Product Code: GVR-1-68038-183-2
Ammunition Market Summary
The global ammunition market size was estimated at USD 80.86 billion in 2025 and is expected to reach USD 28.37 billion by 2033, registering a CAGR of -14.0% from 2026 to 2033, by rising geopolitical tensions and ongoing international conflicts, which compel nations to bolster their defense capabilities. Increased military modernization programs across various regions are pushing demand for advanced and precise ammunition types, fueling sustained market growth.
Moreover, the escalation of terrorist activities worldwide prompts defense forces to procure more effective ammunition, reinforcing the market's upward trajectory.
The growing popularity of recreational shooting sports and increased civilian firearm ownership in several regions have also contributed to market expansion. Small-caliber ammunition used in rifles and pistols for sport shooting is gaining traction as more civilians participate in shooting activities. In addition, the commercial segment related to hunting and shooting sports supplements defense-driven demand, broadening the market base.
Another significant driver is the steady increase in global defense budgets, particularly in major markets such as North America, where military expenditure remains robust. Governments worldwide are investing heavily not only in traditional ammunition but also in research and development of innovative ballistic technologies, including lightweight polymer-based cases and smart munition systems. These technological advancements improve ammunition performance and versatility, attracting higher procurement volumes.
Global Ammunition Market Report Segmentation
This report forecasts revenue growth at global, regional, and country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2023. For this study, Grand View Research has segmented the global ammunition market report based on caliber, application, product, and region:
- Caliber Outlook (Revenue, USD Billion, 2021 - 2033)
- Small Caliber
- 5.56 mm
- 7.62 mm
- 7.62 x 51 mm
- 7.62 x 39 mm
- Others
- 9 mm
- 9 x 18 mm
- 9 x 19 mm
- Others
- Medium Caliber
- Large Caliber
- Tank Ammunition
- Artillery Ammunition
- Rockets, Missiles and Other
- Application Outlook (Revenue, USD Billion, 2021 - 2033)
- Civil & Commercial
- Sports
- Hunting
- Self Defense
- Defense
- Product Outlook (Revenue, USD Billion, 2021 - 2033)
- Rimfire
- Centerfire
- Regional Outlook (Revenue, USD Billion, 2021 - 2033)
- North America
- Europe
- Germany
- UK
- France
- Russia
- Spain
- Turkey
- Czech Republic
- Poland
- Asia Pacific
- China
- Japan
- India
- South Korea
- Australia
- Singapore
- Central & South America
- Middle East & Africa
Table of Contents
Chapter 1. Methodology and Scope
- 1.1. Research Methodology
- 1.2. Research Scope & Assumption
- 1.3. Information Procurement
- 1.3.1. Purchased Database
- 1.3.2. GVR's Internal Database
- 1.3.3. Secondary Sources & Third-Party Perspectives
- 1.3.4. Primary Research
- 1.4. Information Analysis
- 1.4.1. Data Analysis Models
- 1.5. Market Formulation & Data Visualization
- 1.6. List of Data Sources
Chapter 2. Executive Summary
- 2.1. Market Outlook, 2025 (USD Billion)
- 2.2. Segmental Outlook
- 2.3. Competitive Insights
Chapter 3. Ammunition Market Variables, Trends & Scope
- 3.1. Market Lineage/Ancillary Market Outlook
- 3.2. Industry Value Chain Analysis
- 3.2.1. Sales Channel Analysis
- 3.3. Regulatory Framework
- 3.3.1. Analyst Perspective
- 3.3.2. Regulations & Standards
- 3.4. Market Dynamics
- 3.4.1. Market Driver Analysis
- 3.4.2. Market Restraint Analysis
- 3.4.3. Industry Opportunities
- 3.4.4. Industry Challenges
- 3.5. Business Environmental Tools Analysis: Global Ammunition Market
- 3.5.1. Porter's Five Forces Analysis
- 3.5.1.1. Bargaining Power of Suppliers
- 3.5.1.2. Bargaining Power of Buyers
- 3.5.1.3. Threat of Substitution
- 3.5.1.4. Threat of New Entrants
- 3.5.1.5. Competitive Rivalry
- 3.5.2. PESTLE Analysis
- 3.5.2.1. Political Landscape
- 3.5.2.2. Economic Landscape
- 3.5.2.3. Social Landscape
- 3.5.2.4. Technology Landscape
- 3.5.2.5. Environmental Landscape
- 3.5.2.6. Legal Landscape
- 3.6. Market Disruption Analysis
Chapter 4. Global Ammunition Market: Caliber Estimates & Trend Analysis
- 4.1. Key Takeaways
- 4.2. Caliber Movement Analysis & Market Share, 2025 & 2033
- 4.3. Global Ammunition Market By Caliber, 2021 - 2033 (USD Billion)
- 4.4. Small Caliber
- 4.4.1. Ammunition Market Estimates And Forecasts, by Small Caliber 2021 - 2033 (USD Billion)
- 4.5. Medium Caliber
- 4.5.1. Ammunition Market Estimates And Forecasts, by Medium Caliber, 2021 - 2033 (USD Billion)
- 4.6. Large Caliber
- 4.6.1. Ammunition Market Estimates And Forecasts, by Large Caliber, 2021 - 2033 (USD Billion)
- 4.7. Rockets, Missiles and Other
- 4.7.1. Ammunition Market Estimates And Forecasts, by Rockets, Missiles and Other, 2021 - 2033 (USD Billion)
- 4.8. Others
- 4.8.1. Ammunition Market Estimates And Forecasts, by Others, 2021 - 2033 (USD Billion)
Chapter 5. Global Ammunition Market: Application Estimates & Trend Analysis
