Global Ammunition
Market Report
2024
Ammunition market size is USD 26106.43 million in 2024 and will expand at a compound yearly growth rate (CAGR) of 5.5% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Ammunition market size is USD 26106.43 million in 2024 and will expand at a compound yearly growth rate (CAGR) of 5.5% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Ammunition Market Sales Revenue 2024 | $ 26106.4 Million |
Global Ammunition Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 5.5% |
Europe Ammunition Sales Revenue 2023 | $ 7537.56 Million |
Europe Ammunition Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.8% |
Asia Pacific Ammunition Sales Revenue 2023 | $ 5778.8 Million |
Asia Pacific Ammunition Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.3% |
South America Ammunition Sales Revenue 2023 | $ 1256.56 Million |
South America Ammunition Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.7% |
North America Ammunition Sales Revenue 2023 | $ 10050.1 Million |
North America Ammunition Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.5% |
Middle East and Africa Ammunition Sales Revenue 2023 | $ 502.5 Million |
Middle East and Africa Ammunition Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4% |
Market Split by Caliber |
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Market Split by Product |
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Market Split by End User |
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List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Report scope is customizable as we have a huge database of Ammunition industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Ammunition Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The Ammunition Market encompasses the production, distribution, and sale of various types of munitions, including bullets, shells, cartridges, and other ordnance designed for use in firearms, artillery, and other military equipment. It serves military, law enforcement, and civilian sectors, catering to diverse needs ranging from national defense to recreational shooting. The market is influenced by factors such as geopolitical tensions, military modernization efforts, and civilian demand for personal protection and recreational shooting activities. Technological advancements in ammunition design, including improvements in accuracy, range, and lethality, drive innovation and competition among manufacturers. Additionally, regulatory frameworks and international arms control agreements play an important role in shaping market dynamics by governing trade, production standards, and proliferation concerns.
Growing Threats and Conflicts to Increase the Demand Globally - One key driver in the Ammunition market is the growing threats and conflicts. Escalating geopolitical tensions, terrorism, and regional conflicts heighten demand for ammunition for military and law enforcement agencies, driving market growth. Governments prioritize bolstering their defense and security capabilities, leading to increased procurement of ammunition to address evolving threats and ensure national security. Military Modernization- Increased military spending by nations worldwide drives demand for advanced ammunition technologies, including precision-guided munitions, smart projectiles, and next-generation small arms ammunition.
Regulatory Restrains- Stringent firearms regulations and international arms control agreements impose limitations on the production, distribution, and export of ammunition, affecting market access and growth opportunities. Environmental Concerns- The environmental impact of ammunition production and disposal, including issues related to lead contamination and pollution, poses challenges and drives demand for sustainable alternatives.
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In February 2023, Remington Arms Company LLC introduced its new product line. The company announced the updates in its existing product line of handguns, rimfires, shotshells, and rifles.
(Source: https://www.remington.com/)
Top Companies Market Share in Ammunition Industry: (In no particular order of Rank)
If any Company(ies) of your interest has/have not been disclosed in the above list then please let us know the same so that we will check the data availability in our database and provide you the confirmation or include it in the final deliverables.
According to Cognitive Market Research, North America dominated the market in 2024 and accounted for around 40% of the global revenue due to its large defense budget, extensive military infrastructure, and robust civilian firearms market. The United States, in particular, accounts for a significant portion of global ammunition production and consumption. Its defense industry, supported by government contracts and technological innovation, drives market growth. Additionally, a strong culture of gun ownership and recreational shooting contributes to sustained demand. Regulatory frameworks, although stringent, generally support the industry's expansion within the region.
Asia-Pacific stands out as the fastest-growing region in the Ammunition market due to the rapid economic growth, coupled with increasing defense budgets among countries like China, India, and South Korea, which drives the demand for ammunition to modernize military capabilities. Additionally, geopolitical tensions and territorial disputes in the region fuel the procurement of advanced weaponry and ammunition. Furthermore, rising security concerns, border conflicts, and terrorism threats contribute to sustained growth in ammunition procurement across the Asia Pacific region.
The current report Scope analyzes Ammunition Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
The above graph is for illustrative purposes only. To learn more about geographical trends request the free sample pages. Contact US!
Global Ammunition Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Ammunition Industry growth. Ammunition market has been segmented with the help of its Caliber, Product End User, and others. Ammunition market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
Based on present and future trends, the market size is estimated from 2019 to 2031. Moreover, study also provides quantitative and qualitative analysis of each type to understand the driving factors for the fastest growing type segment for Ammunition market.
Caliber of Ammunition analyzed in this report are as follows:
The above Chart is for representative purposes and does not depict actual sale statistics. Access/Request the quantitative data to understand the trends and dominating segment of Ammunition Industry. Request a Free Sample PDF!
This report forecasts revenue growth at the global, regional, and country levels and provides an analysis of the latest industry trends and opportunities for each application of Ammunition from 2019 to 2031. This will also help to analyze the demand for Ammunition across different end-use industries. Our research team will also help acquire additional data such as Value Chain, Patent analysis, Company Evaluation Quadrant (Matrix), and much more confidential analysis and data insights.
