Dublin, Dec. 20, 2023 (GLOBE NEWSWIRE) -- The "Global Ammunition Market Size, Share & Trends Analysis Report by Caliber (Small, Medium, Large, Rockets & Missiles), Small Ammunition Product (Rimfire, Centerfire), End-use, Region, and Segment Forecasts, 2024-2030" report has been added to ResearchAndMarkets.com's offering.
The global ammunition market size is expected to reach USD 36.75 billion by 2030. It is expected to decline at a CAGR of -11.3% from 2024 to 2030.
Increasing investments in defense equipment by militaries on account of the rise in geopolitical tension across the globe are anticipated to drive the demand for ammunition in the estimated time. Increasing procurement of artillery and mortar platforms by the Indian Army over the next ten years through several development platforms is expected to raise the number of ammunition over the forecast period. Additionally, the rise in hostilities is expected to ascend the demand for ammunition in the Middle Eastern countries in the projected time frame.
Technological innovations for the replacement of brass-based bullet cases using polymer-based bullet cases are expected to offer growth prospects to the market. The application of polymer materials in bullets reduces the ammunition weight by over 40%, wherein the impact of the same is unaffected, thereby making the ammunition lighter and more accurate when compared to conventional bullets. Rising geopolitical issues, warlike situations, and increasing terrorist activities across the globe are leading to the rise in stockpiling of ammunition by prominent militaries and armed forces. This strategy is likely to offer cost savings as the ammunition is purchased in high volume at cheap prices. This is anticipated to support the market growth in the estimated time.
Hunting in the European Union has led to an accumulation legacy of lead discharged from spent ammunition. This lead exhibits harmful toxic effects on the wildlife, environment, and humans who consume the hunted game meat. Thus, non-toxic lead substitutes for both shotgun and rifle ammunition have been developed and required in some jurisdictions of the European Union. In the European Union, more than 25 companies manufacture or distribute lead-free shotgun ammunition and further 14 companies distribute lead-free rifle ammunition. However, the wide transition in terms of using lead-free ammunition has been resisted by ammunition-making and hunting communities in the region.
Ammunition Market Report Highlights
- By caliber, small caliber emerged as the second largest segment in 2023 majorly due to a wide range of applications including assault rifles, handguns, and pistons
- Based on product, the centerfire segment accounted for the largest revenue share in 2023 and is projected to witness the fastest growth over the forecast period as it is defined as a universal standard in most of the defense forces across the globe
- On the basis of end-use, the defense segment emerged as the largest segment in 2023 majorly due to rising ammunition procurement by homeland security forces
- Europe held a dominant revenue share of 71.33% in 2023. In Europe, directives are provided by the government for the possession of firearms, the supply of firearms in a single market, and a protocol against manufacturing and trafficking of firearms
Companies Profiled
- Northrop Grumman
- FN Herstal
- Olin
- General Dynamics
- BAE Systems
- Rheinmetall Defense
- Nexter KNDS Group
- Hanwha
- ST Engineering
- Remington Arms
- Vista Outdoor Operations
- Chemring Group
- MAXAMCorp
- Denel SOC
- RUAG Group
- Poongsan
- Nammo
- Nosler
- CBC Ammo
- Sierra Bullets
- Starline Brass,
- Hornady Manufacturing
- Winchester Ammunition
- Jageman Stamping
- Ammo
Key Topics Covered:
Chapter 1 Methodology and Scope
Chapter 2 Executive Summary
Chapter 3 Ammunition Market Variables, Trends & Scope
3.1 Market Lineage/Ancillary Outlook
3.2 Ammunition Market- Value Chain Analysis
3.3 Technology Overview
3.4 Regulatory Framework
3.4.1 Regulations on Lead Ammunition
3.5 Ammunition - Market Dynamics
3.5.1 Market Driver Analysis
3.5.1.1 Rising Global military expenditure
3.5.1.2 Rising Terrorism and Political Violence
3.5.2 Market Restraint analysis
3.5.2.1 Rising Arms Trafficking
3.5.3 Industry Challenges
3.5.3.1 Challenge of Arms & Ammunition Market Proliferation
3.5.4 Growth Opportunity Assessment
3.5.4.1 Rise of stockpiling trends
3.6 Ammunition Market - Business Environment Analysis Tools
3.7 Major Deals & Strategic Alliances Analysis
3.8 Case Studies
3.9 Capacity Expansion Plans and Their Impact on the Industry
3.9.1 Production Capacity Increases and Shutdowns
3.10 Market Disruption Analysis
Chapter 4 Ammunition Market: Caliber Estimates & Trend Analysis
4.1 Key Takeaways
4.2 Caliber Market Share Analysis, 2023 & 2030
4.3 Small Caliber
4.4 Medium Caliber
4.5 Large Caliber
4.6 Rockets & Missiles, and Others
Chapter 5 Small Ammunition Market: Product Estimates & Trend Analysis
5.1 Key Takeaways
5.2 Product Market Share Analysis, 2023 & 2030
5.3 Rimfire
5.4 Centerfire
Chapter 6 Ammunition Market: End-use Estimates & Trend Analysis
6.1 Key Takeaways
6.2 End-use Market Share Analysis, 2023 & 2030
6.3 Civil & Commercial (Sporting, Hunting, Self-Defense, and Others)
6.4 Defense (Military, Law Enforcement)
Chapter 7. Ammunition Market: Regional Estimates & Trend Analysis
Chapter 8 Ammunition Market - Competitive Analysis
Chapter 9 Ammunition Market Data Analysis
9.1 Inputs Including the Sales of Various Ammunition Products
9.2 Use of Ammunition Across Various Applications
9.3 Analysis of Market Segments
Chapter 10 Price Trend Analysis
10.1 Ammunition Market Price Trend Analysis
Chapter 11 Analyst's Perspective
Chapter 12 Recommendations
For more information about this report visit https://www.researchandmarkets.com/r/4lc71o
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