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

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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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