Global Ammunition Primers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Ammunition Primers Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

The ammunition primer is one component of ammunition. When the gun's firing pin strikes the primer cap, the priming mixture is crushed between the cap and the anvil. This causes the priming mixture to explode, sending a stream of hot gases through the flash hole and into the cartridge case. The stream of hot gas rapidly increases the temperature and pressure inside the cartridge case, igniting the propellant powder. Thus, the purpose of a primer is to ignite the propellant powder in a given cartridge.

Market Overview:

The latest research study on the global Ammunition Primers market finds that the global Ammunition Primers market reached a value of USD 558.97 million in 2022. It’s expected that the market will achieve USD 816.44 million by 2028, exhibiting a CAGR of 6.52% during the forecast period.

Development opportunities brought about by the Russian-Ukrainian war

After the Russian-Ukrainian conflict broke out in late February 2022, U.S. President Biden immediately announced that the United States would provide Ukraine with $350 million in military aid. On March 16, 2022, Biden announced an additional $800 million in security assistance to Ukraine. Meanwhile, Russia's conflict with Ukraine has led to a growing bipartisan consensus in the United States to increase the already-raised defense budget, weeks after Congress approved its largest-ever defense spending bill. At the same time, other countries have provided military assistance to Ukraine. The increased duration of the war between Russia and Ukraine will further open up opportunities for the Ammunition Primers market.

Growing personal safety concerns and increasing shooting ranges are driving market growth

Ammunition Primers are available in different calibers of pistols, shotguns and rifles. Rising purchase of small-caliber ammunition by people for personal safety and increasing number of shooting ranges will propel the growth of the market. Growing terrorism and mass shootings lead to increased risks to personal safety. According to CSIS data, 2020 and 2021 will see the highest number of domestic terrorist attacks and conspiracies. In 2021, there will be 73 terrorist attacks and conspiracies in the United States. The death toll will increase from five in 2020 to 30 in 2021. The need to go to the shooting range has increased due to fear of terrorist events. Hence, this increases the demand for ammunition, thereby propelling the growth of the Ammunition Primers market.

Rising military spending by countries further boosts the Ammunition Primers market

Government militaries have been the primary end market for Ammunition Primers products. According to new data on global military spending published by the Stockholm International Peace Research Institute (SIPRI), World military spending continued to grow in 2021, reaching an all-time high of $2.1 trillion. This was the seventh consecutive year that spending increased. The five largest spenders in 2021 were the United States, China, India, the United Kingdom and Russia, together accounting for 62 per cent of expenditure. The United States led the ranking of countries with highest military spending in 2021, with 801 billion U.S. dollars dedicated to the military. That constituted 38 percent of the total military spending worldwide that year, which amounted to 2.1 trillion U.S. dollars. China, the world's second largest spender, allocated an estimated $293 billion to its military in 2021, an increase of 4.7 per cent compared with 2020. Hence, the increase in global military spending is expected to drive the Ammunition Primers market demand growth.

Region Overview:

On the basis of region, China is projected to grow at the highest rate, taking up 14.40% of the market share in 2027.

Company Overview:

Cheddite is one of the major players operating in the Ammunition Primers market, holding a share of 11.26% in 2022.
The major players operating in the Ammunition Primers market include Cheddite, Federal, CCI, Winchester, Remington, etc. Among these, Cheddite ranked top in terms of sales and revenue in 2022.

As of the beginning of August 2022, all shares in RUAG Ammotec, the small-caliber ammunition division of RUAG International, will be transferred to Beretta Holding. Beretta Holding is the family-owned market leader in light firearms for hunting, sport, and defense. As a result, it is also taking over all 2,700 employees at all Ammotec production and sales sites. In the parliamentary process, the sale of Ammotec had been confirmed in the fall of 2021, as stipulated by the Federal Council. With the completion of the sale of Ammotec, RUAG International is taking an important step towards becoming an agile company focused on the space market.

Segmentation Overview:

By type, Large Rifle segment accounted for the largest share of market in 2022.

The market for Large Rifle segment is expected to grow at the highest CAGR from 2022 to 2027, comparing to other product types.

Application Overview:

Defense segment by application is expected to show promising growth during the forecast period from 2022 to 2027, reaching a market share of 76.11% in 2027 from 77.07% in 2022.
By application, the Defense segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Ammunition Primers market covered in Chapter 3:

Unis Ginex
Remington
JSC Murom Apparatus Producing plant
Federal
Fiocchi 
Cheddite
RUAG Ammotec
CCI
Companhia Brasileira de Cartuchos
Armscor
Winchester

In Chapter 4 and Chapter 14.2, on the basis of types, the Ammunition Primers market from 2018 to 2029 is primarily split into:

Small Rifle
Large Rifle
Small Pistol
Shotgun Shells
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Ammunition Primers market from 2018 to 2029 covers:

Civil & Commercial
Defense

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)