Ammunition market seen topping $42 billion by 2030

The Business Research Company says the global ammunition market is on track to surpass $42 billion by 2030, driven by defense modernization, border security needs and civilian shooting activity. North America is projected to remain the largest region, while bullets are expected to be the biggest product segment.

Why it matters: - The ammunition market is projected to exceed $42 billion by 2030, signaling steady demand across defense, law enforcement and civilian shooting uses. - The forecast also points to sustained spending on military modernization, stockpiling and domestic manufacturing capacity. - The market’s growth matters because ammunition remains a core input for combat readiness, training and supply-chain resilience.

What happened: - The Business Research Company released its Ammunition Market Report 2026 – Market Size, Trends, And Global Forecast 2026-2035 on July 11, 2026. - The report estimates the ammunition market will grow at a 7% CAGR leading up to 2030. - The report says North America will be the largest region in 2030, with a market value of $15 billion. - The report says the U.S. will be the largest national market in 2030, at $14 billion. - The report says bullets will be the largest product segment in 2030, accounting for 51% of the market, or about $21 billion. - Request a free sample of the report. - Access the full report.

The details: - North America is expected to grow from $12 billion in 2025 to $15 billion in 2030 at a 5% CAGR. - The report links that regional growth to defense modernization in the U.S. and Canada, higher procurement of advanced ammunition, domestic manufacturing investment, recreational shooting and stockpile replenishment. - The U.S. market is expected to rise from $11 billion in 2025 to $14 billion in 2030 at a 4% CAGR. - The report cites defense spending, training and operational demand, expanded domestic production, civilian hunting and sport shooting, exports to allies and next-generation ammunition development as drivers in the U.S. - The ammunition market is segmented by product into bullets, aerial bombs, grenades, artillery shells and mortars. - The market is segmented by caliber into small, medium, large and other calibers. - The market is segmented by guidance mechanism into non-guided and guided. - The market is segmented by application into defense and less-lethals. - Bullets are expected to benefit from small-caliber use across military, law enforcement and civilian applications, plus demand for training ammunition and design improvements tied to accuracy and penetration. - The report says the biggest growth opportunities through 2030 are in bullets, artillery shells, aerial bombs, mortars and grenades, which together are projected to add more than $12 billion in value. - The report breaks out five-year growth estimates of $6 billion for bullets, $3 billion for artillery shells and $1 billion each for aerial bombs, mortars and grenades.

Between the lines: - The forecast suggests the ammunition market is being pulled by both geopolitical pressure and everyday demand from training and sport shooting. - The report’s emphasis on domestic production and supply-chain resilience points to a market shaped as much by industrial policy as by battlefield need. - The company’s inclusion of market attractiveness scoring, TAM analysis, company scoring matrices and forecasting dashboards signals that buyers want more decision tools, not just size estimates.

What's next: - The report expects defense modernization, border security needs and law enforcement training to keep supporting demand through 2030. - The company says future growth will also come from continued investment in precision and high-performance ammunition systems. - The Business Research Company says its 2026 report series adds updated graphics, hotspot infographics and future trend analysis for market planning.