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North America Ammunition Market Forecast to 2028 - COVID-19 Impact and Regional Analysis - by Product, Application, Guidance, Lethality, and Caliber

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    Report

  • 181 Pages
  • November 2022
  • Region: North America
  • The Insight Partners
  • ID: 5701525
UP TO OFF until Mar 15th 2023
The ammunition market in North America is expected to grow from US$ 14,420.06 million in 2022 to US$ 23,144.92 million by 2028. It is estimated to grow at a CAGR of 8.2% from 2022 to 2028.

The rise in military expenditure is one of the major factors that is promoting the procurement of ammunition and guns worldwide. For instance, according to the SIPRI data, the US spent ~US$ 734 billion, US$ 778 billion, and US$ 800 billion in its military expenditure in 2019, 2020, and 2021, respectively. The sudden increase in demand for ammunition since 2020 is also driving the ammunition market growth. The firearm & ammunition industry witnessed huge increase from 2020 to 2021, according to several defense sources that have increased the procurement of ammunition. Moreover, commercial applications such as hunting and other shooting sports have witnessed a rise in demand for ammunition and firearms, which is catalyzing the ammunition industry.

Market Overview

  • Based on country, the North America ammunition market is segmented into the US, Canada, and Mexico. The growing threat from terrorism and lenient gun laws are expected to promote the usage of bullets in the region. Over the years, according to the data published by Stockholm International Peace Research Institute (SIPRI), the US recorded an increase in military expenses, from US$ 801.68 billion in 2020 to US$ 827.12 billion in 2021. The increase in military expenditure by North American countries influences the growth of the North American ammunition market.
Increased use of munitions by armed forces and a high number of terrorist incidents led to more use of ammo in North America, which are expected to boost the ammunition market growth in the region. North American government and companies has entered into numerous contracts with major ammunition market players for the supply of ammunition, thereby driving the growth of the ammunition market in the region.

North America Ammunition Market Segmentation

The North America ammunition market is segmented into product, application, guidance, lethality, caliber, and country.
The North America ammunition market, by product type, is segmented into bullets, aerial bombs, grenades, artillery shells, mortars, and others. In 2021, the aerial bombs segment dominated market.
The ammunition market by application is segmented into defense and commercial. In 2021, the defense segment dominated the North America ammunition market.
The North America ammunition market, by guidance, is segmented into guided and non-guided. In 2021, the guided segment held a larger market share in 2021.
The North America ammunition market by lethality is segmented into non-lethal and lethal. In 2021, the lethal segment held a larger market share in 2021.
The North America ammunition market, by caliber, is segmented into small caliber ammunitions, medium caliber ammunitions, and large caliber ammunitions. In 2021, the large caliber ammunitions segment held the largest market share in 2021.
  • Based on country, the market is segmented into the US, Canada, and Mexico. The Us dominated the market in 2021. AMTEC Corporation, BAE Systems, Elbit Systems Ltd, NAMMO AS, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, RUAG Group, Thales Group, and Vista Outdoor Operations LLC are the leading companies operating in the ammunition market in the region.
Frequently Asked Questions about the North American Ammunition Market

What is the estimated value of the North American Ammunition Market?

The North American Ammunition Market was estimated to be valued at $14420.06 Million in 2022.

What is the growth rate of the North American Ammunition Market?

The growth rate of the North American Ammunition Market is 8.2%, with an estimated value of $23144.92 Million by 2028.

What is the forecasted size of the North American Ammunition Market?

The North American Ammunition Market is estimated to be worth $23144.92 Million by 2028.

Who are the key companies in the North American Ammunition Market?

Key companies in the North American Ammunition Market include Amtec Corporation, Bae Systems, Elbit Systems Ltd, Nammo As, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall Ag, Ruag Group and Vista Outdoor Operations Llc.

