Ammunition Market Demand, Size, Share, Scope & Forecast to 2030

It is estimated for the global ammunition market to witness growth at a CAGR of 4.1% during the forecast period of 2022 to 2030.

The market witnessed healthy growth even in the previous forecast period of 2018 to 2021. The increasing incidence of drug trafficking, terrorist activities, and the modernization of armed forces are the factors that are estimated to boost the growth of the market during the forecast period.

Through the procurement of advanced ammunition and equipment, several countries have been enhancing their military strengths owing to the rising incidences of armed international and international conflicts. This factor is estimated to boost the growth of the market during the forecast period.

The defense expenditure for ammunition procurement and R&D activities has increased significantly across the globe over the past few years owing to the modernization currently being undertaken across most emerging economies of the world, including Russia, China, Turkey, India, and Saudi Arabia.

Furthermore, the rising trends for sports and shooting that utilize rifles and pistols is also a factor that is estimated to boost the growth of the market during the forecast period. The trend is estimated to continue throughout the forecast period.

Key Market Trends

The countries of China, India, and South Korea being battle-ready has resulted in the large-scale procurement of advanced ammunition, including small-calibre ammunition, along with other advanced warfare equipment. This factor is also estimated to boost the growth of the market during the forecast period.

Varying regulations regarding arms, ammunition and other warfare equipment owing to the economic, legal, and political frameworks of different countries are estimated to hamper the growth of the market during the forecast period.

The development of lightweight ammunition does not compromise on combat performance and precision. This factor is estimated to boost the growth of the market during the forecast period.

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Segmental Analysis of the Market

By Application
Defense
Civil & Commercial
It is estimated for the defense category to boost the growth of the market during the forecast period.

By Caliber
Small
Medium
Large
Others
It is estimated for the large category to boost the growth of the market during the forecast period.

By Product
Bullets
Aerial Bombs
Grenades
Artillery Shells
Mortars
It is estimated for the bullets category to boost the growth of the market during the forecast period.

By Component
Fuzes & Primers
Propellants
Bases
Projectiles and Warheads
Others
It is estimated for the bases category to boost the growth of the market during the forecast period.

North America to boost the growth of the market during the forecast period

It is estimated for the region of North America to boost the growth of the market during the forecast period. The growing threat from terrorism, coupled with lenient gun laws are the factors that are estimated to drive the growth of the market during the forecast period. Owing to high demand from the U.S, the region is estimated to grow at a tremendous rate during the forecast period.

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Competitive Landscape

Some of the prominent companies operating in the market are

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

Frequently Asked Questions
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