Weapon & Ammunition Manufacturing in the UK - Market Research Report (2014-2029)

Low ammunition: Revenue growth is constrained by falling lead prices

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

The lion's share of demand for weapons and ammunition manufactured by UK companies comes from the UK Defence sector and allied militaries. Therefore, domestic and international defence budgets are the primary driver of revenue, typically increasing during geopolitical tension and conflict. Over the five years through 2023-24, weapon and ammunition manufacturers' revenue is forecast to grow at a compound annual rate of 2.1% to reach £3.6 billion, including a projected growth of 3.9% in 2023-24. Between 2011 and 2020, the Middle East was the main export destination for UK arms sales, followed by North America, according to the UK Defence and Security Export Statistics.

Companies in the Weapon and Ammunition Manufacturing industry manufacture heavy weapons; small arms; air and gas guns and pistols; and war ammunition, including hunting firearms and explosive devices.