Nato Ammunition Market by Product and Geography - Forecast and Analysis 2022-2026
| Published: Mar 2022 | Pages: 120 | SKU: IRTNTR72699 |
The nato ammunition market share is expected to increase by USD 208.24 million from 2021 to 2026, and the market's growth momentum will accelerate at a CAGR of 5.13%.
This nato ammunition market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers nato ammunition market segmentation by product (small caliber, medium caliber, and large caliber) and geography (North America, Europe, APAC, Middle East and Africa, and South America). The nato ammunition market report also offers information on several market vendors, including CBC Global Ammunition, Die Diehl Stiftung and Co. KG, General Dynamics Corp., Global Ordnance LLC, Nammo AS, Nexter group KNDS, Northrop Grumman system Corp., Olin Corp., Polska Grupa Zbrojeniowa SA, Rheinmetall AG, RUAG International Holding Ltd., and BAE Systems Plc among others.
What will the Nato Ammunition Market Size be During the Forecast Period?
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Nato Ammunition Market: Key Drivers, Trends, and Challenges
The rise in defense spending globally is notably driving the nato ammunition market growth, although factors such as the proliferation of illicit ammunition manufacturers may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the nato ammunition industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Nato Ammunition Market Driver
The rise in defense spending globally is one of the key drivers supporting the nato ammunition market growth. Growth in defense budgets will support nations to enhance their combat capabilities and help NATO countries execute their individual and collective defense strategies as planned. According to the Stockholm International Peace Research Institute (SIPRI), the total military spending by all NATO member states in 2020 was $1,981 billion. Out of this, military spending by the US alone was as much as $778 billion in 2020, while the military spending of Germany grew considerably by about 5.2% in 2020, to $52.8 billion. Military expenditure in sub-Saharan Africa increased by 3.4% in 2020 to reach $18.5 billion. The largest increases in spending were made by Chad (31%), Mali (22%), Mauritania (23%), and Nigeria (29%), all in the Sahel region, as well as Uganda (46%). Poland is also increasing its military spending, and the country has pledged to increase its military spending to 2.5% of its GDP by 2030. Such an increase in spending is driving the market growth.
Key Nato Ammunition Market Trend
Reduction in weight of ammunition is another factor supporting the nato ammunition market growth. Modernization programs adopted by several nations to empower their militaries and law enforcement agencies have resulted in a significant increase in the total weight of ammunition. The combined weight of equipment prevents personnel from being agile and effective. Hence, law enforcement and defense agencies are now focusing on acquiring lightweight ammunition. For instance, in September 2021, the BAE system developed a lightweight case for the 5.56 ammunition. This has significantly reduced the fuel consumption of vehicles carrying ammunition. Such innovation in the weight reduction of the ammo would further drive the growth of the market in the forecast period.
Key Nato Ammunition Market Challenge
The proliferation of illicit ammunition manufacturers is one of the factors hindering the nato ammunition market growth. The information on global ammunition flow is difficult to obtain. According to the UN Office of Disarmament Affairs, more than 80% of ammunition trade seems to remain outside of reliable export data. Thus, the proliferation of illicitly manufactured ammunition is a major issue that threatens the security of various countries across the world. It involves the manufacturing or assembly of ammunition, explosives, and other related materials from components that are either illicitly trafficked or do not have markings from government authorities. Such illicitly manufactured ammunition is often transferred and smuggled across international borders. It not only becomes a source of terrorist activities but can also substitute branded ammunition for several other applications, affecting the demand for branded ammunition negatively. Such threats are expected to hamper the market growth during the forecast period.
This nato ammunition market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global NATO ammunition market as a part of the global aerospace and defense market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the nato ammunition market during the forecast period.
Who are the Major Nato Ammunition Market Vendors?
The report analyzes the market's competitive landscape and offers information on several market vendors, including:
- CBC Global Ammunition
- Die Diehl Stiftung and Co. KG
- General Dynamics Corp.
- Global Ordnance LLC
- Nammo AS
- Nexter group KNDS
- Northrop Grumman system Corp.
- Olin Corp.
- Polska Grupa Zbrojeniowa SA
- Rheinmetall AG
- RUAG International Holding Ltd.
