GVR Report cover Ammunition Market Size, Share & Trends Report

Ammunition Market Size, Share & Trends Analysis Report By Caliber (Small, Rockets & Missiles), By Small Ammunition Product (Rimfire, Centerfire), By End-use (Civil & Commercial, Defense), By Region, And Segment Forecasts, 2024 - 2030

  • Report ID: GVR-1-68038-183-2
  • Number of Pages: 140
  • Format: Electronic (PDF)

Ammunition Market Size & Trends

The global ammunition market size was estimated at USD 68.57 billion in 2023 and is projected to decline at a compound annual growth rate (CAGR) of -11.3% from 2024 to 2030. A rise in the number of terrorist activities and hostilities across the globe is likely to increase procurement of defense equipment by prominent militaries across the globe, thereby, directly benefiting the market over the forecast period. Rising trends for sports and shooting that utilize rifles and pistols are expected to increase penetration of small-caliber ammunition over the forecast period. Technological advancements have introduced lightweight bullets made from polymer-based cases, thus supporting the overall industry.

U.S. ammunition market size and growth rate, 2024 - 2030

High investments by the U.S. government for enhancements in military and armed forces are expected to support market growth in the country. Procurement of small caliber ammunition by civilians and the Department of Homeland Security (DHS) is expected to bolster the overall market growth. Enhancement of sales channels such as online sales in the country is likely to supplement overall growth.

A rise in the adoption of advanced materials to produce lightweight ammunition is expected to lead to fuel-efficient transportation, which in turn, reduces overall transportation costs. The above-mentioned trend is anticipated to enable transportation of more rounds within the same weight limits, thereby positively impacting the market. Furthermore, the use of advanced materials and new technologies for the production is anticipated to fluctuate the ammunition price forecast over the period

Commercially these ammunition products are not widely available considering restrictions on weapons in major economies. However, defense organizations in major territories have agreed on the procurement of these products to enhance security capabilities. Enhancements in the military by major economies like China, India, France, and Russia are expected to support market growth in the estimated time.

The ammunition industry globally is characterized by collaborations and acquisitions between major players and the government for the long term. Several governments globally, especially India are aiming to enhance their defense forces by procuring and developing indigenous production facilities from foreign players.

Market Concentration & Characteristics

Market growth stage is declining, and pace of the market growth is decelerating. The market has presence of large number of players who have developed a huge customer base through high-quality packaging for brand recognition as well as the development of a broader brand portfolio. Thus, the market share is distributed amongst many players making the market fragmented. Additionally, the players also face competition from offerings of state-owned defense manufacturers.

Ammunition Market Concentration & Characteristics

Global ammunition manufacturers are involved in mergers & acquisitions, joint ventures, and agreements to establish wide distribution channels and increase their product portfolios. Furthermore, presence of many regulatory bodies implementing guidelines for the production and usage of ammunition is expected to impact the manufacturers of ammunition.

Bullets are other types of ammunition used for firearms and other weapons does not have any direct replacement. However, the market may face an internal substitution in terms of raw materials. Players in the market have developed polymer-based ammunition, an alternative to conventional brass cases, which is lighter and have higher range. In addition, market participants are focusing on developing lead-free ammunition.

The end-users in ammunition market include individual person, police forces, military, and government. The buyers can easily switch between the suppliers as manufacturing processes and raw materials are less differentiated due to standardization in the market.

Caliber Insights

The small caliber ammunition segment held about 28.12% share of the global revenue in 2023. This trend is attributed to a wide array of small caliber ammunition applications including shotgun pistols, assault rifles, rifles, and revolvers. In addition, increasing demand from security forces to tackle rising instances of armed conflicts is further expected to fuel the growth of small caliber ammunition market over the period.

Increasing procurement of medium caliber ammunition by the U.S. Army and its alliances are expected to fuel the market growth for overall ammunition in the estimated time. They include high-performance 20mm, 25mm, 30mm, and 40mm cartridges for a broad range of applications including land, sea, and air with the capability to penetrate light armor, material, and personnel targets. Increasing application of guns and rifles by prominent militaries globally is anticipated to increase the demand for medium-caliber ammunition.

Large caliber ammunition dominated the market with a revenue share of 51.13% in 2023. Large caliber can be classified into spin-stabilized, fin-stabilized, and rocket-assisted. Rocket assisted is a combination of spin-stabilized and fin-stabilized. A majority of guns use the spin-stabilized large-caliber cartridge as it promotes flight stability using spinning, whereas fin-stabilized projectiles obtain stability through fins located at the end of the projection period.

Small Ammunition Product Insights

The centerfire small ammunition products segment led the market in 2023 with a revenue share of 71.12%. Centerfire ammunition is usually used for rifles, shotguns, and handguns. In centerfire ammunition, primer is placed in the center of casing base. This type of ammunition is reloadable and hence is the most commonly used type of cartridge.

Centerfire ammunition is employed as a universal standard in the military, police, and security forces owing to its potential to allow high pressure and an ability to reuse the casings. These cartridges are preferred for military operations owing to their thicker metal casing that can withstand rough handling without high damage.

The rimfire small ammunition product segment is anticipated to register a CAGR of -3.6% over the forecast period. Rimfire bullets are preferred by beginners as they offer limited recoil when they are being used. Besides, they are cheaper as their thin casting with a flattened primer is easy to manufacture.

Although rimfire ammunition is a comparatively cheaper alternative, it is limited to small calibers. This can be attributed to the fact that the nature of the bullet casing requires it to be thin enough to crush and ignite the primer, which is difficult to accomplish in medium and large calibers. This type of ammunition is commonly used for .22LR.

End-Use Insights

The defense end-use segment led the market, accounting for about 88.08% of the global market revenue in 2023. In addition, this segment is expected to maintain its dominance over the forecast period. Increasing cross-border conflicts have fueled the growth of the bullet market globally. Rising geopolitical tension and terrorist activities are expected to increase the penetration of products.

Global ammunition market share and size, 2023

Full metal jacket bullets are used in military handguns on a large scale, whereas the Air Force tends to use hollow-point bullets for greater accuracy. Hollow-point bullets are popular for use among law enforcement and military personnel due to their rapid expansion property and excellent stopping power.

The semi-jacketed hollow-point bullets, known for their controlled penetration and high stopping power, can create a larger-than-average wound cavity and ensure effective results in a single shot. This bullet thus is typically used for self-defense, pistol target shooting, and backyard shooting. This rise in procurement of enhanced products is likely to offer growth opportunities.

With advancements in technology, a bullet capable of turning, changing its speed, and sending data is being developed by countries including Russia and the U.S. It allows soldiers to stay in a protective cover and shoot around corners. Technological developments by market players are expected to aid market growth.

