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North America Medium Caliber Ammunition Market Forecast 2020-2028

KEY FINDINGS
The North America medium caliber ammunition market is evaluated to register growth, recording a CAGR of 1.60%. The rich presence of major manufacturers of medium-caliber ammunition, with their bases in the region, is the dominant factor propelling the growth of the market.

MARKET INSIGHTS
The North America medium caliber ammunition market growth is evaluated on the basis of market assessment of Canada and the United States. Canada is planning to increase its defense expenditure by about 70% in the coming years. This is set to boost the demand for new ammunition. According to recent NATO figures, Canada is estimated to have spent a reasonable part of its GDP on defense in 2019. The armed forces of the country participate in various NATO operations abroad, along with UN peace operations, thereby contributing to global stability and security. The government has extended its support to the government of Ukraine, and has trained their armed forces, along with supplying arms and ammunition. The country is also engaged in arming and training several governments in the African continent to enhance security and stability in the region. Canada is set to acquire the next generation of frigates in the coming years. The deployment of blunt impact projectiles that utilize medium caliber ammunition is expected to influence the growth of the market in a considerable manner during the forecast period.

COMPETITIVE INSIGHTS
Mesko SA, General Dynamics Corporation, Denel SOC Ltd, Nexter Group KNDS, CHC North America Ammunition, make it to the list of eminent companies in the market.

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North America Medium Caliber Ammunition Market Forecast 2020-2028
Published By :Inkwood Research
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