Global Artillery Shells Market Growth 2025-2031
Description
The global Artillery Shells market size is predicted to grow from US$ 17750 million in 2025 to US$ 3739 million in 2031; it is expected to grow at a CAGR of -22.9% from 2025 to 2031.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Artillery shells are consumable munitions used in medium- and large-caliber artillery systems for delivering explosive, fragmentation, or specialized effects over long distances. Primarily deployed by military forces, they are essential to both offensive and defensive combat strategies. Artillery shells are typically used in howitzers, cannons, and similar field artillery platforms, playing a critical role in ground warfare. As a key component of modern armed forces’ firepower, these munitions are vital not only in wartime scenarios but also during periods of peace, where they serve in combat training, readiness exercises, and reserve stockpiling.
Current Market Landscape
The artillery shells market is marked by a high level of industry concentration and significant barriers to entry. Leading global suppliers are mainly headquartered in the United States and Europe, with a small number of major players accounting for the majority of global market revenue. These companies benefit from established relationships with national defense agencies, long-term contracts, and specialized technological capabilities. The industry’s growth has been reinforced by geopolitical developments, particularly the extended military conflict between Russia and Ukraine, where heavy reliance on artillery has greatly increased shell consumption on both sides. Additionally, many NATO and EU countries have faced pressure to restock depleted ammunition depots, highlighting the need for consistent supply even outside active battlefields.
Future Trends and Growth Drivers
Looking ahead, the artillery shells market is expected to experience sustained growth driven by rising global defense readiness. Increasing frequency and intensity of military training, coupled with a shift toward regularized combat simulation and confrontational drills, are expected to maintain high levels of shell consumption even during peacetime. As global security environments remain volatile, countries are reinforcing ammunition reserves and expanding their operational training programs. This persistent demand, alongside modernization efforts and heightened military investment, points to strong growth potential for artillery shells. The market is not only supported by current conflict zones but also by the structural requirements of national defense strategies worldwide.
LP Information, Inc. (LPI) ' newest research report, the “Artillery Shells Industry Forecast” looks at past sales and reviews total world Artillery Shells sales in 2024, providing a comprehensive analysis by region and market sector of projected Artillery Shells sales for 2025 through 2031. With Artillery Shells sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Artillery Shells industry.
This Insight Report provides a comprehensive analysis of the global Artillery Shells landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Artillery Shells portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Artillery Shells market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Artillery Shells and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Artillery Shells.
This report presents a comprehensive overview, market shares, and growth opportunities of Artillery Shells market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
155mm
152mm
122mm
105mm
Other
Segmentation by Application:
High-Explosive (HE)
Smoke
Illumination
Training Rounds
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
General Dynamics
Nammo
KNDS
BAE Systems
Elbit Systems
Day & Zimmermann
Rheinmetall
Rostec
NORINCO
Poongsan Corporation
MESKO
MKE
Key Questions Addressed in this Report
What is the 10-year outlook for the global Artillery Shells market?
What factors are driving Artillery Shells market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Artillery Shells market opportunities vary by end market size?
How does Artillery Shells break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
The impact of the latest U.S. tariff measures and the corresponding policy responses from countries worldwide on market competitiveness, regional economic performance, and supply chain configurations will be comprehensively evaluated in this report.
Artillery shells are consumable munitions used in medium- and large-caliber artillery systems for delivering explosive, fragmentation, or specialized effects over long distances. Primarily deployed by military forces, they are essential to both offensive and defensive combat strategies. Artillery shells are typically used in howitzers, cannons, and similar field artillery platforms, playing a critical role in ground warfare. As a key component of modern armed forces’ firepower, these munitions are vital not only in wartime scenarios but also during periods of peace, where they serve in combat training, readiness exercises, and reserve stockpiling.
Current Market Landscape
The artillery shells market is marked by a high level of industry concentration and significant barriers to entry. Leading global suppliers are mainly headquartered in the United States and Europe, with a small number of major players accounting for the majority of global market revenue. These companies benefit from established relationships with national defense agencies, long-term contracts, and specialized technological capabilities. The industry’s growth has been reinforced by geopolitical developments, particularly the extended military conflict between Russia and Ukraine, where heavy reliance on artillery has greatly increased shell consumption on both sides. Additionally, many NATO and EU countries have faced pressure to restock depleted ammunition depots, highlighting the need for consistent supply even outside active battlefields.
Future Trends and Growth Drivers
Looking ahead, the artillery shells market is expected to experience sustained growth driven by rising global defense readiness. Increasing frequency and intensity of military training, coupled with a shift toward regularized combat simulation and confrontational drills, are expected to maintain high levels of shell consumption even during peacetime. As global security environments remain volatile, countries are reinforcing ammunition reserves and expanding their operational training programs. This persistent demand, alongside modernization efforts and heightened military investment, points to strong growth potential for artillery shells. The market is not only supported by current conflict zones but also by the structural requirements of national defense strategies worldwide.
LP Information, Inc. (LPI) ' newest research report, the “Artillery Shells Industry Forecast” looks at past sales and reviews total world Artillery Shells sales in 2024, providing a comprehensive analysis by region and market sector of projected Artillery Shells sales for 2025 through 2031. With Artillery Shells sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Artillery Shells industry.
This Insight Report provides a comprehensive analysis of the global Artillery Shells landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Artillery Shells portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms’ unique position in an accelerating global Artillery Shells market.
This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Artillery Shells and breaks down the forecast by Type, by Application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Artillery Shells.
This report presents a comprehensive overview, market shares, and growth opportunities of Artillery Shells market by product type, application, key manufacturers and key regions and countries.
Segmentation by Type:
155mm
152mm
122mm
105mm
Other
Segmentation by Application:
High-Explosive (HE)
Smoke
Illumination
Training Rounds
Other
This report also splits the market by region:
Americas
United States
Canada
Mexico
Brazil
APAC
China
Japan
Korea
Southeast Asia
India
Australia
Europe
Germany
France
UK
Italy
Russia
Middle East & Africa
Egypt
South Africa
Israel
Turkey
GCC Countries
The below companies that are profiled have been selected based on inputs gathered from primary experts and analysing the company's coverage, product portfolio, its market penetration.
General Dynamics
Nammo
KNDS
BAE Systems
Elbit Systems
Day & Zimmermann
Rheinmetall
Rostec
NORINCO
Poongsan Corporation
MESKO
MKE
Key Questions Addressed in this Report
What is the 10-year outlook for the global Artillery Shells market?
What factors are driving Artillery Shells market growth, globally and by region?
Which technologies are poised for the fastest growth by market and region?
How do Artillery Shells market opportunities vary by end market size?
How does Artillery Shells break out by Type, by Application?
Please note: The report will take approximately 2 business days to prepare and deliver.
Table of Contents
111 Pages
- *This is a tentative TOC and the final deliverable is subject to change.*
- 1 Scope of the Report
- 2 Executive Summary
- 3 Global by Company
- 4 World Historic Review for Artillery Shells by Geographic Region
- 5 Americas
- 6 APAC
- 7 Europe
- 8 Middle East & Africa
- 9 Market Drivers, Challenges and Trends
- 10 Manufacturing Cost Structure Analysis
- 11 Marketing, Distributors and Customer
- 12 World Forecast Review for Artillery Shells by Geographic Region
- 13 Key Players Analysis
- 14 Research Findings and Conclusion
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