Latin America Ammunition Market Size 2021: Important Development, Industry Share and Growth Forecast to 2024

Latin America Ammunition

The “Latin America Ammunition Market” Report provides a thorough examination of the market. The Latin America Ammunition Market research investigates how firms in the Latin America Ammunition Market are reacting to changing market conditions by examining major industry strategies. The report covers current top players are recognised and rated based on their market shares. It also includes data on leading manufacturers, market segmentation by types, applications, and geographic regions. Market capacity, production, consumption, sales, and revenue are all discussed in this Latin America Ammunition market report.

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Competitor Analysis:

Latin America Ammunition market covers the vision of competitor analysis by product types, market share, applications, sales and revenue. It covers the top key players like –

  • CBC
  • FAMAE
  • Aguila Ammunition
  • IMBEL
  • CAVIM
  • INDUMIL

    Market Overview:

  • The Latin America ammunition market is anticipated to grow at a CAGR of above 2.5% during the forecast period.
  • – In Latin America, there is constant supply, availability, and proliferation of ammunition to civilians, law enforcement and military. This is one of the major driving factors of the ammunition market in Latin America during the forecast period.
  • – The countries in Latin America like Mexico, Brazil, Peru, Argentina, Bolivia, and Colombia among others are involved in the production and exporting of the ammunition. This growth of ammunition trade in Latin America is another propelling factor for growth in the region.
  • – The changing laws and regulation on the use of arms and ammunition by civilians in this region are expected to open up future opportunities in the market in the coming future.

    Key Market Trends:

    Military Segment to Experience the Highest Growth During the Forecast Period

    The military segment of the market currently has the highest market share and is expected to grow at the highest CAGR during the forecast period. This region has been strengthening their military front with strong growth in military spending over year irrespective of the economic crisis and social and political unrest. Some of the major contributors to Latin America military growth are Brazil (military expenditure grew by 5.1% in 2017 – 2018) and Mexico (military spending grew by 10% in 2018) among others. The procurements of aircraft, armored vehicles, and naval vessels by Latin America countries will generate demand for ammunition in this region. Also, the border issues between the US and Mexico, and Venezuela issues with its neighboring countries along with the arms and drug trafficking issues are generating demand for ammunition from border security forces and special forces.

    Brazil to Experience the Highest Growth During the Forecast Period

    Brazil currently has the highest share in the Latin America ammunition market and is anticipated to achieve the highest growth during the forecast period. Brazil has been one of the largest ammunition exporters in Latin America over the past few years owing to its production levels of ammunition, coupled with an 85% share towards ammunition exports. The country has increased its ammunition exports from USD 136.26 million in 2012 to USD 320.89 million in 2017. Also recently, the current government of Brazil loosened strict gun laws by decree to make it easier for Brazilians to buy guns and ammunition amongst rising crime fears. According to the decree, gun owners can buy 1,000 to 5,000 rounds of ammunition a year, depending on their license, up from 50 rounds. This step was taken to open up Brazil to firearms and ammunition prepared outside the country. With such initiatives, the country is expected to support the local arms and ammunition players like IMBEL and CMC along with international players to get a significant share of its market.

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    Scope of the Report:

    The market scope of Latin America ammunition market includes the manufacturing and procurement of ammunition in Latin America only. The market study also includes ammunition procurement by local law enforcement agencies and police officials. Law enforcement is included in the military segment of the market. The market is also segmented on the basis of the type of ammunition as Small Caliber, Medium Caliber, Large Caliber, and Other Types. The Other Types include Mortar Ammunition and Artillery Ammunitions.

    Highlighted points of Latin America Ammunition Market Report:

    • Varying dynamics of the Latin America Ammunition industry.
    • Prospective changes in sales volumes and worldwide share growth in upcoming years
    • Latin America Ammunition market report recognizes the key drivers of growth and challenges of the key industry players.
    • Competitors profiles along with product description, overview, and business data.
    • Complete analysis of market risks, opportunities, limitations, and growth of the market.
    • Market driving and restraining factors.
    • Delivers information on the historical and current market size and the future potential of the market.
    • Latin America Ammunition market report provides comprehensive analysis of the market with respect to market dynamics, competitive analysis, and upcoming trends of market.

    Key Benefits of this Latin America Ammunition Market report:

    • The Latin America Ammunition market report provides a comprehensive analysis of the current trends and future estimations in the world mining equipment market to identify the potential investment pockets.
    • The Latin America Ammunition market report presents information regarding key drivers, restraints, and opportunities with a detailed impact analysis.
    • Quantitative analysis of the current trends and forecasts to 2024 is provided to showcase the financial competency of the Latin America Ammunition market.
    • Porter’s Five Force model of the industry and SWOT analysis illustrate the potency of the buyers & suppliers.
    • Value chain analysis provides a clear understanding of the roles of stakeholders involved.

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    Detailed TOC of Latin America Ammunition Market Report:

    1 INTRODUCTION
    1.1 Study Deliverables
    1.2 Study Assumptions
    1.3 Scope of the Study

    2 RESEARCH METHODOLOGY

    3 EXECUTIVE SUMMARY

    4 MARKET DYNAMICS
    4.1 Market Overview
    4.2 Market Drivers
    4.3 Market Restraints
    4.4 Porter’s Five Forces Analysis
    4.4.1 Bargaining Power of Buyers/Consumers
    4.4.2 Bargaining Power of Suppliers
    4.4.3 Threat of New Entrants
    4.4.4 Threat of Substitute Products
    4.4.5 Intensity of Competitive Rivalry

    5 MARKET SEGMENTATION
    5.1 Ammunition Type
    5.1.1 Small Caliber
    5.1.2 Medium Caliber
    5.1.3 Large Caliber
    5.1.4 Other Ammunition Types
    5.2 End-user
    5.2.1 Civilian
    5.2.2 Military
    5.3 Country
    5.3.1 Mexico
    5.3.2 Brazil
    5.3.3 Argentina
    5.3.4 Peru
    5.3.5 Rest of Latin America

    6 COMPETITIVE LANDSCAPE
    6.1 Market Share Analysis
    6.2 Company Profiles
    6.2.1 CBC
    6.2.2 FAMAE
    6.2.3 Aguila Ammunition
    6.2.4 IMBEL
    6.2.5 CAVIM
    6.2.6 INDUMIL

    7 MARKET OPPORTUNITIES AND FUTURE TRENDS

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