Market Share of Middle East and Africa Ammunition Industry
The ammunition market in the Middle East and Africa is primarily dominated by foreign weapon manufacturers, such as BAE Systems PLC, Rheinmetall AG, General Dynamics Ordnance and Tactical Systems (General Dynamics Corporation), and Nexter Group. However, the growth of local manufacturers, like Denel SOC Ltd, SAMI, and Elbit Systems Ltd, has enhanced the competitive outlook of the market in the region.
The regional governments are also trying to bolster local manufacturing by introducing favorable policies to develop the critical infrastructure required for manufacturing military-grade ammunition. For instance, as part of its Vision 2030 initiative, Saudi Arabia plans to enhance its local defense manufacturing by 50% by 2030. Such developments are anticipated to alter the market dynamics during the forecast period.
Middle East and Africa Ammunition Market Leaders
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Denel PMP
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BAE Systems plc
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Rheinmetall AG
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General Dynamics Ordnance and Tactical Systems (General Dynamics Corporation)
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Nexter Group
*Disclaimer: Major Players sorted in no particular order
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