MarkNtel Advisors has just published a new research report titled "US Guns and Ammunition Market: Industry Trends, Share, Size, Growth, Opportunity and Forecast 2024-2030". This study provides an extensive analysis of market drivers, segmentation, growth opportunities, trends, and competitive landscape, aiming to provide insights into current and future market scenarios.
What insights and analysis does the report provide on the US Guns and Ammunition market from 2024 to 2030?
The US Guns and Ammunition Market is projected to grow at around 2.3% CAGR during the forecast period, i.e., 2024-30.
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US Guns and Ammunition Market by Segments
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
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
A comprehensive report on the US Guns and Ammunition Market is available now- https://www.marknteladvisors.com/research-library/us-guns-ammunition-market.html
What are the current trends in the US Guns and Ammunition Market?
Introduction of Smart Gun is a Major Trend in the Market – The major gun and ammunition manufacturers, such as BioFire, Ammo Inc., FN Herstal, etc., are introducing smart technologies like biometric recognition or RFID technology in their guns and ammunition. For instance, in 2023, Biofire developed ‘smart guns’ that use biometric identification, which would only allow authorized persons to fire.
Furthermore, the incorporation of biometric & RFID technologies enhances the safety features of firearms, leading to a perception of increased safety among potential buyers. Hence, this is attracting individuals who may have been hesitant due to safety concerns, thereby expanding the US Guns and Ammunition Market. Additionally, smart guns' ability to restrict operation to authorized users’ addresses concerns about unauthorized access & use. This feature contributes to preventing theft and unauthorized usage, appealing to consumers who prioritize secure firearm ownership. Therefore, the introduction of smart guns is contributing to the expansion of the market.
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Who are the key players in the US Guns and Ammunition Market?
- Sig Sauer
- Smith & Wesson
- Sturm, Ruger & Co., Inc.
- Taurus International Manufacturing Inc.
- Springfield Armory
- Ammo Inc.
- Federal Ammunition
- Hornady
- FN Herstal
- Black Hills Ammunition
Questions Addressed in this Study
- What factors are driving the US Guns and Ammunition Market growth?
- How is the US Guns and Ammunition Market expected to grow over the next five years?
- What are the key insights into the current trends in the US Guns and Ammunition Market?
- What is the current size of the US Guns and Ammunition Market, and how is it projected to change in the future?
- What is the future outlook for the US Guns and Ammunition Market in terms of technological advancements and market expansion?
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