The global ammunition market is expected to reach USD 33.4 billion by 2030, at a CAGR of 4.2% during the forecast period 2022 to 2030. The ammunition market has been growing owing to the changing nature of warfare and the increasing incidence of drug trafficking over the forecast period.
Ammunition is an object inserted inside a weapon such as bullets, artillery shells, aerial bombs, or mortars to shoot any target. Ammunitions comprise a projectile, a propellant, and a primer. The primer helps in igniting the propellant. Ammunitions are made from various metals such as brass, steel, etc., to increase the intensity. The main aim of ammunition is to project a force against a target selected to have an effect. A firearm cartridge is an example of ammunition with all the essential components required to deliver the weapon's impact in a single package. Ammunition comes in various types and sizes and is often used only in a specific weapon system. However, several international standards specify the use of certain ammunition across different weapons by different users. Particular types of ammunition are designed to have a specialized effect on a target, such as a tracer ammunition and armor-piercing shells, used only in specific situations. Ammunition is both expendable weapons and the parts of other weapons that create the effect on a target. In recent times, the investment by governments of various countries has increased in creating a backup of ammunition in their defense forces because of the growing geopolitical tensions worldwide.
Get an overview of this study by requesting a free sample
The increasing rate of armed local and foreign conflicts has driven various nations to increase their military power by acquiring advanced ammunition and apparatus. Defense forces of emerging economies of the world, including China, India, Saudi Arabia, Russia, and Turkey, are using modernization schemes for development. As a result of this, defense disbursement for ammunition procurement and research and development steps has increased notably in the military along with the modernization programs to enhance and upgrade their inspection terms and improve their firepower benefits in terms of range, precision, mobility, and lethality, with coverage and precision being the central point of ammunition which drives the market’s growth.
The COVID-19 pandemic affected the worldwide economies on a large scale. Several ammunition manufacturing units were put on hold and impacted the assembly lines. The disruptions in the supply chain affected the market growth for ammunition as the manufacturing was set back for the time being. The resumption of ammunition manufacturing units depends entirely on the effect of Covid-19 on that particular country. This is a major restrain for the growth of the ammunition market worldwide.
The growing incidences of geopolitical tensions, cross-border conflicts, and political unrest leads to the strengthening of the armed forces in many countries, including the Middle East and Asian countries. The increased procurement of small, medium, and large-caliber ammunition and the expansion of military forces is an opportunity for the market's growth during the forecast period.
Political, legal, and economic networks differ from country to country, which results in various regulations regarding ammunitions, arms, and other warfare equipment. This affects the primary key reasons involving the prominent players operating in the ammunition market, such as Rheinmetall AG, General Dynamics, and BAEV Systems. Not complying with these regulations and laws could lead to severe results. These strict laws and regulations related to ammunition challenge the market’s growth.
The global ammunition market has been segmented based on product type, caliber, application, and regions.
The regions analyzed for the ammunition market include North America, Europe, South America, Asia Pacific, the Middle East, and Africa. North America emerged as the largest market for the global ammunition market, with a 41.3% share of the market revenue in 2021.
North America Region Ammunition Market Share in 2021 - 41.3%
www.thebrainyinsights.com
Check the geographical analysis of this market by requesting a free sample
The key players are now concentrating on implementing strategies such as adopting new applications, product innovations, mergers & acquisitions, joint ventures, alliances, and partnerships to improve their market position in the global ammunition market industry.
As per The Brainy Insights, the size of the ammunition market was valued at USD 23.1 billion in 2021 to USD 33.4 billion by 2030.
The global ammunition market is growing at a CAGR of 4.2% during the forecast period 2022-2030.
The global ammunition market has been segmented based on product type, caliber, application, and regions. The bullet segment led the market in 2021. The large-caliber segment dominated the market in 2021.
North America emerged as the largest market for ammunition.
The market's growth will be influenced by modernization schemes up by military forces.
Diverse laws affecting the accession of ammunition could hamper the market growth.
An increase in geopolitical tensions will provide huge opportunities to the market.
