Ammunition Market Size, Trends, Latest Insights, Analysis and Forecast 2024-2031

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.

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Based on application, the market is divided into civil & commercial applications and defense applications. The ammunitions have a major application in the defense 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 defense industry. The military organizations across the globe are modernizing their weaponry, which in turn, is driving the ammunition market. Moreover, the increasing defense 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.

Global Ammunition Market - Segmentation

By Product Type

• Small Caliber
• Medium Caliber
• Large Caliber

By Application

• Non-Lethal
• Lethal

By End-User

• Civilian
• Military

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Ammunition Market Report Segment by Region

North America

• United States
• Canada

Europe

• Germany
• United Kingdom
• France
• Spain
• Italy
• Rest of Europe

Asia-Pacific

• China
• Japan
• India
• Rest of Asia-Pacific

Rest of the World

• Middle East & Africa
• Latin America

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.

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