Artillery types

Global Ammunition Market Report 2022: Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars – Analysis and Forecast 2016-2021, 2021-2026F, 2031F – ResearchAndMarkets.com

DUBLIN–(BUSINESS WIRE)–The “Global Ammunition Market Report 2022” report has been added to from ResearchAndMarkets.com offer.

The global ammunition market is expected to grow from $23.75 billion in 2021 to $24.54 billion in 2022 at a compound annual growth rate (CAGR) of 3.35%. The ammunition market is expected to reach $27.77 billion in 2026 at a compound annual growth rate (CAGR) of 3.14%.

North America was the largest region in the ammunition market in 2021. Asia-Pacific is expected to be the fastest growing region during the forecast period. Regions covered in the Ammunition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.

Rising personal safety concerns and increasing firing ranges are propelling the growth of the ammunition market. Increase in terrorist activity, mass shootings, increase in gangster activity and growing awareness of self-defense are the main reasons for growing concerns about personal safety, while growing awareness of safe use firearms is the main reason for the increase in firing ranges.

These growing personal safety concerns and increased ranges of fire have led to the increased purchase of small caliber ammunition for personnel safety. For example, according to a survey commissioned in June 2021 by a nonpartisan American think tank, the Pew Research Center, 44% of Republicans and Republican-leaning independents personally own a gun, compared to 20% of Democrats and Democratic leanings. . 39% of men own a firearm, compared to 22% of women.

Additionally, 41% of adults in rural areas own a gun, compared to about 29% of those in suburbs and 2 in 10 in cities. The main reason for owning a gun and a firearm was for security or personal protection. Hence, rising prevalence of growing personal safety concerns and increasing firing ranges are expected to drive the demand for ammunition over the forecast period.

R&D activity to develop advanced ammunition is a key ammunition market trend. Key players and relevant stakeholders are increasingly focusing on research and development activities to advance ammunition. The increasing incidence of international armed conflicts has prompted several countries to strengthen their military forces by purchasing advanced ammunition and equipment.

As a result, defense expenditures for ammunition procurement and R&D activities have increased significantly around the world in recent years. For example, in April 2021, Lonestar Future Weapons, an American advanced technology company focused on manufacturing next-generation defense solutions, formed a strategic alliance with an American manufacturer of composite cased ammunition True Velocity to create synergy utilizing both companies’ expertise in R&D, precision manufacturing, quality control and production efficiency. The alliance will focus on the research and development of next-generation weapons and ammunition solutions.

The ammunition market includes ammunition sales by entities (organizations, independent traders, and partnerships) that refer to materials such as bullets, rockets, bombs, shrapnel, or shells that are fired, dispersed , dropped or exploded from any weapon. Ammunition comes in a range of types and sizes that are often designed to work only in specific weapon systems. Ammunition is a throwable weapon along with the components of other weapons that produce the effect on a target.

The main ammunition products are bullets, aerial bombs, grenades, artillery shells and mortars. Bullets refer to the kinetic projectile, part of a firearm’s ammunition that is fired from a rifle barrel. Bullets are made of different materials such as lead, copper, steel, polymer, wax and rubber.

Small, medium, large and other caliber ammunition is used in equipment with a different operating mechanism that includes an unguided and guided mechanism. They are used for both defense and civil and commercial applications.

Key Players of Ammunition Market are

  • Northrop Grumman Company

  • General Dynamics Society

  • CBC World Ammo

  • Olin Company

  • Ruag Ammotec

  • BAE systems

  • Thales Group

  • Rheinmetall AG

  • Nexter KNDS Group

  • Elbit systems

  • Nammo AS

  • Ammunition Inc

  • Indian munitions factories

  • SAAB AB

  • Hanwha Company

  • Arsenal JSCo

Main topics covered:

1. Summary

2. Characteristics of the ammunition market

3. Ammunition Market Trends and Strategies

4. Impact of COVID-19 on ammunition

5. Ammunition Market Size and Growth

5.1. Global Historical Ammunition Market, 2016-2021, Billion USD

5.1.1. Market Drivers

5.1.2. Market Constraints

5.2. Global Ammunition Forecast Market, 2021-2026F, 2031F, Billion USD

5.2.1. Market Drivers

5.2.2. Market Constraints

6. Ammunition Market Segmentation

6.1. Global Ammunition Market, Segmentation by Product, History and Forecast, 2016-2021, 2021-2026F, 2031F, Billion USD

  • Balls

  • Aerial bombs

  • pomegranates

  • Artillery shells

  • Mortars

6.2. Global Ammunition Market Segmentation by Caliber, History and Forecast, 2016-2021, 2021-2026F, 2031F, Billion USD

  • Little

  • Medium

  • Big

  • Other calibers

6.3. Global Ammunition Market, Segmentation by Guidance Mechanism, History and Forecast, 2016-2021, 2021-2026F, 2031F, Billion USD

6.4. Global Ammunition Market, Segmentation by Application, History and Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion

  • Defense

  • Civil & Commercial

7. Regional and Country Analysis of Ammunition Market

7.1. Global Ammunition Market, Split by Region, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion

7.2. Global Ammunition Market, Split by Country, Historical & Forecast, 2016-2021, 2021-2026F, 2031F, USD Billion

For more information on this report, visit https://www.researchandmarkets.com/r/nvaa0o.