Ammunition Market Size and Growth Report 2033

The global ammunition market size was valued at USD 25.8 Billion in 2024. Looking forward, IMARC Group estimates the market to reach USD 36.1 Billion by 2033, exhibiting a CAGR of 3.44% from 2025-2033. The growing investments by government bodies in self-defense are fueling the market growth. At present, North America holds the largest market share, accounting for over 41% market share in 2024, owing to a significant surge in military investments and a robust presence of ammunition manufacturers.

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