Ammunition Market – Global Industry Analysis and Forecast (2023-2029)

Ammunition Market was valued at US$ 28.02 Bn in 2022 and is expected to reach US$ 36.95  Bn by 2029, at a CAGR of 4.03% during a forecast period.

Ammunition Market Dynamics

Major driving factors of the Ammunition Market are the developing economic growth is growing faster and investing larger fund for firearms and ammunition, Increasing threats from terrorist activities and geopolitical disputes are keeping this industry in positive impact with rise in demand purchased ammunition in recent years. Over the decade, the industry’s growth has been driven by an unprecedented number of Technological advancements for exercise to their fundamental right to keep and bear arms and purchase a firearm and ammunition. Sports involving firearms are one of the major contributors in modern day ammunition market. Manufacture, distributer, and sell sporting firearms, ammunition, and supplies are an important part of the growing market.  Government policies and trade policies issues will act as restraint to the market.Ammunition MarketTo know about the Research Methodology :- Request Free Sample Report

COVID-19 impact on market:

COVID-19 has the potential to have three major effects on the global economy: directly impacting production and demand, causing supply chain and market disruption, and having a financial impact on businesses and financial markets. Our analysts, who are monitoring the situation throughout the world, believe that the market would provide producers with lucrative opportunities following the COVID-19 dilemma. The report includes a detailed study of Porter’s Five Forces model to analyze the different factors affecting the growth of the market. Moreover, the study also covers a market attractiveness analysis, brand portfolio expansion, mergers, collaborations, joint ventures, acquisitions, PESTLE analysis, Value Chain Analysis, and SWOT analysis.

Ammunition Market Segment Analysis

Based on the Product, Rocket is expected to hold the largest share in the market during the forecast period. Rockets are fastest growing defense ammunition and as a trade opportunities observing over the past year, which have been looking to bolster security. Aerospace and defense companies to further engage in global exports of rockets and uncover strategic growth markets. Military aircraft, including all aircraft, helicopters, fighter jets and military spacecraft, and guided rockets are having demand for saving their land from unexpected war moments. Rocket and missile are majorly used in the sea and land domains to be utilize. An increase in military aircraft sales naturally leads to increased business for manufacturers of missiles, bombs and ammunition associated with those platforms. In End-Use, Defense is also expected to lead the market growth. Defense is in higher manufacturing equipment’s as a high-tech and still evolving though it has already gained importance in the manufacturing sector. Economists and political scientists are also keenly studying the various aspects of the Defense technology which they believe will have a major impact on globalization and geopolitics, among other things.

Regional Analysis

In terms of region, North America is expected to hold the largest share in the market during the forecast period. The vast majority of outlooks in North American Aerospace and Defense companies are stable and most of the non-stable outlooks are related to pending acquisitions. The U.S. defense budget increased by more than 10% in fiscal year 2018 to $590 billion. The U.S. government continues to look for the best technology at the most affordable price even though overall defense spending has increased. Higher levels of U.S. defense spending should also be bolstered by solid demand from countries in the Middle East, Asia, and Europe for missile defense and other weapons systems In Trends - 9mm is clearly the caliber of choice for most shooters today. Many factors are contributing to this, such as a higher volume of new shooters entering the market and settling on 9mm as their caliber of choice.

Ammunition Market Scope : Inquire before buying

Ammunition Market
Report Coverage Details
Base Year: 2022 Forecast Period: 2023-2029
Historical Data: 2018 to 2022 Market Size in 2022: US $ 28.02 Bn.
Forecast Period 2023 to 2029 CAGR: 4.03% Market Size in 2029: US $ 36.95 Bn.
Segments Covered: by Product Bullet Rocket Mortars Others
by End-Use Civil Defense
by Application Non-lethal Lethal
by Components Fuzes & Primers GunPowder Cases Projectiles and warheads Others
by Caliber Small Medium Large

 Ammunition Market, by Region

North America (United States, Canada and Mexico) Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe) Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC) Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A) South America (razil, Argentina Rest of South America)

Key Players:

