Ammunition Market: Trends, Growth, and Future Insights
The ammunition market plays a critical role in the defence, hunting, and sports industries. As of 2023, the market stood at a value of USD 27.82 billion, and it is projected to grow at a compound annual growth rate (CAGR) of 3.6% between 2025 and 2033, reaching a value of approximately USD 38.28 billion by 2033. This growth is driven by various factors, including the rising demand for defence...
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