Argentina Ammunition Market Size & Outlook, 2023-2030
Argentina ammunition market, 2018-2030 (US$M)
Related Markets
Argentina ammunition market highlights
- The Argentina ammunition market generated a revenue of USD 65.1 million in 2023 and is expected to reach USD 78.7 million by 2030.
- The Argentina market is expected to grow at a CAGR of 2.7% from 2024 to 2030.
- In terms of segment, small caliber was the largest revenue generating caliber in 2023.
- Medium Caliber is the most lucrative caliber segment registering the fastest growth during the forecast period.
Ammunition market data book summary
| Market revenue in 2023 | USD 65.1 million |
| Market revenue in 2030 | USD 78.7 million |
| Growth rate | 2.7% (CAGR from 2023 to 2030) |
| Largest segment | Small caliber |
| Fastest growing segment | Medium Caliber |
| Historical data | 2018 - 2022 |
| Base year | 2023 |
| Forecast period | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Small Caliber, Medium Caliber, Large Caliber, Rockets & Missiles |
| Key market players worldwide | Northrop Grumman Corp, Olin Corp, General Dynamics Corp, BAE Systems PLC, Rheinmetall AG, Hanwha, Temasek Holdings, Vista Outdoor Inc, FN Herstal, Nexaer, Remington Arms Company |
Other key industry trends
- In terms of revenue, Argentina accounted for 0.1% of the global ammunition market in 2023.
- Country-wise, U.S. is expected to lead the global market in terms of revenue in 2030.
- In Latin America, Brazil ammunition market is projected to lead the regional market in terms of revenue in 2030.
- Brazil is the fastest growing regional market in Latin America and is projected to reach USD 450.6 million by 2030.
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Ammunition Market Scope
Ammunition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Argentina ammunition market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ammunition market will help companies and investors design strategic landscapes.
Small caliber was the largest segment with a revenue share of 52.84% in 2023. Horizon Databook has segmented the Argentina ammunition market based on small caliber, medium caliber, large caliber, rockets & missiles covering the revenue growth of each sub-segment from 2018 to 2030.
The growing demand for firearms by military forces and law enforcement agencies is expected to drive the demand for ammunition in Argentina over the forecast period. The rise in defense spending is projected to further aid this demand. Rising popularity of hunting and sports shooting is anticipated to further drive the market over the forecast period.
The increasing threat of terrorism has led to a surge in the rate of firearms possession for self-defense and thus, is expected to benefit the market growth.
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Our clientele includes a mix of ammunition market companies, investment firms, advisory firms & academic institutions.
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Horizon Databook provides a detailed overview of country-level data and insights on the Argentina ammunition market, including forecasts for subscribers. This country databook contains high-level insights into Argentina ammunition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Argentina ammunition market size, by caliber, 2018-2030 (US$M)
Argentina Ammunition Market Share, 2023 & 2030 (US$M)
Related regional statistics
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