Europe Ammunition Market Size (2024 - 2029)

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.