Ammunition Market by Caliber, Product, Component, Guidance, Lethality, Application

List of Tables

[195 Pages Report] The Ammunition Market size was estimated at USD 29.50 billion in 2023 and expected to reach USD 30.76 billion in 2024, at a CAGR 4.43% to reach USD 39.96 billion by 2030.

Ammunition refers to the material for charging firearms and artillery, including bullets, shells, gunpowder, and other substances and devices that propel a weapon's payload toward its target. Essentially, it is the set of components that enable a weapon to execute its primary function of launching one or more projectiles to strike a target. Ammunition is used in various contexts, from military and law enforcement applications to hunting, sport shooting, and personal defense. The term can encompass a wide range of items, including the projectiles themselves (such as bullets and artillery shells), the propellant that provides the force to launch those projectiles, and the casings or cartridges that hold all the components together in a single, easy-to-use unit. Ammunition is designed to fit specific types of weapons and is categorized by size, shape, and the materials from which it is made. Increasing geopolitical tensions and conflicts worldwide have led to a spike in defense spending by nations looking to bolster their military capabilities, thereby driving demand for ammunition. However, stringent regulations surrounding the manufacture, sale, and export of ammunition can limit the growth of ammunition. Meanwhile, advancements in innovative technology, such as guided ammunition and programmable rounds, offer new avenues for growth. In addition, the development of non-toxic, lead-free ammunition presents significant opportunities for manufacturers.

KEY MARKET STATISTICS
Base Year [2023]	USD 29.50 billion
Estimated Year [2024]	USD 30.76 billion
Forecast Year [2030]	USD 39.96 billion
CAGR (%)	4.43%

Regional Insights

The United States and Canada are significant markets for civilian and military ammunition in the Americas due to their strong gun culture, significant military spending, and a well-established hunting tradition. Recent investments in smart ammunition technology and a surge in personal protection and sporting gun sales have driven the market forward. Patents in advanced materials for bullets and improvements in non-lethal rounds are notable in the region and significantly cater to the growth of ammunition. On the other hand, EMEA presents a varied picture for ammunition due to differing national regulations and defense priorities among member states. Eastern European countries have seen increased defense spending, including investments in ammunition, in response to geopolitical tensions. Western European countries, with more stringent gun control laws, demonstrate a demand for advanced training and non-lethal ammunition, driven both by law enforcement needs and civilian interest in sports. Moreover, the ammunition market in the Asia-Pacific region is experiencing significant growth, driven largely by increased defense spending among nations looking to modernize and expand their military capabilities. This surge is attributed to rising geopolitical tensions and a heightened focus on national security across several regional countries.

Market Insights

Market Dynamics

The market dynamics represent an ever-changing landscape of the Ammunition Market by providing actionable insights into factors, including supply and demand levels. Accounting for these factors helps design strategies, make investments, and formulate developments to capitalize on future opportunities. In addition, these factors assist in avoiding potential pitfalls related to political, geographical, technical, social, and economic conditions, highlighting consumer behaviors and influencing manufacturing costs and purchasing decisions.

Market Drivers
- Increases in geopolitical tensions and conflicts around the world
- Growing interest in shooting sports and hunting activities among civilians
- Significant investments by governments and defense agencies in ammunition for national security

Market Restraints
- Increasing public concern over gun violence and calls for stricter gun control laws

Market Opportunities
- Advancements in smart technology for guided and programmable ammunition
- Development and adoption of non-toxic, non-lethal, and lead-free ammunition

Market Challenges
- Stringent regulations surrounding the manufacture, sale, and export of ammunition

Market Segmentation Analysis
- Caliber: Pertaining demand for large caliber ammunition due to their long-range and high-impact applications
- Application: Increasing usage of ammunition in hunting and sport shooting activities

Market Disruption Analysis
Porter's Five Forces Analysis
Value Chain & Critical Path Analysis
Pricing Analysis
Technology Analysis
Patent Analysis
Trade Analysis
Regulatory Framework Analysis

FPNV Positioning Matrix

The FPNV positioning matrix is essential in evaluating the market positioning of the vendors in the Ammunition Market. This matrix offers a comprehensive assessment of vendors, examining critical metrics related to business strategy and product satisfaction. This in-depth assessment empowers users to make well-informed decisions aligned with their requirements. Based on the evaluation, the vendors are then categorized into four distinct quadrants representing varying levels of success, namely Forefront (F), Pathfinder (P), Niche (N), or Vital (V).

Market Share Analysis

The market share analysis is a comprehensive tool that provides an insightful and in-depth assessment of the current state of vendors in the Ammunition Market. By meticulously comparing and analyzing vendor contributions, companies are offered a greater understanding of their performance and the challenges they face when competing for market share. These contributions include overall revenue, customer base, and other vital metrics. Additionally, this analysis provides valuable insights into the competitive nature of the sector, including factors such as accumulation, fragmentation dominance, and amalgamation traits observed over the base year period studied. With these illustrative details, vendors can make more informed decisions and devise effective strategies to gain a competitive edge in the market.

