Small Caliber Ammunition Market to Hit USD 9.41 Billion by 2022-2029 | Rising Utilization of Guns for Personal Security to Boost Market Growth

Pune, India, July 07, 2022 (GLOBE NEWSWIRE) -- The global small caliber ammunition market size was USD 7.90 billion in 2021. The market is projected to grow from USD 8.00 billion in 2022 to USD 9.41 billion in 2029 at a CAGR of 2.35% in the 2022-2029 period. This information is provided by Fortune Business Insights , in its report titled, "Small Caliber Ammunition Market, 2022-2029 ." COVID-19 Impacts: COVID-19 Pandemic Positively Impacted Market due to Insecurity among Population The crisis of COVID-19 pandemic has averagely influenced the defense and commercial ammunition industry, but the market research has demonstrated moderate growth in 2020 & 2021 and is predicted to bolster during the forecast period. During COVID-19 period, the National Shooting Sports Foundation (NSSF) anticipated that in the initial quarter of 2020, 40% of the firearms were bought by first-time purchasers. This encouraged the demand and sales for ammunition, thus fostering the market growth of small-caliber ammunition. Get a Sample PDF Brochure: List of Key Players Mentioned in the Report: Aguila Ammunition (Mexico) BAE Systems (U.K.) Denel SOC Ltd (South Africa) General Dynamics Corporation (U.S.) Nammo AS (Norway) Northrop Grumman Corporation (U.S.) Olin Corporation (U.S.) RAUG Group (Switzerland) Remington Arms Company LLC (U.S.) Sellier & Ballot (Czech Republic) Vista Outdoor, Inc. (U.S.) Elbit Systems Ltd. (Israel) KNDS N.V. (France) Thales Group (France) Report Scope & Segmentation: Report Attribute Details Market size value in 2021 USD 7.90 Billion Revenue forecast in 2029 USD 9.41 Billion Growth Rate CAGR of almost 2.35% during 2022-2029 Base Year 2021 Historic Years 2018- 2020 Forecast Years 2022- 2029 Full story available on