The global ammunition market is envisioned to garner $31.71 Billion by 2031, growing from $21.98 Billion in 2021 at a CAGR of 3.9% from 2022 to 2031.
The term "ammunition" describes the projectiles and explosive charges used in small arms, artillery, and other firearms. The most common way to describe its size is in terms of caliber. The diameter of the projectile, measured in millimeters or inches, such as projectiles less than 20 mm, is known as the caliber. Small-arms weapons are defined as those with a diameter of 60 inches, whereas artillery weapons have bigger calibers. Many individuals participate in hunting and shooting as a hobby or sport, and they require ammunition to do so. As a result, the demand for ammunition in the hunting and sporting sector is quite high. Additionally, the growing popularity of shooting sports such as target shooting, clay pigeon shooting, and biathlon has contributed to the increased demand for ammunition in recent years. The ammunition market's growth in the hunting and sporting sector is expected to continue in the coming years as more people participate in these activities.
The production and use of ammunition can have negative environmental impacts, which have become a growing concern for both governments and consumers. Some of these impacts include pollution from the manufacturing process, waste from expended cartridges, and lead contamination from lead-based ammunition. In response to these concerns, many governments have implemented regulations aimed at reducing the environmental impact of ammunition production and use. For example, some countries have banned or restricted the use of lead-based ammunition, which can leach into the soil and water and harm wildlife.
The ammunition market has been growing steadily in recent years due to increasing demand from law enforcement agencies, military, and civilians. There is a growing demand for ammunition that is more accurate, reliable, and efficient. This has led to innovations in ammunition design and technology, such as new materials, coatings, and manufacturing processes. The ammunition market is not limited to military and law enforcement agencies. There is a growing demand for ammunition from civilians, particularly in regions where gun ownership is legal. Companies that can successfully expand into new markets could see significant growth opportunities.
The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were on a standstill. The pandemic caused disruptions to global supply chains, which affected the production and distribution of ammunition. In addition, restrictions on travel and gatherings resulted in the cancellation of many shooting events and competitions, which reduced the demand for ammunition. Moreover, government agencies and law enforcement increased their purchases of ammunition to ensure adequate supplies for their operations during the pandemic. The closure of shooting ranges and other recreational facilities resulted in a decrease in demand for ammunition in some areas.
The key players profiled in this report include Northrop Grumman Corporation, FN Herstal, Olin Corporation, General Dynamics Corporation, BAE Systems, Inc., Rheinmetall Defense, Nexter KNDS Group, Hanwha Corporation, ST Engineering, and Remington Arms Company LLC.
The term "ammunition" describes the projectiles and explosive charges used in small arms, artillery, and other firearms. The most common way to describe its size is in terms of caliber. The diameter of the projectile, measured in millimeters or inches, such as projectiles less than 20 mm, is known as the caliber. Small-arms weapons are defined as those with a diameter of 60 inches, whereas artillery weapons have bigger calibers. Many individuals participate in hunting and shooting as a hobby or sport, and they require ammunition to do so. As a result, the demand for ammunition in the hunting and sporting sector is quite high. Additionally, the growing popularity of shooting sports such as target shooting, clay pigeon shooting, and biathlon has contributed to the increased demand for ammunition in recent years. The ammunition market's growth in the hunting and sporting sector is expected to continue in the coming years as more people participate in these activities.
The production and use of ammunition can have negative environmental impacts, which have become a growing concern for both governments and consumers. Some of these impacts include pollution from the manufacturing process, waste from expended cartridges, and lead contamination from lead-based ammunition. In response to these concerns, many governments have implemented regulations aimed at reducing the environmental impact of ammunition production and use. For example, some countries have banned or restricted the use of lead-based ammunition, which can leach into the soil and water and harm wildlife.
The ammunition market has been growing steadily in recent years due to increasing demand from law enforcement agencies, military, and civilians. There is a growing demand for ammunition that is more accurate, reliable, and efficient. This has led to innovations in ammunition design and technology, such as new materials, coatings, and manufacturing processes. The ammunition market is not limited to military and law enforcement agencies. There is a growing demand for ammunition from civilians, particularly in regions where gun ownership is legal. Companies that can successfully expand into new markets could see significant growth opportunities.
The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were on a standstill. The pandemic caused disruptions to global supply chains, which affected the production and distribution of ammunition. In addition, restrictions on travel and gatherings resulted in the cancellation of many shooting events and competitions, which reduced the demand for ammunition. Moreover, government agencies and law enforcement increased their purchases of ammunition to ensure adequate supplies for their operations during the pandemic. The closure of shooting ranges and other recreational facilities resulted in a decrease in demand for ammunition in some areas.
The key players profiled in this report include Northrop Grumman Corporation, FN Herstal, Olin Corporation, General Dynamics Corporation, BAE Systems, Inc., Rheinmetall Defense, Nexter KNDS Group, Hanwha Corporation, ST Engineering, and Remington Arms Company LLC.
Key Benefits For Stakeholders
- This report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ammunition market analysis from 2021 to 2031 to identify the prevailing ammunition market opportunities.
- The market research is offered along with information related to key drivers, restraints, and opportunities.
- Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
- In-depth analysis of the ammunition market segmentation assists to determine the prevailing market opportunities.
- Major countries in each region are mapped according to their revenue contribution to the global market.
- Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
- The report includes the analysis of the regional as well as global ammunition market trends, key players, market segments, application areas, and market growth strategies.
Key Market Segments
By Application
- Defense
- Civil and commercial
By Product Type
- Centrefire
- RimFire
By Caliber Size
- Small
- Medium
- Large
- Others
By Region
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Italy
- Rest of Europe
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Rest of Asia-Pacific
- LAMEA
- Brazil
- Saudi Arabia
- United Arab Emirates
- South Africa
- Rest of LAMEA
Key Market Players
- Northrop Grumman
- General Dynamics Corporation
- Olin Corporation
- BAE Systems
- Nammo AS
- RUAG
- Nexter
- Vista Outdoor Inc.
- Rheinmetall and Hornady Manufacturing Company Inc.
Table of Contents
CHAPTER 1: INTRODUCTION
CHAPTER 2: EXECUTIVE SUMMARY
CHAPTER 3: MARKET OVERVIEW
CHAPTER 4: AMMUNITION MARKET, BY PRODUCT TYPE
CHAPTER 5: AMMUNITION MARKET, BY CALIBER SIZE
CHAPTER 6: AMMUNITION MARKET, BY APPLICATION
CHAPTER 7: AMMUNITION MARKET, BY REGION
CHAPTER 8: COMPETITIVE LANDSCAPE
CHAPTER 9: COMPANY PROFILES
List of Tables
List of Figures
Companies Mentioned
- Northrop Grumman
- General Dynamics Corporation
- Olin Corporation
- BAE Systems
- Nammo AS
- RUAG
- Nexter
- Vista Outdoor Inc.
- Rheinmetall and Hornady Manufacturing Company Inc.
Methodology
The analyst offers exhaustive research and analysis based on a wide variety of factual inputs, which largely include interviews with industry participants, reliable statistics, and regional intelligence. The in-house industry experts play an instrumental role in designing analytic tools and models, tailored to the requirements of a particular industry segment. The primary research efforts include reaching out participants through mail, tele-conversations, referrals, professional networks, and face-to-face interactions.
They are also in professional corporate relations with various companies that allow them greater flexibility for reaching out to industry participants and commentators for interviews and discussions.
They also refer to a broad array of industry sources for their secondary research, which typically include; however, not limited to:
- Company SEC filings, annual reports, company websites, broker & financial reports, and investor presentations for competitive scenario and shape of the industry
- Scientific and technical writings for product information and related preemptions
- Regional government and statistical databases for macro analysis
- Authentic news articles and other related releases for market evaluation
- Internal and external proprietary databases, key market indicators, and relevant press releases for market estimates and forecast
Furthermore, the accuracy of the data will be analyzed and validated by conducting additional primaries with various industry experts and KOLs. They also provide robust post-sales support to clients.
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