North America Ammunition Market Size & Outlook, 2023-2030
North America ammunition market, 2018-2030 (US$M)
Related Markets
North America ammunition market highlights
- The North America ammunition market generated a revenue of USD 9,032.2 million in 2023.
- The market is expected to grow at a CAGR of 0.6% from 2024 to 2030.
- In terms of segment, small caliber was the largest revenue generating caliber in 2023.
- Medium Caliber is the most lucrative caliber segment registering the fastest growth during the forecast period.
- Country-wise, Mexico is expected to register the highest CAGR from 2024 to 2030.
North America data book summary
| Market revenue in 2023 | USD 9,032.2 million |
| Market revenue in 2030 | USD 9,392.5 million |
| Growth rate | 0.6% (CAGR from 2023 to 2030) |
| Largest segment | Small caliber |
| Fastest growing segment | Medium Caliber |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, North America region accounted for 13.2% of the global ammunition market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 9,820.5 million by 2030.
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Ammunition Market Scope
Ammunition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
North America 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 52.42% in 2023. Horizon Databook has segmented the North America ammunition market based on small caliber, medium caliber, large caliber, rockets & missiles covering the revenue growth of each sub-segment from 2018 to 2030.
North America ammunition market is expected to witness significant growth, owing to high demand from the U.S. The defense budget in North America has increased which is heavily influencing the market in the region. Long term competitive strategy of U.S.
Department of Defense for development of technologies and new concepts of warfare is expected to aid the market growth. U.S. Military has invested in various technological developments to combat the competition from countries like Russia and UK.
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Target buyers of North America 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 continent-level data and insights on the North America ammunition market, including forecasts for subscribers. This continent databook contains high-level insights into North America ammunition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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North America ammunition market size, by country, 2018-2030 (US$M)
North America Ammunition Market Share, 2023 & 2030 (US$M)
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