- BAE Systems Plc
This statistical study of the nato ammunition market encompasses successful business strategies deployed by the key vendors. The nato ammunition market is concentrated and the vendors are deploying organic and inorganic growth strategies to compete in the market.
Product Insights and News
BAE Systems Plc
- The company offers NATO ammunition such as 5.56mm and 7.62mm calibres including ball, tracer and blank natures.
- Through electronic systems segment, the company operates the US and UK based electronics activities, including electronic warfare systems, electro-optical sensors, military and commercial digital engine and flight controls, precision guidance and seeker solutions, next-generation military communication systems and data links, persistent surveillance capabilities, and hybrid electric drive systems.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The nato ammunition market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Nato Ammunition Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the nato ammunition market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Nato Ammunition Market?
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54% of the market's growth will originate from North America during the forecast period. US and Canada are the key markets for NATO ammunition market in North America. Market growth in this region will be slower than the growth of the market in other regions.
Large defense spending will facilitate the nato ammunition market growth in North America over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 in 2020 did not have any major effect on the regional NATO ammunition market. Moreover, the declaration of the war between Russia and Ukraine in February 2022 has significantly boosted the demand for ammunition from US and NATO members countries. The US has announced an additional $350 million of military assistance from Defense Department inventories including anti-armor, small arms, various munitions, body armor and related equipment to support Ukraine frontline defenders. Thus, this would further propel the demand for the NATO ammunition market during the forecast period.
What are the Revenue-generating Product Segments in the Nato Ammunition Market?
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The nato ammunition market share growth by the small caliber segment will be significant during the forecast period. The small caliber segment captured the highest share of the global NATO ammunition market in 2021. This is attributed to the increased use of small caliber ammunition by military and homeland security personnel, owing to the non-lethality of this ammunition. Moreover, open online marketplaces for small arms and ammunition and the increased procurement of small caliber ammunition by the defense and homeland security sectors to curb the rising instances of armed conflicts are also contributing to the growth of this segment. Such growing factors will drive market growth during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the nato ammunition market size and actionable market insights on post COVID-19 impact on each segment.
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Nato Ammunition Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 5.13% |
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Market growth 2022-2026 |
$ 208.24 million |
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Market structure |
Concentrated |
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YoY growth (%) |
4.83 |
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Regional analysis |
North America, Europe, APAC, Middle East and Africa, and South America |
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Performing market contribution |
North America at 54% |
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Key consumer countries |
US, Canada, Mexico, China, UK, and Germany |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
CBC Global Ammunition, Die Diehl Stiftung and Co. KG, General Dynamics Corp., Global Ordnance LLC, Nammo AS, Nexter group KNDS, Northrop Grumman system Corp., Olin Corp., Polska Grupa Zbrojeniowa SA, Rheinmetall AG, RUAG International Holding Ltd., and BAE Systems Plc |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, Market condition analysis for forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
What are the Key Data Covered in this Nato Ammunition Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive nato ammunition market growth during the next five years
- Precise estimation of the nato ammunition market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the nato ammunition industry across North America, Europe, APAC, Middle East and Africa, and South America
- A thorough analysis of the market's competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of nato ammunition market vendors
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1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Product
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Bargaining power of buyers – Impact of key factors in 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Product
- 5.1 Market segments
- Exhibit 24: Chart on Product - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Product - Market share 2021-2026 (%)
- 5.2 Comparison by Product
- Exhibit 26: Chart on Comparison by Product
- Exhibit 27: Data Table on Comparison by Product
- 5.3 Small caliber - Market size and forecast 2021-2026
- Exhibit 28: Chart on Small caliber - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Small caliber - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Small caliber - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Small caliber - Year-over-year growth 2021-2026 (%)
