The United States has the highest number of civilian-owned guns globally, with 2023 sales contributing over $90 billion to the economy. As gun sales peaked in recent years, a few major brands like Ruger, Sig Sauer, and Smith & Wesson have increasingly dominated the market. Within a crowded industry of over 14,000 licensed manufacturers, these top companies are responsible for 42% of the firearm manufacturing output from 2016 to 2020, demonstrating both the concentration and significance of leading brands in the firearms sector.
The U.S. firearm industry generated over $90 billion in economic output in 2023, driven primarily by heightened consumer demand and a competitive market.
Record-breaking gun sales in the U.S. reflect deep consumer interest, with a small number of major brands dominating the industry's landscape.
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