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Global Ammunition Market Size, Share, Growth, Forecast: By Calibre: Small Calibre, Medium Calibre, Large Calibre, Rockets and Missiles, Others; By Product Type: Rimfire, Centrefire; By Application: Civil and Commercial, Defense, Others; Regional Analysis; Competitive Landscape; Key Trends and Developments in the Market; 2024-2032
Global Ammunition Market Outlook
The global ammunition market size stood at a value of approximately USD 27.82 billion in 2023. The market is further expected to grow at a CAGR of 3.6% in the forecast period of 2024-2032, reaching a value of USD 38.28 billion by 2032.
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With rising geopolitical tensions and spikes in violence within countries and on national borders, there is a growing demand for the ammunition market. Multiple nations are proactively expanding their arms caches, with extended ammunition stocks to prepare in case of any sudden violent outbreak that requires the use of firearms. Changes in technology for firearms are resulting in a surge in the need for compatible ammunition. Specialised ammunition are also growing in popularity, particularly for management of domestic concerns where non-lethal combat is desired to be used. Increasing investments aimed towards advancing ammunition capacity, owing to the growing replacement of ageing fleets, weapons, and handguns, among others, are likely to be the crucial ammunition market trends.
Rising Defence and Military Expenditure to Bolster the Growth of the Ammunition Market
Based on application, the defence sector accounted for the largest portion in the ammunition industry market share owing to an increase in ammunition procurement by the armed forces or border security forces. This can be attributed to the rising cross-border conflicts, tensions between sovereign nations, increasing terrorism, and rising safety concerns. Over the forecast period, a significant increase in government spending by sovereign nations to enhance their military capabilities is expected to further fuel the demand for ammunition, leading to a greater ammo market size.
The naval ammunition market report indicates that the increasing focus by emerging sovereign nations on augmenting the naval capabilities, is driving the naval ammunition market, which is in turn contributing to the expansion of the global ammunition market. According to the ammunition market report, centrefire ammunition, on the basis of product type, is anticipated to hold a significant share in the market. This type is generally used in rifles, shotguns, and handguns, which form an integral part of various military operations, including hostage rescue missions.
Based on calibre, small calibre ammunition is likely to witness a decent growth in the forecast period. Ammunition of this calibre is used in light weaponry, which provides the combatant with the necessary lethality and quickness needed to defeat the enemies. These weapons include medium and heavy machine guns, which are highly efficient and ensure precision on the battlefield.
North America Accounts for a Significant Share in the Ammunition Market
As per the ammunition market analysis, North America accounted for a significant share in the ammunition industry. The growing US ammunition market size, owing to a substantial increase in military expenditure, rapid technological advancements in the defence sector, and rising safety concerns are expanding the ammunition market share US further. The United States is one of the leading countries in the world in terms of defence capabilities. Over the forecast period, the increasing efforts by the US government to combat terrorism and ensure the safety of its citizens is expected to add to the ammo market value in this region in the forecast period. The increasing ownership of personal weapons across countries such as the United States, are further expanding the commercial ammunition market. Further, increasing disposable income, rising awareness about personal safety, and increasing cases of break-ins, are propelling the demand for ammunition, and expanding the ammo market share.
Ammunition Market Segmentation
Ammunition is defined as the material fired, scattered, dropped, or detonated from any weapon or weapon system. It is the most lethal part of the weapon system and plays a decisive role in armed conflicts. Bombs, missiles, grenades, land mines, bullets, and warhead, among others are some of the examples of ammunition.
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The ammunition market segmentation based on calibre is:
- Small Calibre
- Medium Calibre
- Large Calibre
- Rockets and Missiles
- Others
On the basis of product type, the market can be segmented into:
- Rimfire
- Centrefire
The significant applications of the product include:
- Civil and Commercial
- Defence
- Others
The regional markets for the product include North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
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Rising Safety Concerns and the Favourable Government Policies to Boost the Growth of the Ammunition Industry
The growing security concerns and the increasing efforts by various governments to provide enhanced safety to their citizens are enlarging the ammunition market size. The market is being driven by the rising demand for ammunition in the defence sector owing to factors like the increasing international conflicts and increasing terrorism. Over the forecast period, the favourable government initiatives and the increasing focus of emerging nations to enhance their military capabilities are expected to favour the market growth. Furthermore, the modernisation of weapons such as rifles, handguns, machine guns, and others will require more ammunition than usual, which is likely to strengthen the ammunition market forecast.
Key Industry Players in the Global Ammunition Market
The report gives a detailed analysis of the following key players in the global ammunition market, covering their competitive landscape, capacity, and latest developments like mergers, acquisitions, and investments, expansions of capacity, and plant turnarounds:
- Ammo, Inc.
