Spain Ammunition Market Size & Outlook, 2026-2036
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Spain ammunition market highlights
- The Spain ammunition market generated a revenue of USD 249.3 million in 2025 and is expected to reach USD 355.9 million by 2036.
- The Spain market is expected to grow at a CAGR of 3.2% from 2026 to 2036.
- In terms of segment, small caliber was the largest revenue generating caliber in 2025.
- Rockets & Missiles is the most lucrative caliber segment registering the fastest growth during the forecast period.
Ammunition market data book summary
| Market revenue in 2025 | USD 249.3 million |
| Market revenue in 2036 | USD 355.9 million |
| Growth rate | 3.2% (CAGR from 2026 to 2036) |
| Largest segment | Small caliber |
| Fastest growing segment | Rockets & Missiles |
| Historical data | 2021 - 2024 |
| Base year | 2025 |
| Forecast period | 2026 - 2036 |
| 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, Spain accounted for 0.3% of the global ammunition market in 2025.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2036.
- In Europe, France ammunition market is projected to lead the regional market in terms of revenue in 2036.
- Turkey is the fastest growing regional market in Europe and is projected to reach USD 361.9 million by 2036.
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Ammunition Market Scope
Ammunition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|---|---|---|---|
| Remington Arms Company | View profile | 5001-10000 | Lonoke, Arkansas, United States, North America | http://www.remington.com/ |
| Nexaer | View profile | 11-50 | Anaheim, California, United States, North America | https://nexaer.com |
| FN Herstal | View profile | 1001-5000 | Herstal, Liege, Belgium, Europe | https://www.fnherstal.com/ |
| Temasek Holdings | View profile | 501-1000 | Singapore, Central Region, Singapore, Asia | http://www.temasek.com.sg |
| Rheinmetall AG | View profile | 25344 | Rheinmetall Platz 1, Dusseldorf, NW, Germany, 40476 | https://www.rheinmetall.com |
| General Dynamics Corp | View profile | 111600 | 11011 Sunset Hills Road, Reston, VA, United States, 20190 | https://www.gd.com |
| Northrop Grumman Corp | View profile | 101000 | 2980 Fairview Park Drive, Falls Church, VA, United States, 22042 | https://www.northropgrumman.com |
| BAE Systems PLC | View profile | 99800 | 6 Carlton Gardens, Stirling Square, London, United Kingdom, SW1Y 5AD | https://www.baesystems.com |
| Hanwha | View profile | 5001-10000 | Seoul, Seoul-t'ukpyolsi, South Korea, Asia | https://www.hanwhacorp.co.kr/eng/index.jsp |
| Vista Outdoor Inc | View profile | 7000 | 1 Vista Way, Anoka, MN, United States, 55303 | https://www.vistaoutdoor.com |
| Olin Corp | View profile | 7326 | 190 Carondelet Plaza, Suite 1530, Clayton, MO, United States, 63105 | https://www.olin.com |
Spain 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 65.74% in 2025. Horizon Databook has segmented the Spain ammunition market based on small caliber, medium caliber, large caliber, rockets & missiles covering the revenue growth of each sub-segment from 2021 to 2036.
IMI Systems (formerly Israel Military Industries) received a multi-year contract to supply 5.56 mm rifle ammunition for the Spanish armed forces.
This was the advanced ammunition, which followed the same trajectory as the standard ammunition but did not require any special adjustment. This ammunition provided utilities in both long and short barrel firearms such as M16 and M4.
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Target buyers of Spain 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 Spain ammunition market, including forecasts for subscribers. This country databook contains high-level insights into Spain ammunition market from 2021 to 2036, including revenue numbers, major trends, and company profiles.
Partial client list
Spain ammunition market size, by caliber, 2021-2036 (US$M)
Spain Ammunition Market Share, 2025 & 2036 (US$M)
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