Germany Ammunition Market Report and Forecast 2024-2032

Germany Ammunition Market Outlook

The Germany ammunition market size reached USD 703.42 million in 2023. The market is expected to grow at a CAGR of 4.01% between 2024 and 2032, reaching USD 997.82 million by 2032.

Key Takeaways:

• The World Bank reports Germany's 2022 military spending grew by 1.4% in 2022, driving the Germany ammunition market.

• In 2020, Germany had 183,000 Armed Forces personnel, fuelling the need for ammunition, as per the World Bank.

• Werk Niedersachsen, producing artillery ammunition, and explosives, aims for Germany's self-sufficient artillery ammunition supply.

Rimfire ammunition drives the Germany ammunition market growth due to its affordability, making it the best choice for target shooting, training, and plinking

Rimfire cartridges are ideal for novices and shooters favouring less kick. They are smaller and significantly lighter due to their low pressure, making them ideal to use. They excel in small hunting games, basic firearm training, and target shooting due to small calibres such as. 22 calibre (5.5 mm) or smaller.

In February 2024, Rheinmetall bolstered Germany's security, building a new factory at its Unterlüß site in Lower Saxony. The move targeted to improve self-reliance in ammunition manufacturing, with plans for 200,000 shells, 1,900 tonnes of explosives, rocket engines, warheads, a €300 million financing, and 500 new jobs.

Centrefire cartridges vaunt higher power with better velocity, energy, and range, which is best for long-distance shooting. It is available in different calibres from small handguns to rifle cartridges, serving various shooting demands. It is cost-saving as it provides reloading for enthusiastic shooters.

Market Segmentation

Germany Ammunition Market Report and Forecast 2024-2032 offers a detailed analysis of the market based on the following segments:

Market Breakup by Caliber

• Small Caliber

• Medium Caliber

• Large Caliber

• Rockets and Missiles

• Others

Market Breakup by Product Type

• Rimfire

• Centrefire

Market Breakup by Application

• Civil and Commercial

• Defence

Market Breakup by Region

• North Rhine-Westphalia

• Bavaria

• Baden-Württemberg

The Germany ammunition market key players are Northrop Grumman Corp., Rheinmetall AG, Sierra Bullets, Hornady Manufacturing, Inc., CBC Global Ammunition, Beretta Holding S.A. (RUAG Ammotec AG), Nammo AS, SIG SAUER, Inc., Vista Outdoor Inc. (Federal Ammunition), and Saab AB among others.

Key Highlights of the Report