Key Takeaways
- U.S. firearms production reached 23.4 million units in 2021.
- Pistol production hit 11.5 million in 2021.
- Rifle production totaled 7.0 million firearms in 2021.
- NICS checks reached 39.7 million in 2021.
- Firearm retail sales estimated at $19 billion in 2021.
- Black Friday 2021 gun sales: 1 million+
- Firearms industry direct employment: 390,000 jobs.
- Manufacturing jobs in firearms: 72,000 in 2023.
- Retail gun dealer employment: 240,000.
- Firearms exports totaled $1.7 billion in 2022.
- Top export destination: Canada with $500 million.
- Pistol exports: 1.2 million units in 2021.
- Firearm ownership rate: 32% U.S. adults.
- 120 guns per 100 residents in U.S.
- First-time buyers 40% of 2021 sales.
The United States firearms industry continues to produce and sell millions of weapons annually.
Employment
- Firearms industry direct employment: 390,000 jobs.
- Manufacturing jobs in firearms: 72,000 in 2023.
- Retail gun dealer employment: 240,000.
- Shooting range jobs: 45,000 nationwide.
- Supplier and distributor jobs: 33,000.
- Total induced jobs from industry: 1.1 million.
- Firearms manufacturing employment grew 10% 2017-2022.
- FFL dealers total: 80,000+ active.
- Gun store employees average wage: $45,000.
- NSSF member companies employ 300,000+.
- Remington bankruptcy impacted 2,000 jobs.
- Vista Outdoor workforce: 8,000 employees.
- Smith & Wesson employees: 2,200.
- Sturm Ruger staff: 2,000.
- Sig Sauer U.S. employees: 2,000+.
- Average manufacturing wage in sector: $60,000.
- Women in firearms industry: 15% of workforce.
- Veteran employment rate high: 20%.
- Apprenticeships in machining for guns: 5,000 slots.
- Labor turnover low at 8% annually.
- Unionization rate: under 5% in industry.
- COVID job losses minimal: 2% dip.
- Export-related jobs: 50,000 direct.
- R&D staff in firearms: 10,000 engineers.
- Sales staff at ranges: 30,000 FTE.
- Administrative roles: 15% of total employment.
Employment Interpretation
Exports and Imports
- Firearms exports totaled $1.7 billion in 2022.
- Top export destination: Canada with $500 million.
- Pistol exports: 1.2 million units in 2021.
- Imports of firearms: 4.5 million in 2022.
- Top import source: Austria (Glock).
- U.S. rifle exports: $700 million value.
- Export licenses issued: 12,000 annually.
- Firearms trade surplus: $1 billion in 2021.
- Brazil imports from U.S.: $100 million guns.
- EU imports U.S. firearms: $300 million.
- 2020 exports dropped 20% due to COVID.
- Shotgun exports: 200,000 units yearly.
- Import value: $600 million in 2023.
- Turkey major exporter to U.S.
- U.S. dominates global small arms exports 40% share.
- Mexico imports 500,000 U.S. guns yearly.
- Australia banned imports post-1996.
- Philippines U.S. arms deal: $50 million.
- Export growth 15% YoY 2015-2019.
- Brazil export ban impacts U.S. trade.
- Canada-U.S. trade: 70% of exports.
- ITAR regulations oversee 95% exports.
- Civilian market imports rising 10%.
- Czech Republic pistols imported 300,000.
- U.S. shotgun exports to Europe: $150M.
- Global arms trade U.S. share 39%.
- 28% of civilian-owned guns imported.
Exports and Imports Interpretation
Market Trends
- Firearm ownership rate: 32% U.S. adults.
- 120 guns per 100 residents in U.S.
- First-time buyers 40% of 2021 sales.
- Women buyers increased to 32% in 2023.
- Youth shooting participation: 10 million.
- Concealed carry permits: 22 million in 2023.
- Home defense top reason for ownership 72%.
- AR-15 ownership: 20 million rifles.
- Suppressors registered: 3.5 million.
- Hunting license holders: 15 million.
- Target shooting most popular activity.
- Urban ownership rising 15% post-2020.
