The Guns and Ammunition Manufacturing industry has experienced growth and volatility over the past five years to 2018. A significant portion of the industry's performance has been dependent on the civilian market. Initially, demand from consumers surged as consumer concerns about stricter gun control laws led many to purchase industry products in anticipation of a ban. In response to a weakening domestic military market, industry players have increasingly sought growth in exports, which have been rising due to geopolitical tensions and global instability. More recently, demand from the military has rebounded to increasing defense spending and combat operations. Over the five years to 2023, industry revenue is forecast to grow. Much of the anticipated growth will come from the defense market as the current administration and Congress seek to increase defense spending and the US continues to combat operations in the Middle East.
This industry manufactures small weapons (including shotguns, rifles, revolvers, pistols, machine guns and grenade launchers), and ammunition, artillery and accessories.
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.