The ammunition market in Europe is expected to grow from US$ 10,872.26 million in 2022 to US$ 16,333.02 million by 2028. It is estimated to grow at a CAGR of 7.0% from 2022 to 2028.

Introduction of Lightweight Ammunitions

The manufacturers across the ammunition industry have been witnessing a significant rise in the demand for ammunition due to the introduction and high procurement of next-generation firearms being adopted by several customers worldwide. The ammunition market players are majorly focusing on the development of new and innovative ammunitions to replace different traditional brass cartridges. For instance, Nammo, an international aerospace and defense company, is looking for new lightweight materials that could replace brass cartridges that are beneficial for individual soldiers in terms of weight handling and transportation of ammunition boxes. As a result, the company has invested in MAC LLC, which manufactures ammunition for small arms, to continue the research & development of such products. Further, the use of composite materials by missile manufacturers has been witnessed in the past few years, making the missile a lightweight option that can travel up to more range than conventional materials due to its lightweight capabilities.

The ammunition industry is continuously exploring ways to evolve the most common small caliber ammunitions, such as 5.56mm and 7.62mm bullets. As a result, several vendors are focusing on finding ways to use new and advanced materials that provide more strength to the product with lighter weight capabilities. This has a strong impact on reducing the overall operational costs, improving product performance, and gradually addressing environmental concerns. This is expected to cater to rising environmental regulations associated with lead contamination, as every bullet that is fired from a gun also releases some amount of lead into its surroundings. The use of such new materials will provide a potential pathway toward lead-free technology. Such developments are catalyzing the demand for new and innovative ammunition solutions for the end users.

Market Overview

Based on country, the Europe ammunition market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. Several European countries have been experiencing a significant rise in military expenses, which is propelling the adoption of modernized equipment vessels and ammunition. However, the increased military spending in Central and Western Europe in 2021 reflects a need to combat terrorism. Therefore, participation in peacekeeping operations, prevention of terrorism, efforts to secure trade routes, and soldier modernization programs, which include small arms, medium arms, large arms, and ammunition procurement, are expected to boost the market growth over the forecast period.

European countries are procuring artillery and mortar systems to safeguard their borders against illegal trespassing and several forms of trafficking, thereby creating a significant demand for ammunition. According to the 2016 Global Strategy, Europe aims to achieve strategic autonomy by 2025. Therefore, European Union (EU) countries are implementing diverse soldier modernization programs to achieve higher levels of military capability. This has initiated several procurement programs for advanced weapons and compatible ammunition. For instance, in January 2020, the French Ministry of Defense invested US$ 48.4964 in Glock, a weapons manufacturer, for procuring 74,596 units of the fifth generation Glock 17 semi-automatic pistol. The contract also includes provisions for the supply of 51 million 0f ammunition 9x19mm, including 4 million marker training rounds and 2 million subsonic rounds. Further, in June 2019, Defense Materials Organization (DMO), the Dutch procurement agency, extended its partnership agreement with Rheinmetall AG for supplying of ammunition until 2030 for the weapon system. The emergence of smart munitions has fundamentally disrupted the demand for traditional munitions as many countries are focused on adopting smart dual-use weapons. Such a rise in demand to adopt of ammunition and weapon system contributes to the growth of the Europe ammunition market.

Europe Ammunition Market Revenue and Forecast to 2028 (US$ Million)

Europe Ammunition Market Segmentation

The Europe ammunition market is segmented into product, application, guidance, lethality, caliber, and country.

The Europe ammunition market, by product type, is segmented into bullets, aerial bombs, grenades, artillery shells, mortars, and others. In 2021, the aerial bombs segment dominated market.

The ammunition market by application is segmented into defense and commercial. In 2021, the defense segment dominated the Europe ammunition market.

The Europe ammunition market, by guidance, is segmented into guided and non-guided. In 2021, the guided segment held a larger market share in 2021.

