Market Size of Europe Ammunition Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Forecast Data Period | 2024 - 2029 |
| Historical Data Period | 2019 - 2022 |
| CAGR | 3.00 % |
| Market Concentration | High |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Need a report that reflects how COVID-19 has impacted this market and its growth?
Europe Ammunition Market Analysis
- The European ammunition market is anticipated to register a CAGR of more than 3% during the forecast period.
- Due to the COVID-19 pandemic, industries were badly affected in Europe, and many countries in the region were on the verge of a recession that would exceed the economic depression that followed the 2008 financial crisis. Since the ramifications of such a situation for the defense sector could be catastrophic, the governments of the nations in the region mitigated the impact on the defense sector at an early phase.
- Thus, to defend political and defense interests, EU and NATO member states acted collaboratively and aggressively. A progressive and strategic increase in the European defense budget and the launch of infantry support projects are expected to create demand for sophisticated new-generation ammunition with advanced capabilities, thereby driving the market in focus during the forecast period.
- The Russia-Ukraine conflict has altered the European defense landscape. With NATO countries supplying large caches of weapons and other defense equipment to Ukraine, the demand has witnessed a new high due to the continuation of the war and the use of sophisticated weaponry on both sides.
- Reportedly, Russia fires approximately 20,000 rounds per day, while Ukraine fires between 4,000 and 7,000 rounds per day, signifying a great demand for ammunition. European nations are also procuring artillery and mortar systems to protect national borders against illegal trespassing and various types of trafficking, creating a considerable demand for associated ammunition.
Europe Ammunition Industry Segmentation
Ammunition is a projectile shot, shattered, dropped, or exploded by any weapon or weapon system. Ammunition is used as a disposable weapon as well as a component of other weapons to have an impact on a target. Ammunition is used to direct a force to a certain target. To function, all mechanical weapons require some form of ammo. When input on functionality is obtained from the battlefield, enhancements, upgrades, and replacements are always being designed.
The Europe ammunition market is segmented by caliber size, end user, and country. By caliber, the market is segmented into small caliber, medium caliber, and large caliber. By end user, the market is segmented into civilian and military. The countries covered within the purview of the study include the United Kingdom, France, Germany, Russia, and the Rest of Europe.
For each segment, the market sizing and forecasts have been provided by value in USD billion.
| Caliber Size | |
| Small Caliber | |
| Medium Caliber | |
| Large Caliber |
| End User | |
| Civilian | |
| Military |
| Geography | |
| United Kingdom | |
| France | |
| Germany | |
| Russia | |
| Rest of Europe |
Europe Ammunition Market Size Summary
The European ammunition market is poised for growth, driven by strategic defense initiatives and geopolitical tensions. The COVID-19 pandemic initially posed challenges, but European governments swiftly acted to protect the defense sector, leading to increased defense budgets and collaborative efforts among EU and NATO member states. The ongoing Russia-Ukraine conflict has significantly impacted the defense landscape, with heightened demand for ammunition due to extensive military engagements. European nations are also enhancing their military capabilities to safeguard borders, further fueling the demand for advanced ammunition. This environment of rising defense spending and the need for sophisticated weaponry is expected to propel the market forward during the forecast period.
The European ammunition industry is characterized by a consolidated market with a few key players, including BAE Systems plc, General Dynamics Corporation, Nexter Group, Rostec, and Rheinmetall AG, who cater to the region's defense needs. The market's growth is supported by substantial military expenditures, such as Germany's significant investment in armed forces and France's increased military budget. Additionally, contracts for modernizing weapon systems and procuring ammunition, like those signed by Rheinmetall AG with European NATO customers, underscore the ongoing demand. As geopolitical tensions persist and defense budgets rise, the European ammunition market is set to expand, driven by the need for advanced military solutions.
Europe Ammunition Market Size - Table of Contents
-
1. MARKET DYNAMICS
-
1.1 Market Overview
-
1.2 Market Drivers
-
1.3 Market Restraints
-
1.4 Porter's Five Forces Analysis
-
1.4.1 Threat of New Entrants
-
1.4.2 Bargaining Power of Buyers/Consumers
-
1.4.3 Bargaining Power of Suppliers
-
1.4.4 Threat of Substitute Products
-
1.4.5 Intensity of Competitive Rivalry
-
-
-
2. MARKET SEGMENTATION
-
2.1 Caliber Size
-
2.1.1 Small Caliber
-
2.1.2 Medium Caliber
-
2.1.3 Large Caliber
-
-
2.2 End User
-
2.2.1 Civilian
-
2.2.2 Military
-
-
2.3 Geography
-
2.3.1 United Kingdom
-
2.3.2 France
-
2.3.3 Germany
-
2.3.4 Russia
-
2.3.5 Rest of Europe
-
-
Europe Ammunition Market Size FAQs
What is the current Europe Ammunition Market size?
The Europe Ammunition Market is projected to register a CAGR of greater than 3% during the forecast period (2024-2029)
Who are the key players in Europe Ammunition Market?
BAE Systems plc, Rheinmetall AG, General Dynamics Corporation, Nexter Group and ROSTEC are the major companies operating in the Europe Ammunition Market.