Regional Insights

North America was the second-largest market in 2023 with a revenue share of about 13.03%. The growing threat from terrorism coupled with lenient gun laws is expected to promote the consumption of bullets. Furthermore, a surge in sports & hunting activities is expected to be a crucial factor for expansion.

Ammunition Market Trends, by Region, 2024 - 2030

The North America bullets market is expected to witness significant growth, owing to high demand from the U.S. The defense budget in North America has increased, which is heavily influencing the bullets market in the region. Long-term competitive strategy of the U.S. Department of Defense for the development of technologies and new concepts of warfare is expected to aid the market growth.

Europe held a dominant revenue share of 71.33% in 2023. In Europe, directives are provided by the government for the possession of firearms, the supply of firearms in a single market, and a protocol against manufacturing and trafficking of firearms. Also, the European defense system has faced challenges in dealing with refugees from the Middle East and Syria. Europe has also faced the threat of terrorism. Owing to these factors, the market for ammunition in Europe is expected to strengthen over the forecast period.

Rising geopolitical disputes and the increasing threat of terrorist attacks are the primary reasons for the growth of defense industries in the Asia Pacific. Countries like China and India are spending on the modernization of their armed forces to battle against violence. These countries procure ammunition for armed forces and law enforcement agencies to minimize the rising crime rate. These factors are expected to drive the demand over the forecast period.

Key Companies & Market Share Insights

Key players generate the majority of their revenues through military and government channels. Their primary customers include the U.S. Department of Defense and The Intelligence Community. They also deliver products to U.S. government customers including the Department of Homeland Security (DHS).

These players are also involved in teaming and sub-contracting relationships with their competitors. Competition for major defense programs often requires teams to collaborate on their broad capabilities to cater to customer requirements. Opportunities associated with these programs include roles as the provider of sub-system or component and programs integrator.

  • In February 2023, Remington Arms Company LLC launched their new product line. The company announced the updates in their existing product line of handgun, shotshell, rimfire and rifle.

  • In January 2023, The brands of Vista Outdoor Inc., CCI and Speer Ammunition launched two new products under their ammunition line. The new products include CCI’s Clean-22 Hyper Velocity and Speer’s Gold Dot Carbine ammunition, and they will be displayed on the 2023 SHOT Show taking place in Nevada.

Key Ammunition Companies:

  • 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

Ammunition Market Report Scope

Report Attribute

Details

Market size value in 2024

USD 75.27 billion

Revenue forecast in 2030

USD 36.75 billion

Growth Rate

CAGR of -11.3% from 2024 to 2030

Historical data

2018 - 2023

Forecast period

2024 - 2030

Quantitative units

Revenue in USD billion and CAGR from 2024 to 2030

Report coverage

Revenue forecast, company ranking, competitive landscape, growth factors, and trends

Segments covered

Caliber, small ammunition product, end-use, region

Regional scope

North America; Europe; Asia Pacific; Central & South America; Middle East & Africa

Country scope

U.S.; Canada; Mexico; Germany; U.K.; France; Turkey; Spain; Russia; Czech Republic; Poland; China; India; Japan; South Korea; Australia; Singapore; Brazil; Argentina; Saudi Arabia; UAE

Key companies profiled

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

Customization scope

Free report customization (equivalent up to 8 analysts working days) with purchase. Addition or alteration to country, regional & segment scope.

Pricing and purchase options

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Global Ammunition Market Report Segmentation

This report forecasts revenue growth at global, regional & country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2018 to 2030. For this study, Grand View Research has segmented the global ammunition market report based on caliber, end-use, and region:

Global Ammunition Market Report Segmentation

  • Caliber Outlook (Revenue, USD Billion, 2018 - 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 & Other

      • Tank Ammunition

      • Artillery Ammunition

  • Small Ammunition Product Outlook (Revenue, USD Billion, 2018 - 2030)

    • Rimfire

    • Centerfire

  • End-use Outlook (Revenue, USD Billion, 2018 - 2030)

    • Civil & Commercial

      • Sports

      • Hunting

      • Self Defense

    • Defense

      • Military

      • Law Enforcement

  • Regional Outlook (Revenue, USD Billion, 2018 - 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

