Small Caliber Ammunition Market Size is valued at USD 7.92 Bn in 2022 and is predicted to reach USD 12.35 Bn by the year 2031 at a 5.2% CAGR during the forecast period for 2023-2031.
Small caliber ammunition, commonly used in handguns and rifles, consists of cartridges with projectiles and components like casing, powder, and primer. It comes in various types, including full metal jacket, hollow point, and armour-piercing, serving purposes like self-defence, sport shooting, and military use. Regulations govern its purchase and use, and specialized companies manufacture it with a focus on quality and consistency.
The substantial increase in revenue within the global small-caliber ammunition market is primarily propelled by the escalating adoption of modernization initiatives by military forces worldwide. Escalating occurrences of armed intergovernmental and international conflicts have motivated numerous countries to bolster their military capabilities by procuring advanced ammunition and equipment.
Moreover, the progression of the lightweight and small-caliber ammunition sector yields positive effects across interconnected industries. This spurs the creation of firearms specifically tailored for these calibers, stimulates the production of firearm accessories designed for lightweight arms, and augments the demand for specialized training facilities and shooting ranges that cater to these specific ammunition types.
Furthermore, the demand for lightweight and compact ammunition extends beyond the military and law enforcement realms. Civilian shooters, encompassing concealed carry permit holders, sports enthusiasts, and recreational users, also seek ammunition choices that are easy to transport, possess reduced recoil, and offer an improved shooting experience. Consequently, the lightweight and small ammunition market broadens its scope to encompass a more diverse consumer base. In addition to this, there is an increasing emphasis within military and law enforcement agencies on outfitting their personnel with lighter equipment to enhance mobility and alleviate fatigue.
Competitive Landscape:
Some Major Key Players In The Small Caliber Ammunition Market:
- Aguila Ammunition
- Australian Munitions
- BAE Systems
- CCI Ammunition
- CBC Global Ammunition
- Denel PMP
- Elbit Systems
- FN HERSTAL
- Global Ordnance
- Hughes Precision Manufacturing Pvt. Ltd.
- Namo AS
- POONGSAN CORPORATION
- Ultra Defense Corp
- Vista Outdoor Operations LLC
- Winchester Ammunition
- DSG Technology AS
- ST Engineering
- Sierra Bullets
- Remington Arms Company LLC
- Rheinmetall Defense
- Nosler, Inc.
- General Dynamics Corporation
- Hornady Manufacturing Company, Inc.
- FN Herstal
- Northrop Grumman Corporation
- AMMO INC.
Market Segmentation:
The small caliber ammunition market is segmented based on application, caliber type, gun type, and bullet type. The small caliber ammunition market is segmented as military, homeland security/law enforcement/government agency, hunting and sports and commercial (self-defense) based on application. By caliber type, the market is segmented into .22LR Caliber, 308 Caliber, 5.56mm Caliber, 7.62mm Caliber, 9mm Caliber, .223 Rem Caliber and 12 Gauge (Shotgun Shells). By gun type, the market is segmented into handguns, rifles, shotguns and others. The market is segmented by ammunition type into full metal jackets, tracer, incendiary, armor-piercing, and others. The market is segmented by bullet type into copper, lead, brass and others.
Based On Ammunition Type, The Tracer Ammunition Segment Is A Major Contributor To The Small Caliber Ammunition Market
The tracer ammunition category will hold a major share of the global small-caliber ammunition market. The "tremendous demand" for tracer ammunition suggests a growing interest in utilizing this type of ammunition across various applications. This could be due to its effectiveness in enhancing shooting accuracy, training capabilities, and tactical advantages. The factors driving this demand could include advancements in tracer technology, evolving training methodologies, and the practical benefits it offers in real-world scenarios. As a result, manufacturers, military entities, law enforcement agencies, and civilian shooters increasingly seek tracer ammunition, contributing to its substantial demand within the small caliber ammunition market.
The Rifle Segment Witnessed Growth At A Rapid Rate
The rifles segment is projected to grow rapidly in the global small-caliber ammunition market. The growing utilization of rifles within the small caliber ammunition market" refers to the increasing use of rifles that require small caliber ammunition. This indicates that rifles that use smaller caliber ammunition are becoming more prevalent in the market. Small caliber ammunition refers to cartridges with smaller bullet diameters, often used in pistols, submachine guns, and rifles. The statement suggests that rifles designed to fire these smaller caliber cartridges are experiencing a rise in their use. This trend could be influenced by various factors, such as advancements in firearm technology, changing preferences of firearm users, military and law enforcement requirements, and evolving shooting practices.
The North American Small-Caliber Ammunition Market Holds A Significant Regional Revenue Share
The North American small-caliber ammunition market is expected to register the highest market share. The United States has a high civilian firearm ownership rate, driving the demand for corresponding ammunition. Many individuals own firearms for self-defense, hunting, sport shooting, and other purposes, leading to a consistent need for small-caliber ammunition. This market specifically pertains to North American countries, including the United States and Canada, with substantial demand for firearms and associated ammunition.
In addition, the Asia Pacific regional market is projected to grow rapidly in the global small-caliber ammunition market. South Korea commands the primary market share in the realm of small-caliber ammunition. At the same time, China is projected to exhibit the swiftest growth within the Asia Pacific region throughout the projected timeframe. The substantial civilian desire for small-caliber ammunition, driven by its application in self-defense scenarios, is poised to generate multiple avenues for expansion, inviting new participants to explore opportunities within this market.
Small Caliber Ammunition Market Report Scope:
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 7.92 Bn |
|
Revenue Forecast In 2031 |
USD 12.35 Bn |
|
Growth Rate CAGR |
CAGR of 5.2% from 2023 to 2031 |
|
Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2023 to 2031 |
|
Historic Year |
2019 to 2022 |
|
Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Application, By Caliber, By Gun Type, By Ammunition Type, By Bullet Type |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
|
Competitive Landscape |
Aguila Ammunition, Australian Munitions, BAE Systems, CCI Ammunition, CBC Global Ammunition, Denel PMP, Elbit Systems, Global Ordnance, Hughes Precision Manufacturing Pvt. Ltd., Namo AS, Poongsan Corporation, Ultra Defense Corp, Vista Outdoor Operations LLC and Winchester Ammunition, DSG Technology AS, ST Engineering, Sierra Bullets, Remington Arms Company LLC, Rheinmetall Defense, Nosler, Inc., General Dynamics Corporation, Hornady Manufacturing Company, Inc., FN Herstal, Northrop Grumman Corporation, AMMO INC. |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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