VANCOUVER, BC, Dec. 21, 2021 /PRNewswire/ -- The global small caliber ammunition market size was USD 7.74 Billion in 2020. Rapid increase in civilian conflicts, international disputes, and increased adoption of small caliber weapons and ammunition by military, homeland security, and law enforcement agencies for maintaining law and order are key factors driving market revenue growth.
Drivers: Increase in military modernization programs in developing countries
Ammunitions plays a decisive role in escalating, prolonging, and intensifying armed conflicts. Countries such as Russia, China, Turkey, and India, among others are spending significant amounts to modernize their respective defense and military sectors. As a result, defense expenditure for procurement of small caliber ammunition and R&D activities has increased significantly over the past few years. These countries are spending significantly on military modernization programs to improve their firepower assets in terms of range, precision, mobility, and lethality.
Advancements in ammunition production technologies such as casting and cold swaging is supporting growth of the small caliber ammunition market. For instance, .300 Blackout (BLK) small caliber bullet has attracted from army special operatives and personnel as it is suitable for special operations such as to counter insurgency, hostage rescue, and mobility operations.
Click Here to Access Free sample PDF Copy of the Report@ https://www.emergenresearch.com/request-sample/875
Restraints: Imposition of economic, legal, and political regulations
Economic and political regulations often impact contracting and procurement processes of ammunition in various countries. Non-compliance with regulations could severely impact operations of major market players, thereby restraining growth of the small caliber ammunition market. Differences in regulations of different countries are driven by numerous legal and political factors. For instance, weapons and ammunition laws in the U.S and in India are different. India has stricter regulations regarding the use and carrying of a weapon and/or ammunition as compared to gun control laws in the U.S.
Growth Projections
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 and military spending, expanding police and security agency troop size, increasing number of female shooters, and increase in number of shooting competitions are some key factors driving revenue growth of the global small caliber ammunition market.
COVID-19 Direct Impact
COVID-19 pandemic continues to negatively impact various aspects and activities in countries across the globe. Several countries have been reporting and dealing with mutations and variants, and some developing countries have been forced to cut defense spending. Due to steep rise in COVID-19 infected, Latin American and African countries have cut respective defense budgets in order to invest more in the healthcare sector. COVID-19 has created shortage of small caliber ammunition worldwide. I Global manufacturing of small caliber ammunition, components, and assembly lines was impacted during the first half of 2020. Rising geopolitical tensions and cross border conflicts between various countries, which includes countries such as India, China, Australia, the U.S, and others, has created an increased demand for small caliber ammunition.
Buy your Exclusive copy @ https://www.emergenresearch.com/select-license/875
Current Trends and Innovations
Advancements in technologies and innovations in ammunitions such as green ammunition is boosting demand and driving growth of the small caliber ammunition market. Introduction of advanced and environment friendly small arms ammunition or green ammunition is having major impact on the small caliber ammunition market. Green bullets are made up of nylon and tungsten, and is a better alternative to lead core bullets, and was introduced to reduce environmental contamination of training grounds and firing ranges. The primary objective behind green munitions is to remove volatile organic compounds and heavy metals from primers and projectiles, which eliminates risks of potential health hazards such as those caused by lead bullets.
Geographical Outlook
Market in Asia Pacific contributed significantly in terms of revenue share to the global small caliber ammunition market in 2020 and is expected to register a rapid growth rate over the forecast period. Market in North America accounted for a significantly robust revenue share in 2020 owing to rise in demand for more advanced small caliber ammunition. Growing number of drug cartels in Central America is also supporting revenue growth of the market in the region. Revenue share contribution from the market in China to Asia Pacific is expected to register fastest growth rate during the forecast period.
Strategic Initiatives
In June 2020, the U.S Department of Defense (DoD) signed a contract with Winchester Ammunitions, which is a company engaged in manufacturing of small caliber ammunitions. Under this contract, DoD announced purchase of 9mm small caliber ammunitions worth USD 38 Million from Winchester Ammunitions for close quarter battle, and indoor and outdoor battle training purposes.
Have a look at Report Description and Table of Contents of Market Report@ https://www.emergenresearch.com/industry-report/small-caliber-ammunition-market
Some Key Highlights from the Report
- 45 ACP segment accounted for moderate revenue share in 2020 which is expected to increase at a steady rate over the forecast period owing to stopping power of this caliber when used against thieves, intruders, burglars, or other criminals. It is ideal for home defense as it has lower muzzle blast and flash and has manageable recoil when used in handguns.
