The report further mentions that the global market size was USD 25.46 billion in 2023 is projected to reach USD 29.96 billion by 2027, exhibiting a CAGR of 1.71% during the forecast period from 2023 – 2027. Ammunitions are majorly utilized in rifles, shotguns, and handguns with a wide range of calibers. The rising cases of mass shooting, as well as increasing terrorist activities are further resulting in the need for personal safety.
Source :- https://www.fortunebusinessins....ights.com/ammunition
