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Add to CartGlobal Ammunition Market Growth, Share, Size, Trends and Forecast (2025 - 2031)
By Caliber;
Small, Medium, and Large.By Product;
Rimfire and Centerfire.By Guidance;
Guided and Non-GuidedBy Lethality;
Less-Lethal and LethalBy Application;
Civil & Commercial - Sports, Hunting and Self Defense, Defense - Military, and Law Enforcement.By Geography;
North America, Europe, Asia Pacific, Middle East & Africa and Latin America - Report Timeline (2021 - 2031).Introduction
Global Ammunition Market (USD Million), 2021 - 2031
In the year 2024, the Global Ammunition Market was valued at USD 28,648.62 million. The size of this market is expected to increase to USD 36,449.04 million by the year 2031, while growing at a Compounded Annual Growth Rate (CAGR) of 3.5%.
The global ammunition market is a critical component of the defense, law enforcement, and sporting industries, providing a diverse range of products used in firearms and other weapons systems. The ammunition market is influenced by a variety of factors, including technological advancements, regulatory changes, and shifts in consumer behavior. As governments, military forces, law enforcement agencies, and civilians increasingly prioritize safety, security, and defense, the demand for ammunition continues to grow. With ongoing geopolitical tensions, technological innovations, and heightened defense spending, the market for ammunition has experienced significant developments, spurring both competition and collaboration across key players in the industry.
The ammunition market is typically divided into various segments based on different characteristics such as caliber, product type, guidance technology, lethality, and application. The diverse range of ammunition types available caters to various needs, from law enforcement and military defense to recreational shooting sports and hunting. Caliber refers to the diameter of a bullet and plays a significant role in determining the type of firearm it can be used with. Small caliber ammunition is typically used in handguns and rifles, while medium and large caliber rounds are employed in larger weapons systems such as military-grade firearms, tanks, and artillery.
In terms of product type, ammunition is further divided into rimfire and centerfire, referring to the way the primer is ignited in the cartridge. Rimfire ammunition is typically used in smaller-caliber guns, while centerfire ammunition is used in more powerful firearms. Guidance technologies in ammunition have also become increasingly important, with guided ammunition offering greater accuracy and efficiency, especially in military and defense applications. Non-guided ammunition, however, is still prevalent due to its lower cost and broader use in civilian markets.
The lethality of ammunition can range from less-lethal rounds used for law enforcement and crowd control to highly lethal rounds designed for combat and self-defense. These distinctions reflect the varying needs of different sectors and user groups. Lastly, the application of ammunition varies significantly between civil, commercial, military, and law enforcement sectors. Civil and commercial uses primarily involve sports, hunting, and self-defense, while defense-related applications, including military and law enforcement, focus on maintaining security and national defense.
The ammunition market's growth prospects are influenced by an array of global trends. These include the increasing need for personal safety and security, a rising focus on homeland security in response to terrorism and other threats, and the growing interest in shooting sports and recreational activities. Geopolitical factors, such as regional conflicts and defense budgets, also play a significant role in shaping the market dynamics. For instance, countries with high defense expenditures tend to drive demand for large-caliber, high-lethality ammunition, whereas countries with stricter gun control regulations may experience a greater demand for less-lethal ammunition. Furthermore, emerging markets with growing interest in self-defense and hunting activities also contribute to market expansion.
Advancements in ammunition technology, such as the development of smart or guided ammunition, have further transformed the industry. These innovations not only enhance the performance and accuracy of ammunition but also contribute to reducing collateral damage, making ammunition more precise and safer to use in combat situations. In parallel, the market is experiencing an increasing emphasis on eco-friendly ammunition, driven by concerns about the environmental impact of lead-based bullets and the need for more sustainable solutions.
As the global ammunition market continues to evolve, manufacturers must adapt to a variety of changing trends, including regulatory pressures, technological advancements, and shifting consumer preferences. Overall, the ammunition industry is poised for continued growth, with emerging markets, technological innovations, and evolving defense strategies shaping the future of the sector.
Global Ammunition Market Recent Developments
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In August 2023, Lockheed Martin delivered a new series of precision-guided ammunition systems to NATO allies, focusing on improved accuracy and reduced collateral damage in urban combat.
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In February 2024, BAE Systems secured a $1.3 billion contract to supply the U.S. military with advanced ammunition, including next-generation guided shells. This development aligns with efforts to enhance precision strike capabilities.