The Europe ammunition market by lethality is segmented into non-lethal and lethal. In 2021, the lethal segment held a larger market share in 2021.

The Europe ammunition market, by caliber, is segmented into small caliber ammunitions, medium caliber ammunitions, and large caliber ammunitions. In 2021, the large caliber ammunitions segment held the largest market share in 2021.

Based on country, the market is segmented into France, Germany, Italy, UK, Russia, and the Rest of Europe. Russia dominated the market in 2021.

BAE Systems, Elbit Systems Ltd, NAMMO AS, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, RUAG Group, Thales Group, and Vista Outdoor Operations LLC are the leading companies operating in the ammunition market in the region.

TABLE OF CONTENTS

1. Introduction
1.1 Study Scope
1.2 The Insight Partners Research Report Guidance
1.3 Market Segmentation
2. Key Takeaways
3. Research Methodology
3.1 Coverage
3.2 Secondary Research
3.3 Primary Research
4. Europe Ammunition Market Landscape
4.1 Market Overview
4.2 Porter’s Five Forces Analysis
4.2.1 Bargaining Power of Buyers
4.2.2 Bargaining Power of Suppliers
4.2.3 Threat to New Entrants
4.2.4 Threat to Substitutes
4.2.5 Competitive Rivalry
4.3 Ecosystem Analysis
4.4 Expert Opinion
4.5 Impact of Russia Ukraine War in the Ammunitions Market
5. Europe Ammunition Market – Key Market Dynamics
5.1 Market Drivers
5.1.1 Rise in Europe Military Spending Promotes Procurement of Ammunitions
5.1.2 Introduction of Lightweight Ammunitions
5.2 Key Market Restraints
5.2.1 Shortage of Ammunition After FY 2020
5.3 Key Market Opportunities
5.3.1 Rising Demand for Guided Ammunitions from Emerging Countries
5.4 Future Trends
5.4.1 Technological Advancements Across Firearms Industry
5.5 Impact Analysis of Drivers and Restraints
6. Ammunition Market – Europe Analysis
6.1 Europe Ammunition Market Europe Overview
6.2 Europe Ammunition Market Forecast and Analysis
7. Europe Ammunition Market Analysis – by Product
7.1 Overview
7.2 Europe Ammunition Market Breakdown, by Product, 2021 and 2028
7.3 Bullets
7.3.1 Overview
7.3.2 Bullets: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
7.4 Aerial Bomb
7.4.1 Overview
7.4.2 Aerial Bomb: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
7.5 Grenades
7.5.1 Overview
7.5.2 Grenades: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
7.6 Artillery Shells
7.6.1 Overview
7.6.2 Artillery Shells: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
7.7 Mortars
7.7.1 Overview
7.7.2 Mortars: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
7.8 Others
7.8.1 Overview
7.8.2 Others: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
8. Europe Ammunition Market Analysis – by Application
8.1 Overview
8.2 Europe Ammunition Market Breakdown, by Application, 2021 and 2028
8.3 Defense
8.3.1 Overview
8.3.2 Defense: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
8.4 Commercial
8.4.1 Overview
8.4.2 Commercial: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
9. Europe Ammunition Market Analysis – by Guidance
9.1 Overview
9.2 Europe Ammunition Market Breakdown, by Guidance, 2021 and 2028
9.3 Guided
9.3.1 Overview
9.3.2 Guided: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
9.4 Non-Guided
9.4.1 Overview
9.4.2 Non-Guided: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
10. Europe Ammunition Market Analysis – by Lethality
10.1 Overview
10.2 Europe Ammunition Market Breakdown, by Lethality, 2021 and 2028
10.3 Non-Lethal
10.3.1 Overview
10.3.2 Non-Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
10.4 Lethal
10.4.1 Overview
10.4.2 Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
11. Europe Ammunition Market Analysis – by Caliber
11.1 Overview
11.2 Europe Ammunition Market Breakdown, by Caliber, 2021 and 2028
11.3 Small Caliber Ammunition
11.3.1 Overview
11.3.2 Small Caliber Ammunition: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
11.4 Medium Caliber Ammunition
11.4.1 Overview
11.4.2 Medium Caliber Ammunition: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
11.5 Large Caliber Ammunition
11.5.1 Overview
11.5.2 Large Caliber Ammunition: Ammunition Market– Revenue and Forecast to 2028 (US$ Million)
12. Europe Ammunition Market – Country Analysis
12.1 Overview
12.1.1 Europe: Ammunition Market, by Key Country
12.1.1.1 Germany: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.1.1 Germany: Ammunition Market, by Product
12.1.1.1.2 Germany: Ammunition Market, by Application
12.1.1.1.3 Germany: Ammunition Market, by Guidance
12.1.1.1.4 Germany: Ammunition Market, by Lethality
