The global Ammunition market size is predicted to grow from US$ 30390 million in 2025 to US$ 14600 million in 2031; it is expected to grow at a CAGR of -11.5% from 2025 to 2031.
Ammunition encompasses materials designed for use in various weapon systems, including those that are fired, scattered, dropped, or detonated. This category includes both expendable items, such as bombs, missiles, grenades, and land mines, as well as component parts like bullets and warheads that interact with targets to achieve desired effects. Ammunition is essential for the operation of mechanical weapons, supporting a wide range of applications from individual self-defense to large-scale military engagements. It plays a pivotal role in both offensive and defensive strategies, and its significance spans military, law enforcement, and civilian sectors.
Market Trends and Developments
The global ammunition market is currently influenced by several critical trends. The ongoing geopolitical tensions and military conflicts, notably the Russia-Ukraine war and the Palestinian-Israeli conflict, have significantly increased the demand for military propellants and explosives. These conflicts are driving nations to boost their defense budgets and invest in advanced munitions to enhance their military capabilities and ensure national security. This surge in demand is evident in the increased focus on long-range artillery systems capable of striking targets at extended distances. Military forces are also prioritizing precision-guided artillery shells to improve accuracy, minimize collateral damage, and enhance the overall effectiveness of their strikes. Additionally, the rise in unmanned aerial systems (UAS) has led to a growing need for artillery shells equipped with non-lethal and counter-UAS capabilities to effectively neutralize hostile drones while reducing the risk of collateral damage.
Key Players and Market Distribution
The ammunition industry is marked by its relatively low technology barriers and high labor intensity. Key players in the global market include prominent companies such as Orbital ATK, Vista Outdoors, Olin Corporation (Winchester Ammunition), Ruag Group (Ruag Ammotec AG), FN Herstal, and Nammo. Among these, the top three鈥擮rbital ATK, Vista Outdoors, and China North Industries Corp (NORINCO)鈥攃ommand a significant portion of the market, holding over 22% of the global market share collectively. The United States and Europe are the leading regions in terms of consumption, accounting for approximately 47% of the global volume. This dominance is driven by the substantial demand for ammunition across both military and civilian applications within these regions. As the industry progresses, advancements in ammunition technology, including precision-guided munitions and counter-UAS capabilities, are expected to further shape market dynamics and drive future growth.
The 鈥淎mmunition Industry Forecast鈥� looks at past sales and reviews total world Ammunition sales in 2024, providing a comprehensive analysis by region and market sector of projected Ammunition sales for 2025 through 2031. With Ammunition sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Ammunition industry.
This Insight Report provides a comprehensive analysis of the global Ammunition landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Ammunition portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms鈥� unique position in an accelerating global Ammunition market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Ammunition and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Ammunition.
This report presents a comprehensive overview, market shares, and growth opportunities of Ammunition market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
Small Caliber Ammunition
Medium Caliber Ammunition
Large Caliber Ammunition
Segmentation by Application:
Military
Law Enforcement
Civilian
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
Northrop Grumman
Vista Outdoors
Olin Corporation
Ruag Group
FN Herstal
Nammo
BAE Systems
Poongsan Defense
Elbit Systems
Hornady
Rio Ammunition
General Dynamics
CBC Ammo Group
Australian Munitions
Nexter
Poongsan Corporation
Day & Zimmermann
Rheinmetall
Rostec
National Presto
Fiocchi
Kent
Sellier & Bellot
Tura莽 D谋艧 Ticaret
Aguila Ammunition
Nobel Sport
Cheddite
Medef Defence
BPS Bal谋kesir
Ozkursan Ammunition
Hull Cartridge
Challenger
NORINCO
CSGC
Wuhan Guide Infrared
Key Questions Addressed in this Report
What is the 10-year outlook for the global Ammunition market?
What factors are driving Ammunition market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Ammunition market opportunities vary by end market size?
How does Ammunition break out by Type, by Application?
Please Note - This is an on demand report and will be delivered in 2 business days (48 hours) post payment.