Segment Analysis
The Global Ammunition Market is segmented by caliber into small, medium, and large, each catering to different needs across various industries. Small caliber ammunition, typically under 20mm, is the most widely used, especially in civilian applications such as handguns for self-defense and sport shooting. It is also used by law enforcement agencies globally. Medium caliber ammunition (20mm to 40mm) is primarily employed in military machine guns, vehicle-mounted guns, and grenade launchers. As defense spending increases, the demand for medium-caliber ammunition grows, especially in regions with heightened security concerns. Large caliber ammunition, exceeding 40mm, is predominantly used in military artillery, anti-aircraft weapons, and naval systems, where higher firepower and range are essential. This segment is driven by military and defense contracts, with a focus on enhancing combat capabilities and targeting precision.
In terms of product, the ammunition market is split between rimfire and centerfire types. Rimfire ammunition is often favored for its cost-effectiveness and ease of use, making it ideal for small firearms used in sports shooting and hunting. It is popular in the civilian market due to its affordability and widespread availability. Centerfire ammunition, on the other hand, is used in more powerful firearms, including military rifles, handguns, and shotguns. Known for its reliability and ability to withstand higher pressures, centerfire rounds dominate the defense sector, where precision and performance are crucial. The growing demand for advanced weaponry in both military and law enforcement sectors fuels the demand for centerfire ammunition, especially for tactical and combat scenarios.
The ammunition market is also segmented by guidance, with guided and non-guided munitions offering distinct advantages. Guided ammunition, such as smart bombs and precision-guided projectiles, is mainly used in military applications, where accuracy and minimizing collateral damage are priorities. As technological advancements continue, the demand for guided ammunition is expected to rise, particularly in high-stakes operations and modern warfare. Non-guided ammunition, however, is still widely used due to its lower cost and broader applicability. It remains the dominant choice for conventional military operations and law enforcement, providing effective firepower without the added complexity of guidance systems. Additionally, the market is segmented by lethality into less-lethal and lethal ammunition. Less-lethal ammunition is increasingly used in law enforcement, particularly for crowd control and subduing suspects without causing fatalities, while lethal ammunition is the standard in military operations and self-defense situations. Finally, the application segment reflects the broad range of uses for ammunition, from civil and commercial applications like sports, hunting, and self-defense, to defense applications involving military and law enforcement agencies. The civil sector’s demand is driven by recreational shooting, hunting, and personal safety concerns, while the defense sector’s demand is driven by national security needs and military operations worldwide.
Global Ammunition Segment Analysis
In this report, the Global Ammunition Market has been segmented by Caliber, Product, Guidance, Lethality, Application and Geography.
Global Ammunition Market, Segmentation by Caliber
The Global Ammunition Market has been segmented by Caliber into and Small, Medium, and Large.
The small caliber ammunition segment refers to cartridges with a diameter of less than 20 millimeters, typically used in firearms like handguns, rifles, and shotguns. These ammunition types are widely used in both civilian and military applications due to their versatility and ease of use. Small caliber ammunition is often employed for personal defense, law enforcement, and recreational shooting, making it one of the most popular segments within the global ammunition market.
Medium caliber ammunition, ranging from 20 millimeters to around 40 millimeters, is typically used in military applications, such as machine guns, cannons, and automatic grenade launchers. This ammunition is designed to deliver higher firepower and greater range compared to small caliber rounds. The demand for medium caliber ammunition is driven primarily by military procurement and defense sectors worldwide, as they rely on these rounds for a variety of combat situations.
Large caliber ammunition, with diameters exceeding 40 millimeters, is primarily used in military artillery, anti-aircraft guns, and naval weaponry. This segment requires sophisticated technology and specialized manufacturing processes due to the high demands placed on these rounds in terms of power and accuracy. The large caliber ammunition market is heavily influenced by defense spending and the need for advanced weaponry, making it a critical component of global military operations.
Global Ammunition Market, Segmentation by Product
The Global Ammunition Market has been segmented by Product into Rimfire and Centerfire.
Rimfire ammunition is a type of cartridge in which the priming compound is located in the rim of the cartridge case. It is commonly used in smaller caliber firearms, such as rifles and handguns, and is known for being more affordable and easier to produce. Rimfire ammunition is especially popular for training, hunting, and recreational shooting, which has led to its widespread use in both civilian and law enforcement sectors.
