Ammunition Market Size Is Projected To Reach USD 36.75 Billion By 2030
San Francisco, 16 Jan 2024: The Report Ammunition Market Size, Share & Trends Analysis Report By Caliber (Small, Medium, Large, Rockets & Missiles), By Small Ammunition Product (Rimfire, Centerfire), By End-use (Civil & Commercial, Defense), By Region, And Segment Forecasts, 2024 - 2030 The global ammunition market size is expected to reach USD 36.75 billion by 2030, according to a new report by Grand View Research, Inc. It is expected to decline at a CAGR of -11.3% from 2024 to 2030. Increasing investments in defense equipment by militaries on account of the rise in geopolitical tension across the globe are anticipated to drive the demand for ammunition in the estimated time. Increasing procurement of artillery and mortar platforms by the Indian Army over the next ten years through several development platforms is expected to raise the number of ammunition over the forecast period. Additionally, the rise in hostilities is expected to ascend the demand for ammunition i