Ammunition Market - Growth, Trends, and Forecast (2019 - 2024)

The Ammunition Market is segmented by Type (Small Caliber, Medium Caliber, Large Caliber, and Mortar and Artillery Ammunition), Application (Non-lethal and Lethal), End User (Civilian and Military), and Geography.

Market Snapshot

ammunition over
Study Period:

2016-2024

Base Year:

2018

Fastest Growing Market:

Asia Pacific

Largest Market:

Asia Pacific

Key Players:

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Market Overview

The ammunition market (henceforth, referred to as the market studied) is anticipated to register a CAGR of above 3% during the forecast period.

  • Over the past few years, there have been several terrorist attacks across the world, thereby leading to increased safety concerns among people. The threat of terrorism is forcing the armed forces to procure arms and ammunition to improve safety. This is generating the demand for ammunition market.
  • The uncertainties in territorial rights between many countries are also fueling the growth of the ammunition market.
  • The increase in military spending, along with an increase in procurement of advanced land, sea, and air vehicles, and development of advanced weapons systems are expected to open future opportunities for the ammunition market.

Scope of the Report

The market study includes the procurement of small caliber, medium caliber, large caliber, and mortar and artillery ammunition for civilian and military purposes. The military segment includes procurements by the military (army, navy, and air force), homeland security, local law enforcement agencies, border security forces, and special forces.

Type
Small Caliber
Medium Caliber
Large Caliber
Mortar and Artillery Ammunition
Application
Non-lethal
Lethal
End User
Civilian
Military
Geography
North America
United States
Canada
Europe
United Kingdom
France
Germany
Rest of Europe
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Saudi Arabia
United Arab Emirates
Rest of Middle East & Africa

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Key Market Trends

Military Segment Accounts for a Major Market Share in 2018

The military segment currently dominates the market studied, and it is expected to continue its domination, in terms of market share, over the forecast period. This is due to the increase in procurement of ammunition by the armed forces, local enforcement agencies, and border security forces to subdue the threats arising due to terrorism, territorial conflicts, and geopolitical tensions. The use of armaments, like 54 Mk-45 Mod 1/2, 62 Mk-45 Mod 4, Phalanx CIWS, and M242 Bushmaster, among others on destroyers; GAU-22/A 4-barrel rotary cannon, Gryazev-Shipunov GSh-30-1 autocannon, and Mauser BK-27 revolver cannon, among others on aircraft; 12.7 mm MG turret, 40 mm L/70 autocannon, 30 mm automatic Grenade Launcher, and PKT coaxial machine gun, among others on land armored vehicles may require huge inventories of ammunition of different types. Thereby, procurements of such vehicles are expected to generate the demand for the ammunition. Additionally, the investments of countries to manufacture high impact, more lethal, greater accuracy, and low weight ammunition that produces no muzzle flash or traces are propelling the growth of this segment.

ammunition seg

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The Middle East & Africa Region is Anticipated to Experience the Highest CAGR During the Forecast Period

The Middle East & Africa region is anticipated to register the highest growth rate during the forecast period. According to the SIPRI, arms imports by countries in the Middle East increased by 87%, between 2009–2013 and 2014–2018. This increase is mainly due to increased procurements of Saudi Arabia, Egypt, UAE, and Iraq, which received 33%, 15%, 11%, and 11% of arms imports of the region, respectively. Additionally, over the same period, the imports from Kuwait and Israel increased by around 350%, while Egypt, Qatar, and Oman had a growth of about 200%. The market studied in these countries is expected to grow further, owing to the ongoing procurements of new combat aircraft and armored vehicles, which may generate the demand for the respective ammunition used in those vehicles.   

ammunition geo

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Competitive Landscape

The prominent players in the ammunition market are BAE Systems PLC, Rheinmetall AG, Nexter Systems SA, General Dynamics Corporation, and Northrop Grumman Corporation. The increasing need for arms and ammunition is allowing the countries to strengthen their local and government-owned ammunition companies. Countries, like Saudi Arabia, UAE, China, and India, among others, are supporting local manufacturing companies to facilitate the need of their respective armed forces and law enforcement agencies, thereby helping the local companies to have a significant share in the market studied.

Major Players

  1. BAE Systems PLC
  2. Rheinmetall AG
  3. Nexter Group
  4. General Dynamics Corporation
  5. Northrop Grumman Corporation

* Complete list of players covered available in the table of contents below

ammunition CL

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Deliverables

    2. 1.2 Study Assumptions

    3. 1.3 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Market Overview

    2. 4.2 Market Drivers

    3. 4.3 Market Restraints

    4. 4.4 Porter's Five Forces Analysis

      1. 4.4.1 Bargaining Power of Buyers/Consumers

      2. 4.4.2 Bargaining Power of Suppliers

      3. 4.4.3 Threat of New Entrants

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Intensity of Competitive Rivalry

  5. 5. MARKET SEGMENTATION

    1. 5.1 Type

      1. 5.1.1 Small Caliber

      2. 5.1.2 Medium Caliber

      3. 5.1.3 Large Caliber

      4. 5.1.4 Mortar and Artillery Ammunition

    2. 5.2 Application

      1. 5.2.1 Non-lethal

      2. 5.2.2 Lethal

    3. 5.3 End User

      1. 5.3.1 Civilian

      2. 5.3.2 Military

    4. 5.4 Geography

      1. 5.4.1 North America

        1. 5.4.1.1 United States

        2. 5.4.1.2 Canada

      2. 5.4.2 Europe

        1. 5.4.2.1 United Kingdom

        2. 5.4.2.2 France

        3. 5.4.2.3 Germany

        4. 5.4.2.4 Rest of Europe

      3. 5.4.3 Asia-Pacific

        1. 5.4.3.1 China

        2. 5.4.3.2 India

        3. 5.4.3.3 Japan

        4. 5.4.3.4 South Korea

        5. 5.4.3.5 Rest of Asia-Pacific

      4. 5.4.4 Latin America

        1. 5.4.4.1 Mexico

        2. 5.4.4.2 Brazil

        3. 5.4.4.3 Rest of Latin America

      5. 5.4.5 Middle East & Africa

        1. 5.4.5.1 Saudi Arabia

        2. 5.4.5.2 United Arab Emirates

        3. 5.4.5.3 Rest of Middle East & Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Vendor Market Share

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 Winchester Ammunition (Olin Corporation)

      2. 6.4.2 RUAG Group

      3. 6.4.3 Vista Outdoor

      4. 6.4.4 Northrop Grumman Corporation

      5. 6.4.5 Global Ordnance

      6. 6.4.6 CBC

      7. 6.4.7 Mesko

      8. 6.4.8 Nammo AS

      9. 6.4.9 BAE Systems PLC

      10. 6.4.10 Rheinmetall AG

      11. 6.4.11 Nexter Group

      12. 6.4.12 General Dynamics Corporation*

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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