Centerfire ammunition, on the other hand, features a primer located in the center of the cartridge base. This type of ammunition is generally used in larger caliber firearms, including military rifles, pistols, and shotguns. Centerfire cartridges are known for their reliability and are able to withstand higher pressures, making them suitable for more powerful firearms. The centerfire segment holds a dominant position in the market, driven by its extensive use in defense, law enforcement, and commercial shooting.
Both rimfire and centerfire ammunition serve distinct purposes and are crucial for different firearm applications. While rimfire ammunition tends to be more affordable and commonly used for recreational and low-risk activities, centerfire ammunition is favored for high-performance and combat situations. As such, the demand for both product types will continue to evolve based on advancements in firearm technology and shifting market needs.
Global Ammunition Market, Segmentation by Guidance
The Global Ammunition Market has been segmented by Guidance into Guided and Non-Guided.
Guided ammunition refers to projectiles equipped with a guidance system that helps them track and adjust their trajectory to reach a designated target accurately. These types of munitions are typically used in precision military operations, such as missile systems, guided bombs, and smart artillery shells. The development and deployment of guided ammunition have been driven by technological advancements in targeting systems and the growing need for precision in modern warfare.
Non-guided ammunition, conversely, lacks any onboard guidance system and relies solely on the skill of the operator and the accuracy of the weapon system. Non-guided rounds include traditional artillery shells, small arms ammunition, and unguided bombs. Despite the rise of guided systems, non-guided ammunition remains the dominant form due to its lower cost, ease of production, and sufficient effectiveness in various combat situations.
The demand for guided ammunition is expected to increase as military forces around the world continue to prioritize precision strikes, especially in complex combat environments where minimizing collateral damage is a key consideration. However, non-guided ammunition will continue to maintain its relevance due to its widespread availability and cost-effective nature, especially in conventional warfare settings.
Global Ammunition Market, Segmentation by Lethality
The Global Ammunition Market has been segmented by Lethality into Less-Lethal and Lethal.
Less-lethal ammunition refers to rounds that are designed to incapacitate rather than kill, making them suitable for law enforcement and riot control. These include rubber bullets, bean bags, and plastic projectiles, which are primarily used for crowd control, subduing suspects, or situations where lethal force is not warranted. The growing emphasis on human rights and minimizing fatalities during law enforcement activities has driven the demand for less-lethal ammunition, especially in urban policing scenarios.
Lethal ammunition, on the other hand, is intended for use in situations where deadly force is required. This includes traditional firearms ammunition, such as bullets fired from rifles, handguns, and shotguns. The lethal ammunition market is largely driven by military and defense needs, but it also includes law enforcement applications, such as in self-defense scenarios. Due to the high demand for security and defense operations, lethal ammunition remains the dominant segment in the global market.
The balance between less-lethal and lethal ammunition is influenced by shifting social dynamics and legal regulations. While lethal ammunition continues to play a crucial role in military defense and self-defense applications, the rise of less-lethal alternatives offers a growing opportunity for law enforcement and security agencies looking for non-lethal solutions to manage risks and avoid unnecessary fatalities.
Global Ammunition Market, Segmentation by Application
The Global Ammunition Market has been segmented by Application into Civil & Commercial and Defense.
The civil and commercial ammunition market includes products designed for recreational use, hunting, self-defense, and law enforcement applications. This segment encompasses a wide variety of ammunition, including small caliber rounds for personal firearms, hunting cartridges, and ammunition for sport shooting. The increasing interest in recreational shooting and the rising demand for self-defense weapons have significantly contributed to the growth of the civil and commercial ammunition sector.
The defense segment of the ammunition market is primarily driven by military requirements, including firearms, artillery, and heavy weaponry. The defense sector remains the largest consumer of ammunition globally, with demand being influenced by geopolitical tensions, military modernization, and defense spending by governments. Military ammunition needs to meet high-performance standards to support various combat operations, including land, air, and sea-based warfare, which requires significant investment in technology and innovation.
Both the civil and commercial markets, along with defense, are experiencing growth, driven by factors such as increased firearm ownership, rising security concerns, and evolving defense strategies. While the defense sector continues to dominate the overall market in terms of value and volume, the civil and commercial segment plays a significant role in shaping market trends, especially in regions where civilian firearm ownership is common.