Table of Contents

1. Introduction
1.1 Study Scope
1.2 Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. North America Ammunition Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
5. North America Ammunition Market - Key Market Dynamics
5.1 Market Drivers
5.1.1 Surge in Military Spending Promotes Procurement of Ammunitions
5.1.2 Upcoming of Lightweight Ammunitions
5.2 Key Market Restraints
5.2.1 Shortage of Ammunition After FY 2020
5.3 Future Trends
5.3.1 Technological Advancements Across Firearms Industry
5.4 Impact Analysis of Drivers and Restraints
6. Ammunition Market - North America Analysis
6.1 North America Ammunition Market Global Overview
6.2 North America Ammunition Market Forecast and Analysis
7. North America Ammunition Market Analysis - by Product
7.1 Overview
7.2 North America Ammunition Market Breakdown, by Product, 2021 and 2028
7.3 Bullets
7.3.1 Overview
7.3.2 Bullets: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
7.4 Aerial Bomb
7.4.1 Overview
7.4.2 Aerial Bomb: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
7.5 Grenades
7.5.1 Overview
7.5.2 Grenades: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
7.6 Artillery Shells
7.6.1 Overview
7.6.2 Artillery Shells: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
7.7 Mortars
7.7.1 Overview
7.7.2 Mortars: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
8. North America Ammunition Market Analysis - by Application
8.1 Overview
8.2 North America Ammunition Market Breakdown, by Application, 2021 and 2028
8.3 Defense
8.3.1 Overview
8.3.2 Defense: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
9. North America Ammunition Market Analysis - by Guidance
9.1 Overview
9.2 North America Ammunition Market Breakdown, by Guidance, 2021 and 2028
9.3 Guided
9.3.1 Overview
9.3.2 Guided: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
9.4 Non-Guided
9.4.1 Overview
9.4.2 Non-Guided: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
10. North America Ammunition Market Analysis - by Lethality
10.1 Overview
10.2 North America Ammunition Market Breakdown, by Lethality, 2021 and 2028
10.3 Non-Lethal
10.3.1 Overview
10.3.2 Non-Lethal: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
10.4 Lethal
10.4.1 Overview
10.4.2 Lethal: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
11. North America Ammunition Market Analysis - by Caliber
11.1 Overview
11.2 North America Ammunition Market Breakdown, by Caliber, 2021 and 2028
11.3 Small Caliber Ammunition
11.3.1 Overview
11.3.2 Small Caliber Ammunition: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
11.4 Medium Caliber Ammunition
11.4.1 Overview
11.4.2 Medium Caliber Ammunition: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
11.5 Large Caliber Ammunition
11.5.1 Overview
11.5.2 Large Caliber Ammunition: Ammunition Market- Revenue and Forecast to 2028 (US$ Million)
12. North America Ammunition Market - Country Analysis
12.1 Overview
12.1.1 North America: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.1.2 North America: Ammunition Market, by Key Country
12.1.2.1 US: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.1.2.1.1 US: Ammunition Market, by Product
12.1.2.1.2 US: Ammunition Market, by Application
12.1.2.1.3 US: Ammunition Market, by Guidance
12.1.2.1.4 US: Ammunition Market, by Lethality
12.1.2.1.5 US: Ammunition Market, by Caliber
12.1.2.1.5.1 US: Ammunition Market, by Small Caliber Ammunition
12.1.2.1.5.2 US: Ammunition Market, by Medium Caliber Ammunition
12.1.2.1.5.3 US: Ammunition Market, by Large Caliber Ammunition
12.1.2.2 Canada: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.1.2.2.1 Canada: Ammunition Market, by Product
12.1.2.2.2 Canada: Ammunition Market, by Application
12.1.2.2.3 Canada: Ammunition Market, by Guidance
12.1.2.2.4 Canada: Ammunition Market, by Lethality
12.1.2.2.5 Canada: Ammunition Market, by Caliber
12.1.2.2.5.1 Canada: Ammunition Market, by Small Caliber Ammunition
12.1.2.2.5.2 Canada: Ammunition Market, by Medium Caliber Ammunition
12.1.2.2.5.3 Canada: Ammunition Market, by Large Caliber Ammunition
12.1.2.3 Mexico: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
12.1.2.3.1 Mexico: Ammunition Market, by Product
12.1.2.3.2 Mexico: Ammunition Market, by Application
12.1.2.3.3 Mexico: Ammunition Market, by Guidance
12.1.2.3.4 Mexico: Ammunition Market, by Lethality
12.1.2.3.5 Mexico: Ammunition Market, by Caliber
12.1.2.3.5.1 Mexico: Ammunition Market, by Small Caliber Ammunition
12.1.2.3.5.2 Mexico: Ammunition Market, by Medium Caliber Ammunition
12.1.2.3.5.3 Mexico: Ammunition Market, by Large Caliber Ammunition
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
14. Company Profiles
14.1 Northrop Grumman Corporation
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 BAE Systems
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Elbit Systems Ltd.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Raytheon Technologies Corporation
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Vista Outdoor Operations LLC
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 AMTEC Corporation
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 NAMMO AS
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 Rheinmetall AG
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 RUAG Group
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
14.10 Thales Group
14.10.1 Key Facts
14.10.2 Business Description
14.10.3 Products and Services
14.10.4 Financial Overview
14.10.5 SWOT Analysis
