Mexico Ammunition Market Size & Outlook, 2023-2030
Mexico ammunition market, 2018-2030 (US$M)
Related Markets
Mexico ammunition market highlights
- The Mexico ammunition market generated a revenue of USD 67.4 million in 2023 and is expected to reach USD 86.3 million by 2030.
- The Mexico market is expected to grow at a CAGR of 3.6% 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 67.4 million |
| Market revenue in 2030 | USD 86.3 million |
| Growth rate | 3.6% (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, Mexico 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 North America, U.S. ammunition market is projected to lead the regional market in terms of revenue in 2030.
- Mexico is the fastest growing regional market in North America and is projected to reach USD 86.3 million by 2030.
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Ammunition Market Scope
Ammunition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Mexico 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 71.07% in 2023. Horizon Databook has segmented the Mexico 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 government of Mexico has established stringent regulations pertaining to the use of guns. Thus, guns and firearms are not easily available in the country, which is expected to have a negative impact on the demand for ammunition in Mexico.
However, the country faces an issue of illegal smuggling of firearms from the U.S. via the U.S.-Mexico border. According to NPR (national public radio), on average, 200,000 weapons every year are smuggled in the country through the border.
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Target buyers of Mexico ammunition market databook
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Our clientele includes a mix of ammunition market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of country-level data and insights on the Mexico ammunition market, including forecasts for subscribers. This country databook contains high-level insights into Mexico ammunition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
Partial client list
Mexico ammunition market size, by caliber, 2018-2030 (US$M)
Mexico Ammunition Market Share, 2023 & 2030 (US$M)
Related regional statistics
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