- 5.4 Medium cabliber - Market size and forecast 2021-2026
- Exhibit 32: Chart on Medium cabliber - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Medium cabliber - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Medium cabliber - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Medium cabliber - Year-over-year growth 2021-2026 (%)
- 5.5 Large caliber - Market size and forecast 2021-2026
- Exhibit 36: Chart on Large caliber - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Large caliber - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Large caliber - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Large caliber - Year-over-year growth 2021-2026 (%)
- 5.6 Market opportunity by Product
- Exhibit 40: Market opportunity by Product ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 41: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 42: Chart on Market share by geography 2021-2026 (%)
- Exhibit 43: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 44: Chart on Geographic comparison
- Exhibit 45: Data Table on Geographic comparison
- 7.3 North America - Market size and forecast 2021-2026
- Exhibit 46: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 47: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 48: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 49: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 50: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 APAC - Market size and forecast 2021-2026
- Exhibit 54: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.6 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 58: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.7 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.8 US - Market size and forecast 2021-2026
- Exhibit 66: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.9 Canada - Market size and forecast 2021-2026
- Exhibit 70: Chart on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on Canada - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on Canada - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on Canada - Year-over-year growth 2021-2026 (%)
- 7.10 China - Market size and forecast 2021-2026
- Exhibit 74: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.11 UK - Market size and forecast 2021-2026
- Exhibit 78: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.12 Germany - Market size and forecast 2021-2026
- Exhibit 82: Chart on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on Germany - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on Germany - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on Germany - Year-over-year growth 2021-2026 (%)
- 7.13 Mexico - Market size and forecast 2021-2026
- Exhibit 86: Chart on Mexico - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on Mexico - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on Mexico - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on Mexico - Year-over-year growth 2021-2026 (%)
- 7.14 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 94: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 95: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification
- 10.3 BAE Systems Plc
- Exhibit 97: BAE Systems Plc - Overview
- Exhibit 98: BAE Systems Plc - Business segments
- Exhibit 99: BAE Systems Plc - Key offerings
- Exhibit 100: BAE Systems Plc - Segment focus
- 10.4 CBC Global Ammunition
- Exhibit 101: CBC Global Ammunition - Overview
- Exhibit 102: CBC Global Ammunition - Product / Service
- Exhibit 103: CBC Global Ammunition - Key offerings
- 10.5 Global Ordnance LLC
- Exhibit 104: Global Ordnance LLC - Overview
- Exhibit 105: Global Ordnance LLC - Product / Service
- Exhibit 106: Global Ordnance LLC - Key offerings
- 10.6 Nammo AS
- Exhibit 107: Nammo AS - Overview
- Exhibit 108: Nammo AS - Product / Service
- Exhibit 109: Nammo AS - Key offerings
- 10.7 Nexter group KNDS
- Exhibit 110: Nexter group KNDS - Overview
- Exhibit 111: Nexter group KNDS - Product / Service
- Exhibit 112: Nexter group KNDS - Key offerings
- 10.8 Northrop Grumman system Corp.
- Exhibit 113: Northrop Grumman system Corp. - Overview
- Exhibit 114: Northrop Grumman system Corp. - Business segments
- Exhibit 115: Northrop Grumman system Corp. - Key news
- Exhibit 116: Northrop Grumman system Corp. - Key offerings
- Exhibit 117: Northrop Grumman system Corp. - Segment focus
- 10.9 Olin Corp.
- Exhibit 118: Olin Corp. - Overview
- Exhibit 119: Olin Corp. - Business segments
- Exhibit 120: Olin Corp. - Key offerings
- Exhibit 121: Olin Corp. - Segment focus
- 10.10 Polska Grupa Zbrojeniowa SA
- Exhibit 122: Polska Grupa Zbrojeniowa SA - Overview
- Exhibit 123: Polska Grupa Zbrojeniowa SA - Product / Service
- Exhibit 124: Polska Grupa Zbrojeniowa SA - Key offerings
- 10.11 Rheinmetall AG
- Exhibit 125: Rheinmetall AG - Overview
- Exhibit 126: Rheinmetall AG - Business segments
- Exhibit 127: Rheinmetall AG - Key offerings
- Exhibit 128: Rheinmetall AG - Segment focus
- 10.12 RUAG International Holding Ltd.
- Exhibit 129: RUAG International Holding Ltd. - Overview
- Exhibit 130: RUAG International Holding Ltd. - Business segments
- Exhibit 131: RUAG International Holding Ltd. - Key offerings
- Exhibit 132: RUAG International Holding Ltd. - Segment focus
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 133: Inclusions checklist
- Exhibit 134: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 135: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 136: Research methodology
- Exhibit 137: Validation techniques employed for market sizing
- Exhibit 138: Information sources
- 11.5 List of abbreviations
- Exhibit 139: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
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nato ammunition market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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