According to a recent report published by Allied Market Research, titled, “Small Caliber Ammunition Market by Size, Application, and Casing: Global Opportunity Analysis and Industry Forecast, 2022–2031,” the global small caliber ammunition market was valued at $ 10,779.2 million in 2021, and is estimated to reach $14,190.6 million by 2031, registering a CAGR of 2.8% from 2022 to …
Tag Archives: Small Caliber Ammunition Market Growth
Small Caliber Ammunition Market Analysis, Growth Opportunities, Future Demand And Leading Players Updates By Forecast To 2027
The rise in terrorist activities across the globe propels the growth of the local government agencies, military, and police to procure small-caliber ammunition. Also, the military sector of various nations is witnessing a significant upsurge in the defense budget for the replacement of existing arsenal and other modernization initiatives, which in turn fuels the demand …