Frequently Asked Questions About This Report

Table of Contents

Chapter 1 Ammunition Market: Methodology and Scope
                   1.1 Market Segmentation & Scope
                   1.2 Assumptions
                   1.3 Information Procurement
                       1.3.1 Purchased Database
                       1.3.2 GVR’s Internal Database
                       1.3.3 Secondary Sources
                       1.3.4 Third-Party Perspective
                       1.3.5 Primary Research
                   1.4 Information Analysis
                       1.4.1 Data Analysis Models
                   1.5 Market Formulation and Data Visualization
                   1.6 Data Validation and Publishing
Chapter 2 Ammunition Market: Executive Summary
                   2.1 Market Snapshot
Chapter 3 Ammunition Market: Variables, Trends & Scope
                   3.1 Market Lineage/Ancillary Outlook
                   3.2 Ammunition Market- Value Chain Analysis
                       3.2.1 Outsourcing & Contract Manufacturing Trends
                       3.2.2 Sales Channel Analysis
                       3.2.3 List of End-Users
                       3.2.4 Vendor Selection Criteria Analysis
                   3.3 Technology Overview
                   3.4 Regulatory Framework
                       3.4.1 Regulations on Lead Ammunition
                   3.5 Ammunition - Market Dynamics
                       3.5.1 Market Driver Analysis
                           3.5.1.1 Rising Global military expenditure
                           3.5.1.2 Rising Terrorism and Political Violence
                       3.5.2 Market Restraint analysis
                           3.5.2.1 Rising Arms Trafficking
                       3.5.3 Industry Challenges
                           3.5.3.1 Challenge of Arms & Ammunition Market Proliferation
                       3.5.4 Growth Opportunity Assessment
                           3.5.4.1 Rise of stockpiling trends
                   3.6 Ammunition Market - Business Environment Analysis Tools
                       3.6.1 Industry Analysis: Porter’s
                       3.6.2 PESTEL Analysis, SWOT
                   3.7 Major Deals & Strategic Alliances Analysis
                   3.8 Case Studies
                   3.9 Capacity Expansion Plans and Their Impact on the Industry
                       3.9.1 Production Capacity Increases and Shutdowns
                   3.10 Market Disruption Analysis
Chapter 4 Ammunition Market: Caliber Estimates & Trend Analysis
                   4.1 Key Takeaways
                   4.2 Caliber Market Share Analysis, 2023 & 2030
                   4.3 Small Caliber
                       4.3.1 Small caliber ammunition market estimates and forecasts, 2018 - 2030 (USD Million)
                   4.4 Medium Caliber
                       4.4.1 Medium caliber ammunition market estimates and forecasts, 2018 - 2030 (USD Million)
                   4.5 Large Caliber
                       4.5.1 Large caliber ammunition market estimates and forecasts, 2018 - 2030 (USD Million)
                   4.6 Rockets & Missiles, and Others
                       4.6.1 Rockets & Missiles, and others ammunition market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 5 Small Ammunition Market: Product Estimates & Trend Analysis
                   5.1 Key Takeaways
                   5.2 Product Market Share Analysis, 2023 & 2030
                   5.3 Rimfire
                       5.3.1 Rimfire small ammunition market estimates and forecasts, 2018 - 2030 (USD Million)
                   5.4 Centerfire
                       5.4.1 Centerfire small ammunition market estimates and forecasts, 2018 - 2030 (USD Million)
Chapter 6 Ammunition Market: End-use Estimates & Trend Analysis
                   6.1 Key Takeaways
                   6.2 End-use Market Share Analysis, 2023 & 2030
                   6.3 Civil & Commercial (Sporting, Hunting, Self-Defense, and Others)
                       6.3.1 Ammunition market estimates and forecasts, in civil & commercial end-use, 2018 - 2030 (USD Million)
                   6.4 Defense (Military, Law Enforcement)
                       6.4.1 Ammunition market estimates and forecasts, in defense end-use, 2018 - 2030 (USD Million)
Chapter 7. Ammunition Market: Regional Estimates & Trend Analysis
                   7.1. Key Takeaways
                   7.2. Regional Market Share Analysis, 2023 & 2030
                   7.3. North America
                       7.3.1. North America Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.3.2. U.S.
                           7.3.2.1. U.S. Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.3.3. Canada
                           7.3.3.1. Canada Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.3.4. Mexico
                           7.3.4.1. Mexico Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                   7.4. Europe
                       7.4.1. Europe Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.4.2. Germany
                           7.4.2.1. Germany Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.4.3. U.K.
                           7.4.3.1. U.K. Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.4.4. France
                           7.4.4.1. France Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.4.5. Spain
                           7.4.5.1. Spain Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.4.6. Russia
                           7.4.6.1. Russia Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.4.7. Turkey
                           7.4.7.1. Turkey Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.4.8. Czech Republic
                           7.4.8.1. Czech Republic Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.4.9. Poland
                           7.4.9.1. Poland Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                   7.5. Asia Pacific
                       7.5.1. Asia Pacific Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.5.2. China
                           7.5.2.1. China Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.5.3. India
                           7.5.3.1. India Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.5.4. Japan
                           7.5.4.1. Japan Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.5.5. South Korea
                           7.5.5.1. South Korea Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.5.6. Australia
                           7.5.6.1. Australia Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.5.7. Singapore
                           7.5.7.1. Singapore Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                   7.6. Central & South America
                       7.6.1. Central & South America Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.6.2. Brazil
                           7.6.2.1. Brazil Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.6.3. Argentina
                           7.6.3.1. Argentina Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                   7.7. Middle East & Africa
                       7.7.1. Middle East & Africa Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.7.2. Saudi Arabia
                           7.7.2.1. Saudi Arabia Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
                       7.7.3. United Arab Emirates
                           7.7.3.1. United Arab Emirates Ammunition Market Estimates and Forecasts, 2018 - 2030 (USD Million)
Chapter 8 Ammunition Market - Competitive Analysis
                   8.1 Key Global Players & Recent Developments & Their Impact on the Industry
                       8.1.1 General Dynamics Corporation
                           8.1.1.1 Initiative: Advanced Material Engineering Collaboration
                           8.1.1.2 Impact
                       8.1.2 BAE Systems
                           8.1.2.1 Initiative: Facility Upgradation
                           8.1.2.2 Impact
                           8.1.2.3 Initiative: New product launch
                           8.1.2.4 Impact
                           8.1.2.5 Initiative: Capacity Expansion
