Global Small & Medium Caliber Ammunition Market by Product (23 x 115 mm, 7.62 x 39 mm) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa), Forecast To 2028

Summary of the Report

Global small and medium caliber ammunition market was valued at USD 91.8 billion in 2019. It is projected to grow at a compound annual rate (CAGR of 4.2%) between 2020-2027. Market growth is expected to be driven by increasing geopolitical tensions, and rising military spending. The ammunition can be purchased commercially through either direct supply or third-party distributors. Manufacturers can only sell their products to entities that have a federal license. This can be either a wholesaler, retailer, or user. Trade is governed by strict regulations. Different countries have different laws or arms acts to regulate the trade.

India's market is expected to grow rapidly over the forecast period due to the development of its armed forces and the adoption new technological weapons. In addition, the ongoing geopolitics between China and Pakistan as well as the repeated disputes with Pakistan over the borderline are expected to drive product procurement.

Market growth will be stimulated by rising defense spending and increased focus on defense organizations in improving their respective military combat operations with technological enhancements. Market growth will also be supported by a rise of commercial hunting and other sports activities.

Because of their ease of availability, affordability, compatibility with AK series rifles, and their compatibility with them, 7.62 x 39mm caliber ammunition is widely used. There are high market opportunities due to the growing demand for 7.62x39mm ammunition for military training and war-fronts.

Product demand is expected to grow due to a variety of trends and product development phases. The high demand has prompted the local government to develop and target its local manufacturing in arms and ammunition. In 2018, Bangladesh Ordnance Factory developed BD-08 assault weapons that use 7.62x39 mm ammunition to support its armed forces.

Product Insights

The market leader was the 7.62 x 39mm caliber, which accounted for more that 12% of global revenue in 2019. This is due to an increase in its usage because it's compatible with the AK-47 rifle line. These are also very affordable because they are widely available and accepted by all regions. The gun's high-knockdown and moderate coil are two of its key attributes. This product type is used extensively by both military and civil entities, particularly for hunting and sports activities.

Because it is used in active military use, 7.62x54mm ammunition is a popular choice. It is a popular rimmed cartridge for Russian military sniper rifles, such as the Dragunov and SV-98. It is also widely used in India, Egypt, Algeria and other countries due to its use in general-purpose machine gun applications, such as the Pecheneg or PKM machine guns.

The 30 mm caliber ammunition, an autocannon type, is used against armed vehicles, particularly aircraft and fortified buners. This product can be used in a number of close-in weapon systems such as the Russian AK-630 and the Dutch Goalkeeper CIWS.

Regional Insights

Asia Pacific was the dominant market, accounting for 67% of total revenue in 2019. Due to increased procurement of small ammunition for the armed forces due to geopolitical tensions and terrorist activity in the region, the regional market will expand at a faster CAGR of approximately 6% between 2020 and 2027. Due to high imports of arms and ammunition from the region, a large share of the market was in Middle East and Africa. The world's largest arms imports came from the U.S. to Saudi Arabia. The region also accounted for nearly 29% of global ammunition and arms imports.

Growth is expected to be driven by an increase in arms imports and government involvement in order to purchase more arms in the region, particularly in countries like Algeria, Egypt and Kuwait to combat terrorism and to resolve border disputes. Due to the high number gun-related crimes in Brazil, and the relaxed laws regulations, the market in Central & South America will grow significantly over the forecast period. These countries include Chile, Peru, Brazil and Chile that import the largest amount of ammunition for civilians as well as the military from the U.S. This trend is expected to continue during the forecast period.

Market Share Insights & Key Companies

Markets are witnessing an increase in product development via mergers and acquisitions. Companies are looking to expand their sales by investing, acquisitions, and innovation. Major manufacturing companies are able to gain contracts from major defense forces, large industries and other organizations that supply ammunition and arms on the basis of a federal licence and a viable distribution network. This makes the industry highly competitive. The following are some of the major players in the small and medium caliber ammunition market:

• Northrop Grumman Corp.

• FN Herstal

• General Dynamics Corp.

• BAE Systems, Inc.

• ARSENAL JSCo

• MESKO S.A.

• Nammo AS

• Rheinmetall Defense

• JSC Rosoboronexport

• Nexter KNDS Group

• ST Engineering

• Denel SOC Ltd.

• MAXAMCorp Holdings, S.

• RUAG Group

• Poongsan Corp.

• CBC Ammo LLC

• STV Group a.s.

• Yugoimport SDPR J.P

• The Ulyanovsk Cartridge Works

• Rostec

• The Tula Cartridge Works

• Klimovsk Specialized Ammunition Station

• V.A. Degtyarev Plant

• State Research and Production Enterprise Bazalt

• Central Research Institute for Precision Machine Building, TsNIITochMash

• North Industries Group Corp. (Norinco)

Up Market Research published a new report titled “Small & Medium Caliber Ammunition Market research report which is segmented by Product (23 x 115 mm, 7.62 x 39 mm), By Players/Companies North Industries Group Corp (Norinco), RUAG Group, ST Engineering, The Ulyanovsk Cartridge Works, State Research and Production Enterprise Bazalt, Denel SOC Ltd, VA Degtyarev Plant, BAE Systems Inc, MESKO SA, Poongsan Corp, FN Herstal, The Tula Cartridge Works, JSC Rosoboronexport, CBC Ammo LLC, Rheinmetall Defense, Rostec, ARSENAL JSCo, Central Research Institute for Precision Machine Building (TsNIITochMash), MAXAMCorp Holding SL, Yugoimport SDPR JP, Nammo AS, Klimovsk Specialized Ammunition Plant, STV Group as, Northrop Grumman Corp, General Dynamics Corp, Nexter KNDS Group”. As per the study the market is expected to grow at a CAGR of XX% in the forecast period.

Report Scope

The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.

Global Small & Medium Caliber Ammunition Market Report Segments:

The market is segmented by Product (23 x 115 mm, 7.62 x 39 mm).

Small & Medium Caliber Ammunition Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.

Key Benefits for Industry Participants & Stakeholders:

• Industry drivers, restraints, and opportunities covered in the study
• Neutral perspective on the market performance
• Recent industry trends and developments
• Competitive landscape & strategies of key players
• Potential & niche segments and regions exhibiting promising growth covered
• Historical, current, and projected market size, in terms of value
• In-depth analysis of the Small & Medium Caliber Ammunition Market

Overview of the regional outlook of the Small & Medium Caliber Ammunition Market:

Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.

Highlights of The Small & Medium Caliber Ammunition Market Report:

1. The market structure and projections for the coming years.
2. Drivers, restraints, opportunities, and current trends of Small & Medium Caliber Ammunition Market.
3. Historical data and forecast.
4. Estimations for the forecast period 2028.
5. Developments and trends in the market.

                1. 23 x 115 mm

                2. 7.62 x 39 mm

7. Market scenario by region, sub-region, and country.
8. Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
9. Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
10. Government Policies, Macro & Micro economic factors are also included in the report.

We have studied the Small & Medium Caliber Ammunition Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.

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Reasons to Purchase the Small & Medium Caliber Ammunition Market Report:

• The report includes a plethora of information such as market dynamics scenario and opportunities during the forecast period
• Segments and sub-segments include quantitative, qualitative, value (USD Million,) and volume (Units Million) data.
• Regional, sub-regional, and country level data includes the demand and supply forces along with their influence on the market.
• The competitive landscape comprises share of key players, new developments, and strategies in the last three years.
• Comprehensive companies offering products, relevant financial information, recent developments, SWOT analysis, and strategies by these players.