North America Ammunition Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars, and Others), Application (Defense and Commercial), Guidance (Guided and Non-Guided), Lethality (Non-Lethal and Lethal), and Caliber [Small Caliber Ammunition (5.56mm, 7.62mm, 9mm, 12.7mm, 14.5mm, .45ACP, 338LM, 22LR, .223 Rem, and .308 Winchester), Medium Caliber Ammunition (20mm, 30mm, 40mm, and Others), and Large Caliber Ammunition (60mm, 105mm, 120mm, 150mm, and Others)]

The ammunition market in North America is expected to grow from US$ 14,420.06 million in 2022 to US$ 23,144.92 million by 2028. It is estimated to grow at a CAGR of 8.2% from 2022 to 2028.

Surge in Military Spending Promotes Procurement of Ammunitions

The rise in military expenditure is one of the major factors that is promoting the procurement of ammunition and guns worldwide. For instance, according to the SIPRI data, the US spent ~US$ 734 billion, US$ 778 billion, and US$ 800 billion in its military expenditure in 2019, 2020, and 2021, respectively. The sudden increase in demand for ammunition since 2020 is also driving the ammunition market growth. The firearm & ammunition industry witnessed huge increase from 2020 to 2021, according to several defense sources that have increased the procurement of ammunition. Moreover, commercial applications such as hunting and other shooting sports have witnessed a rise in demand for ammunition and firearms, which is catalyzing the ammunition industry.

Market Overview

Based on country, the North America ammunition market is segmented into the US, Canada, and Mexico. The growing threat from terrorism and lenient gun laws are expected to promote the usage of bullets in the region. Over the years, according to the data published by Stockholm International Peace Research Institute (SIPRI), the US recorded an increase in military expenses, from US$ 801.68 billion in 2020 to US$ 827.12 billion in 2021. The increase in military expenditure by North American countries influences the growth of the North American ammunition market.

Increased use of munitions by armed forces and a high number of terrorist incidents led to more use of ammo in North America, which are expected to boost the ammunition market growth in the region. North American government and companies has entered into numerous contracts with major ammunition market players for the supply of ammunition, thereby driving the growth of the ammunition market in the region.

North America Ammunition Market Revenue and Forecast to 2028 (US$ Million)

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North America Ammunition Market Segmentation

The North America ammunition market is segmented into product, application, guidance, lethality, caliber, and country.

The North America ammunition market, by product type, is segmented into bullets, aerial bombs, grenades, artillery shells, mortars, and others. In 2021, the aerial bombs segment dominated market.

The ammunition market by application is segmented into defense and commercial. In 2021, the defense segment dominated the North America ammunition market.

The North America ammunition market, by guidance, is segmented into guided and non-guided. In 2021, the guided segment held a larger market share in 2021.

The North America ammunition market by lethality is segmented into non-lethal and lethal. In 2021, the lethal segment held a larger market share in 2021.

The North America ammunition market, by caliber, is segmented into small caliber ammunitions, medium caliber ammunitions, and large caliber ammunitions. In 2021, the large caliber ammunitions segment held the largest market share in 2021.

Based on country, the market is segmented into the US, Canada, and Mexico. The Us dominated the market in 2021. AMTEC Corporation, BAE Systems, Elbit Systems Ltd, NAMMO AS, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, RUAG Group, Thales Group, and Vista Outdoor Operations LLC are the leading companies operating in the ammunition market in the region.