- Copper segment accounted for significantly large revenue share in 2020 due to higher preference owing to the material's lighter weight and discharge recoil, which results in more accurate shooting. Additionally, copper bullets penetrate deeper, and do not require any extra cleaning.
- Military and homeland security segment accounted for significantly large revenue share in 2020 and is expected to register a moderate growth rate over the forecast period owing to high demand for advanced military equipment such as pistols, rifles, and shotguns, and increased investment by different countries to modernize respective defense sector.
- 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.
Christmas & Year End Discount Available on Small Caliber Ammunition market report@ https://www.emergenresearch.com/request-discount/875
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 Luger
- 7.62mm
- 45 ACP
- .338 Lapua Magnum
- 5.56mm
- 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
- Regional Outlook (Revenue, USD Billion; 2018-2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- U.K.
- France
- Spain
- BENELUX
- Rest of Europe
- Asia Pacific
- China
- India
- Japan
- South Korea
- Rest of APAC
- Latin America
- Brazil
- Rest of LATAM
- Middle East & Africa
- Saudi Arabia
- UAE
- Israel
- Rest Of MEA
Explore Related Reports by Emergen Research:
The global Automatic Weapons Market size was valued at USD 6.36 billion in 2019 and is anticipated to reach USD 9.32 billion by 2027 at a CAGR of 4.8%. The market is extensively being driven by the factors involving the increasing domestic violence, terrorist activities, cross-border conflict, rising emphasis on self-defense, increasing political conflicts, and broadening the number of armed law enforcement troops & new taskforce battalions.
The global small arms market size is expected to reach USD 10.32 Billion in 2028 and register a CAGR of 2.3% during the forecast period. Increase in terrorist activities and cross-border security threats and gun violence, as well as burglaries and house break-in incidences are some key factors market revenue growth.
The global 5G in defense market size reached USD 9.31 billion in 2020 and is expected to register a revenue CAGR of 68.4% during the forecast period. Global 5G in defense market revenue growth is expected to be driven by factors such as rising demand for Internet of Things (IoT), increasing dependency on big data for decision making.
The global Ground Defense System Market size was valued at USD 46.57 billion in 2019 and is anticipated to reach USD 68.28 billion by 2027 at a CAGR of 4.8%. The market is extensively being driven by the factors involving the increasing requirement of command making decisions while in frontier or battlefield in a timely manner from acquired information reported, gathering a common operating picture (COP) of the military operations, and transferring or exchanging them to the desired places with a superior level of encryption.
The global Hunting & Shooting Ammunition Market size was valued at USD 1.18 billion in 2019 and is anticipated to reach USD 1.73 billion by 2027 at a CAGR of 4.8%. The Hunting & Shooting Ammunition or ammo market is extensively being driven by the factors involving the increasing usage of the hunting or shooting guns for recreational sports, growing emphasis on the mandatory training & demonstration for the gun carriers, higher proliferation of the bird-hunting practices, and gaining popularity of the shooting games in many international multi-sport events.
The global Arms & Ammunition Market size was valued at USD 24.30 billion in 2019 and is anticipated to reach USD 35.63 billion by 2027 at a CAGR of 4.8%. The market is extensively being driven by the factors involving increasing domestic insurgency, terrorist activities, cross-border conflict, rising emphasis on self-defense, increasing political conflicts, broadening the number of armed law enforcement troops & new taskforce battalions, and availability of the cost effective weapons with ammunition.
The global Ammunition Market size was valued at USD 19.65 billion in 2019 and is anticipated to reach USD 28.81 billion by 2027 at a CAGR of 4.8%. The ammunition or ammo market is extensively being driven by the factors involving the increasing domestic violence, terrorist activities, cross-border conflict, rising emphasis on self-defense, increasing political conflicts, broadening the number of armed law enforcement troops & new taskforce battalions, and availability of the cost effective weapons with ammunition.
About Emergen Research
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 Us:
Eric Lee
Corporate Sales Specialist
Emergen Research | Web: www.emergenresearch.com
Direct Line: +1 (604) 757-9756
E-mail: sales@emergenresearch.com
Explore Our Custom Intelligence services | Growth Consulting Services
Facebook | LinkedIn | Twitter | Blogs
Read Full Press Release@ https://www.emergenresearch.com/press-release/global-small-caliber-ammunition-market
Logo: https://mma.prnewswire.com/media/1579538/Emergen_Research_Logo.jpg
