The U.S. small-caliber ammunition market, which encompasses ammunition used for civil and commercial purposes like sports shooting and hunting (but excludes military applications), was valued at $2.35 billion in 2018. This market is projected to grow to $4.43 billion by 2032, at an annual rate of 5% during the forecast period.
Know More Information:
https://www.fortunebusinessinsights.com/industry-reports/u-s-small-caliber-ammunition-market-101915
Ammunition refers to the projectiles, propellants, and related components used in firearms, small arms, and artillery. It is manufactured using materials like brass and steel. The growing demand for ammunition in the U.S. civil and commercial segments, especially for sports and hunting activities in North America, is driving the growth of this market.
Government initiatives to promote firearm safety and marksmanship training, particularly for the youth, are also contributing to the increased demand for small-caliber ammunition for civilian use. The availability of shooting ranges, gun and ammunition rental services, and training programs from companies are expected to further propel the growth of the U.S. civil and commercial small-caliber ammunition market.
Top Key Companies Covered in US Small Caliber Ammunition Market are: