{"product_id":"europe-ammunition-market-forecast-to-2028-covid-19-impact-and-regional-analysis-by-product-bullets-aerial-bombs-grenades-artillery-shells-mortars-and-others-application-defense-and-commercial-guidance-guided-and-non-guided-lethality-non","title":"Europe Ammunition Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars, and Others), Application (Defense and Commercial), Guidance (Guided and Non-Guided), Lethality (Non","description":"\u003cp\u003eEurope Ammunition Market Forecast to 2028 – COVID-19 Impact and Regional Analysis – by Product (Bullets, Aerial Bombs, Grenades, Artillery Shells, Mortars, and Others), Application (Defense and Commercial), Guidance (Guided and Non-Guided), Lethality (Non-Lethal and Lethal), and Caliber [Small Caliber Ammunition (5.56mm, 7.62mm, 9mm, 12.7mm, 14.5mm, .45ACP, 338LM, 22LR, .223 Rem, and .308 Winchester), Medium Caliber Ammunition (20mm, 30mm, 40mm, and Others), and Large Caliber Ammunition (60mm, 105mm, 120mm, 150mm, and Others)]    \u003c\/p\u003e\n\n\u003cp\u003eThe ammunition market in Europe is expected to grow from US$ 10,872.26 million in 2022 to US$ 16,333.02 million by 2028. It is estimated to grow at a CAGR of 7.0% from 2022 to 2028.\u003c\/p\u003e\n\n\u003cp\u003eIntroduction of Lightweight Ammunitions\u003c\/p\u003e\n\n\u003cp\u003eThe manufacturers across the ammunition industry have been witnessing a significant rise in the demand for ammunition due to the introduction and high procurement of next-generation firearms being adopted by several customers worldwide. The ammunition market players are majorly focusing on the development of new and innovative ammunitions to replace different traditional brass cartridges. For instance, Nammo, an international aerospace and defense company, is looking for new lightweight materials that could replace brass cartridges that are beneficial for individual soldiers in terms of weight handling and transportation of ammunition boxes. As a result, the company has invested in MAC LLC, which manufactures ammunition for small arms, to continue the research \u0026amp; development of such products. Further, the use of composite materials by missile manufacturers has been witnessed in the past few years, making the missile a lightweight option that can travel up to more range than conventional materials due to its lightweight capabilities.\u003c\/p\u003e\n\n\u003cp\u003eThe ammunition industry is continuously exploring ways to evolve the most common small caliber ammunitions, such as 5.56mm and 7.62mm bullets. As a result, several vendors are focusing on finding ways to use new and advanced materials that provide more strength to the product with lighter weight capabilities. This has a strong impact on reducing the overall operational costs, improving product performance, and gradually addressing environmental concerns. This is expected to cater to rising environmental regulations associated with lead contamination, as every bullet that is fired from a gun also releases some amount of lead into its surroundings. The use of such new materials will provide a potential pathway toward lead-free technology. Such developments are catalyzing the demand for new and innovative ammunition solutions for the end users.\u003c\/p\u003e\n\n\u003cp\u003eMarket Overview\u003c\/p\u003e\n\n\n\n\u003cp\u003eBased on country, the Europe ammunition market is segmented into France, Germany, Italy, the UK, Russia, and the Rest of Europe. Several European countries have been experiencing a significant rise in military expenses, which is propelling the adoption of modernized equipment vessels and ammunition. However, the increased military spending in Central and Western Europe in 2021 reflects a need to combat terrorism. Therefore, participation in peacekeeping operations, prevention of terrorism, efforts to secure trade routes, and soldier modernization programs, which include small arms, medium arms, large arms, and ammunition procurement, are expected to boost the market growth over the forecast period.\u003c\/p\u003e\n\n\u003cp\u003eEuropean countries are procuring artillery and mortar systems to safeguard their borders against illegal trespassing and several forms of trafficking, thereby creating a significant demand for ammunition. According to the 2016 Global Strategy, Europe aims to achieve strategic autonomy by 2025. Therefore, European Union (EU) countries are implementing diverse soldier modernization programs to achieve higher levels of military capability. This has initiated several procurement programs for advanced weapons and compatible ammunition. For instance, in January 2020, the French Ministry of Defense invested US$ 48.4964 in Glock, a weapons manufacturer, for procuring 74,596 units of the fifth generation Glock 17 semi-automatic pistol. The contract also includes provisions for the supply of 51 million 0f ammunition 9x19mm, including 4 million marker training rounds and 2 million subsonic rounds. Further, in June 2019, Defense Materials Organization (DMO), the Dutch procurement agency, extended its partnership agreement with Rheinmetall AG for supplying of ammunition until 2030 for the weapon system. The emergence of smart munitions has fundamentally disrupted the demand for traditional munitions as many countries are focused on adopting smart dual-use weapons. Such a rise in demand to adopt of ammunition and weapon system contributes to the growth of the Europe ammunition market.\u003c\/p\u003e\n\n\u003cp\u003eEurope Ammunition Market Revenue and Forecast to 2028 (US$ Million)\u003c\/p\u003e\n\n\u003cp\u003eEurope Ammunition Market Segmentation\u003c\/p\u003e\n\n\u003cp\u003eThe Europe ammunition market is segmented into product, application, guidance, lethality, caliber, and country.\u003c\/p\u003e\n\n\u003cp\u003eThe Europe ammunition market, by product type, is segmented into bullets, aerial bombs, grenades, artillery shells, mortars, and others. In 2021, the aerial bombs segment dominated market.\u003c\/p\u003e\n\n\u003cp\u003eThe ammunition market by application is segmented into defense and commercial. In 2021, the defense segment dominated the Europe ammunition market.\u003c\/p\u003e\n\n\u003cp\u003eThe Europe ammunition market, by guidance, is segmented into guided and non-guided. In 2021, the guided segment held a larger market share in 2021.\u003c\/p\u003e\n\n\u003cp\u003eThe Europe ammunition market by lethality is segmented into non-lethal and lethal. In 2021, the lethal segment held a larger market share in 2021.\u003c\/p\u003e\n\n\u003cp\u003eThe Europe ammunition market, by caliber, is segmented into small caliber ammunitions, medium caliber ammunitions, and large caliber ammunitions. In 2021, the large caliber ammunitions segment held the largest market share in 2021.\u003c\/p\u003e\n\n\u003cp\u003eBased on country, the market is segmented into France, Germany, Italy, UK, Russia, and the Rest of Europe. Russia dominated the market in 2021.\u003c\/p\u003e\n\n\u003cp\u003eBAE Systems, Elbit Systems Ltd, NAMMO AS, Northrop Grumman Corporation, Raytheon Technologies Corporation, Rheinmetall AG, RUAG Group, Thales Group, and Vista Outdoor Operations LLC are the leading companies operating in the ammunition market in the region.\u003c\/p\u003e \n\n\u003cp\u003eReasons to Buy\u003c\/p\u003e\n\n\u003cp\u003eSave and reduce time carrying out entry-level research by identifying the growth, size, leading players and segments in the Europe ammunition market \u003cbr\u003e\nHighlights key business priorities in order to assist companies to realign their business strategies \u003cbr\u003e\nThe key findings and recommendations highlight crucial progressive industry trends in the Europe ammunition market, thereby allowing players across the value chain to develop effective long-term strategies \u003cbr\u003e\nDevelop\/modify business expansion plans by using substantial growth offering developed and emerging markets \u003cbr\u003e\nScrutinize in-depth Europe market trends and outlook coupled with the factors driving the ammunition market, as well as those hindering it \u003cbr\u003e\nEnhance the decision-making process by understanding the strategies that underpin commercial interest with respect to client products, segmentation, pricing and distribution\u003c\/p\u003e","brand":"Public Sector","offers":[{"title":"November, 2022 \/ 200 Pages \/ MCW16266694","offer_id":47700139376946,"sku":null,"price":3600.0,"currency_code":"USD","in_stock":true}],"url":"https:\/\/www.hardmanwell.com\/products\/europe-ammunition-market-forecast-to-2028-covid-19-impact-and-regional-analysis-by-product-bullets-aerial-bombs-grenades-artillery-shells-mortars-and-others-application-defense-and-commercial-guidance-guided-and-non-guided-lethality-non","provider":"HARDMAN AND WELL MANAGEMENT CONSULTANCIES L.L.C","version":"1.0","type":"link"}