The US Guns and Ammunition Market research report provides a comprehensive overview of the current industry trends, key industry drivers, and competitive landscape within the sector. It delves into the impact of emerging technologies, business operations and consumer behavior. Additionally, the report analyzes the strategies of top companies in the US Guns and Ammunition industry and their positioning for future growth.
It also includes insights into recent market development, challenges faced by the industry, and potential opportunities for innovation and expansion. Overall, the report aims to offer valuable insights for industry stakeholders, investors, and decision-makers seeking to understand and navigate the rapidly evolving technology landscape.
“According to research report, the US Guns and Ammunition Market size is expected to grow at a CAGR of 2.3% during the forecast period of 2024 to 2030.”
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Key factor Drive the US Guns and Ammunition Market from 2024-2030
Surge in Military Spending to Accelerate the Market Growth – In recent years, the US has seen a notable increase in defense spending due to factors like the Russia-Ukraine conflict and geopolitical uncertainties in the Middle East. The decision by the US government to offer military assistance to Ukraine has played a crucial role in the increase, ensuring stability. Substantial financial aid and support have been directed towards reinforcing the Ukrainian military. According to the Stockholm International Peace Research Institute (SIPRI), US defense spending witnessed a substantial increase of approximately USD71 billion from 2021 to 2022. As a result, there is a heightened demand for firearms and ammunition within the country's defense sector, contributing to the expansion of the US Guns and Ammunition Market.
US Guns and Ammunition Market Segmentation Analysis:
By Type
- Guns- Market Size & Forecast 2019-2030, USD Million
- Ammunition-Market Size & Forecast 2019-2030, USD Million
By Lethality
- Non-Lethal-Market Size & Forecast 2019-2030, USD Million
- Lethal- Market Size & Forecast 2019-2030, USD Million
Lethal Weapons is anticipated to capture a significant share of the US Guns and Ammunition Market in the projected years. This is due to the rise in high-profile incidents of school shootings & other violent occurrences that have heightened safety concerns. These growing tragic events create a sense of vulnerability within communities, prompting a call for measures to enhance security & protect students.
By Application
- Defense- Market Size & Forecast 2019-2030, USD Million
- Military Operation
- Law Enforcement
- Security Services- Market Size & Forecast 2019-2030, USD Million
- Close Protection Services
- Event Security
- Secure Transportation
- Others (Industrial Security, Private Investigation, etc.)
- Civilians- Market Size & Forecast 2019-2030, USD Million
- Self Defense
- Sport Shooting
- Hunting
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US Guns and Ammunition Market Competitive Landscape:
Some of the top notch US Guns and Ammunition companies operating in the market include Sig Sauer, Smith & Wesson, Sturm, Roger & Co. Inc., Taurus International Manufacturing Inc., Springfield Armory, Ammo Inc., Federal Ammunition, Hornady, FN Herstal, Black Hills Ammunition, and Others.
Key Questions Answered in the Research Report
- What are the US Guns and Ammunition industry’s overall statistics or estimates (Overview, Size- By Value, Forecast Numbers, Segmentation, Shares)?
- What are the trends influencing the current scenario of the market?
- What key factors would propel and impede the market growth?
- How has the industry been evolving in terms of geography & product adoption?
- How has the competition been shaping up across various regions?
- How have buying behavior, customer inclination, and expectations from product manufacturers been evolving during 2024-30?
- Who are the key competitors, and what strategic partnerships or ventures are they coming up with to stay afloat during the projected time frame?
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