AMMUNITION MARKET ANALYSIS

Ammunition Market, By Type (Large caliber ammunitions, Medium caliber ammunitions, Small caliber ammunitions, Artillery ammunitions, Mortar ammunitions, Naval ammunitions, and Aircraft ammunitions)By Product (Small arm ammunition, Rockets, Torpedoes, Missiles and warheads, Bombs (grenade and rocket bombs), and Miscellaneous (mines and other explosives)), By Application (Defense, Homeland Security, and Others (Personal, R&D, entertainment, and fire services)), By Geography (North America, Latin America, Asia Pacific, Europe, Middle East, and Africa)

Published In : Feb 2025
Code : CMI4679
Pages :150
Formats :
Excel and PDF
Industry : Aerospace and Defense

Ammunition Market Size and Trends

The global ammunition market is estimated to be valued at US$ 32,103.4 Mn in 2025 and is expected to reach US$ 40,050.0 Mn by 2032, exhibiting a compound annual growth rate (CAGR) of 3.2% from 2025 to 2032.

Ammunition Market Key Factors

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The global ammunition market has witnessed a rise over the past decade due to increasing defense expenditures of countries and growing internal security threats. Law enforcement agencies and national militaries across both developed and developing nations have boosted their ammunition stocking to deal with issues like terrorism, border conflicts, and political instability. Additionally, the popularity of recreational shooting and hunting has expanded the consumer segment of this industry. Innovations in ammunition design have allowed manufacturers to develop more effective and high-performance bullets. However, strict regulations on ammunition trade and sales to civilian users in some parts of the world may moderately challenge market growth going forward.