Publish Date: September 2026
Updated Tariff & Recession Risk Analysis and Forecasts
The Ammunition Manufacturing Market Report covers the $6.4 billion industry which produces small arms cartridges for military, law enforcement, recreational, and commercial applications. Competitive structure features established ammunition manufacturers with extensive product portfolios alongside specialized producers addressing particular performance categories or market segments. Market requirements increasingly emphasize consistent performance, specialized ballistic characteristics addressing particular applications, reliable function across diverse firearms, and increasingly sustainable materials addressing environmental concerns. Manufacturers face challenges balancing high-volume production efficiency, quality control parameters, material engineering, and regulatory compliance across domestic and international markets. Successful companies establish advantages through advanced manufacturing technologies ensuring consistent quality, specialized ballistic engineering optimizing performance for specific applications, comprehensive testing validating specifications, and increasingly sustainable materials addressing lead and other environmental concerns in a sector where both product consistency and performance reliability determine competitive positioning across diverse ammunition applications.
Ammunition Manufacturing Industry Definition
Ammunition Manufacturing produces small arms cartridges for sporting, law enforcement, military, and personal defense applications. Companies manufacture cartridge cases, primers, projectiles, and propellants, then assemble these components into complete ammunition with specific ballistic performance characteristics. Manufacturing processes include brass or steel forming for cases, lead alloying and forming for projectiles, primer compound mixing and loading, propellant measurement, and precision assembly operations conducted with strict quality control and safety protocols. These businesses serve military, law enforcement, and civilian markets with products meeting strict performance and safety standards. The industry focuses on consistent performance, reliability, and safety while developing specialized loads for particular applications, continuously improving manufacturing precision, quality control, and performance consistency while meeting strict regulatory requirements for energetic materials.
NAICS Code: 332992
Total # of Companies: 160
Total # of Factories / Facilities: 161
Industry Employees: 13,929
Market Size: $6.4 billion
TARIFF IMPACT (Summer 2025 – Download Report for Updated Analysis)
This report has in-depth analysis on the recent US tariff changes on material costs, quantifying import dependencies, tariff exposure rates, and key source countries for the ammunition manufacturing sector.
Estimated Tariff Cost: $310 million
Relative Tariff Impact: VERY HIGH
Ammunition Manufacturing Report Format
The 2026 U.S. Ammunition Manufacturing Market Report is 63 pages of deep insights into the trends, dynamics, and forecasts shaping the industry. Professionals leverage this market report to develop a deep understanding of the market for business strategy, planning, forecasting, benchmarking, industry analysis, valuations, identifying organizational inefficiencies, financial analysis, and more.
This report covers more than 100 statistical data sets with historical trend data from 2017 to 2025, and 2026 and 2030 forecasts. The report includes sales & expense trends, detailed breakdown on 26 expenses, extensive financial analysis, forecasts on 100+ data sets, plant inventory analysis, detailed breakdown of 31 balance sheet items, segmentation by business size and structure, top 50 companies analysis, production material costs, profitability metrics, state metrics analysis, plant capacity analysis, organizational breakdown, 4 years of inflation analysis, compensation analysis, in-depth productivity analysis, and numerous other data sets.
Below are a few page images from the report and check out the table of contents for a complete overview.
Report Table of Contents
Review the table of contents to understand the extensive statistical data sets in this report and why thousands of executives, consultants, bankers, accountants, and other professionals trust Kentley Insights for their market research needs.
The sources for the report data include federal and private surveys completed by the majority of companies in the sector covering extensive financial and operational topics for the ammunition manufacturing industry. Our forecasts take into account historical trends, industry dynamics, and our macroeconomic projections.
1-2 – Market Report Overview & Contents
3 – Market Overview
– Data Sources & Methodology
– Sector Definition & Examples
– Market Commentary
4 – Report Synopsis – Revenue & Growth
5 – Report Synopsis – Costs & Profitability
SECTION ONE
REVENUE & GROWTH
7 – Market Size Details
– Industry Revenues, Companies, & Facilities
– Analysis 2017-2025
– 2026 & 2030 Forecasts
8 – Growth Benchmarks
– Sales per Company and Plant
– Analysis 2017-2025
– 2026 & 2030 Forecasts
9 – Product Lines Revenue
10 – BCG Matrix – Income vs. Revenue Growth
11 – Total Industry Sales by Month & Year (2021-2025)
12 – Inventory Value by Month & Year (2021-2025)
13 – Months of Inventory (2021-2025)
14 – Sector Revenue by Segments
– Business Concentration, Size, & Structure
15 – Market Size by State
– Market Size and Rankings
16 – Market Size as a % of State GDP
17 – Sales as a % of State Manufacturing
