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The large caliber ammunition market was estimated at around USD 408.5 million in 2021, growing at a CAGR of nearly 2.5% during 2022-2030. The market is projected to reach approximately USD 510.2 million by 2030.
Regardless matter whether it originates from the muzzle of a rapid fire gun utilizing pre-loaded cartridges or the muzzle of a rifle firing a different kind of ammunition, a projectile discharged from a gun's muzzle is either a bullet or a shell. The term "major-caliber bullets" refers to ammunition for firearms with calibers up to and including 7 inches. A broad variety of large-caliber ammunition has been made available by numerous companies, with varying requirements. Some examples include anti-personnel tracer, dual-purpose artillery shells, dual-purpose armor-piercing shells with self-destruction, and target practice tracer. These large-caliber ammunition rounds are employed for a variety of military operations, depending on the situation and the projectile type.
Governments all over the world are investing in weaponry including naval guns, field artillery, and mortars to increase the military's lethality, protect civilians, and secure land and marine borders. Additionally, these weapons are more affordable than the pricey missiles and rockets utilized in ground strike operations. The demand for large-caliber ammunition is being driven by these reasons on a global scale.
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The COVID-19 pandemic hardly changed the market at all. The major world powers' increased defense spending is primarily to blame for this. The United States, followed by China and India, spent the most on the military as of 2021, totaling USD 2.1 trillion. Additionally, the ongoing conflict between Russia and Ukraine increases the use of weapons and ammunition, and rising defense spending from NATO nations propels market expansion throughout Europe. Therefore, the rise in geopolitical tensions between the member states of the region has significantly influenced defense spending in favor of large-caliber weapons and ammunition, which has in turn influenced the market.
Increasing defense budget to accelerate the market’s growth
As a result of significant changes in the worldwide strategic environment, the structure of international security systems has been damaged by the growing hegemonism, power politics, and unilateralism that have fueled many contemporary global crises. Political tensions, territorial rights uncertainty, and the desire for global hegemony by the military superpowers are the key elements unsettling the geopolitical situation. Governments' most common approach in this area is to increase military spending in order to strengthen security in their respective countries. The top five military spenders in 2021 were the United States, China, India, the United Kingdom, and Russia, who together accounted for 62% of worldwide military spending. The focus of military superpowers including the United States, United Kingdom, China, and India has been on enhancing their offensive and defensive capabilities. In order to fight hostile troops and eliminate threats, new weapon and ammunition systems are being researched and developed thanks to the enormous funds. The procurement of vehicle mounted weapons, mortars, howitzers, naval gun systems, and other weapons has been made by several armed forces as part of a considerable investment in improving their military firepower capabilities. As a result, there has been an increase in demand for the relevant ammunition worldwide.
New launches
The modified RSG60 60 mm mortar from Rheinmetall was introduced to infantry and special forces in August 2019. These mortar systems are quick, easy to operate, and portable. In July 2019, the UK Ministry of Defense (MoD) and Rheinmetall negotiated a contract for infantry ammunition. As an illustration, Pakistan and Italy agreed to buy 100,000 artillery ammunition in 2019. The US Navy further paid BAE Systems USD 22.7 million for a contract to provide the Bofors 57 MK3 Gun System for its coastal combat ships in 2019. India also disclosed that it has specifically ordered 155 mm Excalibur artillery shells from the US in an effort to bolster its border security.
Large Caliber Ammunition Market: Segmentation Analysis
The large caliber ammunition market is segmented into the end user and distribution channel. Based on end user, the market for ground forces segment is estimated to lead the market during the forecast period. The composition of international security systems has been compromised by the expanding hegemonism, unilateralism, and power politics, which have fueled multiple current global crises, as a result of significant changes in the international strategic environment. The main factors upsetting the geopolitical situation are uncertainty regarding territorial rights, political tensions, and the military superpowers' drive for global domination. Hence, the ground forces segment is primary end user in the market.
By distribution channel, the distributor segment is anticipated to dominant the large caliber ammunition market. The distributor market is expanding because distributors assist in managing customer-facing centers that are stocked with high-quality goods and are supported by local delivery guarantees. Additionally, there is enough warehouse space for storage and timely delivery to nearby customers. By selling their goods to a range of stores, this distribution channel also aids production organizations in reducing costs and enhancing key competencies. These benefits are anticipated to significantly contribute to the segment's predicted revenue growth.
