Ammunition Market Size, Share & Trends Analysis Report By Caliber, By Product, By End Use And Segment Forecasts From 2022 To 2030

The global ammunition market was valued at USD 22.7 billion and is projected to witness a growth of USD 29.68 billion by 2030 at a CAGR of 3.2%. There are various factors determining market growth including the militarization of the police forces, change in the warfare nature, increase in drug trafficking, and rise in terrorist activities. The evolution and modernization of weapons for armed forces are also driving factors for the ammunition market growth.

Ammunitions include bombs, bullets, and missiles that are used as lethal weapons in war and combat situations. Besides, the rise of geopolitical tensions worldwide, the increase in investments by militaries for better defense equipment is also projected to drive the ammunition demand during the forecast years. The rising procurement by the Indian Military for artillery and mortar platforms is predicted to increase the ammunition number over the next few years. In addition, the increasing hostilities in the Middle Eastern countries are expected to contribute to the demand for ammunition in the estimated time frame. The UK government recently announced an increase in its naval budget to USD 45.9 billion which would amount to the substantial potential for ammunition demand for air and sea defense systems.

The adoption of evolved weapons and equipment is significantly growing in regions like North America and Europe to further strengthen their defense. For example, Germany initiated the transformation of its military capabilities which influenced the market positively. However, due to the increasing crime rates in several developed countries, the stringent government laws on weapons and gun ownership especially by civilians may hamper the demand for ammunition.

In spite of all the markets being affected negatively due to the COVID-19 outbreak, there has been an overall growth in the sale of weapons and arms. The market witnessed a surge in gun buying, especially among first-time gun owners. Countries like the U.S., Australia, Japan, and India of the Quad Group are collaborating to build technical expertise, and develop strategic advancements and advantages.

Ammunition Market Report Key Takeaways

• In 2021, the smaller caliber segment dominated the market with over 50.0% revenue share to its name and is expected to witness the fastest growth during forthcoming years, owing to the escalating demand from the defense and security forces
• Over 25 companies in the European Union manufacture lead-free shotgun ammunition and 14 companies distribute lead-free rifle ammunition
• The market of Asia Pacific is predicted to register a CAGR of 4.6% during the forecasted year owing to the upgrading of defense forces in several countries like China, India, Singapore, and Australia
• A brand new universal rifle of projectile powder named RS76 was launched by Reload Swiss in 2019 which is suitable for calibers like .338 Norma magnum, .338 Lapua Magnum, .300 Norma Magnum, and 7mm Remington Magnum
• Companies and manufacturers are seeking continuous growth and expansion opportunities through R&D efforts product developments, partnership, and merger and acquisition prospects

Ammunition Market Segments

• Ammunition Caliber Outlook (Revenue, USD Million, 2017 - 2030)
  • Small Caliber
    • 5.56 mm
    • 7.62 mm
      • 7.62 x 51 mm
      • 7.62 x 39 mm
      • Others
    • 9 mm
      • 9 x 18 mm
      • 9 x 19 mm
      • Others
  • Medium Caliber
    • 23 mm
    • 30 mm
    • Others
  • Large Caliber
    • VSHORAD
    • 122 mm
    • Others
  • Rockets, Missiles, and Other
    • Tank Ammunition
    • Artillery Ammunition
• Ammunition Product Outlook (Revenue, USD Million, 2017 - 2030)
  • Rimfire
  • Centerfire
• Ammunition End-use Outlook (Revenue, USD Million, 2017 - 2030)
  • Civil & Commercial
    • Sports
    • Hunting
    • Self Defense
  • Defense
    • Military
    • Law Enforcement
• Ammunition Regional Outlook (Revenue, USD Million, 2017 - 2030)
  • North America
    • U.S.
    • Canada
    • Mexico
  • Europe
    • Germany
    • U.K.
    • France
    • Spain
    • Russia
    • Turkey
    • Czech Republic
    • Poland
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Australia
    • Singapore
  • Central & South America
    • Brazil
    • Argentina
  • Middle East & Africa
    • Saudi Arabia
    • UAE
• List of Key Players in Ammunition Market
  • Northrop Grumman Corporation
  • FN Herstal
  • Olin Corporation
  • General Dynamics Corporation
  • BAE Systems, Inc.
  • Rheinmetall Defense
  • Nexter KNDS Group
  • Hanwha Corporation
  • ST Engineering
  • Remington Arms Company LLC
  • Vista Outdoor Operations LLC