World News: 14:38 GMT Tuesday 14th January 2020. [Fortune Business Insights via Globe Newswire via SPi World News]
Pune, Jan. 14, 2020 (GLOBE NEWSWIRE) -- The size is projected to reach , thereby exhibiting a CAGR of 0.76% during the forecast period. This information is published in a recent study by , 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 states that the market was worth USD 2,350 million in 2018.
In the U.S., citizens are becoming increasingly aware of safety and security as the country is one of the biggest victims of mass shootings. Therefore, the rising concerns regarding personal security are set to propel the U.S. small caliber ammunition market growth during the forthcoming years. The government is also taking several initiatives to train youngsters as well as professionals for firearm safety through different chartered programs, such as the ‘Civilian Marksmanship’ program.
In terms of caliber, the market is divided into 5.45*39, 22 LR, 9mm Luger, 223 Remington, 6.5 Grendel, 308 Winchester, 44 Magnum, 357 Magnum, 40 S&W, 45 Auto/ACP, 30-06 Springfield, 380 ACP, 12 Gauge, 38 Special, 50 BMG, 7.62*54r, 7.62*39, and others. Out of these, at present, the 9mm Luger segment holds the highest U.S. small caliber ammunition market share. It is one of the most used pistol cartridges that is needed in handguns. In the U.S., handguns are used for self-defense, sports shooting, and hunting. Also, the rising demand for pistols for a wide range of applications is accelerating the demand for this type of caliber.
Furthermore, 9mm Luger is a standard caliber that is available in the market in various types, namely, open tip match (OTM), jacketed hollow point (JHP), full metal jackets (FMJ), and others. The FMJ types are used for practicing shooting, while the JHP types are used for self-defense. Apart from that, it is cost-effective. The 223 Remington segment had generated 15.30% U.S. small caliber ammunition market share in 2018.
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Globe Newswire: 14:38 GMT Tuesday 14th January 2020
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