PUBLISHER: Grand View Research | PRODUCT CODE: 1511852
PUBLISHER: Grand View Research | PRODUCT CODE: 1511852
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, according to a new report by Grand View Research, Inc. 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.