Global Ammunition Market was valued at USD 20.03 billion in 2022 and expected to grow at a CAGR of 4.2% during the forecast period.
Ammunition, also known as rounds, refers to the various types of materials, such as bullets, shells, or cartridges, used in guns, firearms, and other weapons. Ammunition is an essential component of the defence and security industries, and is also used in hunting, sports shooting, and other recreational activities.
Ammunition is manufactured using a variety of materials, including lead, copper, brass, and steel, and can be designed for different types of firearms, such as pistols, rifles, and shotguns. The type of ammunition used is dependent on the intended use, such as for self-defenses, target shooting, hunting, or military operations.
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Report Scope:
Ammunition can be categorized into various types based on factors such as calibre, weight, shape, and intended use. Some common types of ammunition include bullets, shells, cartridges, and rounds. Bullets are the projectiles fired from firearms, while shells are typically used in shotguns and contain multiple pellets. Cartridges are a combination of a bullet, powder, and primer, and are commonly used in pistols and rifles.
The global ammunition market is expected to experience significant growth in the coming years, driven by increasing demand for firearms and ammunition for personal safety, hunting and recreational activities, as well as by rising government spending on military and defence. However, the market is also subject to strict regulations and safety standards, which can impact market growth and supply chain operations.
The ammunition market is a vital component of the defence and security industry, as well as the hunting, sports shooting, and other recreational activities. The market is expected to experience significant growth in the coming years due to rising demand for firearms and ammunition for personal safety and recreation, as well as increasing government spending on military and defence.
However, the ammunition market is also subject to strict regulations and safety standards, which can impact market growth and supply chain operations. The market is highly competitive, with a few major players dominating the industry. These companies invest heavily in research and development to improve their products’ efficiency and performance, while also ensuring compliance with regulatory standards.
Impact of COVID
The COVID-19 pandemic has had a significant impact on the ammunition market, as it has on many other industries. The pandemic led to disruptions in supply chains, reduced manufacturing capacity, and changes in consumer demand, all of which have affected the ammunition market.
The pandemic-induced lockdowns and travel restrictions led to a surge in demand for firearms and ammunition, particularly in the United States, where gun sales reached record levels. However, the pandemic also resulted in disruptions to the production and transportation of ammunition components, which impacted the availability of ammunition in the market. Many ammunition manufacturers were also forced to reduce their production capacity due to health and safety regulations and staffing issues.
Moreover, the pandemic has also affected the demand for ammunition, with some segments experiencing a decline in demand due to the cancellation of hunting and sports shooting events, among other factors. The pandemic has also led to budget constraints for government spending on military and defence, which could impact the demand for ammunition in the long run.
Overall, the COVID-19 pandemic has had a mixed impact on the ammunition market, with some segments experiencing growth while others have been impacted by disruptions to supply chains and changes in consumer demand.
Caliber Insights
Small Caliber: Small calibre ammunition is primarily used in handguns and rifles for personal defence, hunting, and sports shooting. This segment includes ammunition with a calibre of up to 20mm. The market for small calibre ammunition is dominated by a few key players, including Olin Corporation, General Dynamics Corporation, and Vista Outdoor Inc.
Rockets & Missiles: Rockets & missiles ammunition include larger caliber ammunition used in military applications, such as anti-aircraft missiles, anti-tank missiles, and rocket-propelled grenades (RPGs). The market for rockets & missiles ammunition is dominated by a few key players, including Lockheed Martin Corporation, Raytheon Company, and MBDA.
In terms of market share, the small calibre ammunition segment is the largest, accounting for more than 60% of the global ammunition market. The rockets & missiles segment accounts for the remaining 40% of the market. The demand for small calibre ammunition is expected to continue to grow due to the increasing popularity of sports shooting and personal defence, while the demand for rockets & missiles ammunition is expected to remain stable due to ongoing military conflicts and the need for national defence.
Application Insights
Rimfire ammunition is a type of small ammunition where the primer is located around the rim of the cartridge base. It is commonly used for recreational shooting and small game hunting due to its low recoil and low cost.
Centrefire ammunition is a type of small ammunition where the primer is located at the centre of the cartridge base. It is commonly used for self-defence, hunting, and military applications due to its higher power and accuracy compared to rimfire ammunition.
End-use Insights
Civil & commercial segment includes ammunition used by civilian gun owners for activities such as hunting, sport shooting, and self-defence.
Défense segment includes ammunition used by armed forces and law enforcement agencies for various applications such as combat operations, training exercises, and law enforcement activities.
Market Segmentation:
By Caliber
Small,
Rockets & Missiles
By Small Ammunition Product
Rimfire,
Centrefire
By End-use
Civil & Commercial,
Défense
Key Player:
Some of the major companies operating within the market are
Northrop Grumman Corporation,
FN Herstal,
Olin Corporation,
General Dynamics Corporation,
BAE Systems, Inc.,
Rheinmetall Défense,
Nexter KNDS Group,
Hanwha Corporation,
ST Engineering,
Remington Arms Company LLC,
Vista Outdoor Operations LLC.
These players are focusing on product innovation, expansion, and partnerships to strengthen their market position and meet the growing demand for Ammunition globally.
Regional Analysis:
North America is expected to have a significant share in the ammunition market due to high defence spending by the US government and the presence of major ammunition manufacturers in the region.
Europe is also expected to have a significant share in the ammunition market due to the increasing demand for ammunition for military operations and law enforcement activities.
Asia Pacific is expected to witness significant growth in the ammunition market due to increasing defence budgets and the modernization of armed forces in countries such as China, India, and South Korea.
Latin America and Middle East & Africa are also expected to witness growth in the ammunition market due to increasing defence spending and the presence of regional conflicts.
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Reasons to Purchase this Report:
The report provides quantitative and qualitative aspect for the market in terms of value and volume, along with supporting market trends, challenges, restraints.
The report provides an in-depth analysis from both production and consumption point of view at the regional and country level. Key Factors considered within the report scope are Production capacity by countries/regions, average price, consumption ratio, revenue earned and gross margin.
The report provides competitive analysis of around 30-50 companies operated in the market, these companies are bifurcated into niche players, the leaders and major contenders. The companies are analyzed in terms of following factors such as:
- Business Model
- Production Capacity, Revenue, Sales, Gross Margin
- Key Business Strategy
- SWOT Analysis
In terms of competitive landscape, the report provides distinctive factors that would help the end user in taking a key decision within the business:
- Company Share Analysis from 2018-2022
- Company Analysis by Revenue and Sales
- Company Production Capacity, Gross Margin
- Company Share Analysis by Application/End Use
- Company Share Analysis by Product/Specification
Key Points:
- Define, describe and forecast Ammunition market by type, application, end user and region.
- Provide strategies for company to deal with the impact of COVID-19.
- Provide enterprise external environment analysis and PEST analysis.
- Provide market dynamic analysis, including market driving factors, market development constraints.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy.
- Provide market entry strategy analysis for new players or players who are ready to enter the market, including market segment definition, client analysis, distribution model, product messaging and positioning, and price strategy analysis.
- Keep up with international market trends and provide analysis of the impact of the COVID-19 epidemic on major regions of the world.
- Analyze the market opportunities of stakeholders and provide market leaders with details of the competitive landscape.
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