Global Small Caliber Ammunition market report, share, trends, analysis and forecast to 2028
Added: (Thu Dec 01 2022)
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Stratistics MRC’s Global Small Caliber Ammunition Market value is expected to reach $10.61 billion growing at a CAGR of 4.29% during 2022-2028.
Small caliber ammunition is a mixture of cartridges as well as bullets fired up or dispersed from a weapon, especially from a gun. It consists of gunpowder and primers meant for blastoff or outburst. They are the canister utilized with fuses; boosting charges make use of in various gun types, small arms, and artillery. Such ammunition is produced utilizing a diversity of materials such as brass, steel, and others. The raise in the acquiring of ammunition by the armed forces, local enforcement agencies, and border security forces are boosting the market.
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By geography, Asia Pacific is projected to explanation for forceful profits CAGR during the forecast Period. The market in Asia Pacific is expected to account for largest revenue share over the forecast period. Rising demand for small caliber ammunition from different sectors, including military, law enforcement, and for sport and hunting is expected to continue to support growth of the market in the region. Increasing incidence of radical performance has led to increased use of ammunition by armed forces. Growing number of drug cartels in is following revenue growth of the market in the region.
Some of the key players profiled in the Small Caliber Ammunition Market include Australian Munitions, Sellier & Ballot, Thales Group, BAE Systems, Nammo AS, Remington Arms Company LLC, Denel SOC Ltd, Winchester Ammunition, Aguila Ammunitions, CBC Global Ammunition, General Dynamics Ordnance and Tactical System, BAE System Plc, Remington Arms Company LLC, Vista Outdoor, Inc., Northrop Grumman Corporation, Denel PMP, Olin Corporation, General Dynamics Corporation, RUAG, Elbit Systems Ltd.
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● Competitive Benchmarking
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