According to IMARC Group latest report titled “Small and Medium Caliber Ammunition Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2032”, offers a comprehensive analysis of the industry, which comprises insights on small and medium caliber ammunition market overview. The report also includes competitor and regional analysis, and contemporary advancements in the global market.
The global small and medium caliber ammunition market size reached US$ 10.0 Billion in 2023. Looking forward, IMARC Group expects the market to reach US$ 13.8 Billion by 2032, exhibiting a growth rate (CAGR) of 3.69% during 2024-2032.
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Small and medium caliber ammunition refers to cartridges designed for firearms with bore diameters falling within specific size ranges. Small caliber ammunition typically ranges from .17 to .30 inches in diameter, catering to handguns, rifles, and submachine guns. These cartridges are widely used for various purposes, including self-defense, sport shooting, and military applications. On the other hand, medium caliber ammunition typically falls within the .31 to .50-inch diameter range, suitable for machine guns, automatic rifles, and certain sniper rifles. Both small and medium-caliber ammunition are crucial components of modern weaponry, providing versatility and adaptability for a diverse range of firearms. The design and composition of these cartridges are meticulously crafted to optimize performance, accuracy, and reliability, meeting the specific requirements of different firearms and the intended use scenarios.
Market Trends:
The global market is majorly driven by the changing landscape of military and law enforcement operations. This, in turn, propels the demand for technologically advanced ammunition to enhance firepower, accuracy, and versatility. Additionally, geopolitical tensions and the continuous modernization of armed forces worldwide contribute to a consistent need for high-performance ammunition. The rise in global terrorism and the increasing focus on counter-terrorism operations further stimulate the market, prompting investments in state-of-the-art ammunition technologies. Moreover, the growing popularity of sport shooting and civilian firearm ownership fuels the demand for small and medium-caliber ammunition in the commercial sector. As the shooting sports industry expands, enthusiasts seek reliable and innovative ammunition for competitions and recreational shooting. Furthermore, advancements in manufacturing processes and materials, such as the development of lightweight and environmentally friendly ammunition, play a pivotal role in shaping market trends. The quest for reduced environmental impact, without compromising performance, has led to the emergence of eco-friendly ammunition options. The market is also influenced by regulatory changes and international agreements that impact the production, sale, and trade of ammunition.
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Competitive Landscape
The competitive landscape of the industry has also been examined along with the profiles of the key players operating in the market.
- ARSENAL JSCo
- BAE Systems, Inc.
- Denel SOC Ltd
- FN Herstal (Herstal Group)
- General Dynamics Ordnance and Tactical Systems (General Dynamics Corporation)
- Rosoboronexport
- MAXAMCorp Holding, S.L.
- MESKO S.A.
- Nammo AS
- Nexter KNDS Group
- Northrop Grumman Corporation
- Poongsan Corporation
- Rheinmetall Defense
- RUAG Group
- ST Engineering (Temasek Holdings Limited)
Key Market Segmentation:
Our report has categorized the market based on region, product, technology, application, and end use.
Breakup by Product:
- 62 x 39 mm
- 62 x 54 mm
- 30 x 165 mm
- 23 x 115 mm
- 23 x 152 mm
- 7 x 108 mm
- 5 x 114 mm
- Others
Breakup by Technology:
- Guided
- Unguided
Breakup by Application:
- Non-Lethal
- Lethal
Breakup by End Use:
- Military
- Law Enforcement
- Others
Breakup by Region:
- North America (United States, Canada)
- Europe (Germany, France, United Kingdom, Italy, Spain, Russia, Others)
- Asia Pacific (China, Japan, India, Australia, Indonesia, South Korea, Others)
- Latin America (Brazil, Mexico, Others)
- Middle East and Africa
Key Highlights of the Report:
- Market Performance (2018-2023)
- Market Outlook (2024-2032)
- Porter’s Five Forces Analysis
- Market Drivers and Success Factors
- SWOT Analysis
- Value Chain
- Comprehensive Mapping of the Competitive Landscape
About Us:
IMARC Group is a leading market research company that offers management strategy and market research worldwide. We partner with clients in all sectors and regions to identify their highest-value opportunities, address their most critical challenges, and transform their businesses.
IMARC’s information products include major market, scientific, economic and technological developments for business leaders in pharmaceutical, industrial, and high technology organizations. Market forecasts and industry analysis for biotechnology, advanced materials, pharmaceuticals, food and beverage, travel and tourism, nanotechnology and novel processing methods are at the top of the company’s expertise.
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A new study on the Ammunition market provides a detailed overview of the demands and consumptions of various products/services associated with the growth dynamics of the market during the historical period 2014 – 2018.
The in-depth market estimation of various opportunities in the segments is expressed in volumes and revenues during the forecast period 2019 – 2029.
These are covered in numerous sections, including, drivers and restraints, challenges and opportunities, regional segmentation and opportunity assessment, end-use/application prospects analysis, and competitive landscape assessment.
On the back of increased participation in sports shooting, the global ammunition market is expected to grow 1.4x between 2019 and 2029.Key stakeholders in the Ammunition market including industry players, policymakers, and investors in various countries have been continuously realigning their strategies and approaches to implement them in order to tap into new opportunities.
Many in recent months have overhauled their strategies to remain agile in the backdrop of worldwide disruptions caused by the COVID-19 pandemic.
Request to View Sample of Research Report @ https://www.factmr.com/connectus/sample?flag=S_id=4535The study also offers scrutiny of the changing government policies amid COVID-19 disruptions.
