Ammunition Market Trends, Business Overview, Industry Growth and Forecast to 2028

The global ammunition market size was estimated at USD 20.40 billion in 2019 and is expected to exhibit a CAGR of 3% during the forecast period. Increased hostilities and terrorist activity are expected to increase demand as the procurement of defense equipment by armies around the world surges. Small caliber ammunition is emerging as one of the fastest moving sectors as the demand for light sports shooting activities using pistols and rifles increases. In addition, technological advances such as the development of lightweight bullets using polymer casings are expected to further contribute to growth.

 

The major companies include:

• Poongsan Defense
• IMI (Israel Military Industries)
• General Dynamics
• Day & Zimmermann
• Rheinmetall Defence
• Leonardo
• Bazalt
• Zavod Plastmass
• National Presto
• China North Industries Corp (NORINCO)
• CSGC

by Type, 

• Small Caliber Ammunition
• Medium Caliber Ammunition
• Large Caliber Ammunition

 by Application

• Military
• Law Enforcement
• Civilian

 

Scope of the Report

The research study analyzes the global Ammunition industry from 360-degree analysis of the market thoroughly delivering insights into the market for better business decisions, considering multiple aspects some of which are listed below as:

Recent Developments

o Market Overview and growth analysis
o Import and Export Overview
o Volume Analysis
o Current Market Trends and Future Outlook
o Market Opportunistic and Attractive Investment Segment

Geographic Coverage

o North America Market Size and/or Volume
o Latin America Market Size and/or Volume
o Europe Market Size and/or Volume
o Asia-Pacific Market Size and/or Volume
o Rest of the world Market Size and/or Volume

Key Questions Answered by Ammunition Market Report

• What is the market growth rate?
• Which segment and region dominate the market in the base year?
• Which segment and region will project the fastest growth in the market?
• How has COVID-19 impacted the market?
  • Deviation from the pre-COVID-19 forecast
  • Most affected region and segment
• Who is the leader in the market?
• How players are addressing challenges to sustain growth?
• Where is the investment opportunity?