NEW YORK, May 12, 2023 /PRNewswire/ — The ammunition market is estimated to grow by USD 5.17 billion during 2022-2027. Moreover, the growth momentum will accelerate at a CAGR of 4.29% during the forecast period. The market is segmented by product (small caliber, medium caliber, and large caliber), application (defense, civil, and commercial), and geography (North America, APAC, Europe, Middle East and Africa, and South America). The small caliber segment will account for a significant share of market growth during the forecast period. Small caliber ammunition refers to ammunition with a caliber of less than 20 mm. The growth of this segment is attributed to factors such as a rise in the demand for weapons for defense and recreational purposes. In addition, the rise in interest in hunting and shooting sports, particularly among younger generations, is fueling the growth of this segment. The prevalence of geopolitical conflicts, political tensions, and cross-border issues is driving market growth. Military budgets have increased due to conflicts in the Middle East and Asia. Technological advances and increasing R&D spending are also fueling market growth. These factors are expected to increase the demand for ammunition, which will market growth during the forecast period. To understand more about the services market, request a sample report.

Ammunition market insights –

• Vendors: 15+, including Adani Group, AMMO Inc., BAE Systems Plc, BERETTA HOLDING SA, CBC Global Ammunition, Denel SOC Ltd., Elbit Systems Ltd., Fabbrica dArmi Pietro Beretta S.p.A., General Dynamics Corp., Global Ordnance LLC, Hanwha Corp., Herstal SA, Industrias Tecnos S.A. de C.V., Lockheed Martin Corp., Mesko SA, Nammo AS, Nexter KNDS Group, Northrop Grumman Systems Corp., Olin Corp., Polska Grupa Zbrojeniowa SA, Poonfsan Corp., Rheinmetall AG, Singapore Technologies Engineering Ltd., Thales Group, Vista Outdoor Inc., among others
• Coverage: Parent market analysis; key drivers, major trends, and challenges; customer and vendor landscape; vendor product insights and recent developments; key vendors; and market positioning of vendors
• Segments: Product (small caliber, medium caliber, and large caliber), application (defense, civil, and commercial), and geography (North America, APAC, Europe, Middle East and Africa, and South America)

In 2017, the ammunition market was valued at USD 19.52 billion. From a regional perspective, North America held the largest market share, valued at USD 6.90 billion.

Ammunition market – Customer landscape

To help companies evaluate and develop growth strategies, the report outlines –

• Key purchase criteria
• Adoption rates
• Adoption lifecycle
• Drivers of price sensitivity
• For highlights on customer landscape analysis, download a sample!

Ammunition market – Vendor insights

The global ammunition market is moderately competitive, marked by the presence of many prominent players competing for a larger market share. Technavio report analyzes the market’s competitive landscape and offers information on several market vendors, including

• Elbit Systems Ltd. – The company offers various ammunition such as cannon ammunition, medium caliber ammunition, mortar ammunition, and tank ammunition.
• General Dynamics Corp. – The company offers various types of small-caliber ammunition used in defense.
• Hanwha Corp. – The company offers ammunition such as mortar ammunition and 40mm grenade munitions.
• Mesko SA – The company offers medium caliber ammunition, small caliber ammunition, mortar ammunition, and tank ammunition.

Ammunition market – Market dynamics

Major trends 

• Reduction of weight of ammunition
• Growing asymmetric warfare worldwide
• Advancement in small caliber

The weight of ammunition has decreased significantly owing to new material developments and manufacturing methods. Bullet casings are made of lightweight metals and composite materials, and the weight of propellants has been optimized. In the aviation sector, lighter aircraft lead to longer flight times and successful missions. Moreover, ammunition storage and transportation require fewer resources, which allows for more flexible and quick military operations. Such factors are expected to fuel market growth during the forecast period.

Key challenges

• Rise in ammunition smuggling
• Proliferation of illicit ammunition manufacturers
• International measures to control ammunition use

The rise in ammunition smuggling is fueled by the high demand for firearms and related goods on the black market. Smugglers are employing strategies such as concealing ammunition in vehicles, shipping containers, and items such as clothing and toys. This makes it difficult for authorities to find smuggled ammunition. Moreover, the introduction of illegal firearms can lead to other criminal activities. These factors are expected to impede market growth during the forecast period.

Drivers, trends, and challenges have an impact on market dynamics, which can impact businesses. Find more insights in a sample report!