- Black ownership doubled to 24% since 2017.
- Hispanic ownership: 20% of adults.
- Gen Z buyers: 21% of new owners.
- Smart gun interest low: 10%.
- Ammo shortage impacted 70% buyers.
- Range visits: 200 million annually.
- Multi-gun owners: 40% of households.
- Self-defense training demand up 25%.
- Custom gun market: $2 billion.
- Vintage firearms collectibles value up 12%.
- Electric bike gun racks sales surge.
- Red dot sights adoption: 50% handguns.
- 3D printed gun kits: 10,000 sold online.
- Ghost gun prevalence: 5% of traced firearms.
- Modular firearms popularity: 30% sales.
Market Trends Interpretation
Production and Manufacturing
- U.S. firearms production reached 23.4 million units in 2021.
- Pistol production hit 11.5 million in 2021.
- Rifle production totaled 7.0 million firearms in 2021.
- Shotgun production was 1.2 million in 2021.
- Other firearms production reached 3.7 million in 2021.
- Firearms production in 2020 was 22.6 million units.
- 2022 pistol production was 12.4 million.
- U.S. manufacturers produced 8.3 million rifles in 2022.
- Shotgun output in 2022 was 1.1 million.
- Revolvers production was 474,000 in 2022.
- Firearms production peaked at 27.5 million in 2016.
- 2019 production totaled 20.4 million firearms.
- Handgun production dominated with 13.7 million in 2020.
- Long gun production was 9.1 million in 2020.
- AR-15 style rifles production estimated at 2.5 million annually.
- 2018 firearms production was 16.2 million.
- Semi-automatic pistol production leads industry output.
- U.S. frames/receivers produced: 24.3 million in 2021.
- 2023 preliminary production data shows 16.8 million firearms.
- Polymer frame pistols production surged 20% in 2021.
- Ruger produced over 2 million firearms in 2022.
- Smith & Wesson output: 1.8 million units in FY2023.
- Glock Inc. U.S. production exceeds 1 million annually.
- Remington Arms annual capacity pre-bankruptcy: 2 million.
- Sig Sauer production: 1.2 million firearms in 2022.
- Sturm, Ruger & Co. shipped 1.9 million in 2023.
- Colt's Manufacturing output: 500,000 units yearly average.
- Henry Repeating Arms produces 500,000 firearms annually.
- Barrett Firearms production: 20,000 rifles per year.
- Daniel Defense annual production: 100,000 AR-15s.
- Total U.S. handgun production 2015-2021 averaged 10 million/year.
Production and Manufacturing Interpretation
Sales and Revenue
- NICS checks reached 39.7 million in 2021.
- Firearm retail sales estimated at $19 billion in 2021.
- Black Friday 2021 gun sales: 1 million+
- 2020 saw 21.5 million NICS checks.
- Handgun sales dominate 62% of market in 2022.
- Modern sporting rifle sales: 25 million since 1990.
- GunBroker.com sales volume: $1 billion+ annually.
- 2022 NICS checks: 28.8 million.
- Firearms industry revenue: $68 billion in 2023.
- Ammo sales revenue: $10 billion in 2021.
- Private sales estimated 40% of total transactions.
- Cyber Monday 2022 gun sales record: 180,000.
- Pistol sales 2021: 13 million estimated.
- Rifle sales surged 50% during 2020 pandemic.
- Sporting goods stores gun sales: $15 billion.
- Online gun sales grew 30% YoY in 2022.
- FFL dealer sales volume: 80% of retail market.
- Holiday season 2023 NICS: 7 million checks.
- Used gun market: $5 billion annually.
- Suppressors sales: 500,000 units in 2022.
- Optics and accessories sales: $4 billion.
- Concealed carry weapon sales peak in 2021.
- Gun show sales estimated $1-2 billion yearly.
- 2023 projected sales: 20 million firearms.
- Smith & Wesson revenue: $1.1 billion FY2023.
- Vista Outdoor sales: $3 billion in 2023.
- Sturm Ruger revenue: $700 million in 2023.
- Firearms industry supports $70 billion economic output.
Sales and Revenue Interpretation
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