Ammunition market to hit $114.9B by ’28

NEW YORK – The global ammunition market was valued at $10.4 million in 2021 and is expected to exhibit a compound annual growth rate of 1.31% over the forecast period (2021-2028). Ammunition is gunpowder used to project force against a specific target.

Rifle’s ammunition sales still among tops in the nation

The humble Winchester .30-30 hunting rifle has definitely stood the test of time as evidenced by the amount of ammunition sold for the gun. After 125 years on the market, the .30-30 ranked fourth in centerfire rifle ammunition sales in the United States in 2015, according to gun writer Chuck Hawks.