12.1.1.1.5 Germany: Ammunition Market, by Caliber
12.1.1.1.5.1 Germany: Ammunition Market, by Small Caliber Ammunition
12.1.1.1.5.2 Germany: Ammunition Market, by Medium Caliber Ammunition
12.1.1.1.5.3 Germany: Ammunition Market, by Large Caliber Ammunition
12.1.1.2 France: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.2.1 France: Ammunition Market, by Product
12.1.1.2.2 France: Ammunition Market, by Application
12.1.1.2.3 France: Ammunition Market, by Guidance
12.1.1.2.4 France: Ammunition Market, by Lethality
12.1.1.2.5 France: Ammunition Market, by Caliber
12.1.1.2.5.1 France: Ammunition Market, by Small Caliber Ammunition
12.1.1.2.5.2 France: Ammunition Market, by Medium Caliber Ammunition
12.1.1.2.5.3 France: Ammunition Market, by Large Caliber Ammunition
12.1.1.3 Italy: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.3.1 Italy: Ammunition Market, by Product
12.1.1.3.2 Italy: Ammunition Market, by Application
12.1.1.3.3 Italy: Ammunition Market, by Guidance
12.1.1.3.4 Italy: Ammunition Market, by Lethality
12.1.1.3.5 Italy: Ammunition Market, by Caliber
12.1.1.3.5.1 Italy: Ammunition Market, by Small Caliber Ammunition
12.1.1.3.5.2 Italy: Ammunition Market, by Medium Caliber Ammunition
12.1.1.3.5.3 Italy: Ammunition Market, by Large Caliber Ammunition
12.1.1.4 UK: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.4.1 UK: Ammunition Market, by Product
12.1.1.4.2 UK: Ammunition Market, by Application
12.1.1.4.3 UK: Ammunition Market, by Guidance
12.1.1.4.4 UK: Ammunition Market, by Lethality
12.1.1.4.5 UK: Ammunition Market, by Caliber
12.1.1.4.5.1 UK: Ammunition Market, by Small Caliber Ammunition
12.1.1.4.5.2 UK: Ammunition Market, by Medium Caliber Ammunition
12.1.1.4.5.3 UK: Ammunition Market, by Large Caliber Ammunition
12.1.1.5 Russia: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.5.1 Russia: Ammunition Market, by Product
12.1.1.5.2 Russia: Ammunition Market, by Application
12.1.1.5.3 Russia: Ammunition Market, by Guidance
12.1.1.5.4 Russia: Ammunition Market, by Lethality
12.1.1.5.5 Russia: Ammunition Market, by Caliber
12.1.1.5.5.1 Russia: Ammunition Market, by Small Caliber Ammunition
12.1.1.5.5.2 Russia: Ammunition Market, by Medium Caliber Ammunition
12.1.1.5.5.3 Russia: Ammunition Market, by Large Caliber Ammunition
12.1.1.6 Rest of Europe: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
12.1.1.6.1 Rest of Europe: Ammunition Market, by Product
12.1.1.6.2 Rest of Europe: Ammunition Market, by Application
12.1.1.6.3 Rest of Europe: Ammunition Market, by Guidance
12.1.1.6.4 Rest of Europe: Ammunition Market, by Lethality
12.1.1.6.5 Rest of Europe: Ammunition Market, by Caliber
12.1.1.6.5.1 Rest of Europe: Ammunition Market, by Small Caliber Ammunition
12.1.1.6.5.2 Rest of Europe: Ammunition Market, by Medium Caliber Ammunition
12.1.1.6.5.3 Rest of Europe: Ammunition Market, by Large Caliber Ammunition
13. Industry Landscape
13.1 Overview
13.2 Market Initiative
13.3 New Product Development
14. Company Profiles
14.1 Northrop Grumman Corporation
14.1.1 Key Facts
14.1.2 Business Description
14.1.3 Products and Services
14.1.4 Financial Overview
14.1.5 SWOT Analysis
14.1.6 Key Developments
14.2 BAE Systems
14.2.1 Key Facts
14.2.2 Business Description
14.2.3 Products and Services
14.2.4 Financial Overview
14.2.5 SWOT Analysis
14.2.6 Key Developments
14.3 Elbit Systems Ltd.
14.3.1 Key Facts
14.3.2 Business Description
14.3.3 Products and Services
14.3.4 Financial Overview
14.3.5 SWOT Analysis
14.3.6 Key Developments
14.4 Raytheon Technologies Corporation
14.4.1 Key Facts
14.4.2 Business Description
14.4.3 Products and Services
14.4.4 Financial Overview
14.4.5 SWOT Analysis
14.4.6 Key Developments
14.5 Vista Outdoor Operations LLC
14.5.1 Key Facts
14.5.2 Business Description
14.5.3 Products and Services
14.5.4 Financial Overview
14.5.5 SWOT Analysis
14.5.6 Key Developments
14.6 NAMMO AS
14.6.1 Key Facts
14.6.2 Business Description
14.6.3 Products and Services
14.6.4 Financial Overview
14.6.5 SWOT Analysis
14.6.6 Key Developments
14.7 Rheinmetall AG
14.7.1 Key Facts
14.7.2 Business Description
14.7.3 Products and Services
14.7.4 Financial Overview
14.7.5 SWOT Analysis
14.7.6 Key Developments
14.8 RUAG Group
14.8.1 Key Facts
14.8.2 Business Description
14.8.3 Products and Services
14.8.4 Financial Overview
14.8.5 SWOT Analysis
14.8.6 Key Developments
14.9 Thales Group
14.9.1 Key Facts
14.9.2 Business Description
14.9.3 Products and Services
14.9.4 Financial Overview
14.9.5 SWOT Analysis
14.9.6 Key Developments
15. Appendix
15.1 About The Insight Partners
15.2 Word Index