Key players are Northrop Grumman Corporation, CBC Global Ammunition, Ruag Ammotec, General Dynamics Corporation, Olin Corporation, BAE Systems, Thales Group, Rheinmetal AG, Nexter KNDS group, and Elbit Systems
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
1.4. Currency
1.5. Key Target Audience
2. Research Methodology and Assumptions
3. Executive Summary
4. Premium Insights
4.1. Porter’s Five Forces Analysis
4.2. Value Chain Analysis
4.3. Top Investment Pockets
4.3.1. Market Attractiveness Analysis By Product Type
4.3.2. Market Attractiveness Analysis By Calibre
4.3.3. Market Attractiveness Analysis By Application
4.3.4. Market Attractiveness Analysis By Region
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Modernization schemes up by military forces
5.3. Restraints
5.3.1. Impact of Covid-19
5.4. Opportunities
5.4.1. Increase in geopolitical tensions
5.5. Challenges
5.5.1. Diverse laws affecting the accession of ammunition
6. Global Ammunition Market Analysis and Forecast, By Product Type
6.1. Segment Overview
6.2. Bullets
6.3. Artillery Shells
6.4. Aerial Bombs
6.5. Mortars
7. Global Ammunition Market Analysis and Forecast, By Calibre
7.1. Segment Overview
7.2. Small
7.3. Medium
7.4. Large
8. Global Ammunition Market Analysis and Forecast, By Application
8.1. Segment Overview
8.2. Defense
8.3. Civil & Commercial
9. Global Ammunition Market Analysis and Forecast, By Regional Analysis
9.1. Segment Overview
9.2. North America
9.2.1. U.S.
9.2.2. Canada
9.2.3. Mexico
9.3. Europe
9.3.1. Germany
9.3.2. France
9.3.3. U.K.
9.3.4. Italy
9.3.5. Spain
9.4. Asia-Pacific
9.4.1. Japan
9.4.2. China
9.4.3. India
9.5. South America
9.5.1. Brazil
9.6. Middle East and Africa
9.6.1. UAE
9.6.2. South Africa
10. Global Ammunition Market-Competitive Landscape
10.1. Overview
10.1.1. Market Share of Key Players in the Ammunition Market
10.1.2. Global Company Market Share
10.1.3. North America Company Market Share
10.1.4. Europe Company Market Share
10.1.5. APAC Company Market Share
10.2. Competitive Situations and Trends
10.2.1. Launches and Developments
10.2.2. Partnerships, Collaborations, and Agreements
10.2.3. Mergers & Acquisitions
10.2.4. Expansions
11. Company Profiles
11.1. Northrop Grumman Corporation
11.1.1. Business Overview
11.1.2. Company Snapshot
11.1.3. Company Market Share Analysis
11.1.4. Company Component Portfolio
11.1.5. Recent Developments
11.1.6. SWOT Analysis
11.2. CBC Global Ammunition
11.2.1. Business Overview
11.2.2. Company Snapshot
11.2.3. Company Market Share Analysis
11.2.4. Company Component Portfolio
11.2.5. Recent Developments
11.2.6. SWOT Analysis
11.3. Ruag Ammotec
11.3.1. Business Overview
11.3.2. Company Snapshot
11.3.3. Company Market Share Analysis
11.3.4. Company Component Portfolio
11.3.5. Recent Developments
11.3.6. SWOT Analysis
11.4. General Dynamics Corporation
11.4.1. Business Overview
11.4.2. Company Snapshot
11.4.3. Company Market Share Analysis
11.4.4. Company Component Portfolio
11.4.5. Recent Developments
11.4.6. SWOT Analysis
11.5. Olin Corporation
11.5.1. Business Overview
11.5.2. Company Snapshot
11.5.3. Company Market Share Analysis
11.5.4. Company Component Portfolio
11.5.5. Recent Developments
11.5.6. SWOT Analysis
11.6. BAE Systems
11.6.1. Business Overview
11.6.2. Company Snapshot
11.6.3. Company Market Share Analysis
11.6.4. Company Component Portfolio
11.6.5. Recent Developments
11.6.6. SWOT Analysis
11.7. Thales Group
11.7.1. Business Overview
11.7.2. Company Snapshot
11.7.3. Company Market Share Analysis
11.7.4. Company Component Portfolio
11.7.5. Recent Developments
11.7.6. SWOT Analysis
11.8. Rheinmetal AG
11.8.1. Business Overview
11.8.2. Company Snapshot
11.8.3. Company Market Share Analysis
11.8.4. Company Component Portfolio
11.8.5. Recent Developments
11.8.6. SWOT Analysis
11.9. Nexter KNDS group
11.9.1. Business Overview
11.9.2. Company Snapshot
11.9.3. Company Market Share Analysis
11.9.4. Company Component Portfolio
11.9.5. Recent Developments
11.9.6. SWOT Analysis
11.10. Elbit Systems
11.10.1. Business Overview
11.10.2. Company Snapshot
11.10.3. Company Market Share Analysis
11.10.4. Company Component Portfolio
11.10.5. Recent Developments
11.10.6. SWOT Analysis
List of Table
1. Global Ammunition Market, By Product Type, 2019-2030 (USD Billion)
