Product ID: SQSG20A2021
Global Small Caliber Ammunition Market Size, Share, Growth Analysis, By Caliber(223 Remington, 308 Winchester), By Application(Commercial, Military & Homel) - Industry Forecast 2024-2031
Report ID:
SQSG20A2021 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|
Tables:
76 |
Figures:
75
Global Small Caliber Ammunition Market Regional Insights
Asia Pacific is expected to dominate the small caliber ammunition market share. This demand is predicated on the fact that these nations have the largest ammunition imports. According to Stockholm International Peace Research Institute (SIPRI), the five largest arms exporters in 2017–21 were the United States, Russia, France, China and Germany. The five largest arms importers were India, Saudi Arabia, Egypt, Australia and China. Between 2012–16 and 2017–21 there were increases in arms transfers to Europe 19% and to the Middle East 2.8%, while there were decreases in the transfers to the North America –36%, Africa –34%, and Asia –4.7%.
Followed by Europe and North America have shown significant growth over the forecast period. Government policies in Europe include those governing the ownership of firearms, the availability of firearms on a single market, and a protocol prohibiting the production and trafficking of firearms. The Middle Eastern and Syrian refugee crises have also presented difficulties for the European defense system. The threat of terrorism has also been present in Europe, and as a result, the market for ammunition in Europe is anticipated to grow during the forecast period. North America is driven by the US's strong demand for new ammunition assets to replace the outdated ones as well as the growing amount of money being invested in research and development. The demand for small caliber ammunition is expected to increase during the forecast period as a result of rising defense spending in the region and the US Department of Defense's long-term competitive strategy for developing cutting-edge technologies and new concepts of warfare. The demand and supply of small caliber ammunition in the region are also influenced by the substantial presence of several well-known companies that operate in the North American small caliber ammunition market, such as Northrop Grumman Corporation and General Dynamics Corporation.
Global Small Caliber Ammunition Market Report Snapshots
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