Market Size of Small Caliber Ammunition Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 8.96 Billion |
| Market Size (2029) | USD 10.20 Billion |
| CAGR (2024 - 2029) | 2.63 % |
| Fastest Growing Market | Europe |
| Largest Market | North America |
Major Players
*Disclaimer: Major Players sorted in no particular order |
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Small Caliber Ammunition Market Analysis
The Small Caliber Ammunition Market size is estimated at USD 8.96 billion in 2024, and is expected to reach USD 10.20 billion by 2029, growing at a CAGR of 2.63% during the forecast period (2024-2029).
Procurement for the training of personnel by military and law enforcement is the constant source of demand for small ammunition. At the same time, border disputes, threats from militants and terrorists, as well as mobs are the major factors driving the underlying demand for small-caliber ammunition across all nations.
The growth of the small caliber ammunition market is subjective to several associative factors, such as the allocation of funds for the procurement of new equipment. It may be adversely affected by rapid technological advances resulting in the effective life of newly developed technology. Increasing investments in defense for military modernization programs to procure better equipment to replace its existing arsenal is also acting as one of the key market drivers of the small-caliber ammunition market.
Furthermore, the localization of the arms and ammunition manufacturing industry countries has been catching up with great interest and enthusiasm. Governments have been imposing local production and re-investment offsets as part of most mid-to-long-term military procurements.
The illegal sales of small caliber weapons and ammunition on the dark web present challenges for law enforcement agencies and governments of countries. Dark webs are those parts of obscured global networks that are frequently visited by criminals and other types of individuals to procure or sell a wide range of weapons and associated ammunition through encrypted marketplaces and vendor shops. The high level of anonymity enabled by the dark web makes the identification and linking of individuals to specific activities extremely challenging.
The stringent laws on gun ownership act as a key restrain for the growth of the small caliber ammunition market during the forecast period. The growing emphasis on gun control measures to reduce accidental gun deaths and injuries, domestic violence-related deaths, homicides, and suicides may even make the licensed rifle purchasing processes difficult during the upcoming period. This is expected to deter the growth of the market during the forecast period.
