The global Ammunition market size is expected to be worth around US$ 28.40 billion by 2030, according to a new report by Vision Research Reports.
The global Ammunition market size was valued at US$ 21.38 billion in 2020 and is anticipated to grow at a CAGR of 3.10% during forecast period 2021 to 2030.
Increasing investments in defense equipment by militaries on account of the rise in geopolitical tension across the globe are anticipated to drive the product demand. Increasing procurement of artillery and mortar platforms by the Indian Army through several development platforms are expected to raise the number of ammunition over the forecast period. Also, the rise in hostilities is expected to boost the product demand in the Middle Eastern countries during the projected period.
Technological innovations for the replacement of brass-based bullet cases with polymer-based bullet cases are expected to offer growth prospects to the market. Application of polymer materials in bullets reduces the ammunition weight by over 40%, wherein the impact of the same is unaffected, thereby making it lighter and accurate as compared to conventional bullets. Rising geopolitical issues, warlike situations, and increasing terrorist activities across the globe are leading to the rise in product stockpiling by the prominent militaries and armed forces. This strategy is likely to offer cost savings as the products are purchased in high volume at cheap prices, which, in turn, also supports market growth.
The small caliber ammunition segment accounted for the largest market share of over 50% in 2020 owing to a wide array of applications in shotgun pistols, assault rifles, rifles, and revolvers. Also, the segment is likely to witness the fastest CAGR from 2021 to 2028 on account of increasing demand for these products from security forces to tackle the rising number of instances of armed conflicts.
Increasing procurement of medium caliber products by the U.S. Army and its alliances is expected to boost the segment growth in the coming years. Medium caliber ammunition includes 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 target. Increasing use of guns and rifles by the prominent militaries across the globe is anticipated to augment the demand for medium caliber products.
The large-caliber segment is further classified into spin-stabilized, fin-stabilized, and rocket-assisted, which is a combination of spin-stabilized and fin-stabilized. A majority of the guns use the spin-stabilized large-caliber cartridge as it promotes flight stability using spinning, whereas fin-stabilized projectiles obtain stability through the fins located at the end of the projectile.
The centerfire product segment dominated the global market accounting for a revenue share of over 66% in 2020. These products are usually used for rifles, shotguns, and handguns. In centerfire ammunition, the primer is placed in the center of the casing base. This type of ammunition is reloadable and hence is the most common type of cartridge used.
Centerfire ammunition is used as a universal standard in military, police, and security forces owing to its potential to allow high pressure and the 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 segment is expected to register a steady CAGR of 3.5% over the estimated period owing to the increasing product demand. Rimfire bullets are preferred by beginners as they offer limited recoil when they are being used. Moreover, they are cheaper as their thin casing with a flattened primer is easy to manufacture; however, they are limited to small calibers. This can be attributed to the fact that the nature of the bullet casing is required 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 .22LRs.
The defense application segment led the market in 2020 and accounted for a revenue share of 76.2%. The segment is likely to retain its dominant position throughout the forecast period. Increasing cross-border conflicts have fueled the growth of the bullets market across the globe. Moreover, rising geopolitical tension and terrorist activities are expected to increase product penetration. Full metal jacket bullets are used in military handguns on a large scale, whereas 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. Thus, these bullets are typically used for self-defense, pistol target shooting, and backyard shooting. The rise in procurement of advanced products is likely to offer growth opportunities to the segment. With the advancements in technology, bullets capable of turning, changing their speed, and sending data are being developed by major countries including Russia, U.S., and others. Thus, technological developments are expected to aid the market growth.
North America was the largest regional market in 2020 and accounted for a share of over 33%. The growing terrorist activities coupled with lenient gun laws are expected to promote the consumption of bullets. Furthermore, the surge in sports and hunting activities is expected to be a crucial factor for market growth.
Moreover, high demand from the U.S. is expected to support the regional market growth. The defense budget in North America has increased, which is heavily influencing the bullets market in the region. The 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.
In Europe, the directives are provided by the government for possession of firearms, the supply of firearms in a single market, and a protocol against the manufacturing and trafficking of firearms. The European defense system has faced challenges in dealing with refugees from the Middle East and Syria. Due to these factors, the region has faced a threat of terrorism. This, in turn, is expected to boost the ammunition market in Europe over the forecast period.
General Dynamics Corp.
Remington Arms Company
JagemanN Stamping Company
7.62 x 51 mm
7.62 x 39 mm
9 x 18 mm
9 x 19 mm
Rockets, Missiles and Other
Civil & Commercial
Central & South America
Middle East & Africa
The Ammunition market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.
The report provides size (in terms of volume and value) of Ammunition market for the base year 2020 and the forecast between 2021 and 2030. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.
This report focuses on the global Ammunition market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Ammunition market development in United States, Europe and China.
It is pertinent to consider that in a volatile global economy, we haven’t just conducted Ammunition market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.
In terms of production side, this report researches the Ammunition capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.
In terms of consumption side, this report focuses on the consumption of Ammunition by regions (countries) and application.
Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Ammunition market. These figures have been provided in terms of both revenue and volume for the period 2017 to 2030. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.
With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Ammunition market companies.
Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Ammunition market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.
The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.
Overall, this is an in-depth research report specifically for the Ammunition industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.
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.
Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Ammunition market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.
Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Ammunition market. These factors have benefited the growth of the global market for Ammunition. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.
New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Ammunition. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).
In this study, the years considered to estimate the market size of Ammunition are as follows:
Reasons to Purchase this Report:
- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players
In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.
This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.
Market Size Estimation
Top-down and bottom-up approaches are used to estimate and validate the global market size for company, regional division, product type and application (end users).
The market estimations in this report are based on the selling price (excluding any discounts provided by the manufacturer, distributor, wholesaler or traders). Market share analysis, assigned to each of the segments and regions are achieved through product utilization rate and average selling price.
Major manufacturers & their revenues, percentage splits, market shares, growth rates and breakdowns of the product markets are determined through secondary sources and verified through the primary sources.
All possible factors that influence the markets included in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data. The market size for top-level markets and sub-segments is normalized, and the effect of inflation, economic downturns, and regulatory & policy changes or others factors are accounted for in the market forecast. This data is combined and added with detailed inputs and analysis from Vision Research Reports and presented in this report.
Market Breakdown and Data Triangulation
After complete market engineering with calculations for market statistics; market size estimations; market forecasting; market breakdown; and data triangulation. Extensive primary research was conducted to gather information and verify and validate the critical numbers arrived at. In the complete market engineering process, both top-down and bottom-up approaches were extensively used, along with several data triangulation methods, to perform market estimation and market forecasting for the overall market segments and sub-segments listed in this report.
Secondary Sources occupies approximately 25% of data sources, such as press releases, annual reports, Non-Profit organizations, industry associations, governmental agencies and customs data, and so on. This research study includes secondary sources; directories; databases such as Bloomberg Business, Wind Info, Hoovers, Factiva (Dow Jones & Company), TRADING ECONOMICS, and avention; Investing News Network; statista; Federal Reserve Economic Data; annual reports; investor presentations; and SEC filings of companies.
In the primary research process, various sources from both the supply and demand sides were interviewed to obtain qualitative and quantitative information for this report. The primary sources from the supply side include product manufacturers (and their competitors), opinion leaders, industry experts, research institutions, distributors, dealer and traders, as well as the raw materials suppliers and producers, etc.
The primary sources from the demand side include industry experts such as business leaders, marketing and sales directors, technology and innovation directors, supply chain executive, end users (product buyers), and related key executives from various key companies and organizations operating in the global market.
The study objectives of this report are:
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