Gun sales in the U.S. have seen a significant decline since their peak in 2020, following a surge during the pandemic. Nevertheless, production levels have been intentionally lowered to align with reduced consumer demand, yet overall sales remain higher than pre-pandemic levels. The number of licensed gun manufacturers has surged from 364 in 1975 to 18,784 in 2022, indicating a thriving sector despite market challenges. The top firearm companies dominate a large portion of the market, and interest in firearms persists among American consumers.
Despite the decline in sales since 2020, U.S. gun manufacturers have dramatically increased in number, growing from 364 licenses in 1975 to nearly 18,800 in 2022.
Even though gun sales are decreasing, American consumer demand for firearms remains unmatched globally, underscoring a complex market dynamic in the U.S.
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