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Ammunition Market Share

Report ID: GMI261
Published Date: Sep 2024
Report Format: PDF

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Ammunition Market Share

The ammunition industry, with prominent players, such as Northrop Grumman Corporation, CBC Global Ammunition, BAE Systems, Thales Group, holds a market share of ~50%. Manufacturers are adopting strategic steps, such as mergers, acquisitions, partnerships, and collaborations, to meet the growing consumer demand and consolidate their position in the market.

Ammunition Market Companies

Major players operating in the industry include:

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 Ammotec

Authors: Suraj Gujar, Partha Paul

Frequently Asked Questions (FAQ) :

The industry size for ammunition was valued at USD 30.6 billion in 2023 and is anticipated to register a 5.6% CAGR between 2024 and 2032 led by increasing terrorism activities and cross-border conflicts

The small caliber product type segment in the ammunition market is expected to grow at a 5.3% CAGR from 2024-2032 backed by usage in various applications, such as shotgun pistols, assault rifles, rifles, and revolvers

North America market is expected to grow at a 5.1% CAGR from 2024-2032 owing to the growing threat of terrorism, combined with lenient gun laws ?

BAE Systems, CCI, Denel, Elbit Systems Ltd., Remington Arms Company, Global Ordnance, Magtech, NAMMO AS, Nexter Munition, Northrop Grumman Corporation, Olin Corporation, Orbital ATK Inc, and Poongsan Corporation