- 5.1. Key Takeaways
- 5.2. Application Movement Analysis & Market Share, 2025 & 2033
- 5.3. Global Ammunition Market By Application, 2021 - 2033 (USD Billion)
- 5.4. Civil & Commercial
- 5.4.1. Ammunition Market Estimates And Forecasts, for Civil & Commercial, 2021 - 2033 (USD Billion)
- 5.5. Defense
- 5.5.1. Ammunition Market Estimates And Forecasts, for Defense, 2021 - 2033 (USD Billion)
Chapter 6. Global Ammunition Market: Regional Estimates & Trend Analysis
- 6.1. Key Takeaways
- 6.2. Regional Market Share Analysis, 2025 & 2033
- 6.3. North America
- 6.3.1. North America Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.3.2. North America Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.3.3. North America Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.3.4. North America Ammunition Market Estimates And Forecasts, By product, 2021 - 2033 (USD Billion)
- 6.3.5. U.S.
- 6.3.5.1. U.S. Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.3.5.2. U.S. Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.3.5.3. U.S. Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.3.5.4. U.S. Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.3.6. Canada
- 6.3.6.1. Canada Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.3.6.2. Canada Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.3.6.3. Canada Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.3.6.4. Canada Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.3.7. Mexico
- 6.3.7.1. Mexico Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.3.7.2. Mexico Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.3.7.3. Mexico Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.3.7.4. Mexico Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.4. Europe
- 6.4.1. Europe Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.4.2. Europe Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.4.3. Europe Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.4.4. Europe Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.4.5. Germany
- 6.4.5.1. Germany Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.4.5.2. Germany Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.4.5.3. Germany Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.4.5.4. Germany Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.4.6. UK
- 6.4.6.1. UK Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.4.6.2. UK Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.4.6.3. UK Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.4.6.4. UK Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.4.7. France
- 6.4.7.1. France Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.4.7.2. France Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.4.7.3. France Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.4.7.4. France Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.4.8. Russia
- 6.4.8.1. Russia Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.4.8.2. Russia Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.4.8.3. Russia Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.4.8.4. Russia Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.4.9. Spain
- 6.4.9.1. Spain Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.4.9.2. Spain Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.4.9.3. Spain Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.4.9.4. Spain Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.4.10. Turkey
- 6.4.10.1. Turkey Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.4.10.2. Turkey Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.4.10.3. Turkey Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.4.10.4. Turkey Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.4.11. Czech Republic
- 6.4.11.1. Czech Republic Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.4.11.2. Czech Republic Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.4.11.3. Czech Republic Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.4.11.4. Czech Republic Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.4.12. Poland
- 6.4.12.1. Poland Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.4.12.2. Poland Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.4.12.3. Poland Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.4.12.4. Poland Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.5. Asia Pacific
- 6.5.1. Asia Pacific Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.5.2. Asia Pacific Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.5.3. Asia Pacific Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.5.4. Asia Pacific Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.5.5. China
- 6.5.5.1. China Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.5.5.2. China Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.5.5.3. China Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.5.5.4. China Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.5.6. India
- 6.5.6.1. India Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.5.6.2. India Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.5.6.3. India Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.5.6.4. India Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.5.7. Japan