The ammunition market report provides critical information and factual data, with a qualitative and quantitative study of the market based on market drivers and limitations as well as future prospects.

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• Add credibility to strategy
• Analyzes competitor’s offerings 
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What are the key data covered in this ammunition market report?

• CAGR of the market during the forecast period
• Detailed information on factors that will drive the growth of the ammunition market between 2023 and 2027
• Precise estimation of the size of the ammunition market and its contribution to the parent market
• Accurate predictions about upcoming trends and changes in consumer behavior
• Growth of the ammunition market across North America, APAC, Europe, Middle East and Africa, and South America
• A thorough analysis of the market’s competitive landscape and detailed information about vendors
• Comprehensive analysis of factors that will challenge the growth of ammunition market vendors

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Table of contents

1 Executive Summary

• 1.1 Market overview
• Exhibit 01: Executive Summary – Chart on Market Overview
• Exhibit 02: Executive Summary – Data Table on Market Overview
• Exhibit 03: Executive Summary – Chart on Global Market Characteristics
• Exhibit 04: Executive Summary – Chart on Market by Geography
• Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
• Exhibit 06: Executive Summary – Chart on Market Segmentation by Application
• Exhibit 07: Executive Summary – Chart on Incremental Growth
• Exhibit 08: Executive Summary – Data Table on Incremental Growth
• Exhibit 09: Executive Summary – Chart on Vendor Market Positioning

2 Market Landscape

• 2.1 Market ecosystem
• Exhibit 10: Parent market
• Exhibit 11: Market Characteristics

3 Market Sizing

• 3.1 Market definition
• Exhibit 12: Offerings of vendors included in the market definition

• 3.2 Market segment analysis 
• Exhibit 13: Market segments

• 3.3 Market size 2022

• 3.4 Market outlook: Forecast for 2022-2027 
• Exhibit 14: Chart on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 15: Data Table on Global – Market size and forecast 2022-2027 ($ billion)
• Exhibit 16: Chart on Global Market: Year-over-year growth 2022-2027 (%)
• Exhibit 17: Data Table on Global Market: Year-over-year growth 2022-2027 (%)

4 Historic Market Size

• 4.1 Global ammunition market 2017 – 2021 
• Exhibit 18: Historic Market Size – Data Table on Global ammunition market 2017 – 2021 ($ billion)

• 4.2 Product Segment Analysis 2017 – 2021 
• Exhibit 19: Historic Market Size – Product Segment 2017 – 2021 ($ billion)

• 4.3 Application Segment Analysis 2017 – 2021 
• Exhibit 20: Historic Market Size – Application Segment 2017 – 2021 ($ billion)

• 4.4 Geography Segment Analysis 2017 – 2021 
• Exhibit 21: Historic Market Size – Geography Segment 2017 – 2021 ($ billion)

• 4.5 Country Segment Analysis 2017 – 2021 
• Exhibit 22: Historic Market Size – Country Segment 2017 – 2021 ($ billion)

5 Five Forces Analysis

• 5.1 Five forces summary
• Exhibit 23: Five forces analysis – Comparison between 2022 and 2027

• 5.2 Bargaining power of buyers 
• Exhibit 24: Chart on Bargaining power of buyers – Impact of key factors 2022 and 2027

• 5.3 Bargaining power of suppliers 
• Exhibit 25: Bargaining power of suppliers – Impact of key factors in 2022 and 2027

• 5.4 Threat of new entrants 
• Exhibit 26: Threat of new entrants – Impact of key factors in 2022 and 2027

• 5.5 Threat of substitutes 
• Exhibit 27: Threat of substitutes – Impact of key factors in 2022 and 2027

• 5.6 Threat of rivalry
• Exhibit 28: Threat of rivalry – Impact of key factors in 2022 and 2027

• 5.7 Market condition
• Exhibit 29: Chart on Market condition – Five forces 2022 and 2027

6 Market Segmentation by Product

• 6.1 Market segments
• Exhibit 30: Chart on Product – Market share 2022-2027 (%)
• Exhibit 31: Data Table on Product – Market share 2022-2027 (%)

• 6.2 Comparison by Product 
• Exhibit 32: Chart on Comparison by Product
• Exhibit 33: Data Table on Comparison by Product

