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

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

large-bore refers to calibers with a diameter of 40 inches or larger. The miniature-bore historically refers to calibers with a diameter of 22 inches or smaller. The report mainly studies the global large-caliber ammunition market.

Market Overview:

The latest research study on the global Large Caliber Ammunition market finds that the global Large Caliber Ammunition market reached a value of USD 2967.73 million in 2022. It’s expected that the market will achieve USD 3747.2 million by 2028, exhibiting a CAGR of 3.96% during the forecast period.

Influence of COVID-19 Outbreak on Large Caliber Ammunition Industry Development

The whole world is dealing with covid-19, but at the same time, almost every country is continuing all military procurement, maintenance and manufacturing related to national defense departments, because national security is the most important and protecting soldiers is the primary requirement.

Major spending countries such as the United States and Russia spend a large part of their defense budgets. Non-prioritization of defense expenditure will depend on various other economic and social factors. Under covid-19, a big country like the United States has stopped all troop movements, missions and exercises. Their reduction of military exercises will reduce the engagement time, informal testing and equipment evaluation, and reduce the potential market development potential.

From the supply chain point of view, the global manufacturers of Large Caliber Ammunition encounter some difficulties in the supply chain, because many suppliers may face their own operational or financial challenges during this nationwide blockade. Meanwhile, raw material transportation and product delivery may be affected by covid-19.

Large Caliber Ammunition Industry Trends

Strength

The use of large caliber ammunition in the rocket-propelled grenade, tanks, naval gun,s and other industries is increasing, which is driving the growth of the global large caliber ammunition market.

The increase of national defense military expenditure.

The increase of regional conflicts and terrorist threats.

Weakness

The national military expenditure determines the local government's purchase quantity of Large Caliber Ammunition, so the national economic strength and military support determine the development of the market of Large Caliber Ammunition in various countries.

Opportunities

The continuous research and development of and the release of new products are expected to promote the growth of the Large Caliber Ammunition market.

Countries such as Saudi Arabia, United Arab Emirates, China, and India are supporting local manufacturing enterprises to meet the needs of their respective armed forces, thus helping local enterprises to occupy an important share of the studied market.

Threat

The differences between countries' relations and the laws and regulations of war equipment in different countries will limit the growth of the large caliber ammunition market to some extent.

The epidemic has had a certain impact on the supply chain of large-caliber ammunition, mainly in product manufacturing and delivery.

Region Overview:

North America was the largest revenue market with a market share of 34.63% in 2016 and 34.65% in 2021, an increase of 0.02%. In 2021, the Europe market share was 31.19%, ranking second.

Company Overview:

The top three companies are BAE Systems, CNIGC, Tecmash with a revenue market share of 9.24%, 6.70%, and 5.87% in 2020.

Segmentation Overview:

Among different product types, the Large caliber ammunition (115-125 mm) segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Rocket-Propelled Grenade segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Large Caliber Ammunition market covered in Chapter 3:

Northrop Grumman
Day & Zimmermann
CNIGC
BAE Systems
Zavod Plastmass
Nexter Group
DIEHL Defence
Poongsan Corporation
Leonardo
General Dynamics Corp
Rheinmetall
FAMAE
Nammo AS

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

Large caliber ammunition (40-110 mm)
Large caliber ammunition (115-125 mm)
Large caliber ammunition (130-155 mm)

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

Rocket-Propelled Grenade
Tank
Naval gun
Others

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)