Global Small Caliber Ammunition Market

Small Caliber Ammunition Market Size, Share, Growth Analysis, By Caliber(223 Remington, 308 Winchester, 9mm Luger, 45 Auto/ACP), By Application(Commercial, Military & Homel, Security), By Region - Industry Forecast 2024-2031


Report ID: SQSG20A2021 | Region: Global | Published Date: July, 2036
Pages: 157 | Tables: 76 | Figures: 75

Small Caliber Ammunition Market Regional Insights

Asia Pacific is expected to dominate the small caliber ammunition market share. This demand is predicated on the fact that these nations have the largest ammunition imports. According to Stockholm International Peace Research Institute (SIPRI), the five largest arms exporters in 2017–21 were the United States, Russia, France, China and Germany. The five largest arms importers were India, Saudi Arabia, Egypt, Australia and China. Between 2012–16 and 2017–21 there were increases in arms transfers to Europe 19% and to the Middle East 2.8%, while there were decreases in the transfers to the North America –36%, Africa –34%, and Asia –4.7%.

Followed by Europe and North America have shown significant growth over the forecast period. Government policies in Europe include those governing the ownership of firearms, the availability of firearms on a single market, and a protocol prohibiting the production and trafficking of firearms. The Middle Eastern and Syrian refugee crises have also presented difficulties for the European defense system. The threat of terrorism has also been present in Europe, and as a result, the market for ammunition in Europe is anticipated to grow during the forecast period. North America is driven by the US's strong demand for new ammunition assets to replace the outdated ones as well as the growing amount of money being invested in research and development. The demand for small caliber ammunition is expected to increase during the forecast period as a result of rising defense spending in the region and the US Department of Defense's long-term competitive strategy for developing cutting-edge technologies and new concepts of warfare. The demand and supply of small caliber ammunition in the region are also influenced by the substantial presence of several well-known companies that operate in the North American small caliber ammunition market, such as Northrop Grumman Corporation and General Dynamics Corporation.

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FAQs

Small Caliber Ammunition Market size was valued at USD 10.8 billion in 2019 and is poised to grow from USD 11.08 billion in 2023 to USD 13.82 billion by 2031, growing at a CAGR of 2.8% in the forecast period (2024-2031).

Global small caliber ammunition market is highly competitive and somewhat fragmented. To maintain a competitive edge, the major industry participants are continually implementing various growth strategies. Innovations, mergers, and acquisitions, collaborations and partnerships are adopted by these players to thrive in the competitive market. In order to provide industries with the most effective and economical solutions, the major market players are also continually concentrating on R&D. 'Federal Premium Ammunition', 'Winchester Ammunition', 'Hornady Manufacturing Company', 'Remington Arms Company', 'Olin Corporation', 'CBC Global Ammunition', 'Sellier & Bellot', 'Magtech Ammunition', 'Fiocchi Munizioni', 'Nammo AS', 'RUAG Ammotec', 'Denel PMP', 'Geco Ammunition', 'Norinco', 'IMI Systems', 'Prvi Partizan', 'Wolf Performance Ammunition', 'Lapua', 'Norma Precision AB', 'MAST Technology Inc.'

Government institutions use small caliber ammunition in a variety of military, civilian, and law enforcement applications because terrorist activities have always posed a threat to nations. As a result, to lessen the threat and protect the populace, these institutions use small caliber ammunition. Additionally, the rise in terrorist attacks that take place in numerous nations helps to fuel the expansion of the world market for small-caliber ammunition. This small-caliber ammo is employed for personal defense. Additionally, the preference for small-caliber ammunition is growing as shotguns, handguns, revolvers, and pistols are increasingly preferred for safety.

Development of lighter, more lethal ammunition with a longer range is also being pursued through a number of new weapon and ammunition development programs. The quick development of technology is assisting such developments. Europe and the Asia-Pacific region, which are either replacing aging equipment or increasing their inventory to strengthen their armed forces, are the main markets for advanced weapons and related ammunition.

Asia Pacific is expected to dominate the small caliber ammunition market share. This demand is predicated on the fact that these nations have the largest ammunition imports. According to Stockholm International Peace Research Institute (SIPRI), the five largest arms exporters in 2017–21 were the United States, Russia, France, China and Germany. The five largest arms importers were India, Saudi Arabia, Egypt, Australia and China. Between 2012–16 and 2017–21 there were increases in arms transfers to Europe 19% and to the Middle East 2.8%, while there were decreases in the transfers to the North America –36%, Africa –34%, and Asia –4.7%.

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Global Small Caliber Ammunition Market

Report ID: SQSG20A2021

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