Report Scope
| Attribute | Description |
|---|---|
| Base Year | 2021 |
| Forecast period | 2022-2030 |
| Report Coverage | Revenue estimation and forecast, company profile, competitive landscape, growth factors, and recent trends |
| Regional scope | North America, Europe, Asia Pacific, Middle East & Africa, and Latin America |
| Market Size(unit) | USD Million |
| CAGR (2022 to 2030) | 2.5% |
| Segments Covered |
By End User |
Regional Landscape
North America, which currently dominates the market's revenue share, is anticipated to remain one of the most alluring markets during the projection period. US military spending climbed by about 2.9% in 2021, from USD 778.23 billion in 2020 to USD 801 billion. In 2021, the United States continued to spend the most on defense, accounting for 38% of worldwide spending. Hence, the market is expected to be dominated by this region.
The global Large caliber ammunition market is segmented as follows:
By End User
By Distribution Channel
By Region/Geography
1. Introduction
1.1. Objectives of the Study
1.2. Market Definition
1.3. Research Scope
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 End User
4.3.2. Market Attractiveness Analysis By Distribution Channel
4.4. Industry Trends
5. Market Dynamics
5.1. Market Evaluation
5.2. Drivers
5.2.1. Increasing defence budget to accelerate the market’s growth
5.2.2. New launches will drive the market
5.3. Restrains
5.3.1. Stringent government laws would hamper the market
5.4. Opportunities
5.4.1. Growing technological improvements
6. Global Large Caliber Ammunition Market Analysis and Forecast, By End User
6.1. Segment Overview
6.2. Naval Forces
6.3. Ground Forces
7. Global Large Caliber Ammunition Market Analysis and Forecast, By Distribution Channel
7.1. Segment Overview
7.2. Direct Sales
7.3. Distributor
8. Global Large Caliber Ammunition Market Analysis and Forecast, By Regional Analysis
8.1. Segment Overview
8.2. North America
8.2.1. U.S.
8.2.2. Canada
8.2.3. Mexico
8.3. Europe
8.3.1. Germany
8.3.2. France
8.3.3. U.K.
8.3.4. Italy
8.3.5. Spain
8.3.6. Rest of Europe
8.4. Asia-Pacific
8.4.1. Japan
8.4.2. China
8.4.3. India
8.4.4. Australia
8.4.5. South Korea
8.4.6. Rest of Asia-Pacific
8.5. South America
8.5.1. Brazil
8.5.2. Argentina
8.5.3. Rest of South America
8.6. Middle East and Africa
8.6.1. UAE
8.6.2. South Africa
8.6.3. Egypt
8.6.4. Kuwait
8.6.5. Saudi Arabia
8.6.6. Rest of Middle East & Africa
9. Global Large Caliber Ammunition Market-Competitive Landscape
9.1. Overview
9.2. Market Share of Key Players in the Large Caliber Ammunition Market
9.2.1. Global Company Market Share
9.2.2. North America Company Market Share
9.2.3. Europe Company Market Share
9.2.4. APAC Company Market Share
9.3. Competitive Situations and Trends
9.3.1. End User Launches and Developments
9.3.2. Partnerships, Collaborations, and Agreements
9.3.3. Mergers & Acquisitions
9.3.4. Expansions
10. Company Profiles
10.1. General Dynamics Corporation
10.1.1. Business Overview
10.1.2. Company Snapshot
10.1.3. Company Market Share Analysis
10.1.4. Company Distribution Channel Portfolio
10.1.5. Recent Developments
10.1.6. SWOT Analysis
10.2. BAE Systems PLC
10.2.1. Business Overview
10.2.2. Company Snapshot
10.2.3. Company Market Share Analysis
10.2.4. Company Distribution Channel Portfolio
10.2.5. Recent Developments
10.2.6. SWOT Analysis
10.3. Rheinmetall AG
10.3.1. Business Overview
10.3.2. Company Snapshot
10.3.3. Company Market Share Analysis
10.3.4. Company Distribution Channel Portfolio
10.3.5. Recent Developments
10.3.6. SWOT Analysis
10.4. Nexter group KNDS
10.4.1. Business Overview
10.4.2. Company Snapshot
10.4.3. Company Market Share Analysis
10.4.4. Company Distribution Channel Portfolio
10.4.5. Recent Developments
10.4.6. SWOT Analysis
10.5. Northrop Grumman Corporation
10.5.1. Business Overview
10.5.2. Company Snapshot
10.5.3. Company Market Share Analysis
10.5.4. Company Distribution Channel Portfolio
10.5.5. Recent Developments
10.5.6. SWOT Analysis
10.6. Ukroboronprom
10.6.1. Business Overview
10.6.2. Company Snapshot
10.6.3. Company Market Share Analysis
10.6.4. Company Distribution Channel Portfolio
10.6.5. Recent Developments
10.6.6. SWOT Analysis
10.7. Denel SOC Ltd
10.7.1. Business Overview
10.7.2. Company Snapshot
10.7.3. Company Market Share Analysis
10.7.4. Company Distribution Channel Portfolio
10.7.5. Recent Developments
10.7.6. SWOT Analysis
10.8. Nammo AS
10.8.1. Business Overview
10.8.2. Company Snapshot
10.8.3. Company Market Share Analysis
10.8.4. Company Distribution Channel Portfolio
10.8.5. Recent Developments
10.8.6. SWOT Analysis
10.9. ST Engineering
10.9.1. Business Overview
10.9.2. Company Snapshot
10.9.3. Company Market Share Analysis
10.9.4. Company Distribution Channel Portfolio
10.9.5. Recent Developments
10.9.6. SWOT Analysis
10.10. Saab AB
10.10.1. Business Overview
10.10.2. Company Snapshot
10.10.3. Company Market Share Analysis
10.10.4. Company Distribution Channel Portfolio
10.10.5. Recent Developments
10.10.6. SWOT Analysis
List of Table
1. Global Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
2. Global Naval Forces Large Caliber Ammunition Market, By Region, 2022-2030(USD Million)
3. Global Ground Forces Large Caliber Ammunition Market, By Region, 2022-2030(USD Million)
