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Small Caliber Ammunition Market Outlook 2023: Expected Market Growth Rate, Major Driver And Segments | General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems PLC, Olin Corporation, Elbit Systems Ltd
Small Caliber Ammunition Global Market Report
The Business Research Company's Small Caliber Ammunition Global Market Report 2023 identifies the Rising military spending is expected to propel the growth of the small-caliber ammunition market going forward. Military expenditure is the sum of money a country spends to build and sustain its armed forces or other defense-related strategies. The military's expenditure on small-caliber ammunition guarantees that the armed forces have access to ammunition that can engage targets precisely, effectively, and with enough firepower, which enhances soldiers' efficiency on the battlefield.
The global small caliber ammunition market is expected to grow from $9.59 billion in 2022 to $9.9 billion in 2023 at a compound annual growth rate (CAGR) of 4.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The small caliber ammunition market is expected to reach $11.32 billion in 2027 at a CAGR of 3.5%.
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Major players in the small caliber ammunition market are General Dynamics Corporation, Northrop Grumman Corporation, BAE Systems PLC, Olin Corporation, Elbit Systems Ltd., Norma Precision AB, Remington Arms Company LLC, FN Herstal SA, Nammo AS, Denel SOC Ltd., Fiocchi Munizioni SPA, RUAG Holding AG, Savage Arms, Hornady Manufacturing Company, Nosler Inc., ARSENAL JSCO, Armscor Precision, Sellier & Bellot, Sierra Bullets LLC, Black Hills Ammunition, Barnes Bullets LLC, CBC Global Ammunition, Winchester Ammunition Inc., Liberty Ammunition Inc., PMC Ammunition, Estate Cartridge Inc., Wolf Performance Ammunition, Magtech Ammunition Company Inc., Aguila Ammunition, and Prvi Partizan A.D.
A key trend in the Small Caliber Ammunition market includes the Investments in small-caliber ammunition are a key trend gaining popularity in the small-caliber ammunition market. Major companies operating in small-caliber ammunition were awarded few contracts with huge investments for producing small-caliber ammunition.
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The Small Caliber Ammunition market is segmented -
1) By Caliber: 5.56 MM, 7.62 MM, 0.50 BGM, 9 MM, Other Calibers
2) By Bullet Type: Lead, Copper, Brass, Other Bullet Types
3) By Gun Type: Pistols, Rifles, Shot Guns
4) By End-User: Military, Homeland Security, Law Enforcement Agencies
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. North America was the largest region in the Small Caliber Ammunition market.
The Business Research Company's "Global Small Caliber Ammunition Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Small Caliber Ammunition Market Include:
1. Executive Summary
2. Small Caliber Ammunition Market Characteristics
3. Small Caliber Ammunition Market Trends And Strategies
4. Small Caliber Ammunition Market - Macro Economic Scenario
5. Small Caliber Ammunition Market Size And Growth
……
27. Small Caliber Ammunition Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Small Caliber Ammunition Market
29. Small Caliber Ammunition Market Future Outlook and Potential Analysis
30. Appendix
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