2. Global Bullets Ammunition Market, By Region, 2019-2030 (USD Billion)
3. Global Artillery Shells Ammunition Market, By Region, 2019-2030 (USD Billion)
4. Global Aerial Bombs Ammunition Market, By Region, 2019-2030 (USD Billion)
5. Global Mortars Ammunition Market, By Region, 2019-2030 (USD Billion)
6. Global Ammunition Market, By Calibre, 2019-2030 (USD Billion)
7. Global Small Ammunition Market, By Region, 2019-2030 (USD Billion)
8. Global Medium Ammunition Market, By Region, 2019-2030 (USD Billion)
9. Global Large Ammunition Market, By Region, 2019-2030 (USD Billion)
10. Global Ammunition Market, By Application, 2019-2030 (USD Billion)
11. Global Defense Ammunition Market, By Region, 2019-2030 (USD Billion)
12. Global Civil & Commercial Ammunition Market, By Region, 2019-2030 (USD Billion)
13. Global Ammunition Market, By Region, 2019-2030 (USD Billion)
14. North America Ammunition Market, By Product Type, 2019-2030 (USD Billion)
15. North America Ammunition Market, By Calibre, 2019-2030 (USD Billion)
16. North America Ammunition Market, By Application, 2019-2030 (USD Billion)
17. U.S. Ammunition Market, By Product Type, 2019-2030 (USD Billion)
18. U.S. Ammunition Market, By Calibre, 2019-2030 (USD Billion)
19. U.S. Ammunition Market, By Application, 2019-2030 (USD Billion)
20. Canada Ammunition Market, By Product Type, 2019-2030 (USD Billion)
21. Canada Ammunition Market, By Calibre, 2019-2030 (USD Billion)
22. Canada Ammunition Market, By Application, 2019-2030 (USD Billion)
23. Mexico Ammunition Market, By Product Type, 2019-2030 (USD Billion)
24. Mexico Ammunition Market, By Calibre, 2019-2030 (USD Billion)
25. Mexico Ammunition Market, By Application, 2019-2030 (USD Billion)
26. Europe Ammunition Market, By Product Type, 2019-2030 (USD Billion)
27. Europe Ammunition Market, By Calibre, 2019-2030 (USD Billion)
28. Europe Ammunition Market, By Application, 2019-2030 (USD Billion)
29. Germany Ammunition Market, By Product Type, 2019-2030 (USD Billion)
30. Germany Ammunition Market, By Calibre, 2019-2030 (USD Billion)
31. Germany Ammunition Market, By Application, 2019-2030 (USD Billion)
32. France Ammunition Market, By Product Type, 2019-2030 (USD Billion)
33. France Ammunition Market, By Calibre, 2019-2030 (USD Billion)
34. France Ammunition Market, By Application, 2019-2030 (USD Billion)
35. U.K. Ammunition Market, By Product Type, 2019-2030 (USD Billion)
36. U.K. Ammunition Market, By Calibre, 2019-2030 (USD Billion)
37. U.K. Ammunition Market, By Application, 2019-2030 (USD Billion)
38. Italy Ammunition Market, By Product Type, 2019-2030 (USD Billion)
39. Italy Ammunition Market, By Calibre, 2019-2030 (USD Billion)
40. Italy Ammunition Market, By Application, 2019-2030 (USD Billion)
41. Spain Ammunition Market, By Product Type, 2019-2030 (USD Billion)
42. Spain Ammunition Market, By Calibre, 2019-2030 (USD Billion)
43. Spain Ammunition Market, By Application, 2019-2030 (USD Billion)
44. Asia Pacific Ammunition Market, By Product Type, 2019-2030 (USD Billion)
45. Asia Pacific Ammunition Market, By Calibre, 2019-2030 (USD Billion)
46. Asia Pacific Ammunition Market, By Application, 2019-2030 (USD Billion)
47. Japan Ammunition Market, By Product Type, 2019-2030 (USD Billion)
48. Japan Ammunition Market, By Calibre, 2019-2030 (USD Billion)
49. Japan Ammunition Market, By Application, 2019-2030 (USD Billion)
50. China Ammunition Market, By Product Type, 2019-2030 (USD Billion)
51. China Ammunition Market, By Calibre, 2019-2030 (USD Billion)
52. China Ammunition Market, By Application, 2019-2030 (USD Billion)
53. India Ammunition Market, By Product Type, 2019-2030 (USD Billion)
54. India Ammunition Market, By Calibre, 2019-2030 (USD Billion)
55. India Ammunition Market, By Application, 2019-2030 (USD Billion)
56. South America Ammunition Market, By Product Type, 2019-2030 (USD Billion)
57. South America Ammunition Market, By Calibre, 2019-2030 (USD Billion)
58. South America Ammunition Market, By Application, 2019-2030 (USD Billion)
59. Brazil Ammunition Market, By Product Type, 2019-2030 (USD Billion)
60. Brazil Ammunition Market, By Calibre, 2019-2030 (USD Billion)
61. Brazil Ammunition Market, By Application, 2019-2030 (USD Billion)
62. Middle East and Africa Ammunition Market, By Product Type, 2019-2030 (USD Billion)
