Analysing the US Guns and Ammunition Market: Size, Trends, Growth, and Forecast

Business Jan 23, 2025 4 Add to Reading List

MarkNtel Advisors analyses the growth rate of the US Guns and Ammunition market in the forecast period from 2024 to 2030. In addition to comprehensive market insights such as market value, growth rate, market segmentation, key market players, and market dynamic. This detailed analysis aims to provide valuable information for stakeholders in the US Guns and Ammunition market, helping them make informed decisions.

Market Outlook – 2024-2030:

The US Guns and Ammunition Market is estimated to grow at a CAGR of around 2.3% during the forecast period, i.e., 2024-30. The surge in demand for guns & ammunition stems from a heightened awareness of personal safety and a growing desire for self-defense in the US. Concerns regarding rising crime rates, home invasions, and instances of violence have fostered a sense of vulnerability, prompting individuals to seek means of self-protection. This heightened demand has been further intensified by the impact of the COVID-19 pandemic & civil unrest, which contributed to an increased focus on personal safety & self-defense. This turned into the higher adoption of guns & ammunition in the country during 2019-2023.

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Key Company Profiles

This report explores recent significant developments in the US Guns and Ammunition Market, focusing on the leading companies and their innovative profiles. The major players in the US Guns and Ammunition Market, featured in this report, include:

Sig Sauer
Smith & Wesson
Sturm, Ruger & Co., Inc.
Taurus International Manufacturing Inc.
Springfield Armory
Ammo Inc.
Federal Ammunition
Hornady
FN Herstal
Black Hills Ammunition
Others

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Market Segmentation & Coverage

This research report by MarkNtel Advisors categorizes the US Guns and Ammunition Market to forecast revenues and analyse trends across each of the following sub-markets:

By Type
- Guns- Market Size & Forecast 2019-2030, USD Million
- Ammunition-Market Size & Forecast 2019-2030, USD Million
By Lethality
- Non-Lethal-Market Size & Forecast 2019-2030, USD Million
- Lethal- Market Size & Forecast 2019-2030, USD Million

Lethal Weapons is anticipated to capture a significant share of the US Guns and Ammunition Market in the projected years.

By Application
- Defense- Market Size & Forecast 2019-2030, USD Million
  - Military Operation
  - Law Enforcement
- Security Services- Market Size & Forecast 2019-2030, USD Million
  - Close Protection Services
  - Event Security
  - Secure Transportation
  - Others (Industrial Security, Private Investigation, etc.)
- Civilians- Market Size & Forecast 2019-2030, USD Million
  - Self Defense
  - Sport Shooting
  - Hunting

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What are the primary factors driving the growth of the US Guns and Ammunition Market?

Surge in Military Spending to Accelerate the Market Growth – In recent years, the US has seen a notable increase in defense spending due to factors like the Russia-Ukraine conflict and geopolitical uncertainties in the Middle East. The decision by the US government to offer military assistance to Ukraine has played a crucial role in the increase, ensuring global stability. Substantial financial aid and support have been directed towards reinforcing the Ukrainian military. According to the Stockholm International Peace Research Institute (SIPRI), US defense spending witnessed a substantial increase of approximately USD71 billion from 2021 to 2022. As a result, there is a heightened demand for firearms and ammunition within the country's defense sector, contributing to the expansion of the US Guns and Ammunition Market.

Key Questions Addressed:

Market Size and Growth Projections: What is the current size of the market, and how is it expected to grow?
Investment Opportunities: Which products, segments, and regions present the most attractive investment opportunities?
Technology Trends and Regulatory Influences: What are the prevailing technology trends and regulatory factors influencing the market?
Competitive Ranking: How do top vendors rank regarding market share and competitive positioning?
Revenue Sources and Strategic Opportunities: What revenue sources and strategic opportunities guide vendors' market entry or exit decisions?

About Us:

We are a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.

We have our existence across the market for many years and have conducted multi-industry research across 80+ countries, spreading our reach across numerous regions like America, Asia-Pacific, Europe, the Middle East & Africa, etc., and many countries across the regional scale, namely, the US, India, the Netherlands, Saudi Arabia, the UAE, Brazil, and several others.