Small Caliber Ammunition Global Market 2024 : Major Drivers, Analysis, Size, Share, Growth And Forecast To 2033

The Business Research Company has recently revised its global market reports, now incorporating the most current data for 2024 along with projections extending up to 2033.

Small Caliber Ammunition Global Market Report 2024 by The Business Research Company offers comprehensive market insights, empowering businesses with a competitive edge. It includes detailed estimates for numerous segments and sub-segments, providing valuable strategic guidance.

The Market Size Is Expected To Reach $11.79 billion In 2028 At A CAGR Of 3.3%.

The small caliber ammunition market size has grown steadily in recent years. It will grow from $9.99 billion in 2023 to $10.36 billion in 2024 at a compound annual growth rate (CAGR) of 3.7%. The growth in the historic period can be attributed to military modernization programs, global conflicts and defense spending, law enforcement demand, civilian firearm ownership, sport shooting and recreational activities.

The small caliber ammunition market size is expected to see steady growth in the next few years. It will grow to $11.79 billion in 2028 at a compound annual growth rate (CAGR) of 3.3%. The growth in the forecast period can be attributed to global security concerns, counterterrorism operations, civilian firearms market trends, increasing participation in shooting sports, military and law enforcement training needs. Major trends in the forecast period include focus on training and simulation ammunition, global increase in defense budgets, strategic partnerships, emphasis on reduced environmental impact, customization and modular ammunition systems.

Request A Sample Of This Report - https://www.thebusinessresearchcompany.com/sample.aspx?id=12434&type=smp

Small Caliber Ammunition Market Major Segments
The small caliber ammunition market covered in this report 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

Key Driver - Small Caliber Ammunition Market Growth Fueled By Escalating Military Expenditure

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. For instance, in June 2022, according to the Office of the Parliamentary Budget Officer, a Canada-based intergovernmental organization, total military spending is expected to increase from $36.3 billion in 2022-2023 to $51.0 billion in 2026-2027. Therefore, rising military spending drives the growth of the small-caliber ammunition market.

Customise This Report As Per Your Requirements - https://www.thebusinessresearchcompany.com/Customise?id=12434&type=smp

Prominent Trend - Investments Propel Growth In The Small Caliber Ammunition Sector

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. For instance, in June 2022, the U.S. Department of Defense (DOD), a US-based government agency awarded $51.8 million for modifying the existing contract and manufacturing 5.56 mm, 7.62 mm, and .50 caliber ammunition. Furthermore, in November 2020, the UK Ministry of Defense (MOD), a UK-based government department awarded US$3.2 billion(£2.4bn) for the supply of munitions to the UK Ministry of Defense (MOD). This contract is named Next Generation Munitions Solution' (NGMS), which includes manufacturing small-arms ammunition, mortars, medium caliber gun rounds, and heavy artillery rounds.

Small Caliber Ammunition Market Players
Major companies operating in the small caliber ammunition market report 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, Prvi Partizan A.D.

View The Full Report Here - https://www.thebusinessresearchcompany.com/report/small-caliber-ammunition-global-market-report

Largest And Fastest Growing Region In The Market
North America was the largest region in the small caliber ammunition market in 2023. Europe is expected to be the fastest-growing region in the forecast period. The regions covered in the small caliber ammunition market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Small Caliber Ammunition Market Report Structure
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 Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

Contact Us:
The Business Research Company
Europe: +44 207 1930 708
Asia: +91 88972 63534
Americas: +1 315 623 0293
Email: info@tbrc.info

Follow Us On:
LinkedIn: https://in.linkedin.com/company/the-business-research-company
Twitter: https://twitter.com/tbrc_info
YouTube: https://www.youtube.com/channel/UC24_fI0rV8cR5DxlCpgmyFQ

Learn More About The Business Research Company
The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.

This release was published on openPR.