Hunting and Shooting Ammunition Market 2020 Industry Growth, Key Players, Segments, Competitive Landscape and Forecast to 2027

Hunting and Shooting Ammunition Market

The Global Hunting & Shooting Ammunition Market is forecasted to be worth USD 1.73 billion by 2027, according to a current analysis by Emergen Research. The key factors influencing the market growth include growing adoption of the hunting & shooting ammunition for bird-hunting, self-defense training, increasing interest & skill development in shooting, usage of the hunting & shooting ammunition in sports, and availability of the cost effective weapons for these ammunition, to name a few.

Besides, the games associated with shooting & snipping using the nonlethal guns & rifles and growing investment in the training & demonstration in defense are some of the additional reasons behind the remarkable growth of the market. Also, reduced manufacturing costs of the guns with the help of 3D printing mechanisms, growing demand for the smart guns, and increasing usage of the polymer in the arms industry are some of the subordinate market propelling factors that create a huge breakthrough in the market growth.

The global market landscape of Hunting & Shooting Ammunition is expected to remain in a very competitive and highly fragmented landscape consisting of a number of both the small start-ups, medium enterprises, and large conglomerates. During the projected era, increasing demand for technological development and higher diversification in offered products ensure the enormous potential for the innovative players.

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Some Key Highlights from the Report

  • In November 2019, Nammo declared an acquisition of the Chemring Ordnance which is a subsidiary company of Chemring Group, would help Nammo strengthen its manufacturing capabilities in the United States.
  • The polymer sub-segment is growing with the fastest CAGR of 6.3% owing to its higher efficiency in the manufacturing with 3D printing techniques and reduction in the overall costing with higher applicability in the sports and hunting purposes.
  • The regions in the Asia Pacific lead by China, India, Pakistan, and South & North Korea are allotting a considerable budget for their defense & law enforcement grooming purposes. Besides, growing interest in hunting and shooting skills, and personal defense training, along with higher economic development & enhancement in the manufacturing industry, deliberately help propel market enforcement.

In 2020, North America contributed the greatest revenue share to the market for Hunting and Shooting Ammunitions worldwide. The region’s demand for Hunting and Shooting Ammunitions is expanding as a result of increased energy awareness concerns and a growing requirement for green building construction.

Smith & Wesson Holding Corp., Freedom Group, Orbital ATK, Sturm, Ruger, & Co., Inc., American Outdoor Brand Corporation, Thales Group, Lockheed Martin, General Dynamics Corporation, Beretta S.p.A., and Raytheon Company, among others.

For the purpose of this report, Emergen Research has segmented into the global Hunting & Shooting Ammunition Market on the basis of Type, End Users, Caliber, Materials Used, and Region:

Type Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

  • Bullets
  • Artillery Shells
  • Others
  • Total

End Users Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

  • Hunting
  • Sports
  • Training

Caliber Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

  • Small
    1. 9mm
    2. 56mm
    3. 62mm
    4. 7mm
    5. .338 Lapua Magnum
    6. .338 Norma Magnum
    7. 5mm
    8. Others
  • Medium
    1. 20mm
    2. 25mm
    3. 30mm
    4. 40mm
    5. Others

Materials Used Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

  • Steel
  • Aluminum
  • Polymer
  • Others

Regional Outlook (Revenue: USD Billion; Volume: Thousand Units; 2017-2027)

  • North America
    1. U.S.
    2. Canada
    3. Mexico
  • Europe
    1. Russia
    2. UK
    3. Germany
    4. France
    5. BENELUX
  • Asia Pacific
    1. China
    2. Japan
    3. India
    4. Pakistan
    5. South Korea
    6. North Korea
    7. Rest of APAC
  • Latin America
    1. Brazil
    2. Rest of LATAM
  • MEA
    1. Saudi Arabia
    2. UAE
    3. Israel
    4. Rest of MEA

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Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyse consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

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