18 – Market Segmentation by Business Size
19 – Market Segmentation by Business Size
– Business Size Segments – 1-4, 5-9, 10-20, 21-50, 51-100, 101-250, & 250+ employees
– Companies, Facilities, Sales, Employees & Payroll
20 – Segmentation by Concentration (Top 50 Companies)
– Concentration Segments – Top 4, 5-8, 9-20, & 21-50 companies
– Companies, Facilities, Sales, Employees & Payroll
21 – Market Share of Top 50 Companies
22 – Subsector Market Share of Top 50 Companies
23 – Segmentation by Business Structure
– Business Structure Segments – C-Corporations, S-Corporations, Partnerships, & Sole Proprietorships
– Companies, Facilities, Sales, Employees & Payroll
24 – Revenue per Company by State
25 – Revenue per Company by Segments
26 – Revenue per Facility by State
27 – Revenue per Facility by Segment
28 – Subsector Market Size & Growth
29 – Subsector Sales per Company & Plant
30 – 5-Year Consolidation Analysis
31 – Employment Consolidation Analysis
32 – Subsector Consolidation Analysis
– Number of Companies & Facilities
33 – Subsector Consolidation Analysis
– Facilities & Employees per Company
COST, CAPITAL & FINANCIALS
35 – Profitability & Financial Ratio Analysis
Page 36 – Balance Sheet Metrics
– Assets and Liabilities indexed to industry revenue at 100
– 16 Current & Non-Current Assets Categories
– 15 Short-term, Long-term Liabilities, & Net Worth
37 – OPEX
– Industry OPEX Analysis
– 2017-2025 Trends, 2026 & 2030 Forecasts
38 – OPEX by Company & Plant
– OPEX per Company & Plant
– 2017-2025 Trends, 2026 & 2030 Forecasts
Page 39 – OPEX Detail
– 6 Employee Expense Categories
– 8 Cost of Material Categories
– 6 Buildings and Equipment Categories
– 8 Other Operating Expense Categories
-Inventory Breakdown: finished goods, work-in-progress, materials and supplies
40 – Production Material Costs & Tariff Analysis
– Top Production Material Costs Breakdown
– Industry & Material Tariff Analysis – % of costs, import %, tariff costs, source countries
41 – Producer Pricing Index
– 2017-2025 Trends, 2026 & 2030 Forecasts
– Monthly PPI Figures for the Past 4 Years
42 – Plant Utilization & Hours
– Plant Utilization Rate
– Plant Operational Hours per Week
– 2022-2025 Historical Figures by Quarter
43 – Reasons for Non-Full Production
– 7 Categories Quarterly Survey Results for Past 2 Years
44 – Productivity & Employment
– Revenue per Employee
– Total Number of Employees
– Employees per Company
– 2017-2025 Trends, 2026 & 2030 Forecasts
45 – Employee Productivity by Segments
46 – Employee Productivity by State
47 –Subsector Sales & Payroll per Employee
48 – Payroll
– Payroll per Employee, Company, & Plant
– 2017-2025 Trends, 2026 & 2030 Forecasts
49 – Payroll per Company by Segments
50 – Payroll per Plant by Segments
51 – Payroll per Employee by Segments
52 – Payroll per Employee by State
53 – Employee Composition
– % of Employees for 27 Job Categories
54 – Job Categorization Pay Ranges
– Pay Bands – Bottom 10% & 25%, Mean, Top 25% & 10%
55 – Top 20 Jobs Breakdown
56 – Top 20 Jobs Pay
– Pay Bands
57 – Employees per Company by Segments
58 – Employees per Plant by Segments
59 – Facilities per Company by Segments
60 – Total Employment by State
61 – Population to Every Employee by State
62 – Employees per Facility by State
63 – Overview of Kentley Insights
Download a Sample Report
Below is a free sample report download. The 2026 Ammunition Manufacturing Market Report has the same layout and data sets as the sample report.
Product Lines, Materials, and Jobs Covered in Report
PRODUCT LINES
Small arms ammunition manufacturing
MATERIAL COST CATEGORIES
Cost of all other materials and components, parts, containers, and supplies consumed
Misc. fabricated metal products (excluding hardware, containers, screw machine, bearing components, castings, forgings, and wire)
Misc. copper-base alloy shapes and forms (exclud. wire products, ingot, castings, cathodes, anodes, pipe, tube, rods, bar)
Nonferrous metal shapes, forms, sheet, strip, powder, and wire (excluding castings / forgings), excluding aluminum and copper
Explosive materials (including ammonium nitrate) and blasting accessories
Materials, ingredients, containers, and supplies, nsk
Misc. iron, steel, and ferroalloy ingot, shapes, and forms (excluding castings, forgings, bars, structural, wire, sheet, strip)
Plastics products (including packaging, foam products, film, sheet, rod, tube, fabricated shapes, bottles, etc.)
Paper and paperboard products
Copper and copper-base alloy pipe and tube
INDUSTRY JOBS ANALYZED
Metal Workers and Plastic Workers
Assemblers and Fabricators
Other Production Occupations
Engineers
Material Recording, Scheduling, Dispatching, and Distributing Workers
Supervisors of Production Workers
Material Moving Workers
Other Installation, Maintenance, and Repair Occupations
Business Operations Specialists
Operations Specialties Managers
Sales Representatives, Wholesale and Manufacturing
Top Executives
Information and Record Clerks
Drafters, Engineering Technicians, and Mapping Technicians
Construction Trades Workers
Other Office and Administrative Support Workers
Financial Clerks
Secretaries and Administrative Assistants
Computer Occupations
Financial Specialists
About Kentley Insights
All the top consulting firms, banks, accounting firms, private equity firms, and many of the Fortune 1000 depend on Kentley Insights for their in-depth market research needs.
Purchase the 2026 U.S. Ammunition Manufacturing Market Report to unlock the 63 pages of data-rich insights backed by our 100% MoneyBack Guarantee.
Support Contact:
Email us at support@kentleyinsights.com
Call us at 1-800-613-3611