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Ammunition Market Insights, Future Trends, Growth estimation, Business Opportunities and Forecast By 2032
Posted by Yashi Vaidya on July 19, 2024 at 6:07am 0 Comments 0 Likes
The global ammunition market was valued at US$ 19.2 billion in 2021 and is projected to see a year-on-year increase of 4.16% in 2022, reaching a value of US$ 20 billion. During the 2022-2032 assessment period, demand is expected to rise at a 5.7% compound annual growth rate (CAGR), potentially reaching US$ 35 billion by the end of the forecast period.
The primary driver of this demand is increased defense spending to counter external aggression. Additionally, the development of… Continue
The primary driver of this demand is increased defense spending to counter external aggression. Additionally, the development of… Continue
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