The U.S. small caliber ammunition market size is anticipated to reach USD 4.8 billion by 2030, registering a CAGR of 2.3% from 2024 to 2030. The growing emphasis on self-defense, sports shooting, and hunting activities in the U.S. is a significant driver of the market growth. Government initiatives aimed at promoting firearm safety training, rifle practice, and personal safety awareness programs drive the demand for guns and, subsequently, small ammunition across the country. The increasing awareness of personal safety and security among U.S. citizens has been a significant factor driving the market growth. With millions of people carrying firearms for personal protection, there is a continuous demand for small ammunition used in handguns and shotguns.
According to the Pew Research Center survey, around 72% of U.S. gun owners say protection is a significant reason for owning a firearm. This statistic underscores the importance of personal safety as a driving factor behind gun ownership in the U.S. The popularity of online sales channels for small-caliber ammunition is increasing due to factors like real-time inventory systems and fast shipping, which contribute to market growth. Online sales channels allow customers to purchase ammunition from the comfort of their homes, eliminating the need to visit physical stores. This accessibility appeals to many consumers, including shooting enthusiasts, hunters, and individuals seeking personal protection.
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According to the Pew Research Center survey, around 72% of U.S. gun owners say protection is a significant reason for owning a firearm. This statistic underscores the importance of personal safety as a driving factor behind gun ownership in the U.S. The popularity of online sales channels for small-caliber ammunition is increasing due to factors like real-time inventory systems and fast shipping, which contribute to market growth. Online sales channels allow customers to purchase ammunition from the comfort of their homes, eliminating the need to visit physical stores. This accessibility appeals to many consumers, including shooting enthusiasts, hunters, and individuals seeking personal protection.
U.S. Small Caliber Ammunition Market Report Highlights
- Based on the caliber, the 5.56mm segment accounted for the largest revenue share of 77.8% in 2023 and is expected to grow at a significant CAGR from 2024 to 2030. The segment dominance can be attributed to the product’s use in military applications for commercial purposes and shooting sports
- The centerfire product segment dominated the market in 2023 and is expected to grow at the fastest CAGR from 2024 to 2030. Its performance attributes, safety features, and durability support the segment’s dominant position in the market
- In October 2023, Olin Corporation acquired White Flyer Targets, a prominent provider of recreational targets for trap, skeet, and sporting clay shooting in North America. The acquisition enabled Olin to enhance its presence in the recreational shooting industry by merging White Flyer Targets with the Winchester Ammunition business
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- Comprehensive Market Analysis: Gain detailed insights into the global market across major regions and segments.
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- Actionable Recommendations: Utilize insights to uncover new revenue streams and guide strategic business decisions.
This report addresses:
- Market intelligence to enable effective decision-making
- Market estimates and forecasts from 2018 to 2030
- Growth opportunities and trend analyses
- Segment and regional revenue forecasts for market assessment
- Competition strategy and market share analysis
- Product innovation listing for you to stay ahead of the curve
- COVID-19's impact and how to sustain in these fast-evolving markets
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Table of Contents
Chapter 1. Methodology and Scope
Chapter 2. Executive Summary
Chapter 3. U.S. Small Caliber Ammunition Market Variables, Trends & Scope
Chapter 4. U.S. Small Caliber Ammunition Market: Caliber Estimates & Trend Analysis
Chapter 5. U.S. Small Caliber Ammunition: Product Estimates & Trend Analysis
Chapter 6. Competitive Landscape
List of Tables
List of Figures
Companies Mentioned
- FN HERSTAL
- Hornady
- Nammo AS
- Northrop Grumman
- Olin Corporation
- Remington Ammunition
- Rosoboronexport
- Sierra Bullets
- Visa Outdoor Operations LLC
- Winchester Ammunition
Methodology
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Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 80 |
| Published | June 2024 |
| Forecast Period | 2023 - 2030 |
| Estimated Market Value ( USD | $ 4.05 Billion |
| Forecasted Market Value ( USD | $ 4.8 Billion |
| Compound Annual Growth Rate | 2.3% |
| Regions Covered | United States |
| No. of Companies Mentioned | 10 |
