Market Size of Europe Medium And Large Caliber Ammunition Industry
| Study Period | 2019 - 2029 |
| Base Year For Estimation | 2023 |
| Market Size (2024) | USD 328.76 Million |
| Market Size (2029) | USD 377.61 Million |
| CAGR (2024 - 2029) | 2.81 % |
| Market Concentration | Medium |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Europe Medium And Large Caliber Ammunition Market Analysis
The Europe Medium and Large Caliber Ammunition Market size is estimated at USD 1.31 billion in 2023, and is expected to reach USD 1.49 billion by 2028, growing at a CAGR of 2.60% during the forecast period (2023-2028).
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 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 |
Europe Medium And Large Caliber Ammunition Market Size Summary
The Europe medium and large caliber ammunition market is experiencing growth driven by increased defense spending across European countries. This investment is focused on enhancing the lethality of armed forces through the procurement of various weapon systems such as field artillery, naval guns, and aircraft cannons. The ongoing geopolitical tensions, particularly the Russia-Ukraine conflict, have further accelerated the demand for these ammunition types as countries seek to upgrade their military capabilities to counter emerging threats. The market is characterized by a semi-consolidated structure, with major players like General Dynamics Corporation, BAE Systems plc, and Rheinmetall AG leading the charge. However, the rise of local manufacturers offering competitive pricing and technology is intensifying market competition.
The market's expansion is also supported by strategic contracts and upgrades within the region, as seen in recent agreements by countries like Norway and Germany to enhance their mortar systems and ammunition. The UK's commitment to increasing its military budget and production capacity for 155mm ammunition further underscores the region's focus on strengthening defense capabilities. Despite economic challenges, defense spending remains a priority, with countries aiming to meet or exceed NATO's spending targets. This robust investment landscape, coupled with technological advancements, is expected to sustain the market's growth trajectory over the forecast period.
Europe Medium And Large Caliber Ammunition Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Market Overview
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1.2 Market Drivers
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1.3 Market Restraints
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1.4 Porter's Five Forces Analysis
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1.4.1 Threat of New Entrants
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1.4.2 Bargaining Power of Buyers/Consumers
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1.4.3 Bargaining Power of Suppliers
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION
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2.1 Caliber Type
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2.1.1 Medium
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2.1.2 Large
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2.2 Country
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2.2.1 United Kingdom
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2.2.2 France
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2.2.3 Germany
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2.2.4 Italy
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2.2.5 Russia
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2.2.6 Rest of Europe
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Europe Medium And Large Caliber Ammunition Market Size 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 328.76 million in 2024 and grow at a CAGR of 2.81% to reach USD 377.61 million by 2029.
What is the current Europe Medium And Large Caliber Ammunition Market size?
In 2024, the Europe Medium And Large Caliber Ammunition Market size is expected to reach USD 328.76 million.