• 6.3 Small caliber – Market size and forecast 2022-2027 
• Exhibit 34: Chart on Small caliber – Market size and forecast 2022-2027 ($ billion)
• Exhibit 35: Data Table on Small caliber – Market size and forecast 2022-2027 ($ billion)
• Exhibit 36: Chart on Small caliber – Year-over-year growth 2022-2027 (%)
• Exhibit 37: Data Table on Small caliber – Year-over-year growth 2022-2027 (%)

• 6.4 Medium caliber – Market size and forecast 2022-2027 
• Exhibit 38: Chart on Medium caliber – Market size and forecast 2022-2027 ($ billion)
• Exhibit 39: Data Table on Medium caliber – Market size and forecast 2022-2027 ($ billion)
• Exhibit 40: Chart on Medium caliber – Year-over-year growth 2022-2027 (%)
• Exhibit 41: Data Table on Medium caliber – Year-over-year growth 2022-2027 (%)

• 6.5 Large caliber – Market size and forecast 2022-2027 
• Exhibit 42: Chart on Large caliber – Market size and forecast 2022-2027 ($ billion)
• Exhibit 43: Data Table on Large caliber – Market size and forecast 2022-2027 ($ billion)
• Exhibit 44: Chart on Large caliber – Year-over-year growth 2022-2027 (%)
• Exhibit 45: Data Table on Large caliber – Year-over-year growth 2022-2027 (%)

• 6.6 Market opportunity by Product 
• Exhibit 46: Market opportunity by Product ($ billion)
• Exhibit 47: Data Table on Market opportunity by Product ($ billion)

7 Market Segmentation by Application

• 7.1 Market segments
• Exhibit 48: Chart on Application – Market share 2022-2027 (%)
• Exhibit 49: Data Table on Application – Market share 2022-2027 (%)

• 7.2 Comparison by Application 
• Exhibit 50: Chart on Comparison by Application
• Exhibit 51: Data Table on Comparison by Application

• 7.3 Defense – Market size and forecast 2022-2027 
• Exhibit 52: Chart on Defense – Market size and forecast 2022-2027 ($ billion)
• Exhibit 53: Data Table on Defense – Market size and forecast 2022-2027 ($ billion)
• Exhibit 54: Chart on Defense – Year-over-year growth 2022-2027 (%)
• Exhibit 55: Data Table on Defense – Year-over-year growth 2022-2027 (%)

• 7.4 Civil and commercial – Market size and forecast 2022-2027 
• Exhibit 56: Chart on Civil and commercial – Market size and forecast 2022-2027 ($ billion)
• Exhibit 57: Data Table on Civil and commercial – Market size and forecast 2022-2027 ($ billion)
• Exhibit 58: Chart on Civil and commercial – Year-over-year growth 2022-2027 (%)
• Exhibit 59: Data Table on Civil and commercial – Year-over-year growth 2022-2027 (%)

• 7.5 Market opportunity by Application 
• Exhibit 60: Market opportunity by Application ($ billion)
• Exhibit 61: Data Table on Market opportunity by Application ($ billion)

8 Customer Landscape

• 8.1 Customer landscape overview 
• Exhibit 62: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria

9 Geographic Landscape

• 9.1 Geographic segmentation 
• Exhibit 63: Chart on Market share by geography 2022-2027 (%)
• Exhibit 64: Data Table on Market share by geography 2022-2027 (%)

• 9.2 Geographic comparison 
• Exhibit 65: Chart on Geographic comparison
• Exhibit 66: Data Table on Geographic comparison

• 9.3 North America – Market size and forecast 2022-2027 
• Exhibit 67: Chart on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 68: Data Table on North America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 69: Chart on North America – Year-over-year growth 2022-2027 (%)
• Exhibit 70: Data Table on North America – Year-over-year growth 2022-2027 (%)

• 9.4 APAC – Market size and forecast 2022-2027 
• Exhibit 71: Chart on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 72: Data Table on APAC – Market size and forecast 2022-2027 ($ billion)
• Exhibit 73: Chart on APAC – Year-over-year growth 2022-2027 (%)
• Exhibit 74: Data Table on APAC – Year-over-year growth 2022-2027 (%)

• 9.5 Europe – Market size and forecast 2022-2027 
• Exhibit 75: Chart on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 76: Data Table on Europe – Market size and forecast 2022-2027 ($ billion)
• Exhibit 77: Chart on Europe – Year-over-year growth 2022-2027 (%)
• Exhibit 78: Data Table on Europe – Year-over-year growth 2022-2027 (%)