Global Ammunition Market, Segmentation by Geography
In this report, the Global Ammunition Market has been segmented by Geography into five regions; North America, Europe, Asia Pacific, Middle East and Africa and Latin America.
Global Ammunition Market Share (%), by Geographical Region, 2024
The Global Ammunition Market has been segmented by Geography into five regions: North America, Europe, Asia Pacific, Middle East and Africa, and Latin America.
North America holds a significant share of the global ammunition market, driven primarily by the high demand for both civilian and military ammunition. The United States is the largest contributor in this region due to its substantial defense spending and large civilian firearm ownership base. The military and defense sectors in North America continue to invest heavily in advanced ammunition technologies, including precision-guided munitions. Additionally, the growing interest in recreational shooting and hunting activities supports continued demand for ammunition in this region.
Europe is another key market for ammunition, with significant contributions from countries such as Russia, the United Kingdom, and Germany. The demand for ammunition in this region is influenced by defense and military requirements, along with increased focus on law enforcement and security forces. The region has seen a shift towards more advanced ammunition solutions, particularly in response to changing security concerns. In Asia Pacific, the ammunition market is experiencing growth due to increasing defense budgets and military modernization in countries like China and India. The Middle East and Africa also show growing demand for both defense-related ammunition and less-lethal options due to regional conflicts and security concerns. Lastly, Latin America represents a smaller yet expanding market driven by military spending and civilian applications, particularly in countries such as Brazil and Mexico.
Market Trends
This report provides an in depth analysis of various factors that impact the dynamics of Global Ammunition Market. These factors include; Market Drivers, Restraints and Opportunities Analysis.
Drivers, Restraints and Opportunity Analysis
Drivers:
- Rising Geopolitical Tensions
- Technological Advancements
- Increasing Defense Budgets
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Growing Civil and Commercial Demand: The growing civil and commercial demand for ammunition is a significant driver in the global ammunition market, fueled by several key trends. In particular, recreational activities like shooting sports, hunting, and self-defense are increasingly popular, contributing to a surge in civilian demand for firearms and ammunition. Sports shooting, whether for competition or leisure, has become a prominent activity in many countries, with individuals seeking higher quality, more reliable ammunition for various disciplines such as target shooting, clay pigeon shooting, and long-range shooting. As interest in these activities continues to rise, ammunition manufacturers are seeing a steady increase in demand for specialized ammunition designed to meet the precise needs of sports enthusiasts.
Hunting is another major driver behind the growing civil and commercial demand for ammunition. While hunting has long been a popular tradition, it is seeing a resurgence, especially in regions where outdoor activities are integral to the culture. The increase in recreational hunting, whether for big game, bird hunting, or small game, is driving demand for ammunition tailored to different hunting needs. This has led to the development of specialized rounds for specific game types and hunting environments, further fueling the market. Additionally, the growth of hunting tourism, with individuals traveling to various destinations for exotic hunts, has opened new avenues for the supply of ammunition. Manufacturers are increasingly focusing on delivering high-performance rounds that are accurate, consistent, and effective for a wide range of hunting scenarios.
Self-defense awareness is also a contributing factor to the rise in civil and commercial ammunition demand. With increasing concerns about personal safety and security, many individuals are purchasing firearms for self-defense purposes, which in turn drives the need for ammunition. As people seek to enhance their preparedness for potential threats, there is a growing market for self-defense ammunition, including compact and concealed carry rounds that offer both power and ease of use. This demand is particularly strong in regions with higher crime rates or where gun ownership for self-defense is more prevalent. As a result, manufacturers are responding with ammunition products that are tailored to meet the specific needs of civilian users, with a focus on reliability, stopping power, and versatility. This growing interest in self-defense, alongside recreational shooting and hunting, solidifies the position of civil and commercial demand as a key driver in the global ammunition market.
Restraints:
- Stringent Government Regulations
- High Production Costs
- Environmental Concerns
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Concerns over Civilian Access to Ammunition: The issue of civilian access to ammunition has become a significant point of contention and a notable restraint in the global ammunition market. In many regions, especially in the United States, there is a growing debate about gun control and the regulation of ammunition sales. This has led to increased calls for stricter laws and regulations governing the sale and distribution of ammunition to civilians. The growing concern over gun violence, mass shootings, and public safety has prompted governments and lawmakers to consider more stringent policies aimed at restricting access to firearms and ammunition.