                           8.1.2.6 Impact
                       8.1.3 Remington Arms Company
                           8.1.3.1 Initiative: Bankruptcy Filed
                           8.1.3.2 Impact
                       8.1.4 JagemanN Stamping Company
                           8.1.4.1 Initiative: Acquisition of Jagemann Sporting Group
                           8.1.4.2 Impact
                       8.1.5 Ammo Inc.
                           8.1.5.1 Initiative: acquisition of SW Kenetics, Inc.
                           8.1.5.2 Impact
                       8.1.6 Sierra Bullets
                           8.1.6.1 Initiative: Acquired by Clarus Corporation
                           8.1.6.2 Impact
                   8.2 Competition Categorization
                   8.3 Vendor Landscape
                   8.4 Company Market Position Analysis
                   8.5 Private Companies
                   8.6 Strategy Mapping
                   8.7 Company Listing
                       8.7.1 Northrop Grumman Corporation
                           8.7.1.1 Company Overview
                           8.7.1.2 Financial Performance
                           8.7.1.3 Product Benchmarking
                           8.7.1.4 Strategic initiatives
                       8.7.2 FN Herstal
                           8.7.2.1 Company Overview
                           8.7.2.2 Product Benchmarking
                           8.7.2.3 Strategic Initiatives
                       8.7.3 Olin Corporation
                           8.7.3.1 Company Overview
                           8.7.3.2 Product Benchmarking
                       8.7.4 General Dynamics Corporation
                           8.7.4.1 Company Overview
                           8.7.4.2 Financial Performance
                           8.7.4.3 Product Benchmarking
                           8.7.4.4 Strategic Initiatives
                       8.7.5 BAE Systems, Inc.
                           8.7.5.1 Company Overview
                           8.7.5.2 Financial Performance
                           8.7.5.3 Product Benchmarking
                           8.7.5.4 Strategic Initiatives
                       8.7.6 Rheinmetall Defense
                           8.7.6.1 Company Overview
                           8.7.6.2 Financial Performance
                           8.7.6.3 Product Benchmarking
                           8.7.6.4 Strategic initiatives
                       8.7.7 Nexter KNDS Group
                           8.7.7.1 Company Overview
                           8.7.7.2 Product Benchmarking
                       8.7.8 Hanwha Corporation
                           8.7.8.1 Company Overview
                           8.7.8.2 Product Benchmarking
                       8.7.9 ST Engineering
                           8.7.9.1 Company Overview
                           8.7.9.2 Financial Performance
                           8.7.9.3 Product Benchmarking
                       8.7.10 Remington Arms Company LLC
                           8.7.10.1 Company Overview
                           8.7.10.2 Product Benchmarking
                           8.7.10.3 Strategic Initiatives
                       8.7.11 Vista Outdoor Operations LLC
                           8.7.11.1 Company Overview
                           8.7.11.2 Financial Performance
                           8.7.11.3 Product Benchmarking
                           8.7.11.4 Strategic Initiatives
                       8.7.12 Chemring Group Plc
                           8.7.12.1 Company Overview
                           8.7.12.2 Financial Performance
                           8.7.12.3 Product Benchmarking
                           8.7.12.4 Strategic Initiatives
                       8.7.13 MAXAMCorp Holding, S.L.
                           8.7.13.1 Company Overview
                           8.7.13.2 Product Benchmarking
                           8.7.13.3 Strategic Initiatives
                       8.7.14 Denel SOC Ltd
                           8.7.14.1 Company Overview
                           8.7.14.2 Product Benchmarking
                       8.7.15 RUAG Group
                           8.7.15.1 Company Overview
                           8.7.15.2 Financial Performance
                           8.7.15.3 Product Benchmarking
                           8.7.15.4 Strategic Initiatives
                       8.7.16 Poongsan Corporation
                           8.7.16.1 Company Overview
                           8.7.16.2 Financial Performance
                           8.7.16.3 Product Benchmarking
                       8.7.17 Nammo AS
                           8.7.17.1 Company Overview
                           8.7.17.2 Product Benchmarking
                       8.7.18 Nosler, Inc.
                           8.7.18.1 Company Overview
                           8.7.18.2 Product Benchmarking
                           8.7.18.3 Strategic Initiatives
                       8.7.19 CBC Ammo LLC
                           8.7.19.1 Company Overview
                           8.7.19.2 Product Benchmarking
                           8.7.19.3 Strategic Initiatives
                       8.7.20 Sierra Bullets
                           8.7.20.1 Company Overview
                           8.7.20.2 Product Benchmarking
                           8.7.20.3 Strategic Initiatives
                       8.7.21 Starline Brass, Inc.
                           8.7.21.1 Company Overview
                           8.7.21.2 Product Benchmarking
                           8.7.21.3 Strategic Initiatives
                       8.7.22 Hornady Manufacturing Company, Inc.
                           8.7.22.1 Company Overview
                           8.7.22.2 Product Benchmarking
                           8.7.22.3 Strategic Initiatives
                       8.7.23 Winchester Ammunition, Inc.
                           8.7.23.1 Company Overview
                           8.7.23.2 Product Benchmarking
                           8.7.23.3 Strategic Initiatives
                       8.7.24 Jageman Stamping Co.
                           8.7.24.1 Company Overview
                           8.7.24.2 Product Benchmarking
                           8.7.24.3 Strategic Initiatives
                       8.7.25 Ammo, Inc.
                           8.7.25.1 Company Overview
                           8.7.25.2 Product Benchmarking
                           8.7.25.3 Strategic Initiatives
Chapter 9 Ammunition Market Data Analysis
                   9.1 Inputs Including the Sales of Various Ammunition Products
                   9.2 Use of Ammunition Across Various Applications
                   9.3 Analysis of Market Segments
Chapter 10 Price Trend Analysis
                   10.1 Ammunition Market Price Trend Analysis
                       10.1.1 Ammunition Average Price Trend Analysis, 2018 - 2030 (USD/Round)
Chapter 11 Analyst’s Perspective
                   11.1 Growth of the Ammunition Market
                   11.2 High Potential Markets and Their Expected Growth
                   11.3 Impact of Regulatory Framework
                   11.4 Impact of Increase in Military Spending
                   11.5 Expected Emerging Players
Chapter 12 Recommendations
                   12.1 Ammunition Pricing Analysis
                   12.2 Target Economies
                       12.2.1 Saudi Arabia
                       12.2.2 India
                       12.2.3 South East Asia
                   12.3 Target Product Groups
                       12.3.1 Small Caliber Ammunition
                       12.3.2 Lead-Free Ammunition
                       12.3.3 VSHORAD GROM missiles
                   12.4 Key End-Use to Focus
                       12.4.1 Civil & Commercial
                   12.5 Expansion Possibilities
                   12.6 Possible Market Risks
                       12.6.1 Illicit flow of weapons and ammunition
                       12.6.2 Laws and Regulations
                       12.6.3 International Market
                       12.6.4 Defense Spending
                   12.7 Trade Possibilities


