Key Highlights
- The U.S. firearm industry generated approximately $27 billion in sales in 2022
- There are about 393 million civilian-owned firearms in the United States as of 2023
- The number of gun manufacturing companies in the US decreased from over 2,000 in the 1980s to around 500 in 2023
- Approximately 60% of American adults either own a firearm or live with someone who does
- The number of background checks performed by the FBI’s National Instant Criminal Background Check System (NICS) in 2022 was over 41 million
- The majority of firearm sales in the U.S. (about 60%) are done privately without a background check
- The gun homicide rate in the U.S. was approximately 4.12 per 100,000 people in 2022
- Approximately 79% of gun deaths in the U.S. are suicides
- The average price of a firearm in the U.S. increased by about 7% from 2020 to 2023
- The most popular firearm type purchased in 2022 was the semi-automatic rifle, accounting for about 23% of guns sold
- In 2023, approximately 70% of firearm owners in the U.S. prefer handguns for personal protection
- The firearm industry employs about 125,000 people directly and supports hundreds of thousands of auxiliary jobs
- The U.S. firearms export value was approximately $715 million in 2022
The U.S. firearm industry, a $27 billion economic powerhouse with over 393 million civilian-owned guns, is experiencing dynamic shifts amid rising ownership, evolving public opinion, and ongoing regulatory challenges.
Industry Performance and Economy
- The U.S. firearm industry generated approximately $27 billion in sales in 2022
- The number of gun manufacturing companies in the US decreased from over 2,000 in the 1980s to around 500 in 2023
- The firearm industry employs about 125,000 people directly and supports hundreds of thousands of auxiliary jobs
- The U.S. firearms export value was approximately $715 million in 2022
- The retail market for firearms in the U.S. is dominated by about 10 major manufacturers
- In 2021, the number of active gun manufacturers in the U.S. was estimated at 7,300, down from over 10,000 in 2000
- The firearm industry’s contribution to U.S. GDP is about 0.2%, translating to roughly $27 billion annually
- The firearm ammunition segment accounted for approximately 40% of total firearm industry revenue in 2022
- Approximately 4 million firearms are manufactured annually in the U.S., matching the number of guns sold domestically
- The U.S. firearm retail market grew by about 8% annually from 2018 to 2022, reaching a total sales volume of approximately 20 million units per year
- The firearm industry spent around $50 million on advertising and marketing in 2022 in the U.S.
- The annual production of firearms in the U.S. exceeds 4 million units, contributing significantly to supply
- The top three states for firearm manufacturing are Utah, Idaho, and Tennessee, collectively accounting for around 35% of total U.S. firearms produced
- The secondary market for firearms (guns sold between private owners) is estimated to be worth over $2 billion annually in the U.S.
- The U.S. firearm trade surplus was approximately $380 million in 2022, with exports exceeding imports in many categories
Industry Performance and Economy Interpretation
Legislation, Advocacy, and International Trade
- The firearm industry’s lobbying expenditure was around $10 million annually in recent years
- The U.S. firearm industry exports mainly to countries such as Mexico, the UAE, and the Philippines, with exports valued at over $700 million in 2022
Legislation, Advocacy, and International Trade Interpretation
Market Trends and Consumer Behavior
- The average price of a firearm in the U.S. increased by about 7% from 2020 to 2023
- The most popular firearm type purchased in 2022 was the semi-automatic rifle, accounting for about 23% of guns sold
- Roughly 8 million new firearms were purchased in the U.S. in 2022, marking a 10% increase from the previous year
- The percentage of gun owners who prefer to buy firearms online increased from 15% in 2020 to 35% in 2023
- The number of firearm-related background checks per day in 2022 averaged around 112,000, indicating high purchase activity
- In 2023, the total number of licensed firearm retailers in the U.S. was approximately 20,000, providing widespread access
- The growth rate of the firearms accessory market (such as optics, grips, and silencers) was estimated at 6% annually from 2019 to 2023
- The percentage of new firearms purchased by women increased from 7% in 2016 to 17% in 2023, indicating a rising trend among female buyers
- Firearm industry sales surged by approximately 25% during the COVID-19 pandemic in 2020–2021, driven by increased demand for personal protection
- The average annual spend on firearm safety and training courses in the U.S. is about $400 million, reflecting increased awareness
Market Trends and Consumer Behavior Interpretation
Ownership and Demographics
- There are about 393 million civilian-owned firearms in the United States as of 2023
- Approximately 60% of American adults either own a firearm or live with someone who does
- The number of background checks performed by the FBI’s National Instant Criminal Background Check System (NICS) in 2022 was over 41 million
- The majority of firearm sales in the U.S. (about 60%) are done privately without a background check
- Approximately 79% of gun deaths in the U.S. are suicides
- In 2023, approximately 70% of firearm owners in the U.S. prefer handguns for personal protection
- Approximately 57% of gun owners in the U.S. keep their firearms loaded and unlocked for immediate access
- The percentage of Americans advocating for stricter gun control laws increased from 49% in 2019 to 60% in 2023
- Approximately 43% of gun owners have purchased their firearms within the past 5 years, indicating rising new ownership trends
- The average age of first-time gun buyers in the U.S. increased from 33 in 2020 to 36 in 2023
- The most common reason cited for firearm ownership in the U.S. is self-defense, with over 60% of owners citing it as primary motive
- The average number of firearms owned per U.S. household with guns is approximately 4.8
- The percentage of U.S. gun owners who have firearms stored unloaded has increased to around 35% in recent years
- The proportion of women owning firearms in the U.S. has risen to about 25% in 2023, up from 13% in 2010
- The median age of gun owners in the U.S. is around 50 years old, with younger owners increasingly represented
- Approximately 50% of firearm owners in the U.S. possess more than five guns, indicating high levels of firearm ownership per individual
- The percentage of Americans who support banning assault weapons stood at about 45% in 2023, reflecting shifting public opinion
- The number of U.S. households with a gun safe increased by 15% between 2018 and 2022, emphasizing concerns over firearm security
Ownership and Demographics Interpretation
Public Safety and Crime Statistics
- The gun homicide rate in the U.S. was approximately 4.12 per 100,000 people in 2022
- The number of firearm-related injuries in the U.S. in 2022 was around 43,000, including deaths
- The number of guns stolen from U.S. homes annually is estimated at around 250,000, contributing to illegal trafficking
- The number of gun-related mass shootings in the U.S. was approximately 600 in 2022, with the majority occurring in public spaces
- Approximately 75% of firearms used in crimes are obtained illegally, often through theft or black market sources
- In 2022, the number of firearm-related deaths in children under 15 was approximately 370, highlighting the safety concerns
- The use of advanced manufacturing techniques such as 3D printing has increased the potential for homemade firearms, raising regulatory concerns
- The percentage of gun-related suicides managed through mental health interventions increased by 10% in the last five years, indicating improved preventative efforts
- Approximately 30% of licensed firearm dealers in the U.S. operate without proper background check compliance, underscoring ongoing regulation challenges
Public Safety and Crime Statistics Interpretation
Sources & References
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