These regulatory concerns can have a direct impact on the ammunition market. In countries where the government has implemented or is considering new legislation to regulate the sale of ammunition, manufacturers may face challenges in terms of reduced demand, increased compliance costs, and potential limitations on the number of products that can be sold. Stricter regulations may also impact the pricing and availability of ammunition, particularly for civilian consumers who may find it more difficult to purchase or possess certain types of ammunition. In some cases, laws restricting the sale of certain calibers or types of ammunition may limit the consumer base, particularly for individuals who use firearms for recreational shooting or self-defense purposes.
The public perception of firearms and ammunition, shaped by incidents of gun violence, has led to increased scrutiny from both lawmakers and the general public. This scrutiny has led to a rise in anti-gun and anti-ammunition advocacy movements, which push for more rigorous regulations on the possession and use of firearms and related products. These movements have influenced policy changes in several countries, including the implementation of background checks, ammunition registration requirements, and restrictions on high-capacity magazines.
In regions where ammunition sales are tightly regulated or banned, there is a risk that the market could become more fragmented. The black market for firearms and ammunition may grow as a result of these restrictions, leading to challenges in ensuring the safety and legality of ammunition distribution. In some cases, the demand for ammunition may shift from legal channels to illicit markets, which may compromise the quality, safety, and reliability of the products.
Additionally, the growing attention to the environmental and ethical implications of firearms ownership and use has prompted some governments to reconsider their policies related to civilian access to ammunition. There is a growing focus on ensuring that ammunition use is responsible and aligns with public safety priorities. These concerns over civilian access to ammunition can present challenges to the market, particularly in markets where stringent gun control laws are being enacted or discussed.
Despite these challenges, the ammunition market remains resilient. Many manufacturers are actively engaged in lobbying efforts to ensure that the regulations imposed on ammunition sales do not overly restrict consumer rights or access to products. Additionally, some companies are working with regulatory bodies to establish clear, reasonable, and balanced policies that ensure public safety while maintaining access to ammunition for legitimate purposes such as hunting, sports shooting, and self-defense.
As public concerns over gun violence continue to shape the regulatory landscape, the ammunition market must continue to adapt to these changes. The relationship between gun ownership and ammunition access is complex, and ongoing debates and policy shifts will continue to influence the market for years to come.
Opportunities:
- Technological Advancements in Ammunition
- Expansion in Emerging Markets
- Increase in Defense and Security Spending
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Rise in Shooting Sports and Hunting Activities: The growing interest in shooting sports and hunting represents a significant opportunity for the global ammunition market. Over the past decade, there has been a marked increase in the participation of individuals in recreational shooting activities, including target shooting, skeet shooting, and competitive shooting events. Similarly, hunting remains a popular outdoor activity, with millions of people worldwide participating in both recreational and competitive hunting events. These activities require specialized ammunition products, which has created a burgeoning market for high-performance ammunition designed for hunting and shooting sports.
The rise in participation in shooting sports and hunting activities can be attributed to several factors. One of the primary drivers is the increasing awareness and interest in self-defense, as many individuals seek to improve their proficiency with firearms for personal safety reasons. In addition, shooting sports are seen as a fun and challenging way to engage in physical activity while developing a skill set that requires focus, accuracy, and mental discipline. With the growing appeal of these activities, demand for ammunition is on the rise, particularly in markets where hunting and shooting are deeply ingrained in the culture.
The expansion of shooting sports and hunting events, both domestically and internationally, further drives the demand for ammunition. Competitive shooting events, such as the Olympics and other international tournaments, require high-quality ammunition to ensure that participants can perform at the highest levels. Similarly, hunting tourism has grown in recent years, with enthusiasts traveling to various regions for the chance to hunt game in unique environments. These activities create opportunities for ammunition manufacturers to offer specialized products tailored to the needs of these markets, such as long-range ammunition for precision shooting or specialized rounds for specific types of game.
In addition to traditional hunting and shooting sports, the development of new shooting sports disciplines has further contributed to the market's expansion. The rise of tactical shooting sports, which simulate real-world combat scenarios, and the growing popularity of indoor shooting ranges have all played a role in increasing demand for firearms and ammunition. These trends indicate that the shooting sports and hunting sectors will continue to offer substantial opportunities for manufacturers in the coming years.
