North America Ammunition Market

The report "North America Ammunition Market by Rifle (5.56 MM, 7.62 MM), Handgun (9X19 MM, 5.7X28 MM), Autocannon (20 MM, 35 MM), Artillery (130 MM, 155 MM), Tank (105 MM, 120 MM), Mortar (81 MM, 120 MM), Naval (57 MM, 76 MM), Rocket (70 MM, 122 MM) – Regional Forecast to 2031" is projected to grow from USD 7.61 billion in 2026 to USD 12.98 billion by 2031 at a CAGR of 11.3% during the forecast period. Rising cross-border security requirements are driving growth in North America, including increased procurement of small- , medium- , and large-caliber ammunition for training and operational readiness, as well as continued stockpile replenishment programs across the United States and Canada. Increasing defense spending, military modernization programs, and the need to maintain strategic ammunition stockpiles across the US and Canada contribute to market growth. Rising procurement by armed forces to support combat readiness, training exercises, and long-term preparedness is another crucial growth factor. Likewise, law enforcement agencies are focused on strengthening inventory levels to enhance operational readiness and public safety capabilities. Concurrently, government investments in strengthening domestic manufacturing capacity, improving supply chain resilience, and modernizing production facilities contribute to sustained market expansion. Long-term procurement contracts and multi-year supply agreements continue to ensure stable demand and sustained growth across the region.

Browse 200 market data Tables and 80 Figures spread through 150 Pages and in-depth TOC on "North America Ammunition Market, by Rifle (5.56 MM, 7.62 MM), Handgun (9X19 MM, 5.7X28 MM), Autocannon (20 MM, 35 MM), Artillery (130 MM, 155 MM), Tank (105 MM, 120 MM), Mortar (81 MM, 120 MM), Naval (57 MM, 76 MM), Rocket (70 MM, 122 MM) – Regional Forecast to 2031"

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By end user, the military segment is projected to lead the market throughout the forecast period. In 2031, the military segment is expected to hold a prominent share of the total market. This dominance is supported by sustained procurement across the US Army, Navy, Air Force, and the Canadian Armed Forces, as well as continued stockpile replenishment programs and multi-year defense contracts. Expanding live-fire training activities and further modernizing combat platforms further reinforce the military segment's strong position across the region.

By guidance, the guided segment is projected to register the highest growth rate during the forecast period, with a CAGR of 26.3% from 2026 to 2031. The rapid expansion is driven by increasing adoption of precision-guided artillery rounds and advanced smart munitions designed to improve accuracy and operational efficiency. Rising investments in next-generation firepower systems and enhanced targeting technologies are accelerating demand for guided ammunition across North America.

The US is projected to be the fastest-growing country during the forecast period.

The country is expected to lead North America ammunition market growth due to rising defense procurement, accelerated artillery production, and sustained stockpile replenishment programs. Increased funding for modernizing Army, Navy, and Marine Corps weapon systems is driving higher demand for small-, medium-, and large-caliber ammunition. Multi-year Department of Defense contracts, expanded domestic manufacturing capacity, and ongoing live-fire training activities are further supporting strong market growth in the country compared to Canada.

General Dynamics Ordnance and Tactical Systems (US), CSG (US), Northrop Grumman (US), Olin Corporation (US), and Hornady  (US) are the major key players in the North American ammunition market.

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