Global Small Caliber Ammunition Market Outlook to 2028 - Rising Investments in Small Caliber Ammunition and Research to Benefit the North American Market - ResearchAndMarkets.com

Jun 16, 2022 07:48 am
DUBLIN -- 

The "Global Small Caliber Ammunition Market Outlook 2020: Global Opportunity and Demand Analysis, Market Forecast to 2028" report has been added to ResearchAndMarkets.com's offering.

The small caliber ammunition market is estimated to be worth USD 20.40 billion in 2020 and is expected to exhibit a CAGR of 3.9% from 2020-to 2028

Small caliber ammunition is emerging as one of the fastest moving segments owing to the rise in demand for mild sports shooting activities using pistols and rifles. The increase in terrorism all over the world is directly contributing to the development and growth of the Global Small Caliber Ammunition Market. The main items are shorts and handguns, which are used for safety purposes.

Robust Demand for Military Forces and Rising Terrorist Activities

The increase in terrorist activities is the main cause of the growth of the global small-caliber ammunition market. Many military forces are using small-caliber ammunition, which is positively contributing to this market. Moreover, these are also used by individuals for personal safety reasons.

In many parts of the world, the increasing production of short guns and rising imports and exports are driving skyrocketing demand. Additionally, the increasing number of training courses and shooting competitions are likely to contribute to growth. Therefore, these items are increasing their demand for individuals as well as for military services to use for their self-defense and country's defense.

The Copper Segment Will Be Critical to the growth of the Global Small Caliber Ammunition Market

Based on the bullet type, the market is categorized into brass, copper, lead, and others. Out of these, the copper segment held a 42% small caliber ammunition market share in 2019. It is observed that the demand for the copper segment is increasing continuously during the forecast period of time because of its many advantages, like being lighter in weight but consistent and very fast.

The other segments of the markets are full metal jacket ammunition, tracer ammunition, and armor ammunition, which are also contributing to the growth of the global small caliber ammunition market and are expected to grow further during the period of 2020-2028.

Rising Investments in Small Caliber Ammunition and Research to Benefit the North American Market

The market is segregated into Europe, North America, Asia Pacific, and the rest of the world. From this market, North America procured USD 4.40 billion in caliber ammunition market revenue in 2020 and is expected to grow further during the forecast period of time because of increasing modernization in US Army practices globally to defend their nation.

Following North America, the Asia-Pacific market is also expected to grow during the forecast period of time as they too have major concerns about their safety, terrorism, and defense. Many governments in this region are increasing their defense budgets annually to strengthen themselves from a safety perspective.

Players to Focus on in the Expanding Applications in Global Small Caliber Ammunition Market

Although there are many key players in the market and many are coming as new entrants, Elbit Systems, Ltd., and BAE Systems, along with others, could be at the forefront of the competition in the caliber ammunition market.

Elbit Systems Ltd. They announced that they had bagged a contract worth USD 144 million from the Israeli Ministry of Defense (IMOD). They are providing small-caliber ammunition to Israel for their defense. Its duration is five years. Therefore, they are considered a major key player in the market and are expected to grow and hold a major share in the Global Small Caliber Ammunition Market.

A European-based company that provides strong defense systems globally is holding a large percentage of shares in the Global Small Caliber Ammunition Market. Their design and manufacturing systems are very unique. They provide ammunition and combat vehicles.

Their global customer base is very large and they can prepare one million rounds a day for arms ammunition, which includes the ball, blank nature, and tracers. They are continuously grabbing the market share and are expected to grow further during the forecast period.

Company Profiles

  • General Dynamics Corporation
  • Olin Corporation
  • Nammo AS
  • BAE Systems
  • RUAG (RUAG Ammotec)
  • Nexter
  • Vista Outdoor Inc.
  • Rheinmetall AG
  • Northrop Grumman (Orbital ATK Inc.)

Scope of the report

By type

  • Full Metal Jacket Ammunition
  • Tracer Ammunition
  • Armor Piercing Ammunition
  • Other Ammunition

By application

  • Military
  • Commercial
  • Law enforcement
  • Federal law enforcement

By end-user

  • Law enforcement agencies
  • Homeland securities

For more information about this report visit https://www.researchandmarkets.com/r/9oxhew

ResearchAndMarkets.com
Laura Wood, Senior Press Manager
[email protected]
For E.S.T Office Hours Call 1-917-300-0470
For U.S./CAN Toll Free Call 1-800-526-8630
For GMT Office Hours Call +353-1-416-8900