U.S. Small Caliber Ammunition Market Size to Reach USD 2,330 Million by 2026; Rising Recreational Shooting & Firearm Training Programs to Surge Demand

The U.S. small caliber ammunition market size is projected to reach USD 2,330 million by 2026. The market is set to showcase remarkable growth stoked by the rising usage of ammunition for hunting and sports activities. This information is published in a new study by Fortune Business Insights™, titled, “The U.S. Small Caliber Ammunition Market Size, Share & Industry Analysis, By Caliber (22 LR, 223 Remington, 308 Winchester, 9mm Luger, 357 Magnum, 45 Auto/ACP, 380 ACP, 40 S&W, 38 Special, 30-06 Springfield, 7.62*39, 7.62*54r, 5.45*39, 50 BMG, 6.5 Grendel, 12 Gauge, 44 Magnum, and Others), Casing Type (Brass, Steel, Brass-coated Steel), Bullet Type (Lead, Copper, Brass, and Others), Distribution Channel (Online Stores, Retail Stores (Large Outlets, Shooting Ranges, and Local/ Niche Shops)), and Regional Forecast, 2019-2026.” The report further mentions that the market was worth USD 2,350 million in 2018. However, it will exhibit a CAGR of 0.76% during the forecast period between 2019 to 2026.

Government Initiatives to Promote Firearm Safety Training Will Boost Growth

The U.S. government is putting forward several initiatives, such as the ‘Civilian Marksmanship’ program to promote rifle practices and firearm safety training for the citizens, especially the youths. The program operates through state associations, shooting clubs, and affiliated private companies. It not only offers firearm safety training, but also organizes various rifle and pistol competitions to encourage the youngsters.

Moreover, in California, it is a must for all the firearm owners to know about the responsibilities and operations associated with the firearm in detail. Courses, such as ‘National Handgun Safety’ and other are conducted by many national institutions in the region. The National Rifle Association of America provides firearm education, safety, recreational shooting, and training services to the masses. Such associations encourage sport shooting and hunting activities. It is likely to aid in fueling the U.S. small caliber ammunition market growth in the coming years.

To get a detailed report summary and research scope of this market, click here:

https://www.fortunebusinessinsights.com/industry-reports/u-s-small-caliber-ammunition-market-101915

Key Segments of the U.S. Small Caliber Ammunition Market

• By caliber: The market is segregated into 22 LR, 223 Remington, 308 Winchester, 9mm Luger, 357 Magnum, 45 Auto/ACP, 380 ACP, 40 S&W, 38 Special, 30-06 Springfield, 7.62*39, 7.62*54r, 5.45*39, 50 BMG, 6.5 Grendel, 44 Magnum, 12 Gauge, and others. Amongst these, the 9mm Luger hold the largest market share at present owing to its increasing usage in handguns. Handguns are often used for self-defense, sports shooting, and hunting. Additionally, the rising demand for pistols for a wide range of applications is likely to accelerate the growth of this segment. These calibers are available in a variety of types, namely, open tip match (OTM), jacketed hollow point (JHP), and full metal jackets (FMJ). They are also very economical. The 223 Remington segment had generated 15.30% U.S. small caliber ammunition market share in 2018.


• By casing type: The market is grouped into brass-coated steel, steel, and brass. Out of these, the brass segment is set to exhibit a considerable growth in the forthcoming period. It is likely to occur because of their heavy usage owing to the possession of many beneficial properties, such as high durability. The brass-based casing is favorable and hence, it is used in a variety of applications. Apart from that, brass cases ammunitions are mainly used by the range owners and target shooters on account of their feature of reusability. As compared to the other casing types, brass is the most flexible and reliable material. It would further increase the U.S. small caliber ammunition market revenue.


• By bullet type: The market is fragmented into brass, copper, lead, and others. The lead segment is anticipated to showcase the highest CAGR in the upcoming years owing to its usage for multiple purposes, namely, shoot target points, bottles, cans, self-defense, and hunting. Lead, on the other hand, is a malleable metal. Therefore, it can be transformed into any desirable shape. This property makes it suitable for being combined with the other metals. Another crucial advantage of lead bullet is that it’s projectile is relatively soft and versatile. This is one of the most significant U.S. small caliber ammunition market trends.


• By distribution channels: The market is categorized into online stores and retail stores. The retail stores segment consists of sub-segments, namely, local/niche shops, shooting ranges, and large outlets. The retail stores segment is expected to grow rapidly because of the persistent expansion of shooting ranges as well as the presence of a large number of retail outlets in the U.S. Online stores segment is also gaining high popularity nowadays owing to the launch of a variety of calibers from numerous brands.

Fortune Business Insights™ profiles some of the most prominent companies operating in the U.S. small caliber ammunition market. They are as follows:

• Aguila Ammunition


• MAST Technology, Inc.


• Denel SOC Ltd.


• Barnaul Ammunition


• Remington Arms Company, LLC.


• Olin Corporation


• Nammo AS


• RAUG Group


• FIOCCHI MUNIZIONI SPA


• Hornady


• Sellier & Ballot


• VISTA OUTDOOR OPERATIONS LLC.


• MESKO


• Wolf Performance Ammunition


• PPU USA Ammo


• Other key market players

The U.S. small caliber ammunition market can be segmented on the bases of: