Global Ammunition Market Growth 2023-2029

Global Ammunition Market Growth 2023-2029

Product Code:450670

Published Date: Feb 08,2023

Pages: 110

Region: Global

Category: Chemical & Material

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Ammunition is the material fired, scattered, dropped or detonated from any weapon. Ammunition is both expendable weapons (e.g., bombs, missiles, grenades, land mines) and the component parts of other weapons that create the effect on a target (e.g., bullets and warheads). Nearly all mechanical weapons require some form of ammunition to operate.

LPI (LP Information)' newest research report, the “Ammunition Industry Forecast” looks at past sales and reviews total world Ammunition sales in 2022, providing a comprehensive analysis by region and market sector of projected Ammunition sales for 2023 through 2029. With Ammunition sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ammunition industry.

This Insight Report provides a comprehensive analysis of the global Ammunition landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ammunition portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Ammunition market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ammunition and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ammunition.

The global Ammunition market size is projected to grow from US$ 10930 million in 2022 to US$ 14220 million in 2029; it is expected to grow at a CAGR of 14220 from 2023 to 2029.

Ammunition industry has low technology barrier and is labor intensive industry. Currently, there are several producing companies in the world ammunition industry. The main market players are Orbital Atk, Vista Outdoors, Olin Corporation (Winchester Ammunition), Ruag Group (Ruag Ammotec AG), FN Herstal and Nammo. Top three are Orbital Atk, Vista Outdoors and China North Industries Corp (NORINCO), with above 22% market shares.

USA and Europe are the mainly consumption regions due to the bigger demand of downstream applications. These two regions occupied 47% of the global consumption volume in total.

This report presents a comprehensive overview, market shares, and growth opportunities of Ammunition market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:
Segmentation by type
    Small Caliber Ammunition
    Medium Caliber Ammunition
    Large Caliber Ammunition

Segmentation by application
    Military
    Law Enforcement
    Civilian

This report also splits the market by region:
    Americas
        United States
        Canada
        Mexico
        Brazil
    APAC
        China
        Japan
        Korea
        Southeast Asia
        India
        Australia
    Europe
        Germany
        France
        UK
        Italy
        Russia
    Middle East & Africa
        Egypt
        South Africa
        Israel
        Turkey
        GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.
    Orbital Atk
    Vista Outdoors
    Olin Corporation (Winchester Ammunition)
    Ruag Group (Ruag Ammotec AG)
    FN Herstal
    Nammo
    Nexter
    BAE Systems
    Poongsan Defense
    IMI (Israel Military Industries)
    General Dynamics
    Day & Zimmermann
    Rheinmetall Defence
    Finmeccanica
    Bazalt
    Zavod Plastmass
    National Presto
    China North Industries Corp (NORINCO)
    CSGC

Key Questions Addressed in this Report
What is the 10-year outlook for the global Ammunition market?
What factors are driving Ammunition market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Ammunition market opportunities vary by end market size?
How does Ammunition break out type, application?
What are the influences of COVID-19 and Russia-Ukraine war?