Europe Ammunition Market - Analysis of Growth, Trends Progress and Challenges (2018 - 2023)
There has been a spike in terrorism around the globe especially in the past 2 years. Europe, Africa and Latin America were always prone to violence and terrorist attacks but in recent times , the threat of terrorism has spread rapidly to Europe and North America and the major party responsible for this has been the Islamic State which has replaced the Al-Qaeda as the de-facto numero uno global terrorist organization.
The Europe Ammunition market is expected to grow at a CAGR of 4.65% across the forecst period 2018 - 2023.
The recent terror strikes in Paris and Turkey have shaken the European population, thus there will be a spike in gun ownership in the region as the people there begin to doubts on their safety. Gun Sales will remain strong over the next half decade and will register one of the strongest rates of growth in the region. This growth will be led by the Western Europe where there has been a recent spike in terrorism and violence.
Overall the Ammunition market in Europe will get impressive contribution from Eastern Europe, a region except Russia which has been a laggard due to low defence expenditure in the past, is hiking defence expenditure and many of that expenditure involves upgrade of guns, artillery which are mostly of soviet era in the region.
Due to contributions from all parts of the region, Europe will see solid levels of growth in the Ammunition Market and Russia, Germany and France will be the leading spenders in the region.
Key Players: Rheinmetall Defence, Nexter, General Dynamics Corporation, Remington Arms Company, Magtech Ammunition, Ruag Ammotech, among others.
March, 2018: Australian Defence Force to take delivery of artillery ammunition from Germany’s Rheinmetall, as part of the Land 17 Phase 1C.2 Future Artillery Ammunition project
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