Global Ammunition Market Size Study, by Application (Defense, Civil and Commercial), by Product Type (Centrefire, Rimfire), by Caliber Size (Small, Medium, Large, Others), and Regional Forecasts 2022-2032

Description

Global Ammunition Market is valued at approximately USD 23.75 billion in 2023 and is anticipated to grow with a healthy growth rate of more than 3.9% over the forecast period 2024-2032. The ammunition market encompasses the production, distribution, and sale of ammunition used in various firearms and weapons. This includes cartridges, bullets, shells, and other projectiles, along with their associated components such as primers, propellants, and casings. The market serves a diverse range of end-users including military and defense forces, law enforcement agencies, sports and recreational shooters, hunters, and private firearm owners. The market is driven by defense spending, benefits from the ongoing investments in military modernization and the development of advanced weapon systems, which further escalate the need for sophisticated ammunition types.

Increasing global defense spending is a key driver for the ammunition market, as governments allocate larger budgets for military modernization and procurement. In 2023, global military spending reached an all-time high of $2.24 trillion, with countries like the United States, China, and Russia leading the expenditure. This surge in defense budgets is primarily driven by geopolitical tensions, rising security threats, and the need for advanced military capabilities. As a result, demand for various types of ammunition, including small, medium, and large caliber rounds, has significantly increased, boosting the market's growth. Moreover, the modernization of military equipment, development of smart ammunition and increase in defense expenditure by major economies present various lucrative opportunities over the forecast years. However, the stringent government regulations and high cost of ammunition are challenging the market growth throughout the forecast period of 2024-2032.

The key regions considered for the Global Ammunition Market study include Asia Pacific, North America, Europe, Latin America, and Rest of the World. Asia-Pacific dominated the global market in terms of revenue and is projected to be the fastest-growing over the forecast period. The region's market growth is fueled by escalating regional conflicts and the consequent rise in defense spending as countries strive to bolster their military capabilities. The modernization of defense systems, alongside the procurement of advanced ammunition, underscores the region's increasing emphasis on security and defense. As Asia-Pacific nations continue to invest in their defense infrastructure, the demand for sophisticated ammunition is expected to rise, positioning the region as a critical market player in the global landscape.

Major market players included in this report are:

Nexter
Rheinmetall AG
Hornady Manufacturing Company Inc.
General Dynamics Corporation
Nammo AS
Northrop Grumman Corporation
Olin Corporation
BAE Systems
RUAG Ammotec
Vista Outdoor Inc.
FN Herstal
CBC Global Ammunition
Poongsan Corporation
Sellier & Bellot
Remington Ammunition

The detailed segments and sub-segments of the market are explained below:

By Application:

Defense
Civil and Commercial

By Product Type:

Centrefire
Rimfire

By Caliber Size:

Small
Medium
Large
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE
Asia Pacific
China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of Latin America
Middle East & Africa
Saudi Arabia
South Africa
RoMEA

Years considered for the study are as follows:

Historical year - 2022
Base year - 2023
Forecast period - 2024 to 2032

Key Takeaways:

Market Estimates & Forecast for 10 years from 2022 to 2032.
Annualized revenues and regional level analysis for each market segment.
Detailed analysis of geographical landscape with country-level analysis of major regions.
Competitive landscape with information on major players in the market.
Analysis of key business strategies and recommendations on future market approach.
Analysis of competitive structure of the market.
Demand side and supply side analysis of the market.

Chapter 1. Global Ammunition Market Executive Summary

1.1. Global Ammunition Market Size & Forecast (2022- 2032)
1.2. Regional Summary
1.3. Segmental Summary
- 1.3.1. By Application
- 1.3.2. By Product Type
- 1.3.3. By Caliber Size
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

Chapter 2. Global Ammunition Market Definition and Research Assumptions

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
- 2.3.1. Inclusion & Exclusion
- 2.3.2. Limitations
- 2.3.3. Supply Side Analysis
  - 2.3.3.1. Availability
  - 2.3.3.2. Infrastructure
  - 2.3.3.3. Regulatory Environment
  - 2.3.3.4. Market Competition
  - 2.3.3.5. Economic Viability (Consumer's Perspective)
- 2.3.4. Demand Side Analysis
  - 2.3.4.1. Regulatory Frameworks
  - 2.3.4.2. Technological Advancements
  - 2.3.4.3. Environmental Considerations
  - 2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

Chapter 3. Global Ammunition Market Dynamics

3.1. Market Drivers
- 3.1.1. Growing Defense Spending
- 3.1.2. Technological Advancements in Ammunition
- 3.1.3. Increase in Demand for Advanced Precision Strike Weapons
3.2. Market Challenges
- 3.2.1. Stringent Government Regulations
- 3.2.2. High Cost of Ammunition
3.3. Market Opportunities
- 3.3.1. Modernization of Military Equipment
- 3.3.2. Development of Smart Ammunition
- 3.3.3. Increase in Defense Expenditure by Major Economies

