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 Insights

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).

Consistent demand for ammunition from the defense & military is one of the key factors fueling the growth of the global caliber ammunition market. The demand for small-caliber ammunition is increasing as various countries increase their spending to strengthen their armed forces. Additionally, the increase in the global demand for highly sophisticated, small caliber ammunition is being driven by the increase in the defense budget. For instance, with more than USD30 million in munitions orders signed to the United States, New Zealand, Canada, Asia, and Europe in 2019, Thales' Australian Munitions business experienced its highest traffic year for munitions export orders to date. Additionally, government organizations place a strong emphasis on replacing outdated infantry items with newer military gear and upgrading the latter. Therefore, it is anticipated that an increase in military spending by various countries around the world will spur growth in the small caliber market during the anticipated period.

Personal safety due to terrorists has resulted in people finding a need to keep a personal small caliber pistol. For instance, despite an increase in terrorist attacks, the impact of terrorism is declining, according to the 2022 Global Terrorism Index (GTI). Terrorist deaths decreased by 1.2 % to 7,142 in 2019, while terrorist attacks increased by 17 %, showing that terrorism is becoming less frequent. The best result since 2007 was achieved by two-thirds of the nations, and 86 of those nations saw improvements in their GTI scores.

Additionally, the market is seeing potential growth from the import and export of handguns, which is driving up demand for ammunition with a small caliber. The use of small-caliber ammunition is also encouraged by the rise in training programs and shooting competitions. During the anticipated period, these factors are anticipated to accelerate market growth.

US Small Caliber Ammunition Market  is poised to grow at a sustainable CAGR for the next forecast year.

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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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