Market Research Report
Colombia Arms & Ammunition Market: Focus on Weapons, Firearms, Ammunition and Accessories - Analysis and Forecast, 2018-2022
|Published by||BIS Research Inc.||Product code||674727|
|Published||Content info||48 Pages
Delivery time: 1-2 business days
|Colombia Arms & Ammunition Market: Focus on Weapons, Firearms, Ammunition and Accessories - Analysis and Forecast, 2018-2022|
|Published: July 27, 2018||Content info: 48 Pages||
The arms and ammunition market in Colombia has exhibited a high growth in the recent past. Factors such as conflict with Venezuela, failure to implement strict gun control, displaced people relying on subsistence hunting for survival are the key growth drivers for the market. The competitive landscape includes players from different geographies having global distribution networks in Colombia. Factors, such as cost, innovation and development, and ease of accessibility have been significant for gaining growth in the arms and ammunition market in Colombia. Additionally, increased demand for small arms and ammunition for purposes such as hunting, sporting, and self-defense is expected to drive the growth of small arms and ammunition during the forecast period.
Arms and ammunition in Colombia are used by different end users such as military, law enforcement, and civilian. Ammunition in the civilian market has gained importance owing to the growing demand in self-defence, hunting, and shooting applications. Additionally, the rising tension between Colombia and neighbouring countries calls for tightening the security at the country's borders due to which a steep climb is expected in arms and ammunition market during the forecast period (2018-2022).
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 Colombia
The arms and ammunition market in Colombia is anticipated to generate a revenue of $46.82 million by 2022. The demand for arms and ammunition is majorly attributed to the growing interest for small arms and ammunition from commercial markets for self-defense and hunting and shooting applications. Additionally, military end users are also expected to contribute toward a robust demand for other categories of arms and ammunition.