Press release
Ammunition Market to Witness Robust Expansion by 2029
The global ammunition market is anticipated to grow significantly at a CAGR of 3.2% over the forecast period. The global ammunition market is segmented based on type, application, and end-user. Based on the type, the market is further segmented into the small caliber, medium caliber, large caliber, and others. The small caliber ammunition segment is estimated to hold a prominent share in the market, attributing to the vast application of small caliber ammunition such as in shotguns pistols, rifles, revolvers, and assault rifles. Further, the segment is estimated to grow significantly during the forecast period owing to its increasing demand from homeland security forces to restrain the increasing armed conflicts.Based on application, the market is divided into civil & commercial applications and defence applications. The ammunitions have a major application in the defence industry and contributed a significant share in the market. The growth is accredited to the increasing geopolitical tension, and disputes created a massive demand for ammunition in the defence industry. The military organizations across the globe are modernizing their weaponry, which in turn, is driving the ammunition market. Moreover, the increasing defence spending around the globe has a significant impact on the segmental growth of the market. Whereas, based on the end-user, the market is segmented as civilian and military.
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Market Coverage
Market number available for - 2022-2030
Base year- 2022
Forecast period- 2023-2030
Segment Covered- By Product Type, Application, and End-User
Regions Covered- North America, Europe, Asia-Pacific, Rest of the World
Competitive Landscape- BAE Systems Plc, General Dynamics Corp., Nammo A/S, Nexter Group, Northrop Grumman Corp., Remington Arms Co., Rheinmetall AG, Sierra Bullets, and Vista Outdoor Inc. among others
Ammunition Market - Segmentation
By Product Type
Small Caliber
Medium Caliber
Large Caliber
By Application
Non-Lethal
Lethal
By End-User
Civilian
Military
A full Report of Ammunition Market is Available at: https://www.omrglobal.com/industry-reports/ammunition-market
Ammunition Market - Segmentation by Region
Regional Analysis
North America
United States
Canada
Europe
UK
Germany
Spain
France
Italy
Rest of Europe
Asia-Pacific
India
China
Japan
South Korea
Rest of APAC
Rest of The World
Latin America
Middle East & Africa
Company Profiles
Ammo, Inc.
BAE Systems PLC
CBC Global Ammunition
General Dynamics Corp.
Global Ordnance
JagemanN Stamping Co.
MESKO
Nammo A/S
Nexter Group
Northrop Grumman Corp.
Remington Arms Co.
Rheinmetall AG
RUAG Group
Sierra Bullets
Vista Outdoor Inc.
Winchester Ammunition (Olin Corp.)
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Company Name: Orion Market Research
Contact Person: Mr. Anurag Tiwari
Email: info@omrglobal.com
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About Orion Market Research
Orion Market Research (OMR) is a market research and consulting company known for its crisp and concise reports. The company is equipped with an experienced team of analysts and consultants. OMR offers quality syndicated research reports, customized research reports, consulting and other research-based services. The company also offer Digital Marketing services through its subsidiary OMR Digital and Software development and Consulting Services through another subsidiary Encanto Technologies.
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