List of Tables

Table 1 Country-wise list of gun ownership laws
Table 2 Global Terrorism Index, 2022
Table 3 Total Terrorism Deaths, 2019 & 2020 & 2021
Table 4 Ammunition Market Estimates & Forecast, By Caliber 2018 - 2030 (USD Billion)
Table 5 Small Ammunition Market Estimates & Forecast, By Product (USD Billion), 2018 - 2030
Table 6 Ammunition Market Estimates & Forecast, By End-use 2018 - 2030 (USD Billion)
Table 7 Small caliber ammunition market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 8 Small caliber ammunition market estimates and forecasts, by 5.56 mm, 2018 - 2030 (USD Billion)
Table 9 Small caliber ammunition market estimates and forecasts, by 7.62 mm, 2018 - 2030 (USD Billion)
Table 10 7.62 mm small caliber ammunition market estimates and forecasts, by 7.62 x 51 mm, 2018 - 2030 (USD Billion)
Table 11 7.62 mm small caliber ammunition market estimates and forecasts, by 7.62 x 39 mm, 2018 - 2030 (USD Billion)
Table 12 7.62 mm small caliber ammunition market estimates and forecasts, by others, 2018 - 2030 (USD Billion)
Table 13 Small caliber ammunition market estimates and forecasts, by 9 mm, 2018 - 2030 (USD Billion)
Table 14 9 mm small caliber ammunition market estimates and forecasts, by 9 x 18 mm, 2018 - 2030 (USD Billion)
Table 15 9 mm small caliber ammunition market estimates and forecasts, by 9 x 19 mm, 2018 - 2030 (USD Billion)
Table 16 9 mm small caliber ammunition market estimates and forecasts, by others, 2018 - 2030 (USD Billion)
Table 17 Small caliber ammunition market estimates and forecasts, by others, 2018 - 2030 (USD Billion)
Table 18 Medium caliber ammunition market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 19 Medium caliber ammunition market estimates and forecasts, by 23 mm, 2018 - 2030 (USD Billion)
Table 20 Medium caliber ammunition market estimates and forecasts, by 30 mm, 2018 - 2030 (USD Billion)
Table 21 Medium caliber ammunition market estimates and forecasts, by others, 2018 - 2030 (USD Billion)
Table 22 Large caliber ammunition market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 23 Large caliber ammunition market estimates and forecasts, 2018 - 2030, by VSHORAD, (USD Billion)
Table 24 Large caliber ammunition market estimates and forecasts, 2018 - 2030, by 122 mm, (USD Billion)
Table 25 Large caliber ammunition market estimates and forecasts, 2018 - 2030, by Others, (USD Billion)
Table 26 Rockets & Missiles, and others caliber ammunition market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 27 Rockets & Missiles, and others caliber ammunition market estimates and forecasts, by tank ammunition, 2018 - 2030 (USD Billion)
Table 28 Rockets & Missiles, and others caliber ammunition market estimates and forecasts, by artillery ammunition, 2018 - 2030 (USD Billion)
Table 29 Rimfire small caliber ammunition market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 30 Centerfire small caliber ammunition market estimates and forecasts, 2018 - 2030 (USD Billion)
Table 31 Ammunition market estimates and forecasts, in civil & commercial, 2018 - 2030 (USD Billion)
Table 32 Civil & commercial ammunition market estimates and forecasts, in sports, 2018 - 2030 (USD Billion)
Table 33 Civil & commercial ammunition market estimates and forecasts, in hunting, 2018 - 2030 (USD Billion)
Table 34 Civil & commercial ammunition market estimates and forecasts, in self-defense, 2018 - 2030 (USD Billion)
Table 35 Ammunition market estimates and forecasts, in defense, 2018 - 2030 (USD Billion)
Table 36 Defense ammunition market estimates and forecasts, in military, 2018 - 2030 (USD Billion)
Table 37 Defense ammunition market estimates and forecasts, in law enforcement, 2018 - 2030 (USD Billion)
Table 38 North America ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 39 North America ammunition market estimates & Forecasts market estimates & Forecasts, by caliber, 2018 - 2030 (USD Billion)
Table 40 North America small ammunition market estimates & Forecasts market estimates & Forecasts, by product, 2018 - 2030 (USD Billion)
Table 41 North America ammunition market estimates & Forecasts market estimates & Forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 42 U.S. ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 43 U.S. ammunition market estimates & Forecasts market estimates & Forecasts, by caliber, 2018 - 2030 (USD Billion)
Table 44 U.S. small ammunition market estimates & Forecasts market estimates & Forecasts, by product, 2018 - 2030 (USD Billion)
Table 45 U.S. ammunition market estimates & Forecasts market estimates & Forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 46 Canada ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 47 Canada ammunition market estimates & Forecasts market estimates & Forecasts, by caliber 2018 - 2030 (USD Billion)
Table 48 Canada small ammunition market estimates & Forecasts market estimates & Forecasts, by product 2018 - 2030 (USD Billion)
Table 49 Canada ammunition market estimates & Forecasts market estimates & Forecasts, by end-use 2018 - 2030 (USD Billion)
Table 50 Mexico ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 51 Mexico ammunition market estimates & Forecasts market estimates & Forecasts, by caliber 2018 - 2030 (USD Billion)
Table 52 Mexico small ammunition market estimates & Forecasts market estimates & Forecasts, by product 2018 - 2030 (USD Billion)
Table 53 Mexico ammunition market estimates & Forecasts market estimates & Forecasts, by end-use 2018 - 2030 (USD Billion)
Table 54 Europe ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 55 Europe ammunition market estimates & Forecasts market estimates & Forecasts, by caliber, 2018 - 2030 (USD Billion)
Table 56 Europe small ammunition market estimates & Forecasts market estimates & Forecasts, by product, 2018 - 2030 (USD Billion)
Table 57 Europe ammunition market estimates & Forecasts market estimates & Forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 58 Poland ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 59 Poland ammunition market estimates & Forecasts market estimates & Forecasts, by caliber 2018 - 2030 (USD Billion)
Table 60 Poland small ammunition market estimates & Forecasts market estimates & Forecasts, by product 2018 - 2030 (USD Billion)
Table 61 Poland ammunition market estimates & Forecasts market estimates & Forecasts, by end-use 2018 - 2030 (USD Billion)
Table 62 Russia ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 63 Russia ammunition market estimates & Forecasts market estimates & Forecasts, by caliber 2018 - 2030 (USD Billion)
Table 64 Russia small ammunition market estimates & Forecasts market estimates & Forecasts, by product 2018 - 2030 (USD Billion)
Table 65 Russia ammunition market estimates & Forecasts market estimates & Forecasts, by end-use 2018 - 2030 (USD Billion)
Table 66 Germany ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 67 Germany ammunition market estimates & Forecasts market estimates & Forecasts, by caliber 2018 - 2030 (USD Billion)
Table 68 Germany small ammunition market estimates & Forecasts market estimates & Forecasts, by product 2018 - 2030 (USD Billion)
Table 69 Germany ammunition market estimates & Forecasts market estimates & Forecasts, by end-use 2018 - 2030 (USD Billion)
Table 70 UK ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 71 UK ammunition market estimates & Forecasts market estimates & Forecasts, by caliber 2018 - 2030 (USD Billion)
Table 72 UK small ammunition market estimates & Forecasts market estimates & Forecasts, by product 2018 - 2030 (USD Billion)
Table 73 UK ammunition market estimates & Forecasts market estimates & Forecasts, by end-use 2018 - 2030 (USD Billion)
