Europe Medium & Large Caliber Ammunition Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Europe Medium and Large Caliber Ammunition Market is Segmented by Caliber Type (Medium and Large), and Geography (United Kingdom, France, Germany, Italy, Russia, and the Rest of Europe). The Report Offers Market Size and Forecast for all the Above Segments in Value (USD).

Europe Medium & Large Caliber Ammunition Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Europe Medium And Large Caliber Ammunition Market Size

Europe Medium And Large Caliber Ammunition Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Market Size (2025) USD 338.00 Million
Market Size (2030) USD 388.23 Million
CAGR (2025 - 2030) 2.81 %
Market Concentration Medium

Major Players

Europe Medium And Large Caliber Ammunition Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Medium And Large Caliber Ammunition Market Analysis

The Europe Medium And Large Caliber Ammunition Market size is estimated at USD 338.00 million in 2025, and is expected to reach USD 388.23 million by 2030, at a CAGR of 2.81% during the forecast period (2025-2030).

European countries' increased defense spending on weapon systems is driving the market's growth. Militaries in Europe are investing in weapons such as field artillery, RWS, mortars, naval guns, aircraft cannons., etc., to strengthen the lethality of the armed forces. These weapons also provide cost-effective firepower support over costly missiles and rockets during close combat operations.

The Russia-Ukraine war in 2022 is expected to aid the procurement and upgradation activities undertaken by armed forces to counter the emerging threats. Several contracts are underway for naval vessels, military aircraft, helicopters, infantry fighting vehicles (IFVs), and armored personnel carriers (APCs) mounted with large-calibre turret guns. Many new contracts are anticipated to be dispersed during the forecast period. Due to this, the demand for medium and large-caliber ammunition is expected to rise in the region.

Growth is subjective to several associative factors, such as allocating funds to procure new equipment. Rapid technological advances, resulting in the short-term effectiveness of newly developed technology, may adversely affect it.

Europe Medium And Large Caliber Ammunition Industry Overview

Europe's medium—and large-caliber ammunition market is semi-consolidated. Some prominent players in the market are General Dynamics Corporation, BAE Systems plc, Rheinmetall AG, Northrop Grumman Corporation, and Nexter Group KNDS. 

Europe has some of the largest ammunition manufacturers in the world, and they are well-known globally for their brand value, reliability, and quality. However, several countries in the region have developed their local ammunition manufacturing, resulting in the advent of local players who are equally strong, providing smaller sub-systems of a larger network/projects in partnership with the global leaders. Over the years, the regional players have mastered technology and product design, and they are offering similar quality ammunition at a relatively lower price, posing a threat to the growth of the established players in Europe, who have been demanding monopoly-style prices for their products and services. This is expected to further intensify the competition in the market during the forecast period.

Europe Medium And Large Caliber Ammunition Market Leaders

  1. General Dynamics Corporation

  2. Rheinmetall AG

  3. Northrop Grumman Corporation

  4. KNDS N.V.

  5. BAE Systems plc

  6. *Disclaimer: Major Players sorted in no particular order
Europe Medium And Large Caliber Ammunition Market Concentration
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Europe Medium And Large Caliber Ammunition Market News

In July 2023, the German military awarded Rheinmetall AG a EUR 1.2 billion (USD 1.35 billion) contract for the supply of 155mm artillery ammunition. The delivery is scheduled for 2024 to be completed by 2029.

In March 2022, the Hungarian Ministry of Defense contracted Rheinmetall AG to supply an extensive package of ammunition worth several hundred million euros. The order includes 120mm tank ammunition and 155mm artillery shells, as well as propelling charges and fuzes.

Europe Medium And Large Caliber Ammunition Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Market Overview
  • 4.2 Market Drivers
  • 4.3 Market Restraints
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Threat of New Entrants
    • 4.4.2 Bargaining Power of Buyers/Consumers
    • 4.4.3 Bargaining Power of Suppliers
    • 4.4.4 Threat of Substitute Products and Services
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION

  • 5.1 Caliber Type
    • 5.1.1 Medium
    • 5.1.2 Large
  • 5.2 Country
    • 5.2.1 United Kingdom
    • 5.2.2 France
    • 5.2.3 Germany
    • 5.2.4 Italy
    • 5.2.5 Russia
    • 5.2.6 Rest of Europe

6. COMPETITIVE LANDSCAPE

  • 6.1 Company Profiles
    • 6.1.1 General Dynamics Corporation
    • 6.1.2 BAE Systems plc
    • 6.1.3 Rheinmetall AG
    • 6.1.4 Northrop Grumman Corporation
    • 6.1.5 KNDS N.V.
    • 6.1.6 Nammo AS
    • 6.1.7 Denel SOC Ltd.
    • 6.1.8 Mesko
    • 6.1.9 Saab AB
    • 6.1.10 Diehl Stiftung & Co. KG
    • 6.1.11 Leonardo S.p.A.
    • 6.1.12 RTX Corporation
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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Europe Medium And Large Caliber Ammunition Industry Segmentation

The medium caliber ammunition includes 40mm, 30mm, 25mm, and 20mm high-explosive (HE), armor-piercing (AP), anti-personnel, and training cartridges that can defeat light armor, material, and personnel targets. On the other hand, ammunition with a caliber more significant than 40mm, including mortar and artillery ammunition, is included under large-caliber ammunition.

The market is segmented by caliber type and geography. By caliber type, the market is segmented into medium and large. The report also offers the market size and forecasts for six countries across the region. For each segment, the market sizing and forecasts have been done based on value (USD).

Caliber Type Medium
Large
Country United Kingdom
France
Germany
Italy
Russia
Rest of Europe
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Europe Medium And Large Caliber Ammunition Market Research FAQs

How big is the Europe Medium And Large Caliber Ammunition Market?

The Europe Medium And Large Caliber Ammunition Market size is expected to reach USD 338.00 million in 2025 and grow at a CAGR of 2.81% to reach USD 388.23 million by 2030.

What is the current Europe Medium And Large Caliber Ammunition Market size?

In 2025, the Europe Medium And Large Caliber Ammunition Market size is expected to reach USD 338.00 million.

Who are the key players in Europe Medium And Large Caliber Ammunition Market?

General Dynamics Corporation, Rheinmetall AG, Northrop Grumman Corporation, KNDS N.V. and BAE Systems plc are the major companies operating in the Europe Medium And Large Caliber Ammunition Market.

What years does this Europe Medium And Large Caliber Ammunition Market cover, and what was the market size in 2024?

In 2024, the Europe Medium And Large Caliber Ammunition Market size was estimated at USD 328.50 million. The report covers the Europe Medium And Large Caliber Ammunition Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Medium And Large Caliber Ammunition Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Europe Medium And Large Caliber Ammunition Industry Report

Statistics for the 2025 Europe Medium And Large Caliber Ammunition market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe Medium And Large Caliber Ammunition analysis includes a market forecast outlook for 2025 to 2030 and historical overview. Get a sample of this industry analysis as a free report PDF download.