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Source: AP Photo/Rich Pedroncelli
For some parts of the United States, there was panic over gasoline recently. The Colonial Pipeline was shut down by hackers. The 5,500-mile network supplies 45 percent of the fuel to the eastern United States. Luckily, operations were restored within a few days, but there were gas lines and gas stations had closed since they had no gas to sell. The panic was spreading, but only for a short while. If you like to shoot, I’m sure you’ve seen the drought in ammunition. Unlike gas, there is no pipeline of readily available ammunition that can be delivered everywhere. It’s all up to manufacturers, demand, and other market forces that have impacted the flow of bullets. Stores are depleted. Gun ranges near me are fresh out of ammunition. The only people who can shoot are those who already had stocked up prior to and around the pandemic. And it’s going to take years for some calibers to be readily available again.
May 21, 2021
If you’ve tried to buy ammo over the last year, you’ve notice that a lot of shop are struggling to keep up with demand. Many places have impose limits.
Stephen Gutowski reports that these manufacturers are still working through “several years’ worth of orders that have already been placed.”
“On certain products, we are certainly seeing backlogs that stretch out two years and beyond,” Brett Flaugher, president of Winchester Ammunition, told
The Reload. “For those who shoot 9mm and 5.56 ammunition, which are both in high demand, it’s very uncertain how long it will be before people will consistently have ammunition readily available.”
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According to a new market report on the ammunition market, published by Transparency Market Research, the global ammunition market is expected to reach US$ 16,468.2 Mn by 2026, expanding at a CAGR of 3.5% from 2018 to 2026. According to the report, the global market will continue to be influenced by a range of macroeconomic and industry-specific factors. Asia Pacific will continue to be at the forefront of global demand, with the market in the region growing at a CAGR of 5.0% through 2026.
Growth in global sales of weapons is driving the global ammunition market
The demand for ammunition is directly dependent on the rise in security concerns, growing weapon sales, and increasing modernization programs. The increased defense expenditure is likely to boost the demand for ammunition which is needed for various weapons and other military systems, thereby driving the growth of the ammunition market.