Table 74 France ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 75 France ammunition market estimates & Forecasts market estimates & Forecasts, by caliber 2018 - 2030 (USD Billion)
Table 76 France small ammunition market estimates & Forecasts market estimates & Forecasts, by product 2018 - 2030 (USD Billion)
Table 77 France ammunition market estimates & Forecasts market estimates & Forecasts, by end-use 2018 - 2030 (USD Billion)
Table 78 Spain ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 79 Spain ammunition market estimates & Forecasts market estimates & Forecasts, by caliber 2018 - 2030 (USD Billion)
Table 80 Spain small ammunition market estimates & Forecasts market estimates & Forecasts, by product 2018 - 2030 (USD Billion)
Table 81 Spain ammunition market estimates & Forecasts market estimates & Forecasts, by end-use 2018 - 2030 (USD Billion)
Table 82 Czech Republic ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 83 Czech Republic ammunition market estimates & Forecasts market estimates & Forecasts, by caliber 2018 - 2030 (USD Billion)
Table 84 Czech Republic small ammunition market estimates & Forecasts market estimates & Forecasts, by product 2018 - 2030 (USD Billion)
Table 85 Czech Republic ammunition market estimates & Forecasts market estimates & Forecasts, by end-use 2018 - 2030 (USD Billion)
Table 86 Asia Pacific ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 87 Asia Pacific ammunition market estimates & Forecasts market estimates & Forecasts, by caliber, 2018 - 2030 (USD Billion)
Table 88 Asia Pacific small ammunition market estimates & Forecasts market estimates & Forecasts, by product, 2018 - 2030 (USD Billion)
Table 89 Asia Pacific ammunition market estimates & Forecasts market estimates & Forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 90 China ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 91 China ammunition market estimates & Forecasts market estimates & Forecasts, by caliber 2018 - 2030 (USD Billion)
Table 92 China small ammunition market estimates & Forecasts market estimates & Forecasts, by product 2018 - 2030 (USD Billion)
Table 93 China ammunition market estimates & Forecasts market estimates & Forecasts, by end-use 2018 - 2030 (USD Billion)
Table 94 India ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 95 India ammunition market estimates & Forecasts market estimates & Forecasts, by caliber 2018 - 2030 (USD Billion)
Table 96 India small ammunition market estimates & Forecasts market estimates & Forecasts, by product 2018 - 2030 (USD Billion)
Table 97 India ammunition market estimates & Forecasts market estimates & Forecasts, by end-use 2018 - 2030 (USD Billion)
Table 98 Japan ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 99 Japan ammunition market estimates & Forecasts market estimates & Forecasts, by caliber 2018 - 2030 (USD Billion)
Table 100 Japan small ammunition market estimates & Forecasts market estimates & Forecasts, by product 2018 - 2030 (USD Billion)
Table 101 Japan ammunition market estimates & Forecasts market estimates & Forecasts, by end-use 2018 - 2030, (USD Billion
Table 102 South Korea ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 103 South Korea ammunition market estimates & Forecasts market estimates & Forecasts, by caliber 2018 - 2030 (USD Billion)
Table 104 South Korea small ammunition market estimates & Forecasts market estimates & Forecasts, by product 2018 - 2030 (USD Billion)
Table 105 South Korea ammunition market estimates & Forecasts market estimates & Forecasts, by end-use 2018 - 2030 (USD Billion)
Table 106 Singapore ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 107 Singapore ammunition market estimates & Forecasts market estimates & Forecasts, by caliber 2018 - 2030 (USD Billion)
Table 108 Singapore small ammunition market estimates & Forecasts market estimates & Forecasts, by product 2018 - 2030 (USD Billion)
Table 109 Singapore ammunition market estimates & Forecasts market estimates & Forecasts, by end-use 2018 - 2030 (USD Billion)
Table 110 Australia ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 111 Australia ammunition market estimates & Forecasts market estimates & Forecasts, by caliber 2018 - 2030 (USD Billion)
Table 112 Australia small ammunition market estimates & Forecasts market estimates & Forecasts, by product 2018 - 2030 (USD Billion)
Table 113 Australia ammunition market estimates & Forecasts market estimates & Forecasts, by end-use 2018 - 2030 (USD Billion)
Table 114 Central & South America ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 115 Central & South America ammunition market estimates & Forecasts market estimates & Forecasts, by caliber, 2018 - 2030 (USD Billion)
Table 116 Central & South America small ammunition market estimates & Forecasts market estimates & Forecasts, by product, 2018 - 2030 (USD Billion)
Table 117 Central & South America ammunition market estimates & Forecasts market estimates & Forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 118 Brazil ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 119 Brazil ammunition market estimates & Forecasts market estimates & Forecasts, by caliber 2018 - 2030 (USD Billion)
Table 120 Brazil small ammunition market estimates & Forecasts market estimates & Forecasts, by product 2018 - 2030 (USD Billion)
Table 121 Brazil ammunition market estimates & Forecasts market estimates & Forecasts, by end-use 2018 - 2030 (USD Billion)
Table 122 Argentina ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 123 Argentina ammunition market estimates & Forecasts market estimates & Forecasts, by caliber 2018 - 2030 (USD Billion)
Table 124 Argentina small ammunition market estimates & Forecasts market estimates & Forecasts, by product 2018 - 2030 (USD Billion)
Table 125 Argentina ammunition market estimates & Forecasts market estimates & Forecasts, by end-use 2018 - 2030 (USD Billion)
Table 126 Middle East & Africa ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 127 Middle East & Africa ammunition market estimates & Forecasts market estimates & Forecasts, by caliber, 2018 - 2030 (USD Billion)
Table 128 Middle East & Africa small ammunition market estimates & Forecasts market estimates & Forecasts, by product, 2018 - 2030 (USD Billion)
Table 129 Middle East & Africa ammunition market estimates & Forecasts market estimates & Forecasts, by end-use, 2018 - 2030 (USD Billion)
Table 130 Saudi Arabia ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 131 Saudi Arabia ammunition market estimates & Forecasts market estimates & Forecasts, by caliber 2018 - 2030 (USD Billion)
Table 132 Saudi Arabia small ammunition market estimates & Forecasts market estimates & Forecasts, by product 2018 - 2030 (USD Billion)
Table 133 Saudi Arabia ammunition market estimates & Forecasts market estimates & Forecasts, by end-use 2018 - 2030 (USD Billion)
Table 134 UAE ammunition market estimates & Forecasts market estimates & Forecasts, 2018 - 2030 (USD Billion)
Table 135 UAE ammunition market estimates & Forecasts market estimates & Forecasts, by caliber 2018 - 2030 (USD Billion)
Table 136 UAE small ammunition market estimates & Forecasts market estimates & Forecasts, by product 2018 - 2030 (USD Billion)
Table 137 UAE ammunition market estimates & Forecasts market estimates & Forecasts, by end-use 2018 - 2030 (USD Billion)
Table 138 Recent Developments & Impact Analysis, By Key Market Participants
Table 139 Ammunition price trend analysis, 2018 - 2030 (USD/Round)
Table 140 Ammunition price trend analysis, 2018 - 2030 (USD/Case)


