The United States, with its unique gun culture and constitutional right to gun ownership, boasts an arms industry that generates over $90 billion annually. While thousands of federally licensed gunmakers exist, the production is largely concentrated among a handful of companies. Data from the ATF reveals that in 2023, approximately 9.7 million firearms were produced, with six companies accounting for half of this output. Additionally, each state hosts its own manufacturing hub, often led by a single dominant gunmaker, highlighting the local significance of the firearms business.
In 2023, the U.S. produced over 9.7 million firearms, with half manufactured by just six major companies, showcasing the concentration of the gun industry.
Every state has its own arms manufacturing landscape, demonstrating a local commitment to firearm production, but overall, the industry is led by a few large players.
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