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Weapon & Ammunition Manufacturing in Belgium - Market Size, Industry Analysis, Trends and Forecasts (2024-2029)

BE-C252 August 2024 Factsheet

Revenue

€686.2m

2019-2024 9.7 %
2024-2029 X.X %

Employees

2,984

2019-2024 6.2 %
2024-2029 X.X %

Businesses

17

2019-2024 5.0 %
2024-2029 X.X %

Wages

€XXX.Xm

2019-2024 X.X %
2024-2029 X.X %

Weapon & Ammunition Manufacturing in Belgium market size outlook

Total value and annual change from from 2014-2029. Includes 5-year outlook.

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About Factsheets

Industry Statistics and Rankings

How does this industry perform in Belgium compared to Europe?

Country Benchmarking

Industry Data Belgium

Ranking are out of 37 European countries for which IBISWorld provides country-level factsheets.

Revenue
#11 In Europe
Business
#16 In Europe
Employees
#13 In Europe
Wages
#10 In Europe

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The majority of demand for weapons and ammunition manufactured by European companies comes from the European defence sector and allied militaries like the US. Domestic and international defence budgets are the primary driver of revenue, typically increasing during geopolitical tension and conflict. Yet, the industry faces intense global competition from US manufacturers, which produce the lion's share of ammunition and weapons globally. Imports increased strongly over the past few years, totalling €4.6 billion in 2024, as the Russia-Ukraine conflict encouraged a flood of US weapon and ammunition imports to assist Ukraine with the war effort.

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Enterprises
Number of businesses in 2024

Biggest companies in the Weapon & Ammunition Manufacturing in Belgium

Company
Market Share (%)
2024
Revenue (€m)
2024
Profit (€m)
2024
Profit Margin (%)
2024
Thales SA
18,011.0
1,953.0
10.8
Rostec State Corporation
24,179.9
446.2
1.8

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Top Questions Answered in this Report

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What is the market size of the Weapon & Ammunition Manufacturing industry in Belgium in 2024?

The market size of the Weapon & Ammunition Manufacturing industry in Belgium is €686.2m in 2024.

How many businesses are there in the Weapon & Ammunition Manufacturing in Belgium industry in 2024?

There are 17 businesses in the Weapon & Ammunition Manufacturing industry in Belgium, which has declined at a CAGR of 5.0 % between 2019 and 2024.

Has the Weapon & Ammunition Manufacturing industry in Belgium grown or declined over the past 5 years?

The market size of the Weapon & Ammunition Manufacturing industry in Belgium has been declining at a CAGR of 9.7 % between 2019 and 2024.

What is the forecast growth of the Weapon & Ammunition Manufacturing industry in Belgium over the next 5 years?

Over the next five years, the Weapon & Ammunition Manufacturing industry in Belgium is expected to grow.

What are the biggest companies in the Weapon & Ammunition Manufacturing market in Belgium?

The biggest companies operating in the Weapon & Ammunition Manufacturing market in Belgium are Thales SA and Rostec State Corporation

What does the Weapon & Ammunition Manufacturing in Belgium include?

Heavy-arms weapons & ammunition and Small-arm weapons & ammunition are part of the Weapon & Ammunition Manufacturing industry.

Which companies have the highest market share in the Weapon & Ammunition Manufacturing in Belgium?

The company holding the most market share in Belgium is Thales SA.

How competitive is the Weapon & Ammunition Manufacturing industry in Belgium?

The level of competition is moderate and decreasing in the Weapon & Ammunition Manufacturing industry in Belgium.

Related Industries

This industry is covered in 37 countries

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Table of Contents

About this industry

Industry definition

Companies in the Weapon and Ammunition Manufacturing industry manufacture heavy weapons, small arms, air and gas guns, pistols and war ammunition, including hunting firearms and explosive devices like bombs, grenades, guided missiles, mortars and torpedoes.

Related Terms

AMMUNITION ARTILLERY Torpedo

What's included in this industry?

Heavy-arms weapons & ammunitionSmall-arm weapons & ammunition

Companies

Thales SARostec State Corporation

Industry Code

ISIC 2006

252 - Manufacture of weapons and ammunition in Belgium

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Performance

Revenue Highlights

Trends
  • Revenue
  • 2024 Revenue CAGR
  • Revenue Volatility

Employment Highlights

Trends
  • Employees
  • Employees per Business
  • Revenue per Employee

Business Highlights

Trends
  • Businesses
  • Employees per Business
  • Revenue per Business

Profit Highlights

Trends
  • Total Profit
  • Profit Margin
  • Profit per Business

Current Performance

Charts
  • Revenue
  • Employees
  • Business
  • Profit
Analysis

What's driving current industry performance in the Weapon & Ammunition Manufacturing in Belgium industry?


Outlook

Analysis

What's driving the Weapon & Ammunition Manufacturing in Belgium industry outlook?


Volatility

Analysis

What influences volatility in the Weapon & Ammunition Manufacturing in Belgium industry?

Charts
  • Industry Volatility vs. Revenue Growth Matrix

Life Cycle

Analysis

What determines the industry life cycle stage in the Weapon & Ammunition Manufacturing in Belgium industry?

