Latin America Ammunition Market – Growth, Trends, and Forecasts (2020 – 2025)
The Latin America Ammunition Market research report 2020 provides a basic overview of the industry including definitions, classifications, applications, and industry chain structure. The Latin America Ammunition market report provides information regarding market size, share, trends, growth, cost structure, Latin America Ammunition market competition landscape, market drivers, challenges and opportunity, capacity, revenue, and forecast 2025.
The report delivers a comprehensive overview of the crucial elements of the market and elements such as drivers, current trends of the past and present times, supervisory scenario & technological growth. This report also includes the overall and comprehensive study of the Latin America Ammunition market with all its aspects influencing the growth of the market. This report is exhaustive quantitative analyses of the Latin America Ammunition industry and provides data for making strategies to increase market growth and effectiveness.
The Latin America ammunition market is projected to grow with a CAGR of more than 2% during the forecast period 2020 – 2025.
Scope of the report:
The report evaluates the growth rate and the Market value based on Market dynamics, growth inducing factors. The complete knowledge is based on the latest industry news, opportunities, and trends. The report contains a comprehensive Market analysis and vendor landscape in addition to a SWOT analysis of the key vendors.
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The report presents the market competitive landscape and a corresponding detailed analysis of the major vendor/key players in the market. Top Companies in the Global Latin America Ammunition Market: CBC Defense, FAMAE, Aguila Ammunition, IMBEL, OPTIC-CAVIM, INDUMIL, EMGEPRON, and others.
Key Market Trends
The Military Segment to Dominate the Market During the Forecast Period
The military segment of the market currently has the highest market share, and it is expected to grow, with the highest CAGR during the forecast period. This region has been strengthening its military front with strong growth in military spending over the years, irrespective of the economic crisis and social and political unrest. Some of the major contributors to the Latin American military growth are Brazil (with 51% of the region’s military expenditure in 2019) and Mexico (military spending grew by around 8% in 2019), among others. The procurements of aircraft, armored vehicles, and naval vessels by Latin American countries may generate demand for the ammunition for weapon systems onboard these vehicles in this region. Additionally, the border issues between the United States and Mexico, and along with the country’s ongoing War on Drugs, are generating demand for ammunition from border security forces and special forces in the region.
Brazil was the Largest Market For Ammunition in 2019
In 2019, Brazil held the highest share in the Latin American ammunition market. Brazil is also the largest defense spender in Latin America, which constituted more than 51% of Latin America’s total military spending in 2019. Also, in 2019, Brazil’s defense expenditure was USD 26.9 billion which was highest in the Latin America region. 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 toward ammunition exports. The country has increased its arms exports from USD 41 million in 2015 to USD 111 million in 2018. Additionally, in 2019 Government of Brazil relaxed the strict gun laws by a decree, to make it easier for Brazilians to buy guns and ammunition. According to the decree, the right to purchase cartridges per year had increased from 50 to 5000 and to 1000 for restricted weapons and gun owners can keep up to four guns in their homes or offices. This step was taken to open up the Brazilian market to firearms and ammunition manufactured outside the country and to increase civilian self-defense capability. With such initiatives, the country is expected to support the local players, like IMBEL and CMC, and international players, to get a significant share of the market studied during the forecast period.
Influence of the Latin America Ammunition market report
– Comprehensive assessment of all opportunities and risks in the Latin America Ammunition market.
– Latin America Ammunition market recent innovations and major events.
– A Detailed study of business strategies for the growth of the Latin America Ammunition market-leading players.
– Conclusive study about the growth plot of the Latin America Ammunition market for forthcoming years.
– In-depth understanding of Latin America Ammunition market-particular drivers, constraints, and major micro markets.
– Favorable impression inside vital technological and market latest trends striking the market report.
What are the market factors that are explained in the report?
– Key Strategic Developments: The study also includes the key strategic developments of the market, comprising R&D, new product launch, M&A, agreements, collaborations, partnerships, joint ventures, and regional growth of the leading competitors operating in the market on a global and regional scale.
– Key Market Features: The report evaluated key market features, including revenue, price, capacity, capacity utilization rate, gross, production, production rate, consumption, import/export, supply/demand, cost, market share, CAGR, and gross margin. In addition, the study offers a comprehensive study of the key market dynamics and their latest trends, along with pertinent market segments and sub-segments.
– Analytical Tools: The Latin America Ammunition Market report includes the accurately studied and assessed data of the key industry players and their scope in the market by means of a number of analytical tools. The analytical tools such as Porter’s five forces analysis, SWOT analysis, feasibility study, and investment return analysis have been used to analyze the growth of the key players operating in the market.
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Customization of the Report: This report can be customized as per your needs for additional data up to 3 companies or countries or 40 analyst hours.
- Latin America Ammunition Market: Where are the opportunities? What does the future look like for the Latin America Ammunition Market? What will be the market size in the next 5 years?
- Market trends: What is driving the market? Where are the key players? What are their strategies? What is holding the market behind? Where is the industry heading for in the short and long-term? How are new developments expected to change the market?
- Technology: How are RO and new brine concentration technologies shaping the market? What are the new revenue channels which companies can explore for growth?
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