Ammunition Market, By Type By Product (Small arm ammunition, Rockets, Torpedoes, Missiles and warheads, Bombs, and Miscellaneous ), By Application (Defense, Homeland Security, and Others ), By Geography

Description

The global ammunition market is estimated to be valued at US$ 31,104.9 Mn in 2024 and is expected to reach US$ 38,220.9 Mn by 2031, exhibiting a compound annual growth rate (CAGR) of 3% from 2024 to 2031.

Report Coverage		Report Details
Base Year:	2023	Market Size in 2024:	US$ 31,104.9 Mn
Historical Data for:	2019 To 2023	Forecast Period:	2024 To 2031
Forecast Period 2024 to 2031 CAGR:	3.00%	2031 Value Projection:	US$ 38,220.9 Mn

Figure. Ammunition Market Share (%), By Region 2024

The global ammunition market has been witnessing steady growth over the past few years. Ammunition refers to the projectiles fired, scattered, dropped or detonated from any weapon. It consists of cartridges or shells containing gunpowder. Factors such as rising defense budgets of countries and increasing instances of cross-border conflicts have been driving the demand for various types of ammunition globally. However, stringent government regulations regarding the purchase, sale and transportation of ammunition pose challenges to the market. Rapid urbanization and growing crime rates have also been propelling the ammunition requirement for law enforcement agencies. The market is anticipated to grow further in the coming years due to rising geopolitical risk combined with recent developments around automatic weaponry.

Market Dynamics:

The global ammunition market is primarily driven by increasing defense spending of major countries aimed at strengthening their military capabilities. Escalating geopolitical tensions and cross-border conflicts have prompted governments worldwide to modernize their armed forces with advanced weaponry requiring large volumes of ammunition. Meanwhile, growing instances of urban crime and rising terrorist activities have also augmented the need for ammunition from law enforcement agencies. Further, high costs associated with setting up ammunition manufacturing plants also restrain the entry of new players. On the other hand, continuous research & development towards the development of eco-friendly ammunition using non-toxic bullets offers lucrative opportunities for sustained market growth over the forecast period.

Key Features of the Study:

This report provides in-depth analysis of the global ammunition market, and provides market size (US$ Mn) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year

It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market

This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, market trends, regional outlook, and competitive strategies adopted by key players

It profiles key players in the global ammunition market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies

Key companies covered as a part of this study include Poongsan Corporation, Alliant Techsystem, Inc., MaxamCorp Holding, Olin Corporation, Nammo AS, CBC Group, BAE Systems, and Rosoboronexport

Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics

The global ammunition market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts

Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global ammunition market

Market Segmentation

Type Insights (Revenue, USD, 2019 - 2031)
- Large caliber ammunitions
- Medium caliber ammunitions
- Small caliber ammunitions
- Artillery ammunitions
- Mortar ammunitions
- Naval ammunitions
- Aircraft ammunitions
Product Insights (Revenue, USD, 2019 - 2031)
- Small arm ammunition
- Rockets
- Torpedoes
- Missiles and warheads
- Bombs (grenade and rocket bombs)
- Miscellaneous (mines and other explosives)
Application Insights (Revenue, USD, 2019 - 2031)
- Defense
- Homeland Security
- Others (Personal, R&D, entertainment, and fire services)
Regional Insights (Revenue, USD, 2019 - 2031)
- North America
- U.S.
- Canada
- Latin America
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- South Africa
- North Africa
- Central Africa
Key Players Insights
- Poongsan Corporation
- Alliant Techsystem, Inc.
- MaxamCorp Holding
- Olin Corporation
- Nammo AS
- CBC Group
- BAE Systems
- Rosoboronexport

Product Code: CMI4679

1. Research Objectives and Assumptions

Research Objectives
Assumptions
Abbreviations

2. Market Purview

Report Description
- Market Definition and Scope
Executive Summary
- Market Snippet, By Type
- Market Snippet, By Product
- Market Snippet, By Application
- Market Snippet, By Region
Coherent Opportunity Map (COM)

