Ammunition Market Is Likely To Witness Huge Growth

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.

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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.

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