Ammunition Market to surpass USD 48.8 Billion by 2032, Says Global Market Insights inc.
Ammunition Industry size is expected to register 5.6% CAGR between 2024 and 2032 propelled by rising terrorism activities and cross border conflicts.
Selbyville, Delaware, Oct. 10, 2024 (GLOBE NEWSWIRE) — Ammunition Market was valued at USD 30.6 billion in 2023 and is projected to be worth USD 48.8 billion by the end of 2032, as per a
In 2023, North America led the Ammunition Market with a revenue of USD 12.7 billion and is projected to grow at a CAGR of 5.1% from 2024 to 2032. The region’s heightened consumption of ammunition is attributed to the rising threat of terrorism and more permissive gun laws. Both defense and civilian sectors are keen on bolstering security and preparedness. Furthermore, the uptick in sports and hunting activities is set to play a pivotal role in the market’s expansion.
Ammunition Market Players
Companies including BAE Systems, CCI, Denel, Elbit Systems Ltd., Global Ordnance, Magtech, NAMMO AS, Nexter Munition, Northrop Grumman Corporation, Olin Corporation, Orbital ATK Inc, Poongsan Corporation, Remington Arms Company, Ruag Ammotech are some firms working in ammunition industry.
The ammunition industry research report includes in-depth coverage of the industry, with estimates & forecast in terms of revenue (USD Billion) and volume (Million Units) from 2018 to 2032, for the following segments:
Market, By Product Type
- Small Caliber
- Medium Caliber
- Large Caliber
- Artillery
- Mortar
Market, By Application
- Defense
- Civil
About Global Market Insights
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider, offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy, and biotechnology.
CONTACT: Aashit Tiwari Corporate Sales, USA Global Market Insights Inc. Toll Free: +1-888-689-0688 USA: +1-302-846-7766 Europe: +44-742-759-8484 APAC: +65-3129-7718 Email: [email protected]