Furthermore, as the global middle class grows, especially in emerging economies, more individuals are gaining access to firearms and ammunition for recreational use. This shift in consumer behavior has opened new markets for manufacturers to explore, including regions where hunting and shooting sports have not traditionally been as popular. As these regions develop their own cultures of hunting and shooting, the demand for ammunition is expected to increase, providing significant growth opportunities for the ammunition market.
The rise in shooting sports and hunting activities presents both a challenge and an opportunity for ammunition manufacturers. Companies must respond to the diverse needs of consumers by developing products that meet the specific requirements of different shooting disciplines and hunting environments. This requires a focus on product quality, safety, and performance, as well as an ability to innovate to meet changing consumer preferences. As demand for recreational shooting and hunting grows, ammunition manufacturers will need to continue to evolve and adapt to the needs of these expanding markets.
The continued rise in shooting sports and hunting activities indicates that the ammunition market will continue to experience growth, with new opportunities emerging in both established and emerging markets. The increased popularity of these activities not only drives demand for ammunition but also presents manufacturers with the chance to diversify their product portfolios and tap into new consumer segments. With the continued rise in interest, the future of the ammunition market looks promising, and shooting sports and hunting will play a key role in shaping that future.
Competitive Landscape Analysis
Key players in Global Ammunition Market include,
- Stanley Black & Decker, Inc.
- Amphenol Corporation
- LiSi Group
- Precision Castparts Corp.
- Safran SA
- Arconic
- Triumph Group
- Eaton
In this report, the profile of each market player provides following information:
- Company Overview and Product Portfolio
- Key Developments
- Financial Overview
- Strategies
- Company SWOT Analysis
- Introduction
- Research Objectives and Assumptions
- Research Methodology
- Abbreviations
- Market Definition & Study Scope
- Executive Summary
- Market Snapshot, By Caliber
- Market Snapshot, By Product
- Market Snapshot, By Guidance
- Market Snapshot, By Lethality
- Market Snapshot, By Application
- Market Snapshot, By Region
- Global Ammunition Market Dynamics
- Drivers, Restraints and Opportunities
- PEST Analysis
- Political Analysis
- Economic Analysis
- Social Analysis
- Technological Analysis
- Porter's Analysis
- Bargaining Power of Suppliers
- Bargaining Power of Buyers
- Threat of Substitutes
- Threat of New Entrants
- Competitive Rivalry
- Drivers, Restraints and Opportunities
- Market Segmentation
- Global Ammunition Market, By Caliber, 2021 - 2031 (USD Million)
- Small
- Medium
- Large
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Global Ammunition Market, By Product, 2021 - 2031 (USD Million)
- Rimfire
- Centerfire
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Global Ammunition Market, By Guidance, 2021 - 2031 (USD Million)
- Guided
- Non-Guided
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Global Ammunition Market, By Lethality, 2021 - 2031 (USD Million)
- Less-Lethal
- Lethal
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Global Ammunition Market, By Application, 2021 - 2031 (USD Million)
- Civil & Commercial
- Sports
- Hunting and Self Defense
- Defense
- Military
- Law Enforcement
- Civil & Commercial
- Global Ammunition Market, By Geography, 2021 - 2031 (USD Million)
- North America
- United States
- Canada
- Europe
- Germany
- United Kingdom
- France
- Italy
- Spain
- Nordic
- Benelux
- Rest of Europe
- Asia Pacific
- Japan
- China
- India
- Australia & New Zealand
- South Korea
- ASEAN (Association of South East Asian Countries)
- Rest of Asia Pacific
- Middle East & Africa
- GCC
- Israel
- South Africa
- Rest of Middle East & Africa
- Latin America
- Brazil
- Mexico
- Argentina
- Rest of Latin America
- North America
- Global Ammunition Market, By Caliber, 2021 - 2031 (USD Million)
- Competitive Landscape
- Company Profiles
- Northrop Grumman Corporation
- FN Herstal
- Olin Corporation
- General Dynamics Corporation
- BAE Systems, Inc.
- Rheinmetall Defense
- Nexter KNDS Group
- Hanwha Corporation
- ST Engineering
- Remington Arms Company LLC
- Vista Outdoor Operations LLC
- Company Profiles
- Analyst Views
- Future Outlook of the Market