Recent Developments

Expansion of Rheinmetall's Ammunition Manufacturing Capabilities in Hungary

Rheinmetall has embarked on the second phase of its Varpalota plant expansion in Hungary, starting from January 2024. The project, dubbed "Varpalota 2.0," aims to sextuple the facility's area to approximately 120 hectares and increase the workforce to 200. This enhanced facility aims to commence production of advanced 120mm tank ammunition and 155mm artillery shells, marking a considerable broadening in the plant's product spectrum. This strategic expansion reinforces Rheinmetall's position in the defense industry and highlights its commitment to advancing military technology and manufacturing capabilities. [Published On: 2024-01-30]

Northrop Grumman to Enhance U.S. Navy Firepower with Advanced 57mm Guided Ammunition for Mk110 Naval Guns

Northrop Grumman Corporation secured a contract from the U.S. Navy to advance the development of a cutting-edge 57mm guided high explosive ammunition explicitly tailored for the Mk110 Naval Gun Mount. This initiative involves rigorous testing and refinement stages to qualify the ammunition for operational use. This development represents a significant step forward in enhancing the precision and effectiveness of the U.S. Navy's arsenal, marking a pivotal advancement in naval warfare technology. [Published On: 2023-10-04]

A Strategic Euro 2 Billion Initiative to Advance Military Preparedness and Ammunition Production

The European Commission embarked on a significant endeavor to enhance its defense capabilities by allocating around Euro 2 billion towards improving the resilience and readiness of its defense industry. This strategic investment addresses the pressing requirement for increased ammunition production and supports the defense industry against potential future challenges. The initiative is part of a broader effort to strengthen Europe's military infrastructure, ensuring the EU maintains a robust and responsive defense mechanism capable of meeting contemporary and emergent threats. [Published On: 2023-03-15]

Strategy Analysis & Recommendation

The strategic analysis is essential for organizations seeking a solid foothold in the global marketplace. Companies are better positioned to make informed decisions that align with their long-term aspirations by thoroughly evaluating their current standing in the Ammunition Market. This critical assessment involves a thorough analysis of the organization's resources, capabilities, and overall performance to identify its core strengths and areas for improvement.

Key Company Profiles

The report delves into recent significant developments in the Ammunition Market, highlighting leading vendors and their innovative profiles. These include Ammo Inc., Arsenal JSCo., BAE Systems PLC, CBC Global Ammunition, Denel SOC Ltd., EDGE PJSC Group, Elbit Systems Ltd., FRITZ WERNER Industrie-Ausrustungen GmbH, General Dynamics Corporation, Hanwha Group, Herstal SA, Hornady Manufacturing, Inc., KNDS N.V., Nammo AS, Norma Precision AB, Northrop Grumman Corporation, NOSLER INC., Olin Corporation, Remington Ammunition, Rheinmetall AG, RUAG Group, RWS GmbH, and Visa Outdoor Operations LLC.

Market Segmentation & Coverage

This research report categorizes the Ammunition Market to forecast the revenues and analyze trends in each of the following sub-markets:

Caliber
- Large Caliber Ammunition
  - 120mm
  - 155mm
  - 60mm
  - 81mm

Medium Caliber Ammunition
- 20mm
- 25mm
- 30mm
- 40mm

Small Caliber Ammunition
- 12.7 mm
- 14.5 mm
- 5.56 mm
- 7.62 mm

Product
- Aerial Bombs
- Artillery Shells
- Bullets
- Grenades
- Mortars

Component
- Bases
- Fuzes
  - Combination Fuzes
  - Impact Fuzes
  - Proximity Fuzes
  - Time Fuzes

Primers
- Centerfire Primers
- Rimfire Primers

Projectiles & Warheads
Propellants

Guidance
- Guided
- Non-Guided

Lethality
- Less-Lethal
- Lethal

Application
- Civil & Commercial
  - Hunting
  - Self-Defense
  - Sporting

Military & Defense

Region
- Americas
  - Argentina
  - Brazil
  - Canada
  - Mexico
  - United States
    - California
    - Florida
    - Illinois
    - New York
    - Ohio
    - Pennsylvania
    - Texas
- Asia-Pacific
  - Australia
  - China
  - India
  - Indonesia
  - Japan
  - Malaysia
  - Philippines
  - Singapore
  - South Korea
  - Taiwan
  - Thailand
  - Vietnam

Europe, Middle East & Africa
- Denmark
- Egypt
- Finland
- France
- Germany
- Israel
- Italy
- Netherlands
- Nigeria
- Norway
- Poland
- Qatar
- Russia
- Saudi Arabia
- South Africa
- Spain
- Sweden
- Switzerland
- Turkey
- United Arab Emirates
- United Kingdom

