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Global Ammunition Market – Industry Trends and Forecast to 2029

  • Automotive
  • Upcoming Report
  • Jun 2022
  • Global
  • 350 Pages
  • No of Tables: 220
  • No of Figures: 60

Global Ammunition Market, By Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars), Component (Fuzes and Primers, Propellants, Bases, Projectiles and Warheads, Others), Caliber (Small, Medium, Large, Others), Guidance (Non-Guided, Guided), Lethality (Lethal, Less-Lethal), Application (Defense, Civil and Commercial) - Industry Trends and Forecast to 2029

 

Ammunition Market

Market Analysis and Size

A wide range of ammunition of sizes and types are being utilized across the globe that are specifically designed to work only in specific weapons systems. Presence of internationally recognized standards on certain ammunition types, including .56×45mm NATO enables their use by different users.

Global Ammunition Market was valued at USD 24.40 billion in 2021 and is expected to reach USD 32.88 billion by 2029, registering a CAGR of 3.80% during the forecast period of 2022-2029. Defense accounts for the largest application segment in the respective market owing to the increased cross-border conflicts worldwide. In addition to the market insights such as market value, growth rate, market segments, geographical coverage, market players, and market scenario, the market report curated by the Data Bridge Market Research team also includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and pestle analysis.

Market Definition

Ammunition refers to the projectiles and propelling charges that are utilized in small arms, artillery and other guns. Its size is generally stated in the terms of caliber. The caliber is the diameter of the projectile as measured in millimeters or inches such as projectiles less than 20 mm or .60 inch in diameter are classified as small-arm, whereas larger calibers are known as artillery. One firing of the gun requires a complete round of ammunition comprising of all the components necessary for one firing of the gun.

Report Scope and Market Segmentation

Report Metric

Details

Forecast Period

2022 to 2029

Base Year

2021

Historic Years

2020 (Customizable to 2014 - 2019)

Quantitative Units

Revenue in USD Billion, Volumes in Units, Pricing in USD

Segments Covered

Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars), Component (Fuzes and Primers, Propellants, Bases, Projectiles and Warheads, Others), Caliber (Small, Medium, Large, Others), Guidance (Non-Guided, Guided), Lethality (Lethal, Less-Lethal), Application (Defense, Civil and Commercial)

Countries Covered

U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Market Players Covered

AMMO Inc (US), Arsenal 2000 JSCo (Bulgaria), BAE Systems (UK), CBC Global Ammunition (Brazil), Denel SOC Ltd (South Africa), Chemring Group PLC (UK), Elbit Systems Ltd. (Isreal), FIOCCHI MUNIZIONI SPA (Italy), General Dynamics Corporation (US), Hanwha Group (South Korea), Herstal SA (Belgium), Hornady (US), EXPAL Systems (Spain), Nammo AS (Norway), Nexter group KNDS (France), Norinco Private Limited (India), Northrop Grumman (US), Olin Corporation (US), Poongsan Corporation (South Korea), RUAG Group (Switzerland), REMINGTON OUTDOOR COMPANY (US), Rheinmetall AG (Germany), and Rosoboronexport (Russia), among others

Market Opportunities

  • Increase in a demand for advanced ammunition from emerging economies
  • Reduction in weight of ammunition
  • Increase in the number of terrorist activities and hostilities globally

Ammunition Market Dynamics

This section deals with understanding the market drivers, advantages, opportunities, restraints and challenges. All of this is discussed in detail as below:

Drivers

  • Increase in Terrorist Activities

The increase in the number of terrorist activities and hostilities globally acts as one of the major factors driving the ammunition market. Thus, the rise in the procurement of defense equipment by prominent militaries also has a positive impact on the market.

  • Technological Developments

The technological developments in the ammunition such as lightweight bullets made from polymer-based cases and the rise in the penetration of small-caliber ammunition owning to the growing trend of sports that utilize rifles and pistols accelerate the ammunition market growth. The in military expenditure across countries drives the market further.

  • Use by Civilians and the Homeland Security

The acquirement of small caliber ammunition by civilians and the homeland security department and rise in of sales channels such as online sales further influence the ammunition market. Modernization programs undertaken by military forces assist in the expansion of the market.

Additionally, rapid urbanization, change in lifestyle, surge in investments and increased consumer spending positively impact the ammunition market.

Opportunities

Furthermore, increase in a demand for advanced ammunition from emerging economies extend profitable opportunities to the market players in the forecast period of 2022 to 2029. Also, reduction in weight of ammunition will further expand the market.

Restraints/Challenges

On the other hand, varying regulations affecting procurement of ammunition are expected to obstruct market growth. Also, international measures to control use of ammunition is projected to challenge the ammunition market in the forecast period of 2022-2029.

This the ammunition market report provides details of new recent developments, trade regulations, import-export analysis, production analysis, value chain optimization, market share, impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, strategic market growth analysis, market size, category market growths, application niches and dominance, product approvals, product launches, geographic expansions, technological innovations in the market. To gain more info on the ammunition market contact Data Bridge Market Research for an Analyst Brief, our team will help you take an informed market decision to achieve market growth.

