Ammunition Market - Trends Forecast Till 2028

Market Overview

The global Ammunition market size is projected to reach USD 25 billion by 2026 at a CAGR of 3.8% from USD 21 billion in 2021 during the forecast period 2021-2028.

Ammunition or ammo is the material that is, scattered dropped or detonated from a weapon. It can be either a component of the weapon arc n be an expendable part of it. These are designed to create a particular effect on the target. There is igniting material which helps in the firing of such ammunitions like primers, fuzes, and gunpowder.

With the rising military expenditure across the globe along with the changed nature of warfare are some of the factors that have supported long-term expansion for Ammunition Market.

The COVID-19 pandemic is causing widespread concern and economic hardship for consumers, businesses, and communities across the globe. Disrupted supply chains along with cuts in expenditure on defense have led to a marginal decrease in the market.

Regional Analysis

North America is expected to be the largest market during the forecast period. With raised incidents of terrorism and surge in number of drug cartels have led to growth in the market in the region.

Insights are provided for each region and major countries within the regions

Competitive Landscape

Key Players

• Northrop Grumman Corporation
• General Dynamics Corporation
• CBC Global Ammunition
• Olin Corporation
• Ruag Ammotec
• BAE Systems
• Thales Group
• Rheinmetal AG
• Nexter KNDS group
• Elbit Systems
• Nammo AS
• ST Engineering

Recent Developments

• In July 2020, French Army offered a contract to the Nexter KNDS Group for the supply of 70,000 modular artillery loads for use on the CAESAR system.
• In July 2020, US Army offered a contract to Northrop Grumman Corporation in order to deliver the next-generation airburst cartridge for the 30mm XM813 Bushmaster Chain Gun which will be installed on the Stryker Infantry Carrier Vehicle (ICV).

Reasons to Acquire

• Increase your understanding of the market for identifying the best and suitable strategies and decisions on the basis of sales or revenue fluctuations in terms of volume and value, distribution chain analysis, market trends and factors
• Gain authentic and granular data access for Ammunition market so as to understand the trends and the factors involved behind changing market situations
• Qualitative and quantitative data utilization to discover arrays of future growth from the market trends of leaders to market visionaries and then recognize the significant areas to compete in the future
• In-depth analysis of the changing trends of the market by visualizing the historic and forecast year growth patterns

Report Scope