63. Middle East and Africa Ammunition Market, By Calibre, 2019-2030 (USD Billion)
64. Middle East and Africa Ammunition Market, By Application, 2019-2030 (USD Billion)
65. UAE Ammunition Market, By Product Type, 2019-2030 (USD Billion)
66. UAE Ammunition Market, By Calibre, 2019-2030 (USD Billion)
67. UAE Ammunition Market, By Application, 2019-2030 (USD Billion)
68. South Africa Ammunition Market, By Product Type, 2019-2030 (USD Billion)
69. South Africa Ammunition Market, By Calibre, 2019-2030 (USD Billion)
70. South Africa Ammunition Market, By Application, 2019-2030 (USD Billion)
List of Figures
1. Global Ammunition Market Segmentation
2. Ammunition Market: Research Methodology
3. Market Size Estimation Methodology: Bottom-Up Approach
4. Market Size Estimation Methodology: Top-Down Approach
5. Data Triangulation
6. Porter’s Five Forces Analysis
7. Value Chain Analysis
8. Global Ammunition Market Attractiveness Analysis By Product Type
9. Global Ammunition Market Attractiveness Analysis By Calibre
10. Global Ammunition Market Attractiveness Analysis By Application
11. Global Ammunition Market Attractiveness Analysis By Region
12. Global Ammunition Market: Dynamics
13. Global Ammunition Market Share by Product Type (2022 & 2030)
14. Global Ammunition Market Share by Calibre (2022 & 2030)
15. Global Ammunition Market Share by Application (2022 & 2030)
16. Global Ammunition Market Share by Regions (2022 & 2030)
17. Global Ammunition Market Share by Company (2021)
This study forecasts revenue at global, regional, and country levels from 2019 to 2030. The Brainy Insights has segmented the global ammunition market based on the below-mentioned segments:
Global Ammunition Market by Product Type:
Global Ammunition Market by Calibre:
Global Ammunition Market by Application:
Global Ammunition Market by Region:
Research has its special purpose to undertake marketing efficiently. In this competitive scenario, businesses need information across all industry verticals; the information about customer wants, market demand, competition, industry trends, distribution channels etc. This information needs to be updated regularly because businesses operate in a dynamic environment. Our organization, The Brainy Insights incorporates scientific and systematic research procedures in order to get proper market insights and industry analysis for overall business success. The analysis consists of studying the market from a miniscule level wherein we implement statistical tools which helps us in examining the data with accuracy and precision.
Our research reports feature both; quantitative and qualitative aspects for any market. Qualitative information for any market research process are fundamental because they reveal the customer needs and wants, usage and consumption for any product/service related to a specific industry. This in turn aids the marketers/investors in knowing certain perceptions of the customers. Qualitative research can enlighten about the different product concepts and designs along with unique service offering that in turn, helps define marketing problems and generate opportunities. On the other hand, quantitative research engages with the data collection process through interviews, e-mail interactions, surveys and pilot studies. Quantitative aspects for the market research are useful to validate the hypotheses generated during qualitative research method, explore empirical patterns in the data with the help of statistical tools, and finally make the market estimations.
The Brainy Insights offers comprehensive research and analysis, based on a wide assortment of factual insights gained through interviews with CXOs and global experts and secondary data from reliable sources. Our analysts and industry specialist assume vital roles in building up statistical tools and analysis models, which are used to analyse the data and arrive at accurate insights with exceedingly informative research discoveries. The data provided by our organization have proven precious to a diverse range of companies, facilitating them to address issues such as determining which products/services are the most appealing, whether or not customers use the product in the manner anticipated, the purchasing intentions of the market and many others.
