Middle East & Africa Small Caliber Ammunition Market is expected to reach US$ 774.07 million by 2028

Homeland Security Segment is Expected to be Fastest Growing During Forecast Period for MEA Region

According to The Insight Partners market research study on “MEA Small Caliber Ammunition Market to 2028 – COVID-19 Impact and Regional Analysis and Forecast by Ammunition Size, End User, and Gun Type” is expected to reach US$ 774.07 million by 2028 from US$ 529.60 million in 2021. The market is estimated to grow at a CAGR of 5.6% from 2021 to 2028. The report provides trends prevailing in the MEA small caliber ammunition market along with the drivers and restraints pertaining to the market growth. Escalating adoption of new squad automatic rifle by military forces and mounting demand for small arms ammunition are the major factor driving the growth of the MEA small caliber ammunition market. However, harsh rules and regulations related to procurement and sales of ammunition hinders the growth of MEA small caliber ammunition market.

In case of COVID-19, MEA is highly affected especially South Africa. The MEA small caliber ammunition market is majorly affected by the disruption in the supply chain. Pertaining to the closure of borders of countries, the supply chain of several small caliber ammunition has been disturbed. The demand for advanced military equipment and products, including rifles and pistols, for strengthening the military troops have weakened during the initial months of COVID-19 virus outbreak. This led the ammunition manufacturers to experience disturbed supply chain of raw materials. This has resulted in a loss of business among the local and international small caliber ammunition manufacturers. Further, several international defense forces rely on sourcing small caliber ammunition from the Israeli, Turkish, and South African manufacturers, however, due to disruption in supply chain and international trades during early days of COVID outbreak, the small caliber ammunition manufacturers faced substantial challenges to generate revenues. This factor has been analyzed to understand and depict the impact of COVID-19 on MEA small caliber ammunition market.

The MEA small caliber ammunition market is segmented on the basis of ammunition size, end user, gun type, and country. Based on ammunition size, the market is segmented into 5.56mm, 7.62mm, 9mm, 12.7mm, 14.5mm, 45ACP, .338 LM, .22LR, 223 rem, and .308 Winchester. The 9mm segment dominated the MEA small caliber ammunition market in 2020 and 7.62mm segment is expected to be fastest growing during forecast period. In terms of end user, the MEA small caliber ammunition market is segmented into military, homeland security, and law enforcement agencies. The military segment dominated the MEA small caliber ammunition market in 2020 and homeland security segment is expected to be fastest growing during forecast period. Based on gun type, the market is segmented into pistols, rifles, and shot guns. The pistols segment dominated the MEA small caliber ammunition market in 2020 and rifles segment is expected to be fastest growing during forecast period.

BAE Systems Plc, CBC Global Ammunition, Denel PMP, Elbit Systems Ltd., FN HERSTAL, NAMMO AS, and Northrop Grumman Corporation are among the leading companies in the MEA small caliber ammunition market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Elbit Systems Ltd. received a contract from the Israeli Ministry of Defense to supply small-caliber ammunition.  The contract is for years and during the period the company will keep supplying the small caliber ammunition to the Israeli Defense Forces.

The Report Segments the MEA Small Caliber Ammunition Market as Follows:

MEA Small Caliber Ammunition Market – By Ammunition Size

• 5.56mm
• 7.62mm
• 9mm
• 12.7mm
• 14.5mm
• 45ACP
• .338mm
• .22LR
• 223 REM
• .308 Winchester

MEA Small Caliber Ammunition Market – By End User

• Military
• Homeland Security
• Law Enforcement Agencies

MEA Small Caliber Ammunition Market – By Gun Type

• Pistols
• Rifles
• Shot Guns

MEA Small Caliber Ammunition Market – By Country

• Saudi Arabia
• UAE  
• South Africa  
• Rest of MEA