AMMUNITION MARKET
The ammunition market was worth USD 7.95 billion in 2020 and is expected to grow to USD 11.85 billion by 2030, with a CAGR of 4.1% from 2021 to 2030.
The COVID-19 pandemic is expected to have a minor influence on ammunition industry revenues. The pandemic could have a little impact on the Ammunition Market demand-side dynamics, as some countries may choose to slash their budgets, hurting weapon and ammunition procurement plans. However, these procurement delays are only expected to last a short time, and there are no indications that demand will drastically fluctuate as a result of the epi5demic.
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