Middle East and Africa Ammunition Market Size

Statistics for the 2023 & 2024 Middle East and Africa Ammunition market size, created by Mordor Intelligence™ Industry Reports. Middle East and Africa Ammunition size report includes a market forecast to 2029 and historical overview. Get a sample of this industry size analysis as a free report PDF download.

Market Size of Middle East and Africa Ammunition Industry

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Middle East and Africa Ammunition Market Summary
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

Middle East and Africa Ammunition Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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 Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)