Syndicated Research Studies

The global ammunition market was valued at approximately USD 68.57 billion in 2023 and is expected to experience a decline at a compound annual growth rate (CAGR) of -11.3% from 2024 to 2030. This decline is largely attributed to factors such as shifting global security dynamics and changing defense priorities. However, the rise in terrorist activities and ongoing geopolitical hostilities around the world is expected to drive increased procurement of defense equipment by major military forces, which could counterbalance some of the downturn and provide support to the market over the forecast period. Additionally, the growing popularity of sports and recreational shooting, which involve the use of rifles and pistols, is anticipated to lead to a higher demand for small-caliber ammunition. This trend is expected to persist throughout the forecast period, further boosting ammunition sales, particularly in the civilian market. Technological innovations in ammunition production, including t...

Ammunition Market Size & Trends The global ammunition market size was estimated at USD 68.57 billion in 2023 and is projected to decline at a CAGR of -11.3% from 2024 to 2030. A rise in the number of terrorist activities and hostilities across the globe is likely to increase the procurement of defense equipment by prominent militaries across the globe, thereby directly benefiting the industry over the forecast period. Rising trends for sports and shooting that utilize rifles and pistols are expected to increase penetration of small-caliber ammunition over the forecast period. Technological advancements have introduced lightweight bullets made from polymer-based cases, thus supporting the overall industry. High investments by the U.S. government for enhancements in military and armed forces are expected to support industry growth in the country. Procurement of small caliber ammunition by civilians and the Department of Homeland Security (DHS) is expected to bolster the overall i...

Ammunition Market Growth & Trends The global ammunition market size is estimated to reach USD 36.75 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to decline at a CAGR of -11.3% from 2024 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 demand for ammunition in the estimated time. Increasing procurement of artillery and mortar platforms by the Indian Army over the next ten years through several development platforms is expected to increase the amount of ammunition over the forecast period. In addition, a rise in hostilities is expected to increase the demand for ammunition in Middle Eastern countries in the projected time frame. Technological innovations for the replacement of brass-based bullet cases using polymer-based bullet cases are expected to offer growth prospects to the market. The application of polymer materials in bull...

Ammunition Industry Overview The global ammunition market size was valued at USD 22.35 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of 3.2% from 2022 to 2030. A rise in the number of terrorist activities and hostilities across the globe is likely to increase the procurement of defense equipment by prominent militaries across the globe, which will further drive the market for ammunition over the forecast period. Rising trends for sports and shooting that utilize rifles and pistols are expected to increase the penetration of small-caliber ammunition in the projected time. Moreover, technological advancements in the market have introduced lightweight bullets made from polymer-based cases and thus are projected to support the market growth. Gather more insights about the market drivers, restrains and growth of the Global Ammunition Market High investments by the U.S. government for enhancements in military and armed forces are expected to support ...