The global ammunition market size stood at a value of approximately USD 27.82 billion in 2023. The market is further expected to grow at a CAGR of 3.6% in the forecast period of 2024-2032, reaching a value of USD 38.28 billion by 2032. This growth reflects the ongoing demand for ammunition in both military and civilian contexts. But the story of ammunition goes far beyond market figures. It's a...
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