Gun & Ammunition Stores
Over the past five years, the Gun and Ammunition Stores industry expanded. Industry operators retail guns, ammunition and related accessories. As the US economy grew, consumer incomes increased, enabling people to spend more on discretionary goods like industry products. However, the majority of demand over the five-year period has come from consumer fears of stricter gun regulations. However, while industry demand and revenue grew over the past five years, they did so in a volatile manner. During certain years, fears over gun regulation died down as the prospect of their passage diminished. For instance, following the 2016 presidential election, the new administration made it clear that it would not pursue more stringent gun regulations. Over the five years to 2023, demand will be bolstered by continued economic growth, enabling consumers to spend more on industry products. However, while demand will remain susceptible to consumer fears over gun regulations, it will likely normalize.
This industry comprises establishments that specialize in retailing guns and ammunition. Industry establishments may also sell a range of accessories and apparel in addition to their main product lines.
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.