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Ammunition Market Insights, Future Trends, Growth estimation, Business Opportunities and Forecast By 2032

Posted by Yashi Vaidya on July 19, 2024 at 6:07am 0 Comments

The global ammunition market was valued at US$ 19.2 billion in 2021 and is projected to see a year-on-year increase of 4.16% in 2022, reaching a value of US$ 20 billion. During the 2022-2032 assessment period, demand is expected to rise at a 5.7% compound annual growth rate (CAGR), potentially reaching US$ 35 billion by the end of the forecast period.

The primary driver of this demand is increased defense spending to counter external aggression. Additionally, the development of… Continue 4738407

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