As per MarkNtel Advisors 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-defence. This turned into the higher adoption of guns & ammunition in the country during 2019-2023.

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The US Guns and Ammunition Market Systems Market Segmentation:

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

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

The US Guns and Ammunition Market Recent Development:

• 2023: Sig Sauer declared to expand its pistol range with P322-COMP, an enhanced version of its P322 model.
• 2023: FN Herstal planned to build an arms plant worth USD33 million in Liberty Town. The plant is expected to break ground in 2024 and start operations in 2025.

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The US Guns and Ammunition Market Drivers:

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.

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Report Highlights Essential Insights for Strategic Decision-Making

• Detailed market size, share, and forecast analysis
  • In-depth pricing trends and segment-wise cost evaluations
  • Key industry strategies, including innovation, partnerships, and acquisitions
  • Critical value chain analysis and stakeholder profiling
  • Regional import-export market insights and trade flow assessment
  • Thorough competitive benchmarking of top hearing aid manufacturers
  • Identification of new growth opportunities and niche market segments
  • Overview of market trends, drivers, and challenges shaping future demand

Some of the leading players in the The US Guns and Ammunition Market are:

• 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

Research Methodology Summary

A systematic approach is used to ensure accurate market insights, combining both bottom-up and top-down methods. Data triangulation validates findings from multiple angles.

Key Steps:

• Define objectives and research design
• Collect data through surveys and interviews
• Analyze and validate data using reliable tools
• Forecast trends and deliver actionable insights

About us:

MarkNtel Advisors is a trusted market research and consulting firm with deep expertise in the aerospace and defense industry, covering space exploration, aircraft equipment, armed vehicles, avionics, and security & surveillance technologies. With a global presence across 80+ markets, we empower OEMs, defense contractors, and policymakers with actionable insights on modernization programs and technological innovation. Through our Consulting Services, we translate data into strategies that strengthen competitiveness, ensure operational readiness, and support informed decision-making within rapidly evolving global defense ecosystems.

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