Ammunition Market Size, Share, Trends, Share Analysis, Top Players 2032

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Ammunition Global Market Report 2023
Market Size, Trends and Global Forecast 2023-2032
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Ammunition Global Market Segments
The Business Research Company segments its
Ammunition market report as
Bullets, Aerial Bombs, Grenades, Artillery
Shells, Mortars
By Product
By Caliber
Small, Medium, Large, Other Calibers
By Guidance Mechanism
Non-guided, Guided
By Application
Defense, Less-lethal
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Ammunition Market Statistics
The global ammunition market size grew from 25.6
billion in 2022 to 27.48 billion in 2023 at a
compound annual growth rate (CAGR) of 7.3. The
ammunition market size is expected to grow
to 34.94 billion in 2027 at a CAGR of 6.2.
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Key Market Drivers And Trends
Drivers
The growing personal safety concerns and
increasing shooting ranges are propelling the
growth of the ammunition market
Trends
The RD activity to develop advanced ammunition
is a key trend in the ammunition market
Region
North America was the largest region in the
ammunition market in 2022.
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Key Market Players
Major players in the Ammunition Global Market
are Northrop Grumman Corporation, General
Dynamics Corporation, CBC Global Ammunition, Olin
Corporation, Ruag Ammotec And more.
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