Firearms Manufacturers NAICS 332994
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Industry Summary
The 494 firearms manufacturers in the US sell handguns, rifles, and shotguns to distributors, retailers, government agencies, and private individuals. Firms may also manufacture other shooting, hunting, and outdoor products and accessories such as knives and cutting tools, sighting lasers, shooting supplies, and survival gear.
Changes in Federal and State Regulation
Federal and state legislatures frequently consider legislation that may alter the regulation of firearms.
Competition from Used Firearms Sales
Used firearms can often be bought at a savings of 30% or more compared to their new equivalents.
Recent Developments
Nov 4, 2025 - New California Law Bans Sales of Glock-Style Firearms
- A new law signed by California Governor Gavin Newsom in October 2025 bans new sales of semi-automatic handguns, specifically Glock-style models with cruciform trigger bars, that can be easily modified into fully automatic weapons, according to the Desert Sun. Effective July 1, 2026, California’s Assembly Bill 1127 exempts law enforcement and private party transfers but restricts future dealer sales. For firearms manufacturers, particularly Glock and similar producers, the legislation poses significant market disruption in one of the nation’s largest states. Lawmakers argue manufacturers failed to redesign products despite long-standing concerns over illegal conversions. The ban could pressure manufacturers to alter designs or face exclusion from California’s retail market. The National Rifle Association and other gun rights groups are suing California over the law, calling it unconstitutional. The law underscores growing regulatory scrutiny and may influence future design standards and compliance strategies across the firearms manufacturing sector.
- Firearms manufacturing, included in the fabricated metal products manufacturing category, is one of the six manufacturing industries reporting growth in October’s Manufacturing ISM Report on Business. Fabricated metal products manufacturers reported growth in new orders, growth in production, lower employment, slower supplier deliveries, lower inventories, higher order backlogs, and higher prices for raw materials. Additional industries reporting growth were Primary Metals; Food, Beverage & Tobacco Products; Transportation Equipment; Plastics & Rubber Products; and Nonmetallic Mineral Products. Manufacturing industries reporting contraction during the period were Textile Mills; Apparel, Leather & Allied Products; Furniture & Related Products; Paper Products; Printing & Related Support Activities; Wood Products; Petroleum & Coal Products; Electrical Equipment, Appliances & Components; Chemical Products; Machinery; Miscellaneous Manufacturing; and Computer & Electronic Products. Overall, economic activity in the manufacturing sector contracted for the eighth consecutive month in October, with the Manufacturing PMI registering 48.7%.
- Producer prices for firearms and ordnance manufacturers stayed flat in August 2025 year over year, according to data from the Bureau of Labor Statistics (BLS). Employment for the small arms, ammunition, and other ordnance manufacturing industry fell 2.4% in July 2025 year over year, per the BLS. Employment over the past three years decreased 3.3%, lower than private employment growth of 3.7% during the period. Average wages for the cutlery, handtool, and other fabricated metal product manufacturers industry, which includes firearm manufacturers, were up 6.8% in July 2025 year over year, reaching $28.42 per hour.
- The volume of firearm background checks, an indicator of gun sales, rose by 2% September 2025 year over year, according to SGB Media. The National Shooting Sports Foundation (NSSF)-adjusted National Instant Background Check System (NICS) verifications for the sale of a firearm at retail totaled 1,179,424 in September 2025, compared to 1,156,223 in September 2024. The September uptick followed seven consecutive months of decline. The top five states for adjusted NICS checks were Texas, Florida, California, Pennsylvania, and Colorado. According to the report, the NSSF-adjusted NICS data does not directly reflect arms sales but offers a view of current market conditions.
Industry Revenue
Firearms Manufacturers
Industry Structure
Industry size & Structure
The average firearms manufacturer employs about 109 workers and generates about $21 million annually.
- The firearms manufacturing industry consists of about 494 firms that employ 54,000 workers and generate about $10.4 billion annually.
- The industry is concentrated; the top 50 companies account for 89% of industry revenue.
- Large firms include Smith and Wesson; Sturm, Ruger & Company; Remington; Sig Sauer; and O.F. Mossberg.
Industry Forecast
Industry Forecast
Firearms Manufacturers Industry Growth
Source: Vertical IQ and Inforum
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