In 2023, Bulgaria led the European market in weapons and ammunition hours worked at 27.412 million hours, despite a slight decline of 2.38%. The UK and Germany follow at 23.781 million and 23.674 million hours, experiencing a -1.13% and 2.63% change respectively. Italy (9.0994 million, -1.6%) and Sweden (8.8235 million, 15.43%) also hold significant shares. While Norway (5.0323 million) and Finland (0.93643 million) saw growth at 1.58% and 2.46%, Latvia (0.05324 million) and Cyprus (0.03302 million) remain minimal contributors despite increases. Bosnia and Herzegovina notably grew by 6.81%, reaching 4.882 million hours.
Future trends to watch in the European weapons and ammunition sector include potential fluctuations due to geopolitical tensions, shifts in defense budgets, and technological advancements. Countries like Sweden with robust growth and Germany with consistent increases could see further gains, while nations with minor contributions or declines may continue to adjust their strategic focuses.
Top countries in Weapons and Ammunition Hours Worked by Country
| # | 10 Countries | Hours | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Bulgaria | 27,412,000 | 2023 | +3.03% | -2.38% | View data |
| 2 | 2 United Kingdom | 23,781,000 | 2023 | -2.52% | -1.13% | View data |
| 3 | 3 Germany | 23,674,000 | 2023 | +1.97% | +2.63% | View data |
| 4 | 4 Italy | 9,099,400 | 2023 | -1.32% | -1.6% | View data |
| 5 | 5 Sweden | 8,823,500 | 2023 | +10.03% | +15.43% | View data |
| 6 | 6 Czech Republic | 5,958,000 | 2023 | -4.72% | -3.74% | View data |
| 7 | 7 Norway | 5,032,300 | 2023 | +0.67% | +1.58% | View data |
| 8 | 8 Bosnia and Herzegovina | 4,882,000 | 2023 | +6.19% | +6.81% | View data |
| 9 | 9 Spain | 4,099,100 | 2023 | +6.45% | +0.12% | View data |
| 10 | 10 Austria | 3,560,900 | 2023 | +3.86% | +3.91% | View data |
