The global market for ammunition, which was valued at US$ 19.2 billion in 2021, is anticipated to grow by 4.16 % year over year in 2022 to reach US$ 20 billion.
Demand is mostly being driven by more defense spending to stave off external aggression. The creation of light bullets with polymer cases is another impetus for ammunition producers. By 2020, centerfire ammunition is anticipated to command a market share of more than two thirds of all sales, elevating it to the pinnacle of the defense industry.
Read more : https://www.factmr.com/report/....4535/ammunition-mark