$21.9bn
$XXX.Xm
129k
17,361
$X.Xbn
The Gun and Ammunition Stores industry has recently benefited from social, political and economic unrest, which has sparked an increase in purchases of firearms and complimentary goods. Revenue has also surged on the expectation of stricter firearm regulations under the Biden administration, which has vowed to help end gun violence and mass shootings through multiple avenues. Consumers have sought to purchase firearms and ammunition before the more stringent regulatory environment. Industry revenue is estimated to increase an annualized 8.1% to $21.9 billion over the five years to 2024, including an increase of 4.1% in 2024 alone.
Industry revenue has grown at a CAGR of 8.1 % over the past five years, to reach an estimated $21.9bn in 2024.
Market size is projected to grow over the next five years.
Company | Market Share (%)
2024 | Revenue ($short_0)
2024 | Profit ($short_0)
2024 | Profit Margin (%)
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There are no companies that hold a large enough market share in the Gun & Ammunition Stores in the US industry for IBISWorld to include in this product.
Gun & Ammunition Stores in the US
Industry revenue is measured across several distinct product and services lines, including Other equipment, apparel and supplies, Handguns and Ammunition. Other equipment, apparel and supplies is the largest segment of the Gun & Ammunition Stores in the US.
Handguns sales have expanded as revenue share
The Gun and Ammunition Stores industry comprises operators that specialize in retailing guns and ammunition. Industry operators may also sell a range of accessories and apparel in addition to their main product lines.
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NAICS 45111 - Gun & Ammunition Stores in the US
Get an indication of the industry's health through historical, current and forward-looking trends in the performance indicators that make or break businesses.
Demand for guns and ammunition is sensitive to changes in consumer spending and perception of regulations and safety. Several mass shootings and heightened political rhetoric...
Learn about an industry's products and services, markets and trends in international trade.
The industry retails a range of self-defense and outdoor sport products. But most stores within the industry focus on selling guns and ammunition, with ancillary equipment an...
Discover where business activity is most concentrated in an industry and the factors driving these trends to find opportunities and conduct regional benchmarking.
The geographic distribution is highly dependent on regulations governing each state, cultural attitudes toward gun ownership and general population trends. Industry revenue p...
Get data and insights on what's driving competition in an industry and the challenges industry operators and new entrants may face, with analysis built around Porter's Five Forces framework.
The industry is highly fragmented, consisting of many small players. So, the broader retail market for guns and ammunition is very competitive.
Learn about the performance of the top companies in the industry.
This industry is highly fragmented. No player accounts for more than 5.0% of total industry revenue.
Understand the demographic, economic and regulatory factors that shape how businesses in an industry perform.
The industry is subject to high regulation. Producing, selling and purchasing firearms are subject to extensive federal, state and local governmental regulation.
View average costs for industry operators and compare financial data against an industry's financial benchmarks over time.
Stores in the industry are primarily concerned with purchases and wage costs. Purchases are the largest expense for the industry.
Including values and annual change:
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Key data sources in the US include:
Analysts also use industry specific sources to complement catch-all sources, although their perspective may focus on a particular organization or representative body, rather than a clear overview of all industry operations. However, when balanced against other perspectives, industry-specific sources provide insights into industry trends.
These sources include:
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IBISWorld’s analysts and data scientists use the sources above to create forecasts for our proprietary datasets and industry statistics. Depending on the dataset, they may use regression analysis, multivariate analysis, time-series analysis or exponential smoothing techniques to project future data for the industry or driver. Additionally, analysts will leverage their local knowledge of industry operating and regulatory conditions to impart their best judgment on the forecast model.
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The market size of the Gun & Ammunition Stores in the US industry in United States is $21.9bn in 2024.
There are 17,361 businesses in the Gun & Ammunition Stores in the US industry in United States, which has grown at a CAGR of 4.4 % between 2019 and 2024.
The market size of the Gun & Ammunition Stores in the US industry in United States has been growing at a CAGR of 8.1 % between 2019 and 2024.
Over the next five years, the Gun & Ammunition Stores in the US industry in United States is expected to grow.
Handguns and Ammunition are part of the Gun & Ammunition Stores in the US industry.
The level of competition is high and increasing in the Gun & Ammunition Stores in the US industry in United States.