4. Global Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
5. Global Direct Sales Large Caliber Ammunition Market, By Region, 2022-2030(USD Million)
6. Global Distributor Large Caliber Ammunition Market, By Region, 2022-2030(USD Million)
7. Global Large Caliber Ammunition Market, By Region, 2022-2030(USD Million)
8. Global Large Caliber Ammunition Market, By North America, 2022-2030(USD Million)
9. North America Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
10. North America Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
11. U.S. Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
12. U.S. Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
13. Canada Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
14. Canada Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
15. Mexico Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
16. Mexico Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
17. Europe Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
18. Europe Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
19. Germany Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
20. Germany Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
21. France Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
22. France Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
23. U.K. Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
24. U.K. Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
25. Italy Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
26. Italy Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
27. Spain Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
28. Spain Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
29. Rest of Europe Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
30. Rest of Europe Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
31. Asia Pacific Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
32. Asia Pacific Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
33. Japan Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
34. Japan Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
35. China Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
36. China Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
37. India Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
38. India Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
39. Australia Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
40. Australia Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
41. South Korea Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
42. South Korea Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
43. Rest of Asia-Pacific Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
44. Rest of Asia-Pacific Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
45. South America Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
46. South America Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
47. Brazil Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
48. Brazil Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
49. Argentina Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
50. Argentina Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
51. Rest of Latin America Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
52. Rest of Latin America Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
53. Middle East and Africa Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
54. Middle East and Africa Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
55. UAE Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
56. UAE Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
57. South Africa Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
58. South Africa Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
59. Egypt Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
60. Egypt Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
61. Kuwait Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
62. Kuwait Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
63. Saudi Arabia Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
64. Saudi Arabia Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
65. Rest of Middle East Large Caliber Ammunition Market, By End User, 2022-2030(USD Million)
66. Rest of Middle East Large Caliber Ammunition Market, By Distribution Channel, 2022-2030(USD Million)
List of Figures
1. Global Large Caliber Ammunition Market Segmentation
2. Large Caliber 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 Large Caliber Ammunition Market Attractiveness Analysis By End User
9. Global Large Caliber Ammunition Market Attractiveness Analysis By Distribution Channel
10. Global Large Caliber Ammunition Market Attractiveness Analysis By Region
11. Global Large Caliber Ammunition Market: Dynamics
12. Global Large Caliber Ammunition Market Share By End User(2022 & 2030)
13. Global Large Caliber Ammunition Market Share By Distribution Channel(2022 & 2030)
14. Global Large Caliber Ammunition Market Share by Regions (2022 & 2030)
15. Global Large Caliber Ammunition Market Share by Company (2021)
By End User
By Distribution Channel
By Region/Geography
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