China Ammunition Market Size & Outlook, 2023-2030
China ammunition market, 2018-2030 (US$M)
Related Markets
China ammunition market highlights
- The China ammunition market generated a revenue of USD 4,243.4 million in 2023 and is expected to reach USD 4,974.6 million by 2030.
- The China market is expected to grow at a CAGR of 2.3% from 2024 to 2030.
- In terms of segment, small caliber was the largest revenue generating caliber in 2023.
- Small Caliber is the most lucrative caliber segment registering the fastest growth during the forecast period.
Ammunition market data book summary
| Market revenue in 2023 | USD 4,243.4 million |
| Market revenue in 2030 | USD 4,974.6 million |
| Growth rate | 2.3% (CAGR from 2023 to 2030) |
| Largest segment | Small caliber |
| Fastest growing segment | Small Caliber |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Small Caliber, Medium Caliber, Large Caliber, Rockets & Missiles |
| Key market players worldwide | Northrop Grumman Corp, Olin Corp, General Dynamics Corp, BAE Systems PLC, Rheinmetall AG, Hanwha, Temasek Holdings, Vista Outdoor Inc, FN Herstal, Nexaer, Remington Arms Company |
Other key industry trends
- In terms of revenue, China accounted for 6.2% of the global ammunition market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Asia Pacific, China ammunition market is projected to lead the regional market in terms of revenue in 2030.
- India is the fastest growing regional market in Asia Pacific and is projected to reach USD 1,648.6 million by 2030.
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Ammunition Market Scope
Ammunition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
China ammunition market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ammunition market will help companies and investors design strategic landscapes.
Small caliber was the largest segment with a revenue share of 56.73% in 2023. Horizon Databook has segmented the China ammunition market based on small caliber, medium caliber, large caliber, rockets & missiles covering the revenue growth of each sub-segment from 2018 to 2030.
China is expected to exhibit notable progress in the field of advanced weapon system development on account of intensifying geopolitical competition. In addition, rising competition with the U.S. in terms of technology acquisition and development is expected to drive the development of weapon system in the country.
This in turn is expected to lead to the development of advanced ammunitions in the industry, thereby facilitating the market growth in the country over the forecast period.
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Target buyers of China ammunition market databook
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Our clientele includes a mix of ammunition market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the China ammunition market, including forecasts for subscribers. This country databook contains high-level insights into China ammunition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
China ammunition market size, by caliber, 2018-2030 (US$M)
China Ammunition Market Share, 2023 & 2030 (US$M)
Related regional statistics
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