North America Small Caliber Ammunition Market is expected to reach US$ 3,688.36 million by 2028

9mm Segment to Dominate North America Small Caliber Ammunition Market during 2021–2028

According to a new market research study on “North America Small Caliber Ammunition Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Ammunition Size, End User, and Gun Type” is expected to reach US$ 3,688.36 million by 2028 from US$ 2,298.44 million in 2021. The market is estimated to grow at a CAGR of 7.0% from 2021 to 2028. The report provides trends prevailing in the North America small caliber ammunition market along with the drivers and restraints pertaining to the market growth. Growing investments by homeland security and law enforcement departments and rising need of modernizing military operations with rapid changes in warfare are the major factor driving the growth of the North America small caliber ammunition market. However, strict regulations related to procurement and sales of ammunition hinders the growth of North America small caliber ammunition market.

In case of COVID-19, North America is highly affected specially the US. The COVID-19 pandemic has had no impact on ammunition demand in the defense sector in the United States. The US Department of Defense (DoD) has asked manufacturers to continue with ammunition-related product activities. However, demand for ammunition in civil and commercial applications has shifted, particularly in sporting and hunting activities. The demand for ammunition for self-defense purposes has increased significantly. “About 2 Million Guns Were Sold in the US as Virus Fears Spread,” according to the New York Times, which highlights the increased ammunition demand for self-defense applications in April 2020.

The North America small caliber ammunition market is segmented on the bases of ammunition size, end user, gun type, and country. Based on ammunition size, the market is segmented into 5.56mm, 7.62mm, 9mm, 12.7mm, 14.5mm, 45ACP, .338 LM, .22LR, 223 rem, and .308 Winchester. The 9mm segment dominated the North America small caliber ammunition market in 2020 and 7.62mm segment is expected to be fastest growing during forecast period. In terms of end user, the North America small caliber ammunition market is segmented into military, homeland security, and law enforcement agencies. The military segment dominated the North America small caliber ammunition market in 2020 and homeland security segment is expected to be fastest growing during forecast period. Based on gun type, the market is segmented into pistols, rifles, and shot guns. The pistols segment dominated the North America small caliber ammunition market in 2020 and rifles segment is expected to be fastest growing during forecast period.

BAE Systems Plc, CBC Global Ammunition, Denel PMP, Elbit Systems Ltd., FN HERSTAL, General Dynamics Ordnance and Tactical Systems, NAMMO AS, Northrop Grumman Corporation, Remington Ammunition, and Winchester Ammunition are among the leading companies in the North America small caliber ammunition market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, General Dynamics Ordnance and Tactical Systems collaborated with Dynamit Nobel Defense GmbH to develop shoulder-launched weapons, namely Recoilless Grenade Weapon series. The weapon will be manufactured in two variants, 60mm (RGW60) and 90mm (RGW90).

The Report Segments the North America Small Caliber Ammunition Market as Follows:

North America Small Caliber Ammunition Market – By Ammunition Size

• 5.56mm
• 7.62mm
• 9mm
• 12.7mm
• 14.5mm
• 45ACP
• .338mm
• .22LR
• 223 REM
• .308 Winchester

North America Small Caliber Ammunition Market – By End User

• Military
• Homeland Security
• Law Enforcement Agencies

North America Small Caliber Ammunition Market – By Gun Type

• Pistols
• Rifles
• Shot Guns

North America Small Caliber Ammunition Market – By Country

• US
• Canada       
• Mexico