Europe EditionThe gun industry makes billions. But how many exactly?
- In 2024, the firearm and ammunition industry generated up to $91.65 billion in economic activity across the United States.
- This economic impact follows a pattern of substantial revenues and high production amid limited transparency due to trade secret protections and delayed ATF reporting.
- In 2023, firearm manufacturers produced close to 15 million guns for the U.S. Market, while 15.3 million firearms were purchased in 2024, supporting over 150,000 jobs directly and more than 230,000 positions in related industries.
- IBISWorld projected that domestic manufacturing will reach $19.6 billion in revenue in 2025, while the civilian gun market earned about $9 billion in 2021, highlighting persistent industry growth.
- Despite substantial revenues, the industry maintains financial opacity, with experts like Lickenbrock noting the contrast between its economic role and limited openness given Second Amendment ties.
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The gun industry makes billions. But how many exactly? | News Channel 3-12
The gun industry makes billions. But how many exactly? Here at Ask The Trace, we get our fair share of questions about the gun industry, specifically the profits and legal protections enjoyed by firearm and ammunition companies. The fewer restrictions on their products, the more money they can make from sales. Supporters of stronger gun laws have sought in recent years to tie the gun debate back to the profits and revenues reaped by firearms man…
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Leaning Left2Leaning Right0Center32Last UpdatedBias Distribution94% Center
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C 94%
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