1. Introduction

1.1 Study Scope

1.2 The Insight Partners Research Report Guidance

1.3 Market Segmentation

2. Key Takeaways

3. Research Methodology

3.1 Coverage

3.2 Secondary Research

3.3 Primary Research

4. North America Ammunition Market Landscape

4.1 Market Overview

4.2 Porter’s Five Forces Analysis

4.2.1 Bargaining Power of Buyers

4.2.2 Bargaining Power of Suppliers

4.2.3 Threat to New Entrants

4.2.4 Threat to Substitutes

4.2.5 Competitive Rivalry

4.3 Ecosystem Analysis

4.4 Expert Opinion

5. North America Ammunition Market - Key Market Dynamics

5.1 Market Drivers

5.1.1 Surge in Military Spending Promotes Procurement of Ammunitions

5.1.2 Upcoming of Lightweight Ammunitions

5.2 Key Market Restraints

5.2.1 Shortage of Ammunition After FY 2020

5.3 Future Trends

5.3.1 Technological Advancements Across Firearms Industry

5.4 Impact Analysis of Drivers and Restraints

6. Ammunition Market – North America Analysis

6.1 North America Ammunition Market Global Overview

6.2 North America Ammunition Market Forecast and Analysis

7. North America Ammunition Market Analysis – by Product

7.1 Overview

7.2 North America Ammunition Market Breakdown, by Product, 2021 and 2028

7.3 Bullets

7.3.1 Overview

7.3.2 Bullets: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

7.4 Aerial Bomb

7.4.1 Overview

7.4.2 Aerial Bomb: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

7.5 Grenades

7.5.1 Overview

7.5.2 Grenades: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

7.6 Artillery Shells

7.6.1 Overview

7.6.2 Artillery Shells: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

7.7 Mortars

7.7.1 Overview

7.7.2 Mortars: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

7.8 Others

7.8.1 Overview

7.8.2 Others: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

8. North America Ammunition Market Analysis – by Application

8.1 Overview

8.2 North America Ammunition Market Breakdown, by Application, 2021 and 2028

8.3 Defense

8.3.1 Overview

8.3.2 Defense: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

8.4 Commercial

8.4.1 Overview

8.4.2 Commercial: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

9. North America Ammunition Market Analysis – by Guidance

9.1 Overview

9.2 North America Ammunition Market Breakdown, by Guidance, 2021 and 2028

9.3 Guided

9.3.1 Overview

9.3.2 Guided: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

9.4 Non-Guided

9.4.1 Overview

9.4.2 Non-Guided: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

10. North America Ammunition Market Analysis – by Lethality

10.1 Overview

10.2 North America Ammunition Market Breakdown, by Lethality, 2021 and 2028

10.3 Non-Lethal

10.3.1 Overview

10.3.2 Non-Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

10.4 Lethal

10.4.1 Overview

10.4.2 Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

11. North America Ammunition Market Analysis – by Caliber

11.1 Overview

11.2 North America Ammunition Market Breakdown, by Caliber, 2021 and 2028

11.3 Small Caliber Ammunition

11.3.1 Overview

11.3.2 Small Caliber Ammunition: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

11.4 Medium Caliber Ammunition

11.4.1 Overview

11.4.2 Medium Caliber Ammunition: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

11.5 Large Caliber Ammunition

11.5.1 Overview

11.5.2 Large Caliber Ammunition: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)

12. North America Ammunition Market – Country Analysis

12.1 Overview

12.1.1 North America: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

12.1.2 North America: Ammunition Market, by Key Country

12.1.2.1 US: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

12.1.2.1.1 US: Ammunition Market, by Product

12.1.2.1.2 US: Ammunition Market, by Application

12.1.2.1.3 US: Ammunition Market, by Guidance

12.1.2.1.4 US: Ammunition Market, by Lethality

12.1.2.1.5 US: Ammunition Market, by Caliber

12.1.2.1.5.1 US: Ammunition Market, by Small Caliber Ammunition

12.1.2.1.5.2 US: Ammunition Market, by Medium Caliber Ammunition

12.1.2.1.5.3 US: Ammunition Market, by Large Caliber Ammunition

12.1.2.2 Canada: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

12.1.2.2.1 Canada: Ammunition Market, by Product

12.1.2.2.2 Canada: Ammunition Market, by Application

12.1.2.2.3 Canada: Ammunition Market, by Guidance

12.1.2.2.4 Canada: Ammunition Market, by Lethality

12.1.2.2.5 Canada: Ammunition Market, by Caliber

12.1.2.2.5.1 Canada: Ammunition Market, by Small Caliber Ammunition

12.1.2.2.5.2 Canada: Ammunition Market, by Medium Caliber Ammunition

12.1.2.2.5.3 Canada: Ammunition Market, by Large Caliber Ammunition

12.1.2.3 Mexico: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

12.1.2.3.1 Mexico: Ammunition Market, by Product

12.1.2.3.2 Mexico: Ammunition Market, by Application

12.1.2.3.3 Mexico: Ammunition Market, by Guidance

12.1.2.3.4 Mexico: Ammunition Market, by Lethality

12.1.2.3.5 Mexico: Ammunition Market, by Caliber

12.1.2.3.5.1 Mexico: Ammunition Market, by Small Caliber Ammunition

12.1.2.3.5.2 Mexico: Ammunition Market, by Medium Caliber Ammunition

12.1.2.3.5.3 Mexico: Ammunition Market, by Large Caliber Ammunition

13. Industry Landscape

13.1 Overview

13.2 Market Initiative

13.3 New Product Development

14. Company Profiles

14.1 Northrop Grumman Corporation

14.1.1 Key Facts

14.1.2 Business Description

14.1.3 Products and Services

14.1.4 Financial Overview

14.1.5 SWOT Analysis

14.1.6 Key Developments

14.2 BAE Systems

14.2.1 Key Facts

14.2.2 Business Description

14.2.3 Products and Services

14.2.4 Financial Overview

14.2.5 SWOT Analysis

14.2.6 Key Developments

14.3 Elbit Systems Ltd.

14.3.1 Key Facts

14.3.2 Business Description

14.3.3 Products and Services

14.3.4 Financial Overview

14.3.5 SWOT Analysis

14.3.6 Key Developments

14.4 Raytheon Technologies Corporation

14.4.1 Key Facts

14.4.2 Business Description

14.4.3 Products and Services

14.4.4 Financial Overview

14.4.5 SWOT Analysis

14.4.6 Key Developments

14.5 Vista Outdoor Operations LLC

14.5.1 Key Facts

14.5.2 Business Description

14.5.3 Products and Services

14.5.4 Financial Overview

14.5.5 SWOT Analysis

