MarkNtel Advisors, a leading market research and consulting firm, has announced the release of its latest study titled US Guns and Ammunition Market Research Report: Forecast (2024–2030). This report provides a detailed assessment of the US Guns and Ammunition, covering its evolving dynamics, emerging trends, key growth drivers, major challenges, and competitive landscape.
Designed to guide investors, stakeholders, and business leaders, the research aims to deliver valuable insights for strategic planning, risk assessment, and investment decision-making in the years ahead.
Market Timeline Overview
- Historical Years: 2019–22
- Base Year: 2023
- Forecast Years: 2024–30
This helps businesses identify emerging opportunities, assess market risks, and develop data-driven strategies for long-term success.
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US Guns and Ammunition Market Outlook
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.
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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US Guns and Ammunition Market Trends:
Introduction of Smart Gun is a Major Trend in the Market – The major gun and ammunition manufacturers, such as BioFire, Ammo Inc., FN Herstal, etc., are introducing smart technologies like biometric recognition or RFID technology in their guns and ammunition. For instance, in 2023, Biofire developed ‘smart guns’ that use biometric identification, which would only allow authorized persons to fire.
US Guns and Ammunition Market Segmentation
The study categorizes the US Guns and Ammunition into various segments and sub-segments, each analyzed for its size, growth potential, and contribution to the overall industry.
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.
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Leading Companies in US Guns and Ammunition Market Worldwide: Players, Analysis & Future Outlook
- Sig Sauer
- Smith & Wesson
- Sturm, Ruger & Co., Inc.
- Taurus International Manufacturing Inc.
- Springfield Armory
- Ammo Inc.
- Federal Ammunition
- Hornady
- FN Herstal
- Black Hills Ammunition
Key Highlights of the Report
- Comprehensive Market Overview: In-depth analysis of market size, share, and forecasts from 2024 to 2030.
- Growth Drivers & Challenges: Clear insights into factors feeling or restraining market expansion.
- Investment & Regulatory Insights: Evaluation of key policies, funding trends, and collaborations influencing industry performance.
- Competitive Landscape: Detailed profiles of leading companies, including product portfolios, business strategies, financials, and recent developments such as mergers & acquisitions.
Analytical Tools: Application of SWOT Analysis, PESTEL Analysis, and Porter’s Five Forces Model to assess competition and external influences
Browse through our flexible pricing plans and choose the package that best fits your business needs whether you require a single-user license, corporate access, or customized insights. Once you select the plan that suits your requirements, you can purchase and instantly access the full report online – https://www.marknteladvisors.com/pricing/us-guns-ammunition-market.html
Frequently Asked Questions (FAQ)
- What is the projected growth rate of the US Guns and Ammunition?
2. What are the major factors driving this market’s growth?
3. Which regions are expected to lead the US Guns and Ammunition?
4. Who are the prominent players in the US Guns and Ammunition?
5. How is the competition structured in this market?
6. How can I access the full report?
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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