Industry Overview of Ammunition Market
IMARC Group, a leading market research company, has recently releases report titled “Ammunition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global ammunition market share, size, trends, and growth forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
What is an Ammunition?
Ammunition refers to specialized projectiles and propelling charges designed for use in firearms for both offensive and defensive purposes. It consists of various components, including a primer, cartridge case, powder, wad, and projectile. Ammunition is available in different types such as high-explosive rounds, armor-piercing rounds, high-explosive squash head (HESH) rounds, armor-piercing discarding sabot (APDS) rounds, armor-piercing discarding sabot fin-stabilized (APDSFS) rounds, and more. These rounds are manufactured using a variety of materials such as aluminum, polymer plastics, lead, chromium, steel, brass, and copper.
Ammunition is stored in airtight metal containers to ensure its safety and reliability. It serves the purpose of preventing conflicts and supporting security transitions by providing force against specific targets. Ammunition finds wide-ranging applications in hunting, self-defense, law enforcement, sports, and military operations worldwide.
How Big Is the Ammunition Market?
| Report Attributes | Details |
| Market Size in 2022 | US$ 23.85 Billion |
| Market Forecast in 2028 | US$ 30.67 Billion |
| Growth rate (2023 to 2028) | CAGR of 4.15% |
| Base Year of the Analysis | 2022 |
| Forecast Period | 2023-2028 |
What Are the Growth Prospects and Trends in The Ammunition Industry?
The increasing geopolitical tensions and cross-border conflicts are key factors propelling the ammunition market. Additionally, the rise in terrorist activities and incidents of mass shootings are contributing to the market growth. Furthermore, there is a growing demand for small and medium-sized ammunition in recreational shooting sports. The adoption of lightweight bullets by military personnel to carry more ammunition during combat operations is also driving the global market. Moreover, governments’ investments in defense equipment to enhance firepower and ensure security are stimulating market growth. The development of lightweight bullets made from polymer-based cases is expected to further fuel the ammunition market in the foreseeable future.
What is included in market segmentation?
The report provides detailed segmentation of the global ammunition market based on based on product type, caliber, guidance, lethality, application and region.
Product Type Insights:
- Bullets
- Aerial Bombs
- Grenades
- Mortars
- Artillery Shells
- Others
Caliber Insights:
- Small
- Medium
- Large
Guidance Insights:
- Guided
- Non-Guided
Lethality Insights:
- Less-Lethal
- Lethal
Application Insights:
- Defense
- Military
- Homeland Security
- Civil and Commercial
- Sporting
- Hunting
- Self-Defense
- Others
Regional Insights:
- North America
- United States
- Canada
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
The report provides a comprehensive analysis of the industry key players listed below:
The Major Players in the market are Ammo Inc., Arsenal 2000 AD, BAE Systems PLC, CBC Ammo LLC, Denel SOC Ltd, Hanwha Corporation, Herstal Group, Hornady Manufacturing Company, Nammo AS, Nexter group KNDS, Northrop Grumman Corporation, Nosler Inc., Remington Outdoor Company Inc, Rheinmetall AG, Sierra Bullets (Clarus Corporation), etc.
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
Contact us:
IMARC Group
134 N 4th St. Brooklyn, NY 11249, USA
Email: sales@imarcgroup.com
Tel No:(D) +91 120 433 0800
Americas:- +1 631 791 1145 | Africa and Europe :- +44-702-409-7331 | Asia: +91-120-433-0800, +91-120-433-0800