European Ammunition Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The report covers Ammunition Manufacturers in Europe and the market is segmented by Caliber Size (Small Caliber, Medium Caliber, and Large Caliber), End User (Civilian and Military), and Geography (United Kingdom, France, Germany, Russia, and the Rest of Europe). The report offers market size and forecasts for all the above segments in terms of value in USD billion.

European Ammunition Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Europe Ammunition Market Size

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Europe Ammunition Market Summary
Study Period 2019 - 2030
Base Year For Estimation 2024
Forecast Data Period 2025 - 2030
Historical Data Period 2019 - 2023
CAGR 3.00 %
Market Concentration High

Major Players

Europe Ammunition Market Major Players

*Disclaimer: Major Players sorted in no particular order

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Europe Ammunition Market Analysis

The Europe Ammunition Market is expected to register a CAGR of greater than 3% during the forecast period.

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  • 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 Overview

Due to the high level of technical skill necessary to make military-grade weaponry and ammunition, the European ammunition industry is consolidated, with only a few vendors, manufacturers, and suppliers supplying guns and ammunition in the region. BAE Systems plc, General Dynamics Corporation, Nexter Group, Rostec, and Rheinmetall AG are some of the key players serving the ammunition requirements of the European defense forces.

Europe Ammunition Market Leaders

  1. BAE Systems plc

  2. Rheinmetall AG

  3. General Dynamics Corporation

  4. Nexter Group

  5. ROSTEC

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

  • December 2022: A European NATO customer entered into a contract with Rheinmetall to supply a maximum of 300,000 rounds of 40mm ammunition, consisting of LV (low velocity) and HV (high velocity) variants. The contract includes a first call-off of approximately 75,000 cartridges.
  • January 2022: The German Bundeswehr signed a contract with Rheinmetall AG to modernize its mortar systems and provide 120mm mortar ammunition. The contract is worth approximately EUR 27 million (USD 30 million) and will be completed by 2023.

Europe 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
    • 4.4.5 Intensity of Competitive Rivalry

5. MARKET SEGMENTATION

  • 5.1 Caliber Size
    • 5.1.1 Small Caliber
    • 5.1.2 Medium Caliber
    • 5.1.3 Large Caliber
  • 5.2 End User
    • 5.2.1 Civilian
    • 5.2.2 Military
  • 5.3 Geography
    • 5.3.1 United Kingdom
    • 5.3.2 France
    • 5.3.3 Germany
    • 5.3.4 Russia
    • 5.3.5 Rest of Europe

6. COMPETITIVE LANDSCAPE

  • 6.1 Vendor Market Share
  • 6.2 Company Profiles
    • 6.2.1 Rheinmetall AG
    • 6.2.2 Nexter Group
    • 6.2.3 BAE Systems plc
    • 6.2.4 General Dynamics Corporation
    • 6.2.5 Denel PMP
    • 6.2.6 Saab AB
    • 6.2.7 Elbit Systems Ltd.
    • 6.2.8 ROSTEC
    • 6.2.9 Nammo AS
    • 6.2.10 Heckler & Koch GmbH
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

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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
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Europe Ammunition Market Research 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 (2025-2030)

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.

What years does this Europe Ammunition Market cover?

The report covers the Europe Ammunition Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Europe Ammunition Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Ammunition in Europe Industry Report

Statistics for the 2025 Europe Ammunition market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Europe 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.