The global ammunition market is projected to grow from USD 18.08 Billion in 2016 to USD 21.98 Billion by 2021, at a CAGR of 3.98% from 2016 to 2021. The base year considered for the study is 2015, and the forecast period is from 2016 to 2021.

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This report provides an analysis of the ammunition market for the forecast period from 2019 to 2025. The report analyzes the factors that are driving and restraining the growth of the ammunition market as well as the challenges faced by this market. It also provides information on the growth opportunities for the market. The ammunition market is projected to grow from USD 25.9 billion in 2019 to USD 32.3 billion by 2025, at a CAGR of 3.73% during the forecast period. Key factors fueling the growth of the market are the increasing demand for ammunition due to a rise in the instances of cross-border conflicts and the rising incidences of asymmetric warfare across the globe.
Based on application, the ammunition market has been segmented into defense and civil & commercial. The civil & commercial application segment is projected to grow at a higher CAGR as compared to the defense segment during the forecast period. Increasing demand for ammunition from law enforcement agencies across the globe is fueling the growth of this segment of the market.
Based on the caliber, the market has been segmented into small, medium, large, and others. The small caliber segment is projected to grow at the highest CAGR during the forecast period. The growth of this segment can be attributed to the increased spending on small arms by the armed forces and law enforcement agencies of various countries across the globe.
Based on the product, the market has been segmented in bullets, aerial bombs, grenades, artillery shells, mortars, and others. The bullets segment is projected to grow at the highest CAGR from 2019 to 2025. Increased demand for bullets for sports and hunting activities is leading to the growth of this segment of the market.
There has been a significant increase in military expenditures in the Middle East region in the recent years. As a result, industries related to military products have been witnessing significant growth in the region. Over the past decades, production of arms has also increased in the Middle East region, thereby becoming a major business for the key countries of the region.
Some of the key market players operating in the global ammunition market include Orbital ATK Inc. (U.S.), Olin Corporation (U.S.), General Dynamics Corporation (U.S.), BAE Systems (U.K.), Remington Arms Company, LLC (U.S.), and Nammo AS (Norway), among others. These players have adopted various strategies, such as long-term contracts, new product launches, and agreements to strengthen their position in the global ammunition market.