1 Scope of the Report
1.1 Market Introduction
1.2 Years Considered
1.3 Research Objectives
1.4 Market Research Methodology
1.5 Research Process and Data Source
1.6 Economic Indicators
1.7 Currency Considered
1.8 Market Estimation Caveats
2 Executive Summary
2.1 World Market Overview
2.1.1 Global Ammunition Annual Sales 2020-2031
2.1.2 World Current & Future Analysis for Ammunition by Geographic Region, 2020, 2024 & 2031
2.1.3 World Current & Future Analysis for Ammunition by Country/Region, 2020, 2024 & 2031
2.2 Ammunition Segment by Type
2.2.1 Small Caliber Ammunition
2.2.2 Medium Caliber Ammunition
2.2.3 Large Caliber Ammunition
2.3 Ammunition Sales by Type
2.3.1 Global Ammunition Sales Market Share by Type (2020-2025)
2.3.2 Global Ammunition Revenue and Market Share by Type (2020-2025)
2.3.3 Global Ammunition Sale Price by Type (2020-2025)
2.4 Ammunition Segment by Application
2.4.1 Military
2.4.2 Law Enforcement
2.4.3 Civilian
2.5 Ammunition Sales by Application
2.5.1 Global Ammunition Sale Market Share by Application (2020-2025)
2.5.2 Global Ammunition Revenue and Market Share by Application (2020-2025)
2.5.3 Global Ammunition Sale Price by Application (2020-2025)
3 Global by Company
3.1 Global Ammunition Breakdown Data by Company
3.1.1 Global Ammunition Annual Sales by Company (2020-2025)
3.1.2 Global Ammunition Sales Market Share by Company (2020-2025)
3.2 Global Ammunition Annual Revenue by Company (2020-2025)
3.2.1 Global Ammunition Revenue by Company (2020-2025)
3.2.2 Global Ammunition Revenue Market Share by Company (2020-2025)
3.3 Global Ammunition Sale Price by Company
3.4 Key Manufacturers Ammunition Producing Area Distribution, Sales Area, Product Type
3.4.1 Key Manufacturers Ammunition Product Location Distribution
3.4.2 Players Ammunition Products Offered
3.5 Market Concentration Rate Analysis
3.5.1 Competition Landscape Analysis
3.5.2 Concentration Ratio (CR3, CR5 and CR10) & (2023-2025)
3.6 New Products and Potential Entrants
3.7 Market M&A Activity & Strategy
4 World Historic Review for Ammunition by Geographic Region
4.1 World Historic Ammunition Market Size by Geographic Region (2020-2025)
4.1.1 Global Ammunition Annual Sales by Geographic Region (2020-2025)
4.1.2 Global Ammunition Annual Revenue by Geographic Region (2020-2025)
4.2 World Historic Ammunition Market Size by Country/Region (2020-2025)
4.2.1 Global Ammunition Annual Sales by Country/Region (2020-2025)
4.2.2 Global Ammunition Annual Revenue by Country/Region (2020-2025)
4.3 Americas Ammunition Sales Growth
4.4 APAC Ammunition Sales Growth
4.5 Europe Ammunition Sales Growth
4.6 Middle East & Africa Ammunition Sales Growth
5 Americas
5.1 Americas Ammunition Sales by Country
5.1.1 Americas Ammunition Sales by Country (2020-2025)
5.1.2 Americas Ammunition Revenue by Country (2020-2025)
5.2 Americas Ammunition Sales by Type (2020-2025)
5.3 Americas Ammunition Sales by Application (2020-2025)
5.4 United States
5.5 Canada
5.6 Mexico
5.7 Brazil
6 APAC
6.1 APAC Ammunition Sales by Region
6.1.1 APAC Ammunition Sales by Region (2020-2025)
6.1.2 APAC Ammunition Revenue by Region (2020-2025)
6.2 APAC Ammunition Sales by Type (2020-2025)
6.3 APAC Ammunition Sales by Application (2020-2025)
6.4 China
6.5 Japan
6.6 South Korea
6.7 Southeast Asia
6.8 India
6.9 Australia
6.10 China Taiwan
7 Europe
7.1 Europe Ammunition by Country
7.1.1 Europe Ammunition Sales by Country (2020-2025)
7.1.2 Europe Ammunition Revenue by Country (2020-2025)
7.2 Europe Ammunition Sales by Type (2020-2025)
7.3 Europe Ammunition Sales by Application (2020-2025)
7.4 Germany
7.5 France
7.6 UK
7.7 Italy
7.8 Russia
8 Middle East & Africa
8.1 Middle East & Africa Ammunition by Country
8.1.1 Middle East & Africa Ammunition Sales by Country (2020-2025)
8.1.2 Middle East & Africa Ammunition Revenue by Country (2020-2025)
