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Small Caliber Ammunition Market to Swell Over $4.05 Billion by 2022

25 Apr 2016
Small Caliber Ammunition Market to Swell Over $4.05 Billion by 2022

Liberty Ammunition will be exhibiting at the USCCA Concealed Carry Expo at the Georgia International Convention Center in Atlanta, Georgia, April 29 – May 5, 2016. The USCCA Expo allows concealed carry enthusiasts to see leading edge industry products, services and information. This expo provides the opportunity to receive the most up-to-date in concealed carry education by listening to guest speakers and having some fun at the live-fire shooting range. “We wanted to create a bullet that would truly be one shot and the threat is done. To do this we rethought everything about how a projectile works and created a lead-free lightning fast round” said Matt Phillips, VP of Marketing and Sales at Liberty Ammunition.

With the increasing demand for small arms ammunition in emerging countries (such as Asia-Pacific, Middle East and Africa), BIS Research has predicted the global small caliber ammunition to be a billion dollar industry reaching $4.05 Billion in 2022 at a double digit CAGR from 2016-2022 in its meticulous report: Global Small Caliber Ammunition Market - Forecast & Analysis, 2016 -2022. The analyst states,” Major calibers that are expected to observe soaring demand over the forecasted period include 5.56mm caliber, 7.62mm caliber and 9mm caliber, owing to the increasing adoption of the 9mm rounds by the military and law enforcement agencies.”

According to the report, the North American region is the largest market for ammunition manufacturers and is expected to remain so over the forecasted period.  At the same time, Asia-Pacific, Middle East and Africa are emerging as regions with major growth potential for small caliber ammunition producers. The ammunition market growth in emerging regions will be propelled by increase in defense/military procurements as well as growing personal security concerns among civilians.

Additional information is provided in the Global Small Caliber Ammunition Market report by BIS Research. The report also focuses on the restraints & key industry challenges that can possibly slow down the market growth, and the current growth opportunities that are going to shape the market. Further, the report also analyses the key trends & emerging technologies influencing the market growth, major military programs and the demand & supply side factors impacting the market. A separate section is provided in the report focusing on political, economic, social, technological, legal and environmental factors which can impact the industry in the future.

 

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