Global Commercial (Hunting & Shooting, Self-Defence) Small Caliber Ammunition Market -Forecast & Analysis, 2016-2022
The global commercial small caliber ammunition market is expected to experience a robust rate of growth in the upcoming years. This growth is attributed to a rising demand of small ammunition for commercial applications. The major commercial applications of small caliber ammunition include civilian defense, hunting, target and outdoor shooting activities.
Some of the key factors driving the commercial small caliber ammunition include: increasing population of hunting population; rising personal safety concern; growing interest of people towards trophy hunting activities. However, rules and regulations limiting the hunting of animals in certain countries can restrain the overall growth of this market.
Small caliber ammunition finds its applications in self-defense and hunting and shooting activities. The report discusses the various calibers of small caliber applications, along with their uses in the commercial segment. By analysis, global commercial small caliber ammunition market has generated $5.25 billion globally in 2015, in terms of revenue.
Following points provide a concrete description of the report content and the topics covered in the report:
Small caliber ammunition technology comprises of a widespread usage in various commercial and noncommercial applications. Major commercial applications include civilian self-defense, hunting and target shooting. At the same time, non-commercial applications include high-end bullets used in military and law enforcement activities. Global commercial small caliber ammunition market is expected to experience a robust growth in the future years owing to the rising demand of ammo for various commercial applications such as hunting, target shooting and self-defense among others. Furthermore, the increase in the amount of hunting population (both adult and youth hunters) is expected to drive this demand further in the upcoming years.
In terms of value, the commercial small caliber ammunition market was estimated to generate $5.25 billion globally, in the year 2015. The small caliber commercial small caliber ammunition market is anticipated to grow further, owing to the rise in procurement of ammunition for hunting, shooting activities, and self-defense ammunition; particularly by the female populace.
Hunting and shooting application holds the lion’s share in global commercial small caliber ammunition market. There is an increasing interest of people towards hunting activities especially trophy hunting, For instance, countries such as Zimbabwe, Belarus are offering trophy hunting packages to tourists, therefore, increasing the demand for small caliber bullets. Moreover, due to an increase in sales of personal defense ammo because of rising fear among citizens from growing crime rates, the commercial small caliber ammunition is expected to grow at an increasing pace. However, government rules and policies imposing restrictions on the hunting of certain animal species, and programs carried out to replace the conventional lead bullets with non-lead cartridges may challenge this growth of the market in the forecast period.
In terms of revenue generation, North America is estimated to dominate the global commercial small caliber ammunition market followed by Europe and Asia Pacific region. Most of the major manufacturers of commercial small caliber ammunition are headquartered in the U.S., resulting into North America being the most technologically advanced region in small caliber ammunition, globally. Europe, growing at the highest rate, is expected to grow at CAGR of 4.10% from the year 2015-2022, due to increasing number of hunters and rising concern of personal safety.
Presently, 12 gauge shot shells are extensively being used for personal-defense, hunting and shooting (trap, clay and skeet shooting) activities, and is the leading caliber in commercial small caliber ammunition market in terms of value generated. Due to 12 gauge’s wide usage in commercial application this caliber is expected to grow at a CAGR of 4.2% in the years 2015-2022. .22 caliber ammunition is estimated to generate second highest revenue in the global market owing to its high popularity and inexpensive cost.
Some of the key players in global commercial small caliber ammunition market are Vista Outdoor Operations, Winchester Ammunition, Remington Outdoor Company, RUAG Ammotec, Nammo AS, Denel PMP, Liberty Ammunition, Tula Cartridge Works, Prvi Partizan, and Black-Hills Ammunition.
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