The US Guns and Ammunition Market size is estimated to grow at a CAGR of around 2.3% during the forecast period, i.e., 2024-30. According to MarkNtel Advisors Study.
US Guns and Ammunition Market Driver:
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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Key Market Reports Highlights
- Market Dimensions & Projections
- Pricing Evaluation
- Recent Strategic Moves by Companies
- Primary Stakeholders
- Import/Export Trend Analysis
- Competitive Landscape Assessment
- Emerging Opportunities
- Market Trends and Indicators
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US Guns and Ammunition Market Segmentation:
The market report categorizes the market based on different segments and geographical analysis.
Study Timeline:
-Base Year: 2023
-Historical Period: 2019 to 2022
-Forecast Period: 2024 to 2030
- 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
- Defense- Market Size & Forecast 2019-2030, USD Million
Competitive Landscape
With strategic initiatives, such as mergers, collaborations, and acquisitions, the leading market companies, including – Sig Sauer, Smith & Wesson, Sturm, Roger & Co. Inc., Taurus International Manufacturing Inc., Springfield Armory, Ammo Inc., Federal Ammunition, Hornady, FN Herstal, Black Hills Ammunition, and Others looking forward to strengthening their market positions.
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Data-Driven Insights Backed by Proven Research
We follow a tried-and-tested research methodology that blends top-down and bottom-up approaches to deliver highly accurate market insights. Every report is powered by data triangulation, ensuring well-rounded and validated findings.
From smart sample selection and reliable data collection to in-depth analysis and precise forecasting, our process is designed to minimize error and maximize impact.
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