Market Size of Middle East and Africa Ammunition Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | > 3.50 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Middle East and Africa Ammunition Market Analysis
The Middle East and African ammunition market is projected to register a CAGR of 3.5% during the forecast period.
The impact of the COVID-19 pandemic on the Middle East and African ammunition market revenues is deemed to be less. The growth in defense spending and the adoption of newer generation ammunition with better penetrating power drive the market growth.
The ongoing political turmoil in countries such as Libya, Syria, and Yemen, has driven the demand for sophisticated weapons and ammunition in the region. Besides, rampant illegal activities, such as smuggling, unlicensed mining, and poaching, in the Middle East and African nations have encouraged procuring of advanced weaponry by the respective governments to strengthen their law enforcement and military capabilities.
Countries in the Middle East are currently focusing on developing indigenous weapon manufacturing capabilities, which may create a positive outlook for the regional market during the forecast period.
Middle East and Africa Ammunition Industry Segmentation
The Middle East and Africa ammunition market is segmented by Type, Application, End User, and Country. By Type, the market is segmented into Small Caliber, Medium Caliber, and Large Caliber. By Application, the market is segmented into Non-lethal and Lethal. By End User, the market is segmented into Civilian and Military. By Country, the market is segmented into Saudi Arabia, the United Arab Emirates, Iraq, Israel, Egypt, and the Rest of Middle East and Africa. The market sizing and forecasts have been provided in value in USD billion.
| Type | |
| Small Caliber | |
| Medium Caliber | |
| Large Caliber |
| Application | |
| Non-lethal | |
| Lethal |
| End User | |
| Civilian | |
| Military |
| Country | |
| Saudi Arabia | |
| United Arab Emirates | |
| Iraq | |
| Israel | |
| Egypt | |
| Rest of Middle East and Africa |
Middle East and Africa Ammunition Market Size Summary
The Middle East and Africa ammunition market is experiencing a steady growth trajectory, driven by increased defense spending and the adoption of advanced ammunition technologies. The region's geopolitical instability, particularly in countries like Libya, Syria, and Yemen, has heightened the demand for sophisticated weaponry. This demand is further fueled by illegal activities such as smuggling and poaching, prompting governments to enhance their military and law enforcement capabilities. The focus on developing indigenous weapon manufacturing in Middle Eastern countries is expected to positively impact the market outlook. The military segment is poised to dominate the market, with armed forces procuring ammunition to address threats from terrorism, territorial conflicts, and geopolitical tensions.
The market landscape is characterized by a mix of foreign and local manufacturers, with prominent global players like BAE Systems, Rheinmetall AG, and General Dynamics Ordnance and Tactical Systems leading the charge. However, local manufacturers such as Denel SOC Ltd and Saudi Arabian Military Industries are gaining traction, supported by government initiatives to boost local production capabilities. Saudi Arabia's Vision 2030 aims to significantly enhance local defense manufacturing, which is expected to reshape market dynamics. The ongoing military conflicts and strategic arms deals, such as those involving the United States and South Korea, are further driving the demand for ammunition, creating a competitive and evolving market environment in the region.
Middle East and Africa Ammunition Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Drivers
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1.2 Market Restraints
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1.3 Porter's Five Forces Analysis
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1.3.1 Threat of New Entrants
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1.3.2 Bargaining Power of Buyers/Consumers
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1.3.3 Bargaining Power of Suppliers
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1.3.4 Threat of Substitute Products
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 Type
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2.1.1 Small Caliber
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2.1.2 Medium Caliber
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2.1.3 Large Caliber
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2.2 Application
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2.2.1 Non-lethal
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2.2.2 Lethal
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2.3 End User
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2.3.1 Civilian
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2.3.2 Military
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2.4 Country
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2.4.1 Saudi Arabia
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2.4.2 United Arab Emirates
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2.4.3 Iraq
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2.4.4 Israel
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2.4.5 Egypt
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2.4.6 Rest of Middle East and Africa
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Middle East and Africa Ammunition Market Size FAQs
What is the current Middle East and Africa Ammunition Market size?
The Middle East and Africa Ammunition Market is projected to register a CAGR of greater than 3.5% during the forecast period (2024-2029)
Who are the key players in Middle East and Africa Ammunition Market?
Denel PMP, BAE Systems plc, Rheinmetall AG, General Dynamics Ordnance and Tactical Systems (General Dynamics Corporation) and Nexter Group are the major companies operating in the Middle East and Africa Ammunition Market.