1. Remington Arms Company, Inc. 2. BAE Systems 3. General Dynamics Corporation 4. Federal Premium Ammunition 5. Poongsan Corporation 6. Ruag Ammotec 7. Companhia Brasileira de Cartuchos 8. Fiocchi Munizioni 9. Hornady Manufacturing Company, Inc 10 Nammo A.S. 11 Nexter Group 12 Orbital ATK, Inc 13 Prvi Partizan A.D 14 RUAG Group 15 Northrop Grumman Corporation 16 Olin Corporation 17 Thales Group 18 Rheinmetal AG 19 Elbit Systems 20 ST Engineering Frequently Asked Questions: 1. Which region has the largest share in Global Ammunition Market? Ans: North America region holds the highest share in 2022. 2. What is the growth rate of Global Ammunition Market? Ans: The Global Ammunition Market is growing at a CAGR of 4.03% during forecasting period 2023-2029. 3. What segments are covered in Global Ammunition market? Ans: Global Ammunition Market is segmented into product, end use and region. 4. Who are the key players in Global Ammunition market? Ans: The important key players in the Global Ammunition Market are – BAE Systems General Dynamics Corporation, Federal Premium Ammunition, Poongsan Corporation, Ruag Ammotec, Fiocchi Munizioni, Nammo A.S., Nexter Group, Orbital ATK, Inc, Prvi Partizan A.D, RUAG Group 5. What is the study period of this market? Ans: The Global Ammunition Market is studied from 2022 to 2029.
1. Global Ammunition Market: Research Methodology 2. Global Ammunition Market: Executive Summary 2.1 Market Overview and Definitions 2.1.1. Introduction to Global Ammunition Market 2.2. Summary 2.2.1. Key Findings 2.2.2. Recommendations for Investors 2.2.3. Recommendations for Market Leaders 2.2.4. Recommendations for New Market Entry 3. Global Ammunition Market: Competitive Analysis 3.1 MMR Competition Matrix 3.1.1. Market Structure by region 3.1.2. Competitive Benchmarking of Key Players 3.2 Consolidation in the Market 3.2.1 M&A by region 3.3 Key Developments by Companies 3.4 Market Drivers 3.5 Market Restraints 3.6 Market Opportunities 3.7 Market Challenges 3.8 Market Dynamics 3.9 PORTERS Five Forces Analysis 3.10 PESTLE 3.11. Regulatory Landscape by region • North America • Europe • Asia Pacific • The Middle East and Africa • South America 3.12 COVID-19 Impact 4. Global Ammunition Market Segmentation 4.1 Global Ammunition Market, by Product (2022-2029) • Bullet • Rocket • Mortars • Others 4.2 Global Ammunition Market, by End-Use (2022-2029) • Civil • Defense 4.3 Global Ammunition Market, by Application (2022-2029) • Non-lethal • Lethal 4.4 Global Ammunition Market, by Components (2022-2029) • Fuzes & Primers • GunPowder • Cases • Projectiles and warheads • Others 4.5 Global Ammunition Market, by Caliber (2022-2029) • Small • Medium • Large 5. North America Ammunition Market(2022-2029) 5.1 North America Ammunition Market, by Product (2022-2029) • Bullet • Rocket • Mortars • Others 5.2 North America Ammunition Market, by End-Use (2022-2029) • Civil • Defense 5.3 North America Ammunition Market, by Application (2022-2029) • Non-lethal • Lethal 5.4 North America Ammunition Market, by Components (2022-2029) • Fuzes & Primers • GunPowder • Cases • Projectiles and warheads • Others 5.5 North America Ammunition Market, by Caliber (2022-2029) • Small • Medium • Large 5.6 North America Ammunition Market, by Country (2022-2029) • United States • Canada • Mexico 6. Europe Ammunition Market (2022-2029) 6.1. European Ammunition Market, by Product (2022-2029) 6.2. European Ammunition Market, by End-Use (2022-2029) 6.3. European Ammunition Market, by Application (2022-2029) 6.4. European Ammunition Market, by Components (2022-2029) 6.5. European Ammunition Market, by Caliber (2022-2029) 6.6. European Ammunition Market, by Country (2022-2029) • UK • France • Germany • Italy • Spain • Sweden • Austria • Rest Of Europe 7. Asia Pacific Ammunition Market (2022-2029) 7.1. Asia Pacific Ammunition Market, by Product (2022-2029) 7.2. Asia Pacific Ammunition Market, by End-Use (2022-2029) 7.3. Asia Pacific Ammunition Market, by Application (2022-2029) 7.4. Asia Pacific Ammunition Market, by Components (2022-2029) 7.5. Asia Pacific Ammunition Market, by Caliber (2022-2029) 7.6. Asia Pacific Ammunition Market, by Country (2022-2029) • China • India • Japan • South Korea • Australia • ASEAN • Rest Of APAC 8. Middle East and Africa Ammunition Market (2022-2029) 8.1 Middle East and Africa Ammunition Market, by Product (2022-2029) 8.2. Middle East and Africa Ammunition Market, by End-Use (2022-2029) 8.3. Middle East and Africa Ammunition Market, by Application (2022-2029) 8.4. Middle East and Africa Ammunition Market, by Components (2022-2029) 8.5. Middle East and Africa Ammunition Market, by Caliber (2022-2029) 8.6. Middle East and Africa Ammunition Market, by Country (2022-2029) • South Africa • GCC • Egypt • Nigeria • Rest Of ME&A 9. South America Ammunition Market (2022-2029) 9.1. South America Ammunition Market, by Product (2022-2029) 9.2. South America Ammunition Market, by End-Use (2022-2029) 9.3. South America Ammunition Market, by Application (2022-2029) 9.4. South America Ammunition Market, by Components (2022-2029) 9.5. South America Ammunition Market, by Caliber (2022-2029) 9.6. South America Ammunition Market, by Country (2022-2029) • Brazil • Argentina • Rest Of South America 10. Company Profile: Key players 10.1 Remington Arms Company, Inc. 10.1.1. Company Overview 10.1.2. Financial Overview 10.1.3. Global Presence 10.1.4. Capacity Portfolio 10.1.5. Business Strategy 10.1.6. Recent Developments 10.2 BAE Systems 10.3 General Dynamics Corporation 10.4 Federal Premium Ammunition 10.5 Poongsan Corporation 10.6 Ruag Ammotec 10.7 Companhia Brasileira de Cartuchos 10.8 Fiocchi Munizioni 10.9 Hornady Manufacturing Company, Inc 10.10 Nammo A.S. 10.11 Nexter Group 10.12 Orbital ATK, Inc 10.13 Prvi Partizan A.D 10.14 RUAG Group 10.15 Northrop Grumman Corporation 10.16 Olin Corporation 10.17 Thales Group 10.18 Rheinmetal AG 10.19 Elbit Systems 10.20 ST Engineering

About This Report

Report ID 25090
Category Aerospace and Defense
Published Date June 2023
Updated Date
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