The global ammunition market, valued at USD 68.57 billion in 2023, is projected to decline to USD 36.75 billion by 2030, reflecting a Compound Annual Growth Rate (CAGR) of -11.3% from 2024 to 2030.
Increased procurement of defense equipment by global militaries—driven by a rise in terrorist activities and hostilities—is expected to positively impact the industry over the forecast period.
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Highlights
Introduction to the Equity Market Sector
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