North America Ammunition Market Business Prospects by Forecast to 2028 Analysis, Development


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. 

Surge in Military Spending Drives Global Ammunition Procurement

Rising military expenditures are a key factor fueling the global demand for ammunition and firearms. According to data from the Stockholm International Peace Research Institute (SIPRI), U.S. military spending increased from approximately US$ 734 billion in 2019 to US$ 778 billion in 2020, and further to US$ 800 billion in 2021. This upward trend in defense budgets has directly contributed to a surge in ammunition procurement.

The sharp increase in demand for ammunition since 2020 has accelerated the growth of the global ammunition market. Defense agencies have significantly ramped up orders, as confirmed by various defense industry reports. Additionally, the rising popularity of commercial applications such as hunting and shooting sports has further boosted the demand for firearms and ammunition, contributing to industry expansion.

North America Ammunition Market Overview

In North America Ammunition Market is segmented by country into the U.S., Canada, and Mexico. The region’s market growth is largely driven by factors such as rising terrorist threats and relatively relaxed firearm regulations. As reported by SIPRI, U.S. military expenditure rose from US$ 801.68 billion in 2020 to US$ 827.12 billion in 2021, highlighting a continuous investment trend that supports Market growth.

The increased usage of munitions by the armed forces, combined with a high incidence of terrorist activities, has led to a greater demand for ammunition across North America. Government agencies and private companies have signed numerous contracts with leading ammunition manufacturers to ensure a consistent supply, further propelling market growth.

North America Ammunition Market: Strategic Insights

Strategic insights into the North America Ammunition Market offer a data-driven analysis of the competitive landscape, including key trends, major players, and regional market dynamics. These insights provide actionable recommendations to help businesses identify niche opportunities and craft distinct value propositions. By leveraging market analytics, stakeholders—ranging from investors to manufacturers—can anticipate industry shifts and position themselves for long-term success. A forward-looking approach ensures strategic decision-making that enhances profitability and competitive advantage in a fast-evolving market.

North America Ammunition: Regional Insights

Understanding the geographic landscape of the North American ammunition market is vital for success. This involves analyzing regional characteristics such as consumer preferences, economic conditions, and regulatory environments. For instance, local demands may vary significantly, requiring tailored offerings such as specific bullet types or storage solutions. Identifying underserved regions or adapting strategies to local market conditions allows businesses to optimize resource allocation, design targeted marketing efforts, and outmaneuver regional competitors. Ultimately, such localized insight supports effective expansion and sustained growth across North America.

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:

North America Smart Airport Market: https://sites.google.com/view/n-smart-airport/home 

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 

North America Patient Engagement Technology Market: https://penzu.com/p/02203ae6b026d5d7 

About Us:

Business Market Insights is a market research platform that provides subscription service for industry and company reports. Our research team has extensive professional expertise in domains such as Electronics & Semiconductor; Aerospace & Defense; Automotive & Transportation; Energy & Power; Healthcare; Manufacturing & Construction; Food & Beverages; Chemicals & Materials; and Technology, Media, & Telecommunications.

Author’s Bio:

Suryakant Gadekar

Senior Market Research Expert at Business Market Insights

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