The North Atlantic Treaty Organization (NATO), also called the North Atlantic Alliance, is an intergovernmental military alliance between 28 European and 2 North American countries. The organization implements the North Atlantic Treaty that was signed on 4 April 1949. NATO’s essential and enduring purpose is to safeguard the freedom and security of all its members by political and military means. Owing to the perceived threat of a military standoff from Russia, the NATO countries are aiming to enhance their defense expenditure to modernize their defense capabilities. Furthermore, the ongoing deployment pattern of NATO forces in different countries across the globe as part of their peacekeeping missions has necessitated the procurement of advanced weaponry and associated ammunition. In 2019, the US accounted for the largest market share due to its gigantic defense spending which is multifold compared to other NATO countries. The US defense expenditure witnessed a 5.3% YoY growth to account for USD 732 billion in 2019. For FY2021, the requested US defense budget of USD 704.6 billion is aimed at improving the military readiness and invest modernization of its armed forces.
𝐃𝐨𝐰𝐧𝐥𝐨𝐚𝐝 𝐒𝐚𝐦𝐩𝐥𝐞 𝐨𝐟 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 : https://www.alliedmarketresearch.com/request-toc-and-sample/13174
COVID-19 Impact analysis
Even while the world is tackling COVID- 19 pandemic, still all the military procurement and maintenance and manufacturing related to the defense sector is continuing in almost every country, because national safety is foremost important and safeguarding soldiers is a prime requirement. Key spenders form NATO countries U.S. delegate a large amount, approximately 4% of their GDP to defense budget. The de-prioritization of defense spending would depend on a variety of other economic and social factors. Major powers like the U.S. have already halted all troop movement, missions, and exercises. Cessing or reducing military exercises would reduce the engagement time, informal testing, and evaluation of equipment and reduce the latent market development potential. Global ammunition manufacturers will still expect some difficulties in their supply chain, as many distributors and suppliers are likely to face their own operational or financial challenges during such a nationwide lockdown.
Top Impacting Factors
- Rise in defense spending, modernization programs undertaken by military forces in major economies, and reduction in weight of ammunition are driving the growth of the market.
- Varying economic, legal, and political regulations affecting the procurement of ammunition is expected to hamper the growth of the market.
- Manufacturers are shifting from manufacturing lead-based bullets, which have adverse effects on the environment to using copper as a slug that reduces the ill effects on the environment can be seen as an opportunity for the market investments.
𝐏𝐫𝐨𝐜𝐮𝐫𝐞 𝐂𝐨𝐦𝐩𝐥𝐞𝐭𝐞 𝐑𝐞𝐬𝐞𝐚𝐫𝐜𝐡 𝐑𝐞𝐩𝐨𝐫𝐭 𝐍𝐨𝐰 : https://www.alliedmarketresearch.com/nato-ammunition-market/purchase-options
Rise in Defense Spending
Several NATO countries are now focusing on augmenting their military firepower and defensive capabilities, in the wake of the growing threats from other nations and the increasing deployment of NATO forces to fight insurgent groups in various countries in the world. On the other hand, there is continuous pressure from the US on other NATO countries to increase military spending by at least 2% of their GDP. In this regard, these countries are increasing their military spending, to facilitate the strengthening of their military arsenal. The growth in defense budgets will support the nations to enhance their combat capabilities and help the NATO countries execute their individual and collective defense strategies as planned. According to Stockholm International Peace Research Institute (SIPRI), the total military spending by all NATO member states in 2019 (excluding North Macedonia that joined in 2020) was USD 1035 billion. Out of this, military spending by the United States alone was as much as USD 732 billion in 2019 while the military spending of Germany grew considerably by about 10% in 2019, to USD 49.3 billion. Bulgaria’s military spending increased by 127% while Romania’s military spending increased by 17%. Poland is also increasing its military spending and the country pledged to increase its military spending to 2.5% of its GDP by 2030. Bolstered by the increasing defense spending, the militaries of the NATO countries are continuously changing, aimed at transforming themselves into more capable, modern, and technologically advanced forces, for which they are procuring various weapon systems and associated ammunition aimed at enhancing their defensive prowess.
𝐈𝐧𝐪𝐮𝐢𝐫𝐞 𝐁𝐞𝐟𝐨𝐫𝐞 𝐁𝐮𝐲𝐢𝐧𝐠 : https://www.alliedmarketresearch.com/purchase-enquiry/13174
Key benefits of the report:
- This study presents the analytical depiction of the NATO ammunition market along with the current trends and future estimations to determine the imminent investment pockets.
- The report presents information related to key drivers, restraints, and opportunities along with challenges of the NATO ammunition market.
- The current market is quantitatively analyzed to highlight the NATO ammunition market growth scenario.
- The report provides a detailed NATO ammunition market analysis based on competitive intensity and how the competition will take shape in coming years.
Questions answered in the NATO ammunition market research report:
- Which are the leading market players active in the NATO ammunition market?
- What would be the detailed impact of COVID-19 on the market?
- What current trends would influence the market in the next few years?
- What are the driving factors, restraints, and opportunities in the NATO ammunition market?
- What are the projections for the future that would help in taking further strategic steps?
NATO Ammunition Market Report Highlights
| Aspects | Details |
|---|---|
| By Caliber Size | SmallMediumLarge |
| By Weapon Platform | AerialTerrestrialNaval |
| By Product | BulletsAir BombsGrenadesArtillery ShellsMortarsOthers |
| By Region | North America (U.S., Canada, Mexico)Europe (UK, Germany, France, Russia, Rest of Europe)Asia-Pacific (China, Japan, India, South Korea, Australia, Rest of Asia-Pacific)LAMEA (Latin America, Middle East, Africa, Rest of LAMEA) |
| Key Market Players | Diehl Stiftung & Co., Nammo AS., BAE Systems plc, RUAG Group, Nexter Group, Northcorp Grumann Corporation, Rheinmetall AG, Olin Corporation |
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