14.10.6 Key Developments
15. Appendix
15.1 About the Publisher
15.2 Word Index
List of Tables
Table 1. North America Ammunition Market, Revenue and Forecast, 2020-2028 (US$ Million)
Table 2. US: Ammunition Market, by Product-Revenue and Forecast to 2028 (US$ Million)
Table 3. US: Ammunition Market, by Application-Revenue and Forecast to 2028 (US$ Million)
Table 4. US: Ammunition Market, by Guidance-Revenue and Forecast to 2028 (US$ Million)
Table 5. US: Ammunition Market, by Lethality-Revenue and Forecast to 2028 (US$ Million)
Table 6. US: Ammunition Market, by Caliber-Revenue and Forecast to 2028 (US$ Million)
Table 7. US: Ammunition Market, by Small Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 8. US: Ammunition Market, by Medium Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 9. US: Ammunition Market, by Large Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 10. Canada: Ammunition Market, by Product- Revenue and Forecast to 2028 (US$ Million)
Table 11. Canada: Ammunition Market, by Application - Revenue and Forecast to 2028 (US$ Million)
Table 12. Canada: Ammunition Market, by Guidance-Revenue and Forecast to 2028 (US$ Million)
Table 13. Canada: Ammunition Market, by Lethality-Revenue and Forecast to 2028 (US$ Million)
Table 14. Canada: Ammunition Market, by Caliber-Revenue and Forecast to 2028 (US$ Million)
Table 15. Canada: Ammunition Market, by Small Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 16. Canada: Ammunition Market, by Medium Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 17. Canada: Ammunition Market, by Large Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 18. Mexico: Ammunition Market, by Product- Revenue and Forecast to 2028 (US$ Million)
Table 19. Mexico: Ammunition Market, by Application- Revenue and Forecast to 2028 (US$ Million)
Table 20. Mexico: Ammunition Market, by Guidance-Revenue and Forecast to 2028 (US$ Million)
Table 21. Mexico: Ammunition Market, by Lethality-Revenue and Forecast to 2028 (US$ Million)
Table 22. Mexico: Ammunition Market, by Caliber-Revenue and Forecast to 2028 (US$ Million)
Table 23. Mexico: Ammunition Market, by Small Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 24. Mexico: Ammunition Market, by Medium Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 25. Mexico: Ammunition Market, by Large Caliber Ammunition-Revenue and Forecast to 2028 (US$ Million)
Table 26. List of Abbreviation
List of Figures
Figure 1. North America Ammunition Market Segmentation
Figure 2. North America Ammunition Market Segmentation - Country
Figure 3. North America Ammunition Market Overview
Figure 4. Ammunition Market, By Product
Figure 5. North America Ammunition Market, By Application
Figure 6. North America Ammunition Market, By Guidance
Figure 7. North America Ammunition Market, By Country
Figure 8. Porter’s Five Forces Analysis
Figure 9. North America Ammunition Market- Ecosystem Analysis
Figure 1. Expert Opinion
Figure 1. North America Ammunition Market: Impact Analysis of Drivers and Restraints
Figure 1. North America Ammunition Market, Forecast and Analysis (US$ Million)
Figure 1. North America Ammunition Market Revenue Share, by Product (2021 and 2028)
Figure 1. North America Bullets: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 1. North America Aerial Bomb: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 1. North America Grenades: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 1. North America Artillery Shells: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 1. North America Mortars: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 1. North America Others: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 20. North America Ammunition Market Revenue Share, by Application (2021 and 2028)
Figure 21. North America Defense: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 22. North America Commercial: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 23. North America Ammunition Market Revenue Share, by Guidance (2021 and 2028)
Figure 24. North America Guided: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 25. North America Non-Guided: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 26. North America Ammunition Market Revenue Share, by Lethality (2021 and 2028)
Figure 27. North America Non-Lethal: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 28. North America Lethal: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 29. North America Ammunition Market Revenue Share, by Caliber (2021 and 2028)
Figure 30. North America Small Caliber Ammunition: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 31. Medium Caliber Ammunition: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 32. Large Caliber Ammunition: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 33. North America: Ammunition Market, By Key Country - Revenue (2021) (US$ Million)
Figure 34. North America: Ammunition Market Revenue Share, by Key Country (2021 and 2028)
Figure 35. US: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 36. Canada: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)
Figure 37. Mexico: Ammunition Market - Revenue and Forecast to 2028 (US$ Million)

Companies Mentioned

A selection of companies mentioned in this report includes:

  • Amtec Corporation
  • Bae Systems
  • Elbit Systems Ltd
  • Nammo As
  • Northrop Grumman Corporation
  • Raytheon Technologies Corporation
  • Rheinmetall Ag
  • Ruag Group
  • Thales Group
  • Vista Outdoor Operations Llc