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The North America ammunition market size reached USD 9.28 billion in 2023. The market is expected to grow at a CAGR of 3.76% between 2024 and 2032, reaching USD 12.86 billion by 2032.
The defence sector boosts the North America ammunition market growth as it provides a stable source of demand for ammunition from the manufacturers, which helps them in balanced profit creation and production
Defence ensures steady demand sustaining production and returns. These agreements drive invention for specialised, ammunition, advancing innovations in materials and technology. It contributes to economic expansion by initiating jobs and strengthening related industries improving national defence through a dependable domestic ammunition supply.
In October 2023, Northrop Grumman Corporation was presented with a development contract by the U.S. Navy for their newly invented 57mm guided high explosive ammunition. The 57mm guided high explosive ammunition had the exceptional ability to manoeuvre continuously in flight towards its designated target. It was designed to counter fast-moving surface threats, drones, and swarming threats, featuring an onboard seeker to acquire moving targets and point-detonation mode for optimal engagement and defeat of the target.
Civil and commercial ammunition offers advantages in focused marketing, regulatory adherence, customized product design, market steadiness, innovation, and safety. Various consumer groups possess specific requirements, facilitating regulatory adherence, personalized product creation, enhanced market resilience, innovation stimulation, and safety protocols tailored to each sector's demands.
North America Ammunition Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:
Market Breakup by Caliber
Market Breakup by Product Type
Market Breakup by Application
Market Breakup by Region
The North America ammunition market key players are BAE Systems Plc, Northrop Grumman Corp., Rheinmetall AG, Sierra Bullets, CBC Global Ammunition, Beretta Holding S.A. (RUAG Ammotec AG), Nammo AS, SIG SAUER, Inc., NOSLER Inc., and Saab AB among others.
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 Caliber |
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Breakup by Product Type |
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Breakup by Application |
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Breakup by Region |
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Market Dynamics |
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Competitive Landscape |
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Companies Covered |
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*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 Market Snapshot
