According to a new research report pertaining to the small-caliber ammunition market, published by Transparency Market Research the global small-caliber ammunition market is expected to reach a value of ~7.5 Bn by 2027, expanding at a CAGR of 4.5% from 2019 to 2027. According to the report, the global small-caliber ammunition market would continue to be influenced by a range of macroeconomic and market-specific factors during the forecast period.
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- The report offers detailed segmentation of the global small-caliber ammunition market: in terms of type (full metal jacket ammunition, tracer ammunition, incendiary ammunition, armor piercing ammunition, and others), caliber (below 7 mm, 7–9 mm, 9–12 mm, and 12–14 mm), and end-use industry (commercial, military, and law enforcement). The global market has also been segmented based on region (North America, Europe, Asia Pacific, South America, and Middle East & Africa).
- Among the calibers, the 7–9 mm segment accounted for a leading share of the global small-caliber ammunition market in 2018. The segment is anticipated to maintain its dominance during the forecast period as well.
- Military is a highly attractive segment of the global small-caliber ammunition market. It is the largest segment in terms of market size. It is anticipated to expand at the most rapid rate during the forecast period. Additionally, rise in the procurement of small-caliber ammunition by armed forces, border security forces, and local enforcement agencies to combat terrorism, territorial conflicts, and geopolitical tensions is anticipated to drive the military segment in the small-caliber ammunition market in the next few years.