This “Small Caliber Ammunition Market” report provides a detailed study on market and how it is impacting the industry. The report includes details of emerging trends, growth history, sales channel, manufacturers profiled in business, market share of product, application and regional scope of industry. In addition, the report also mentions opportunities that manufacturers operating in the global Small Caliber Ammunition market can use for expanding their business in untapped market to increase their customer base.
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Small Caliber Ammunition Market Covers Manufacturers:
Scope of the Report:
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Key Market Trends:
The Military Segment Accounted for a Major Market Share in 2018
The military segment currently dominates the market studied, and it is expected to continue its domination, in terms of market share, over the forecast period. This is due to the increase in procurement of ammunition by the armed forces, local enforcement agencies, and border security forces to subdue the threats arising, due to terrorism, territorial conflicts, and geopolitical tensions. For instance, to modernize their infantry, the Defense Ministry of India placed an order for 72,400 assault rifles to the US firm Sig Sauer of worth USD 100 million. This order was placed in February 2019 to replace the INSAS rifles. Such procurements are expected to generate demand for small caliber ammunition during the forecast period.
The Asia-Pacific Region is Expected to Experience the Highest Growth During the Forecast Period
The Asia-Pacific region currently has the highest market share and is anticipated to have the highest growth during the forecast period. The current political tensions between countries, like China, India, Japan, and Pakistan, along with the shortage of military personnel in Japan and India, are some of the major drivers that propelling the growth of the small caliber ammunition market over the forecast period. For instance, as of July 2018, Indian Army had a shortage of over 7,000 officers and Indian Air Force had a shortage of approximately 200 officers; as of October 2018, Indian Navy had a shortage of about 1,500 officers. The plans to recruit new military personnel may generate demand for arms and ammunition, which in turn, may generate demand in the small caliber ammunition market during the forecast period.
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Target Audience of Small Caliber Ammunition Market:
- Manufacturer / Potential Investors
- Traders, Distributors, Wholesalers, Retailers, Importers and Exporters.
- Association and government bodies.
Key Reasons to Small Caliber Ammunition Market Report:
- Analyzing various perspectives of the Small Caliber Ammunition market with the help of Porter’s five forces analysis
- The End User that is expected to dominate the Small Caliber Ammunition market is analyzed in detail
- The regions which are expected to witness fastest growth during the forecast period are analyzed and estimated for growth of Small Caliber Ammunition market.
- Identify the latest developments, market shares and strategies employed by the major market players.
- Regional analysis of Small Caliber Ammunition market studied, during the forecast period
- The segments that are expected to dominate the Small Caliber Ammunition market studied.
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