Sure shot: Fears of stricter regulations are expected to subside, sparking industry revenue growth

Over the past five years, the Gun and Ammunition Stores industry expanded. Industry operators retail guns, ammunition and related accessories. As the US economy grew, consumer incomes increased, enabling people to spend more on discretionary goods like industry products. However, the majority of demand over the five-year period has come from consumer fears of stricter gun regulations. However, while industry demand and revenue grew over the past five years, they did so in a volatile manner. During certain years, fears over gun regulation died down as the prospect of their passage diminished. For instance, following the 2016 presidential election, the new administration made it clear that it would not pursue more stringent gun regulations...purchase to read more.

Industry Statistics & Market Size
Revenue
$11bn
Annual Growth 13-18
3.8%
Forecast Growth 18-23
Profit
Employment
83,861
Businesses
12,930
Market Share of Companies
There are no companies with a dominant market share in this industry

Industry Threats & Opportunities

  • New proposals to ban rapid-firing assault weapons spurred a surge in gun sales
  • The industry has contended with strong external competition
  • Any further regulations are expected to occur at state and local level
  • Industry Report - Industry Locations Chapter

    The geographic distribution of Gun and Ammunition Stores industry establishments is highly dependent on regulations governing each state, as well as cultural attitudes toward gun ownership. Industry revenue per capita is also much higher in rural areas where gun ownership is more common. Broader factors such as population distribution and disposable income levels also play a factor in revenue earned in each state or region. The geographic distribution of industry establishments has not shifted noticeably over the past five years; if anything, the industry has become more entrenched in regions where gun and ammunition sales have traditionally been high.SoutheastThe industry is highly concentrated in the Southeast, which accounts for just of 25.0% of locations. Gun...purchase to read more.

    Additional Insights for the Gun & Ammunition Stores Industry

    IBISWorld identifies 250 Key Success Factors for a business.The most important for the Gun & Ammunition Stores Industry are

  • Having a loyal customer base
  • Ability to control stock on hand
  • Proximity to key markets
  • IBISWorld analysts also discuss how external factors such as Regulation and Per capita disposable income in the Gun & Ammunition Stores industry impact industry performance..

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    What's in this report

    What is the Gun & Ammunition Stores Industry?

    This industry comprises establishments that specialize in retailing guns and ammunition. Industry establishments may also sell a range of accessories and apparel in addition to their main product lines.

    Industry Products
  • Handguns
  • Rifles
  • Shotguns
  • Ammunition
  • Other equipment, apparel and supplies
  • Other firearms
  • Industry Activities
  • Retailing handguns
  • Retailing rifles
  • Retailing shotguns
  • Retailing ammunition
  • Retailing apparel and accessories
  • Table of Contents

    Industry Definition
    Main Activities
    Similar Industries
    Additional Resources
    Industry Statistics Snapshot
    Industry Structure
    Executive Summary
    Executive Summary
    Key External Drivers
  • Regulation
  • Per capita disposable income
  • Total recreation expenditure
  • External competition
  • Crime rate

  • Current Performance
  • Demand for gun and ammunition stores
  • Competition
  • Other trends
  • Chart: Revenue Growth

  • Industry Outlook
  • Demand drivers
  • Competition and industry statistics
  • Table: Gun & Ammunition Stores Industry Revenue Outlook

  • Industry Life Cycle
  • Life cycle reasons
  • Chart: Benchmarking - Gun & Ammunition Stores Industry Lifecycle vs The Economy

  • Supply Chains
    Key Buying Industries
  • Consumers

  • Key Selling Industries
  • Footwear Wholesaling
  • Guns & Ammunition Manufacturing
  • Men's & Boys' Apparel Wholesaling
  • Women's & Children's Apparel Wholesaling

  • Products & Services
  • Other equipment, apparel and supplies
  • Ammunition
  • Handguns
  • Rifles
  • Shotguns
  • Other firearms
  • Chart: Gun & Ammunition Stores Industry Products and Services Segmentation

