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Peru Arms and Ammunition Market Research Report, 2018-2022

The newly formed government in Peru wanted to maintain peace with bordering nations. This peace agenda ultimately led to decrease in military budget (in terms of GDP). The failure to stop illegal drug trade in the region led to an increase in domestic crimes. Hence, both law enforcement agencies and military forces are now expected to take control of the situation, ultimately leading to a slight increase in the revenue generated by arms and ammunition in Peru over the next five years. Further, this increase of city crimes has caused women to indulge in self defense training programs, which are expected to further give a push to the arms and ammunition market growth in Peru during the forecast period.

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Some of the popular brands of small caliber ammunition used in Peru are Winchester, Saga, Remington, Federal Ammunition, and Aguila Ammunition. Peru small caliber ammunition market (for specified calibers) was valued ~XX million in 2017, and this market value is expected to reach ~$XXmillion by 2022, registering a CAGR of XX% during the period 2018-2022. The growth is mainly driven by the demand for small arms and ammunition from police forces and the purpose of self defense. Furthermore, the rise in the demand for pistols and revolvers across commercial and personal users is expected to boost the growth of the market in the coming years.

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