Military Segment to Dominate Europe Small Caliber Ammunition Market during 2021-2028
According to this research study titled “Europe Small Caliber Ammunition Market to 2028 - COVID-19 Impact and Regional Analysis and Forecast by Ammunition Size, End User, and Gun Type,” the market is expected to reach US$ 2,552.42 million by 2028 from US$ 1,487.05 million in 2021. The market is estimated to grow at a CAGR of 8.0% from 2021 to 2028. The report provides trends prevailing in the Europe small caliber ammunition market along with the drivers and restraints pertaining to the market growth. Mounting need of modernizing military operations with rapid changes in warfare and surging investments by homeland security and law enforcement departments are the major factor driving the growth of the Europe small caliber ammunition market. However, stiff regulations related to procurement and sales of ammunition hinders the growth of Europe small caliber ammunition market.
In case of COVID-19, Europe is highly affected specially Russia. Europe is on the verge of a recession due to the COVID-19 pandemic, which will dwarf the economic downturn that followed the 2008 financial crisis. The consequences for national defense sectors could be disastrous. However, because the crisis and response are still in their early stages, governments can reduce the impact on defense. EU and NATO member states must act jointly and decisively to protect political and defense priorities. Defense spending in European countries will be around US$ 2.88 billion in 2021, according to a defense intelligence firm, janes.com, down by 0.97% from 2020. The United Kingdom, France, and Germany each contribute up to 50% of their total defense spending to the European Union (EU). Due to the impact of COVID-19, these countries were forced to reduce their military spending, resulting in a reduction in the European defense sector.
The Europe small caliber ammunition market is segmented on the bases of ammunition size, end user, gun type, and country. Based on ammunition size, the market is segmented into 5.56mm, 7.62mm, 9mm, 12.7mm, 14.5mm, 45ACP, .338 LM, .22LR, 223 rem, and .308 Winchester. The 9mm segment dominated the Europe small caliber ammunition market in 2020 and 7.62mm segment is expected to be fastest growing during forecast period. In terms of end user, the Europe small caliber ammunition market is segmented into military, homeland security, and law enforcement agencies. The military segment dominated the Europe small caliber ammunition market in 2020 and homeland security segment is expected to be fastest growing during forecast period. Based on gun type, the market is segmented into pistols, rifles, and shot guns. The pistols segment dominated the Europe small caliber ammunition market in 2020 and rifles segment is expected to be fastest growing during forecast period.
BAE Systems Plc, CBC Global Ammunition, Denel PMP, Elbit Systems Ltd., FN HERSTAL, NAMMO AS, and Northrop Grumman Corporation are among the leading companies in the Europe small caliber ammunition market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Nammo has signed a contract with the Swedish Defence Materiel Administration for the delivery of small-caliber ammunition worth SEK 670 million. As per the agreement the company will supply small-caliber ammunition till 2022.
The Report Segments the Europe Small Caliber Ammunition Market as Follows:
Europe Small Caliber Ammunition Market - By Ammunition Size
Europe Small Caliber Ammunition Market - By End User
Europe Small Caliber Ammunition Market - By Gun Type
Europe Small Caliber Ammunition Market - By Country
In case of COVID-19, Europe is highly affected specially Russia. Europe is on the verge of a recession due to the COVID-19 pandemic, which will dwarf the economic downturn that followed the 2008 financial crisis. The consequences for national defense sectors could be disastrous. However, because the crisis and response are still in their early stages, governments can reduce the impact on defense. EU and NATO member states must act jointly and decisively to protect political and defense priorities. Defense spending in European countries will be around US$ 2.88 billion in 2021, according to a defense intelligence firm, janes.com, down by 0.97% from 2020. The United Kingdom, France, and Germany each contribute up to 50% of their total defense spending to the European Union (EU). Due to the impact of COVID-19, these countries were forced to reduce their military spending, resulting in a reduction in the European defense sector.
The Europe small caliber ammunition market is segmented on the bases of ammunition size, end user, gun type, and country. Based on ammunition size, the market is segmented into 5.56mm, 7.62mm, 9mm, 12.7mm, 14.5mm, 45ACP, .338 LM, .22LR, 223 rem, and .308 Winchester. The 9mm segment dominated the Europe small caliber ammunition market in 2020 and 7.62mm segment is expected to be fastest growing during forecast period. In terms of end user, the Europe small caliber ammunition market is segmented into military, homeland security, and law enforcement agencies. The military segment dominated the Europe small caliber ammunition market in 2020 and homeland security segment is expected to be fastest growing during forecast period. Based on gun type, the market is segmented into pistols, rifles, and shot guns. The pistols segment dominated the Europe small caliber ammunition market in 2020 and rifles segment is expected to be fastest growing during forecast period.
BAE Systems Plc, CBC Global Ammunition, Denel PMP, Elbit Systems Ltd., FN HERSTAL, NAMMO AS, and Northrop Grumman Corporation are among the leading companies in the Europe small caliber ammunition market. The companies are focused on adopting organic growth strategies such as product launches and expansions to sustain their position in the dynamic market. For instance, in 2020, Nammo has signed a contract with the Swedish Defence Materiel Administration for the delivery of small-caliber ammunition worth SEK 670 million. As per the agreement the company will supply small-caliber ammunition till 2022.
The Report Segments the Europe Small Caliber Ammunition Market as Follows:
Europe Small Caliber Ammunition Market - By Ammunition Size
- 5.56mm
- 7.62mm
- 9mm
- 12.7mm
- 14.5mm
- 45ACP
- .338mm
- .22LR
- 223 REM
- .308 Winchester
Europe Small Caliber Ammunition Market - By End User
- Military
- Homeland Security
- Law Enforcement Agencies
Europe Small Caliber Ammunition Market - By Gun Type
- Pistols
- Rifles
- Shot Guns
Europe Small Caliber Ammunition Market - By Country
- France
- Germany
- Italy
- UK
- Russia
- Rest of Europe
Table of Contents
1. Introduction
3. Research Methodology
4. Europe Small Caliber Ammunition Market Landscape
5. Europe Small Caliber Ammunition Market - Key Market Dynamics
6. Small Caliber Ammunition Market - Europe Analysis
7. Europe Small Caliber Ammunition Market Revenue and Forecast to 2028 - By Ammunition Size
8. Europe Small Caliber Ammunition Market Analysis and Forecast to 2028 - By End User
9. Europe Small Caliber Ammunition Market Analysis and Forecast to 2028 - By Gun Type
10. Europe Small Caliber Ammunition Market - Country Analysis
11. Europe Small Caliber Ammunition Market - COVID-19 Impact Analysis
12. Industry Landscape
13. Company Profiles
14. Appendix
List of Tables
List of Figures
Companies Mentioned
- BAE Systems Plc
- CBC Global Ammunition
- Denel PMP
- Elbit Systems Ltd.
- FN HERSTAL
- NAMMO AS
- Northrop Grumman Corporation
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 130 |
| Published | June 2021 |
| Forecast Period | 2021 - 2028 |
| Estimated Market Value ( USD | $ 1487.05 Million |
| Forecasted Market Value ( USD | $ 2552.42 Million |
| Compound Annual Growth Rate | 8.0% |
| Regions Covered | Europe |
| No. of Companies Mentioned | 7 |
