Ammunition Market worth $33.1 billion in 2028 - Exclusive Report by MarketsandMarkets™
Based on caliber, the small caliber segment of the ammunition market is estimated to have the highest market share in 2023.
- Based on caliber, the small caliber segment of the ammunition market is estimated to have the highest market share in 2023.
- Based on caliber, the ammunition market has been segmented into small, medium, large, and others.
- Propellant segment of the ammunition market is projected to witness the highest CAGR during the forecast period.
- A greater demand for ammunition has been caused by several nations' focused ammunition upgrading initiatives, including China and India.