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Global Ammunition Market Size, Share & Trends Analysis Report by Caliber (Small, Medium, Large, Rockets & Missiles), Small Ammunition Product (Rimfire, Centerfire), End-use (Civil & Commercial, Defense), Region, and Segment Forecasts, 2024-2030

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    Report

  • 200 Pages
  • November 2023
  • Region: Global
  • Grand View Research
  • ID: 4613408
The global ammunition market size is expected to reach USD 36.75 billion by 2030, according to the report. It is expected to decline at a CAGR of -11.3% from 2024 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 second largest segment in 2023 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 2023 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 2023 majorly due to rising ammunition procurement by homeland security forces
  • Europe held a dominant revenue share of 71.33% in 2023. In Europe, directives are provided by the government for the possession of firearms, the supply of firearms in a single market, and a protocol against manufacturing and trafficking of firearms

Table of Contents

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 Market Lineage/Ancillary Outlook
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, SWOT
3.7 Major Deals & Strategic Alliances Analysis
3.8 Case Studies
3.9 Capacity Expansion Plans and Their Impact on the Industry
3.9.1 Production Capacity Increases and Shutdowns
3.10 Market Disruption Analysis
Chapter 4 Ammunition Market: Caliber Estimates & Trend Analysis
4.1 Key Takeaways
4.2 Caliber Market Share Analysis, 2023 & 2030
4.3 Small Caliber
4.3.1 Small caliber ammunition market estimates and forecasts, 2018 - 2030 (USD Million)
4.4 Medium Caliber
4.4.1 Medium caliber ammunition market estimates and forecasts, 2018 - 2030 (USD Million)
4.5 Large Caliber
4.5.1 Large caliber ammunition market estimates and forecasts, 2018 - 2030 (USD Million)
4.6 Rockets & Missiles, and Others
4.6.1 Rockets & Missiles, and others ammunition market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5 Small Ammunition Market: Product Estimates & Trend Analysis
5.1 Key Takeaways
5.2 Product Market Share Analysis, 2023 & 2030
5.3 Rimfire
5.3.1 Rimfire small ammunition market estimates and forecasts, 2018 - 2030 (USD Million)
5.4 Centerfire
5.4.1 Centerfire small ammunition market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6 Ammunition Market: End-use Estimates & Trend Analysis
6.1 Key Takeaways
6.2 End-use Market Share Analysis, 2023 & 2030
6.3 Civil & Commercial (Sporting, Hunting, Self-Defense, and Others)
6.3.1 Ammunition market estimates and forecasts, in civil & commercial end-use, 2018 - 2030 (USD Million)
6.4 Defense (Military, Law Enforcement)
6.4.1 Ammunition market estimates and forecasts, in defense end-use, 2018 - 2030 (USD Million)
Chapter 7. Ammunition Market: Regional Estimates & Trend Analysis
7.1. Key Takeaways
7.2. Regional Market Share Analysis, 2023 & 2030
7.3. North America
7.3.1. North America Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3.2. U.S.
7.3.2.1. U.S. Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3.3. Canada
7.3.3.1. Canada Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.3.4. Mexico
7.3.4.1. Mexico Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4. Europe
7.4.1. Europe Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.2. Germany
7.4.2.1. Germany Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.3. U.K.
7.4.3.1. U.K. Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.4. France
7.4.4.1. France Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.5. Spain
7.4.5.1. Spain Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.6. Russia
7.4.6.1. Russia Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.7. Turkey