3. Market Dynamics, Regulations, And Trends Analysis

Market Dynamics
- Drivers
- Restraints
- PEST Analysis
- PORTER's Five Forces Analysis
- Market Opportunities
- Regulatory Scenario
- Recent Developments
- Industry Trend

4. Global Ammunition Market - Impact of Coronavirus (COVID-19) Pandemic

Overview
Factors Affecting the Global Ammunition Market - COVID-19
Impact Analysis

5. Global Ammunition Market, By Type, 2024-2031, (USD MN)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Large caliber ammunitions
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Medium caliber ammunitions
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Small caliber ammunitions
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Artillery ammunitions
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Mortar ammunitions
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Naval ammunitions
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
Aircraft ammunitions
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

6. Global Ammunition Market, By Product, 2024-2031, (USD MN)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Small arm ammunition
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
Rockets
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Torpedoes
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Missiles and warheads
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Bombs (grenade and rocket bombs)
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Miscellaneous (mines and other explosives)
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

7. Global Ammunition Market, By Application, 2024-2031, (USD MN)

Introduction
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Defense
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020- 2031
- Segment Trends
Homeland Security
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
Others (Personal, R&D, entertainment, and fire services)
- Market Share Analysis, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends

8. Global Ammunition Market, By Region, 2019-2031 (US$ Mn)

Introduction
- Market Share Analysis, By Region, 2024, 2027, and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
North America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Mn)
- Market Size and Forecast, By Product, 2019- 2031 (US$ Mn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Mn)
- Countries
  - U.S.
  - Canada
Latin America
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Mn)
- Market Size and Forecast, By Product, 2019- 2031 (US$ Mn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Mn)
- Countries
  - Brazil
  - Argentina
  - Mexico
  - Rest of Latin America
Europe
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Mn)
- Market Size and Forecast, By Product, 2019- 2031 (US$ Mn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Mn)
- Countries
  - U.K.
  - Germany
  - Italy
  - France
  - Spain
  - Russia
  - Rest of Europe
Asia Pacific
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Mn)
- Market Size and Forecast, By Product, 2019- 2031 (US$ Mn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Mn)
- Countries
  - China
  - India
  - Japan
  - ASEAN
  - Australia
  - South Korea
  - Rest of Asia Pacific
Middle East
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Mn)
- Market Size and Forecast, By Product, 2019- 2031 (US$ Mn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Mn)
- Sub-regions/Countries
  - GCC Countries
  - Israel
  - Rest of Middle East
Africa
- Market Share Analysis, By Country, 2024, 2027 and 2031 (%)
- Y-o-Y Growth Analysis, For Region, 2020 - 2031
- Market Size and Forecast, By Type, 2019- 2031 (US$ Mn)
- Market Size and Forecast, By Product, 2019- 2031 (US$ Mn)
- Market Size and Forecast, By Application, 2019- 2031 (US$ Mn)
- Regions/Countries
  - South Africa
  - North Africa
  - Central Africa

9. COMPETITIVE LANDSCAPE

Poongsan Corporation
- Company Highlights
- Product Portfolio
- Recent Developments/ Updates
Alliant Techsystem, Inc.
- Company Highlights
- Product Portfolio
- Recent Developments/ Updates
MaxamCorp Holding
- Company Highlights
- Product Portfolio
- Recent Developments/ Updates
Olin Corporation
- Company Highlights
- Product Portfolio
- Recent Developments/ Updates
Nammo AS
- Company Highlights
- Product Portfolio
- Recent Developments/ Updates
CBC Group
- Company Highlights
- Product Portfolio
- Recent Developments/ Updates
BAE Systems
- Company Highlights
- Product Portfolio
- Recent Developments/ Updates
Rosoboronexport
- Company Highlights
- Product Portfolio
- Recent Developments/ Updates

10. Analyst Recommendations

Wheel of Fortune
Analyst View
Coherent Opportunity Map

11. References and Research Methodology

References
Research Methodology
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