Guns & Ammunition Manufacturing in the US - Market Research Report (2014-2029)

Another round: Exports are expected to rebound, making US-made guns and ammunition more affordable to foreign markets

This report covers the scope, size, disposition and growth of the industry including the key sensitivities and success factors. Also included are five year industry forecasts, growth rates and an analysis of the industry key players and their market shares.

Companies in this industry range from small arms manufacturers to large multibillion-dollar defense contractors, with many companies servicing both the civilian and military markets. The divergence between the manufacturer's size and their prime market can vary. Several factors, including international trade, the consumer market and military spending, have contributed to revenue volatility in recent years. Overall, revenue has grown at a CAGR of 5.6% to $21.0 billion over the past five years, including a 2.4% increase in 2023. Profit has also climbed to 10.2% of revenue in 2023 from 9.1% in 2018.

This industry manufactures small weapons (including shotguns, rifles, revolvers, pistols, machine guns and grenade launchers), ammunition, artillery and accessories.