LIST OF TABLES

Table 1. Europe Ammunition Market, Revenue and Forecast, 2020–2028 (US$ Million)
Table 2. Germany: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 3. Germany: Ammunition Market, by Application – Revenue and Forecast to 2028 (US$ Million)
Table 4. Germany: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)
Table 5. Germany: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)
Table 6. Germany: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)
Table 7. Germany: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 8. Germany: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 9. Germany: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 10. France: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 11. France: Ammunition Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 12. France: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)
Table 13. France: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)
Table 14. France: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)
Table 15. France: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 16. France: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 17. France: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 18. Italy: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 19. Italy: Ammunition Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 20. Italy: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)
Table 21. Italy: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)
Table 22. Italy: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)
Table 23. Italy: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 24. Italy: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 25. Italy: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 26. UK: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 27. UK: Ammunition Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 28. UK: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)
Table 29. UK: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)
Table 30. UK: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)
Table 31. UK: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 32. UK: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 33. UK: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 34. Russia: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 35. Russia: Ammunition Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 36. Russia: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)
Table 37. Russia: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)
Table 38. Russia: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)
Table 39. Russia: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 40. Russia: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 41. Russia: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 42. Rest of Europe: Ammunition Market, by Product– Revenue and Forecast to 2028 (US$ Million)
Table 43. Rest of Europe: Ammunition Market, by Application– Revenue and Forecast to 2028 (US$ Million)
Table 44. Rest of Europe: Ammunition Market, by Guidance–Revenue and Forecast to 2028 (US$ Million)
Table 45. Rest of Europe: Ammunition Market, by Lethality–Revenue and Forecast to 2028 (US$ Million)
Table 46. Rest of Europe: Ammunition Market, by Caliber–Revenue and Forecast to 2028 (US$ Million)
Table 47. Rest of Europe: Ammunition Market, by Small Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 48. Rest of Europe: Ammunition Market, by Medium Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 49. Rest of Europe: Ammunition Market, by Large Caliber Ammunition–Revenue and Forecast to 2028 (US$ Million)
Table 50. List of Abbreviation