- BAE Systems
- General Dynamics Corp
- Northrop Grumman Corporation
- Hanwha Corporation
- Thales Group
- Elbit Systems Ltd.
- Raytheon Technologies Corporation
- Lockheed Martin Corporation
- Nammo AS
- Saab AB
- Vista Outdoor Inc.
- Singapore Technologies Engineering Ltd
- CBC Global Ammunition
- KMW+Nexter Defense Systems N.V.
- Leonardo S.p.A.
- The Boeing Company
- Olin Corporation
- Herstal Group
- Fiocchi Munizioni S.p.A.
- Prvi Partizan A.D.
- Hornady Manufacturing Company
- Ceska zbrojovka a.s.
- Nosler Inc
- ARSENAL JSCo,
- Others
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
| Base Year | 2023 |
| Historical Period | 2018-2023 |
| Forecast Period | 2024-2032 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
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| Breakup by Calibre |
|
| Breakup by Product Type |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
|
| Companies Covered |
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| Report Price and Purchase Option | Explore our purchase options that are best suited to your resources and industry needs. |
| Delivery Format | Delivered as an attached PDF and Excel through email, with an option of receiving an editable PPT, according to the purchase option. |
*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global Ammunition Market Analysis
8.1 Key Industry Highlights
8.2 Global Ammunition Historical Market (2018-2023)
8.3 Global Ammunition Market Forecast (2024-2032)
8.4 Global Ammunition Market by Calibre
8.4.1 Small Calibre
8.4.1.1 Historical Trend (2018-2023)
8.4.1.2 Forecast Trend (2024-2032)
8.4.2 Medium Calibre
8.4.2.1 Historical Trend (2018-2023)
8.4.2.2 Forecast Trend (2024-2032)
8.4.3 Large Calibre
8.4.3.1 Historical Trend (2018-2023)
8.4.3.2 Forecast Trend (2024-2032)
8.4.4 Rockets and Missiles
8.4.4.1 Historical Trend (2018-2023)
8.4.4.2 Forecast Trend (2024-2032)
8.4.5 Others
8.5 Global Ammunition Market by Product Type
8.5.1 Rimfire
8.5.1.1 Historical Trend (2018-2023)
8.5.1.2 Forecast Trend (2024-2032)
8.5.2 Centrefire
8.5.2.1 Historical Trend (2018-2023)
8.5.2.2 Forecast Trend (2024-2032)
8.6 Global Ammunition Market by Application
8.6.1 Civil and Commercial
8.6.1.1 Historical Trend (2018-2023)
8.6.1.2 Forecast Trend (2024-2032)
8.6.2 Defence
8.6.2.1 Historical Trend (2018-2023)
8.6.2.2 Forecast Trend (2024-2032)
8.6.3 Others
8.7 Global Ammunition Market by Region
8.7.1 North America
8.7.1.1 Historical Trend (2018-2023)
8.7.1.2 Forecast Trend (2024-2032)
8.7.2 Europe
8.7.2.1 Historical Trend (2018-2023)
8.7.2.2 Forecast Trend (2024-2032)
8.7.3 Asia Pacific
8.7.3.1 Historical Trend (2018-2023)
8.7.3.2 Forecast Trend (2024-2032)
8.7.4 Latin America
8.7.4.1 Historical Trend (2018-2023)
8.7.4.2 Forecast Trend (2024-2032)
8.7.5 Middle East and Africa
8.7.5.1 Historical Trend (2018-2023)
8.7.5.2 Forecast Trend (2024-2032)
9 North America Ammunition Market Analysis
9.1 United States of America
9.1.1 Historical Trend (2018-2023)
9.1.2 Forecast Trend (2024-2032)
9.2 Canada
9.2.1 Historical Trend (2018-2023)
9.2.2 Forecast Trend (2024-2032)
10 Europe Ammunition Market Analysis
10.1 United Kingdom
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Germany
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 France
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Italy
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 Asia Pacific Ammunition Market Analysis
11.1 China
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Japan
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
11.3 India
11.3.1 Historical Trend (2018-2023)
11.3.2 Forecast Trend (2024-2032)
11.4 ASEAN
11.4.1 Historical Trend (2018-2023)
11.4.2 Forecast Trend (2024-2032)
11.5 Australia
11.5.1 Historical Trend (2018-2023)
11.5.2 Forecast Trend (2024-2032)
11.6 Others
12 Latin America Ammunition Market Analysis
12.1 Brazil
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Argentina
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
12.3 Mexico
12.3.1 Historical Trend (2018-2023)
12.3.2 Forecast Trend (2024-2032)
12.4 Others
13 Middle East and Africa Ammunition Market Analysis
13.1 Saudi Arabia
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 United Arab Emirates
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
13.3 Nigeria
13.3.1 Historical Trend (2018-2023)
13.3.2 Forecast Trend (2024-2032)
13.4 South Africa
13.4.1 Historical Trend (2018-2023)
13.4.2 Forecast Trend (2024-2032)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Trade Data Analysis
15.1 Major Importing Countries
15.1.1 By Volume
15.1.2 By Value
15.2 Major Exporting Countries
15.2.1 By Volume
15.2.2 By Value
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Ammo, Inc.
