Small Caliber Ammunition Market will exhibit a CAGR of 1.40% and reach USD 8.86 billion by 2026, and the market value as per 2018 was USD 8.00 billion.
Fortune Business Insights™ in a recent report, titled, “Small Caliber Ammunition Market Size, Share and Global Trend by Caliber (223 Remington, 308 Winchester, 9mm Luger, 45 Auto/ACP, 380 ACP, 357 Magnum, 10 Gauge, 12 Gauge, 40 S&W, 20 Gauge, 22LR, 50 BMG, 6.5 Grendel, 7.62*39/54r, and Others) By Application (Commercial (Shooting Sports & Hunting, and Self-defense), Military & Homeland Security) By Bullet Type (Lead, Copper, Brass, and Others), and Regional Forecast, 2019-2026.”
Small Caliber Ammunition Market Drivers and Restraint :
Rising Terrorist Activities Worldwide to Propel Growth
Rising demand for small caliber ammunition from military forces worldwide is a major factor that is likely to affect the market positively in the coming years. Apart from that, this type of ammunition is used for personal safety. Coupled with this, the rising terrorist activities occurring in many countries would contribute to the small caliber ammunition market growth in the coming years. Shotguns and handguns are mainly preferred by safety.
Therefore, these calibers are exhibiting exponential demand owing to the requirement of people for their revolvers and pistols. In many parts of the world, the increasing production of handguns, as well as rising export and import are skyrocketing demand. Additionally, increasing number of training courses and shooting competitions are likely to contribute to the growth. However, there are restrictions in the international trade of this type of ammunition because of the stringent norms put forward by many regulatory authorities.
List of Significant Manufacturers Small Caliber Ammunition Market are:
- Aguila Ammunition
- BAE Systems
- Denel SOC Ltd
- General Dynamics Corporation
- Nammo AS
- Northrop Grumman Corporation
- Olin Corporation
- RAUG Group
- Remington Arms Company, LLC.
- Sellier & Ballot
- Vista Outdoor, Inc.
- Other prominent companies
To gain more insights into the market with a detailed table of content and figures, Click Here: https://www.fortunebusinessinsights.com/small-caliber-ammunition-market-102795
Some of the key industry developments in the Small Caliber Ammunition Market Include:
- January 2020: Elbit Systems Ltd. announced that it bagged a contract worth USD 144 million from the Israeli Ministry of Defense (IMOD). It would enable the company to deliver small caliber ammunition to the Israeli Defense Forces. Its duration is five years.
- February 2018: Olin Corporation was awarded a contract by the U.S. Army to produce 7.62mm, 5.56mm, and 50 caliber ammunition cartridges. The total value of the contract is USD 51.1 million.
