Ammunition Market Report: Trends, Forecast and Competitive Analysis to 2030

Ammunition Trends and Forecast

The future of the global ammunition market looks promising with opportunities in the bullet, aerial bomb, grenade, artillery shell, and mortar markets. The global ammunition market is expected to reach an estimated $31.7 billion by 2030 with a CAGR of 3.1% from 2024 to 2030. The major drivers for this market are increasing need for large infantry forces, rising incidence of drug trafficking and terrorist activities, and modernization of armed forces.

A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.

Ammunition by Segment

The study includes a forecast for the global ammunition by caliber, product, guidance mechanism, application, and region.

Ammunition Market by Caliber [Shipment Analysis by Value from 2018 to 2030]:

• Small
• Medium
• Large
• Others

Ammunition Market by Product [Shipment Analysis by Value from 2018 to 2030]:

• Bullets
• Aerial Bombs
• Grenades
• Artillery Shells
• Mortars

Ammunition Market by Guidance Mechanism [Shipment Analysis by Value from 2018 to 2030]:

• Non-Guided
• Guided

Ammunition Market by Application [Shipment Analysis by Value from 2018 to 2030]:

• Defense
• Civil & Commercial

Ammunition Market by Region [Shipment Analysis by Value from 2018 to 2030]:

• North America
• Europe
• Asia Pacific
• The Rest of the World

List of Ammunition Companies

Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies ammunition companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the ammunition companies profiled in this report include-

• Northrop Grumman
• General Dynamics
• CBC Global Ammunition
• Olin
• RUAG Ammotec
• BAE Systems
• Thales Group
• Rheinmetall

Ammunition Market Insights

Lucintel forecasts that small is expected to witness the highest growth over the forecast period due to its increasing adoption by the military and homeland security sectors.

Within this market, bullet is expected to witness the highest growth due to rising focus on upgrading of land and air force inventory by armed forces.

North America will remain the largest region over the forecast period due to increasing instances of terrorism and presence of major players in the region.

Features of the Global Ammunition Market

Market Size Estimates: Ammunition market size estimation in terms of value ($B).

Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.

Segmentation Analysis: Ammunition market size by various segments, such as by caliber, product, guidance mechanism, application, and region in terms of value ($B).

Regional Analysis: Ammunition market breakdown by North America, Europe, Asia Pacific, and Rest of the World.

Growth Opportunities: Analysis of growth opportunities in different caliber, product, guidance mechanism, application, and regions for the ammunition market.

Strategic Analysis: This includes M&A, new product development, and competitive landscape of the ammunition market.

Analysis of competitive intensity of the industry based on Porter's Five Forces model.

FAQ

Q1. What is the ammunition market size?

Answer: The global ammunition market is expected to reach an estimated $31.7 billion by 2030.

Q2. What is the growth forecast for ammunition market?

Answer: The global ammunition market is expected to grow with a CAGR of 3.1% from 2024 to 2030.

Q3. What are the major drivers influencing the growth of the ammunition market?

Answer: The major drivers for this market are increasing need for large infantry forces, rising incidence of drug trafficking and terrorist activities, and modernization of armed forces.

Q4. What are the major segments for ammunition market?

Answer: The future of the ammunition market looks promising with opportunities in the bullet, aerial bomb, grenade, artillery shell, and mortar markets.

Q5. Who are the key ammunition market companies?

Answer: Some of the key ammunition companies are as follows:

• Northrop Grumman
• General Dynamics
• CBC Global Ammunition
• Olin
• RUAG Ammotec
• BAE Systems
• Thales Group
• Rheinmetall

Q6. Which ammunition market segment will be the largest in future?

Answer: Lucintel forecasts that small is expected to witness the highest growth over the forecast period due to its increasing adoption by the military and homeland security sectors.

Q7. In ammunition market, which region is expected to be the largest in next 5 years?

Answer: North America will remain the largest region over the forecast period due to increasing instances of terrorism and presence of major players in the region.

Q.8 Do we receive customization in this report?

Answer: Yes, Lucintel provides 10% customization without any additional cost.

This report answers following 11 key questions:

• Q.1. What are some of the most promising, high-growth opportunities for the ammunition market by caliber (small, medium, large, and others), product (bullets, aerial bombs, grenades, artillery shells, and mortars), guidance mechanism (non-guided and guided), application (defense and civil & commercial), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
• Q.2. Which segments will grow at a faster pace and why?
• Q.3. Which region will grow at a faster pace and why?
• Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
• Q.5. What are the business risks and competitive threats in this market?
• Q.6. What are the emerging trends in this market and the reasons behind them?
• Q.7. What are some of the changing demands of customers in the market?
• Q.8. What are the new developments in the market? Which companies are leading these developments?
• Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
• Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
• Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?