Our research methodology encompasses an idyllic combination of primary and secondary initiatives. Key phases involved in this process are listed below:
The phase involves the gathering and collecting of market data and its related information with the help of different sources & research procedures.
The data procurement stage involves in data gathering and collecting through various data sources.
This stage involves in extensive research. These data sources includes:
Purchased Database: Purchased databases play a crucial role in estimating the market sizes irrespective of the domain. Our purchased database includes:
Primary Research: The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. Primary research mainly involves in telephonic interviews, E-mail interactions and face-to-face interviews with the raw material providers, manufacturers/producers, distributors, & independent consultants. The interviews that we conduct provides valuable data on market size and industry growth trends prevailing in the market. Our organization also conducts surveys with the various industry experts in order to gain overall insights of the industry/market. For instance, in healthcare industry we conduct surveys with the pharmacists, doctors, surgeons and nurses in order to gain insights and key information of a medical product/device/equipment which the customers are going to usage. Surveys are conducted in the form of questionnaire designed by our own analyst team. Surveys plays an important role in primary research because surveys helps us to identify the key target audiences of the market. Additionally, surveys helps to identify the key target audience engaged with the market. Our survey team conducts the survey by targeting the key audience, thus gaining insights from them. Based on the perspectives of the customers, this information is utilized to formulate market strategies. Moreover, market surveys helps us to understand the current competitive situation of the industry. To be precise, our survey process typically involve with the 360 analysis of the market. This analytical process begins by identifying the prospective customers for a product or service related to the market/industry to obtain data on how a product/service could fit into customers’ lives.
Secondary Research: The secondary data sources includes information published by the on-profit organizations such as World bank, WHO, company fillings, investor presentations, annual reports, national government documents, statistical databases, blogs, articles, white papers and others. From the annual report, we analyse a company’s revenue to understand the key segment and market share of that organization in a particular region. We analyse the company websites and adopt the product mapping technique which is important for deriving the segment revenue. In the product mapping method, we select and categorize the products offered by the companies catering to domain specific market, deduce the product revenue for each of the companies so as to get overall estimation of the market size. We also source data and analyses trends based on information received from supply side and demand side intermediaries in the value chain. The supply side denotes the data gathered from supplier, distributor, wholesaler and the demand side illustrates the data gathered from the end customers for respective market domain.
The supply side for a domain specific market is analysed by:
The demand side for the market is estimated through:
In-house Library: Apart from these third-party sources, we have our in-house library of qualitative and quantitative information. Our in-house database includes market data for various industry and domains. These data are updated on regular basis as per the changing market scenario. Our library includes, historic databases, internal audit reports and archives.
Sometimes there are instances where there is no metadata or raw data available for any domain specific market. For those cases, we use our expertise to forecast and estimate the market size in order to generate comprehensive data sets. Our analyst team adopt a robust research technique in order to produce the estimates:
Data Synthesis: This stage involves the analysis & mapping of all the information obtained from the previous step. It also involves in scrutinizing the data for any discrepancy observed while data gathering related to the market. The data is collected with consideration to the heterogeneity of sources. Robust scientific techniques are in place for synthesizing disparate data sets and provide the essential contextual information that can orient market strategies. The Brainy Insights has extensive experience in data synthesis where the data passes through various stages:
Market Deduction & Formulation: The final stage comprises of assigning data points at appropriate market spaces so as to deduce feasible conclusions. Analyst perspective & subject matter expert based holistic form of market sizing coupled with industry analysis also plays a crucial role in this stage.
This stage involves in finalization of the market size and numbers that we have collected from data integration step. With data interpolation, it is made sure that there is no gap in the market data. Successful trend analysis is done by our analysts using extrapolation techniques, which provide the best possible forecasts for the market.
Data Validation & Market Feedback: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helps us finalize data-points to be used for final calculations.
The Brainy Insights interacts with leading companies and experts of the concerned domain to develop the analyst team’s market understanding and expertise. It improves and substantiates every single data presented in the market reports. The data validation interview and discussion panels are typically composed of the most experienced industry members. The participants include, however, are not limited to:
Moreover, we always validate our data and findings through primary respondents from all the major regions we are working on.
Free Customization
Fortune 500 Clients
Free Yearly Update On Purchase Of Multi/Corporate License
Companies Served Till Date