COVID-19 Impact on Ammunition Market

The COVID-19 had a negative impact on the ammunition market owing to the strict lockdowns and social distancing to contain the spread of the virus. The economic uncertainty, partial shutdown of the business and low consumer confidence impacted demand airborne radar systems. The supply chain got hampered during the pandemic along with delay logistics activities. However, the ammunition market is expected to regain its pace during the post pandemic scenario due to the easing on the restrictions.

Recent Developments

  • Lockheed Martin Missile and Fire Control was awarded a USD 160 million modification (P00032) contract (W31P4Q-19-C-0101) in July’2021 for the production of High Mobility Artillery Rocket Systems M142 launchers along with support requirements.
  • Nexter KNDS Group received a contract from the French Army in July’2020 Army for the supply of 70,000 modular artillery loads. This was done for their use on the CAESAR system. The CAESAR system is known to be a 155mm artillery system that is being utilized by the French Army.

Global Ammunition Market Scope and Market Size

The ammunition market is segmented on the basis of product, component, caliber, guidance, lethality and application. The growth amongst these segments will help you analyze meager growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Product

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

Component

  • Fuzes and Primers
  • Propellants
  • Bases
  • Projectiles and Warheads
  • Others

Caliber

  • Small
  • Medium
  • Large
  • Others

Guidance

  • Non-Guided
  • Guided

Lethality

  • Lethal
  • Less-Lethal

Application

  • Defense
  • Civil
  • Commercial

Ammunition Market Regional Analysis/Insights

The ammunition market is analysed and market size insights and trends are provided by country, product, component, caliber, guidance, lethality and application as referred above.

The countries covered in the ammunition market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

North America dominates the ammunition market because of the rise in the threat from terrorism, and presence of lenient gun laws within the region.

Asia-Pacific (APAC) is expected to witness significant growth during the forecast period of 2022 to 2029 because of the increase in the spending for the modernization of their armed forces, and the acquirement of ammunition for the armed forces and law enforcement agencies in the region.

The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impacts the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Ammunition Market

The ammunition market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to ammunition market.

Some of the major players operating in ammunition market are

  • AMMO Inc (US)
  • Arsenal 2000 JSCo (Bulgaria)
  • BAE Systems (UK)
  • CBC Global Ammunition (Brazil)
  • Denel SOC Ltd (South Africa)
  • Chemring Group PLC (UK)
  • Elbit Systems Ltd. (Isreal)
  • FIOCCHI MUNIZIONI SPA (Italy)
  • General Dynamics Corporation (US)
  • Hanwha Group (South Korea)
  • Herstal SA (Belgium)
  • Hornady (US)
  • EXPAL Systems (Spain)
  • Nammo AS (Norway)
  • Nexter group KNDS (France)
  • Norinco Private Limited (India)
  • Northrop Grumman (US)
  • Olin Corporation (US)
  • Poongsan Corporation (South Korea)
  • RUAG Group (Switzerland)
  • REMINGTON OUTDOOR COMPANY (US)
  • Rheinmetall AG (Germany)
  • Rosoboronexport (Russia)

Research Methodology: Global Ammunition Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and estimated using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.

The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Global versus Regional and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.

Customization Available

Data Bridge Market Research is a leader in advanced formative research. We take pride in servicing our existing and new customers with data and analysis that match and suits their goal. The report can be customized to include price trend analysis of target brands understanding the market for additional countries (ask for the list of countries), clinical trial results data, literature review, refurbished market and product base analysis. Market analysis of target competitors can be analyzed from technology-based analysis to market portfolio strategies. We can add as many competitors that you require data about in the format and data style you are looking for. Our team of analysts can also provide you data in crude raw excel files pivot tables (Factbook) or can assist you in creating presentations from the data sets available in the report.


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Frequently Asked Questions

The Global Ammunition Market is expected USD 32.88 billion by 2029.
The Ammunition Market is to grow at a CAGR of 3.80% during the forecast by 2029.
The major players operating in the Ammunition Market are AMMO Inc (US), Arsenal 2000 JSCo (Bulgaria), BAE Systems (UK), CBC Global Ammunition (Brazil), Denel SOC Ltd (South Africa), Chemring Group PLC (UK), Elbit Systems Ltd. (Isreal), FIOCCHI MUNIZIONI SPA (Italy), General Dynamics Corporation (US), Hanwha Group (South Korea), Herstal SA (Belgium), Hornady (US), EXPAL Systems (Spain), Nammo AS (Norway), Nexter group KNDS (France), Norinco Private Limited (India), Northrop Grumman (US), Olin Corporation (US), Poongsan Corporation (South Korea), RUAG Group (Switzerland), REMINGTON OUTDOOR COMPANY (US), Rheinmetall AG (Germany), and Rosoboronexport (Russia), among others.
The major countries covered in the Ammunition Market are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.