US Ammunition Market

The report "US Ammunition Market by Application ((Defense (Military, Homeland Security), Civil & Commercial (Sporting, Hunting, Self Defense, Others)), Caliber (Small, Medium, Large), Others)- Forecast to 2028" The US ammunition market is expected to reach USD 9.05 billion in 2028 from USD 7.96 billion in 2023, at a CAGR of 2.60% during the forecast period.

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The US is positioned to lead the ammunition market due to factors rooted in its military strength, technological prowess, and robust civilian firearms industry. The US military, one of the world’s largest and most technologically advanced, continually invests in developing and acquiring cutting-edge ammunition technologies.

US defense forces have a significant demand for ammunition. Post 9/11 attacks, the country's law enforcement agencies and police forces were modernized in terms of equipment and ammunition. The US also exports a major share of its domestic production of small-caliber ammunition to various other countries worldwide.

Moreover, the civilian firearms market in the US is substantial and dynamic. With a strong tradition of firearm ownership and a culture that values individual gun rights, the US civilian market drives a significant portion of the global ammunition demand. This demand encompasses a wide range of calibers and applications, including self-defense, sport shooting, and hunting. According to the US Government, there were 120 firearms per 100 persons in the US in 2023.

The Defense segment accounted for the largest share by application segment in the US ammunition market in 2023.

By application, the US ammunition market is categorized into Defense and Civil & Commercial. The defense segment is further sub-segmented into military and homeland security. However, Civil & Commercial application is further sub-segmented into sporting, hunting, self-defense, and others. Military subsegment of defense by type is accounted for the largest market size and share in the US ammunition market in 2023. Similarly, the self-defense subsegment of civil & commercial applications of US ammunition accounted for the largest market size in 2024. 

Shooting sports involves using various firearms and airguns, depending on the target identified and the distance at which the targets will be shot. Firearms in shooting sports are rifles, pistols, and shotguns.

According to the Washington Post, thousands of teens have picked up shooting as a sports option in recent years in North America, making it one of the fastest-growing sports in high schools, where 5.56 mm and 7.62 mm ammunition are used in shooting sports.

The small caliber segment accounted for the largest share by caliber type in the US ammunition market in 2023.

The US ammunition market is segmented by caliber type into small caliber, medium caliber, large calibers, and others. The small caliber is further sub-segmented by Nato grade calibers such as 4.6x30mm, 9x19mm Parabellum, 5.56x45mm, 7.62x51mm, 12.7x99mm, 0.50 Browning, 0.300 Win Mag, 0.223 Remington, and others.
The growth of this segment can be attributed to the increased use of small-caliber ammunition by military and homeland security personnel due to its less lethality. Open online marketplaces for small arms and ammunition and increased procurement of small-caliber ammunition by the defense and homeland security sectors to curb rising instances of armed conflicts are also contributing to the growth of this segment.

From the caliber segment, the 9x19 mm ammunition market is poised to lead the industry due to its widespread use, versatility, and popularity across military, law enforcement, and civilian applications. The 9 mm caliber has established itself as a standard for handguns, submachine guns, and other firearms, offering a balance between manageable recoil, adequate stopping power, and magazine capacity

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