Small Caliber Ammunition Market
Growing terrorist threats, increased gun use for safety reasons, and expansion in military modernization programs drive the small caliber ammunition market. WILMINGTON, NEW CASTLE, DELAWARE, UNITED STATES, September 4, 2024 /EINPresswire.com/ -- Growing terrorist threats, increased gun use for safety reasons, and expansion in military modernization programs drive the ๐๐ฆ๐๐ฅ๐ฅ ๐๐๐ฅ๐ข๐๐๐ซ ๐๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ข๐จ๐ง ๐๐๐ซ๐ค๐๐ญ. However, regulatory restrictions in small caliber ammunition industry are likely to hinder the market growth during the forecast period. On the other hand, the development of small caliber ammunition and the rising demand for lightweight ammunition will present new growth opportunities for the global market in the coming years.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ฆ๐ฉ๐ฅ๐ ๐๐๐ ๐๐ฌ ๐๐จ๐ฐ: https://www.alliedmarketresearch.com/request-sample/A10440
The global small caliber ammunition market size was valued at $10.8 billion in 2021, and is projected to reach $14.2 billion by 2031, growing at a CAGR of 2.8% from 2022 to 2031.
Small caliber ammunition refers to cartridges designed for firearms with a bore diameter of less than 0.50 inches (12.7 mm). This includes popular cartridges such as the .22 Long Rifle, 9mm, and .223 Remington. Small caliber ammunition is commonly used for target shooting, hunting, and self-defense. According to data from the Small Arms Survey, a research project based at the Graduate Institute of International and Development Studies in Geneva, Switzerland, there are approximately 12.3 billion small caliber cartridges are in circulation worldwide. This accounts for roughly 75% of all ammunition in circulation globally. The U.S. is the largest producer of small caliber ammunition, with an estimated production of 8.4 billion cartridges annually. Other major producers include Russia, Brazil, and China.
๐๐ก๐ ๐ค๐๐ฒ ๐ฉ๐ฅ๐๐ฒ๐๐ซ๐ฌ ๐ฉ๐ซ๐จ๐๐ข๐ฅ๐๐ ๐ข๐ง ๐ญ๐ก๐ข๐ฌ ๐ซ๐๐ฉ๐จ๐ซ๐ญ ๐ข๐ง๐๐ฅ๐ฎ๐๐
๐ ๐ ๐๐๐ซ๐ฌ๐ญ๐๐ฅ, ๐๐๐ ๐๐ฒ๐ฌ๐ญ๐๐ฆ๐ฌ ๐ฉ๐ฅ๐, ๐๐จ๐จ๐ง๐ ๐ฌ๐๐ง ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐ฅ๐ข๐ง ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐ข๐ฌ๐ญ๐ ๐๐ฎ๐ญ๐๐จ๐จ๐ซ ๐๐ง๐., ๐๐๐ ๐๐ฅ๐จ๐๐๐ฅ ๐๐ฆ๐ฆ๐ฎ๐ง๐ข๐ญ๐ข๐จ๐ง, ๐๐๐ง๐๐ซ๐๐ฅ ๐๐ฒ๐ง๐๐ฆ๐ข๐๐ฌ ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐๐ฆ๐ฆ๐จ ๐๐, ๐๐จ๐ซ๐ญ๐ก๐ซ๐จ๐ฉ ๐๐ซ๐ฎ๐ฆ๐ฆ๐๐ง ๐๐จ๐ซ๐ฉ๐จ๐ซ๐๐ญ๐ข๐จ๐ง, ๐๐๐ ๐๐๐๐ก๐ง๐จ๐ฅ๐จ๐ ๐ฒ ๐๐
By casing type, the small caliber ammunition market size is divided into brass and steel. The brass casing type segment in dominated in the market as brass casing provides a good seal for the bullet and the powder charge, preventing gas leaks, which can impact the accuracy and reliability of the ammunition. For instance, the 5.56x45mm NATO round used by the U.S. military is typically manufactured using brass casing. The brass casing provides consistent performance in different environments and temperatures, making it ideal for military use. Brass casing is widely used in the civilian application for small caliber ammunition.
