Ammunition Market Projected Growth Rate Through 2023-2032

The Ammunition Global Market Report 2023, provides comprehensive information on the ammunition market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.

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As per The Business Research Company’s Ammunition Global Market Report 2023, the 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 Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The ammunition market size is expected to grow to $34.94 billion in 2027 at a CAGR of 6.2%.

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The ammunition market is segmented:

1) By Product: Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars

2) By Caliber: Small, Medium, Large, Other Calibers

3) By Guidance Mechanism: Non-guided, Guided

4) By Application: Defense, Less-lethal

North America was the largest region in the ammunition market in 2022.

The table of contents in TBRC’s ammunition market report includes:

Table Of Contents

1. Executive Summary
2. Ammunition Market Characteristics
3. Ammunition Market Trends And Strategies
4. Ammunition Forwarding Market – Macro Economic Scenario
5. Ammunition Market Size And Growth.

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27. Africa Ammunition Market
28. Key Mergers And Acquisitions In The Ammunition Market
29. Ammunition Market Future Outlook and Potential Analysis
30. Appendix

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