LIST OF FIGURES

Figure 1. Europe Ammunition Market Segmentation
Figure 2. Europe Ammunition Market Segmentation – By Country
Figure 3. Europe Ammunition Market Overview
Figure 4. Europe Ammunition Market, By Product
Figure 5. Europe Ammunition Market, By Application
Figure 6. Europe Ammunition Market, By Country
Figure 7. Porter’s Five Forces Analysis
Figure 8. Europe Ammunition Market- Ecosystem Analysis
Figure 9. Expert Opinion
Figure 10. Europe Ammunition Market: Impact Analysis of Drivers and Restraints
Figure 11. Europe Ammunition Market, Forecast and Analysis (US$ Million)
Figure 12. Europe Ammunition Market Revenue Share, by Product (2021 and 2028)
Figure 13. Europe Bullets: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 14. Europe Aerial Bomb: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 15. Europe Grenades: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 16. Europe Artillery Shells: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 17. Europe Mortars: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 18. Europe Others: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 19. Europe Ammunition Market Revenue Share, by Application (2021 and 2028)
Figure 20. Europe Defense: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 21. Europe Commercial: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 22. Europe Ammunition Market Revenue Share, by Guidance (2021 and 2028)
Figure 23. Europe Guided: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 24. Europe Non-Guided: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 25. Europe Ammunition Market Revenue Share, by Lethality (2021 and 2028)
Figure 26. Europe Non-Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 27. Europe Lethal: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 28. Europe Ammunition Market Revenue Share, by Caliber (2021 and 2028)
Figure 29. Europe Small Caliber Ammunition: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 30. Europe Medium Caliber Ammunition: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 31. Europe Large Caliber Ammunition: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 32. Europe: Ammunition Market, by Key Country – Revenue (2021) (US$ Million)
Figure 33. Europe: Ammunition Market Revenue Share, by Key Country (2021 and 2028)
Figure 34. Germany: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 35. France: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 36. Italy: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 37. UK: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 38. Russia: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)
Figure 39. Rest of Europe: Ammunition Market – Revenue and Forecast to 2028 (US$ Million)

● Save and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe ammunition market
● Highlights key business priorities in order to assist companies to realign their business strategies
● The key findings and recommendations highlight crucial progressive industry trends in the Europe ammunition market, thereby allowing players across the value chain to develop effective long-term strategies
● Develop/modify business expansion plans by using substantial growth offering developed and emerging markets
● Scrutinize in-depth Europe market trends and outlook coupled with the factors driving the ammunition market, as well as those hindering it
● Enhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution

The List of Companies – Europe Ammunition Market

● BAE Systems
● Elbit Systems Ltd
● NAMMO AS
● Northrop Grumman Corporation
● Raytheon Technologies Corporation
● Rheinmetall AG
● RUAG Group
● Thales Group
● Vista Outdoor Operations LLC

At 7.0% CAGR, the Europe Ammunition Market is speculated to be worth US$ 16,333.02 Million by 2028, says The Insight Partners

According to The Insight Partners’ research, the Europe ammunition market was valued at US$ 10,872.26 million in 2022 and is expected to reach US$ 16,333.02 million by 2028, registering an annual growth rate of 7.0% from 2022 to 2028. Surge in military spending promoting procurement of ammunitions and upcoming of light weight ammunitions are the critical factors attributed to the market expansion.

