South America Small Caliber Ammunition Market
The small caliber ammunition market in SAM is further segmented into Brazil and the Rest of SAM. The Rest of SAM countries include Argentina and Colombia. With a few countries having complex macroeconomic and political environments, the region has a mixed growth scenario. Despite these obstacles, positive government-led initiatives to boost economic growth and the defense industry are expected to support the future growth of the small caliber ammunition market in this region. Brazil led the region in military spending in 2019, spending US$ 26.9 billion, followed by Colombia, Chile, and Argentina, which spent US$ 10.0 billion, US$ 5.1 billion, and US$ 3.1 billion, respectively. The constant supply, availability, and proliferation of ammunition to civilians, law enforcement, and the military is one of the major factors driving the small caliber ammunition market in SAM. Brazil and Argentina, for example, are involved in the production and export of ammunition. The expansion of the ammunition trade in SAM is another driving force behind the region's market expansion. Changing laws and regulations in this region regarding civilian use of arms and ammunition are expected to provide growth opportunities for the small caliber ammunition market during the forecast period of 2021–2028.
In case of COVID-19, SAM is highly affected especially Brazil, followed by Peru, Chile, Colombia, and Ecuador. The recent outbreak of the COVID–19 has significantly affected the SAM region and is continuing to shatter several countries. Until the outbreak of COVID–19, the defense industry was experiencing substantial growth in terms of production and services. Due to COVID-19 pandemic, ammunition, and assembly line manufacturing all over the world have been impacted. The government of South America has taken an array of actions to protect its citizens and contain COVID-19’s spread. Brazil is the largest spender in the military sector, followed by Colombia and Chile. The COVID-19 has hit hard on these three countries, and the military forces in the countries mentioned above are substantially dependent on international military equipment suppliers. The closure of international borders, restrictions in international trades, and governmental focus towards containing the spread of the virus have been deprioritizing military expenditure. This factor negatively influences various military and defense equipment markets, including small caliber ammunition.
Strategic insights for the South America Small Caliber Ammunition provides data-driven analysis of the industry landscape, including current trends, key players, and regional nuances. These insights offer actionable recommendations, enabling readers to differentiate themselves from competitors by identifying untapped segments or developing unique value propositions. Leveraging data analytics, these insights help industry players anticipate the market shifts, whether investors, manufacturers, or other stakeholders. A future-oriented perspective is essential, helping stakeholders anticipate market shifts and position themselves for long-term success in this dynamic region. Ultimately, effective strategic insights empower readers to make informed decisions that drive profitability and achieve their business objectives within the market.
| Report Attribute | Details |
|---|---|
| Market size in 2021 | US$ 424.22 Million |
| Market Size by 2028 | US$ 560.29 Million |
| Global CAGR (2021 - 2028) | 4.1% |
| Historical Data | 2019-2020 |
| Forecast period | 2022-2028 |
| Segments Covered |
By Ammunition Size
|
| Regions and Countries Covered | South and Central America
|
| Market leaders and key company profiles |
The geographic scope of the South America Small Caliber Ammunition refers to the specific areas in which a business operates and competes. Understanding local distinctions, such as diverse consumer preferences (e.g., demand for specific plug types or battery backup durations), varying economic conditions, and regulatory environments, is crucial for tailoring strategies to specific markets. Businesses can expand their reach by identifying underserved areas or adapting their offerings to meet local demands. A clear market focus allows for more effective resource allocation, targeted marketing campaigns, and better positioning against local competitors, ultimately driving growth in those targeted areas.
The SAM small caliber ammunition market is expected to grow from US$ 424.22 million in 2021 to US$ 560.29 million by 2028; it is estimated to grow at a CAGR of 4.1% from 2021 to 2028. Surge in demand for small arms ammunition is expected to escalate the SAM small caliber ammunition market. A rise in demand for small arms ammunition in developing countries across SAM region is creating opportunities for the growth of small caliber ammunition players providing products for different segments, such as homeland security, law enforcement, and military. The ongoing political turmoil in SAM countries have driven the demand for sophisticated weapons and ammunition in the SAM region. Moreover, increasing threats due to terrorism and territorial conflicts have compelled the countries to adopt and procure artillery and mortar systems to secure and safeguard their borders against illegal trespassing and several forms of trafficking. Rampant illegal activities such as smuggling, poaching, and unlicensed mining in developing countries across SAM region have increased the procurement of advanced weaponry by the government authorities to strengthen their law enforcement and military forces.
In terms of ammunition size, the 9mm segment accounted for the largest share of the SAM small caliber ammunition market in 2020. In terms of end user, the military segment held a larger market share of the SAM small caliber ammunition market in 2020. Further, the pistols segment held a larger share of the SAM small caliber ammunition market based on gun type in 2020.
A few major primary and secondary sources referred to for preparing this report on the SAM small caliber ammunition market are company websites, annual reports, financial reports, national government documents, and statistical database, among others. Major companies listed in the report are BAE Systems Plc, CBC Global Ammunition, Elbit Systems Ltd., FN HERSTAL, and Northrop Grumman Corporation.
The South America Small Caliber Ammunition Market is valued at US$ 424.22 Million in 2021, it is projected to reach US$ 560.29 Million by 2028.
As per our report South America Small Caliber Ammunition Market, the market size is valued at US$ 424.22 Million in 2021, projecting it to reach US$ 560.29 Million by 2028. This translates to a CAGR of approximately 4.1% during the forecast period.
The South America Small Caliber Ammunition Market report typically cover these key segments-
The historic period, base year, and forecast period can vary slightly depending on the specific market research report. However, for the South America Small Caliber Ammunition Market report:
The South America Small Caliber Ammunition Market is populated by several key players, each contributing to its growth and innovation. Some of the major players include:
The South America Small Caliber Ammunition Market report is valuable for diverse stakeholders, including:
Essentially, anyone involved in or considering involvement in the South America Small Caliber Ammunition Market value chain can benefit from the information contained in a comprehensive market report.
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