Asia Pacific Small Caliber Ammunition Market Forecast to 2028 - COVID-19 Impact and Regional Analysis By Ammunition Size, End User, and Gun Type

Pistols Segment to Dominate APAC Small Caliber Ammunition Market during 2021-2028.

According to a new market research study on “APAC Small Caliber Ammunition Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Ammunition Size, End-user, and Gun Type” is expected to reach US$ 2,666.42 million by 2028 from US$ 1,432.06 million in 2021. The market is estimated to grow at a CAGR of 9.3% from 2021 to 2028. The report provides trends prevailing in the APAC small caliber ammunition market along with the drivers and restraints pertaining to the market growth. Increasing demand for small arms ammunition and rising adoption of new squad automatic rifle by military forces are the major factor driving the growth of the APAC small caliber ammunition market. However, imposition of stringent regulations related to procurement and sales of ammunition hinders the growth of APAC small caliber ammunition market.

In case of COVID-19, APAC is highly affected specially India. The COVID-19 has had a significant impact on the military and defense sectors of several Asian countries, including India, China, Japan, and others, due to supply chain disruptions. Governments in Asia Pacific countries have announced a lockdown to mitigate the effects, negatively impacting the manufacturing sector. In the APAC, China is the largest manufacturer of ammunition, followed by India and Japan. The dynamics of the military and defense sector in Asia Pacific countries have changed dramatically due to a sharp drop in demand. Ammunition production has slowed because of the lockdowns. India and Thailand, for example, have announced reductions in defense spending as a result of the COVID-19 crisis. Due to COVID-19 pandemic, ammunition, and assembly line manufacturing all over the APAC region have been impacted. Despite the importance of ammunition manufacturing for military applications, supply chain disruptions have temporarily slowed production. Several APAC countries have decided to cut their defense budgets in general. Budgets for research and non-critical sectors are likely to be temporarily cut as defense departments focus more on critical sectors to national security. But APAC countries like china has increased their planned defense spending during this time.

The APAC small caliber ammunition market is segmented on the bases of ammunition size, End-user, gun type, and country. Based on ammunition size, the market is segmented into 5.56mm, 7.62mm, 9mm, 12.7mm, 14.5mm, 45ACP, .338 LM, .22LR, 223 rem, and .308 Winchester. The 9mm segment dominated the APAC small caliber ammunition market in 2020 and 7.62mm segment is expected to be fastest growing during forecast period. In terms of End-user, the APAC small caliber ammunition market is segmented into military, homeland security, and law enforcement agencies. The military segment dominated the APAC small caliber ammunition market in 2020 and homeland security segment is expected to be fastest growing during forecast period. Based on gun type, the market is segmented into pistols, rifles, and shot guns. The pistols segment dominated the APAC small caliber ammunition market in 2020 and rifles segment is expected to be fastest growing during forecast period.

BAE Systems Plc, CBC Global Ammunition, Elbit Systems Ltd. FN HERSTAL, NAMMO AS, and Northrop Grumman Corporation are among the leading companies in the APAC small caliber ammunition market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2021, FN HERSTAL has announced that they will be launching a new small-caliber weapon on 6th May 2021.

The report segments the APAC Small Caliber Ammunition Market as follows:

APAC Small Caliber Ammunition Market - By Ammunition Size

• 5.56mm
• 7.62mm
• 9mm
• 12.7mm
• 14.5mm
• 45ACP
• .338mm
• .22LR
• 223 REM
• .308 Winchester

APAC Small Caliber Ammunition Market - By End-user

• Military
• Homeland Security
• Law Enforcement Agencies

APAC Small Caliber Ammunition Market - By Gun Type

• Pistols
• Rifles
• Shot Guns

APAC Small Caliber Ammunition Market - By Country

• Australia
• China
• India
• Japan
• South Korea
• Rest of APAC

Reasons to buy:

• Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the APAC small caliber ammunition market
• Highlights key business priorities in order to assist companies to realign their business strategies
• The key findings and recommendations highlight crucial progressive industry trends in APAC small caliber ammunition market, thereby allowing players across the value chain to develop effective long-term strategies
• Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
• Scrutinize in-depth APAC market trends and outlook coupled with the factors driving the small caliber ammunition market, as well as those hindering it
• Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution