Middle East & Africa Ammunition Market Size & Outlook
Middle East & Africa ammunition market, 2018-2030 (US$M)
Related Markets
MEA ammunition market highlights
- The MEA ammunition market generated a revenue of USD 2,874.7 million in 2023.
- The market is expected to grow at a CAGR of 1.2% from 2024 to 2030.
- In terms of segment, small caliber was the largest revenue generating caliber in 2023.
- Small Caliber is the most lucrative caliber segment registering the fastest growth during the forecast period.
- Country-wise, UAE is expected to register the highest CAGR from 2024 to 2030.
MEA data book summary
| Market revenue in 2023 | USD 2,874.7 million |
| Market revenue in 2030 | USD 3,128.0 million |
| Growth rate | 1.2% (CAGR from 2023 to 2030) |
| Largest segment | Small caliber |
| Fastest growing segment | Small Caliber |
| Historical data covered | 2018 - 2022 |
| Base year for estimation | 2023 |
| Forecast period covered | 2024 - 2030 |
| Quantitative units | Revenue in USD million |
| Market segmentation | Small Caliber, Medium Caliber, Large Caliber, Rockets & Missiles |
| Key market players worldwide | Northrop Grumman Corp, Olin Corp, General Dynamics Corp, BAE Systems PLC, Rheinmetall AG, Hanwha, Temasek Holdings, Vista Outdoor Inc, FN Herstal, Nexaer, Remington Arms Company |
Other key industry trends
- In terms of revenue, MEA region accounted for 4.2% of the global ammunition market in 2023.
- Globally, Europe is projected to lead the regional market in terms of revenue in 2030.
- Asia Pacific is the fastest growing regional market and is projected to reach USD 9,820.5 million by 2030.
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Ammunition Market Scope
Ammunition Market Companies
| Name | Profile | # Employees | HQ | Website |
|---|
Middle East & Africa ammunition market outlook
The databook is designed to serve as a comprehensive guide to navigating this sector. The databook focuses on market statistics denoted in the form of revenue and y-o-y growth and CAGR across the globe and regions. A detailed competitive and opportunity analyses related to ammunition market will help companies and investors design strategic landscapes.
Small caliber was the largest segment with a revenue share of 46.53% in 2023. Horizon Databook has segmented the Middle East & Africa ammunition market based on small caliber, medium caliber, large caliber, rockets & missiles covering the revenue growth of each sub-segment from 2018 to 2030.
The increase in arms transfer is majorly driven by the rising demand in Middle East and Africa. Saudi Arabia is the world’s second largest arms importer in 2018-2022. The economic growth of the countries and heavy investments in the defense industries due to the rise in cross border threats are factors that propel the growth of ammunition market in Middle East & Africa.
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Target buyers of Middle East & Africa ammunition market databook
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Our clientele includes a mix of ammunition market companies, investment firms, advisory firms & academic institutions.
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30% of our revenue is generated working with investment firms and helping them identify viable opportunity areas.
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Approximately 65% of our revenue is generated working with competitive intelligence & market intelligence teams of market participants (manufacturers, service providers, etc.).
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The rest of the revenue is generated working with academic and research not-for-profit institutes. We do our bit of pro-bono by working with these institutions at subsidized rates.
Horizon Databook provides a detailed overview of continent-level data and insights on the Middle East & Africa ammunition market, including forecasts for subscribers. This continent databook contains high-level insights into Middle East & Africa ammunition market from 2018 to 2030, including revenue numbers, major trends, and company profiles.
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MEA ammunition market size, by country, 2018-2030 (US$M)
Middle East & Africa Ammunition Market Share, 2023 & 2030 (US$M)
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