In 2023, the turnover in the manufacture of weapons and ammunition sector in Germany stood at 5.72 billion Euros. The forecasted data shows a year-on-year increase as follows:
2024: 6.14 billion Euros (+7.34% YoY from 2023)
2025: 6.56 billion Euros (+6.84% YoY from 2024)
2026: 6.99 billion Euros (+6.55% YoY from 2025)
2027: 7.4 billion Euros (+5.86% YoY from 2026)
2028: 7.82 billion Euros (+5.68% YoY from 2027)
The compound annual growth rate (CAGR) from 2024 to 2028 is 6.85%, indicating a steady growth in the sector over this period.
Future trends to watch for include increased governmental defense spending, geopolitical tensions influencing higher demand for weapons and ammunition, and technological advancements in defense manufacturing that could drive innovation and efficiency in production.
