Russia Ammunition Market Size & Outlook, 2023-2030
Russia ammunition market, 2018-2030 (US$M)
Related Markets
Russia ammunition market highlights
- The Russia ammunition market generated a revenue of USD 16,683.8 million in 2023 and is expected to reach USD 2,427.3 million by 2030.
- The Russia market is expected to grow at a CAGR of -24.1% from 2024 to 2030.
- In terms of segment, large 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 16,683.8 million |
| Market revenue in 2030 | USD 2,427.3 million |
| Growth rate | -24.1% (CAGR from 2023 to 2030) |
| Largest segment | Large 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, Russia accounted for 24.3% 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 Europe, Russia ammunition market is projected to lead the regional market in terms of revenue in 2030.
- Spain is the fastest growing regional market in Europe and is projected to reach USD 296.3 million by 2030.
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Ammunition Market Scope
Ammunition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Russia 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.
Large caliber was the largest segment with a revenue share of 71.46% in 2023. Horizon Databook has segmented the Russia ammunition market based on small caliber, medium caliber, large caliber, rockets & missiles covering the revenue growth of each sub-segment from 2018 to 2030.
There have been rising tensions between Russia and Ukraine due to the ongoing war between them. According to Bloomberg, Russia has increased its defense budget by 43%. It is planning to spend more on the military in the coming years than initially planned.
Russia is facing an ammunition shortage owing to its depletion of stockpiles amid the Russia Ukraine war. It has a massive arsenal and has increased the production of weapons and ammunition,
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Target buyers of Russia 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 Russia ammunition market, including forecasts for subscribers. This country databook contains high-level insights into Russia ammunition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Russia ammunition market size, by caliber, 2018-2030 (US$M)
Russia Ammunition Market Share, 2023 & 2030 (US$M)
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