Some of the key Product of Ammunition are:
The above Graph is for representation purposes only. This chart does not depict actual Market share. Please purchase the Ammunition market report 2024 Edition by contacting our team.
According to Cognitive Market Research, defense is the dominating category due to its consistent and substantial demand for various types of ammunition, ranging from small arms to heavy artillery. Governments and military organizations worldwide continuously procure ammunition to maintain their defense capabilities, support training exercises, and replenish stockpiles. Additionally, defense contracts often involve large-scale orders, providing stability and significant revenue for ammunition manufacturers. Furthermore, stringent quality standards, specialized requirements, and long-term partnerships with defense entities create barriers to entry for competitors, consolidating the dominance of defense end users in the ammunition market.
Research Associate at Cognitive Market Research
Anjali Lawand is an accomplished market researcher with a distinct focus on the intricate sector of the Aerospace and Defense. Driven by an unshakable analytical prowess and an insatiable appetite for technological progress, she has committed more than ten years to immersing herself in the ever-evolving panorama that molds the trajectory of aviation, space exploration, and the critical sphere of national security.
I am a results-driven research analyst with a passion for transforming complex information into strategic insights. Grounded in a solid expertise in research and analysis, I thrive on the challenges of data exploration and analysis. My goal is to provide organizations with the actionable intelligence they need to navigate an ever-evolving business landscape and succeed in their business goals.
I led pivotal research initiatives, delving into market trends, consumer behavior, and competitive landscapes. I possess a proven ability to decipher intricate datasets, employing statistical models and visualization tools to deliver strategic insights. Collaborating seamlessly with cross-functional teams, I played a key role in shaping successful business strategies grounded in robust research. I am dedicated to staying at the forefront of research methodologies and industry advancements. Regular participation in conferences, workshops, and continuous learning initiatives keeps my skills sharp and relevant.
Our study will explain complete manufacturing process along with major raw materials required to manufacture end-product. This report helps to make effective decisions determining product position and will assist you to understand opportunities and threats around the globe.
The Global Ammunition Market is witnessing significant growth in the near future.
In 2023, the Small-Caliber Ammunition segment accounted for noticeable share of global Ammunition Market and is projected to experience significant growth in the near future.
The Rimfire segment is expected to expand at the significant CAGR retaining position throughout the forecast period.
Some of the key companies Northrop Grumman Corporation , Olin Corporation and others are focusing on its strategy building model to strengthen its product portfolio and expand its business in the global market.
Disclaimer:
Caliber | Small-Caliber Ammunition, Medium-Caliber Ammunition, Large-Caliber Ammunition, Others |
Product | Rimfire, Centerfire |
End User | Civil & Commercial, Defense |
List of Competitors | 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 |
This chapter will help you gain GLOBAL Market Analysis of Ammunition. Further deep in this chapter, you will be able to review Global Ammunition Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
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Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
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Qualitative Analysis for the North America Market: North America Ammunition Market Trends North America Ammunition Technological Road Map North America Ammunition Market Drivers North America Ammunition Market Restraints North America Ammunition Market Opportunity Market Attractiveness Analysis COVID – 19 Impact Analysis PESTEL Analysis Porter’s Five Forces Analysis Product Life Cycle Industrial Chain Analysis
You can purchase only the Executive Summary North America Market (2019 vs 2024 vs 2031)
Chapter 3 Europe Market Analysis
You can purchase only the Executive Summary Europe Market (2019 vs 2024 vs 2031)
Chapter 4 Asia-Pacific Market Analysis
You can purchase only the Executive Summary Asia Pacific Market (2019 vs 2024 vs 2031)
Chapter 5 South America Market Analysis
You can purchase only the Executive Summary South America Market (2019 vs 2024 vs 2031)
Chapter 6 Middle East and Africa Market Analysis
You can purchase only the Executive Summary Middle East and Africa Market (2019 vs 2024 vs 2031)
Only Available with Corporate User License
Chapter 7 Top 10 Countries Analysis
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Caliber Analysis 2019 -2031, will provide market size split by Caliber. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Caliber Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 11 Market Split by Product Analysis 2019 -2031
The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 12 Market Split by End User Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Ammunition market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Small-Caliber Ammunition have a significant impact on Ammunition market? |
What are the key factors affecting the Small-Caliber Ammunition and Medium-Caliber Ammunition of Ammunition Market? |
What is the CAGR/Growth Rate of Rimfire during the forecast period? |
By type, which segment accounted for largest share of the global Ammunition Market? |
Which region is expected to dominate the global Ammunition Market within the forecast period? |
Segmentation Level Customization |
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Global level Data Customization |
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Region level Data Customization |
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Country level Data Customization |
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Company Level |
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Additional Data Analysis |
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Additional Qualitative Data |
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Additional Quantitative Data |
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Service Level Customization |
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Report Format Alteration |
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