{"product_id":"north-america-ammunition-market-forecast-to-2028-covid-19-impact-and-regional-analysis-by-product-bullets-aerial-bombs-grenades-artillery-shells-mortars-and-others-application-defense-and-commercial-guidance-guided-and-non-guided-lethali","title":"North America Ammunition Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars, and Others), Application (Defense and Commercial), Guidance (Guided and Non-Guided), Lethali","description":"\u003cp\u003eNorth America Ammunition Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars, and Others), Application (Defense and Commercial), Guidance (Guided and Non-Guided), Lethality (Non-Lethal and Lethal), and Caliber [Small Caliber Ammunition (5.56mm, 7.62mm, 9mm, 12.7mm, 14.5mm, .45ACP, 338LM, 22LR, .223 Rem, and .308 Winchester), Medium Caliber Ammunition (20mm, 30mm, 40mm, and Others), and Large Caliber Ammunition (60mm, 105mm, 120mm, 150mm, and Others)]    \u003c\/p\u003e\n\n\u003cp\u003eThe ammunition market in North America is expected to grow from US$ 14,420.06 million in 2022 to US$ 23,144.92 million by 2028. It is estimated to grow at a CAGR of 8.2% from 2022 to 2028.\u003c\/p\u003e\n\n\u003cp\u003eSurge in Military Spending Promotes Procurement of Ammunitions\u003c\/p\u003e\n\n\u003cp\u003eThe rise in military expenditure is one of the major factors that is promoting the procurement of ammunition and guns worldwide. For instance, according to the SIPRI data, the US spent ~US$ 734 billion, US$ 778 billion, and US$ 800 billion in its military expenditure in 2019, 2020, and 2021, respectively. The sudden increase in demand for ammunition since 2020 is also driving the ammunition market growth. The firearm \u0026amp; ammunition industry witnessed huge increase from 2020 to 2021, according to several defense sources that have increased the procurement of ammunition. Moreover, commercial applications such as hunting and other shooting sports have witnessed a rise in demand for ammunition and firearms, which is catalyzing the ammunition industry.\u003c\/p\u003e\n\n\u003cp\u003eMarket Overview\u003c\/p\u003e\n\n\n\n\u003cp\u003eBased on country, the North America ammunition market is segmented into the US, Canada, and Mexico. The growing threat from terrorism and lenient gun laws are expected to promote the usage of bullets in the region. Over the years, according to the data published by Stockholm International Peace Research Institute (SIPRI), the US recorded an increase in military expenses, from US$ 801.68 billion in 2020 to US$ 827.12 billion in 2021. The increase in military expenditure by North American countries influences the growth of the North American ammunition market.\u003c\/p\u003e\n\n\u003cp\u003eIncreased use of munitions by armed forces and a high number of terrorist incidents led to more use of ammo in North America, which are expected to boost the ammunition market growth in the region. North American government and companies has entered into numerous contracts with major ammunition market players for the supply of ammunition, thereby driving the growth of the ammunition market in the region.\u003c\/p\u003e\n\n\u003cp\u003eNorth America Ammunition Market Revenue and Forecast to 2028 (US$ Million)\u003c\/p\u003e\n\n\u003cp\u003eNorth America Ammunition Market Segmentation\u003c\/p\u003e\n\n\u003cp\u003eThe North America ammunition market is segmented into product, application, guidance, lethality, caliber, and country.\u003c\/p\u003e\n\n\u003cp\u003eThe North America ammunition market, by product type, is segmented into bullets, aerial bombs, grenades, artillery shells, mortars, and others. In 2021, the aerial bombs segment dominated market.\u003c\/p\u003e\n\n\u003cp\u003eThe ammunition market by application is segmented into defense and commercial. In 2021, the defense segment dominated the North America ammunition market.\u003c\/p\u003e\n\n\u003cp\u003eThe North America ammunition market, by guidance, is segmented into guided and non-guided. In 2021, the guided segment held a larger market share in 2021.\u003c\/p\u003e\n\n\u003cp\u003eThe North America ammunition market by lethality is segmented into non-lethal and lethal. In 2021, the lethal segment held a larger market share in 2021.\u003c\/p\u003e\n\n\u003cp\u003eThe North America ammunition market, by caliber, is segmented into small caliber ammunitions, medium caliber ammunitions, and large caliber ammunitions. In 2021, the large caliber ammunitions segment held the largest market share in 2021.\u003c\/p\u003e\n\n\u003cp\u003eBased on country, the market is segmented into the US, Canada, and Mexico. The Us dominated the market in 2021. AMTEC Corporation, BAE Systems, Elbit Systems Ltd, NAMMO AS, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, RUAG Group, Thales Group, and Vista Outdoor Operations LLC are the leading companies operating in the ammunition market in the region.\u003c\/p\u003e \n\n\u003cp\u003eReasons to Buy\u003c\/p\u003e\n\n\u003cp\u003eSave and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the North America ammunition market \u003cbr\u003e\nHighlights key business priorities in order to assist companies to realign their business strategies \u003cbr\u003e\nThe key findings and recommendations highlight crucial progressive industry trends in the North America ammunition market, thereby allowing players across the value chain to develop effective long-term strategies \u003cbr\u003e\nDevelop\/modify business expansion plans by using substantial growth offering developed and emerging markets \u003cbr\u003e\nScrutinize in-depth North America market trends and outlook coupled with the factors driving the ammunition market, as well as those hindering it \u003cbr\u003e\nEnhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution\u003c\/p\u003e","brand":"Public Sector","offers":[{"title":"November, 2022 \/ 181 Pages \/ MCW16266713","offer_id":47700153827634,"sku":null,"price":3600.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/north-america-ammunition-market-forecast-to-2028-covid-19-impact-and-regional-analysis-by-product-bullets-aerial-bombs-grenades-artillery-shells-mortars-and-others-application-defense-and-commercial-guidance-guided-and-non-guided-lethali","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}