Arms & Ammunition Market Size to Reach USD 45.04 Billion in 2032 | Emergen Research
The increasing emphasis on self-defense and extensive rise in investment in arms & ammo for the defense & law enforcement bodies are the major factors influencing the Arms Ammunition market growth
Vancouver, Nov. 28, 2023 (GLOBE NEWSWIRE) -- The Global Arms & Ammunition Market is forecasted to be worth USD 45.04 billion by 2032, according to a current analysis by Emergen Research. The key factors influencing the market growth include growing adoption of the Arms & Ammunition for self-defense, rising domestic insurgency & terrorist activities, increasing interest in bird-hunting, usage of the Arms & Ammunition in sports, and availability of the cost effective weapons with ammunition, to name a few.
Besides, extensive rise in the cross-border conflict, broadening the number of armed law enforcement troops & new taskforce battalions, and asymmetric warfare & intercountry border conflicts are some of the additional reasons behind the remarkable growth of the market. Also, reduced manufacturing costs of the guns with the help of 3D printing mechanisms, growing demand for the smart guns, and increasing usage of the polymer in the arms industry are some of the subordinate market propelling factors that create a huge breakthrough in the market growth.
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The global market landscape of Arms & Ammunition is expected to remain in a very competitive and highly fragmented landscape consisting of a number of both the small start-ups, medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in offered products ensure the enormous potential for the innovative players.
*Scope of Research*
*Report Details* *Outcome*
Market size value in 2019 USD 24.30 Billion
CAGR (2023 - 2032) 4.8%
Revenue forecast in 2032 USD 45.04 Billion
Base year for estimation 2022
Historical data 2019 - 2021
Forecast period 2023 - 2032
Quantitative units Revenue in USD Billion, Volume in Thousand Units, and CAGR from 2023 to 2032
Report coverage Revenue forecast, company ranking, competitive landscape, growth factors, and trends
Segments covered Type, End Users, Caliber, Technology, Lethality, Component, Materials Used, and Region
Regional scope North America; Europe; Asia Pacific; Central & South America; MEA
Country scope U.S.; Canada; Mexico; U.K.; Germany; France; Italy; Spain; China; India; Japan; South Korea; Brazil; Saudi Arabia; South Africa; Turkey
Key companies profiled Smith & Wesson Holding Corp., Freedom Group, Orbital ATK, Sturm, Ruger, & Co., Inc., American Outdoor Brand Corporation, Thales Group, Lockheed Martin, General Dynamics Corporation, Beretta S.p.A., and Raytheon Company
Customization scope 10 hrs of free customization and expert consultation
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*MAJOR COMPANIES and Market Share Analysis*
The market for Arms & Ammunition Market is mostly on the fragmented side, with a number of conglomerates as well as medium-sized & start-up companies, which account for a major global share of the market. The crucial players involved in the Arms & Ammunition Market are desegregated across the value chain. The key companies of the market are well-equipped with large production facilities and are also engaged in various research & development activities. Some of the prominent players in the market include:
· Smith & Wesson Holding Corp.
· Freedom Group
· Orbital ATK
· Sturm, Ruger, & Co., Inc.
· American Outdoor Brand Corporation
· Thales Group
· Lockheed Martin
· General Dynamics Corporation
· Beretta S.p.A.
· Raytheon Company
*Strategic Development*
· In November 2019, Nammo declared an acquisition of the Chemring Ordnance which is a subsidiary company of Chemring Group, would help Nammo strengthen its manufacturing capabilities in the United States.
· In March, 2020 Rheinmetall Defence announced its requirement of producing and exporting medium Arms & Ammunition for the US F-35 Joint Strike Fighter program
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*Some Key Highlights from the Report*
· In November 2019, Nammo declared an acquisition of the Chemring Ordnance which is a subsidiary company of Chemring Group, would help Nammo strengthen its manufacturing capabilities in the United States.
· The polymer sub-segment is growing with the fastest CAGR of 6.3% owing to its higher efficiency in the manufacturing with 3D printing techniques and reduction in the overall costing with higher applicability in the sports and hunting purposes.
· The regions in the Asia Pacific lead by China, India, Pakistan, and South & North Korea are allotting a considerable budget for their defense & law enforcement grooming purposes. Besides, growing incidences of interpersonal stand-offs, asymmetric warfare, terrorist activities, domestic violence, along with higher economic development and enhancement in the manufacturing industry, deliberately help propel market enforcement.
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For the purpose of this report, Emergen Research has segmented into the global Arms & Ammunition Market on the basis of Type, End Users, Caliber, Technology, Lethality, Component, Materials Used, and Region:
· *Type Outlook*
· Arms
1. Pistols
2. Revolvers
3. Rifles
4. Machine Guns
5. Shotguns
6. Carbines
7. Others
· Ammunition
1. Bullets
2. Aerial Bombs
3. Grenades
4. Artillery Shells
5. Mortars
6. Launchers
7. Others
· *End Users Outlook*
· Military
· Law Enforcement
· Hunting
· Sports
· Self-defense
· *Caliber Outlook (Revenue: USD Billion; Volume: Thousand Units; 2019-2032)*
· Small
1. 9mm
2. 5.56mm
3. 7.62mm
4. 12.7mm
5. .338 Lapua Magnum
6. .338 Norma Magnum
7. 14.5mm
8. Others
· Medium
1. 20mm
2. 25mm
3. 30mm
4. 40mm
5. Others
· High
1. 60mm
2. 81mm
3. 120m
4. 155mm
5. Others
· *Technology Outlook (Revenue: USD Billion; Volume: Thousand Units; 2019-2032)*
· Guided
· Unguided
· *Lethality Outlook (Revenue: USD Billion; Volume: Thousand Units; 2019-2032)*
· Lethal
· Less-lethal
· *Component Outlook (Revenue: USD Billion; Volume: Thousand Units; 2019-2032)*
· Fuzes & Primers
· Propellants
· Bases
· Projectiles and Warheads
· Others
· *Materials Used Outlook (Revenue: USD Billion; Volume: Thousand Units; 2019-2032)*
· Steel
· Aluminum
· Polymer
· Others
· *Regional Outlook (Revenue: USD Billion; Volume: Thousand Units; 2019-2032)*
· North America
1. U.S.
2. Canada
3. Mexico
· Europe
1. Russia
2. UK
3. Germany
4. France
5. BENELUX
· Asia Pacific
1. China
2. Japan
3. India
4. Pakistan
5. South Korea
6. North Korea
7. Rest of APAC
· Latin America
1. Brazil
2. Rest of LATAM
· MEA
1. Saudi Arabia
2. UAE
3. Israel
4. Rest of MEA
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