Chapter 4. Global Ammunition Market Industry Analysis

4.1. Porter's 5 Force Model
- 4.1.1. Bargaining Power of Suppliers
- 4.1.2. Bargaining Power of Buyers
- 4.1.3. Threat of New Entrants
- 4.1.4. Threat of Substitutes
- 4.1.5. Competitive Rivalry
- 4.1.6. Futuristic Approach to Porter's 5 Force Model
- 4.1.7. Porter's 5 Force Impact Analysis
4.2. PESTEL Analysis
- 4.2.1. Political
- 4.2.2. Economical
- 4.2.3. Social
- 4.2.4. Technological
- 4.2.5. Environmental
- 4.2.6. Legal
4.3. Top Investment Opportunities
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

Chapter 5. Global Ammunition Market Size & Forecasts by Application 2022-2032

5.1. Segment Dashboard
5.2. Global Ammunition Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 5.2.1. Defense
- 5.2.2. Civil and Commercial

Chapter 6. Global Ammunition Market Size & Forecasts by Product Type 2022-2032

6.1. Segment Dashboard
6.2. Global Ammunition Market: Product Type Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 6.2.1. Centrefire
- 6.2.2. Rimfire

Chapter 7. Global Ammunition Market Size & Forecasts by Caliber Size 2022-2032

7.1. Segment Dashboard
7.2. Global Ammunition Market: Caliber Size Revenue Trend Analysis, 2022 & 2032 (USD Billion)
- 7.2.1. Small
- 7.2.2. Medium
- 7.2.3. Large
- 7.2.4. Others

Chapter 8. Global Ammunition Market Size & Forecasts by Region 2022-2032

8.1. North America Ammunition Market
- 8.1.1. U.S. Ammunition Market
  - 8.1.1.1. Application breakdown size & forecasts, 2022-2032
  - 8.1.1.2. Product Type breakdown size & forecasts, 2022-2032
  - 8.1.1.3. Caliber Size breakdown size & forecasts, 2022-2032
- 8.1.2. Canada Ammunition Market
8.2. Europe Ammunition Market
- 8.2.1. U.K. Ammunition Market
- 8.2.2. Germany Ammunition Market
- 8.2.3. France Ammunition Market
- 8.2.4. Spain Ammunition Market
- 8.2.5. Italy Ammunition Market
- 8.2.6. Rest of Europe Ammunition Market
8.3. Asia-Pacific Ammunition Market
- 8.3.1. China Ammunition Market
- 8.3.2. India Ammunition Market
- 8.3.3. Japan Ammunition Market
- 8.3.4. Australia Ammunition Market
- 8.3.5. South Korea Ammunition Market
- 8.3.6. Rest of Asia Pacific Ammunition Market
8.4. Latin America Ammunition Market
- 8.4.1. Brazil Ammunition Market
- 8.4.2. Mexico Ammunition Market
- 8.4.3. Rest of Latin America Ammunition Market
8.5. Middle East & Africa Ammunition Market
- 8.5.1. Saudi Arabia Ammunition Market
- 8.5.2. South Africa Ammunition Market
- 8.5.3. Rest of Middle East & Africa Ammunition Market

Chapter 9. Competitive Intelligence

9.1. Key Company SWOT Analysis
9.2. Top Market Strategies
9.3. Company Profiles
- 9.3.1. Nexter
  - 9.3.1.1. Key Information
  - 9.3.1.2. Overview
  - 9.3.1.3. Financial (Subject to Data Availability)
  - 9.3.1.4. Product Summary
  - 9.3.1.5. Market Strategies
- 9.3.2. Rheinmetall AG
- 9.3.3. Hornady Manufacturing Company Inc.
- 9.3.4. General Dynamics Corporation
- 9.3.5. Nammo AS
- 9.3.6. Northrop Grumman Corporation
- 9.3.7. Olin Corporation
- 9.3.8. BAE Systems
- 9.3.9. RUAG Ammotec
- 9.3.10. Vista Outdoor Inc.
- 9.3.11. FN Herstal
- 9.3.12. CBC Global Ammunition
- 9.3.13. Poongsan Corporation
- 9.3.14. Sellier & Bellot
- 9.3.15. Remington Ammunition

Chapter 10. Research Process

10.1. Research Process
- 10.1.1. Data Mining
- 10.1.2. Analysis
- 10.1.3. Market Estimation
- 10.1.4. Validation
- 10.1.5. Publishing
10.2. Research Attributes