List of Figures

Fig. 1 Ammunition Market Segmentation
Fig. 2 Information Procurement
Fig. 3 Data Analysis Models
Fig. 4 Market Formulation and Validation
Fig. 5 Data Validating & Publishing
Fig. 6 Regional Outlook
Fig. 7 Segmental Outlook
Fig. 8 Competitive Outlook
Fig. 9 Ammunition market -Value chain analysis
Fig. 10 Heat map analysis - Regulations on lead ammunition, by countries
Fig. 11 Ammunition -Market dynamics
Fig. 12 Market driver impact analysis
Fig. 13 Expected Military Spending by Country, 2023 (USD Billion)
Fig. 14 Market restraint impact analysis
Fig. 15 Lowest Expected Military Spending by Country, 2023 (USD Billion)
Fig. 16 Industry Analysis: Porter’s
Fig. 17 PESTEL analysis, by SWOT
Fig. 18 Ammunition Market, by Caliber: Key Takeaways
Fig. 19 Ammunition Market, by Caliber: Market Share, 2023 & 2030
Fig. 20 Small caliber ammunition market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 21 Medium caliber ammunition market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 22 Large caliber ammunition market estimates & forecasts, 2018 - 2030 (USD Billion) 57
Fig. 23 Rockets & missiles ammunition market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 24 Small Ammunition Market, by Product: Key Takeaways
Fig. 25 Small Ammunition Market, by Product: Market Share, 2023 & 2030
Fig. 26 Rimfire ammunition market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 27 Centerfire ammunition market estimates & forecasts, 2018 - 2030 (USD Billion)
Fig. 28 Ammunition Market, by End-use: Key Takeaways
Fig. 29 Ammunition Market, by End-use: Market Share, 2023 & 2030
Fig. 30 Ammunition market estimates & forecasts, by civil & commercial, 2018 - 2030 (USD Billion)
Fig. 31 Ammunition market estimates & forecasts, by defense, 2018 - 2030 (USD Billion)
Fig. 32 Ammunition market revenue, by region, 2023 & 2030 (USD Billion)
Fig. 33 Regional marketplace: Key takeaways
Fig. 34 Regional marketplace: Key takeaways
Fig. 35 North America ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 36 U.S. ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 37 Canada ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 38 Mexico ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 39 Europe ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 40 Poland ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 41 Russia ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 42 Germany ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 43 UK ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 44 France ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 45 Spain ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 46 Czech Republic ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 47 Asia Pacific ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 48 China ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 49 India ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 50 Japan ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 51 South Korea ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 52 Singapore ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 53 Australia ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 54 Central & South America ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 55 Brazil ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 56 Argentina ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 57 Middle East & Africa ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 58 Saudi Arabia ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 59 UAE ammunition market estimates & Forecasts, 2018 - 2030 (USD Billion)
Fig. 60 Competitive categorization
Fig. 61 Total sales of small ammunition products, 2018 - 2030 (USD Billion)
Fig. 62 Total sales, by civil & commercial applications, 2018 - 2030 (USD Billion)
Fig. 63 Total sales, defense applications, 2018 - 2030 (USD Billion)
Fig. 64 Total sales, by caliber, 2018 - 2030 (USD Billion)
Fig. 65 Total sales, by small caliber, 2018 - 2030 (USD Billion)
Fig. 66 Total sales, by medium caliber, 2018 - 2030 (USD Billion)
Fig. 67 Small arms and ammunition production index, 2018 - 2022
Fig. 68 Ammunition pricing - Trend analysis, 2018 - 2022
Fig. 69 Saudi Arabia arms trade index 2018 - 2022
Fig. 70 India defense expenditure, 2018 - 2022 (USD Billion)

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Market Segmentation

  • Ammunition Caliber Outlook (Revenue, USD Million, 2018 - 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
      • Others
    • Medium Caliber
      • 23 mm
      • 30 mm
      • Others
    • Large Caliber
      • VSHORAD
      • 122 mm
      • Others
    • Rockets, Missiles and Other
      • Tank Ammunition
      • Artillery Ammunition
  • Small Ammunition Product Outlook (Revenue, USD Million, 2018 - 2030)
    • Rimfire
    • Centerfire
  • Ammunition End-use Outlook (Revenue, USD Million, 2018 - 2030)
    • Civil & Commercial
      • Sports
      • Hunting
      • Self Defense
    • Defense
      • Military
      • Law Enforcement
  • Ammunition Regional Outlook (Revenue, USD Million, 2018 - 2030)
    • North America
      • North America Ammunition Market, By Caliber
        • 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
          • Others
        • Medium Caliber
          • 23 mm
          • 30 mm
          • Others
        • Large Caliber
          • VSHORAD
          • 122 mm
          • Others
        • Rockets, Missiles and Other
          • Tank Ammunition
          • Artillery Ammunition
      • North America Small Ammunition Market, By Product
        • Rimfire
        • Centerfire
      • North America Ammunition Market, By End-Use
        • Civil & Commercial
          • Sports
          • Hunting
          • Self Defense
        • Defense
          • Military
          • Law Enforcement
      • U.S.
        • U.S. Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • U.S. Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • U.S. Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement
      • Canada
        • Canada Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • Canada Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • Canada Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement
          • Aftermarket Sales
      • Mexico
        • Mexico Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • Mexico Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • Mexico Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement
    • Europe
      • Europe Ammunition Market, By Caliber
        • 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
          • Others
        • Medium Caliber
          • 23 mm
          • 30 mm
          • Others
        • Large Caliber
          • VSHORAD
          • 122 mm
          • Others
        • Rockets, Missiles and Other
          • Tank Ammunition
          • Artillery Ammunition
      • Europe Small Ammunition Market, By Product
        • Rimfire
        • Centerfire
      • Europe Ammunition Market, By End-Use
        • Civil & Commercial
          • Sports
          • Hunting
          • Self Defense
        • Defense
          • Military
          • Law Enforcement
      • Germany
        • Germany Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • Germany Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • Germany Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement
      • France
        • France Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • France Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • France Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement
      • U.K.
        • U.K. Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • U.K. Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • U.K. Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement
      • Turkey
        • Turkey Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • Turkey Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • Turkey Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement
      • Spain
        • Spain Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • Spain Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • Spain Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement
      • Russia
        • Russia Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • Russia Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • Russia Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement
      • Czech Republic
        • Czech Republic Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • Czech Republic Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • Czech Republic Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement
      • Poland
        • Poland Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • Poland Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • Poland Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement
    • Asia Pacific
      • Asia Pacific Ammunition Market, By Caliber
        • 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
          • Others
        • Medium Caliber
          • 23 mm
          • 30 mm
          • Others
        • Large Caliber
          • VSHORAD
          • 122 mm
          • Others
        • Rockets, Missiles and Other
          • Tank Ammunition
          • Artillery Ammunition
      • Asia Pacific Small Ammunition Market, By Product
        • Rimfire
        • Centerfire
      • Asia Pacific Ammunition Market, By End-Use
        • Civil & Commercial
          • Sports
          • Hunting
          • Self Defense
        • Defense
          • Military
          • Law Enforcement
      • China
        • China Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • China Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • China Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement
      • Japan
        • Japan Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • Japan Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • Japan Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement
      • India
        • India Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • India Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • India Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement
      • South Korea
        • South Korea Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • South Korea Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • South Korea Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement
      • Australia
        • Australia Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • Australia Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • Australia Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement
      • Singapore
        • Singapore Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • Singapore Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • Singapore Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement
    • Central & South America
      • Central & South America Ammunition Market, By Caliber
        • 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
          • Others
        • Medium Caliber
          • 23 mm
          • 30 mm
          • Others
        • Large Caliber
          • VSHORAD
          • 122 mm
          • Others
        • Rockets, Missiles and Other
          • Tank Ammunition
          • Artillery Ammunition
      • Central & South America Small Ammunition Market, By Product
        • Rimfire
        • Centerfire
      • Central & South America Ammunition Market, By End-Use
        • Civil & Commercial
          • Sports
          • Hunting
          • Self Defense
        • Defense
          • Military
          • Law Enforcement
      • Brazil
        • Brazil Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • Brazil Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • Brazil Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement
      • Argentina
        • Argentina Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • Argentina Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • Argentina Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement
    • Middle East & Africa
      • Middle East & Africa Ammunition Market, By Caliber
        • 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
          • Others
        • Medium Caliber
          • 23 mm
          • 30 mm
          • Others
        • Large Caliber
          • VSHORAD
          • 122 mm
          • Others
        • Rockets, Missiles and Other
          • Tank Ammunition
          • Artillery Ammunition
      • Middle East & Africa Small Ammunition Market, By Product
        • Rimfire
        • Centerfire
      • Middle East & Africa Ammunition Market, By End-Use
        • Civil & Commercial
          • Sports
          • Hunting
          • Self Defense
        • Defense
          • Military
          • Law Enforcement
      • Saudi Arabia
        • Saudi Arabia Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • Saudi Arabia Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • Saudi Arabia Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement
      • UAE
        • UAE Ammunition Market, By Caliber
          • 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
            • Others
          • Medium Caliber
            • 23 mm
            • 30 mm
            • Others
          • Large Caliber
            • VSHORAD
            • 122 mm
            • Others
          • Rockets, Missiles and Other
            • Tank Ammunition
            • Artillery Ammunition
        • UAE Small Ammunition Market, By Product
          • Rimfire
          • Centerfire
        • UAE Ammunition Market, By End-Use
          • Civil & Commercial
            • Sports
            • Hunting
            • Self Defense
          • Defense
            • Military
            • Law Enforcement

