Latin America Ammunition Market Size & Outlook, 2023-2030
Latin America ammunition market, 2018-2030 (US$M)
Related Markets
Latin America ammunition market highlights
- The Latin America ammunition market generated a revenue of USD 616.5 million in 2023.
- The market is expected to grow at a CAGR of 3% from 2024 to 2030.
- In terms of segment, small caliber was the largest revenue generating caliber in 2023.
- Small Caliber is the most lucrative caliber segment registering the fastest growth during the forecast period.
- Country-wise, Brazil is expected to register the highest CAGR from 2024 to 2030.
Latin America data book summary
| Market revenue in 2023 | USD 616.5 million |
| Market revenue in 2030 | USD 756.5 million |
| Growth rate | 3% (CAGR from 2023 to 2030) |
| Largest segment | Small caliber |
| Fastest growing segment | Small Caliber |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 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, Latin America region accounted for 0.9% of the global ammunition market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 9,820.5 million by 2030.
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Ammunition Market Scope
Ammunition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Latin America 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 53.51% in 2023. Horizon Databook has segmented the Latin America ammunition market based on small caliber, medium caliber, large caliber, rockets & missiles covering the revenue growth of each sub-segment from 2018 to 2030.
Central & South America imports most of its arms and ammunition for military and civilians use from the U.S. In recent times. The region has emerged as a new producer of arms and ammunitions. Most of the gun related crimes are reported in countries like Brazil. The main cause of the rise in these gun related crimes is due to relaxed law regulations and other societal norms.
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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 continent-level data and insights on the Latin America ammunition market, including forecasts for subscribers. This continent databook contains high-level insights into Latin America ammunition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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Latin America ammunition market size, by country, 2018-2030 (US$M)
Latin America Ammunition Market Share, 2023 & 2030 (US$M)
Related regional statistics
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