MarkNtel Advisors, leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. Recently published a report on US Guns and Ammunition Market and provide your business with the latest market trends and analysis from our reports to make informed decisions and stay ahead of the competition.
The US Guns and Ammunition Market is estimated to grow at a CAGR of around 2.3% during the forecast period 2024-30.
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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.
Sig Sauer, Smith & Wesson, Sturm, Roger & Co. Inc., Taurus International Manufacturing Inc., Springfield Armory, Ammo Inc., Federal Ammunition, Hornady, FN Herstal, Black Hills Ammunition, and Others
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US Guns and Ammunition Market exactly assesses and highlights significant trends and influencing factors within each segment. The comprehensive analysis extends its predictions for the period spanning 2024-30, focusing on the national landscape. The market is exactly categorized based on this analysis, providing valuable insights into its various facets.
By Type
-Guns
-Ammunition
By Lethality
-Non-Lethal
-Lethal
By Application
-Defense
–Military Operation
–Law Enforcement
-Security Services
–Close Protection Services
–Event Security
–Secure Transportation
–Others (Industrial Security, Private Investigation, etc.)
-Civilians
–Self Defense
–Sport Shooting
–Hunting
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MarkNtel Advisors is a leading consulting, data analytics, and market research firm that provides an extensive range of strategic reports on diverse industry verticals. We being a qualitative & quantitative research company, strive to deliver data to a substantial & varied client base, including multinational corporations, financial institutions, governments, and individuals, among others.
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MarkNtel Advisors is a leading market research company, 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.
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Reach us: Call: +1 628 895 8081, +91 120 4278433 Email: sales@marknteladvisors.com Visit to know more: www.marknteladvisors.com
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