NATO Ammunition Market Share

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

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Market Share of NATO Ammunition Industry

The NATO ammunition market is consolidated, with a few global players holding the most significant shares. Some of the major players in the market are Rheinmetall AG, General Dynamics Corporation, BAE Systems PLC, Northrop Grumman Corporation, and Olin Corporation.

Key OEMs in the market are investing heavily in R&D and introducing advanced ammunition for defense forces. The OEMs focus on long-term contracts, agreements, and partnerships with defense forces to expand their businesses. For instance, in April 2024, Rheinmetall received a contract to supply a European member of NATO with multiple rocket launcher ammunition. The delivery will take place from 2024 to 2027. The contract was valued at around EUR 300 million. Rheinmetall Expal Munitions of Spain will manufacture and deliver the rockets with a maximum range of 300 km.

NATO Ammunition Market Leaders

  1. Rheinmetall AG

  2. Olin Corporation

  3. General Dynamics Corporation

  4. Northrop Grumman Corporation

  5. BAE Systems plc

*Disclaimer: Major Players sorted in no particular order

NATO Ammunition Market Concentration

NATO Ammunition Market Report Snapshots

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