Press release
Small Caliber Ammunition Market will reach at USD 87.121 billion in 2032 with Top Key Players -Orbital Atk, Vista Outdoors, Olin (Winchester Ammunition), FN Herstal, Nammo As, Rosoboronexport, CBC Ammo, IMI (Israel Military Industries), BAE Systems, Gener
The global small caliber ammunition market size will reach at USD 87.121 billion in 2032 and was valued at USD 12.121 billion in 2021 and is expected to expand at a compound annual growth rate (CAGR) of - 3.7% from 2022 to 2032. The market is expected to be driven by growing military expenditure and rising hunting as well as sporting activities across the world. The majority of the countries have initiated efforts to expand their military capabilities to counter terrorism and secure their geographical border from rising geopolitical competition. Moreover, some countries are focusing on strengthening their law enforcement agencies to control internal conflicts within the country. These trends are expected to drive the demand for arms and ammunition, thereby bolstering the market growthKey Players Profiled In the Report Includes
The major players covered in the Small Caliber Ammunition report are Orbital Atk, Vista Outdoors, Olin (Winchester Ammunition), FN Herstal, Nammo As, Rosoboronexport, CBC Ammo, IMI (Israel Military Industries), BAE Systems, General Dynamics, Nexter, Denel Soc (Denel Pmp), Remington Outdoor, Ruag (Ruag Ammotec AG), Australian Munitions, Liberty Ammunition, Poongsan Defense, China North Industries (NORINCO), CSGC
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Caliber Insights
The 5.56 × 45 mm segment dominated the market and held a revenue share of over 45.0% in 2021. The 7.62 × 39 mm segment is expected to expand at a CAGR of 2.6% over the forecast period. The product remains popular among military personnel and private gun owners in America. The easy availability and low cost of the 7.62 × 39 mm segment propel its use in hunting. In addition, its high knockdown power, moderate recoil, and weight of around 8 grams further promote its demand.
The 9 mm segment is expected to grow owing to its wide usage in pistols and machine guns. Moreover, the 9 × 19 mm pistol-fired armor-piercing cartridge 7N31 is manufactured to destroy enemies, wearing body armor, behind light covers, in the open, and inside vehicles. It is fired using the 9mm GSh-18 pistol and 9mm PP-2000 submachine gun.
The .50 BMG segment is expected to witness significant growth over the forecast period owing to the increasing procurement of machine guns and sniper rifles. There are several variants of the heavy-hitting .50 caliber that are used in the M2 machine guns and M107 sniper rifles by the U.S. Furthermore, the .50 BMG cartridge has a soft steel-core bullet and is used for practice and in the M2, M3, and M85 machine guns.
Small Caliber Ammunition Market
5.56mm Caliber, 7.62mm Caliber, 9 mm Caliber, 12.7 mm Caliber.
Application as below
Military, Law Enforcement, Civilian
Apart from this, the report includes the Small Caliber Ammunition market study based on geographical and regional location. Geographical Segmentation, On the basis of region, North America (United States, Canada), South America (Argentina, Chile, Brazil, etc.), Asia-Pacific (India, China, Japan, Singapore, Korea, etc.), Europe (UK, France, Germany, Italy, etc.), the Middle East & Africa (GCC Countries, South Africa, etc.) and the Rest of the world.
Key Points of Small Caliber Ammunition Market:
CAGR of the Small Caliber Ammunition market during the forecast period 2020-2026.
Accurate information on factors that will help in the growth of the market during the next six years.
Forecasts on future industry trends and changes in customer behavior.
Outlook of the market size and its contribution to the parent market.
The growth and current status of the market in the COVID-19 Pandemic Situation.
Analysis of the competitive landscape of the market and detailed information on the vendors.
A comprehensive description of the factors that will challenge the growth of market vendors.
The Small Caliber Ammunition global report indicates the status of the industry and regional and global basis with the help of graphs, diagrams, and figures to make it easy and better understandable.
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Key Companies & Market Share Insights
Major players are taking up mergers and acquisitions to ensure competitiveness and profitability and establish a strong foothold in the market. The small caliber players have developed a large customer base through high-quality packaging for brand recognition as well as the development of a broader brand portfolio. In addition, these players have a wider base of retailers and distributors and are also associated with industry OEMs and law enforcement agencies. Some prominent players in the global small caliber ammunition market include:
Northrop Grumman Corporation
FN Herstal
Hornady Manufacturing Company, Inc.
General Dynamics Corporation
Nosler, Inc.
Rheinmetall Defense
Remington Arms Company LLC
Vista Outdoor Operations LLC
Sierra Bullets
Australian Munitions
Nammo AS
Poongsan Corporation
ST Engineering
DSG Technology AS
Winchester Ammunition, Inc
Regional Insights
North America accounted for the largest revenue share of over 45.0% in 2021 owing to the high demand for bullets from the U.S. In addition, the defense budget in North America has increased, which is significantly influencing the bullets market in the region. The long-term competitive strategy of the U.S. Department of Defense for the development of technologies and new concepts of warfare is expected to aid the market growth.
The market in the U.S. has witnessed remarkable growth in recent years owing to the increasing product demand from hunters and gun enthusiasts and weapon upgrades by law enforcement agencies. Increased defense spending and flexible legislation regarding the use of guns are expected to have a positive impact on industry growth.
Market Drivers, Limits and Opportunities - The market is deeply evaluated by a current market situation such as market growth factors and constraints. In addition, here we can discuss the latest industry news and its impact on the Small Caliber Ammunition business.
Industry Chain Analysis - The study of industry chain structure incorporates details related to supplier's and buyer's information. Furthermore, the report classifies the top manufacturers of Small Caliber Ammunition business based on their production base, cost structure, Small Caliber Ammunition production process, spending on raw materials and labor outlay.
Future Project Expediency - The Small Caliber Ammunition market report includes a detailed explanation about the past and present trends of the market has been following along with its future analysis that may concern with the Small Caliber Ammunition market growth.
Note - To provide a more accurate market forecast, all our reports will be updated prior to delivery considering the impact of COVID-19.
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