The global small caliber ammunition market is expected to witness steady growth due to increasing demand from military and law enforcement agencies, hunting and sports, and self-defense applications. North America leads the market due to its high demand in defense and neighboring regions.
—
The global small caliber ammunition market size is expected to reach USD 9.35 Billion in 2028 and register a revenue CAGR of 2.3% over the forecast period, according to the latest report by Emergen Research.
Within the worldwide guns industry, the small calibre ammunition market is one that is expanding quickly. Small calibre ammunition, which has a bullet diameter of.50 inches or less, is frequently used for self-defense, hunting, and target shooting. Over the following ten years, a number of factors are expected to contribute to the small calibre ammunition market’s continued growth.
Demand for personal and home defence is one of the main factors propelling growth in the small calibre ammunition market. The need for weapons and ammunition for personal protection is growing as more people worry about their safety and security. This tendency has been especially noticeable in the US, where over the past ten years there has been a steady rise in the sales of firearms and ammunition.
The burgeoning worldwide military and law enforcement industries are another element promoting expansion in the small calibre ammunition industry. There is an increasing demand for high-quality, dependable ammunition that can be utilised in a variety of settings as nations throughout the world continue to invest in their military forces and police agencies. Small-caliber ammunition intended for use by the military and law enforcement has so become more popular.
Request Free Sample Copy (To Understand the Complete Structure of this Report [Summary + TOC]) @ https://www.emergenresearch.com/request-sample/875
The small calibre ammunition business does face some substantial obstacles, though. The expanding restrictions on guns and ammunition in many nations is one of the main problems. It has also made it more challenging for people to lawfully buy firearms and ammunition. This has led to heightened inspection of small calibre ammunition producers and distributors.
The market for small-caliber ammunition is also faced with a considerable obstacle in the form of rising production and raw material costs. The price of the raw materials required to make tiny calibre ammunition is rising along with the demand for it. This has caused consumer prices to rise, which may in turn cause demand to decline and market growth to slow.
Despite these difficulties, the small calibre ammunition industry is expanding due to a number of causes. The use of new technologies and materials in the manufacture of ammunition is one of these elements that is becoming more and more important. For instance, several manufacturers today create ammunition that is more dependable and accurate than ever before by utilising cutting-edge manufacturing techniques and materials, such as plastics and composites.
Small Caliber Ammunition Market Segmentation:
Emergen Research has provided an in-depth analysis of the global small caliber ammunition market and has segmented it based on caliber type, bullet type, gun type, end-use, and region. The report highlights the projected revenue for each segment from 2018 to 2028.
Based on the caliber type, the market is segmented into various sizes, including .223 Remington, .308 Winchester, 9mm, 62mm, 45 ACP, .338 Lapua Magnum, 56mm, and others. The report provides an estimated revenue for each segment for the period 2018-2028.
Bullet type is another important parameter that is taken into account in the segmentation of the small caliber ammunition market. The report has divided the bullet types into lead, copper, brass, and others. The report provides an estimated revenue for each segment for the period 2018-2028.
The gun type is also considered a crucial factor while analyzing the small caliber ammunition market. The market is segmented into rifles, pistols, handguns, shotguns, and others. The report provides an estimated revenue for each segment for the period 2018-2028.
End-use is another crucial parameter used in the segmentation of the small caliber ammunition market. The market is segmented into military and homeland security, law enforcement, hunting and sports, and self-defense. The report provides an estimated revenue for each segment for the period 2018-2028.
In addition to the above parameters, the report also provides a detailed analysis of the small caliber ammunition market by region. The regions include North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. The report provides a detailed analysis of the market for each region for the period 2018-2028.
Browse Full Report Description + Research Methodology + Table of Content + Infographics @ https://www.emergenresearch.com/industry-report/small-caliber-ammunition-market
Some Key Highlights From the Report:
In April 2020, Thales’s subsidiary, Australian Munitions, recorded its largest munitions export orders of over USD 30 Million from the U.S due to a surge in demand for small caliber ammunition. This is an example of one of the growth drivers for the small caliber ammunition market. The market has been experiencing a steady growth in demand due to an increase in firearm sales and usage for various purposes, such as hunting, sports, and self-defense. Moreover, the growth in demand from military and law enforcement agencies has been driving the growth of the small caliber ammunition market.
9mm segment accounted for significantly robust revenue share in 2020 owing to feature of reduced gun recoil, which makes it easier to handle due to its lower recoil. This feature has made 9mm caliber ammunition increasingly popular in the law enforcement and military sectors, as well as in civilian self-defense applications. Additionally, the 9mm segment is cost-effective compared to other caliber types, making it an attractive option for budget-conscious consumers.
Lead segment accounted for significantly large revenue share in 2020 and is expected to register a steady growth rate during the forecast period due to its cost-effectiveness and ease of production compared to other bullet types such as copper and brass. The lead segment has a long history of usage in small caliber ammunition and is preferred for its reliability and accuracy. It is also widely used in hunting and shooting sports due to its ability to expand upon impact and transfer maximum energy to the target.
Some major companies included in the global market report are Aguila Ammunition, BAE Systems, Nammo AS, Northrop Grumman Corporation, CBC Global Ammunition, General Dynamics Ordnance and Tactical Systems, Elbit Systems Ltd., FN Herstal, Denel Pretoria Metal Pressings (PMP), and Olin Corporation.
North America accounted for largest revenue share in 2020 owing to increased usage of small caliber ammunition among armed forces and growing number of drug cartels in neighboring region such as Central America due to its high demand in military and law enforcement agencies.
About Us: Emergen Research is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Types, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trend’s existent in the market. Emergen Research has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.
Contact Info:
Name: Eric Lee
Email: Send Email
Organization: Emergen Research
Address: 14671 110 Avenue, Surrey, British Columbia, V3R2A9
Phone: 604757975
Website: https://www.emergenresearch.com/
Release ID: 89095528