  • Demand Determinants
    Major Markets
  • Consumers aged 30 to 49
  • Consumers aged 50 to 64
  • Consumers aged 65 and older
  • Consumers aged 18 to 29
  • Chart: Major Market Segmentation for the Gun & Ammunition Stores Industry

  • International Trade
    Business Locations
    Chart: Business Locations by State
    Market Share Concentration
    Key Success Factors
    Cost Structure Benchmarks
  • Profit
  • Purchases
  • Wages
  • Other costs
  • Chart: Cost Structure Benchmarking – Sector vs Gun & Ammunition Stores

  • Basis of Competition
  • Internal competition
  • External competition

  • Barriers to Entry
  • Table: Barrier to Entry Checklist for the Gun & Ammunition Stores Industry

  • Industry Globalization
    There are no major players in this industry. This report includes analysis of other companies.
    Capital Intensity
  • Chart: Level of Capital Intensity for the Gun & Ammunition Stores Industry
  • Chart: Tools of the Trade: Growth Strategies for Success

  • Technology & Systems
    Revenue Volatility
  • Chart: Volatility vs Industry Growth

  • Regulation & Policy
    Industry Assistance
    Table: Industry Data for the Gun & Ammunition Stores Industry
    Includes:
  • Industry Revenue (2009-2023)
  • Industry Gross Product (2009-2023)
  • Establishments (2009-2023)
  • Businesses (2009-2023)
  • Employment (2009-2023)
  • Wages (2009-2023)
  • Per capita disposable income (2009-2023)

  • Table: Annual Percentage Change for Key Industry Data
    Table: Key Ratios for Industry Key Data
    Ammunition
  • Primers that are fired from guns, explosive military items like grenades and bombs and any materials that are thrown in fight.
  • Brick-And-Mortar
  • A retailer that has a physical presence of a building or other structure, as opposed to a retailer that only sells products online.
  • Handgun
  • A firearm designed to be handheld, in either one or both hands.
  • Long Gun
  • A firearm with a longer barrel than other classes that is designed to be fired braced against the shoulder.
  • May-Issue
  • A term used to describe a jurisdiction that will grant a legal firearm owner the right to carry a firearm on his person following the approval of a granting government authority.
  • Plinking
  • Recreational target shooting commonly done using paper, metal or nonstandard targets.
  • Shall-Issue
  • A term used to describe a jurisdiction that will grant a legal firearm owner the right to carry a firearm on his person without needing to meet local governing authority's approval.
  • What Our Customers Say

    Why buy this report?

    The Gun & Ammunition Stores industry market report contains strategic analysis of the key drivers influencing the industry. Save hours of time on research and prospecting using IBISWorld’s standardized, up-to-date reports on thousands of industries. Our industry research provides growth and profit forecasts for a five-year outlook period, presented in a clear and user-friendly format.

    IBISWorld industry market research reports enable you to:
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    • Identify threats and opportunities
    • Inform your decisions for marketing, strategy and planning
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    This report on Gun & Ammunition Stores:
    • Provides Market Size information to assist with planning and strategic decisions.
    • Includes the necessary information to perform SWOT, PEST and STEER analysis.
    • Helps you understand market dynamics to give you a deeper understanding of industry competition and the supply chain.
    • Analyses key performance and operational metrics so that you can benchmark against your own business, that of your customers’ businesses, or your competitors’ businesses.
    The Gun & Ammunition Stores market research report includes:
    • Historical data and analysis for the key drivers of this industry
    • A five-year forecast of the market and noted trends
    • Detailed research and segmentation for the main products and markets
    • An assessment of the competitive landscape and market shares for major companies
    • And of course, much more

    IBISWorld reports on thousands of industries around the world. Our clients rely on our information and data to stay up-to-date on industry trends across all industries. With this IBISWorld Industry Research Report on Gun & Ammunition Stores, you can expect thoroughly researched, reliable and current information that will help you to make faster, better business decisions.

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