The Small Caliber Ammunition Global Market Report 2023, provides comprehensive information on the small caliber ammunition market across 60+ geographies in the seven regions – Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa for the 27 major global industries. The report covers a ten year historic period – 2010-2021, and a ten year forecast period – 2023-2032.
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As per The Business Research Company’s Small Caliber Ammunition Global Market Report 2023, the market is expected to grow from $9.59 billion in 2022 to $9.9 billion in 2023 at a compound annual growth rate (CAGR) of 4.1%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The small caliber ammunition market is expected to reach $11.32 billion in 2027 at a CAGR of 3.5%.
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Investments in small-caliber ammunition are a key trend gaining popularity in the small-caliber ammunition market. Major companies operating in small-caliber ammunition were awarded few contracts with huge investments for producing small-caliber ammunition. For instance, in June 2022, the U.S. Department of Defense (DOD), a US-based government agency awarded $51.8 million for modifying the existing contract and manufacturing 5.56 mm, 7.62 mm, and .50 caliber ammunition. Furthermore, in November 2020, the UK Ministry of Defense (MOD), a UK-based government department awarded US$3.2 billion(£2.4bn) for the supply of munitions to the UK Ministry of Defense (MOD). This contract is named Next Generation Munitions Solution’ (NGMS), which includes manufacturing small-arms ammunition, mortars, medium caliber gun rounds, and heavy artillery rounds.
The small caliber ammunition market is segmented:
1) By Caliber: 5.56 MM, 7.62 MM, 0.50 BGM, 9 MM, Other Calibers
2) By Bullet Type: Lead, Copper, Brass, Other Bullet Types
3) By Gun Type: Pistols, Rifles, Shot Guns
4) By End-User: Military, Homeland Security, Law Enforcement Agencies
North America was the largest region in the small caliber ammunition market in 2022.
The table of contents in TBRC’s small caliber ammunition market report includes:
1. Executive Summary
2. Small Caliber Ammunition Market Characteristics
3. Small Caliber Ammunition Market Trends And Strategies
4. Small Caliber Ammunition Market – Macro Economic Scenario
5. Global Small Caliber Ammunition Market Size and Growth
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26. South America Small Caliber Ammunition Market
27. Brazil Small Caliber Ammunition Market
28. Middle East Small Caliber Ammunition Market
29. Africa Small Caliber Ammunition Market
30. Small Caliber Ammunition Market Competitive Landscape And Company Profiles
Top Major Players:
- General Dynamics Corporation
- Northrop Grumman Corporation
- BAE Systems PLC
- Olin Corporation
- Elbit Systems Ltd
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The Business Research Company is a market intelligence firm that pioneers in market, company, and consumer research. TBRC’s specialist consultants are located globally and are experts in a wide range of industries that include healthcare, manufacturing, financial services, chemicals, and technology. The firm has offices located in the UK, the US, and India, along with a network of proficient researchers in 28 countries. Through the report businesses can gain a thorough understanding of the market’s size, growth rate, major drivers and leading players.
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