8.2 Middle East & Africa Ammunition Sales by Type (2020-2025)
8.3 Middle East & Africa Ammunition Sales by Application (2020-2025)
8.4 Egypt
8.5 South Africa
8.6 Israel
8.7 Turkey
8.8 GCC Countries
9 Market Drivers, Challenges and Trends
9.1 Market Drivers & Growth Opportunities
9.2 Market Challenges & Risks
9.3 Industry Trends
10 Manufacturing Cost Structure Analysis
10.1 Raw Material and Suppliers
10.2 Manufacturing Cost Structure Analysis of Ammunition
10.3 Manufacturing Process Analysis of Ammunition
10.4 Industry Chain Structure of Ammunition
11 Marketing, Distributors and Customer
11.1 Sales Channel
11.1.1 Direct Channels
11.1.2 Indirect Channels
11.2 Ammunition Distributors
11.3 Ammunition Customer
12 World Forecast Review for Ammunition by Geographic Region
12.1 Global Ammunition Market Size Forecast by Region
12.1.1 Global Ammunition Forecast by Region (2026-2031)
12.1.2 Global Ammunition Annual Revenue Forecast by Region (2026-2031)
12.2 Americas Forecast by Country (2026-2031)
12.3 APAC Forecast by Region (2026-2031)
12.4 Europe Forecast by Country (2026-2031)
12.5 Middle East & Africa Forecast by Country (2026-2031)
12.6 Global Ammunition Forecast by Type (2026-2031)
12.7 Global Ammunition Forecast by Application (2026-2031)
13 Key Players Analysis
13.1 Northrop Grumman
13.1.1 Northrop Grumman Company Information
13.1.2 Northrop Grumman Ammunition Product Portfolios and Specifications
13.1.3 Northrop Grumman Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.1.4 Northrop Grumman Main Business Overview
13.1.5 Northrop Grumman Latest Developments
13.2 Vista Outdoors
13.2.1 Vista Outdoors Company Information
13.2.2 Vista Outdoors Ammunition Product Portfolios and Specifications
13.2.3 Vista Outdoors Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.2.4 Vista Outdoors Main Business Overview
13.2.5 Vista Outdoors Latest Developments
13.3 Olin Corporation
13.3.1 Olin Corporation Company Information
13.3.2 Olin Corporation Ammunition Product Portfolios and Specifications
13.3.3 Olin Corporation Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.3.4 Olin Corporation Main Business Overview
13.3.5 Olin Corporation Latest Developments
13.4 Ruag Group
13.4.1 Ruag Group Company Information
13.4.2 Ruag Group Ammunition Product Portfolios and Specifications
13.4.3 Ruag Group Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.4.4 Ruag Group Main Business Overview
13.4.5 Ruag Group Latest Developments
13.5 FN Herstal
13.5.1 FN Herstal Company Information
13.5.2 FN Herstal Ammunition Product Portfolios and Specifications
13.5.3 FN Herstal Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.5.4 FN Herstal Main Business Overview
13.5.5 FN Herstal Latest Developments
13.6 Nammo
13.6.1 Nammo Company Information
13.6.2 Nammo Ammunition Product Portfolios and Specifications
13.6.3 Nammo Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.6.4 Nammo Main Business Overview
13.6.5 Nammo Latest Developments
13.7 BAE Systems
13.7.1 BAE Systems Company Information
13.7.2 BAE Systems Ammunition Product Portfolios and Specifications
13.7.3 BAE Systems Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.7.4 BAE Systems Main Business Overview
13.7.5 BAE Systems Latest Developments
13.8 Poongsan Defense
13.8.1 Poongsan Defense Company Information
13.8.2 Poongsan Defense Ammunition Product Portfolios and Specifications
13.8.3 Poongsan Defense Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.8.4 Poongsan Defense Main Business Overview
13.8.5 Poongsan Defense Latest Developments
13.9 Elbit Systems
13.9.1 Elbit Systems Company Information
13.9.2 Elbit Systems Ammunition Product Portfolios and Specifications
13.9.3 Elbit Systems Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.9.4 Elbit Systems Main Business Overview
13.9.5 Elbit Systems Latest Developments