14.5.6 Key Developments

14.6 AMTEC Corporation

14.6.1 Key Facts

14.6.2 Business Description

14.6.3 Products and Services

14.6.4 Financial Overview

14.6.5 SWOT Analysis

14.6.6 Key Developments

14.7 NAMMO AS

14.7.1 Key Facts

14.7.2 Business Description

14.7.3 Products and Services

14.7.4 Financial Overview

14.7.5 SWOT Analysis

14.7.6 Key Developments

14.8 Rheinmetall AG

14.8.1 Key Facts

14.8.2 Business Description

14.8.3 Products and Services

14.8.4 Financial Overview

14.8.5 SWOT Analysis

14.8.6 Key Developments

14.9 RUAG Group

14.9.1 Key Facts

14.9.2 Business Description

14.9.3 Products and Services

14.9.4 Financial Overview

14.9.5 SWOT Analysis

14.9.6 Key Developments

14.10 Thales Group

14.10.1 Key Facts

14.10.2 Business Description

14.10.3 Products and Services

14.10.4 Financial Overview

14.10.5 SWOT Analysis

14.10.6 Key Developments

15. Appendix

15.1 About The Insight Partners

15.2 Word Index

LIST OF TABLES

Table 1. North America Ammunition Market, Revenue and Forecast, 2020–2028 (US$ Million)

Table 2. US: Ammunition Market, by Product–Revenue and Forecast to 2028 (US$ Million)

Table 3. US: Ammunition Market, by Application–Revenue and Forecast to 2028 (US$ Million)

Table 4. US: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)

Table 5. US: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)

Table 6. US: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)

Table 7. US: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 8. US: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 9. US: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 10. Canada: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 11. Canada: Ammunition Market, by Application – Revenue and Forecast to 2028 (US$ Million)

Table 12. Canada: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)

Table 13. Canada: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)

Table 14. Canada: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)

Table 15. Canada: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 16. Canada: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 17. Canada: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 18. Mexico: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)

Table 19. Mexico: Ammunition Market, by Application– Revenue and Forecast to 2028 (US$ Million)

Table 20. Mexico: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)

Table 21. Mexico: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)

Table 22. Mexico: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)

Table 23. Mexico: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 24. Mexico: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 25. Mexico: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)

Table 26. List of Abbreviation

LIST OF FIGURES

Figure 1. North America Ammunition Market Segmentation

Figure 2. North America Ammunition Market Segmentation – Country

Figure 3. North America Ammunition Market Overview

Figure 4. Ammunition Market, By Product

Figure 5. North America Ammunition Market, By Application

Figure 6. North America Ammunition Market, By Guidance

Figure 7. North America Ammunition Market, By Country

Figure 8. Porter’s Five Forces Analysis

Figure 9. North America Ammunition Market- Ecosystem Analysis

Figure 10. Expert Opinion

Figure 11. North America Ammunition Market: Impact Analysis of Drivers and Restraints

Figure 12. North America Ammunition Market, Forecast and Analysis (US$ Million)

Figure 13. North America Ammunition Market Revenue Share, by Product (2021 and 2028)

Figure 14. North America Bullets: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 15. North America Aerial Bomb: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 16. North America Grenades: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 17. North America Artillery Shells: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 18. North America Mortars: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 19. North America Others: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 20. North America Ammunition Market Revenue Share, by Application (2021 and 2028)

Figure 21. North America Defense: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 22. North America Commercial: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 23. North America Ammunition Market Revenue Share, by Guidance (2021 and 2028)

Figure 24. North America Guided: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 25. North America Non-Guided: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 26. North America Ammunition Market Revenue Share, by Lethality (2021 and 2028)

Figure 27. North America Non-Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 28. North America Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 29. North America Ammunition Market Revenue Share, by Caliber (2021 and 2028)

Figure 30. North America Small Caliber Ammunition: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 31. Medium Caliber Ammunition: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 32. Large Caliber Ammunition: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 33. North America: Ammunition Market, By Key Country – Revenue (2021) (US$ Million)

Figure 34. North America: Ammunition Market Revenue Share, by Key Country (2021 and 2028)

Figure 35. US: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 36. Canada: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Figure 37. Mexico: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America ammunition market
Highlights key business priorities in order to assist companies to realign their business strategies
The key findings and recommendations highlight crucial progressive industry trends in the North America ammunition market, thereby allowing players across the value chain to develop effective long-term strategies
Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
Scrutinize in-depth North America market trends and outlook coupled with the factors driving the ammunition market, as well as those hindering it
Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

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