๐๐ฎ๐ฒ ๐๐จ๐ฐ ๐ญ๐ก๐ ๐๐ฑ๐๐ฅ๐ฎ๐ฌ๐ข๐ฏ๐ ๐๐๐ฉ๐จ๐ซ๐ญ: https://www.alliedmarketresearch.com/checkout-final/595a6d776a45a42128bc4c24fd9ccdac
In terms of usage, small caliber ammunition is most used for target shooting and hunting. According to the National Shooting Sports Foundation, target shooting accounts for approximately 50% of all small caliber ammunition use in the United States, while hunting accounts for roughly 30%. The remaining 20% is used for self-defense, law enforcement, and military purposes.
By size, the small caliber ammunition market is categorized as 5.56mm, 7.62mm, 9mm, .50 caliber, and shotshells. Among these segments 7.62mm segment captured the significant market share as compared to other segments owing to the higher use of this ammunitions by civilians and armed forces of countries. Furthermore, the development of advanced 7.62mm ammunition is another trend in the segment. For instance, in 2019, a major ammunition manufacturer announced the development of a new 7.62mm round that was designed to increase accuracy and consistency at longer ranges. The development of advanced 7.62mm ammunition offers opportunities for market players to differentiate their products and capture market share.
๐๐๐ ๐ข๐จ๐ง๐๐ฅ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ:
Based on region, the market in North America was the largest in 2021, accounting for nearly half of the global small caliber ammunition market share and is likely to maintain its dominance during the forecast timeframe. This is owing to the high spending on military and armed forces in the region. However, the market in Europe is likely to show the fastest CAGR of 4.4% during the forecast period. This is owing to the rise in spending on new armed weapons in the region.
๐๐๐ญ ๐๐ฎ๐ฌ๐ญ๐จ๐ฆ๐ข๐ณ๐๐ ๐๐๐ฉ๐จ๐ซ๐ญ๐ฌ ๐ฐ๐ข๐ญ๐ก ๐ฒ๐จ๐ฎโ๐ซ๐ ๐๐๐ช๐ฎ๐ข๐ซ๐๐ฆ๐๐ง๐ญ๐ฌ: https://www.alliedmarketresearch.com/request-for-customization/A10440
Based on application, the civilian segment grabbed the highest share of nearly three-fourths of the small caliber ammunition market in 2021 and is expected to dominate the market in 2031. This is owing to the high consumption of small caliber ammunitions by individuals. The law enforcement agencies segment, however, would witness the fastest CAGR of 4.0% from 2022 to 2031. This is due to the establishment of new agencies by governments.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ญ๐จ ๐๐ซ๐จ๐๐ฎ๐ซ๐ ๐ญ๐ก๐ ๐๐๐ฌ๐๐๐ซ๐๐ก ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ง๐ช๐ฎ๐ข๐ซ๐ ๐๐๐๐จ๐ซ๐ ๐๐ฎ๐ฒ๐ข๐ง๐ : https://www.alliedmarketresearch.com/purchase-enquiry/A10440
Based on size, the 7.62mm segment contributed to the largest share of nearly one-third of the global small caliber ammunition market in 2021 and is expected to maintain its dominance during the forecast period. This is owing to the high use of rifles by military and armed forces. The 9 mm segment, however, is projected to witness the fastest CAGR of 3.9% from 2022 to 2031. This is owing to the rising registration of new armed weapons which is expected to raise the demand for 9mm ammunitions during the forecast period.
๐๐ก๐๐๐ค ๐จ๐ฎ๐ญ ๐ฆ๐จ๐ซ๐ ๐ซ๐๐ฅ๐๐ญ๐๐ ๐ฌ๐ญ๐ฎ๐๐ข๐๐ฌ ๐ฉ๐ฎ๐๐ฅ๐ข๐ฌ๐ก๐๐ ๐๐ฒ ๐๐๐ ๐๐๐ฌ๐๐๐ซ๐๐ก:
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September 03, 2024, 23:30 GMT
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