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Europe Medium Caliber Ammunition Market Forecast 2020-2028

KEY FINDINGS
The Europe medium caliber ammunition market is projected to register a CAGR of 1.70% during the forecast period, 2020-2028. The increasing terror threats in European regions like Paris is leading to the implementation of several initiatives like homeland security enhancement. There has also been a gradual rise in the defense expenditure in the European region. Also, the number of companies that prioritize medium caliber ammunition manufacturing is increasing in the region. Such factors are expected to drive market growth.

MARKET INSIGHTS
The countries assessed for growth analysis of the Europe medium caliber ammunition market are France, Italy, Russia, Poland, Belgium, the United Kingdom, Germany, and the rest of Europe. Germany has increased its defense budget, along with the plans for digitization and modernization of military equipment. The replacement of the aging fleet of Tornado aircraft of the German Air Force is part of one such modernization plan. The delivery of fighter jets as part of various initiatives, along with the deliveries of new aircraft, is estimated to impact the demands for medium caliber ammunition in the country, along with the presence of companies like Rheinmetall. The rise in military expenditure in Russia is expected to result in the modernization of the air force, navy, and army. The modernization is also boosted by growing domestic production levels of weapons and equipment. The country is considered to be the second-largest exporter of arms and ammunition in the world, given its robust domestic manufacturing capabilities. Such factors are set to influence the growth of the market studied.

COMPETITIVE INSIGHTS
Nexter Group KNDS, CBC Europe Ammunition, Mesko SA, Multinational Defense Services Llc, Europe Ordnance, etc. are some of the eminent companies registering their presence in the market.

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Europe Medium Caliber Ammunition Market Forecast 2020-2028
Published By :Inkwood Research
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