The global small caliber ammunition market size is projected to reach USD 8,808.9 million by 2027, exhibiting a CAGR of 1.72% during the forecast period. Surging gun and ammunition sales amid the COVID-19 pandemic in the US will benefit this market in 2020, states Fortune Business Insights™ in its report, titled “Small Caliber Ammunition Market Size, Share and COVID-19 Impact Analysis, By Caliber (223 Remington, 308 Winchester, 9mm Luger, 45 Auto/ACP, 380 ACP, 357 Magnum, 10 Gauge, 12 Gauge, 40 S&W, 20 Gauge, 22LR, 50 BMG, 6.5 Grendel, 7.62*39/54r, 5.56*45, 0.338 Lapua, 30-06 Springfield, and Others) By Application (Commercial (Shooting Sports & Hunting, and Self-defense), Military & Homeland Security) By Bullet Type (Lead, Copper, Brass, and Others), and Regional Forecast, 2020-2027”.
According to the Brookings Institute, in the first half of 2020, 19 million firearms were sold in the US. The National Shooting Sports Foundation reported an 87% increase in gun sales and a 92% spike in ammunition sales in early 2020. Furthermore, in a single week in March 2020, the US Federal Bureau of Investigation (FBI) conducted a record-high 1.2 million background checks. Since the pandemic outbreak, the FBI has reportedly performed over 3.5 million background checks on gun owners, representing an 80% increase from last year's levels. Such widespread adoption of guns and small-caliber ammunition fueled by the COVID-19 contagion and civil protests will provide the tremendous impetus for this market.
Restraining Factor
Restrictive Gun Laws in Different Countries May Inhibit Market Growth
Gun ownership laws have evolved over the past several decades across countries, becoming more restrictive with growing instances of gun violence. For example, gun laws have grabbed attention in the US owing to the recent instances of mass shootings in the country. The right to possess firearms is constitutionally protected in the US under the Second Amendment, but misuse of this right has forced the US Supreme Court to impose prohibitions on gun ownership and usage. Similarly, Canada has strict gun laws, prohibiting the possession of automatic weapons and restricting the purchase of handguns and semiautomatic shotguns or rifles. In Australia, the National Agreement on Firearms instituted licensing and registration requirements for owning firearms. These laws are likely to limit the small caliber ammunition market growth as the increasing stringency of gun regulations in many countries will inevitably inhibit the adoption of any sort of ammunition.
Regional Insights
High Demand for Firearms in the US to Propel the North America Market
At USD 4,412.9 million, North America dominated the small caliber ammunition market share in 2019 and the region is expected to hold its leading position in the global market during the forecast period. The main reason for the region’s dominance is the easy accessibility to firearms in the US, which is fueling the demand for small ammunition in the country. Furthermore, the region is home to some of the largest defense organizations such as General Dynamics and Olin Corporation that are constantly developing and introducing advanced guns and ammos in the US market.
In Asia Pacific, the primary growth driver is the increasing intensity of cross-border tensions between major military spenders such as India and China. Meanwhile, in Europe the demand for small ammunitions is being driven by the rising investments in defense technologies by private companies in the region.
Browse Detailed Summary of Research Report with TOC:
https://www.fortunebusinessinsights.com/small-caliber-ammunition-market-102795
Owing to a disruption in vaccine supply from the Centre, several vaccination centres across Sindh, including Hyderabad, had to temporarily close due to a shortage of vaccines.According to the Sindh Health Department, forty per cent of the vaccination centres in Hyderabad and parts of lower Sindh had to be temporarily shut down as they ran out of vaccine stock.تازہ ترین خبریں Meanwhile, the remaining vaccination centres are only facilitating those who visit to get the second dose of the vaccine.Per the Sindh Health Department, the shortage of vaccines is being faced because the federal government has not sent the supply to the province, adding that the new stock is expected to arrive by June 20.In Hyderabad, 21 vaccination centres have run out of vaccine stocks, the district health officer said.Logistics, coordination challenges disrupt vaccine supply in Pakistan Pakistan on Tuesday faced a shortage of COVID-19 vaccines due to the lack of coordination among government bodies, coupled with a disruption in supply from China.Officials in the federal government said that the task of procuring the vaccines had been assigned to the National Disaster Management Authority (NDMA) while the National Health Ministry was relieved of this duty.
