US Guns and Ammunition Market Size, Share, Trends, Demand, Growth and Competitive Analysis| MarkNtel

MarkNtel Advisors recently published a detailed industry analysis of the US Guns and Ammunition Market. The report covers growth trends, geographical marketing strategies, challenges, opportunities, and drivers influencing the market.

US Guns and Ammunition Market Size, Share, and Trends Analysis Report – Industry Overview and Forecast to 2030

The US Guns and Ammunition Market is estimated to grow at a CAGR of around 2.3% during the forecast period, i.e., 2024-30.

What are the major Driver the US Guns and Ammunition industry?

Surge in Military Spending to Accelerate the Market Growth – In recent years, the US has seen a notable increase in defense spending due to factors like the Russia-Ukraine conflict and geopolitical uncertainties in the Middle East. The decision by the US government to offer military assistance to Ukraine has played a crucial role in the increase, ensuring global stability. Substantial financial aid and support have been directed towards reinforcing the Ukrainian military. According to the Stockholm International Peace Research Institute (SIPRI), US defense spending witnessed a substantial increase of approximately USD71 billion from 2021 to 2022. As a result, there is a heightened demand for firearms and ammunition within the country's defense sector, contributing to the expansion of the US Guns and Ammunition Market.

Furthermore, the escalating challenges posed by China and Russia on the global stage have also become pivotal drivers behind the increased US defense investment in modernization efforts, including gun & ammunition procurement. Thus, the growing investment in military modernization would increase the requirement for advanced guns & ammunition in the forecast period.

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Access the detailed PDF Sample report – https://www.marknteladvisors.com/query/request-sample/us-guns-ammunition-market.html

What segments define the US Guns and Ammunition market from 2024 to 2030? How do these segments contribute to market dynamics and growth?

·       By Type

o   Guns- Market Size & Forecast 2019-2030, USD Million

o   Ammunition-Market Size & Forecast 2019-2030, USD Million

·       By Lethality

o   Non-Lethal-Market Size & Forecast 2019-2030, USD Million

o   Lethal- Market Size & Forecast 2019-2030, USD Million

According to report, Lethal Weapons is anticipated to capture a significant share of the US Guns and Ammunition Market in the projected years.

·       By Application

o   Defense- Market Size & Forecast 2019-2030, USD Million

§  Military Operation

§  Law Enforcement

o   Security Services- Market Size & Forecast 2019-2030, USD Million

§  Close Protection Services

§  Event Security

§  Secure Transportation

§  Others (Industrial Security, Private Investigation, etc.)

o   Civilians- Market Size & Forecast 2019-2030, USD Million

§  Self Defense

§  Sport Shooting

§  Hunting

According to report, The Defense Sector dominated the US Guns and Ammunition Market in the previous years and is projected to experience further growth during the forecast period as well.

Explore the Complete US Guns and Ammunition Market Analysis Report – https://www.marknteladvisors.com/research-library/us-guns-ammunition-market.html

US Guns and Ammunition Market Share & Competitive Landscape:

The US Guns and Ammunition Market is characterized by intense competition, with several key players driving growth through innovation, market expansion, and strategic investments. The competitive landscape provides valuable insights into the industry's leading companies, highlighting their strengths, financial performance, and market influence.

Leading Companies in the US Guns and Ammunition Market are:

  • Sig Sauer
  • Smith & Wesson
  • Sturm, Ruger & Co., Inc.
  • Taurus International Manufacturing Inc.
  • Springfield Armory
  • Ammo Inc.
  • Federal Ammunition
  • Hornady
  • FN Herstal
  • Black Hills Ammunition

US Guns and Ammunition Industry Recent Development:

  • 2023: Sig Sauer declared to expand its pistol range with P322-COMP, an enhanced version of its P322 model.
  • 2023: FN Herstal planned to build an arms plant worth USD33 million in Liberty Town. The plant is expected to break ground in 2024 and start operations in 2025.

 Questions Addressed in this Study

1.What factors are driving the US Guns and Ammunition Market growth?

2.How is the US Guns and Ammunition Market expected to grow over the next five years?

3.What are the key insights into the current trends in the US Guns and Ammunition Market?

4.What is the current size of the US Guns and Ammunition Market, and how is it projected to change in the future?

6.What is the future outlook for the US Guns and Ammunition Market in terms of technological advancements and market expansion?

For a Customized Analysis Report, Just Drop Your Inquiry Here – https://www.marknteladvisors.com/query/request-customization/us-guns-ammunition-market.html

Why MarkNtel Advisors?

MarkNtel Advisors is a leading research, consulting, & data analytics firm that provides an extensive range of strategic reports on diverse industry verticals. We deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, & individuals, among others.

Our specialization in niche industries & emerging geographies allows our clients to formulate their strategies in a much more informed way and entail parameters like Go-to-Market (GTM), product development, feasibility analysis, project scoping, market segmentation, competitive benchmarking, market sizing & forecasting, & trend analysis, among others, for 15 diverse industrial verticals.

More Research Studies Report:

- De-Icing and Anti-Icing Pumps Market size was valued at around USD 617 million in 2024 and is projected to reach USD 897.53 million in 2030 with a CAGR of around 6.22%.

- Magnesium Alloys in Automotive Market size was valued at around USD 2.2 billion in 2024 & is projected to reach USD 4.3 billion by 2030 with a CAGR of around 12%.

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