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

North America Ammunition Industry Overview

The prominent players of the market are BAE Systems PLC, General Dynamics Corporation, Northrop Grumman Corporation, Rheinmetall AG, and Nexter Group KNDS. The increasing need for arms and ammunition is strengthening their local and government-owned ammunition companies. Companies are currently focusing on the design and manufacture of more lethal ammunition to increase their market shares. Rheinmetall AG is one of the major players in the market that is providing artillery ammunition through multiple joint ventures in various regions. For instance, in February 2021, Rheinmentall AG and Northrop Grumman signed a ten year according to which both the companies will develop ammunition technology for future artillery operations. In May 2021, U.S. Department of Defense offered a contract to General Dynamics Ordnance and Tactical Systems, which is a part of General Dynamics, of worth USD 49,3 million, for procurement of 105mm tank ammunition. Countries in this region are supporting local manufacturing companies to facilitate the needs of their respective armed forces and law enforcement agencies, thereby, helping the local companies to have a significant share in the market.