.4.2        General Dynamics Corporation

8.4.2.1 Business Description & Financial Analysis

8.4.2.2 SWOT Analysis

8.4.2.3 Products & Services Offered

8.4.2.4 Strategic Alliances between Business Partners

8.4.3        Olin Corporation

8.4.3.1 Business Description & Financial Analysis

8.4.3.2 SWOT Analysis

8.4.3.3 Products & Services Offered

8.4.3.4 Strategic Alliances between Business Partners

8.4.4        BAE Systems

8.4.4.1 Business Description & Financial Analysis

8.4.4.2 SWOT Analysis

8.4.4.3 Products & Services Offered

8.4.4.4 Strategic Alliances between Business Partners

8.4.5        Thales Group

8.4.5.1 Business Description & Financial Analysis

8.4.5.2 SWOT Analysis

8.4.5.3 Products & Services Offered

8.4.5.4 Strategic Alliances between Business Partners

8.4.6        RHEINMETAL AG

8.4.6.1 Business Description & Financial Analysis

8.4.6.2 SWOT Analysis

8.4.6.3 Products & Services Offered

8.4.6.4 Strategic Alliances between Business Partners

8.4.7        Nexter KNDS group  

8.4.7.1 Business Description & Financial Analysis

8.4.7.2 SWOT Analysis

8.4.7.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.8        Elbit Systems