7.4.7.1. Turkey Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.8. Czech Republic
7.4.8.1. Czech Republic Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.4.9. Poland
7.4.9.1. Poland Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5. Asia Pacific
7.5.1. Asia Pacific Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.2. China
7.5.2.1. China Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.3. India
7.5.3.1. India Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.4. Japan
7.5.4.1. Japan Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.5. South Korea
7.5.5.1. South Korea Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.6. Australia
7.5.6.1. Australia Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.5.7. Singapore
7.5.7.1. Singapore Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6. Central & South America
7.6.1. Central & South America Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6.2. Brazil
7.6.2.1. Brazil Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.6.3. Argentina
7.6.3.1. Argentina Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.7. Middle East & Africa
7.7.1. Middle East & Africa Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.7.2. Saudi Arabia
7.7.2.1. Saudi Arabia Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
7.7.3. United Arab Emirates
7.7.3.1. United Arab Emirates Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8 Ammunition Market - Competitive Analysis
8.1 Key Global Players & Recent Developments & Their Impact on the Industry
8.1.1 General Dynamics Corporation
8.1.1.1 Initiative: Advanced Material Engineering Collaboration
8.1.1.2 Impact
8.1.2 BAE Systems
8.1.2.1 Initiative: Facility Upgradation
8.1.2.2 Impact
8.1.2.3 Initiative: New product launch
8.1.2.4 Impact
8.1.2.5 Initiative: Capacity Expansion
8.1.2.6 Impact
8.1.3 Remington Arms Company
8.1.3.1 Initiative: Bankruptcy Filed
8.1.3.2 Impact
8.1.4 JagemanN Stamping Company
8.1.4.1 Initiative: Acquisition of Jagemann Sporting Group
8.1.4.2 Impact
8.1.5 Ammo Inc.
8.1.5.1 Initiative: acquisition of SW Kenetics, Inc.
8.1.5.2 Impact
8.1.6 Sierra Bullets
8.1.6.1 Initiative: Acquired by Clarus Corporation
8.1.6.2 Impact
8.2 Competition Categorization
8.3 Vendor Landscape
8.4 Company Market Position Analysis
8.5 Private Companies
8.6 Strategy Mapping
8.7 Company Listing
8.7.1 Northrop Grumman Corporation
8.7.1.1 Company Overview
8.7.1.2 Financial Performance
8.7.1.3 Product Benchmarking
8.7.1.4 Strategic initiatives
8.7.2 FN Herstal
8.7.2.1 Company Overview
8.7.2.2 Product Benchmarking
8.7.2.3 Strategic Initiatives
8.7.3 Olin Corporation
8.7.3.1 Company Overview
8.7.3.2 Product Benchmarking
8.7.4 General Dynamics Corporation
8.7.4.1 Company Overview
8.7.4.2 Financial Performance
8.7.4.3 Product Benchmarking
8.7.4.4 Strategic Initiatives
8.7.5 BAE Systems, Inc.
8.7.5.1 Company Overview
8.7.5.2 Financial Performance
8.7.5.3 Product Benchmarking
8.7.5.4 Strategic Initiatives
8.7.6 Rheinmetall Defense
8.7.6.1 Company Overview
8.7.6.2 Financial Performance
8.7.6.3 Product Benchmarking
8.7.6.4 Strategic initiatives
8.7.7 Nexter KNDS Group
8.7.7.1 Company Overview
8.7.7.2 Product Benchmarking
8.7.8 Hanwha Corporation
8.7.8.1 Company Overview
8.7.8.2 Product Benchmarking
8.7.9 ST Engineering
8.7.9.1 Company Overview
8.7.9.2 Financial Performance
8.7.9.3 Product Benchmarking
8.7.10 Remington Arms Company LLC
8.7.10.1 Company Overview
8.7.10.2 Product Benchmarking
8.7.10.3 Strategic Initiatives
8.7.11 Vista Outdoor Operations LLC
8.7.11.1 Company Overview
8.7.11.2 Financial Performance
8.7.11.3 Product Benchmarking
8.7.11.4 Strategic Initiatives
8.7.12 Chemring Group Plc
8.7.12.1 Company Overview
8.7.12.2 Financial Performance
8.7.12.3 Product Benchmarking
8.7.12.4 Strategic Initiatives