As a result, a lack of coordination was witnessed while there was a disruption in vaccine supplies from China which led to the crisis.The NDMA, officials said, was not only dealing with Chinese vaccine manufacturers, including Sinopharm, Sinovac, and CansinoBIO, but it was also negotiating with Pfizer for the procurement of its mRNA vaccine for the country, a deal which could not be struck yet.Similarly, they said, Pakistan was relying heavily on the National Institute of Health (NIH), Islamabad, for the preparation and filing of single-dose Chinese vaccine Cansino from the bulk concentrate, which is being distributed in the name of PakVac, but the NIH also failed to fulfil its commitment of sustained supply of the single-dose vaccine.“NIH Islamabad had assured that they would be providing three million doses of PakVac (Cansino) vaccine per month but it failed to meet its commitment”, one of the officials said.In the beginning, the Pakistan government inoculated people with the double-dose Sinopharm vaccine from China, followed by AstraZeneca from the UK before opting for SinoVac and single-shot Cansino from China.
The National Command and Operation Centre (NCOC), which had received 100,000 doses of the Pfizer vaccine, has supplied 26,000 doses to Punjab, which will be administered to immunocompromised people, such as patients of organ transplant, cancer, and AIDS on a priority basis.When contacted, a spokesman of the Ministry of National Health Services, Regulations & Coordination said that the shortage of vaccine has spread thinly across the country.
Therefore, he suggested that the relocation of vaccines from limited use CVCs was required.He further said that only limited quantities of vaccines were reserved centrally.
“The next consignments of vaccines are expected towards the end of the current week,” he told The News.
Recently a trend towards digital transformation and internet of things (IoT) is observed, this is one of the driving forces of Prescriptive market.The growing adoption of cloud is one of the major reason that exhibits the growth of the prescriptive analytics market.
According to the study it has been observed that most of the businesses are adopting cloud based services due to the numerous facilities that includes real time entities, the remote access and among others.
The study indicated that by the rising cyber security threats, the security concerns related to software solutions segment prescriptive analytics would result as the restraining factor for the Prescriptive Analytics market.It has been observed that continuous developments are carried out to make more advancements to the Prescriptive Analytics.
As per a recent news in August 2016, River cloud partnered with GitaCloud to provide “Planning and Decision Analytics” to various industry verticals such as automotive, pharmaceutical consumer goods, and other manufacturing sectors in the North American and APAC markets.
The Prescriptive Analytics Market is growing rapidly over 22.7% of CAGR and is expected to reach at USD ~2.47 Billion by the end of forecast period.Prescriptive Analytics Market SegmentationThe Prescriptive Analytics market has been segmented on the basis of component, deployment, business sector, organization size, and vertical.
Looking through the component segment it’s been observed that the software segment would grow fastest.
Male founders, as far as you know, make up the bulk of companies, from your modern-day transportation company to the folks down the street trying to rethink the software that underpins fast food delivery.
However, the wheel of fortune is now turning backwards, as women are increasingly establishing an increasing number of companies.
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The good news is that, in addition to men's contributions, the number of female founders is steadily rising.
In most countries, women own far fewer businesses than males.
Katadata.co.id - Further strengthening of the rupiah stuck in the middle of the might of the United States dollar (U.S.).
Rupiah observed weakened in early trading on Wednesday, despite still persist at the level of 13.900's.
Most Asian currencies also weakened against the U.S. dollar.
Based on Bloomberg data, while news is written, the value of the rupiah was at the level of 13.987 per U.S. dollar, fell 0.13 percent compared to the close of trading yesterday.
The South Korean Won, Taiwan dollar, Malaysian ringgit and Hong Kong dollar also weakened, although thin less than 0.1 percent.
Though, when this news was written, the DXY index fell thin of 0.08% to the position 97,9.
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