13.10 Hornady
13.10.1 Hornady Company Information
13.10.2 Hornady Ammunition Product Portfolios and Specifications
13.10.3 Hornady Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.10.4 Hornady Main Business Overview
13.10.5 Hornady Latest Developments
13.11 Rio Ammunition
13.11.1 Rio Ammunition Company Information
13.11.2 Rio Ammunition Ammunition Product Portfolios and Specifications
13.11.3 Rio Ammunition Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.11.4 Rio Ammunition Main Business Overview
13.11.5 Rio Ammunition Latest Developments
13.12 General Dynamics
13.12.1 General Dynamics Company Information
13.12.2 General Dynamics Ammunition Product Portfolios and Specifications
13.12.3 General Dynamics Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.12.4 General Dynamics Main Business Overview
13.12.5 General Dynamics Latest Developments
13.13 CBC Ammo Group
13.13.1 CBC Ammo Group Company Information
13.13.2 CBC Ammo Group Ammunition Product Portfolios and Specifications
13.13.3 CBC Ammo Group Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.13.4 CBC Ammo Group Main Business Overview
13.13.5 CBC Ammo Group Latest Developments
13.14 Australian Munitions
13.14.1 Australian Munitions Company Information
13.14.2 Australian Munitions Ammunition Product Portfolios and Specifications
13.14.3 Australian Munitions Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.14.4 Australian Munitions Main Business Overview
13.14.5 Australian Munitions Latest Developments
13.15 Nexter
13.15.1 Nexter Company Information
13.15.2 Nexter Ammunition Product Portfolios and Specifications
13.15.3 Nexter Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.15.4 Nexter Main Business Overview
13.15.5 Nexter Latest Developments
13.16 Poongsan Corporation
13.16.1 Poongsan Corporation Company Information
13.16.2 Poongsan Corporation Ammunition Product Portfolios and Specifications
13.16.3 Poongsan Corporation Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.16.4 Poongsan Corporation Main Business Overview
13.16.5 Poongsan Corporation Latest Developments
13.17 Day & Zimmermann
13.17.1 Day & Zimmermann Company Information
13.17.2 Day & Zimmermann Ammunition Product Portfolios and Specifications
13.17.3 Day & Zimmermann Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.17.4 Day & Zimmermann Main Business Overview
13.17.5 Day & Zimmermann Latest Developments
13.18 Rheinmetall
13.18.1 Rheinmetall Company Information
13.18.2 Rheinmetall Ammunition Product Portfolios and Specifications
13.18.3 Rheinmetall Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.18.4 Rheinmetall Main Business Overview
13.18.5 Rheinmetall Latest Developments
13.19 Rostec
13.19.1 Rostec Company Information
13.19.2 Rostec Ammunition Product Portfolios and Specifications
13.19.3 Rostec Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.19.4 Rostec Main Business Overview
13.19.5 Rostec Latest Developments
13.20 National Presto
13.20.1 National Presto Company Information
13.20.2 National Presto Ammunition Product Portfolios and Specifications
13.20.3 National Presto Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.20.4 National Presto Main Business Overview
13.20.5 National Presto Latest Developments
13.21 Fiocchi
13.21.1 Fiocchi Company Information
13.21.2 Fiocchi Ammunition Product Portfolios and Specifications
13.21.3 Fiocchi Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.21.4 Fiocchi Main Business Overview
13.21.5 Fiocchi Latest Developments
13.22 Kent
13.22.1 Kent Company Information
13.22.2 Kent Ammunition Product Portfolios and Specifications
13.22.3 Kent Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.22.4 Kent Main Business Overview
13.22.5 Kent Latest Developments
13.23 Sellier & Bellot
13.23.1 Sellier & Bellot Company Information