Charts
  • Industry Life Cycle Matrix

Products and Markets

Highlights

Trends
  • Largest Market
  • Product Innovation

Key Takeaways

Geopolitical conflict boosts demand for heavy-arm weapons & ammunition. The ongoing Russia-Ukraine war has increased demand for heavy weapons and ammunition manufacturing. The UK has donated anti-tank missiles, artillery guns and air defence systems to Ukraine since its invasion.

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Products and Services

Charts
  • Products and Services Segmentation
Analysis

How are the Weapon & Ammunition Manufacturing in Belgium industry's products and services performing?

Analysis

What are innovations in the Weapon & Ammunition Manufacturing in Belgium industry's products and services?


Major Markets

Charts
  • Major Market Segmentation
Analysis

What influences demand in the Weapon & Ammunition Manufacturing in Belgium industry?


International Trade

Highlights

  • Total Imports into Belgium
  • Total Exports into Belgium
Heat maps
  • Industry Concentration of Imports by Country
  • Industry Concentration of Exports by Country
Data Tables

Value and annual change (%) included

  • Number of Imports and Exports by European Country (2024)

Competitive Forces

Highlights

Trends
  • Concentration
  • Competition
  • Barriers to Entry
  • Substitutes
  • Buyer Power
  • Supplier Power

Key Takeaways

Manufacturers primarily compete on price and quality. They also compete against each other on product range and compatibility with existing weapon systems. To remain competitive, weapons manufacturers continuously adapt their products to the latest technology and strategic needs.

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Supply Chain

Charts

Buyer and supply industries

Geographic Breakdown

Business Locations

Heat maps
  • Share of Total Industry Establishments by Region (2024)
Data Tables
  • Number of Establishments by Region (2024)
Charts
  • Share of Establishments vs. Population of Each Region
Analysis

What regions are businesses in the Weapon & Ammunition Manufacturing in Belgium located?

Companies

Data Tables

Top 2 companies by market share:

  • Market share (2024)
  • Revenue (2024)
  • Profit (2024)
  • Profit margin (2024)

External Environment

Highlights

Trends
  • Regulation & Policy
  • Assistance

Key Takeaways

Manufacturers must abide by export laws and International Arms Control Treaties. Many European governments have signed up to various international arms control treaties like the Arms Trade Treaty, which influences export decisions and reporting obligations.

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External Drivers

Analysis

What demographic and macroeconomic factors impact the Weapon & Ammunition Manufacturing in Belgium industry?

Financial Benchmarks

Highlights

Trends
  • Profit Margin
  • Average Wage
  • Largest Cost

Key Takeaways

Long-term contracts and relationships help stabilise profitability. Many European-based manufacturers are well-established institutions with a long history of fulfilling contracts for their national defence industry and other international governments.

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Cost Structure

Charts
  • Share of Economy vs. Investment Matrix
  • Industry Cost Structure Benchmarks:
    • Marketing
    • Depreciation
    • Profit
    • Purchases
    • Wages
    • Rent
    • Utilities
    • Other
Analysis

What trends impact cost in the Weapon & Ammunition Manufacturing in Belgium industry?


Key Ratios

Data tables
  • IVA/Revenue (2014-2029)
  • Imports/Demand (2014-2029)
  • Exports/Revenue (2014-2029)
  • Revenue per Employee (2014-2029)
  • Wages/Revenue (2014-2029)
  • Employees per Establishment (2014-2029)
  • Average Wage (2014-2029)

Country Benchmarks

European Leaders & Laggards

Data Tables

Top and boottom five countries listed for each:

  • Revenue Growth (2024)
  • Business Growth (2024)
  • Job Growth (2024)

European Country Performance

Data Tables

Rankings available for 37 countries. Statistics ranked include:

  • IVA/Revenue (2024)
  • Imports/Demand (2024)
  • Exports/Revenue (2024)
  • Revenue per Employee (2024)
  • Wages/Revenue (2024)
  • Employees per Establishment (2024)
  • Average Wage (2024)

Structural Comparison

Data Tables

Trends in 37 countries benchmarked against trends in Europe

  • Concentration
  • Competition
  • Barriers to Entry
  • Buyer Power
  • Supplier Power
  • Volatility
  • Capital Intensity
  • Innovation
  • Life Cycle

Key Statistics

Industry Data

Data Tables

Including values and annual change:

  • Revenue (2014-2029)
  • IVA (2014-2029)
  • Establishments (2014-2029)
  • Enterprises (2014-2029)
  • Employment (2014-2029)
  • Exports (2014-2029)
  • Imports (2014-2029)
  • Wages (2014-2029)

Methodology

Where does IBISWorld source its data?

IBISWorld is a world-leading provider of business information, with reports on 5,000+ industries in Australia, New Zealand, North America, Europe and China. Our expert industry analysts start with official, verified and publicly available sources of data to build an accurate picture of each industry.

Each industry report incorporates data and research from government databases, industry-specific sources, industry contacts, and IBISWorld's proprietary database of statistics and analysis to provide balanced, independent and accurate insights. 

IBISWorld prides itself on being a trusted, independent source of data, with over 50 years of experience building and maintaining rich datasets and forecasting tools.

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