Product Code: MRR-434CCDA050CD

1. Preface

1.1. Objectives of the Study
1.2. Market Segmentation & Coverage
1.3. Years Considered for the Study
1.4. Currency & Pricing
1.5. Language
1.6. Stakeholders

2. Research Methodology

2.1. Define: Research Objective
2.2. Determine: Research Design
2.3. Prepare: Research Instrument
2.4. Collect: Data Source
2.5. Analyze: Data Interpretation
2.6. Formulate: Data Verification
2.7. Publish: Research Report
2.8. Repeat: Report Update

3. Executive Summary

4. Market Overview

5. Market Insights

5.1. Market Dynamics
- 5.1.1. Drivers
  - 5.1.1.1. Increases in geopolitical tensions and conflicts around the world
  - 5.1.1.2. Growing interest in shooting sports and hunting activities among civilians
  - 5.1.1.3. Significant investments by governments and defense agencies in ammunition for national security
- 5.1.2. Restraints
  - 5.1.2.1. Increasing public concern over gun violence and calls for stricter gun control laws
- 5.1.3. Opportunities
  - 5.1.3.1. Advancements in smart technology for guided and programmable ammunition
  - 5.1.3.2. Development and adoption of non-toxic, non-lethal, and lead-free ammunition
- 5.1.4. Challenges
  - 5.1.4.1. Stringent regulations surrounding the manufacture, sale, and export of ammunition
5.2. Market Segmentation Analysis
- 5.2.1. Caliber: Pertaining demand for large caliber ammunition due to their long-range and high-impact applications
- 5.2.2. Application: Increasing usage of ammunition in hunting and sport shooting activities
5.3. Market Disruption Analysis
5.4. Porter's Five Forces Analysis
- 5.4.1. Threat of New Entrants
- 5.4.2. Threat of Substitutes
- 5.4.3. Bargaining Power of Customers
- 5.4.4. Bargaining Power of Suppliers
- 5.4.5. Industry Rivalry
5.5. Value Chain & Critical Path Analysis
5.6. Pricing Analysis
5.7. Technology Analysis
5.8. Patent Analysis
5.9. Trade Analysis
5.10. Regulatory Framework Analysis

6. Ammunition Market, by Caliber

6.1. Introduction
6.2. Large Caliber Ammunition
6.3. Medium Caliber Ammunition
6.4. Small Caliber Ammunition

7. Ammunition Market, by Product

7.1. Introduction
7.2. Aerial Bombs
7.3. Artillery Shells
7.4. Bullets
7.5. Grenades
7.6. Mortars

8. Ammunition Market, by Component

8.1. Introduction
8.2. Bases
8.3. Fuzes
8.4. Primers
8.5. Projectiles & Warheads
8.6. Propellants

9. Ammunition Market, by Guidance

9.1. Introduction
9.2. Guided
9.3. Non-Guided

10. Ammunition Market, by Lethality

10.1. Introduction
10.2. Less-Lethal
10.3. Lethal

11. Ammunition Market, by Application

11.1. Introduction
11.2. Civil & Commercial
11.3. Military & Defense

12. Americas Ammunition Market

12.1. Introduction
12.2. Argentina
12.3. Brazil
12.4. Canada
12.5. Mexico
12.6. United States

13. Asia-Pacific Ammunition Market

13.1. Introduction
13.2. Australia
13.3. China
13.4. India
13.5. Indonesia
13.6. Japan
13.7. Malaysia
13.8. Philippines
13.9. Singapore
13.10. South Korea
13.11. Taiwan
13.12. Thailand
13.13. Vietnam

14. Europe, Middle East & Africa Ammunition Market

14.1. Introduction
14.2. Denmark
14.3. Egypt
14.4. Finland
14.5. France
14.6. Germany
14.7. Israel
14.8. Italy
14.9. Netherlands
14.10. Nigeria
14.11. Norway
14.12. Poland
14.13. Qatar
14.14. Russia
14.15. Saudi Arabia
14.16. South Africa
14.17. Spain
14.18. Sweden
14.19. Switzerland
14.20. Turkey
14.21. United Arab Emirates
14.22. United Kingdom

15. Competitive Landscape

15.1. Market Share Analysis, 2023
15.2. FPNV Positioning Matrix, 2023
15.3. Competitive Scenario Analysis
- 15.3.1. Expansion of Rheinmetall's Ammunition Manufacturing Capabilities in Hungary
- 15.3.2. Northrop Grumman to Enhance U.S. Navy Firepower with Advanced 57mm Guided Ammunition for Mk110 Naval Guns
- 15.3.3. A Strategic Euro 2 Billion Initiative to Advance Military Preparedness and Ammunition Production
15.4. Strategy Analysis & Recommendation

16. Competitive Portfolio

16.1. Key Company Profiles
16.2. Key Product Portfolio