• 9.6 Middle East and Africa – Market size and forecast 2022-2027 
• Exhibit 79: Chart on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 80: Data Table on Middle East and Africa – Market size and forecast 2022-2027 ($ billion)
• Exhibit 81: Chart on Middle East and Africa – Year-over-year growth 2022-2027 (%)
• Exhibit 82: Data Table on Middle East and Africa – Year-over-year growth 2022-2027 (%)

• 9.7 South America – Market size and forecast 2022-2027 
• Exhibit 83: Chart on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 84: Data Table on South America – Market size and forecast 2022-2027 ($ billion)
• Exhibit 85: Chart on South America – Year-over-year growth 2022-2027 (%)
• Exhibit 86: Data Table on South America – Year-over-year growth 2022-2027 (%)

• 9.8 US – Market size and forecast 2022-2027 
• Exhibit 87: Chart on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 88: Data Table on US – Market size and forecast 2022-2027 ($ billion)
• Exhibit 89: Chart on US – Year-over-year growth 2022-2027 (%)
• Exhibit 90: Data Table on US – Year-over-year growth 2022-2027 (%)

• 9.9 China – Market size and forecast 2022-2027 
• Exhibit 91: Chart on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 92: Data Table on China – Market size and forecast 2022-2027 ($ billion)
• Exhibit 93: Chart on China – Year-over-year growth 2022-2027 (%)
• Exhibit 94: Data Table on China – Year-over-year growth 2022-2027 (%)

• 9.10 Russia – Market size and forecast 2022-2027 
• Exhibit 95: Chart on Russia – Market size and forecast 2022-2027 ($ billion)
• Exhibit 96: Data Table on Russia – Market size and forecast 2022-2027 ($ billion)
• Exhibit 97: Chart on Russia – Year-over-year growth 2022-2027 (%)
• Exhibit 98: Data Table on Russia – Year-over-year growth 2022-2027 (%)

• 9.11 India – Market size and forecast 2022-2027 
• Exhibit 99: Chart on India – Market size and forecast 2022-2027 ($ billion)
• Exhibit 100: Data Table on India – Market size and forecast 2022-2027 ($ billion)
• Exhibit 101: Chart on India – Year-over-year growth 2022-2027 (%)
• Exhibit 102: Data Table on India – Year-over-year growth 2022-2027 (%)

• 9.12 UK – Market size and forecast 2022-2027 
• Exhibit 103: Chart on UK – Market size and forecast 2022-2027 ($ billion)
• Exhibit 104: Data Table on UK – Market size and forecast 2022-2027 ($ billion)
• Exhibit 105: Chart on UK – Year-over-year growth 2022-2027 (%)
• Exhibit 106: Data Table on UK – Year-over-year growth 2022-2027 (%)

• 9.13 Market opportunity by geography 
• Exhibit 107: Market opportunity by geography ($ billion)
• Exhibit 108: Data Tables on Market opportunity by geography ($ billion)

10 Drivers, Challenges, and Trends

• 10.1 Market drivers

• 10.2 Market challenges

• 10.3 Impact of drivers and challenges 
• Exhibit 109: Impact of drivers and challenges in 2022 and 2027

• 10.4 Market trends

11 Vendor Landscape

• 11.1 Overview

• 11.2 Vendor landscape
• Exhibit 110: Overview on Criticality of inputs and Factors of differentiation

• 11.3 Landscape disruption
• Exhibit 111: Overview on factors of disruption

• 11.4 Industry risks
• Exhibit 112: Impact of key risks on business

12 Vendor Analysis

• 12.1 Vendors covered
• Exhibit 113: Vendors covered

• 12.2 Market positioning of vendors 
• Exhibit 114: Matrix on vendor position and classification

• 12.3 BAE Systems Plc
• Exhibit 115: BAE Systems Plc – Overview
• Exhibit 116: BAE Systems Plc – Business segments
• Exhibit 117: BAE Systems Plc – Key offerings
• Exhibit 118: BAE Systems Plc – Segment focus

• 12.4 CBC Global Ammunition 
• Exhibit 119: CBC Global Ammunition – Overview
• Exhibit 120: CBC Global Ammunition – Product / Service
• Exhibit 121: CBC Global Ammunition – Key offerings

• 12.5 Elbit Systems Ltd.
• Exhibit 122: Elbit Systems Ltd. – Overview
• Exhibit 123: Elbit Systems Ltd. – Product / Service
• Exhibit 124: Elbit Systems Ltd. – Key offerings

• 12.6 Fabbrica dArmi Pietro Beretta S.p.A. 
• Exhibit 125: Fabbrica dArmi Pietro Beretta S.p.A. – Overview
• Exhibit 126: Fabbrica dArmi Pietro Beretta S.p.A. – Product / Service
• Exhibit 127: Fabbrica dArmi Pietro Beretta S.p.A. – Key offerings

• 12.7 General Dynamics Corp. 
• Exhibit 128: General Dynamics Corp. – Overview
• Exhibit 129: General Dynamics Corp. – Business segments
• Exhibit 130: General Dynamics Corp. – Key news
• Exhibit 131: General Dynamics Corp. – Key offerings
• Exhibit 132: General Dynamics Corp. – Segment focus

• 12.8 Hanwha Corp.
• Exhibit 133: Hanwha Corp. – Overview
• Exhibit 134: Hanwha Corp. – Product / Service
• Exhibit 135: Hanwha Corp. – Key news
• Exhibit 136: Hanwha Corp. – Key offerings

• 12.9 Mesko SA
• Exhibit 137: Mesko SA – Overview
• Exhibit 138: Mesko SA – Product / Service
• Exhibit 139: Mesko SA – Key offerings

• 12.10 Nammo AS
• Exhibit 140: Nammo AS – Overview
• Exhibit 141: Nammo AS – Product / Service
• Exhibit 142: Nammo AS – Key offerings

• 12.11 Nexter KNDS Group
• Exhibit 143: Nexter KNDS Group – Overview
• Exhibit 144: Nexter KNDS Group – Product / Service
• Exhibit 145: Nexter KNDS Group – Key offerings

• 12.12 Northrop Grumman Systems Corp. 
• Exhibit 146: Northrop Grumman Systems Corp. – Overview
• Exhibit 147: Northrop Grumman Systems Corp. – Business segments
• Exhibit 148: Northrop Grumman Systems Corp. – Key news
• Exhibit 149: Northrop Grumman Systems Corp. – Key offerings
• Exhibit 150: Northrop Grumman Systems Corp. – Segment focus

• 12.13 Olin Corp.
• Exhibit 151: Olin Corp. – Overview
• Exhibit 152: Olin Corp. – Business segments
• Exhibit 153: Olin Corp. – Key offerings
• Exhibit 154: Olin Corp. – Segment focus

• 12.14 Rheinmetall AG
• Exhibit 155: Rheinmetall AG – Overview
• Exhibit 156: Rheinmetall AG – Business segments
• Exhibit 157: Rheinmetall AG – Key news
• Exhibit 158: Rheinmetall AG – Key offerings
• Exhibit 159: Rheinmetall AG – Segment focus

• 12.15 Singapore Technologies Engineering Ltd. 
• Exhibit 160: Singapore Technologies Engineering Ltd. – Overview
• Exhibit 161: Singapore Technologies Engineering Ltd. – Business segments
• Exhibit 162: Singapore Technologies Engineering Ltd. – Key offerings
• Exhibit 163: Singapore Technologies Engineering Ltd. – Segment focus

• 12.16 Thales Group
• Exhibit 164: Thales Group – Overview
• Exhibit 165: Thales Group – Business segments
• Exhibit 166: Thales Group – Key news
• Exhibit 167: Thales Group – Key offerings
• Exhibit 168: Thales Group – Segment focus

• 12.17 Vista Outdoor Inc.
• Exhibit 169: Vista Outdoor Inc. – Overview
• Exhibit 170: Vista Outdoor Inc. – Business segments
• Exhibit 171: Vista Outdoor Inc. – Key offerings
• Exhibit 172: Vista Outdoor Inc. – Segment focus

13 Appendix

• 13.1 Scope of the report

• 13.2 Inclusions and exclusions checklist 
• Exhibit 173: Inclusions checklist
• Exhibit 174: Exclusions checklist

• 13.3 Currency conversion rates for US$ 
• Exhibit 175: Currency conversion rates for US$

• 13.4 Research methodology
• Exhibit 176: Research methodology
• Exhibit 177: Validation techniques employed for market sizing
• Exhibit 178: Information sources

• 13.5 List of abbreviations 
• Exhibit 179: List of abbreviations

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