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. 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. Furthermore, major countries such as the U.S., China, and Russia are focusing more on spending significant amounts on the procurement of small caliber ammunition to replace old arsenals with latest equipment. Increasing civil wars and conflicts, terrorist activities, and launch of more modern defense products are some other key drivers for growth of the global small caliber ammunition market.
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.
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The report also studies the key companies of the Small Caliber Ammunition market along with analysis of their business strategies, M&A activities, investment plans, product portfolio, financial standing, gross profit margin, and production and manufacturing capacities.
Based on the competitive landscape, the market report analyses the key companies operating in the industry:
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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The study finds that how on certain account threats and challenges can act as a roadblock for the business. A thorough evaluation of the Small Caliber Ammunition market in the light of macro-environment such as social, political, economical as well as technological environment add granularity to the overall research. In addition, the study produces real-time data on vital aspects including sales, profits, gross margin and growth prospects to show how going forward the business will witness a substantial upswing.
Further key findings from the report suggest
- 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.
The report further divides the Small Caliber Ammunition market into key segments such as types, applications, end-user industries, technologies, and key regions of the market. The report also sheds light on the segment and region exhibiting promising growth in the Small Caliber Ammunition market.
Emergen Research has segmented the global small caliber ammunition market on the basis of caliber type, bullet type, gun type, end-use, and region:
Caliber Type Outlook (Revenue, USD Billion; 2018–2028)
- .223 Remington
- .308 Winchester
- 9mm
- 62mm
- 45 ACP
- .338 Lapua Magnum
- 56mm
- Others
Bullet Type Outlook (Revenue, USD Billion; 2018-2028)
- Lead
- Copper
- Brass
- Others
Gun Type Outlook (Revenue, USD Billion; 2018–2028)
- Rifles
- Pistols
- Handguns
- Shotguns
- Others
End-use Outlook (Revenue, USD Billion; 2018–2028)
- Military and Homeland Security
- Law Enforcement
- Hunting and Sports
- Self-defense
The study segments the Small Caliber Ammunition industry in light of major classification such as product type, potential markets, application, and end-user. This industry assessment for the forecast period, 2021 – 2028 incorporates projections pertaining to the investment feasibility, gross margin, profits, consumption volume, production capability and major market vendors. Likewise, statistics associated with the competitive landscape, shifting consumer behaviour and spending power is showcased and well-explained with the help of treasured resources such as charts, graphs and graphic images, which can be easily incorporated in the business or corporate presentations.
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Key point summary of the report:
- The report offers a comprehensive overview of the market size, share, and growth rate in the forecast duration.
- It provides details about current scenario, historical data, giving an accurate market forecast for the coming years.
- The study categorizes the market on the basis of product types, applications, end users, market value and volume, business verticals, and 5 major regions.
- It also offers regional market analysis and forecast for prominent geographies in the sector viz., North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa.
- Industry supply chain, sourcing strategy, upstream feedstock, and downstream demand analysis has also been undertaken in the research report.
- The study offers a comprehensive understanding of the demand and supply dynamics, including production and consumption rates, and mapping of the overall market.
- The report employs different analytical tools including, SWOT analysis, Porter’s five forces analysis, and pricing analysis, to give precise market information.
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