The production in the manufacture of weapons and ammunition sector in Germany has witnessed significant changes over the past decade, standing at €4.98 billion in 2023. The sector experienced substantial growth with some year-on-year fluctuations, including sharp increases in 2016 (21%) and 2018 (38.95%). From 2013 to 2023, the sector's Compound Annual Growth Rate (CAGR) has been 6.05%, marking healthy expansion driven by increased demand and geopolitical factors.
In the last two years:
- 2022 saw a 7.94% increase in production value.
- 2023 had a 7.28% rise from the previous year.
Forecasted data from 2024 to 2028 indicates a steady upward trend with a projected 5-year CAGR of 4.49%, anticipating a 24.55% growth over this period. Future trends to watch for include potential regulatory changes, evolving defense budgets, and technological advancements in the industry.
