Small Caliber Ammunition Market Growth Dynamics, 2021 Share Value, Size, Business Opportunities and Industry Forecast to 2027

  The global small caliber ammunition market size is projected to reach USD 8,808.9 million by 2027, exhibiting a CAGR of 1.72% during the forecast period. Surging gun and ammunition sales amid the COVID-19 pandemic in the US will benefit this market in 2020, states Fortune Business Insights™ in its report, titled “Small Caliber Ammunition Market Size, Share and COVID-19 Impact Analysis, 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, 5.56*45, 0.338 Lapua, 30-06 Springfield, 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, 2020-2027”. According to the Brookings Institute, in the first half of 2020, 19 million firearms were sold in the US. The National Shooting Sports Foundation reported an 87% increase in gun sales and a 92% spike in ammunition sales in early 2020. Furthermore, in a single week in March 2020, the US Federal Bureau of Investigation (FBI) conducted a record-high 1.2 million background checks. Since the pandemic outbreak, the FBI has reportedly performed over 3.5 million background checks on gun owners, representing an 80% increase from last year's levels. Such widespread adoption of guns and small-caliber ammunition fueled by the COVID-19 contagion and civil protests will provide the tremendous impetus for this market.

Competitive Landscape

Contractual Partnerships between Key Players and Defense Agencies to Spur Competition

Leading companies are singularly focused on securing contracts from governmental defense agencies to strengthen their hold on the market. These contracts are also enhancing the innovation capacities of the key market players, which in turn are allowing them to diversify their products and expand globally.

 Browse Detailed Summary of Research Report with TOC:

https://www.fortunebusinessinsights.com/small-caliber-ammunition-market-102795 

List of Top Companies Profiled in the Small Caliber Ammunition Market Report:

• Vista Outdoor, Inc. (The U.S.)
• Remington Arms Company, LLC. (The U.S.)
• Olin Corporation (The U.S.)
• Nammo AS (Norway)
• Denel SOC Ltd (South Africa)
• Aguila Ammunition (Mexico)
• Sellier & Ballot (Czech Republic)
• RAUG Group (Switzerland)
• Northrop Grumman Corporation (The U.S.)
• General Dynamics Corporation (The U.S.)
• BAE Systems (The U.K)

Regional Insights

High Demand for Firearms in the US to Propel the North America Market

At USD 4,412.9 million, North America dominated the small caliber ammunition market share in 2019 and the region is expected to hold its leading position in the global market during the forecast period. The main reason for the region’s dominance is the easy accessibility to firearms in the US, which is fueling the demand for small ammunition in the country. Furthermore, the region is home to some of the largest defense organizations such as General Dynamics and Olin Corporation that are constantly developing and introducing advanced guns and ammos in the US market.

In Asia Pacific, the primary growth driver is the increasing intensity of cross-border tensions between major military spenders such as India and China. Meanwhile, in Europe the demand for small ammunitions is being driven by the rising investments in defense technologies by private companies in the region.