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 BAE Systems
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 General Dynamics Corp
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 Northrop Grumman Corporation
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Hanwha Corporation
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Thales Group
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 Elbit Systems Ltd.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 Raytheon Technologies Corporation
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Lockheed Martin Corporation
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Nammo AS
16.2.10.1 Company Overview
16.2.10.2 Product Portfolio
16.2.10.3 Demographic Reach and Achievements
16.2.10.4 Certifications
16.2.11 Saab AB
16.2.11.1 Company Overview
16.2.11.2 Product Portfolio
16.2.11.3 Demographic Reach and Achievements
16.2.11.4 Certifications
16.2.12 Vista Outdoor Inc.
16.2.12.1 Company Overview
16.2.12.2 Product Portfolio
16.2.12.3 Demographic Reach and Achievements
16.2.12.4 Certifications
16.2.13 Singapore Technologies Engineering Ltd
16.2.13.1 Company Overview
16.2.13.2 Product Portfolio
16.2.13.3 Demographic Reach and Achievements
16.2.13.4 Certifications
16.2.14 CBC Global Ammunition
16.2.14.1 Company Overview
16.2.14.2 Product Portfolio
16.2.14.3 Demographic Reach and Achievements
16.2.14.4 Certifications
16.2.15 KMW+Nexter Defense Systems N.V.
16.2.15.1 Company Overview
16.2.15.2 Product Portfolio
16.2.15.3 Demographic Reach and Achievements
16.2.15.4 Certifications
16.2.16 Leonardo S.p.A.
16.2.16.1 Company Overview
16.2.16.2 Product Portfolio
16.2.16.3 Demographic Reach and Achievements
16.2.16.4 Certifications
16.2.17 The Boeing Company
16.2.17.1 Company Overview
16.2.17.2 Product Portfolio
16.2.17.3 Demographic Reach and Achievements
16.2.17.4 Certifications
16.2.18 Olin Corporation
16.2.18.1 Company Overview
16.2.18.2 Product Portfolio
16.2.18.3 Demographic Reach and Achievements
16.2.18.4 Certifications
16.2.19 Herstal Group
16.2.19.1 Company Overview
16.2.19.2 Product Portfolio
16.2.19.4 Certifications
16.2.19.3 Demographic Reach and Achievements
16.2.20 Fiocchi Munizioni S.p.A.
16.2.20.1 Company Overview
16.2.20.2 Product Portfolio
16.2.20.4 Certifications
16.2.20.3 Demographic Reach and Achievements
16.2.21 Prvi Partizan A.D.
16.2.21.1 Company Overview
16.2.21.2 Product Portfolio
16.2.21.4 Certifications
16.2.21.3 Demographic Reach and Achievements
16.2.22 Hornady Manufacturing Company
16.2.22.1 Company Overview
16.2.22.2 Product Portfolio
16.2.22.3 Demographic Reach and Achievements
16.2.22.4 Certifications
16.2.23 Česká zbrojovka a.s.
