The global ammunition market is anticipated to grow significantly at a CAGR of 3.2% over the forecast period. The global ammunition market is segmented based on type, application, and end-user. Based on the type, the market is further segmented into the small caliber, medium caliber, large caliber, and others. The small caliber ammunition segment is estimated to hold a prominent share in the market, attributing to the vast application of small caliber ammunition such as in shotguns pistols, rifles, revolvers, and assault rifles. Further, the segment is estimated to grow significantly during the forecast period owing to its increasing demand from homeland security forces to restrain the increasing armed conflicts.
Based on application, the market is divided into civil & commercial applications and defence applications. The ammunitions have a major application in the defence industry and contributed a significant share in the market. The growth is accredited to the increasing geopolitical tension, and disputes created a massive demand for ammunition in the defence industry. The military organizations across the globe are modernizing their weaponry, which in turn, is driving the ammunition market. Moreover, the increasing defence spending around the globe has a significant impact on the segmental growth of the market. Whereas, based on the end-user, the market is segmented as civilian and military.
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Market Coverage
- Market number available for – 2021-2029
- Base year- 2021
- Forecast period- 2023-2029
- Segment Covered- By Product Type, Application, and End-User
- Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
- Competitive Landscape- BAE Systems Plc, General Dynamics Corp., Nammo A/S, Nexter Group, Northrop Grumman Corp., Remington Arms Co., Rheinmetall AG, Sierra Bullets, and Vista Outdoor Inc. among others
Ammunition Market – Segmentation
By Product Type
- Small Caliber
- Medium Caliber
- Large Caliber
- By Application
- Non-Lethal
- Lethal
By End-User
- Civilian
- Military
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Ammunition Market – Segmentation by Region
Regional Analysis
North America
- United States
- Canada
Europe
- UK
- Germany
- Spain
- France
- Italy
- Rest of Europe
Asia-Pacific
- India
- China
- Japan
- South Korea
- Rest of APAC
Rest of The World
- Latin America
- Middle East & Africa
Company Profiles
- Ammo, Inc.
- BAE Systems PLC
- CBC Global Ammunition
- General Dynamics Corp.
- Global Ordnance
- JagemanN Stamping Co.
- MESKO
- Nammo A/S
- Nexter Group
- Northrop Grumman Corp.
- Remington Arms Co.
- Rheinmetall AG
- RUAG Group
- Sierra Bullets
- Vista Outdoor Inc.
- Winchester Ammunition (Olin Corp.)
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