7 Opportunities and Challenges in the Market
8 Global Ammunition Market Overview
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 Share by Region
8.4.1 North America
8.4.2 Europe
8.4.3 Asia Pacific
8.4.4 Latin America
8.4.5 Middle East and Africa
9 North America Ammunition Market Overview
9.1 Key Industry Highlights
9.2 North America Ammunition Historical Market (2018-2023)
9.3 North America Ammunition Market Forecast (2024-2032)
10 North America Ammunition Market by Caliber
10.1 Small Caliber
10.1.1 Historical Trend (2018-2023)
10.1.2 Forecast Trend (2024-2032)
10.2 Medium Caliber
10.2.1 Historical Trend (2018-2023)
10.2.2 Forecast Trend (2024-2032)
10.3 Large Caliber
10.3.1 Historical Trend (2018-2023)
10.3.2 Forecast Trend (2024-2032)
10.4 Rockets and Missiles
10.4.1 Historical Trend (2018-2023)
10.4.2 Forecast Trend (2024-2032)
10.5 Others
11 North America Ammunition Market by Product Type
11.1 Rimfire
11.1.1 Historical Trend (2018-2023)
11.1.2 Forecast Trend (2024-2032)
11.2 Centrefire
11.2.1 Historical Trend (2018-2023)
11.2.2 Forecast Trend (2024-2032)
12 North America Ammunition Market by Application
12.1 Civil and Commercial
12.1.1 Historical Trend (2018-2023)
12.1.2 Forecast Trend (2024-2032)
12.2 Defense
12.2.1 Historical Trend (2018-2023)
12.2.2 Forecast Trend (2024-2032)
13 North America Ammunition Market by Country
13.1 United States of America
13.1.1 Historical Trend (2018-2023)
13.1.2 Forecast Trend (2024-2032)
13.2 Canada
13.2.1 Historical Trend (2018-2023)
13.2.2 Forecast Trend (2024-2032)
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 of Demand
14.4 Key Indicators of Price
15 Value Chain Analysis
16 Trade Data Analysis (HS Code – 930690)
16.1 Major Exporting Countries
16.1.1 By Value
16.1.2 By Volume
16.2 Major Importing Countries
16.2.1 By Value
16.2.2 By Volume
17 Competitive Landscape
17.1 Market Structure
17.2 Company Profiles
17.2.1 BAE Systems Plc
17.2.1.1 Company Overview
17.2.1.2 Product Portfolio
17.2.1.3 Demographic Reach and Achievements
17.2.1.4 Certifications
17.2.2 Northrop Grumman Corp.
17.2.2.1 Company Overview
17.2.2.2 Product Portfolio
17.2.2.3 Demographic Reach and Achievements
17.2.2.4 Certifications
17.2.3 Rheinmetall AG
17.2.3.1 Company Overview
17.2.3.2 Product Portfolio
17.2.3.3 Demographic Reach and Achievements
17.2.3.4 Certifications
17.2.4 Sierra Bullets
17.2.4.1 Company Overview
17.2.4.2 Product Portfolio
17.2.4.3 Demographic Reach and Achievements
17.2.4.4 Certifications
17.2.5 CBC Global Ammunition
17.2.5.1 Company Overview
17.2.5.2 Product Portfolio
17.2.5.3 Demographic Reach and Achievements
17.2.5.4 Certifications
17.2.6 Beretta Holding S.A. (RUAG Ammotec AG)
17.2.6.1 Company Overview
17.2.6.2 Product Portfolio
17.2.6.3 Demographic Reach and Achievements
17.2.6.4 Certifications
17.2.7 Nammo AS
17.2.7.1 Company Overview
17.2.7.2 Product Portfolio
17.2.7.3 Demographic Reach and Achievements
17.2.7.4 Certifications
17.2.8 SIG SAUER, Inc.
17.2.8.1 Company Overview
17.2.8.2 Product Portfolio
17.2.8.3 Demographic Reach and Achievements
17.2.8.4 Certifications
17.2.9 NOSLER Inc.
17.2.9.1 Company Overview
17.2.9.2 Product Portfolio
17.2.9.3 Demographic Reach and Achievements
17.2.9.4 Certifications
17.2.10 Saab AB
17.2.10.1 Company Overview
17.2.10.2 Product Portfolio
17.2.10.3 Demographic Reach and Achievements
17.2.10.4 Certifications
17.2.11 Others
18 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global Ammunition Market: Key Industry Highlights, 2018 and 2032
2. North America Ammunition Market: Key Industry Highlights, 2018 and 2032
3. North America Ammunition Historical Market: Breakup by Caliber (USD Billion), 2018-2023
4. North America Ammunition Market Forecast: Breakup by Caliber (USD Billion), 2024-2032
5. North America Ammunition Historical Market: Breakup by Product Type (USD Billion), 2018-2023
6. North America Ammunition Market Forecast: Breakup by Product Type (USD Billion), 2024-2032
7. North America Ammunition Historical Market: Breakup by Application (USD Billion), 2018-2023
8. North America Ammunition Market Forecast: Breakup by Application (USD Billion), 2024-2032
9. North America Ammunition Historical Market: Breakup by Country (USD Billion), 2018-2023
10. North America Ammunition Market Forecast: Breakup by Country (USD Billion), 2024-2032
11. Major Exporting Countries by Value
12. Major Importing Countries by Value
13. Major Exporting Countries by Volume
14. Major Importing Countries by Volume
15. North America Ammunition Market Structure
The market was valued at USD 9.28 billion in 2023.
The market is projected to grow at a CAGR of 3.76% between 2024 and 2032.
The revenue generated from the ammunition market is expected to reach USD 12.86 billion in 2032.
The ammunition market is categorised according to product type, which includes rimfire and centrefire.
The ammunition market key players are BAE Systems Plc, Northrop Grumman Corp., Rheinmetall AG, Sierra Bullets, CBC Global Ammunition, Beretta Holding S.A. (RUAG Ammotec AG), Nammo AS, SIG SAUER, Inc., NOSLER Inc., and Saab AB among others.
Based on the application, the market is divided into civil and commercial and defence.
The market is broken down into New England, Mideast, Great Lakes, Plains, Southeast, Southwest, Rocky Mountain, and Far West.
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