Market Share of Small Caliber Ammunition Industry
The small caliber ammunition market is fragmented due to the presence of several local and global players in the market. Some prominent players in the small caliber ammunition market include CBC Global Ammunition, Northrop Grumman Corporation, General Dynamics Corporation, Nammo AS, and Olin Corporation.
Most countries produce small ammunition through local production capacities and minimal orders given to foreign players to meet specific caliber shortages of ammunition of purpose with military applications. For instance, the Kenya Ordnance Factories Corporation (KOFC) is the local manufacturing company in Kenya that manufactures small-caliber ammunition and related products delivered to Kenyan armed forces, security agencies, and licensed arms dealers. It exported it to allied countries in Africa. The manufacturing facility's capacity is estimated to be at least 20,000 bullets per day.
Similarly, INDUMIL, FAMAE, and Aguila Ammunition are the local manufacturers of small caliber ammunition in Colombia, Chile, and Mexico, respectively, that cater to local demand. NATO members and players in the NATO countries benefit from ammunition demand originating from other NATO members and thus have adequate market presence in the military market. Similarly, In May 2021, India's Ordnance Factory Board (OFB) dispatched 11 million rounds of 5.56x45mm (M193) caliber bullets to the US. This was the first major export order of OFB for small arms ammunition from the US.
Small Caliber Ammunition Market Leaders
Northrop Grumman Corporation
General Dynamics Corporation
Nammo AS
CBC Global Ammunition
Olin Corporation
*Disclaimer: Major Players sorted in no particular order
