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Wednesday, February 8, 2023

Small Caliber Ammunition Market Size to Reach USD 9.35 Billion in 2028 | Growing Emphasize on Self Defense is a Key Factor Driving Industry Demand, says Emergen Research | Yahoo Finance

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In 2020, the worldwide short-barreled ammo market will be valued at USD 7.74 billion. Key drivers in the market sales growth include a rise in civilian disputes, international conflicts, and army, homeland defense, and police organizations’ use of small caliber guns and ammunition to preserve law and order.

Ammunition has a significant impact on the escalation, prolongation, and intensification of armed confrontations. Countries such as Russia, China, Turkey, and India, to name a few, are investing heavily in modernizing their defense and military industries.

As a result, defense spending on small caliber ammunition acquisition and R&D operations has risen dramatically in recent years. These countries are investing heavily in military modernization initiatives to improve the range, precision, mobility, and lethality of their weapons capabilities.

Source: https://finance.yahoo.com/news/small-caliber-ammunition-market-size-113000739.html

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