8.7.13 MAXAMCorp Holding, S.L.
8.7.13.1 Company Overview
8.7.13.2 Product Benchmarking
8.7.13.3 Strategic Initiatives
8.7.14 Denel SOC Ltd
8.7.14.1 Company Overview
8.7.14.2 Product Benchmarking
8.7.15 RUAG Group
8.7.15.1 Company Overview
8.7.15.2 Financial Performance
8.7.15.3 Product Benchmarking
8.7.15.4 Strategic Initiatives
8.7.16 Poongsan Corporation
8.7.16.1 Company Overview
8.7.16.2 Financial Performance
8.7.16.3 Product Benchmarking
8.7.17 Nammo AS
8.7.17.1 Company Overview
8.7.17.2 Product Benchmarking
8.7.18 Nosler, Inc.
8.7.18.1 Company Overview
8.7.18.2 Product Benchmarking
8.7.18.3 Strategic Initiatives
8.7.19 CBC Ammo LLC
8.7.19.1 Company Overview
8.7.19.2 Product Benchmarking
8.7.19.3 Strategic Initiatives
8.7.20 Sierra Bullets
8.7.20.1 Company Overview
8.7.20.2 Product Benchmarking
8.7.20.3 Strategic Initiatives
8.7.21 Starline Brass, Inc.
8.7.21.1 Company Overview
8.7.21.2 Product Benchmarking
8.7.21.3 Strategic Initiatives
8.7.22 Hornady Manufacturing Company, Inc.
8.7.22.1 Company Overview
8.7.22.2 Product Benchmarking
8.7.22.3 Strategic Initiatives
8.7.23 Winchester Ammunition, Inc.
8.7.23.1 Company Overview
8.7.23.2 Product Benchmarking
8.7.23.3 Strategic Initiatives
8.7.24 Jageman Stamping Co.
8.7.24.1 Company Overview
8.7.24.2 Product Benchmarking
8.7.24.3 Strategic Initiatives
8.7.25 Ammo, Inc.
8.7.25.1 Company Overview
8.7.25.2 Product Benchmarking
8.7.25.3 Strategic Initiatives
Chapter 9 Ammunition Market Data Analysis
9.1 Inputs Including the Sales of Various Ammunition Products
9.2 Use of Ammunition Across Various Applications
9.3 Analysis of Market Segments
Chapter 10 Price Trend Analysis
10.1 Ammunition Market Price Trend Analysis
10.1.1 Ammunition Average Price Trend Analysis, 2018 - 2030 (USD/Round)
Chapter 11 Analyst’s Perspective
11.1 Growth of the Ammunition Market
11.2 High Potential Markets and Their Expected Growth
11.3 Impact of Regulatory Framework
11.4 Impact of Increase in Military Spending
11.5 Expected Emerging Players
Chapter 12 Recommendations
12.1 Ammunition Pricing Analysis
12.2 Target Economies
12.2.1 Saudi Arabia
12.2.2 India
12.2.3 South East Asia
12.3 Target Product Groups
12.3.1 Small Caliber Ammunition
12.3.2 Lead-Free Ammunition
12.3.3 VSHORAD GROM missiles
12.4 Key End-Use to Focus
12.4.1 Civil & Commercial
12.5 Expansion Possibilities
12.6 Possible Market Risks
12.6.1 Illicit flow of weapons and ammunition
12.6.2 Laws and Regulations
12.6.3 International Market
12.6.4 Defense Spending
12.7 Trade Possibilities
List of Tables
Table 1 Country-wise list of gun ownership laws
Table 2 Global Terrorism Index, 2022
Table 3 Total Terrorism Deaths, 2019 & 2020 & 2021
Table 4 Ammunition Market Estimates & Forecast, By Caliber 2018 - 2030 (USD Million)
Table 5 Small Ammunition Market Estimates & Forecast, By Product 2018 - 2030 (USD Million)
Table 6 Ammunition Market Estimates & Forecast, By End-use 2018 - 2030 (USD Million)
Table 7 Recent Developments & Impact Analysis, By Key Market Participants
Table 8 Ammunition price trend analysis, 2018 - 2030 (USD/Round)
Table 9 Ammunition price trend analysis, 2018 - 2030 (USD/Case)
List of Figures
Fig. 1 Ammunition Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation and Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Regional Outlook
Fig. 7 Segmental Outlook
Fig. 8 Competitive Outlook
Fig. 9 Ammunition market - Value chain analysis
Fig. 10 Heat map analysis - Regulations on lead ammunition, by countries
Fig. 11 Ammunition - Market dynamics
Fig. 12 Market driver impact analysis
Fig. 13 Expected Military Spending by Country, 2023 (USD Billion)
Fig. 14 Market restraint impact analysis
Fig. 15 Lowest Expected Military Spending by Country, 2023 (USD Million)
Fig. 16 Industry Analysis: Porter’s
Fig. 17 PESTEL analysis, by SWOT
Fig. 18 Ammunition Market, by Caliber: Key Takeaways
Fig. 19 Ammunition Market, by Caliber: Market Share, 2023 & 2030
Fig. 20 Small caliber ammunition market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 21 Medium caliber ammunition market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 22 Large caliber ammunition market estimates & forecasts, 2018 - 2030 (USD Million) 57
Fig. 23 Rockets & missiles ammunition market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 24 Small Ammunition Market, by Product: Key Takeaways
Fig. 25 Small Ammunition Market, by Product: Market Share, 2023 & 2030
Fig. 26 Rimfire ammunition market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 27 Centerfire ammunition market estimates & forecasts, 2018 - 2030 (USD Million)
Fig. 28 Ammunition Market, by End-use: Key Takeaways
Fig. 29 Ammunition Market, by End-use: Market Share, 2023 & 2030
Fig. 30 Ammunition market estimates & forecasts, by civil & commercial, 2018 - 2030 (USD Million)
Fig. 31 Ammunition market estimates & forecasts, by defense, 2018 - 2030 (USD Million)
Fig. 32 Ammunition market revenue, by region, 2023 & 2030 (USD Million)
Fig. 33 Regional marketplace: Key takeaways
Fig. 34 Regional marketplace: Key takeaways
Fig. 35 North America ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 36 U.S. Ammunition Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 37 Canada ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 38 Mexico ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 39 Europe ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 40 Poland ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 41 Russia ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 42 Germany ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 43 U.K. ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 44 France ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 45 Spain ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 46 Czech Republic ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 47 Asia Pacific ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 48 China Ammunition Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 49 India ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 50 Japan ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 51 South Korea Ammunition Market Estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 52 Singapore ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 53 Australia ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 54 Central & South America ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 55 Brazil ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 56 Argentina ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 57 Middle East & Africa ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 58 Saudi Arabia ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 59 UAE ammunition market estimates & Forecasts, 2018 - 2030 (USD Million)
Fig. 60 Competitive categorization
Fig. 61 Total sales of small ammunition products, 2018 - 2030 (USD million)
Fig. 62 Total sales, by civil & commercial end-use, 2018 - 2030 (USD million)
Fig. 63 Total sales, defense end-use, 2018 - 2030 (USD million)
Fig. 64 Total sales, by caliber, 2018 - 2030 (USD million)
Fig. 65 Total sales, by small caliber, 2018 - 2030 (USD million)
Fig. 66 Total sales, by medium caliber, 2018 - 2030 (USD million)
Fig. 67 Small arms and ammunition production index, 2018 - 2023
Fig. 68 Ammunition pricing - Trend analysis, 2018 - 2023
Fig. 69 Saudi Arabia arms trade index 2018 - 2023
Fig. 70 India defense expenditure, 2018 - 2023 (USD Billion)

Companies Profiled

  • 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.

Methodology

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