North America Ammunition Market Development
Status till 2028 Size,
Key Players Analysis

The 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. 

The escalating global military spending acts as a significant catalyst for the increased procurement of ammunition and guns. For instance, data from the Stockholm International Peace Research Institute (SIPRI) reveals a consistent upward trend in US military expenditure, reaching approximately $734 billion in 2019, $778 billion in 2020, and $800 billion in 2021. This surge in demand for ammunition, particularly noticeable since 2020, is a key driver propelling the ammunition market forward. Defense sources indicate a substantial expansion in the firearm and ammunition industry between 2020 and 2021, fueled by heightened ammunition procurement. Furthermore, the ammunition industry is gaining momentum from increased demand in commercial sectors, including hunting and shooting sports.   

North America Ammunition Market Overview

Within North America, the ammunition market encompasses the United States, Canada, and Mexico. The prevailing threat of terrorism, coupled with relatively lenient gun regulations, is anticipated to bolster ammunition usage across the region. SIPRI data highlights a consistent rise in US military spending, from $801.68 billion in 2020 to $827.12 billion in 2021. This upward trajectory in military expenditure among North American nations significantly influences the growth of the regional ammunition market.

The heightened utilization of munitions by armed forces alongside a considerable number of terrorist incidents has led to increased ammunition consumption in North America, factors expected to further stimulate market expansion. Numerous contracts between North American governments and companies with major ammunition market players for supply agreements are also contributing to the market's growth in this region.

North America Ammunition Market Strategic Insights

Strategic insights for the North America Ammunition market offer a data-centric analysis of the industry's dynamics, including prevailing trends, key market participants, and specific regional characteristics. These insights provide actionable recommendations, empowering stakeholders to differentiate themselves by identifying untapped market segments or cultivating unique value propositions. By leveraging data analytics, these insights enable industry players, including investors and manufacturers, to anticipate market shifts. Adopting a forward-looking perspective is crucial for stakeholders to foresee market changes and strategically position themselves for sustained success within this evolving region. Ultimately, effective strategic insights equip readers with the knowledge to make informed decisions that foster profitability and achieve their business objectives within the market.   

North America Ammunition Regional Insights

The geographic scope of the North America Ammunition market defines the specific areas where businesses operate and compete. A deep understanding of local nuances, such as diverse consumer preferences (for example, demand for specific calibers or specialized ammunition types), varying economic conditions, and distinct regulatory landscapes, is essential for tailoring effective market strategies. Businesses can broaden their market reach by identifying underserved areas or adapting their product offerings to meet local demands. A focused market approach allows for more efficient resource allocation, targeted marketing campaigns, and improved positioning against local competitors, ultimately driving growth within these specific areas.

North America Ammunition Market Segments Covered

North America Ammunition Market By Product

• Bullets
• Aerial Bombs
• Grenades
• Artillery Shells
• Mortars

North America Ammunition Market By Application

• Defense and Commercial

North America Ammunition Market By Guidance

• Guided and Non-Guided

North America Ammunition Market By Lethality

• Non-Lethal and Lethal

North America Ammunition Market By Caliber

• Small Caliber Ammunition
• Medium Caliber Ammunition
• Large Caliber Ammunition

North America Ammunition Market Regions and Countries Covered

North America

• US
• Canada
• Mexico

North America Ammunition Market leaders and key company profiles

• AMTEC Corporation
• BAE Systems
• Elbit Systems Ltd
• NAMMO AS
• Northrop Grumman Corporation
• Raytheon Technologies Corporation
• Rheinmetall AG
• RUAG Group
• Thales Group
• Vista Outdoor Operations LLC

Other Reports:

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North America Diagnostic Imaging Market: https://business-news-insights.blogspot.com/2025/05/north-america-diagnostic-imaging-market.html  

North America Bottled Water Market: https://github.com/SuryakantGadekar/Business-Market-Insights/issues/29 

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Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights