Ammo Shortages Go Global
The Great Ammo Shortage Goes Global: It isn’t just American shooters that have faced such shortages of ammunition. While the United States may have more gun owners than many other nations, sports shooters around the world have had to face increased demand and low supplies of ammunition.
According to new data from Emergen Research, the small caliber ammunition market increased to $7.74 billion in 2020 – and is now expected to reach $9.35 billion by 2028 and register a revenue CAGR of 2.3 percent over the forecast period. The “Global Small Caliber Ammunition Market” report cited a number of factors including increased defense spending, growing interest in activities such as hunting and shooting, increasing number of civilian gun owners, rising concerns regarding personal safety, and owing a gun for self-defense and protection driving global small caliber ammunition market revenue growth.
“Target shooting such as skeet shooting, field shooting, and trap shooting are popular in various countries across the globe, and this is supporting steady demand for small caliber ammunition,” the report’s synopsis stated. “In addition, demand for handguns and small caliber ammunition for self-defense is increasing owing to rising incidence of crimes against person and property in various countries.”
Read the rest of the article: https://www.19fortyfive.com/2022/01/why-the-great-ammo-shortage-is-a-global-problem-now/
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