8.4.8.1 Business Description & Financial Analysis

8.4.8.2 SWOT Analysis

8.4.8.3 Products & Services Offered

8.4.8.4 Strategic Alliances between Business Partners

8.4.9        Nammo AS

8.4.9.1 Business Description & Financial Analysis

8.4.9.2 SWOT Analysis

8.4.9.3 Products & Services Offered

8.4.9.4 Strategic Alliances between Business Partners

8.4.10       ST Engineering among

8.4.10.1 Business Description & Financial Analysis

8.4.10.2 SWOT Analysis

8.4.10.3 Products & Services Offered

8.4.10.4 Strategic Alliances between Business Partners

8.4.11      Other Companies

8.4.11.1 Business Description & Financial Analysis

8.4.11.2 SWOT Analysis

8.4.11.3 Products & Services Offered

8.4.11.4 Strategic Alliances between Business Partners

9          RESEARCH METHODOLOGY

9.1   Market Introduction

9.1.1        Market Definition

9.1.2           Market Scope & Segmentation

9.2   Information Procurement

9.2.1        Secondary Research

9.2.1.1 Purchased Databases

9.2.1.2 GMEs Internal Data Repository

9.2.1.3 Secondary Resources & Third Party Perspectives

9.2.1.4 Company Information Sources

9.2.2        Primary Research

9.2.2.1 Various Types of Respondents for Primary Interviews

9.2.2.2 Number of Interviews Conducted throughout the Research Process

9.2.2.3 Primary Stakeholders

9.2.2.4 Discussion Guide for Primary Participants

9.2.3        Expert Panels

9.2.3.1 Expert Panels Across 30+ Industry

9.2.4        Paid Local Experts

9.2.4.1 Paid Local Experts Across 30+ Industry Across each Region

9.3   Market Estimation

9.3.1        Top-Down Approach

9.3.1.1 Macro-Economic Indicators Considered

9.3.1.2 Micro-Economic Indicators Considered

9.3.2        Bottom Up Approach

9.3.2.1 Company Share Analysis Approach

9.3.2.2 Estimation of Potential Type Sales

9.4   Data Triangulation

9.4.1        Data Collection

9.4.2           Time Series, Cross Sectional & Panel Data Analysis

9.4.3        Cluster Analysis

9.5   Analysis and Output

9.5.1           Inhouse AI Based Real Time Analytics Tool

9.5.2           Output From Desk & Primary Research

9.6   Research Assumptions & Limitations

9.7.1        Research Assumptions

9.7.2        Research Limitations

LIST OF TABLES

1 Global Ammunition Market, By Caliber, 2021-2029 (USD Mllion)

2 Small Caliber Market, By Region, 2021-2029 (USD Mllion)

3 Medium Caliber Market, By Region, 2021-2029 (USD Mllion)            

4 Large Caliber Market, By Region, 2021-2029 (USD Mllion)

5 Others Market, By Region, 2021-2029 (USD Mllion)

6 Global Ammunition Market, By Product, 2021-2029 (USD Mllion)

7 Rimfire Market, By Region, 2021-2029 (USD Mllion)

8 Centerfire Market, By Region, 2021-2029 (USD Mllion)

9 Global Ammunition Market, By End-use, 2021-2029 (USD Mllion)

10 Civil & Commercial Market, By Region, 2021-2029 (USD Mllion)    

11 Defense Market, By Region, 2021-2029 (USD Mllion)             

12 Regional Analysis, 2021-2029 (USD Mllion)

13 North America Ammunition Market, By Caliber, 2021-2029 (USD Million)

14 North America Ammunition Market, By Product, 2021-2029 (USD Million)

15 North America Ammunition Market, By End-use, 2021-2029 (USD Million)

16 North America Ammunition Market, By Country, 2021-2029 (USD Million)

17 U.S. Ammunition Market, By Caliber, 2021-2029 (USD Million)

18 U.S. Ammunition Market, By Product, 2021-2029 (USD Million)

19 U.S. Ammunition Market, By End-use, 2021-2029 (USD Million)

20 Canada Ammunition Market, By Caliber, 2021-2029 (USD Million)

21 Canada Ammunition Market, By Product, 2021-2029 (USD Million)

22 Canada Ammunition Market, By End-use, 2021-2029 (USD Million)

23 Mexico Ammunition Market, By Caliber, 2021-2029 (USD Million)

24 Mexico Ammunition Market, By Product, 2021-2029 (USD Million)

25 Mexico Ammunition Market, By End-use, 2021-2029 (USD Million)

26 Europe Ammunition Market, By Caliber, 2021-2029 (USD Million)

27 Europe Ammunition Market, By Product, 2021-2029 (USD Million)

28 Europe Ammunition Market, By End-use, 2021-2029 (USD Million)

29 Europe Ammunition Market, By Country 2021-2029 (USD Million)

30 Germany Ammunition Market, By Caliber, 2021-2029 (USD Million)

31 Germany Ammunition Market, By Product, 2021-2029 (USD Million)

32 Germany Ammunition Market, By End-use, 2021-2029 (USD Million)

33 U.K. Ammunition Market, By Caliber, 2021-2029 (USD Million)

34 U.K. Ammunition Market, By Product, 2021-2029 (USD Million)

35 U.K. Ammunition Market, By End-use, 2021-2029 (USD Million)

36 France Ammunition Market, By Caliber, 2021-2029 (USD Million)

37 France Ammunition Market, By Product, 2021-2029 (USD Million)

38 France Ammunition Market, By End-use, 2021-2029 (USD Million)

39 Italy Ammunition Market, By Caliber, 2021-2029 (USD Million)

40 Italy Ammunition Market, By Product, 2021-2029 (USD Million)

41 Italy Ammunition Market, By End-use, 2021-2029 (USD Million)

42 Spain Ammunition Market, By Caliber, 2021-2029 (USD Million)

43 Spain Ammunition Market, By Product, 2021-2029 (USD Million)

44 Spain Ammunition Market, By End-use, 2021-2029 (USD Million)

45 Netherlands Ammunition Market, By Caliber, 2021-2029 (USD Million)

46 Netherlands Ammunition Market, By Product, 2021-2029 (USD Million)

47 Netherlands Ammunition Market, By End-use, 2021-2029 (USD Million)

48 Rest Of Europe Ammunition Market, By Caliber, 2021-2029 (USD Million)

49 Rest Of Europe Ammunition Market, By Product, 2021-2029 (USD Million)

50 Rest of Europe Ammunition Market, By End-use, 2021-2029 (USD Million)

51 Asia Pacific Ammunition Market, By Caliber, 2021-2029 (USD Million)

52 Asia Pacific Ammunition Market, By Product, 2021-2029 (USD Million)

53 Asia Pacific Ammunition Market, By End-use, 2021-2029 (USD Million)

54 Asia Pacific Ammunition Market, By Country, 2021-2029 (USD Million)

55 China Ammunition Market, By Caliber, 2021-2029 (USD Million)

56 China Ammunition Market, By Product, 2021-2029 (USD Million)

57 China Ammunition Market, By End-use, 2021-2029 (USD Million)

58 India Ammunition Market, By Caliber, 2021-2029 (USD Million)

59 India Ammunition Market, By Product, 2021-2029 (USD Million)

60 India Ammunition Market, By End-use, 2021-2029 (USD Million)

61 Japan Ammunition Market, By Caliber, 2021-2029 (USD Million)

62 Japan Ammunition Market, By Product, 2021-2029 (USD Million)

63 Japan Ammunition Market, By End-use, 2021-2029 (USD Million)

64 South Korea Ammunition Market, By Caliber, 2021-2029 (USD Million)

65 South Korea Ammunition Market, By Product, 2021-2029 (USD Million)

66 South Korea Ammunition Market, By End-use, 2021-2029 (USD Million)

67 malaysia Ammunition Market, By Caliber, 2021-2029 (USD Million)

68 malaysia Ammunition Market, By Product, 2021-2029 (USD Million)

69 malaysia Ammunition Market, By End-use, 2021-2029 (USD Million)

