Firearms Manufacturers

Industry Profile Report

Dive Deep into the industry with a 25+ page industry report (pdf format) including the following chapters

Industry Overview Industry Structure, How Firms Opertate, Industry Trends, Credit Underwriting & Risks, and Industry Forecast.

Call Preparation Quarterly Insight, Call Prep Questions, Industry Terms, and Weblinks.

Financial Insights Working Capital, Capital Financing, Business Valuation, and Financial Benchmarks.

Industry Profile Excerpts

Industry Overview

The 420 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.

Industry size & Structure

The average firearms manufacturer employs about 45 workers and generates about $15-16 million annually.

    • The firearms manufacturing industry consists of about 420 firms that employ 19,000 workers and generate about $6.6 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
                                  Firearms Manufacturers Industry Growth
                                  Source: Vertical IQ and Inforum

                                  Coronavirus Update

                                  Apr 29, 2022 - Firearms Market Booms
                                  • The total economic impact of the firearm and ammunition industry in the US rose from $19.1 billion in 2008 to $70.52 billion in 2021, a 269% increase, according to a report released in March 2022 by firearm industry trade association National Shooting Sports Foundation (NSSF). The total number of full-time equivalent jobs dependent on the industry rose from approximately 166,000 to over 375,819, a 126% increase over the same period, the NSSF reported.
                                  • Gun owners are hoping their tweets will get better treatment on Twitter under Elon Musk. Musk, who agreed to buy Twitter in April for $44 billion, has said he’d revisit the platform’s moderation policies to allow all legal free speech on the platform. In a recent blog post, Lee Williams, a contributor to the website The Truth About Guns, cites mistreatment – including warning labels on posts, limits on likes and replies, as well as temporary suspensions or outright bans – of defenders of the Second Amendment by the platform’s community standards gatekeepers. Williams is hoping Musk will give gun owners a platform where they can freely share their views.
                                  • The federal government is sending firearms to Ukraine. As part of the recent $800 million package of assistance, Ukraine will receive 100 grenade launchers, 5,000 rifles, 1,000 pistols, 400 machine guns, 400 shotguns, and over 20 million rounds of small arms ammunition and launcher rounds. Firearms manufacturers will have the opportunity to produce these items for shipment to Ukraine or replace existing weapons shipped.
                                  • The NRA/ILA has worked with pro-gun members of the US Senate to add back longstanding language to the federal appropriations bill that was signed by President Biden in March 2022. The group also was able to get some gun control measures removed. The organization is already working with members of Congress on issues for the FY 2023 federal spending bill. Limits on gun ownership, exports and products typically hurt the firearms manufacturing industry.
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