The ammunition market sits at a curious inflection point. The market was valued at roughly $80.86 billion in 2025 and is projected to decline to $28.37 billion by 2033, reflecting a CAGR of -14.0% between 2026 and 2033. That steep drop doesn't signal a shrinking or failing industry — it reflects a market normalizing after an unusually intense, conflict-driven demand cycle. Between 2022...