Ammunition Industry Overview
The global ammunition market size was estimated at USD 68.57 billion in 2023 and is projected to decline at a CAGR of -11.3% from 2024 to 2030. A rise in the number of terrorist activities and hostilities across the globe is likely to increase the procurement of defense equipment by prominent militaries across the globe, thereby directly benefiting the industry over the forecast period.
Rising trends for sports and shooting that utilize rifles and pistols are expected to increase penetration of small-caliber ammunition over the forecast period. Technological advancements have introduced lightweight bullets made from polymer-based cases, thus supporting the overall industry.
Gather more insights about the market drivers, restrains and growth of the Ammunition Market
High investments by the U.S. government for enhancements in military and armed forces are expected to support industry growth in the country. Procurement of small caliber ammunition by civilians and the Department of Homeland Security (DHS) is expected to bolster the overall industry growth. Enhancement of sales channels, such as online sales in the country, is likely to supplement overall growth.
A rise in the adoption of advanced materials to produce lightweight ammunition is expected to lead to fuel-efficient transportation, which, in turn, reduces overall transportation costs. The above-mentioned trend is anticipated to enable the transportation of more rounds within the same weight limits, thereby positively impacting the market growth. Furthermore, the use of advanced materials and new technologies for production is anticipated to fluctuate the ammunition price forecast over the period.
Commercially, these ammunition products are not widely available, considering restrictions on weapons in major economies. However, defense organizations in major territories have agreed on the procurement of these products to enhance security capabilities. Enhancements in the military by major economies such as China, India, France, and Russia are expected to support industry growth in the estimated time.
The ammunition industry globally is characterized by collaborations and acquisitions between major players and the government for the long term. Several governments globally, especially India, are aiming to enhance their defense forces by procuring and developing indigenous production facilities from foreign players.
Browse through Grand View Research's Advanced Interior Materials Industry Research Reports.
- The global stainless steel forgings market size was valued at USD 5.01 billion in 2023 and is projected to grow at a CAGR of 7.1% from 2024 to 2030.
- The global docks market size was estimated at USD 1.79 billion in 2023 and is expected to witness a CAGR of 3.5% from 2024 to 2030.
Ammunition Market Segmentation
Grand View Research has segmented the global ammunition market based on caliber, end use, cartridge, ammunition for commercial shooting product, ammunition for law enforcement and military shooting product, and region:
Ammunition Caliber Outlook (Revenue, USD Billion, 2018 - 2030)
- Small Caliber
- Medium Caliber
- Large Caliber
- Rockets, Missiles & Other
Ammunition Small Ammunition Product Outlook (Revenue, USD Billion, 2018 - 2030)
- Rimfire
- Centerfire
Ammunition End Use Outlook (Revenue, USD Billion, 2018 - 2030)
- Civil & Commercial
- Defense
Ammunition Market for Commercial Shooting: Product Outlook (Revenue, USD Billion, 2018 - 2030)
- 9×19mm
- 7.62×39mm
- 223 Rem (5.56 x 45mm)
- 308 Winchester (7.62)
- 300 Blackout (7.62×35mm)
Ammunition Cartridge Outlook (Revenue, USD Billion, 2018 - 2030)
- .45 ACP
- 0.39 Special
- 0.357 Magnum
- 6,8 Remington SPC
Ammunition Market for Law Enforcement and Military Shooting: Product Outlook (Revenue, USD Billion, 2018 - 2030)
- 9x19mm NATO
- 5.56×45mm
- 7.62×39mm
- 7.62×51mm
Ammunition Regional Outlook (Revenue, USD Billion, 2018 - 2030)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- UK
- France
- Spain
- Russia
- Turkey
- Czech Republic
- Poland
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Singapore
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
Key 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
Key Ammunition Company Insights
Some of the key players operating in the market include Northrop Grumman and General Dynamics Corporation.
- Northrop Grumman multinational aerospace and defense technology company, engaged in designing and manufacturing of various products for aeronautics, space, cyberspace, and defense industries. The company has approximately 100000 employees and about 550 facilities which are spread across 25 countries globally.
- General Dynamics Corporation was incorporated in 1952 and is headquartered in Virginia, U.S. The company consists of 10 business units, which are organized into four operating segments, namely Aerospace, Marine Systems, Combat Systems, and Technologies. With approximately 50 airport sites throughout North America, Europe, the Middle East, and Asia, it offers MRO, FBO, and aircraft management services. It also offers customized solutions for narrow-body and wide-body aircraft.
Jageman Stamping Co. and Hornady Manufacturing Company, Inc. are some of the emerging market participants.
- Jageman Stamping Co. is a leading producer of progressive, deep-drawn, and fine blanked stampings based in the U.S. The company develops unique manufacturing solutions for various industries, including automotive, electrical, consumer products, industrial, and home hardware.
- Hornady Manufacturing Company, Inc. U.S. based manufacturer of bullets, ammunition, and muzzleloading equipment. The company provides its products in the domestic and international markets.
Recent Developments
- In February 2023, Remington Arms Company LLC launched their new product line. The company announced updates in their existing product line of handgun, shotshell, rimfire and rifle.
- In January 2023, the brands of Vista Outdoor Inc., CCI and Speer Ammunition launched two new products under their ammunition line. The new products include CCI’s Clean-22 Hyper Velocity and Speer’s Gold Dot Carbine ammunition, and they will be displayed at 2023 SHOT Show taking place in Nevada.
Order a free sample PDF of the Ammunition Market Intelligence Study, published by Grand View Research.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
English
Arabic
Français
Español
Português
Türkçe
Dutch
Italiano
Russian
Romaian