Ammunition Market Dynamics

Drivers:

Rising Global Military Expenditure

The United States has seen a significant increase in defense spending over the past decade, and the new administration is expected to continue this trend by focusing on strengthening the military. Additionally, NATO countries have initiated plans to increase their defense budgets to counter potential threats from the Middle East and Russia. China, India, and Japan have also significantly increased their defense spending due to persistent security threats and heightened geopolitical pressures. The rising geopolitical tensions in North Korea and the Middle East are also expected to drive the demand for defense equipment over the forecast period. In 2023, NATO announced an increase in ammunition production as the war between Russia and Ukraine is consuming all the reserves.

Rising Terrorism and Political Violence

Terrorism and political violence risks are expected to incline on account of rising geopolitical tensions and the weakening of liberal democratic governance. In addition, the repercussive effects of chronic conflicts are also emerging as one the major factors, intensifying the political violence across the globe. In the recent past, the majority of the terrorist and political violence activities were encountered in North Africa, Sub-Saharan Africa, and the Middle East. The heightened risks of terrorism and political violence worldwide are expected to impact the security and stability of countries across the globe. Thus, the majority of the countries have initiated efforts to expand their military capabilities to counter-terrorism as well as secure their geographical border from rising geopolitical competition. Moreover, some countries are also focusing on strengthening their law enforcement agencies to control internal conflicts within the country. These trends are expected to drive the demand for arms and ammunition over the forecast period, thereby bolstering the market growth.

Restraints:

Unstable Political Conditions and Rising Arms Trafficking

The major factor restraining the ammunition market is the low defense budget in targeted economies. The defense spending in some of the economies such as Bangladesh, Sri Lanka, Philippines, Malaysia, Indonesia, Benin, Algeria, Burkina Faso, Peru, Chile, and others is low as compared with major economies in respective regions. Unstable economic conditions, political disputes, and low industrial output are the factors for low defense budgets in the economies. Many international organizations including the United Nations are increasingly concerned with rising death toll and loss in intrastate and intra-regional conflicts. Several armed and violent events over the last ten years have led to mass casualties across the globe. In all these incidents, the weapons used were expected to be procured through smugglers and traffickers. The bulk of illicit weapons in circulation is expected to fuel conflicts and also drive the civilian casualties. These factors are stimulating the government in various countries to employ stringent regulatory policies pertaining to production, import/export and use of arms and ammunitions. This in turn is expected to restrict the growth of bullet market across the globe over the forecast period

What Does This Report Include?

This section will provide insights into the contents included in this ammunition market report and help gain clarity on the structure of the report to assist readers in navigating smoothly.

Ammunition market qualitative analysis

  • Industry overview

  • Industry trends

  • Market drivers and restraints

  • Market size

  • Growth prospects

  • Porter’s analysis

  • PESTEL analysis

  • Key market opportunities prioritized

  • Competitive landscape

    • Company overview

    • Financial performance

    • Product benchmarking

    • Latest strategic developments

Ammunition market quantitative analysis

  • Market size, estimates, and forecast from 2018 to 2030

  • Market estimates and forecast for product segments up to 2030

  • Regional market size and forecast for product segments up to 2030

  • Market estimates and forecast for application segments up to 2030

  • Regional market size and forecast for application segments up to 2030

  • Company financial performance

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Research Methodology

A three-pronged approach was followed for deducing the ammunition market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for ammunition market to gather the most reliable and current information possible.

  • We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
  • We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
  • We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
  • We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
  • We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of ammunition market data depending on the type of information we’re trying to uncover in our research.

  • Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

  • Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

  • Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

  • Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

  • Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

  • Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

  • This step also entails the finalization of the report scope and data representation pattern.

  • Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Ammunition Market Categorization:

The ammunition market was categorized into four segments, namely caliber (Small Caliber, Medium Caliber, Rockets, Missiles), small ammunition product (Rimfire, Centerfire), end-use (Civil, Commercial), region (North America; Europe; Asia Pacific; Central & South America; Middle East & Africa)

Segment Market Methodology:

The ammunition market was segmented into caliber, small ammunition product, end-use, region. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

  • Demand estimation of each product across countries/regions summed up to from the total market.

  • Variable analysis for demand forecast.

  • Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

  • Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

  • Used extensively for new product forecasting or analyzing penetration levels.

  • Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

  • Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

  • This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The ammunition market was analyzed at a regional level. The globe was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into twenty-one countries, namely, the U.S.; Canada; Mexico; Germany; the UK; France; Turkey; Spain; Russia; Czech Republic; Poland; China; India; Japan; South Korea; Australia; Singapore; Brazil; Argentina; Saudi Arabia; UAE.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Value chain-based sizing & forecasting

Supply Side Estimates

  • Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

  • Segment revenue determination via variable analysis and penetration modeling.

  • Competitive benchmarking to identify market leaders and their collective revenue shares.

  • Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

  • Identifying parent markets and ancillary markets

  • Segment penetration analysis to obtain pertinent

  • revenue/volume

  • Heuristic forecasting with the help of subject matter experts

  • Forecasting via variable analysis

Ammunition Market Report Objectives:

  • Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

  • Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

  • Understanding market estimates and forecasts (with the base year as 2023, historic information from 2018 to 2022, and forecast from 2024 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Ammunition Market Report Assumptions:

  • The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

  • The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

  • We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

  • All market estimates and forecasts have been validated through primary interviews with the key industry participants.

  • Inflation has not been accounted for to estimate and forecast the market.

  • Numbers may not add up due to rounding off.

  • Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

  • Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

  • Latin America includes Central American countries and the South American continent

  • Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

  • Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

  • Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.

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