16.2.23.1 Company Overview
16.2.23.2 Product Portfolio
16.2.23.3 Demographic Reach and Achievements
16.2.23.4 Certifications
16.2.24 Nosler Inc
16.2.24.1 Company Overview
16.2.24.2 Product Portfolio
16.2.24.3 Demographic Reach and Achievements
16.2.24.4 Certifications
16.2.25 ARSENAL JSCo,
16.2.25.1 Company Overview
16.2.25.2 Product Portfolio
16.2.25.3 Demographic Reach and Achievements
16.2.25.4 Certifications
16.2.26 Others
17 Key Trends and Developments in the Market
Additional Customisations Available
1 Manufacturing Process
1.1 Overview
1.2 Detailed Process Flow
1.3 Operation Involved
2 Project Requirement and Cost Analysis
2.1 Land, Location and Site Development
2.2 Construction
2.3 Plant Machinery
2.4 Cost of Raw Material
2.5 Packaging
2.6 Transportation
2.7 Utilities
2.8 Manpower
2.9 Other Capital Investment
List of Key Figures and Tables
1. Global Ammunition Market: Key Industry Highlights, 2018 and 2032
2. Global Ammunition Historical Market: Breakup by Calibre (USD Billion), 2018-2023
3. Global Ammunition Market Forecast: Breakup by Calibre (USD Billion), 2024-2032
4. Global Ammunition Historical Market: Breakup by Product Type (USD Billion), 2018-2023
5. Global Ammunition Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
6. Global Ammunition Historical Market: Breakup by Application (USD Billion), 2018-2023
7. Global Ammunition Market Forecast: Breakup by Application (USD Billion), 2024-2032
8. Global Ammunition Historical Market: Breakup by Region (USD Billion), 2018-2023
9. Global Ammunition Market Forecast: Breakup by Region (USD Billion), 2024-2032
10. North America Ammunition Historical Market: Breakup by Country (USD Billion), 2018-2023
11. North America Ammunition Market Forecast: Breakup by Country (USD Billion), 2024-2032
12. Europe Ammunition Historical Market: Breakup by Country (USD Billion), 2018-2023
13. Europe Ammunition Market Forecast: Breakup by Country (USD Billion), 2024-2032
14. Asia Pacific Ammunition Historical Market: Breakup by Country (USD Billion), 2018-2023
15. Asia Pacific Ammunition Market Forecast: Breakup by Country (USD Billion), 2024-2032
16. Latin America Ammunition Historical Market: Breakup by Country (USD Billion), 2018-2023
17. Latin America Ammunition Market Forecast: Breakup by Country (USD Billion), 2024-2032
18. Middle East and Africa Ammunition Historical Market: Breakup by Country (USD Billion), 2018-2023
19. Middle East and Africa Ammunition Market Forecast: Breakup by Country (USD Billion), 2024-2032
20. Major Exporting Countries by Value
21. Major Importing Countries by Value
22. Major Exporting Countries by Volume
23. Major Importing Countries by Volume
24. Global Ammunition Market Structure
Key Questions Answered in the Report
The market reached a value of USD 27.82 billion in 2023.
The market is estimated to grow at a CAGR of 3.6% between 2024 and 2032.
The market is estimated to witness a healthy growth in the forecast period of 2024-2032 to reach a value of USD 38.28 billion by 2032.
The major regions in the industry are North America, Latin America, the Middle East and Africa, Europe, and the Asia Pacific.
Small calibre, medium calibre, large calibre, and rocket and missiles, among others are the major calibre types of the product.
Rimfire and centrefire are the different product types in the industry.
Civil and commercial, and defence, among others are the significant applications of the product.
The major players in the ammunition market are Ammo, Inc., BAE Systems, General Dynamics Corp, Northrop Grumman Corporation, Hanwha Corporation, Thales Group, Elbit Systems Ltd., Raytheon Technologies Corporation, Lockheed Martin Corporation, Nammo AS, Saab AB, Vista Outdoor Inc., Singapore Technologies Engineering Ltd, CBC Global Ammunition, KMW+Nexter Defense Systems N.V., Leonardo S.p.A., The Boeing Company, Olin Corporation, Herstal Group, Fiocchi Munizioni S.p.A., Prvi Partizan A.D., Hornady Manufacturing Company, Ceska zbrojovka a.s., Nosler Inc, and ARSENAL JSCo, among others.
Analyst Review
The global ammunition market attained a value of USD 27.82 billion in 2023, driven by the growing application of ammunition in the defence sector owing to the rising cross-border conflicts and growing terrorism. Aided by the growing technological advancements and the innovations by the key players, the market is expected to witness a further growth in the forecast period of 2024-2032, growing at a CAGR of 3.6%, reaching an approximate value of USD 38.28 billion by 2032.
EMR’s meticulous research methodology delves deep into the market, covering the macro and micro aspects of the industry. Based on calibre, the market is divided into small calibre, medium calibre, large calibre, and rocket and missiles, among others. By product type, the market is bifurcated into rimfire and centrefire. The significant applications of the product include civil and commercial, and defence, among others. The major regional markets for ammunition are North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa. The key players in the above market are Ammo, Inc., BAE Systems, General Dynamics Corp, Northrop Grumman Corporation, Hanwha Corporation, Thales Group, Elbit Systems Ltd., Raytheon Technologies Corporation, Lockheed Martin Corporation, Nammo AS, Saab AB, Vista Outdoor Inc., Singapore Technologies Engineering Ltd, CBC Global Ammunition, KMW+Nexter Defense Systems N.V., Leonardo S.p.A., The Boeing Company, Olin Corporation, Herstal Group, Fiocchi Munizioni S.p.A., Prvi Partizan A.D., Hornady Manufacturing Company, Česká zbrojovka a.s., Nosler Inc, and ARSENAL JSCo, among others.
EMR’s research methodology uses a combination of cutting-edge analytical tools and the expertise of their highly accomplished team, thus, providing their customers with market insights that are accurate, actionable, and help them remain ahead of their competition.
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