The global ammunition market size was valued at USD 22.35 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.2% from 2022 to 2030. A rise in the number of terrorist activities and hostilities across the globe is likely to increase the procurement of defense equipment by prominent militaries across the globe, which will further drive the market for ammunition over the forecast period. Rising trends for sports and shooting that utilize rifles and pistols are expected to increase the penetration of small-caliber ammunition in the projected time. Moreover, technological advancements in the market have introduced lightweight bullets made from polymer-based cases and thus are projected to support the market growth.
Gather more insights about the market drivers, restrains and growth of the Global Ammunition market
High investments by the U.S. government for enhancements in military and armed forces are expected to support the market growth in the country. The procurement of small caliber ammunition by civilians and the homeland security department is expected to bolster the overall market growth. Moreover, enhancement of sales channels such as online sales in the country is likely to supplement the growth. A rise in the adoption of advanced materials for the production of lightweight ammunition is expected to lead to fuel-efficient transportation, which, in turn, reduces the overall transportation cost. Furthermore, the above-mentioned trend is anticipated to enable transportation of more rounds within the same weight limits, thereby positively impacting the market growth.
Commercially, these ammunition products are not widely available on account of the restrictions on weapons in major economies. However, defense organizations in major territories have agreed on the procurement of these products to enhance security capabilities. Moreover, enhancements in the military by major economies like China, India, France, and Russia are expected to support the market growth in the estimated time. The market globally is characterized by collaborations and acquisitions between major players and the government for the long term. Several governments across the globe, especially India, are aiming to enhance their defense forces through procurement and development of indigenous production facilities from foreign players.
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Ammunition Market Segmentation
Grand View Research has segmented the global ammunition market on the basis of caliber, product, end use, and region:
Ammunition Caliber Outlook (Revenue, USD Million, 2017 - 2030)
- Small Caliber
o 5.56 mm
o 7.62 mm
o 7.62 x 51 mm
o 7.62 x 39 mm
o Others
9 mm
o 9 x 18 mm
o 9 x 19 mm
o Others
Medium Caliber
23 mm
30 mm
Others
Large Caliber
VSHORAD
122 mm
Others
Rockets, Missiles, and Other
Tank Ammunition
Artillery Ammunition
Ammunition Product Outlook (Revenue, USD Million, 2017 - 2030)
- Rimfire
- Centerfire
Ammunition End-use Outlook (Revenue, USD Million, 2017 - 2030)
- Civil & Commercial
o Sports
o Hunting
o Self Defense
- Defense
o Military
o Law Enforcement
Ammunition Regional Outlook (Revenue, USD Million, 2017 - 2030)
- North America
o U.S.
o Canada
o Mexico
- Europe
o Germany
o U.K.
o France
o Spain
o Russia
o Turkey
o Czech Republic
o Poland
- Asia Pacific
o China
o Japan
o India
o South Korea
o Australia
o Singapore
- Central & South America
o Brazil
o Argentina
- Middle East & Africa
o Saudi Arabia
o UAE
Market Share Insights
December 2021 - Defense Company BAE Systems has pledged to take on more than 1,700 apprentices and graduates. The firm said it will recruit a "record" number of trainees across the UK in 2022, with the largest single intake being at its facility in Barrow. The company said the Cumbria site will take on 323 apprentices, 33 undergraduates and 97 graduates to work on the Dreadnought nuclear deterrent submarine programme.
July 2021: Olin Corporation (NYSE: OLN) announced today it has entered into an agreement with ASHTA Chemicals, Inc. to purchase and sell the chlorine produced at ASHTA's Ashtabula, OH facility. Existing contracts will be honored for chlorine customers of both companies.
Key Companies profiled:
Some prominent players in the global Ammunition market include
- Northrop Grumman Corporation
- FN Herstal
- Olin Corporation
- General Dynamics Corporation
- BAE Systems, Inc.
- Rheinmetall Defense
- Nexter KNDS Group
- Hanwha Corporation
- ST Engineering
- Remington Arms Company LLC
- Vista Outdoor Operations LLC
Order a free sample PDF of the Ammunition Market Intelligence Study, published by Grand View Research.
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