The rise in military expenditure is one of the major factors that is promoting the procurement of ammunition and guns. Further, the rising tension among several countries is generating awareness for increasing military power and strengthening law enforcement power across different countries. For instance, the ongoing war between Russia and Ukraine are a few of the major factors that have been generating huge demand for ammunitions globally. Moreover, most European countries have already announced to double their military budgets, which is also boosting the procurement of ammunition and firearms. For instance, in March 2022, seven countries, including Germany, Belgium, Romania, Italy, Poland, Norway, and Sweden, announced an increase in their defense spending due to the invasion of Russia in Ukraine. As a result, according to several defense sources, Germany announced that it would be spending an additional US$ 112 billion in its military expenditure, that also led to rise in its military spending from 1.53% of the national GDP to above 2%.

The sudden increase in demand for ammunition since 2020 is also driving the ammunition market growth. The Europe firearm & ammunition industry witnessed a ~400% increase from 2020 to 2021, according to several defense sources that have increased the procurement of ammunition. Moreover, commercial applications such as hunting and other shooting sports have witnessed a rise in demand for ammunition and firearms, which is catalyzing the ammunition industry.

On the contrary, shortage of ammunitions after FY 2022 hurdles the growth of Europe ammunition market.

The Europe ammunition market, by product type, is segmented into bullets, aerial bombs, grenades, artillery shells, mortars, and others. In 2022, the aerial bombs segment dominated market with a share of 27.5%, amassing US$ 2,993.55 million. It is projected to garner US$ 4,969.68 million by 2028 to expand at 8.8% CAGR during 2022–2028.

Based on application, the ammunition market sphere is bifurcated into defense and commercial. The former held 90.0% market share in 2022, amassing US$ 9,782.18 million. It is projected to garner US$ 14,891.89 million by 2028 to expand at 7.3% CAGR during 2022–2028.

Based on guidance, the ammunition market sphere is bifurcated into guided and non-guided. The lethal segment held 63.7% market share in 2022, amassing US$ 6,925.23 million. It is projected to garner US$ 10,634.08 million by 2028 to expand at 7.4% CAGR during 2022–2028.

Based on lethality, the ammunition market sphere is bifurcated into non-lethal and lethal. The former held 89.6% market share in 2022, amassing US$ 9,742.03 million. It is projected to garner US$ 14791.68 million by 2028 to expand at 8.7% CAGR during 2022–2028.

By caliber, the Europe ammunition market is fragmented into small caliber ammunitions, medium caliber ammunitions, and large caliber ammunitions. With 47.5% share of the domain, the large caliber segment dominated the market in 2022. It accrued US$ 5,159.73 million in 2022 and is estimated to generate US$ 8,063.43 million by 2028 to grow at a CAGR of 7.7% over the forecast period.

Our regional analysis states that Russia captured 33.4% market share in 2022. It was assessed at US$ 3,636.09 million in 2022 and is likely to hit US$ 5251.07 million by 2028, exhibiting a CAGR of 6.3% during the forecast period.

Key players dominating the Europe ammunition market are BAE Systems, Elbit Systems Ltd, NAMMO AS, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, RUAG Group, Thales Group, and Vista Outdoor Operations LLC among others.

Below are mentioned a few key market developments by majir players:

In 2022, Rheinmetall announced contracts from unnamed NATO customers to supply 35mm ammunition. The deliveries will take place in 2023 and 2024 and the contract is worth a total of $21.3 million.

In 2022, General Dynamics Ordnance and Tactical Systems awarded a US$ 50.8 million contract for 120mm. The new Production multi-purpose tank training rounds and 120mm new production kinetic energy rounds.