Key Highlights
- The U.S. firearms industry generated approximately $27 billion in revenue in 2022
- There are about 393 million civilian-owned firearms in the United States
- The number of suicides involving firearms in the U.S. was roughly 24,292 in 2020
- Approximately 20,000 gun-related deaths occur annually in the United States
- The number of new firearm background checks in the US reached over 40 million in 2022
- The gun manufacturing sector employs over 19,000 people in the United States
- The average price of a firearm in retail stores in the U.S. was approximately $563 in 2022
- About 15% of adults in the U.S. own at least one firearm
- The number of gun-related injuries in the U.S. was estimated at over 39,000 in 2021
- The AK-47 is among the most popular rifles worldwide, with over 100 million produced
- The 3D-printed firearms market is estimated to grow at a compound annual growth rate (CAGR) of 23% from 2022 to 2030
- The United States leads the world in civilian firearms ownership, with nearly 120 guns for every 100 residents
- The percentage of women who own guns in the U.S. increased to 30% in 2021, from 24% in 2004
The U.S. firearms industry, a colossal $27 billion enterprise, shapes American lives, economy, and policy with its staggering statistics—ranging from nearly 400 million civilian-owned guns to over 40 million background checks in 2022 alone—highlighting its complex influence on society.
Industry Structure and Regulatory Environment
- The firearm industry lobbied with over $33 million spent on federal lobbying efforts in 2022
- Glock is the best-selling handgun manufacturer in the U.S., with over 1 million units sold annually
- The number of federally licensed firearm dealers in the U.S. is over 50,000
- The number of gun manufacturers in the U.S. has decreased by nearly 25% in the last decade, from about 275 to roughly 210
- The majority of firearm manufacturing companies are small to medium-sized enterprises, with less than 500 employees
- The top five firearm manufacturers in the U.S. hold over 70% of the market share
- The firearms industry actively lobbies in more than 40 states to influence gun laws and regulations
Industry Structure and Regulatory Environment Interpretation
Market Size and Economic Impact
- The U.S. firearms industry generated approximately $27 billion in revenue in 2022
- The number of new firearm background checks in the US reached over 40 million in 2022
- The gun manufacturing sector employs over 19,000 people in the United States
- The average price of a firearm in retail stores in the U.S. was approximately $563 in 2022
- The 3D-printed firearms market is estimated to grow at a compound annual growth rate (CAGR) of 23% from 2022 to 2030
- The U.S. military contracts for firearms total approximately $800 million annually
- The total number of firearms produced in the U.S. from 1990 to 2022 exceeded 300 million
- The U.S. firearm exports value was approximately $454 million in 2021
- The secondhand firearm market accounts for an estimated 60% of all firearm sales in the U.S.
- The industry’s contribution to U.S. GDP is estimated at around $27 billion annually
- The U.S. firearm industry’s exports of civilian firearms accounted for about 3% of total U.S. firearm exports
- The firearms industry spends approximately $5 million annually on marketing and advertising in the U.S.
- The firearms industry contributed approximately $7 billion in export revenue in 2022
Market Size and Economic Impact Interpretation
Ownership Demographics and Trends
- There are about 393 million civilian-owned firearms in the United States
- About 15% of adults in the U.S. own at least one firearm
- The AK-47 is among the most popular rifles worldwide, with over 100 million produced
- The United States leads the world in civilian firearms ownership, with nearly 120 guns for every 100 residents
- The percentage of women who own guns in the U.S. increased to 30% in 2021, from 24% in 2004
- The age group most likely to own firearms is between 30-49 years old, representing 38% of gun owners
- The majority of gun owners prefer semi-automatic handguns, making up about 65% of firearm sales
- Americans aged 65+ own approximately 30 million firearms, representing about 8% of civilian-owned guns
- The percentage of households with guns has remained stable at around 32% since 2010
- In 2021, approximately 45% of gun owners reported owning multiple firearms, with an average of 4 guns per owner
- The average age of first gun ownership among Americans is roughly 21 years old
- Roughly 10% of Americans own firearms that cost more than $1,000 each
- Approximately 80% of American gun owners support background checks on all gun sales
- The percentage of new guns sold that are semi-automatic has increased to over 75% in recent years
- The percentage of military-style semi-automatic rifles owned by civilians increased by 15% from 2015 to 2022
- The percentage of households with children that own firearms is about 20%, with some owning guns for home defense or sport
- Over 60% of gun owners in the U.S. are in favor of restricting access to certain types of firearms for civilians, according to recent polls
- The U.S. government estimated the number of unregistered firearms in circulation at over 300 million in 2020
Ownership Demographics and Trends Interpretation
Violence and Public Safety Statistics
- The number of suicides involving firearms in the U.S. was roughly 24,292 in 2020
- Approximately 20,000 gun-related deaths occur annually in the United States
- The number of gun-related injuries in the U.S. was estimated at over 39,000 in 2021
- The majority of firearm-related deaths occur among males, accounting for approximately 85% of all gun homicides
- Approximately 60% of gun owners in the U.S. store their firearms loaded and unlocked, raising safety concerns
- Firearm-related homicides declined by 8% from 2019 to 2020, according to CDC data
- The most common caliber used in American crimes is 9mm, comprising over 50% of firearms seized in crimes
- In 2022, the number of gun-related background checks per 100 residents in the U.S. was approximately 12.5
- The share of homicides involving firearms decreased slightly between 2016 and 2020, from 73% to 70%
- Approximately 70% of all firearms used in crimes are obtained illegally
- The number of firearms used in mass shootings in the U.S. has increased by 25% over the last decade
- The U.S. gun homicide rate per 100,000 people was approximately 4.12 in 2022
- The number of firearm-related injuries treated in U.S. emergency rooms exceeds 120,000 annually
Violence and Public Safety Statistics Interpretation
Sources & References
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