Argentina Arms and Ammunition Market, 2018-2022 - Attempts to Modernize Military Equipment is the Main Driver for the Market
DUBLIN, Aug. 29, 2018 /PRNewswire/ --
The "Argentina Arms and Ammunition Market: Focus on Weapons, Firearms, Ammunition and Accessories - Analysis and Forecast, 2018-2022" report has been added to ResearchAndMarkets.com's offering.
The arms and ammunition market in Argentina was estimated as $20.8 million in 2017 in terms of value and is expected to reach $23.5 million by 2022.
The arms and ammunition market is segmented into categories such as military weapons, revolvers and pistols, firearms and similar devices, spring/gas guns or pistols, parts and accessories for weapons, bombs and grenades, and small caliber ammunition.
The arms and ammunition market in Argentina is driven by the growing demand for weapons by not only the military forces but also civilians for shooting sports, hunting, and self-defense purposes. The market landscape includes players from different geographies having global distribution networks. Factors, such as cost, innovation and development, and ease of accessibility have been significant for the market growth of arms and ammunition in Argentina.
The agenda of maintaining peace with bordering nations and superpowers, such as the U.S., causes the nation to maintain a very stable military budget for the last 10 years. After the submarine ARA San Juan went missing in November 2017, the Government of Argentina succumbed to the pressure of people's protest and decided to modernize all military equipment without an increase in military budget. This attempt to modernize military equipment is the main driver for arms and ammunition market in Argentina.
The key international manufacturers of arms and ammunition are indulging in partnerships with local dealers and distributors or are signing contracts and joint ventures with the government to enter the market.
With the robust demand for weapons in Argentina, companies operating in this industry are compelled to come up with collaborative strategies in order to expand their business. Beretta (Italy), Colt's Manufacturing Company (U.S.), Remington (U.S.), Browning (U.S.), Smith & Wesson (U.S.), and Crossman (U.S.) are some manufacturers exporting arms and ammunition into Argentina.
The category of bombs and grenades is expected to register the highest CAGR during the forecast period (2018-2022) owing to the fact that the government has decided to modernize military equipment.
The market report provides a detailed analysis of the recent trends influencing the market, along with a comprehensive study of the future trends and developments. It also includes a list of the leading players in the industry for each category. The report includes corporate overview, financials, financial summary, and SWOT analysis. The overall market has been segmented as military weapons, revolvers and pistols, firearms and similar devices, spring/gas guns or pistols, parts and accessories for weapons, bombs and grenades, and small caliber ammunition.
Key questions addressed in the report:
- How has the arms and ammunition market been evolving, and what is its scope in the future?
- What was the total revenue generated in the arms and ammunition market in Argentina in 2017, and what is the expected revenue for the forecast period 2018-2022?
- How will each category of arms and ammunition market grow during the forecast period, and what will be the revenue generated by each of the categories by the 2022?
- Which category of arms and ammunition will dominate the market in the coming years?
- How will the industry evolve during the forecast period from 2017 to 2022?
- Who are the key players for each category of arms and ammunition in Argentina?
- What will be the growth rate of different categories during the forecast period?
Key Topics Covered:
Executive Summary
1 Report Scope and Methodology
1.1 Scope of the Report
1.2 Argentina Arms and Ammunition Market Segmentation
1.3 Research Methodology
1.3.1 Primary Research
1.3.2 Secondary Research
1.3.3 Assumptions and Limitations
2 Argentina Arms and Ammunition Market
2.1 Introduction
2.2 Market Overview
2.3 Military Weapons
2.4 Revolvers and Pistols
2.5 Firearms and Similar devices
2.6 Spring, Air or Gas Guns and Pistols, Truncheons, and Other Non-Firearms
2.7 Parts and Accessories for Weapons
2.8 Bombs and Grenades
2.9 Argentina Small Arms and Ammunition Market
2.9.1 Argentina Small Arms Market Overview
2.9.2 Argentina Small Caliber Ammunition Market Overview
2.9.3 Argentina Small Caliber Ammunition Imports, Value and Volume
2.9.4 Argentina Small Caliber Ammunition Imports (by Caliber)
2.9.5 Argentina Small Caliber Ammunition Imports (by Brand)
For more information about this report visit https://www.researchandmarkets.com/research/mp6gg4/argentina_arms?w=5
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