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Historical Year
Forecast Year
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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*While we strive to always give you current and accurate information, the numbers depicted on the website are indicative and may differ from the actual numbers in the main report. At Expert Market Research, we aim to bring you the latest insights and trends in the market. Using our analyses and forecasts, stakeholders can understand the market dynamics, navigate challenges, and capitalize on opportunities to make data-driven strategic decisions.*
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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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United States (Head Office)
30 North Gould Street, Sheridan, WY 82801
+1-415-325-5166
Australia
63 Fiona Drive, Tamworth, NSW
+61 448 06 17 27
India
C130 Sector 2 Noida, Uttar Pradesh 201301
+91-858-608-1494
Philippines
40th Floor, PBCom Tower, 6795 Ayala Avenue Cor V.A Rufino St. Makati City, 1226.
+63 287899028, +63 967 048 3306
United Kingdom
6 Gardner Place, Becketts Close, Feltham TW14 0BX, Greater London
+44-753-713-2163
Vietnam
193/26/4 St.no.6, Ward Binh Hung Hoa, Binh Tan District, Ho Chi Minh City
+84865399124
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