70 Thailand Ammunition Market, By Caliber, 2021-2029 (USD Million)

71 Thailand Ammunition Market, By Product, 2021-2029 (USD Million)

72 Thailand Ammunition Market, By End-use, 2021-2029 (USD Million)

73 Indonesia Ammunition Market, By Caliber, 2021-2029 (USD Million)

74 Indonesia Ammunition Market, By Product, 2021-2029 (USD Million)

75 Indonesia Ammunition Market, By End-use, 2021-2029 (USD Million)

76 Vietnam Ammunition Market, By Caliber, 2021-2029 (USD Million)

77 Vietnam Ammunition Market, By Product, 2021-2029 (USD Million)

78 Vietnam Ammunition Market, By End-use, 2021-2029 (USD Million)

79 Taiwan Ammunition Market, By Caliber, 2021-2029 (USD Million)

80 Taiwan Ammunition Market, By Product, 2021-2029 (USD Million)

81 Taiwan Ammunition Market, By End-use, 2021-2029 (USD Million)

82 Rest of Asia Pacific Ammunition Market, By Caliber, 2021-2029 (USD Million)

83 Rest of Asia Pacific Ammunition Market, By Product, 2021-2029 (USD Million)

84 Rest of Asia Pacific Ammunition Market, By End-use, 2021-2029 (USD Million)

85 Middle East and Africa Ammunition Market, By Caliber, 2021-2029 (USD Million)

86 Middle East and Africa Ammunition Market, By Product, 2021-2029 (USD Million)

87 Middle East and Africa Ammunition Market, By End-use, 2021-2029 (USD Million)

88 Middle East and Africa Ammunition Market, By Country, 2021-2029 (USD Million)

89 Saudi Arabia Ammunition Market, By Caliber, 2021-2029 (USD Million)

90 Saudi Arabia Ammunition Market, By Product, 2021-2029 (USD Million)

91 Saudi Arabia Ammunition Market, By End-use, 2021-2029 (USD Million)

92 UAE Ammunition Market, By Caliber, 2021-2029 (USD Million)

93 UAE Ammunition Market, By Product, 2021-2029 (USD Million)

94 UAE Ammunition Market, By End-use, 2021-2029 (USD Million)

95 Israel Ammunition Market, By Caliber, 2021-2029 (USD Million)

96 Israel Ammunition Market, By Product, 2021-2029 (USD Million)

97 Israel Ammunition Market, By End-use, 2021-2029 (USD Million)

98 South Africa Ammunition Market, By Caliber, 2021-2029 (USD Million)

99 South Africa Ammunition Market, By Product, 2021-2029 (USD Million)

100 South Africa Ammunition Market, By End-use, 2021-2029 (USD Million)

101 Rest of Middle East and Africa Ammunition Market, By Caliber, 2021-2029 (USD Million)

102 Rest of Middle East and Africa Ammunition Market, By Product, 2021-2029 (USD Million)

103 Rest of Middle East and Africa Ammunition Market, By End-use, 2021-2029 (USD Million)

104 Central and South America Ammunition Market, By Caliber, 2021-2029 (USD Million)

105 Central and South America Ammunition Market, By Product, 2021-2029 (USD Million)

106 Central and South America Ammunition Market, By End-use, 2021-2029 (USD Million)

107 Central and South America Ammunition Market, By Country, 2021-2029 (USD Million)

108 Brazil Ammunition Market, By Caliber, 2021-2029 (USD Million)

109 Brazil Ammunition Market, By Product, 2021-2029 (USD Million)

110 Brazil Ammunition Market, By End-use, 2021-2029 (USD Million)

111 Argentina Ammunition Market, By Caliber, 2021-2029 (USD Million)

112 Argentina Ammunition Market, By Product, 2021-2029 (USD Million)

113 Argentina Ammunition Market, By End-use, 2021-2029 (USD Million)

114 Chile Ammunition Market, By Caliber, 2021-2029 (USD Million)

115 Chile Ammunition Market, By Product, 2021-2029 (USD Million)

116 Chile Ammunition Market, By End-use, 2021-2029 (USD Million)

117 Rest of Central and South America Ammunition Market, By Caliber, 2021-2029 (USD Million)

118 Rest of Central and South America Ammunition Market, By Product, 2021-2029 (USD Million)

119 Rest of Central and South America Ammunition Market, By End-use, 2021-2029 (USD Million)

120 Northrop Grumman Corporation: Products & Services Offering

121 General Dynamics Corporation: Products & Services Offering  

122 Olin Corporation: Products & Services Offering 

123 BAE Systems: Products & Services Offering             

124 Thales Group: Products & Services Offering          

125 RHEINMETAL AG: Products & Services Offering         

126 Nexter KNDS group: Products & Services Offering              

127 Elbit Systems: Products & Services Offering          

128 Nammo AS, Inc: Products & Services Offering         

129  ST Engineering among: Products & Services Offering      

130 Other Companies: Products & Services Offering  

LIST OF FIGURES

1 Global Ammunition Market Overview

2 Global Ammunition Market Value From 2021-2029 (USD Mllion)

3 Global Ammunition Market Share, By Caliber (2023)

4 Global Ammunition Market Share, By Product (2023)

5 Global Ammunition Market Share, By End-use (2023)

6 Global Ammunition Market, By Region (Asia Pacific Market)

7 Technological Trends In Global Ammunition Market

8 Four Quadrant Competitor Positioning Matrix

9 Impact Of Macro & Micro Indicators On The Market

10 Impact Of Key Drivers On The Global Ammunition Market

11 Impact Of Challenges On The Global Ammunition Market

12 Porter’s Five Forces Analysis

13 Global Ammunition Market: By Caliber Scope Key Takeaways

14 Global Ammunition Market, By Caliber Segment: Revenue Growth Analysis

15 Small Caliber Market, By Region, 2021-2029 (USD Mllion)    

16 Medium Caliber Market, By Region, 2021-2029 (USD Mllion)

17 Large Caliber Market, By Region, 2021-2029 (USD Mllion)    

