Global Ammunition Market is expected to reach $25 Billion by 2024 from $15.6 Billion in 2016, growing at a CAGR of 6.0% from 2016 to 2024. By geography, Asia Pacific and North America are expected to grow at a CAGR of 6.8% and 6.1%, respectively, during the forecast period.

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Major drivers of global ammunition market are increasing spending by government on military ammunition and growing threats from terrorist & cross-border disputes. Furthermore, growing popularity of shooting as a sports activity and rising demand for ammunition used for training the various armed forces also boosts the growth of the market.

Type, caliber, application and geography are the major segments of global ammunition market. Type segment includes full metal jacketed, incendiary, tracer, armour piercing and others. Caliber comprises small caliber, mortar ammunition, medium caliber, artillery ammunition and shotgun shells. Small caliber accounted for the highest market share in 2016 and expected to remain the largest from 2016 to 2024. Moreover, application is further categorized into military, law enforcement and commercial. Military accounted the half of share in the global ammunition market owning to ceasefire violations, terrorist attacks, cross border disputes and among others.

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North America, Europe, Asia-Pacific and RoW are the key regions covered in the market. Asia Pacific is anticipated to grow at a fastest CAGR from 2016 to 2024, driven by growing defense budget, increasing presence of terrorism and increased participation in sports activities. Europe accounts the largest share of the market with 30.78% in the year 2016.

The key market players are BAE Systems, Nammo AS, Maxam, General Dynamics Corporation, Federal Premium Ammunition, Remington Arms Company, Inc., Olin Corporation, RUAG Holding A.G., Orbital ATK Inc., Hornady Manufacturing Company, Inc., Fiocchi Munizioni S.p.A., and Remington Arms Company.

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Scope of Ammunition Market
Type Segments
• Full Metal Jacketed
• Tracer
• Incendiary
• Armour Piercing
• Others
Caliber Segments
• Small Caliber
• Medium Caliber
• Mortar Ammunition
• Artillery Ammunition
• Shotgun Shells
Application Segments
• Military
• Law Enforcement
• Commercial
Geography Segments
• North America
o US
o Canada
o Mexico
• Europe
o Russia
o U.K.
o Germany
o France
o Italy
o Others
• Asia-Pacific
o China
o India
o Japan
o South Korea
o Others
• RoW
o South America
o Middle East
o Africa

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