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. Increasing defense spending, growing interest in activities such as hunting and shooting, increasing number of civilian gun owners, rising concerns regarding personal safety, and owing a gun for self-defense and protection are some key factors driving global small caliber ammunition market revenue growth.
Target shooting such as skeet shooting, field shooting, and trap shooting are popular in various countries across the globe, and this is supporting steady demand for small caliber ammunition. In addition, demand for handguns and small caliber ammunition for self-defense is increasing owing to rising incidence of crimes against person and property in various countries.
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A major factor hampering global small caliber ammunition market growth is imposition of government rules and regulations against procurement of arms and ammunition in different countries. Import-export laws and anti-corruption laws that differ from country to country also cause hindrance to growth of the small caliber ammunition market. In addition, lack of effective security and management at international borders encourages smuggling of domestically or locally produced weapons and ammunition.
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.
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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., New Zealand, Canada, Asia, and Europe. Australian Munitions is a major manufacturer of some of the world’s best propellants and small caliber ammunition and this order will increase small caliber ammunition market growth globally.
- 9mm segment accounted for significantly robust revenue share in 2020 owing to feature of reduced gun recoil, which makes it easier to handle. This caliber is widely used by law enforcement agencies as it allows faster target acquisition owing to compact size, which makes it easier to carry.
- Lead segment accounted for significantly large revenue share in 2020 and is expected to register a steady growth rate during the forecast period. Lead is cheap, malleable, and has low melting point, which makes it easier to mold and shape than most other materials.
- 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.
Competitive Landscape:
Furthermore, the report includes an in-depth analysis of the competitive landscape. The segment covers a comprehensive overview of the company profiles along with product profiles, production capacities, products/services, pricing analysis, profit margins, and manufacturing process developments. The report also covers strategic business measures undertaken by the companies to gain substantial market share.
Emergen Research has segmented the global Small Caliber Ammunition Market as :
Small Caliber Ammunition Market Caliber Type Outlook (Revenue, USD Billion; 2018–2028)
.223 Remington
.308 Winchester
9mm
62mm
45 ACP
.338 Lapua Magnum
56mm
Others
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Small Caliber Ammunition Market Bullet Type Outlook (Revenue, USD Billion; 2018-2028)
Lead
Copper
Brass
Others
Regional Segmentation;
North America (U.S., Canada)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
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.
Overview of the Small Caliber Ammunition Market Report:
- Introduction, Product Scope, Market Overview, and Opportunities
- Regional analysis of the market along with sales, revenue, market share, and global position
- Country-wise analysis of the market along with types, applications, and manufacturing
- Strategic recommendations to established players as well as new entrants
Table of Contents:
Chapter 1: This section analyzes the global Small Caliber Ammunition Market introduction, product offerings, scope, growth opportunities, market risks, and key driving forces.
Chapter 2: This chapter presents a detailed study of the key manufacturers in the Small Caliber Ammunition Market , with sales and revenue estimations.
Chapter 3: This elaborates on the competitive scenario, with details on the major manufacturers and vendors.
Chapter 4: This section studies the global Small Caliber Ammunition Market based on regions.
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