Ammunition Manufacturers

Top 14 Ammunition Manufacturers in the World

According to IMARC Group, The global ammunition market size reached US$ 24.8 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 34.6 Billion by 2032, exhibiting a growth rate (CAGR) of 3.62% during 2024-2032.

Ammunition refers to the materials used in firearms, cannons, or other weaponry to propel a projectile toward a target. It generally includes a cartridge or a shell casing, propellant, primer and a projectile. It is engineered to supply energy and terminal ballistics to accomplish the desired results. It is a vital component in the operation of firearms and has evolved significantly over time in terms of design, materials, and effectiveness. It can be tailored to meet different firearms’ performance specifications and shooting sports standards. It is used in the small arms, artillery, tanks, aircraft, and other weapon types to engage enemy forces, eliminate targets, provide suppression fire and support tactical goals. It is also utilized by law enforcement agencies for various purposes, such as self-defense, catching suspects, providing cover fire during operations, and controlling the crowds. In addition, it is employed by hunters to hunt animals for food or population control.

They are also developing the bullet design, aerodynamics, and terminal ballistics to enhance the accuracy and range. In addition, leading players are striving to develop propellant formulations to improve efficiency, reliability, and environmental friendliness. They are developing specialized ammunition tailored as per specific applications, such as armor-piercing rounds, frangible bullets, and tracer rounds. Several key manufacturers are incorporating electronics and sensors to manufacture intelligent ammunition that can change trajectory depending on environmental conditions or user input. Additionally, they are generating modular ammunition systems that can be attached to several firearms or interchangeable parts which serve as a tool for versatility and logistic purposes.

Request for a free sample copy of this report:

In addition, they are advancing training ammunition and simulation technology to provide realistic training experiences while reducing costs and safety risks. Key manufacturers are adopting environment friendly manufacturing processes and materials to reduce the environmental impact of ammunition production and disposal. They are also streamlining packaging and logistics solutions to enhance storage, transportation, and deployment efficiency. Many key players are incorporating the latest regulatory requirements and international parameters on the production, distribution, and the export of ammunition. They are integrating the digital technologies and connectivity features in ammunition to track, monitor, and collect data for maintenance, inventory management and performance analysis purposes. Some manufacturers are coming up with less-lethal or non-lethal ammunition options, such as rubber bullets, bean bag cartridges, or pepper spray projectiles intended for use at riot control, crowd management and law enforcement situations.

Top 10 Ammunition Manufacturers in the World

  • Ammo Inc.
  • Arsenal 2000 AD
  • BAE Systems PLC
  • CBC Ammo LLC
  • Denel SOC Ltd
  • Hanwha Corporation
  • Herstal Group
  • Hornady Manufacturing Company
  • Nammo AS
  • Nexter group KNDS
  • Northrop Grumman Corporation
  • Nosler Inc.
  • Remington Outdoor Company Inc
  • Rheinmetall AG
  • Sierra Bullets (Clarus Corporation)

About Us

IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.

IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.

Our offerings include comprehensive market intelligence in the form of research reports, production cost reports, feasibility studies, and consulting services. Our team, which includes experienced researchers and analysts from various industries, is dedicated to providing high-quality data and insights to our clientele, ranging from small and medium businesses to Fortune 1000 corporations.

Contact US



USA: +1-631-791-1145 | Asia: +91-120-433-0800

Address: 134 N 4th St. Brooklyn, NY 11249, USA

Follow us on Twitter: @imarcglobal