Spain Ammunition Market Size & Outlook, 2023-2030
Spain ammunition market, 2018-2030 (US$M)
Related Markets
Spain ammunition market highlights
- The Spain ammunition market generated a revenue of USD 227.0 million in 2023 and is expected to reach USD 296.3 million by 2030.
- The Spain market is expected to grow at a CAGR of 3.9% 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 227.0 million |
| Market revenue in 2030 | USD 296.3 million |
| Growth rate | 3.9% (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, Spain accounted for 0.3% 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 |
|---|
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 61.19% in 2023. 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 2018 to 2030.
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 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Spain ammunition market size, by caliber, 2018-2030 (US$M)
Spain Ammunition Market Share, 2023 & 2030 (US$M)
Related regional statistics
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