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Ammunition Market Size, Share & Trends Analysis Report by Caliber (Small Caliber, Medium Caliber, Large Caliber, Rockets, Missiles & Other), by Product (Rimfire, Centerfire), by End Use, and Segment Forecasts, 2022-2030

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    Report

  • 140 Pages
  • April 2022
  • Region: Global
  • Grand View Research
  • ID: 4613408

FEATURED COMPANIES

  • Ammo, Inc.
  • Chemring Group plc
  • Hanwha Corporation
  • Nammo As
  • Olin Corporation
  • Ruag Group
The global ammunition market size is expected to reach USD 29.68 billion by 2030. It is expected to expand at a CAGR of 3.2% from 2022 to 2030. Increasing investments in defense equipment by militaries on account of the rise in geopolitical tension across the globe are anticipated to drive the demand for ammunition in the estimated time. Increasing procurement of artillery and mortar platforms by the Indian Army over the next ten years through several development platforms is expected to raise the number of ammunition over the forecast period. Additionally, the rise in hostilities is expected to ascend the demand for ammunition in the Middle Eastern countries in the projected time frame.



Technological innovations for the replacement of brass-based bullet cases using polymer-based bullet cases are expected to offer growth prospects to the market. The application of polymer materials in bullets reduces the ammunition weight by over 40%, wherein the impact of the same is unaffected, thereby making the ammunition lighter and more accurate when compared to conventional bullets. Rising geopolitical issues, warlike situations, and increasing terrorist activities across the globe are leading to the rise in stockpiling of ammunition by prominent militaries and armed forces. This strategy is likely to offer cost savings as the ammunition is purchased in high volume at cheap prices. This is anticipated to support the market growth in the estimated time.

Hunting in the European Union has led to an accumulation legacy of lead discharged from spent ammunition. This lead exhibits harmful toxic effects on the wildlife, environment, and humans who consume the hunted game meat. Thus, non-toxic lead substitutes for both shotgun and rifle ammunition have been developed and required in some jurisdictions of the European Union. In the European Union, more than 25 companies manufacture or distribute lead-free shotgun ammunition and further 14 companies distribute lead-free rifle ammunition. However, the wide transition in terms of using lead-free ammunition has been resisted by ammunition-making and hunting communities in the region.

Ammunition Market Report Highlights

  • by caliber, small caliber emerged as the largest segment in 2021 majorly due to a wide range of applications including assault rifles, handguns, and pistons.
  • Based on product, the centerfire segment accounted for the largest revenue share in 2021 and is projected to witness the fastest growth over the forecast period as it is defined as a universal standard in most of the defense forces across the globe.
  • On the basis of end use, the defense segment emerged as the largest segment in 2021 majorly due to rising ammunition procurement by homeland security forces.
  • The industry in Asia Pacific is expected to register an exponential CAGR of 4.6% over the forecast period, primarily due to the upgrading of defense forces across countries such as China, India, Australia, and Singapore.
  • The U.S. led the North American market in 2021 and is expected to grow substantially during the forecast years, mainly due to rising defense expenditure in the economy, coupled with intensive training activities conducted by the country’s defense forces.


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Frequently Asked Questions about the Global Ammunition Market

What is the estimated value of the Global Ammunition Market?

The Global Ammunition Market was estimated to be valued at $23.3 Billion in 2022.

What is the growth rate of the Global Ammunition Market?

The growth rate of the Global Ammunition Market is 3.2%, with an estimated value of $29.7 Billion by 2030.

What is the forecasted size of the Global Ammunition Market?

The Global Ammunition Market is estimated to be worth $29.7 Billion by 2030.

Who are the key companies in the Global Ammunition Market?

Key companies 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 and Remington Arms Company LLC.

