Ammunition Market Growth Analysis & Forecast Report | 2023-2030

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Ammunition Market 2023-2030 Growth Forecast
Industry Share Report
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• Industry Insights

• The ammunition market is poised to register
  significant growth through 2030 owing to
  increasing international conflicts. In addition,
  a surge in sporting competitions and demand for
  recreational shooting is also likely to
  positively impact market growth in the forecast
  timeframe.
• Moreover, key players in this industry have been
  engaging in rigorous research and development
  activities related to ammunitions, which have
  benefited the product landscape. For instance, in
  July 2022, AMMO Inc., the owner of GunBroker.com
  and a prominent player in the ammunition market,
  announced the retention of CORE IR, which will
  assist the firm with shareholder communications
  and investor relations. CORE IR agreed to help
  AMMO expand market awareness by promoting its
  growth strategies and business model to retail
  investments and institutional communities.

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• Moreover, with prevalent geo-political
  instability, countries around the world are
  trying to increase their ammunition production,
  fostering product outlook. To cite an instance,
  in July 2022, the Latvian Ministry of Defense
  introduced compulsory military service and
  announced its plans to create a state capital
  company to supply the country with ammunition.
  This plan was intended to aid the growth of
  private sector companies in the sector.
• On the basis of application, the market has been
  divided into civil and defense. The defense
  segment is expected to register robust growth at
  a CAGR of about 4.3 through the study timeline
  on account of surging prevalence of terrorism.

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• Regional Analysis

North America ammunition industry is anticipated
to grow at a rate of about 4.1 CAGR through
2030. Increasing efforts by the U.S. government
to control terrorism and ensure the safety of its
citizens are speculated to impel regional
business progress.

• Competitive Analysis

• BAE Systems, CCI, Global Ordnance, Elbit Systems
  Ltd., NAMMO AS, Magtech, Denel, Northrop Grumman
  Corporation, Nexter Group, and Ruag Ammotech.
  Companies are continuously seeking opportunities
  for growth and expanding their market reach
  through RD efforts, partnerships, key product
  developments, and merger acquisition prospects

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