Ammo Market Expected To Reach $16 Billion By 2024

posted on November 8, 2016

Grand View Research reports that the global ammunition market size is expected to witness significant growth over the next eight years—reaching $16 billion. Fueling this growth is the rise in terrorist organizations and activities. 

The United States, China, Saudi Arabia and Russia are the countries spending the most on guns and ammunition. The U.S. accounted for 36 percent of the global expenditure on firearms, followed by China with a share of 13 percent.

The two end-user categories for ammunition are civil and defense, and the civil sector is responsible for nearly two-thirds of the global revenue share. So it’s no surprise that the ammunition industry trends reflect the increasing demand for hunting and the shooting sports. With outdoor recreation such a big business in North America—most notably, the United States—the continued growth of the hunting and shooting sports factors heavily into the projected numbers.

Latest

reloading scale
reloading scale

Gun Skills | Reloading 4: Load Refinement

If you are not satisfied with the cartridges you are handloading, there are plenty of avenues for improvement.

Gun Review | Lipsey’s Ruger SP101

The size, configuration and versatility of this gun makes it a fine choice for self-defense.

Supreme Court Upholds ATF Rule on “Firearms,” Unfinished Receivers and Kits

The United States Supreme Court upheld a Biden administration gun-control rule.

More Change is Underway at the ATF

The Trump administration has already ushered in much needed change at the ATF, and this is another important move.

Trump Works To Rescind The Biden-Harris War On Gun Owners

President Trump signed a huge executive order earlier this year that, by its very name, protects the Second Amendment rights of Americans.

The Armed Citizen® March 29, 2025

True stories of the right to keep and bear arms



Get the best of America's 1st Freedom delivered to your inbox.