Ammunition Market

Ammunition Market is anticipated to grow at a USD 27,847 Million by 2028 and witnessing growth at 3.8% CAGR during 2020-2028.

Ammunition Market Overview

Ammunition is the supply of bullets used for guns. Ammunition is the material fired, dropped, or detonated from any weapon, such as bombs, or rockets and bullets fired from guns to affect a target. Ammunitions comes in different shape and size designed to work in specific weapon systems.

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Major Ammunition Market Drivers

The rising investment by the government for enhancements in defense system are some of the major factors expected to increase the global ammunition market size. For instance, US government has spent 3.7% of its GDP in military expenditure in 2020. Moreover, technological advancements in lightweight bullets made from polymer-based cases are expected to be fuel-efficient transportation, helping in transporting more ammunition with the same weight limits, which may further support the growth of the global ammunition market.

Additionally, ammunition manufacturers are introducing self- steering bullets, which will further create demand in the market. For instance, The Defense Advanced Research Project Agency of the US is working on a .05-caliber bullet having the ability to hit a moving target that will change its flight path in mid-air, which will give more potential or accuracy to the snipers. It can be the key factor for the market growth of the global ammunition market.

Restraint in the Ammunition Market

However, the rules and regulations of every country are different such as imports-exports, technology transfer, and anti-corruption law. The disagreement of these regulations can severely impact market players. According to UNODC, serialization of ammunition is to be done to help law enforcement for solving crime cases. These are some of the restraints which can hamper the market of ammunition market.

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Product- Segment Analysis

Based on product, bullets are expected to witness higher growth in the coming years. The rise in cross-border conflict and terrorist activities are expected to increase production. Full metal jacket bullets are in use in military handguns on a larger scale. For instance, Hornady Manufacturing produces a full metal jacket bullet designed to give superior performance in semi-automatic guns.

Caliber- Segment Analysis

Based on caliber, the small caliber segment is expected to witness higher CAGR during the forecast period. Factors such as increased use of small caliber by military or home guard security have driven open online marketplace for small arms and ammunition. Increased obtainment of small caliber on the online purchase will further contribute to the growth of this segment. For instance, BAE systems produces 5.56mm round small caliber with enhanced penetration range and lethality. It is compatible with 5.56mm NATO weapon with massively increased firepower form weapon.

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Regional- Segment Analysis

Based on region, North America region is projected to dominate at the highest CAGR over the forecast period in ammunition market. Major factors such as a rising instance of terrorism are expected to promote the consumption of bullets for defense purposes. Furthermore, heaving sports and hunting activities are expected to be another factor for market growth. The US military expenditure remained the largest by 39% of global spending in 2020. US government has invested almost USD 778 million for the United States Armed Forces. The presence of leading players, including General Dynamics Corp., BAE Systems, Ammo, inc., will also support market growth in the region.

Top Market Players

Some of the key players operating in the ammunition market includes General Dynamics Corp., BAE Systems, Ammo, inc., Remington Arms Company, Jagemann Stamping Company, Sierra Bullets, ST Engineering, Olin Corporation, Thales Group, CBC Global Ammunition and among others.

Key Developments:

• • In July 2020, Northrop Grumman Corporation signed a contract with the US army to deliver the next-generation airburst cartridge for the Bushmaster Chain Gun. The Bushmaster Chain Gun will be installed on the Stryker Infantry Carrier Vehicle.
  • In 2020, Nexter KNDS received an order of 70,000 modules to be delivered between 2021 and 2022 to the French Army for use on the CAESAR system. This contract is to support and reinforce the production capacity of the French ammunition industry to benefit armed forces.

Segments covered in the Report:

The Ammunition Market has been segmented based on Product, by Caliber, and Region. Based on product, the market is segmented into Bullets, Bombs, Grenades, Artillery Shells and Others. Based on caliber, market is segmented into Small and Medium.

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Market Segmentation

Global Ammunition Market by Product

• • Bullets
  • Grenades
  • Bombs
  • Artillery Shell
  • Others

Global Ammunition Market by Caliber

• • Small
  • Medium

Global Ammunition Market by Region

• • North America Ammunition Market (Option 1: As a part of the free 25% customization)

    • North America Ammunition Market by Product
    • North America Ammunition Market by Caliber
    • US Ammunition Market All-Up
    • Canada Ammunition Market All-Up

  • Europe Ammunition Market (Option 2: As a part of the free 25% customization)

    • Europe Ammunition Market by Product
    • Europe Ammunition Market by Caliber
    • UK Ammunition Market All-Up
    • Germany Ammunition Market All-Up
    • France Ammunition Market All-Up
    • Spain Ammunition Market All-Up
    • Rest of Europe Ammunition Market All-Up

  • Asia-Pacific Ammunition Market (Option 3: As a part of the free 25% customization)

    • Asia-Pacific Ammunition Market by Product
    • Asia-Pacific Ammunition Market by Caliber
    • China Ammunition Market All-Up
    • India Ammunition Market All-Up
    • Japan Ammunition Market All-Up
    • Rest of APAC Ammunition Market All-Up

  • RoW Ammunition Market (Option 4: As a part of the free 25% customization)

    • RoW Ammunition Market by Product
    • RoW Ammunition Market by Caliber
    • Brazil Ammunition Market All-Up
    • South Africa Ammunition Market All-Up
    • Saudi Arabia Ammunition Market All-Up
    • UAE Ammunition Market All-Up
    • Rest of world (remaining countries of the LAMEA region) Ammunition Market All-Up

Major Players Operating in the Ammunition market (Option 5: As a part of the Free 25% Customization – Profiles of 5 Additional Companies of your Choice)

• • General Dynamics Corp.
  • BAE Systems
  • Ammo, inc.
  • Remington Arms Company
  • Jagemann Stamping Company
  • Sierra Bullets
  • ST Engineering
  • Olin Corporation
  • Thales Group
  • CBC Global Ammunition