As of 2023, the arms and ammunition industry generated more than $90 billion in economic output, according to the National Shooting Sports Foundation, an industry trade association. This significant economic activity underscores the critical role the firearms market plays in the U.S. economy, driven largely by consumer demand and the unique gun culture residing in America.
The United States, while home to fewer than 5% of the global population, houses over 45% of the world's 857.4 million civilian-owned firearms. This statistic highlights the disparity in firearm ownership globally, illustrating how entrenched gun culture is within American society and the scale of its impact on domestic and international markets.
Florida stands out as a hub for small-arms manufacturing, producing 529,360 firearms in 2022, which equated to about 4.0% of all domestic firearm production. This indicates not only the state's significant role in the industry but also reflects the concentration of gun manufacturing capabilities in certain regions of the United States.
Pistols accounted for the largest share of firearm production in Florida, comprising about 47.0% of all firearms manufactured in the state. This preference for pistols over other firearm types demonstrates consumer trends favoring certain categories, reflecting various factors such as utility, personal protection, and regional hunting practices.
Collection
[
|
...
]