The firearms market was valued at $41.7 billion in 2023, with an astonishing one billion total firearms globally, 85% of which are privately owned by citizens.
American citizens collectively own more firearms than the combined total for 24 other major countries, indicating a deeply embedded gun culture.
The Small Arms Survey estimated that the United States holds a staggering 120.50 civilian guns per 100 people, underscoring the prevalence of gun ownership.
With nearly half of the top-selling firearms originating from the U.S., iconic models like the AR-15 reflect significant cultural significance and popularity.
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