Ammunition Market By Product Type (Centrefire, RimFire), By Caliber Size (Small, Medium, Large, Others), By Application (Defense, Civil and commercial): Global Opportunity Analysis and Industry Forecast, 2021-2031
The global ammunition market is envisioned to garner $31,717.4 million by 2031, growing from $21,980 million in 2021 at a CAGR of 3.9% from 2022 to 2031.
The term ammunition describes the projectiles and explosive charges used in small arms, artillery, and other firearms. The most common way to describe its size is in terms of caliber. The diameter of the projectile, measured in millimeters or inches, such as projectiles less than 20 mm, is known as the caliber. Small-arms weapons are defined as those with a diameter of 60 inches, whereas artillery weapons have bigger calibers. Many individuals participate in hunting and shooting as a hobby or sport, and they require ammunition to do so. As a result, the demand for ammunition in the hunting and sporting sector is quite high. Additionally, the growing popularity of shooting sports such as target shooting, clay pigeon shooting, and biathlon has contributed to the increased demand for ammunition in recent years. The ammunition market's growth in the hunting and sporting sector is expected to continue in the coming years as more people participate in these activities.
The production and use of ammunition can have negative environmental impacts, which have become a growing concern for both governments and consumers. Some of these impacts include pollution from the manufacturing process, waste from expended cartridges, and lead contamination from lead-based ammunition. In response to these concerns, many governments have implemented regulations aimed at reducing the environmental impact of ammunition production and use. For example, some countries have banned or restricted the use of lead-based ammunition, which can leach into the soil and water and harm wildlife.
The ammunition market has been growing steadily in recent years due to increasing demand from law enforcement agencies, military, and civilians. There is a growing demand for ammunition that is more accurate, reliable, and efficient. This has led to innovations in ammunition design and technology, such as new materials, coatings, and manufacturing processes. The ammunition market is not limited to military and law enforcement agencies. There is a growing demand for ammunition from civilians, particularly in regions where gun ownership is legal. Companies that can successfully expand into new markets could see significant growth opportunities.
The COVID-19 pandemic brought several uncertainties leading to severe economic losses as various businesses across the world were on a standstill. The pandemic caused disruptions to global supply chains, which affected the production and distribution of ammunition. In addition, restrictions on travel and gatherings resulted in the cancellation of many shooting events and competitions, which reduced the demand for ammunition. Moreover, government agencies and law enforcement increased their purchases of ammunition to ensure adequate supplies for their operations during the pandemic. The closure of shooting ranges and other recreational facilities resulted in a decrease in demand for ammunition in some areas.
The key players profiled in this report include Northrop Grumman Corporation, FN Herstal, Olin Corporation, General Dynamics Corporation, BAE Systems, Inc., Rheinmetall Defense, Nexter KNDS Group, Hanwha Corporation, ST Engineering, and Remington Arms Company LLC.
Key Benefits For StakeholdersThis report provides a quantitative analysis of the market segments, current trends, estimations, and dynamics of the ammunition market analysis from 2021 to 2031 to identify the prevailing ammunition market opportunities.
The market research is offered along with information related to key drivers, restraints, and opportunities.
Porter's five forces analysis highlights the potency of buyers and suppliers to enable stakeholders make profit-oriented business decisions and strengthen their supplier-buyer network.
In-depth analysis of the ammunition market segmentation assists to determine the prevailing market opportunities.
Major countries in each region are mapped according to their revenue contribution to the global market.
Market player positioning facilitates benchmarking and provides a clear understanding of the present position of the market players.
The report includes the analysis of the regional as well as global ammunition market trends, key players, market segments, application areas, and market growth strategies.
Key Market SegmentsBy ApplicationDefense
Civil and commercial
By Product TypeCentrefire
RimFire
By Caliber SizeSmall
Medium
Large
Others
By RegionNorth America
U.S.
Canada
Mexico
Europe
Germany
UK
France
Spain
Italy
Rest of Europe
Asia-Pacific
China
Japan
India
South Korea
Australia
Rest of Asia-Pacific
LAMEA
Brazil
Saudi Arabia
United Arab Emirates
South Africa
Rest of LAMEA
Key Market Players
Northrop Grumman
General Dynamics Corporation
Olin Corporation
BAE Systems
Nammo AS
RUAG
Nexter
Vista Outdoor Inc.
Rheinmetall and Hornady Manufacturing Company Inc.
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