Chile Arms and Ammunition Market Anticipated to Reach $18.9 Million by 2022, BIS Research Report
The arms and ammunition market in Chile has exhibited a robust growth in the recent past.The rise in illegal drug trade in bordering nation and rising demand for arms and ammunition from the tourism industry have caused the government to strengthen law enforcement agencies and military forces.
The competitive landscape includes market players supplying arms and ammunition to Chile from all over the world.Factors such as cost, innovation and development, and ease of accessibility have been significant for gaining growth in the arms and ammunition market in Chile.
Additionally, increased demand for small arms and ammunition for purposes such as hunting, and sporting is expected to drive the growth of small arms and ammunition during the forecast period.
The following points provide a concrete description of the topics covered in the report: • This report identifies the arms and ammunition market in Chile across different 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 report mentions about key market players for each category of arms and ammunition imported in the Chile market. • There is an additional focus on small caliber ammunition market. The report provides expected value and volume of imports for small caliber ammunition by both brand and caliber types during the forecast period.
Executive Summary The arms and ammunition industry in Chile has been witnessing business demand coming from a broad range of sectors, which include military, law enforcement, civilian, and commercial market.
The market landscape includes players from different geographies having global distribution network along with domestic manufacturers. Factors such as cost, innovation and development, and ease of accessibility have been significant for the market growth of the domestic arms and ammunition in Chile.
The arms and ammunition market in Chile is anticipated to generate a revenue of $18.9 million by 2022. Some of the major factors driving the growth of the arms and ammunition market are increasing conflicts in neighbouring nations, increasing illegal drug trade, tightening of border security by the military forces, and growing popularity of sporting and hunting application among tourists.
Countries Covered • Chile
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