18 Others Market, By Region, 2021-2029 (USD Mllion)    

19 Global Ammunition Market: By Product Scope Key Takeaways

20 Global Ammunition Market, By Product Segment: Revenue Growth Analysis

21 Rimfire Market, By Region, 2021-2029 (USD Mllion)   

22 Centerfire Market, By Region, 2021-2029 (USD Mllion)          

23 Global Ammunition Market: By End-use Scope Key Takeaways

24 Global Ammunition Market, By End-use Segment: Revenue Growth Analysis

25 Civil & Commercial Market, By Region, 2021-2029 (USD Mllion)      

26 Defense Market, By Region, 2021-2029 (USD Mllion)

27 Regional Segment: Revenue Growth Analysis

28 Global Ammunition Market: Regional Analysis

29 North America Ammunition Market Overview

30 North America Ammunition Market, By Caliber

31 North America Ammunition Market, By Product

32 North America Ammunition Market, By End-use

33 North America Ammunition Market, By Country

34 U.S. Ammunition Market, By Caliber

35 U.S. Ammunition Market, By Product

36 U.S. Ammunition Market, By End-use

37 Canada Ammunition Market, By Caliber

38 Canada Ammunition Market, By Product

39 Canada Ammunition Market, By End-use

40 Mexico Ammunition Market, By Caliber

41 Mexico Ammunition Market, By Product

42 Mexico Ammunition Market, By End-use

43 Four Quadrant Positioning Matrix

44 Company Market Share Analysis

45 Northrop Grumman Corporation: Company Snapshot

46 Northrop Grumman Corporation: SWOT Analysis

47 Northrop Grumman Corporation: Geographic Presence

48 General Dynamics Corporation: Company Snapshot

49 General Dynamics Corporation: SWOT Analysis

50 General Dynamics Corporation: Geographic Presence

51 Olin Corporation: Company Snapshot

52 Olin Corporation: SWOT Analysis

53 Olin Corporation: Geographic Presence

54 BAE Systems: Company Snapshot

55 BAE Systems: Swot Analysis

56 BAE Systems: Geographic Presence

57 Thales Group: Company Snapshot

58 Thales Group: SWOT Analysis

59 Thales Group: Geographic Presence

60 RHEINMETAL AG: Company Snapshot

61 RHEINMETAL AG: SWOT Analysis

62 RHEINMETAL AG: Geographic Presence

63 Nexter KNDS group : Company Snapshot

64 Nexter KNDS group : SWOT Analysis

65 Nexter KNDS group : Geographic Presence

66 Elbit Systems: Company Snapshot

67 Elbit Systems: SWOT Analysis

68 Elbit Systems: Geographic Presence

69 Nammo AS, Inc.: Company Snapshot

70 Nammo AS, Inc.: SWOT Analysis

71 Nammo AS, Inc.: Geographic Presence

72 ST Engineering among: Company Snapshot

73 ST Engineering among: SWOT Analysis

74 ST Engineering among: Geographic Presence

75 Other Companies: Company Snapshot

76 Other Companies: SWOT Analysis

77 Other Companies: Geographic Presence

The Global Ammunition Market has been studied from the year 2019 till 2029. However, the CAGR provided in the report is from the year 2024 to 2029. The research methodology involved three stages: Desk research, Primary research, and Analysis & Output from the entire research process.

Ammunition Market Size

The desk research involved a robust background study which meant referring to paid and unpaid databases to understand the market dynamics; mapping contracts from press releases; identifying the key players in the market, studying their product portfolio, competition level, annual reports/SEC filings & investor presentations; and learning the demand and supply-side analysis for the Ammunition Market.

Ammunition Market Growth

The primary research activity included telephonic conversations with more than 50 tier 1 industry consultants, distributors, and end-use product manufacturers.

Ammunition Market Trends

Finally, based on the above thorough research process, an in-depth analysis was carried out considering the following aspects: market attractiveness, current & future market trends, market share analysis, SWOT analysis of the company and customer analytics.

Ammunition Market Share

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Frequently Asked Questions

The global ammunition market is estimated to exhibit a CAGR of 3.9% from 2024 to 2029.
Northrop Grumman Corporation, General Dynamics Corporation, Olin Corporation, BAE Systems, Thales Group, Rheinmetal AG, Nexter KNDS group, Elbit Systems, Nammo AS, and ST Engineering, among others, are some of the key players in the global ammunition market.
Ammunition producers have an opportunity to engage in recycling technology and create eco-friendly explosives substitutes as the focus on environmental sustainability and resource conservation grows. This covers the creation of lead-free projectiles as well as the recycling of used cartridges. Additionally, expanding consumer demand for specialist ammunition designed for particular uses, like non-lethal munitions, armor-piercing rounds, and tracer ammunition, offers producers an opportunity to expand their product lines and target specialized markets.
The primary factors propelling the market growth are the heightened geopolitical tensions and regional conflicts, and emphasis on military modernization programs. Additionally, growing popularity of sport-shooting along with the increasing investments in research and development by ammunition manufacturers are expected to support the market growth.

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