FEATURED COMPANIES

  • Ammo, Inc.
  • Chemring Group plc
  • Hanwha Corporation
  • Nammo As
  • Olin Corporation
  • Ruag Group

Chapter 1 Methodology and Scope
1.1 Market Segmentation & Scope
1.2 Assumptions
1.3 Information Procurement
1.3.1 Purchased Database
1.3.2 Internal Database
1.3.3 Secondary Sources
1.3.4 Third Party Perspective
1.3.5 Primary Research
1.4 Information Analysis
1.4.1 Data Analysis Models
1.5 Market Formulation and Data Visualization
1.6 Data Validation and Publishing
Chapter 2 Executive Summary
2.1 Market Snapshot
Chapter 3 Ammunition Market Variables, Trends & Scope
3.1 Penetration & Growth Prospect Mapping
3.2 Ammunition Market- Value Chain Analysis
3.2.1 Outsourcing & Contract Manufacturing Trends
3.2.2 Sales Channel Analysis
3.2.3 List of End-Users
3.2.4 Vendor Selection Criteria Analysis
3.3 Technology Overview
3.4 Regulatory Framework
3.4.1 Regulations on Lead Ammunition
3.5 Ammunition-Market Dynamics
3.5.1 Market Driver Analysis
3.5.1.1 Rising Global military expenditure
3.5.1.2 Rising Terrorism and Political Violence
3.5.2 Market Restraint analysis
3.5.2.1 Rising Arms Trafficking
3.5.3 Industry Challenges
3.5.3.1 Challenge of Arms & Ammunition Market Proliferation
3.5.4 Growth Opportunity Assessment
3.5.4.1 Rise of stockpiling trends
3.6 Ammunition Market-Business Environment Analysis Tools
3.6.1 Industry Analysis: Porter’s
3.6.2 PESTEL Analysis
3.7 Major Deals & Strategic Alliances Analysis
3.8 Case Studies
3.9 Capacity Expansion Plans and its Impact on the Industry
3.9.1 Production Capacity Increases and Shutdowns
Chapter 4 Ammunition Market: Caliber Estimates & Trend Analysis
4.1 Ammunition Market-Caliber Movement Analysis, 2021 & 2030
4.2 Small Caliber
4.2.1 Small caliber ammunition market estimates and forecasts, 2017-2030 (USD Million)
4.2.1.1 7.62 mm caliber ammunition market estimates and forecasts, by caliber, 2017-2030 (USD Million)
4.2.1.2 9 mm caliber ammunition market estimates and forecasts, by caliber, 2017-2030 (USD Million)
4.3 Medium Caliber
4.3.1 Medium caliber ammunition market estimates and forecasts, 2017-2030 (USD Million)
4.3.1.1 Medium caliber ammunition market estimates and forecasts, by caliber, 2017-2030 (USD Million)
4.4 Large Caliber
4.4.1 Large caliber ammunition market estimates and forecasts, 2017-2030 (USD Million)
4.4.1.1 Large caliber ammunition market estimates and forecasts, by caliber, 2017-2030 (USD Million)
4.5 Rockets & Missiles
4.5.1 Rockets & missiles ammunition market estimates and forecasts, 2017-2030 (USD Million)
4.5.1.1 Rockets & missiles ammunition market estimates and forecasts, by caliber, 2017-2030 (USD Million)
Chapter 5 Ammunition Market: Product Estimates & Trend Analysis
5.1 Ammunition Market-Product Movement Analysis, 2021 & 2030
5.2 Rimfire
5.2.1 Rimfire ammunition market estimates and forecasts, 2017-2030 (USD Million)
5.3 Centerfire
5.3.1 Centerfire ammunition market estimates and forecasts, 2017-2030 (USD Million)
Chapter 6 Ammunition Market: End-use Estimates & Trend Analysis
6.1 Ammunition Market-End-use Movement Analysis, 2021 & 2030
6.2 Civil & Commercial (Sporting, Hunting, Self-Defense, and Others)
6.2.1 Ammunition market estimates and forecasts, in civil & commercial end use, 2017-2030 (USD Million)
6.2.1.1 Civil & commercial ammunition market estimates and forecasts, by end use, 2017-2030 (USD Million)
6.3 Defense (Military, Law Enforcement)
6.3.1 Ammunition market estimates and forecasts, in defense end use, 2017-2030 (USD Million)
6.3.1.1 Defense ammunition market estimates and forecasts, by end use, 2017-2030 (USD Million)
  • 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
  • Chemring Group plc
  • Maxamcorp Holding, S.L.
  • Denel Soc Ltd.
  • Ruag Group
  • Poongsan Corporation
  • Nammo As
  • Nosler, Inc.
  • Cbc Ammo LLC
  • Sierra Bullets
  • Starline Brass, Inc.
  • Hornady Manufacturing Company, Inc.
  • Winchester Ammunition, Inc.
  • Jageman Stamping Co.
  • Ammo, Inc.

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