Small Caliber Ammunition Market Analysis, Competitive Landscape With Global Forecast 2027
According to a recently published report by Research Nester on “Small Caliber Ammunition Market: Global Demand Analysis & Opportunity Outlook 2027”delivers detailed overview of the global small caliber ammunition market in terms of market segmentation by gun type, by application, by caliber and by region.
The increasing crime rate, terrorist attacks, regional conflicts and the various geopolitical issues have led to the emergence of increasing demand for ammunitions and other high-end military equipment. The recent attacks on Sri Lanka and New Zealand has emphasized the governments to adopt for high investments in military and defense sector to ensure public and general safety.
As result of which, overall ammunition market is expanding, with small caliber ammunition market projected to witness a significant growth of around 3.2 % during the forecast period i.e. 2019-2027. Additionally, the recent developments have resulted in development of low weight cases, reduced range ammunitions, ammunitions with luminance trace which are one-way which are likely to foster the growth of the small caliber ammunitions market in the next few years.
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The market is segmented by gun type, application and caliber. The gun type segment is further segmented into handgun, rifle, shotgun and others, out of which, the handgun segment is anticipated to have leading shares on the back of their wide range of application in military and commercial purposes. The market is further segmented into self-defense, military/armed forces, government agencies, hunting and sports on the basis of application, out of which military/armed forces segment is anticipated to have leading shares owing to increasing border tensions between the countries, recent terrorist attacks and rising crime rate, the governments are investing huge in their militaries to empower them followed by hunting and sports segment with rising inclination of people towards sports like hunting, shooting and others.
On the regional basis, the market is segmented into North America, Europe, Asia-Pacific, Latin America and Middle East...
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