- 6.5.7.1. Japan Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.5.7.2. Japan Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.5.7.3. Japan Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.5.7.4. Japan Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.5.8. South Korea
- 6.5.8.1. South Korea Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.5.8.2. South Korea Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.5.8.3. South Korea Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.5.8.4. South Korea Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.5.9. Australia
- 6.5.9.1. Australia Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.5.9.2. Australia Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.5.9.3. Australia Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.5.9.4. Australia Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.5.10. Singapore
- 6.5.10.1. Singapore Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.5.10.2. Singapore Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.5.10.3. Singapore Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.5.10.4. Singapore Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.6. Central & South America
- 6.6.1. Central & South America Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.6.2. Central & South America Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.6.3. Central & South America Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.6.4. Central & South America Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.6.5. Brazil
- 6.6.5.1. Brazil Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.6.5.2. Brazil Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.6.5.3. Brazil Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.6.5.4. Brazil Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.6.6. Argentina
- 6.6.6.1. Argentina Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.6.6.2. Argentina Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.6.6.3. Argentina Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.6.6.4. Argentina Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.7. Middle East & Africa
- 6.7.1. Middle East & Africa Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.7.2. Middle East & Africa Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.7.3. Middle East & Africa Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.7.4. Middle East & Africa Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.7.5. Saudi Arabia
- 6.7.5.1. Saudi Arabia Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.7.5.2. Saudi Arabia Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.7.5.3. Saudi Arabia Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.7.5.4. Saudi Arabia Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
- 6.7.6. UAE
- 6.7.6.1. UAE Ammunition Market Estimates And Forecasts, 2021 - 2033 (USD Billion)
- 6.7.6.2. UAE Ammunition Market Estimates And Forecasts, By Caliber, 2021 - 2033 (USD Billion)
- 6.7.6.3. UAE Ammunition Market Estimates And Forecasts, By Application, 2021 - 2033 (USD Billion)
- 6.7.6.4. UAE Ammunition Market Estimates And Forecasts, By Product, 2021 - 2033 (USD Billion)
Chapter 7. Supplier Intelligence
- 7.1.1. Kraljic Matrix
- 7.1.2. Engagement Model
- 7.1.3. Negotiation Strategies
- 7.1.4. Sourcing Best Practices
- 7.1.5. Vendor Selection Criteria
Chapter 8. Competitive Landscape
- 8.1. Key Players, their Recent Developments, and their Impact on Industry
- 8.2. Competition Categorization
- 8.3. Company Market Position Analysis
- 8.4. Company Heat Map Analysis
- 8.5. Strategy Mapping, 2025
- 8.6. Company Listing
- 8.6.1. Ammo Inc.
- 8.6.1.1. Company Overview
- 8.6.1.2. Financial Performance
- 8.6.1.3. Product Benchmarking
- 8.6.1.4. Strategic Initiatives
- 8.6.2. Arsenal JSCo.
- 8.6.2.1. Company Overview
- 8.6.2.2. Financial Performance
- 8.6.2.3. Product Benchmarking
- 8.6.2.4. Strategic Initiatives
- 8.6.3. BAE Systems PLC
- 8.6.3.1. Company Overview
- 8.6.3.2. Financial Performance
- 8.6.3.3. Product Benchmarking
- 8.6.3.4. Strategic Initiatives
- 8.6.4. CBC Global Ammunition
- 8.6.4.1. Company Overview
- 8.6.4.2. Financial Performance
- 8.6.4.3. Product Benchmarking
- 8.6.4.4. Strategic Initiatives
- 8.6.5. Denel SOC Ltd.
- 8.6.5.1. Company Overview
- 8.6.5.2. Financial Performance
- 8.6.5.3. Product Benchmarking
- 8.6.5.4. Strategic Initiatives
- 8.6.6. Hanwha Corporation
- 8.6.6.1. Company Overview
- 8.6.6.2. Financial Performance
- 8.6.6.3. Product Benchmarking
- 8.6.6.4. Strategic Initiatives
- 8.6.7. Hornady Manufacturing, Inc.
- 8.6.7.1. Company Overview
- 8.6.7.2. Financial Performance
- 8.6.7.3. Product Benchmarking
- 8.6.7.4. Strategic Initiatives
- 8.6.8. Leonardo S.P.A.
- 8.6.8.1. Company Overview
- 8.6.8.2. Financial Performance
- 8.6.8.3. Product Benchmarking
- 8.6.8.4. Strategic Initiatives
- 8.6.9. Nammo AS
- 8.6.9.1. Company Overview
- 8.6.9.2. Financial Performance
- 8.6.9.3. Product Benchmarking
- 8.6.9.4. Strategic Initiatives