13.23.2 Sellier & Bellot Ammunition Product Portfolios and Specifications
13.23.3 Sellier & Bellot Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.23.4 Sellier & Bellot Main Business Overview
13.23.5 Sellier & Bellot Latest Developments
13.24 Tura莽 D谋艧 Ticaret
13.24.1 Tura莽 D谋艧 Ticaret Company Information
13.24.2 Tura莽 D谋艧 Ticaret Ammunition Product Portfolios and Specifications
13.24.3 Tura莽 D谋艧 Ticaret Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.24.4 Tura莽 D谋艧 Ticaret Main Business Overview
13.24.5 Tura莽 D谋艧 Ticaret Latest Developments
13.25 Aguila Ammunition
13.25.1 Aguila Ammunition Company Information
13.25.2 Aguila Ammunition Ammunition Product Portfolios and Specifications
13.25.3 Aguila Ammunition Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.25.4 Aguila Ammunition Main Business Overview
13.25.5 Aguila Ammunition Latest Developments
13.26 Nobel Sport
13.26.1 Nobel Sport Company Information
13.26.2 Nobel Sport Ammunition Product Portfolios and Specifications
13.26.3 Nobel Sport Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.26.4 Nobel Sport Main Business Overview
13.26.5 Nobel Sport Latest Developments
13.27 Cheddite
13.27.1 Cheddite Company Information
13.27.2 Cheddite Ammunition Product Portfolios and Specifications
13.27.3 Cheddite Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.27.4 Cheddite Main Business Overview
13.27.5 Cheddite Latest Developments
13.28 Medef Defence
13.28.1 Medef Defence Company Information
13.28.2 Medef Defence Ammunition Product Portfolios and Specifications
13.28.3 Medef Defence Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.28.4 Medef Defence Main Business Overview
13.28.5 Medef Defence Latest Developments
13.29 BPS Bal谋kesir
13.29.1 BPS Bal谋kesir Company Information
13.29.2 BPS Bal谋kesir Ammunition Product Portfolios and Specifications
13.29.3 BPS Bal谋kesir Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.29.4 BPS Bal谋kesir Main Business Overview
13.29.5 BPS Bal谋kesir Latest Developments
13.30 Ozkursan Ammunition
13.30.1 Ozkursan Ammunition Company Information
13.30.2 Ozkursan Ammunition Ammunition Product Portfolios and Specifications
13.30.3 Ozkursan Ammunition Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.30.4 Ozkursan Ammunition Main Business Overview
13.30.5 Ozkursan Ammunition Latest Developments
13.31 Hull Cartridge
13.31.1 Hull Cartridge Company Information
13.31.2 Hull Cartridge Ammunition Product Portfolios and Specifications
13.31.3 Hull Cartridge Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.31.4 Hull Cartridge Main Business Overview
13.31.5 Hull Cartridge Latest Developments
13.32 Challenger
13.32.1 Challenger Company Information
13.32.2 Challenger Ammunition Product Portfolios and Specifications
13.32.3 Challenger Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.32.4 Challenger Main Business Overview
13.32.5 Challenger Latest Developments
13.33 NORINCO
13.33.1 NORINCO Company Information
13.33.2 NORINCO Ammunition Product Portfolios and Specifications
13.33.3 NORINCO Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.33.4 NORINCO Main Business Overview
13.33.5 NORINCO Latest Developments
13.34 CSGC
13.34.1 CSGC Company Information
13.34.2 CSGC Ammunition Product Portfolios and Specifications
13.34.3 CSGC Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.34.4 CSGC Main Business Overview
13.34.5 CSGC Latest Developments
13.35 Wuhan Guide Infrared
13.35.1 Wuhan Guide Infrared Company Information
13.35.2 Wuhan Guide Infrared Ammunition Product Portfolios and Specifications
13.35.3 Wuhan Guide Infrared Ammunition Sales, Revenue, Price and Gross Margin (2020-2025)
13.35.4 Wuhan Guide Infrared Main Business Overview
13.35.5 Wuhan Guide Infrared Latest Developments
14 Research Findings and Conclusion
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*If Applicable.
